by Global Lifestyle Properties

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Siesta Key 34242 Siesta Beach
4879 COMMONWEALTH DRIVE
$2,195,000
↓ $4K (0.2%)
● House - For Sale

4879 COMMONWEALTH DRIVE

SARASOTA, FL 34242
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,450 Ft²
$11,500
Est. Monthly

About This Property

TURNKEY. FULLY FURNISHED. INCOME PRODUCING. Welcome to an exceptional Siesta Key property offering the rare combination of a fully renovated luxury residence, private tropical setting and proven rental income.  The home is being offered fully furnished and can include essentially everything needed to operate and enjoy it immediately-from designer furnishings and decor to pots, pans, dishes, silverware, linens, towels and other household essentials. Truly turnkey, the next owner can simply bring a suitcase and begin enjoying the Siesta Key lifestyle or continue the established rental operation.  Extensively renovated with a focus on modern comfort, durability and style, the approximately 2,500-square-foot residence features an open, light-filled floor plan, expansive impact windows and doors, durable wood-grain tile flooring, custom wood cabinetry, quartz waterfall countertops and curated designer lighting.  The split-bedroom layout offers privacy and flexibility, making the home equally well suited for full-time living, family vacations or rental guests.  The spacious primary suite features private outdoor access and a beautifully renovated bath with a freestanding soaking tub and oversized marble walk-in shower. Three additional bedrooms are located on the opposite side of the home, including a junior suite with its own private bath, floor-to-ceiling marble tile and oversized picture window overlooking the pool and outdoor living area.  The home comes equipped with a 30-year commercial-grade roof, high-impact windows and doors throughout, new HVAC, pool equipment, water heater and major appliances, designer finishes and bathrooms that feature floor to ceiling marble detailing.  Outside, the property becomes a private tropical retreat. The heated saltwater pool and screened enclosure are surrounded by lush landscaping and the expansive double lot provides exceptional privacy and space for entertaining, relaxing or enjoying the Florida lifestyle.  For the owner-user, this is a beautifully renovated and fully furnished Siesta Key home requiring little to nothing to do. For the vacation-home buyer, it offers a private escape that can generate income when not in use. For the investor, the established rental history and strong NOI create a compelling income-producing opportunity.  A rare opportunity to acquire a fully renovated, fully furnished and income-producing Siesta Key property where luxury, lifestyle and investment potential come together.  Located just blocks from Roberts Bay and less than one mile from the world-famous sands of Siesta Key Beach, the location provides convenient access to the beach, dining, shopping and everything that makes Siesta Key one of Sarasota's most desirable destinations.
Unit Size
2,450 Ft²
Days on Market
53 days
Land Size
0.25 acres
Price per sqft
$896
Property Type
House
Property Taxes
$722
HOA Dues
-
Year Built
1957

Listed By

Daniel Petrilla
KELLER WILLIAMS ON THE WATER S

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Last updated: 3 days ago (Stellar MLS #A4706036)

Price History

Date / Event Date Event Price
Nov 12, 2026 Price Decreased $2,195,000
↓ $4K (0.2%)
Price Decreased
Nov 3, 2026 Price Decreased $2,199,000
↓ $51K (2.3%)
Price Decreased
Oct 15, 2026 Price Decreased $2,250,000
↓ $20K (0.9%)
Price Decreased
Oct 8, 2026 Price Decreased $2,270,000
↓ $5K (0.2%)
Price Decreased
Sep 11, 2026 Listed by PREFERRED SHORE LLC $2,275,000
Listed by PREFERRED SHORE LLC
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Property Highlights

