$1,875,000
5207 Bay State Road, Palmetto, FL 34221
3 bd · 3 ba · 3,645 sqft
Listed by Jennifer Spinelli The Agency Fl 407-335-4119
MLS # TB8554605 · Active
Palmetto, Florida
Bay Colony
An established Palmetto waterfront neighborhood of about 220 single-family homes on saltwater canals off Terra Ceia Bay.
- Price range
- $623K to $1.87M
- HOA and CDD
- No HOA or CDD
- School district
- Manatee County
The River Current
Updated Nov 7, 3:28 am
- Active
- 7 0.0%no change versus 30 days ago
- Pending
- 1 0.0%no change versus 30 days ago
- Median price
- $900,000 5.1%down versus 30 days ago
- Median $/sq ft
- $391 3.7%down versus 30 days ago
- Days on market
- 144 25%up versus 30 days ago
Live from Stellar MLS through IDX Broker; figures change as listings are added, updated, or removed. Price, $/sq ft, and days on market are medians of the active listings.
Bay Colony is a community in Palmetto, North of the River, in Manatee County.
Also in Palmetto: Artisan Lakes, Coasterra, Mandarin Grove, Riviera Dunes, Sanderling, Silverstone North, Southpointe, Stonegate Preserve
About Bay Colony
Bay Colony is an established waterfront neighborhood in Palmetto, on Terra Ceia Bay off Palmetto Point Drive near the Sunshine Skyway approach. Its roughly 220 single-family homes, built from 1956 onward, sit on saltwater canals, and the county records every home site as waterfront. Listings describe boat access to the bay with no fixed bridges. Typical lots are about a quarter acre. There is no mandatory HOA and no CDD. A voluntary Bay Colony Property Owners Association, formed in 1959, is a social club, and residents can join the neighboring Palmetto Point Civic Association for use of its boat ramp.
Live from the MLS
Homes for sale in Bay Colony
7 active listings · 1 pending, priced from $623,000 to $1,875,000 Current as of the last hour. Prices and availability change daily.
$1,035,000
4911 Palmetto Point Drive, Palmetto, FL 34221
3 bd · 3 ba · 2,645 sqft
Listed by Christopher Plummer Smith & Associates Real Estate 727-342-3800
MLS # TB8511146 · Active
$948,000
5003 Commonwealth Road, Palmetto, FL 34221
3 bd · 3 ba · 1,851 sqft
Listed by Tim Lester Tim Lester Internat'l Realty 941-981-5388
MLS # A4679863 · Active
$900,000
5008 Bay State Road, Palmetto, FL 34221
3 bd · 3 ba · 2,941 sqft
Listed by Katie Cobb Douglas Elliman 941-867-6199
MLS # A4706277 · Active
$799,000
5404 Bay State Road, Palmetto, FL 34221
3 bd · 3 ba · 2,220 sqft
Listed by Tim Lester Tim Lester Internat'l Realty 941-981-5388
MLS # A4700079 · Active
$747,000
924 Arlington Road, Palmetto, FL 34221
4 bd · 3 ba · 1,861 sqft
Listed by Tim Lester Tim Lester Internat'l Realty 941-981-5388
MLS # A4708945 · Active Under Contract
Based on information submitted to the MLS GRID as of Saturday, November 7th, 2026 at 08:48:05 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listings courtesy of My Florida Regional MLS DBA Stellar MLS 2026 as distributed by MLS GRID. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may violate relevant federal and state law. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Properties displayed may be listed or sold by various participants in the MLS.
How Bay Colony compares
Next to the communities most like it, from the same live MLS figures. Medians of what is listed now; nothing is ranked.
| Community | Active | Median list price | Median $/sq ft | Median days on market | Compare |
|---|---|---|---|---|---|
| Bay Colony | 7 | $900,000 | $391 | 144 | |
| Riviera Dunes Also in Palmetto · Also has waterfront homes | 50 | $322,400 | $305 | 136 | Compare Bay Colony and Riviera Dunes |
| Bayshore Gardens Also has waterfront homes · Also no HOA | 20 | $329,950 | $225 | 80 | Compare Bay Colony and Bayshore Gardens |
| Sanderling Also in Palmetto · Also no CDD | 7 | $369,879 | $199 | 74 | Compare Bay Colony and Sanderling |
Live from Stellar MLS through IDX Broker, updated Nov 7, 3:28 am; figures change as listings are added, updated, or removed. Fees, schools, and features are on Compare.
Around Manatee County
Drive times
Airports
TPA
Tampa International Airport
Tampa
- From Palmetto
- about 45 to 55 min
SRQ
Sarasota Bradenton International Airport
Sarasota
- From Palmetto
- about 20 to 30 min
PIE
St. Pete-Clearwater International Airport
Clearwater
- From Palmetto
- about 40 to 45 min
Off-peak estimates from the center of Palmetto, not live traffic. Your drive depends on where in Bay Colony you start and when you leave.
Schools, guides, and places
Living in Bay Colony
Schools
- Elementary Palm View Elementary Named in 5 of 5 recent MLS listings
- Middle Buffalo Creek Middle Named in 1 of 2 recent MLS listings
- High Palmetto High Named in 5 of 5 recent MLS listings
Schools are assigned by address, and zones can change. Confirm a specific home with the School District of Manatee County. How school zoning works here
Guides for buying here
- On the water Waterfront Lifestyle It has waterfront homes
- Schools School District Guide How school zoning works here
- Moving here Relocating to Manatee County Moving here
Lifestyle nearby
- Living Here Both Sides of the River Preserves, beaches, and places to get outside.
- Living Here Living in Manatee County The communities, everyday conveniences, and local experiences that make this area home.
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Similar communities
- Also in Palmetto
- Also has waterfront homes
- Also no CDD
- Also has waterfront homes
- Also no HOA
- Also no CDD
- Also in Palmetto
- Also no CDD
- Also has single-family homes
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Photo credits
Emerson Point Preserve by Paul R. Burley (CC BY-SA 4.0); Old Green Bridge Pier by Sanibel sun (CC BY 4.0); Palomino in Myakka City by Bruce Kamm (Unsplash License).