5019 Commonwealth Drive

Sarasota, FL 34242

$1,000,000
Price
2
Beds
1
Bath
1,363 Sq. Ft.
$734 / Sq. Ft.
1,363
Sq. Ft.
$734
per Sq. Ft.

Description

Welcome to Commonwealth Drive, a rare opportunity to own a slice of paradise on Siesta Key. Prime opportunity for new construction on this property, offering a blank canvas to build your dream home. 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,...Welcome to Commonwealth Drive, a rare opportunity to own a slice of paradise on Siesta Key. Prime opportunity for new construction on this property, offering a blank canvas to build your dream home. 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.
  1. Listed by Dawn Bear • WILLIAM RAVEIS REAL ESTATE

Property Details for 5019 Commonwealth Drive

Subdivision Name
SIESTA BEACH
Township
37S
Carport Spaces
2
View
Garden, Trees/Woods
Waterfront
No
LISTING UPDATED: 12/05/2024 08:33 AM

Property Details for 5019 Commonwealth Drive

StatusActive
MLS #A4630299
Days on Market24
Taxes$3,715 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1955
Lot Size0.26 AC / 11,330 SF
CountySarasota County

Building Information for 5019 Commonwealth Drive

Stories1Year Built1955Building Size-Lot Size0.26 AC / 11,330 SF

Property Information for 5019 Commonwealth Drive

Summary
Location and General Information
  • Building Area Source: Public Records
  • Building Area Total: 1843.0
  • Building Area Units: Square Feet
  • Direction Faces: East
  • 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.
  • Elementary School: Phillippi Shores Elementary
  • Middle Or Junior School: Brookside Middle
  • High School: Sarasota High
  • Mls Major Change Type: New Listing
  • Major Change Type: New Listing
  • Listing Service: Full Service
  • Senior Community: No
  • SW Subdiv Community Name: Siesta Beach
  • Unit Number: No
  • Street Number: 5019
  • Street Name: COMMONWEALTH
  • Street Suffix: DRIVE
  • State: FL
  • City: SARASOTA
Parking
  • Available For Lease: Yes
  • Carport: Yes
  • Garage: No
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Tax Block: 21
  • Tax Book Number: 1037-423
  • 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 Lot: 33
  • Tax Year: 2023
Property
Lot Information
  • Additional Parcels: No
  • Lot Features: Cleared, Landscaped, Level/Flat, Oversized Lot, Private, Street Paved
  • Lot Size Dimensions: 50x135
  • Parcel Number: 0081100023
  • Total Acreage: 1/4 to less than 1/2
  • Water Access: No
  • Water Extras: No
  • Zoning: RSF2
  • Living Area: 1363
  • Lot Dimensions: 50x135
Property and Assessments
  • Year Built Numeric: 1955
  • Flood Zone Code: AE
  • Homestead: Yes
  • New Construction: No
  • Public Survey Range: 17E
  • Public Survey Section: 12
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Other, Public, Sewer Connected, Street Lights, Water Available
  • Water Source: None
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Siding
  • Exterior Features: Other
  • Foundation Details: Slab
  • Levels: One
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Metal
  • Waterfront Feet Total: 0
  • Number Of Stories: 1
Interior Features
  • Bedrooms Total: 2
  • Bathrooms Full: 1
  • Appliances: Other
  • Cooling: Other
  • Fireplace: No
  • Flooring: Other
  • Heating: Other
  • Interior Features: Other
  • Laundry Features: Other
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Room Count: 3.0
  • Water View: No
  • Bathrooms Half: 0
Room 1
  • Room Level 1: First
  • Room Type 1: Living Room
Room 2
  • Room Level 2: First
  • Room Type 2: Kitchen
Room 3
  • Room Level 3: First
  • Room Type 3: Primary Bedroom
Rental
Rental Information
  • Pets Allowed: Yes

Property History for 5019 Commonwealth Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5019 Commonwealth Drive

Taxable ValueLand-Additions-Total-
Tax Record2023$3,715 ($310 / month)
Home Facts
Beds2Baths1Total Finished SqFt1,363 SqFtAbove Grade Finished SqFt1,363 SqFtStories1Lot Size11,330 SqFtStyleSingle Family ResidenceYear Built1955Year Renovated2000ZoningSKOD; RSF2CountySARASOTAAPN0081-10-0023

Schools near 5019 Commonwealth Drive

This home is within Sarasota.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Phillippi Shores Elementary School
PublicPK to 5

Brookside Middle School
Public6 to 8

Sarasota High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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5019 Commonwealth Drive is a single family home for sale in Sarasota, FL 34242. This property was listed for sale on November 24, 2024 by WILLIAM RAVEIS REAL ESTATE, it's currently listed at $1,000,000. It has been on the market for a total of 24 days and was last sold on August 8, 2023. This listing's school district is Sarasota. Nearby schools include Phillippi Shores Elementary School, Brookside Middle School and Sarasota High School. 5019 Commonwealth Drive is a 2-bed, 1-bath, 1,363 sqft single family home built in 1955.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of WILLIAM RAVEIS REAL ESTATE, Dawn Bear

The information is being provided in part by Southwest Florida Multiple Listing Service, Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2, and MarcoMls. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 Southwest Florida Multiple Listing Service and MarcoMls. All Rights Reserved. The data relating to real estate for sale displayed on this website comes in part from the Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2 and MarcoMls. Properties listed with brokerage firms other than Compass are marked with the "BR House" logo. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Naples MLS BR Program, or contained in the database compilation of Naples MLS.