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$700,000

5019 Commonwealth Drive Sarasota, FL 34242 Land - Residential Active

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Description

PRICED to Sell! 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 on a personalized design through the available design center. Commonwealth Drive is ideally located just minutes from the powdery sands of Siesta Key Beach and the vibrant charm of Siesta Village, with its shops, restaurants, and island lifestyle. Opportunities to build new in this highly sought-after location are increasingly rare. To explore this offering further, request details on the optional build package, and schedule a walk of the lot.

Property Highlights

Property Type: Land - Residential
Lot Size: 0.26 Acres
Taxes: $9,513

General Information

County: Sarasota
High School: Sarasota High
Subdivision: SIESTA BEACH
Listed By:
Dawn Bear WILLIAM RAVEIS REAL ESTATE 941-867-3901

Property Features

Days on Site: 328
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 dri
Flood Zone Code: AE
Home Warranty Y/N: No
Listing Terms: Cash, Other
Lot Dimensions: 0.26
Ownership: Fee Simple
Property Attached Y/N: No
Sewer: Public Sewer
Showing Instructions: Go Direct
Special Sale Provisions: None
Utilities: Cable Available, Public, Sewer Connected, Water Available
Vegetation: Mature Landscaping, Wooded
Water: Public
Water Access Y/N: No
Zoning: RSF2
$700,000
Active
LOT SIZE 0.260 acres MLS#A4648656
STATUSActive PROPERTY TYPELand - Residential SUBDIVISIONSIESTA BEACH

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5019 Commonwealth Drive, Sarasota, FL 34242.

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Estimated Payment

$ 3,357.90 per month $2,360.98 Principal & Interest $792.75 Property Tax $204.17 Homeowner's Insurance

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About this area

Florida/Sarasota
Sarasota

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About Sarasota

Sarasota, FL is a cultural gem. Once home to the Ringling Brothers Circus, Sarasota boasts a rich arts scene that brings people from all over the area to enjoy world-class theater, music, and other performing arts. Sarasota is also a haven with spectacular scenery, turquoise water and white sandy beaches. It offers a delightful downtown with a variety of small boutiques and exceptional restaurants. With its dynamic culture and arts scene and incredible natural beauty, Sarasota is a wonderful place to call “home.” 

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