by Global Lifestyle Properties

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Siesta Key 34242 Siesta Beach
5019 COMMONWEALTH DRIVE
$600,000
● Land - For Sale

5019 COMMONWEALTH DRIVE

SARASOTA, FL 34242
bedrooms
Studio
bathrooms
0 Bath
$3,739
Est. Monthly

About This Property

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 or the builder of your choice. 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. Key!
Unit Size
-
Days on Market
542 days
Land Size
0.26 acres
Price per sqft
-
Property Type
Land
Property Taxes
$793
HOA Dues
-
Year Built
1955

Listed By

Dawn Bear
KEY SOLUTIONS REAL ESTATE GRP

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Last updated: 5 months ago (Stellar MLS #A4648656)

Price History

Date / Event Date Event Price
Jul 16, 2026 Sold
Sold
Jun 1, 2026 In contract -
In contract
May 23, 2026 Price Decreased $600,000
↓ $35K (5.5%)
Price Decreased
Apr 28, 2026 Price Decreased $635,000
↓ $39K (5.8%)
Price Decreased
Apr 17, 2026 Price Decreased $674,000
↓ $1K (0.2%)
Price Decreased
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Property Highlights

Exterior Details
Building Area Units: Square Feet
Lot Size Area: 11330
Lot Size Units: Square Feet
Lot Size Acres: 0.26
Lot Size Square Feet: 11330
Lot Size Dimensions: 60 x 134 x 60 x 138
Tax Lot: 33
Water Source: Public
Financial Details
Tax Annual Amount: $9,513
Utilities Details
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 312
  • Parking Space Count: 1
  • Patio Type: 69
  • Porch Type: 102
  • Pool Type: 0
  • Location Influence Type: 113

    Dimensions

  • Lot Size Square Feet: 11,330
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,363
  • Gross Building Area: 1,363
  • Building Area: 1,363
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,363
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SIESTA BEACH
  • Land Acres: 0000000260
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: NWLY 2 FT OF LOT 33 ALL OF LOT 32 & THAT PART OF LOT 31 DESC AS BEG AT SWLY COR OF LOT 31 TH N 51-20-50 E 136.05 FT TO SELY COR OF SAID LOT 31 TH N 41-55-09 W 23 FT TO A POINT ON NELY BDRY OF

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: 0081100023
  • Subdivision Tract Number: 396
  • Parcel: 0081-10-0023
  • Block: 21
  • Lot: 31-33
  • Meridian: SEC 12 TWN 37S RNG 17E
  • Municipality: SARASOTA COUNTY
  • Latitude: 27.2793
  • Longitude: -82.5524

    Address

  • Full Address: 5019 Commonwealth Dr
  • Address - House Number: 5019
  • Address - Street Name: Commonwealth
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Sarasota
  • Carrier Code: C095
  • 4-Digit Zip Code: 1449
  • Zip Code: 34242

Valuation

    Tax

  • Total Area: 1,874
  • Tax Year: 2023
  • Tax Amount: $371,488
  • Tax Rate Code Area: 1800

    Appraisal Valuation

  • Standard Deviation: 0.1754
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 77
  • Final Value: 1,155,186
  • High Value: 1,357,919
  • Low Value: 952,453

    Market Valuation

  • Market Total Value: $820,400
  • Market Land Value: $628,700
  • Market Improvement Value: $191,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $319,937

    Sales

  • Current Sale Contract Date: Aug 08, 2023
  • Current Sale Recording Date: Aug 08, 2023
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 124544
  • Previous Sale Recording Date: Jun 28, 2010
  • Previous Sale Contract Date: Jun 25, 2010
  • Previous Sale Amount: $382,500
  • 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 5019 Commonwealth Drive built and last sold?
The property at 5019 Commonwealth Drive was built in 1955 and last sold on Aug 8, 2023 for $1,000,000.
How much is this home worth?
The estimated value of the home located at 5019 Commonwealth Drive is $606,000.
What are some comparable homes to 5019 Commonwealth Drive?
There are currently no comparable homes to 5019 Commonwealth Drive.