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5019 Commonwealth Drive

SARASOTA, FL 34242

2 beds
1 bath
1,363 sqft
11,330 sqft lot
$733 per sqft
1955 build
– on site

Welcome to Commonwealth Drive, a rare opportunity to own a slice of paradise on Siesta Key. This .26-acre lot is perfectly situated on one of the island’s most coveted streets, known for its lush, mature landscaping, serene ambiance, and close proximity to everything that makes Siesta Key so special. Commonwealth Drive is lined with stunning multi-million-dollar homes, both waterfront and inland, offering a tranquil charm that feels both exclusive and inviting. While this particular lot is not waterfront, its location amidst these beautiful properties makes it an exceptional find. The property currently features a majestic cottage full of character and charm. However, recent hurricane flooding has left the home ready for redevelopment, creating the perfect opportunity to design your dream home. Whether you envision a modern coastal retreat or a timeless estate that reflects the beauty of the surroundings, this lot provides a rare blank canvas to bring your vision to life in one of Sarasota’s most desirable neighborhoods. This property offers unparalleled access to Siesta Key’s most beloved features. Just minutes away, Siesta Key Beach awaits with its powdery white sands and turquoise waters, consistently ranked among the best beaches in the world. Here, you can enjoy tranquil days under the sun, paddle through calm waters, or savor breathtaking sunsets. A short bike ride or drive takes you to Siesta Key Village, a vibrant hub filled with boutique shops, charming cafes, and waterfront dining. The relaxed island vibe makes every visit to the village a memorable experience, with options to suit all tastes. Commonwealth Drive is more than just a street—it’s a lifestyle. The quiet, tree-lined neighborhood is known for its peaceful atmosphere and friendly neighbors, fostering a true sense of community. The mature landscaping, with its towering oaks and tropical foliage, creates a serene environment perfect for morning walks or peaceful evenings on your future lanai. This tranquil setting feels like a world away from the hustle and bustle, yet it’s conveniently located near the island’s key attractions. Land on Siesta Key is extremely limited, making this property a rare and exciting opportunity. Whether you’re looking to build a forever home, a vacation retreat, or an investment property, this lot provides endless possibilities to create something truly special. Commonwealth Drive is the epitome of Siesta Key living, combining quiet luxury with unmatched convenience. Opportunities like this don’t come often, especially in a location as desirable as this. This property invites you to embrace the charm, beauty, and serenity of Siesta Key while creating a legacy on one of the island’s most coveted streets. Don’t miss your chance to build your dream home in a neighborhood that embodies tropical elegance, friendly neighbors, and proximity to world-class beaches. Contact us today to learn more about this extraordinary property and start planning your future in paradise.

Listing courtesy of STELLAR_MLS / WILLIAM RAVEIS REAL ESTATE

Last checked: Checking… • Last updated Nov 25, 2024 •

MLS# A4630299 —

The Building

Year Built:

1955
New Construction:

false
Construction Materials:

Wood Siding
Levels:

One
Stories Total:

1
Roof:

Metal
Foundation Details:

Slab
Building Area Total:

1843
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Interior Features:

Other
Flooring:

Other
Fireplace:

false

Room Dimensions

Living Area:

1363
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

Exit 207- Take Bee Ridge Rd west towards Siesta Key for 4 miles. Turn left onto Midnight Pass Rd. Continue over the South Bridge and turn left onto Midnight Pass Rd. Turn left ono Commonwealth Drive. The property will be on your left. Enjoy the scenic drive through Siesta Key. Be patient with our active clean-up process after the recent storms.
Latitude:

27.279336
Longitude:

-82.552354
Coordinates:

-82.552354, 27.279336

The Property

Parcel Number:

0081100023
Property Type:

Residential
Property Subtype:

Single Family Residence
Lot Features:

Cleared
Lot Size Acres:

0.26
Lot Size Area:

11330
Lot Size SqFt:

11330
Lot Size Dimensions:

50 x 135
Lot Size Units:

Square Feet
Total Acres:

1/4 to less than 1/2
Zoning:

RSF2
Direction Faces:

East
View:

Garden
View:

true
Exterior Features:

Other
Water Source:

None
Road Surface Type:

Paved
Road Frontage Type:

Street Paved
Flood Zone Code:

AE
Additional Parcels:

false
Homestead:

true
Lease Restrictions:

false
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Lot:

33
Tax Block:

21
Tax Legal Description:

NWLY 2 FT OF LOT 33 ALL OF LOT 32 & THAT PART OF LOT 31 DESC AS BEG AT SWLY COR OF LOT 31 FOR POB TH N-51-20-50-E 136.05 FT TO SELY COR OF LOT 31 TH N-41-55-09-W 23 FT TO A POINT ON NELY BDRY OF LOT
Tax Book Number:

1037-423
Tax Annual Amount:

3714.87

Beds

Bedrooms Total:

2

Baths

Total Baths:

1
Total Baths:

1
Full Baths:

1

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Other
Heating:

true
Cooling:

Other
Cooling:

true

Utilities

Utilities:

Cable Available
Sewer:

Public Sewer

Appliances

Appliances:

Other
Laundry Features:

Other

Schools

Elementary School:

Phillippi Shores Elementary
Middle Or Junior School:

Brookside Middle
High School:

Sarasota High

The Community

Subdivision Name:

SIESTA BEACH
Senior Community:

false
Water View:

false
Water Access:

false
Waterfront:

false
Pool Private:

false
Pets Allowed:

Yes
Association:

false
Ownership:

Fee Simple

Parking

Garage:

false
Carport:

true
Carport Spaces:

2
Covered Spaces:

2

Monthly cost estimate

Asking price

$1,000,000

Expense	Monthly cost
Mortgage	$5,354
Taxes	$309
Insurance	$275
Utilities	$143 See report
Total	$6,081/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
11/24/24 Nov 24, 2024	Listed / Active	STELLAR_MLS	$1,000,000
8/8/23 Aug 8, 2023		STELLAR_MLS	$1,000,000	0.5%
6/28/23 Jun 28, 2023		STELLAR_MLS	$995,000

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This house located in Siesta Beach, Siesta Key, FL 34242 is currently for sale for $1,000,000. 5019 Commonwealth Drive is a 1,363 square foot house with 2 beds and 1 bath that has been on Estately for 0 days. 5019 Commonwealth Drive is in the Siesta Beach neighborhood of Siesta Key and has a WalkScore® of 3, making it car-dependent. This house is in the attendance area of Brookside Middle School, Sarasota High School, and Phillippi Shores Elementary School.

Listing Courtesy of: STELLAR_MLS and WILLIAM RAVEIS REAL ESTATE.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.