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 Details
Price:
$875,000
MLS #:
A4648656
Status:
Active
Beds:
0
Baths:
0
Address:
5019 COMMONWEALTH DRIVE
Type:
Land
Subdivision:
SIESTA BEACH
Neighborhood:
34242 – Sarasota/Crescent Beach/Siesta Key
City:
SARASOTA
Listed Date:
Apr 12, 2025
State:
FL
ZIP:
34242
Lot Size:
11,330 sqft / 0.26 acres (approx)
See this Listing
I have been selling real estate for over 23 years from New York to Florida. My main service areas include Celebration, Marco Island, Miami, Naples, Orlando, Sarasota, Tampa, Windermere. We can help you buy or sell real estate anywhere in the State of Florida. Looking for Golf Course Homes For Sale, Luxury Estates, Beachfront Condos, Gated Communities, Fine Homes and Estates, we cover it all.
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Schools
Elementary School:
Phillippi Shores Elementary
Middle School:
Brookside Middle
High School:
Sarasota High
Interior
Exterior
Financial
Tax Year
2024
Taxes
$9,513
Map
Community
- Address5019 COMMONWEALTH DRIVE SARASOTA FL
- SubdivisionSIESTA BEACH
- CitySARASOTA
- CountySarasota
- Zip Code34242
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5019 COMMONWEALTH DRIVE
SARASOTA, FL
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