$2,500,000

5024 Commonwealth Drive, Sarasota, FL 34242

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$2,500,000

(300,000) 10/13/2025

5024 Commonwealth Drive Sarasota, FL 34242 - GRAND CANAL

For Sale MLS# A4649919

3 beds 4 baths 2,468 sq ft Single Family

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Data current as of 20/12/2025 00:45:22

Details for 5024 Commonwealth Drive

MLS# A4649919

Description for 5024 Commonwealth Drive, Sarasota, FL, 34242 - GRAND CANAL


Nestled in the quaint neighborhood along the Grand Canal on Siesta Key, this Key West style home offers the perfect blend of old-world charm and modern living. This exceptionally well-appointed custom-built home is being offered turnkey. The home's grand entrance welcomes you through a covered porch that leads to an oversized foyer. You are greeted with a spectacular open floor plan, where an abundance of natural light, beautiful canal views, soaring ceilings and gleaming hardwood floors create a bright and airy atmosphere throughout. You will then be charmed by the library with a sliding ladder, wood burning fireplace, walnut wood flooring, and cedar beams in the living room, all combined with modern style furniture. The open living area includes a kitchen, with cherry wood cabinets, and an Iron Elmira stove surrounded by Chicago brick, gorgeous dining room and a breakfast nook. Floor to ceiling windows and sliding doors seamlessly connect the grand living area to the outside covered deck, perfect for entertaining. The beautiful primary suite with canal views is on the main level and two generously sized bedrooms with their en-suite bathrooms are located on the upper level. A “basement room” between the two garages offers a huge amount of storage with built-in closets and cabinets. The house was not affected by any wind or flood damage thanks to its solid concrete block construction and 11ft elevation of living space. Some water intrusion on garage level, but did not cause any damage to building, or cabinets in storage area between the garages. The fenced-in backyard features a 35ft screened heated pool with a waterfall and Chicago brick deck. The 60ft IPE hardwood boat dock with a tropical over-the-water gazebo is equipped with a 10,000lb boat lift and offers plenty of space for all your outdoor toys. Boating just one mile through the deep-water canal brings you to the Intercoastal Waterway which leads right out into the open Gulf. In a market where quality counts more than ever, this home offers a rare blend of location, craftsmanship, and timeless appeal. Welcome home to Siesta Key - island living, breath-taking sunsets, boating and award-winning beaches, all at your doorstep.

Listing Information


Property Type: Residential, Single Family Residence

Status: Active

Bedrooms: 3

Bathrooms: 4

Lot Size: 0.23 Acres

Square Feet: 2,468 sq ft

Year Built: 2003

Garage: Yes

Stories: 2 Story

Construction: Block

Subdivision: Siesta Beach

Builder: McManus- Hager Group

Foundation: Block

County: Sarasota

School Information


Elementary: Phillippi Shores Elementary

Middle: Brookside Middle

High: Sarasota High

Room Information


Main Floor

Primary Bathroom: 12x12

Porch: 29x42

Primary Bedroom: 12x16

Kitchen: 24x11

Dining Room: 12x12

Living Room: 18x16

Upper Floor

Bedroom 3: 12x17

Bedroom 2: 12x17

Lower Floor

Bonus Room: 6x16

Bathrooms

Full Baths: 3

1/2 Baths: 1

Additonal Room Information

Laundry: Inside, Laundry Room

Interior Features


Appliances: Washer, Ice Maker, Electric Water Heater, Microwave, Range, Refrigerator, Dishwasher, Disposal, Dryer

Flooring: Tile,Wood

Doors/Windows: Window Treatments

Fireplaces: Living Room, Wood Burning, Masonry

Additional Interior Features: Split Bedrooms, Eat-In Kitchen, Walk-In Closet(s), Window Treatments, Tray Ceiling(s), Built-in Features, Cathedral Ceiling(s), High Ceilings, Ceiling Fan(s), Vaulted Ceiling(s), Living/Dining Room, Coffered Ceiling(s), Crown Molding, Open Floorplan, Stone Counters, Wood Cabinets, Chair Rail, Kitchen/Family Room Combo

Utilities


Water: Public

Sewer: Public Sewer

Other Utilities: Electricity Connected,Municipal Utilities,Water Connected

Cooling: Ceiling Fan(s), Central Air

Heating: Electric, Central

Exterior / Lot Features


Attached Garage: Attached Garage

Garage Spaces: 2

Parking Description: Garage Door Opener, driveway, Garage

Roof: Metal

Pool: Heated, In Ground, Screen Enclosure

Lot View: Canal,Water

Fencing: Wood

Additional Exterior/Lot Features: French Patio Doors, Sprinkler/Irrigation, Lighting, Screened, Covered, Deck, Landscaped

Out Buildings: Gazebo

Waterfront Details


Standard Water Body: GRAND CANAL

Water Front Features: Canal Front, Canal Access

Driving Directions


From the north bridge to Siesta Key: take Midnight Pass Rd to the left as it splits at Higel and follow down about a mile just over the bridge. Take a right onto Commonwealth. Go straight at the stop sign and the home will be on the right. From the South bridge to Siesta Key: Follow Midnight pass north to the stop light and take a right. Take a left onto Commonwealth Dr., follow road and home will be on your left.

Financial Considerations


Tax/Property ID: 0081100036

Tax Amount: 19159

Tax Year: 2024

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Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.

Sales History

Date Price Change
Currently not available.

Tax Summary

Tax Year Estimated Market Value Total Tax
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

Schools nearby 5024 Commonwealth Drive

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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.

SchoolDigger ® Rating

The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.

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