$2,800,000

5024 Commonwealth Dr Sarasota, FL 34242

Estimated payment $17,061/month

Total Views 10,689
3 Beds
3.5 Baths
2,468 Sq Ft
$1,135 Price per Sq Ft

Highlights

  • 60 Feet of Canal Waterfront
  • Dock has access to electricity and water
  • Boat Lift
  • Phillippi Shores Elementary School Rated A
  • Access To Intracoastal Waterway
  • Screened Pool

About This Home

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 Agent

Gabi Charity

CHARITY & WEISS INTERNATIONAL LLC Brokerage Phone: 941-365-0022 License #3168133 Listed on: 04/28/2025

Co-Listing Agent

Ruediger Weiss

CHARITY & WEISS INTERNATIONAL LLC Brokerage Phone: 941-365-0022 License #3160365

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,159

Year Built

  • Built in 2003

Lot Details

  • 9,849 Sq Ft Lot
  • 60 Feet of Canal Waterfront
  • Property fronts a saltwater canal
  • East Facing Home
  • Wood Fence
  • Mature Landscaping
  • Irrigation Equipment
  • Property is zoned RSF2

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Key West Architecture
  • Bi-Level Home
  • Turnkey
  • Block Foundation
  • Metal Roof
  • Block Exterior

Interior Spaces

  • 2,468 Sq Ft Home
  • Open Floorplan
  • Built-In Desk
  • Shelving
  • Chair Railings
  • Crown Molding
  • Coffered Ceiling
  • Tray Ceiling
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Fireplace Features Masonry
  • Window Treatments
  • French Doors
  • Sliding Doors
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Bonus Room
  • Canal Views

Kitchen

  • Eat-In Kitchen
  • Walk-In Pantry
  • Range<<rangeHoodToken>>
  • <<microwave>>
  • Ice Maker
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Wood
  • Brick
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • En-Suite Bathroom
  • Walk-In Closet
  • Shower Only

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Screened Pool
  • Heated In Ground Pool
  • Fence Around Pool

Outdoor Features

  • Access To Intracoastal Waterway
  • Fixed Bridges
  • Access to Saltwater Canal
  • Seawall
  • Boat Lift
  • Dock has access to electricity and water
  • Dock made with wood
  • Deck
  • Covered patio or porch
  • Exterior Lighting
  • Gazebo

Schools

  • Phillippi Shores Elementary School
  • Brookside Middle School
  • Sarasota High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Built by McManus- Hager Group
  • Siesta Beach Community
  • Siesta Beach Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,159

Year Built

Built in 2003

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Key West
  • Construction Materials: Block
  • Fireplace: Yes
  • Living Area: 2468
  • Lot Size Acres: 0.23
  • New Construction: No
  • Year Built: 2003
  • Building Area Total: 5350
  • Lot Size Sq Ft: 9849
  • Directions to Property: 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.
  • Status: Active
  • Co List Office Mls Id: MFR281516759
  • Co List Office Phone: 941-365-0022
  • Ownership: Fee Simple
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 1047240
  • Minimum Lease: 1 Month
  • RATIO Current Price By Calculate: 1134.52
  • Total Acreage: 0 to less than 1/4
  • Unit Number YN: 0
  • Water Access YN: 1
  • MFR_InLawSuiteYN: 0
  • MFR_DockDescription: Dock - Wood,Dock w/Electric,Dock w/Water Supply,Lift
  • MFR_DockYN: 1
  • Water Frontage Feet Canal Front: 60
  • Attribution Contact: 941-365-0022
  • Tax Year: 2024
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Living Room, Masonry, Wood Burning
  • Living Area Units: Square Feet
  • Flooring: Tile, Wood
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fans(s), Chair Rail, Coffered Ceiling(s), Crown Molding, Eat-in Kitchen, High Ceilings, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Solid Wood Cabinets, Split Bedroom, Stone Counters, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Ice Maker, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Block
  • Total Bedrooms: 3
  • Levels: Two
  • Other Equipment: Irrigation Equipment
  • Window Features: Window Treatments
  • Street Number Modifier: 5024
  • Living Area Meters: 229.28
  • Room Count: 9

Exterior Features

  • Direction Faces: East
  • Other Structures: Gazebo
  • Pool Features: Heated, In Ground, Screen Enclosure
  • Exterior Features: French Doors, Lighting, Sliding Doors
  • Roof: Metal
  • Home Warranty: No
  • Pool Private: Yes
  • View: Water
  • Water Body Name: GRAND CANAL
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck, Screened
  • Road Surface Type: Asphalt
  • Water Access: Canal - Saltwater,Intracoastal Waterway
  • Water Extras: Bridges - Fixed,Lift,Seawall - Concrete
  • Water Extras YN: 1
  • Water View: Canal
  • Water View YN: 1
  • Waterfront Feet Total: 60
  • Flood Zone Date: 2024-03-27
  • Flood Zone Panel: 12115C0143G

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Driveway, Garage Door Opener

Utilities

  • Utilities: Electricity Connected, Public, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Schools

  • Elementary School: Phillippi Shores Elementary
  • High School: Sarasota High
  • Middle Or Junior School: Brookside Middle

Lot Info

  • Zoning: RSF2
  • Parcel Number: 0081100036
  • Additional Parcels: No
  • Fencing: Wood
  • Lot Features: Paved
  • Flood Zone Code: AE
  • Homestead YN: 0
  • Lot Size Square Meters: 915

Green Features

  • Green Verification Count: 0

Building Info

  • Builder Name: McManus- Hager Group

Rental Info

  • Furnished: Turnkey
  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Sarasota County lease restriction

Tax Info

  • Tax Annual Amount: 19159
  • Tax Block: 22
  • Tax Book Number: 1037-423
  • Tax Lot: 29

Multi Family

  • Waterfront Features: Canal - Saltwater, Canal Front

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $19,494 $1,402,169 -- --
2023 $19,494 $1,886,900 $901,800 $985,100
2022 $17,501 $1,646,300 $883,700 $762,600
2021 $14,064 $1,131,800 $579,100 $552,700
2020 $12,617 $957,700 $481,300 $476,400
2019 $11,617 $883,900 $420,300 $463,600
2018 $12,069 $920,200 $497,900 $422,300
2017 $12,736 $956,800 $487,200 $469,600
2016 $12,472 $933,200 $454,600 $478,600
2015 $11,437 $815,700 $448,800 $366,900
2014 $11,108 $729,200 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2025 04/28/25 For Sale $2,800,000 -- $1,135 / Sq Ft
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,021,000 Attorney
Warranty Deed $495,000 --
Warranty Deed -- --
Source: Public Records

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Source: Stellar MLS

MLS Number: A4649919

Stellar MLS

APN: 0081-10-0036