$2,800,000

5024 Commonwealth Dr Sarasota, FL 34242

3 beds
3 full, 1 partial
2,468 sqft
0.2 acres
$1,135 / sqft
House

Property details

About 5024 Commonwealth Dr

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.

Highlights

Home typeSingle Family Residence
HeatingCentral, Electric
StatusActive
CoolingCentral Air
Size2,468 sqft
Lot size0.23 Acres
Year built2003
ParkingDriveway, Garage Door Opener
MLS #A4649919
Attached garage2 spaces
WaterfrontCanal
FireplaceLiving Room, Masonry, Wood Burning
ViewWater
Private poolYes

Summary

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Ice Maker, Microwave, Range, Refrigerator, Washer
  • Flooring Type: Tile, Wood
  • Interior: 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
  • Fireplace: Living Room, Masonry, Wood Burning
  • Total Bedroom Count: 3
  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Private Pool: Yes
  • Parking: Driveway, Garage Door Opener
  • Waterfront: Canal
  • View: Water
  • Exterior: French Doors, Lighting, Sliding Doors
  • Architectural Style: Key West
  • Heating: Central, Electric
  • Cooling: Central Air
  • List Price: $2,800,000
  • Price/SqFt: $1,134
  • Annual Tax Amount: $19,493
  • Tax Year: 2023
  • Lot: Paved
  • 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.
  • Year Built: 2003
  • Living Area: 2,468 SqFt
  • Lot Size: 0.23 Acres
  • MLS Number: A4649919
  • MLS Name: MFRMLS
  • Office Name: CHARITY & WEISS INTERNATIONAL LLC
  • Office Phone: (941) 365-0022
  • Listing Agent: Gabi Charity

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

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. Properties displayed may be listed or sold by various participants in the MLS.

IDX Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. 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 exclusively for consumers’ 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. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/9/2025, 9:19:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Get an agent. Get a mortgage. Save big.¹

view of front of house featuring decorative driveway, a garage, stairs, and a porch

$2,800,000

5024 Commonwealth Dr

Sell your home with Rocket and save even more!

Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Oct 15, 2009
Home Sold
$1,021,000
Aug 13, 2001
Home Sold
$495,000

Tax history

YearAssessmentProperty Tax
2023$1,886,900$19,493
2022$1,646,300$17,501
2021$1,131,800$17,501
2020$957,700$14,064
2019$883,900$11,617
2018$920,200$12,068
2017$956,800$12,736

History based on county public records data.

Nearby schools

8

Phillippi Shores Elementary School

Public Magnet PK-5

1.6 mi

4747 S Tamiami Trl

10

Southside Elementary School

Public District PK-5

2.4 mi

1901 Webber St

7

Gulf Gate Elementary School

Public District PK-5

3.0 mi

6500 S Lockwood Ridge Rd

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $109,115. Residents of Sarasota, FL typically earn between $100k-200k each year. The majority of families are married, no kids. Most residents in this area have post secondary degree education.

How much money do the neighbors make?

14%
<35k
29%
35k-100k
38%
100k-200k
19%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

40%
Single, No Kids
4%
Single, with Kids
42%
Married, No Kids
14%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

8%
<11 yrs old
6%
12-17 yrs old
8%
18-34 yrs old
44%
35-64 yrs old
34%
65+ yrs old

What do the neighbors do for fun?

  • Men's TennisMen's Tennis
  • Hiking/backpackingHiking/backpacking
  • PGA/LPGAPGA/LPGA

Where do the neighbors shop?

  • BloomingdalesBloomingdales
  • Nordstrom RackNordstrom Rack
  • Chico'sChico's

Where do the neighbors go to eat?

  • Bonefish GrillBonefish Grill
  • ChipotleChipotle
  • California Pizza KitchenCalifornia Pizza Kitchen

What do the neighbors drive?

  • LexusLexus
  • MazdaMazda
  • CadillacCadillac

What do the neighbors listen to?

  • NewsNews
  • RockRock
  • ClassicalClassical
All data provided by Home Junction and Claritas

Similar homes for sale

Frequently asked questions

About 5024 Commonwealth Dr

The listing price of 5024 Commonwealth Dr property is $2,800,000.

The property 5024 Commonwealth Dr is a house located in Sarasota, Florida, 34242.

Active Listing: 5024 Commonwealth Dr is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 5024 Commonwealth Dr are: Phillippi Shores Elementary School (GreatSchools Rating 8/10), Southside Elementary School (GreatSchools Rating 10/10), Gulf Gate Elementary School (GreatSchools Rating 7/10), Brookside Middle School (GreatSchools Rating 6/10), Suncoast School for Innovative Studies (GreatSchools Rating 5/10), Sarasota School of Arts/Sciences (GreatSchools Rating 8/10), Sarasota Virtual Instruction Program (GreatSchools Rating 6/10), Riverview High School (GreatSchools Rating 6/10), Suncoast Polytechnical High School (GreatSchools Rating 9/10).

According to the records, the last property tax for 2023 is $19,493 (source: MLS/based on county public records data).

The last sale was on October 15, 2009 for $1,021,000 (source: MLS/tax record).

The property at 5024 Commonwealth Dr has 3 bedrooms and 3 full and 1 half bathrooms.

The property 5024 Commonwealth Dr is 2,468 SqFt (source: MLS/tax record).

The year of construction for 5024 Commonwealth Dr is 2003.

This home is located at 5024 Commonwealth Dr in Sarasota, FL and zip code 34242 in the Siesta Key neighborhood. This 2,468 square foot home, which was built in 2003, sits on a 0.23 acre lot. Features: 3 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since April 29, 2025 and is currently priced at $2,800,000.

Sarasota, FL housing market in April 2025 saw over 35 listings sold above listed price, more than 77 sold at listed price and over 421 sold below. In April 2025 in Sarasota, FL there were 1.6% more homes for sale than in March. In April 2025 median list price was $500,494 and the average listing age was 69 days.

From Rocket Homes Real Estate and based on county public records data.

More resources