Air Conditioning
Fireplace
Parking Details
Has Open Parking
Parking Features: Circular Driveway, Driveway, Guest, Oversized
Interior Details
Full Bathrooms: 3
Interior Features: Built-in Features, Ceiling Fan(s), High Ceilings, Open Floorplan, Walk-In Closet(s), Accessibility Features, Eating Space In Kitchen, Kitchen/Family Room Combo, L Dining, Living Room/Dining Room Combo, Pest Guard System, Primary Bedroom Main Floor, Skylight(s), Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Thermostat
Appliances: Bar Fridge, Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range Hood, Refrigerator, Washer, Wine Refrigerator
Flooring Type: Tile
Door Features: French Doors, Sliding Doors
Laundry Features: Inside, Laundry Room
Rooms: 7
Has Fireplace
Fireplace Features: Electric, Family Room, Insert, Living Room
Exterior Details
Square Footage: 2450
Square Footage Source: $0
Security Features: Smoke Detector(s)
Property Condition: Completed
Architectural Style: Mid-Century Modern
Year Built: 1957
Building Area Total: 2886
Levels: One
Building Area Units: Square Feet
Window Features: ENERGY STAR Qualified Windows, Storm Window(s)
Construction Materials: Wood Siding, Wood Siding
Patio and Porch Features: Covered, Front Porch, Porch, Rear Porch, Screened
Pool Features: Fenced, Gunite, Heated, In Ground, Salt Water, Screen Enclosure, Tile, Lighting
Pool is Private
Lot Features: Landscaped, Level, Near Public Transit, Private, FloodZone, In County, Oversized Lot
Lot Size Area: 11066
Lot Size Units: Square Feet
Lot Size Acres: 0.25
Lot Size Square Feet: 11066
Tax Lot: 10, 11
Water Source: Public
Financial Details
Tax Annual Amount: $8,658
Lease Considered: Yes
Utilities Details
Cooling Type: Central Air, Zoned
Heating Type: Central, Electric
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1992
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 6
  • Roof Shape Type: 6
  • Roof Cover Type: 2
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 11
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 102
  • Pool Type: 8
  • Location Influence Type: 113

    Dimensions

  • Lot Size Square Feet: 11,066
  • Lot Size Depth Feet: 1,090
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,341
  • Gross Building Area: 2,341
  • Building Area: 2,341
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,341
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SIESTA BEACH
  • Land Acres: 0000000254
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: LOTS 10 & 11 BLK 21 SIESTA BEACH

Neighborhood

  • School District Name: Sarasota County School District
  • School Tax School District: L018 A055 F052
  • Census Tract: 001904

Zoning

  • Zoning: RSF2

Geography

  • Assessors Map Reference: 28A
  • Account Number: 0081070026
  • Subdivision Tract Number: 396
  • Parcel: 0081-07-0026
  • Block: 21
  • Lot: 10,11
  • Meridian: SEC 12 TWN 37S RNG 17E
  • Municipality: SARASOTA COUNTY
  • Latitude: 27.2818
  • Longitude: -82.5542

    Address

  • Full Address: 4879 Commonwealth Dr
  • Address - House Number: 4879
  • Address - Street Name: Commonwealth
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Sarasota
  • Carrier Code: C095
  • 4-Digit Zip Code: 1419
  • Zip Code: 34242

Valuation

    Tax

  • Total Area: 2,886
  • Tax Year: 2023
  • Tax Amount: $1,041,198
  • Tax Rate Code Area: 1800

    Appraisal Valuation

  • Standard Deviation: 0.0821
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 93
  • Final Value: 2,372,276
  • High Value: 2,567,227
  • Low Value: 2,177,326

    Market Valuation

  • Market Total Value: $848,400
  • Market Land Value: $623,000
  • Market Improvement Value: $225,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $848,400
  • Assessed Land Value: $623,000
  • Assessed Improvements Value: $225,400

    Sales

  • Current Sale Contract Date: Feb 10, 2023
  • Current Sale Recording Date: Feb 15, 2023
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 25312
  • Previous Sale Recording Date: Feb 16, 2022
  • Previous Sale Contract Date: Feb 15, 2022
  • Previous Sale Amount: $1,350,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Siesta Beach


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Frequently Asked Questions

When was property at 4879 Commonwealth Drive built and last sold?
The property at 4879 Commonwealth Drive was built in 1957 and last sold on Feb 10, 2023 for $1,000,000.
How much is this home worth?
The estimated value of the home located at 4879 Commonwealth Drive is $2,133,116.
What are some comparable homes to 4879 Commonwealth Drive?
There are currently no comparable homes to 4879 Commonwealth Drive.