5019 Commonwealth Drive, Sarasota, FL 34242

Local realty services provided by:ERA Advantage Realty, Inc.
5019 Commonwealth Drive,Sarasota, FL 34242
$775,000
Virtual Tour
  • 0.26 Acres
  • Lots / Land
  • Active
Listed by: dawn bear
Office: william raveis real estate
MLS#:A4648656
Source:MFRMLS

Price summary

  • Price:$775,000

About this home

100,000 price reduction! A Rare Build Opportunity on Siesta Key! Located on one of Siesta Key’s most beloved streets, this .26-acre lot on Commonwealth Drive presents a unique opportunity to build new in an established, multi-million-dollar neighborhood. Surrounded by lush, mature landscaping and a peaceful, community-focused setting, the lot offers the ideal backdrop for your vision—whether you’re seeking a full-time residence, vacation retreat, or long-term investment. The existing cottage, which holds no contributory value due to hurricane flooding, creates a true blank slate for new construction. As an added benefit, this property is being offered with the option to build a thoughtfully designed custom home by Yoder Construction. The proposed plan, The Oceana, is part of an exclusive ISLAND SERIES, developed with sustainability and the unique coastal conditions of Siesta Key in mind. Buyers may choose to build this elevated 2,735-square-foot home, or collaborate with the builder

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Home facts

  • Listing ID #:A4648656
  • Added:222 day(s) ago
  • Updated:November 20, 2025 at 12:54 PM

Structure and exterior

  • Lot area:0.26 Acres

Schools

  • High school:Sarasota High
  • Middle school:Brookside Middle
  • Elementary school:Phillippi Shores Elementary

Utilities

  • Water:Public, Water Available
  • Sewer:Public, Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$775,000
  • Tax amount:$9,513 (2024)
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