When was property at 522 Commonwealth Lane built and last sold?

The property at 522 Commonwealth Lane was built in 1979 and last sold on Jan 1, 1970 for $0.

How much is this home worth?

The estimated value of the home located at 522 Commonwealth Lane is $1,367,803.

What are some comparable homes to 522 Commonwealth Lane?

There are currently no comparable homes to 522 Commonwealth Lane.

Siesta Key

34242

Siesta Beach

522 COMMONWEALTH LANE

Sold on Jul 31, 2026

Map

$1,350,000

● House - Off Market

522 COMMONWEALTH LANE

SARASOTA, FL 34242

3 Beds

2 Baths, 1 Half Bath

1,990 Ft²

$7,120

Est. Monthly

About This Property

Rare Grand Canal redevelopment opportunity on Siesta Key, offered at land value. This estate-sale homesite delivers approximately 168 feet of water frontage, among the most generous on the Grand Canal, along one of the canal's widest, most open stretches, with long water views and exceptional ease of egress. Boaters enjoy quick passage to the Intracoastal Waterway and on to the Gulf, with the bridge just minutes away. On a peaceful cul-de-sac, the site pairs privacy with proximity, with a short bike ride to the powdery white sand of top-rated Siesta Key Beach. Build anew and capture full water views or renovate to your vision. While the primary value is the exceptional lot, according to the seller, water has not intruded the interior of the existing home. Sold at land value, buyer to perform all due diligence. Opportunities of this width, frontage and location on the Grand Canal are exceedingly rare.

Unit Size

1,990 Ft²

Days on Market

32 days

Land Size

0.27 acres

Price per sqft

$678

Property Type

House

Property Taxes

$491

HOA Dues

Year Built

1979

Payment Calculator

Cap Rate Calculator

Last updated: 3 months ago (Stellar MLS #A4696439)

Price History

Date / Event	Date	Event
Jul 31, 2026	Sold	Premium
Sold
Jul 3, 2026	In contract	-
In contract
Jun 6, 2026	Listed by PREMIER SOTHEBY'S INTERNATIONAL REALTY	$1,350,000
Listed by PREMIER SOTHEBY'S INTERNATIONAL REALTY

Property Highlights

Garage

Air Conditioning

With View

Building Info

Overview

General

Year Built: 1979

Effective Year Built: 1989
Building Count: 1
Total Rooms: 6
Bedroom Count: 3
Bathroom Count: 2
Full Bathrooms: 2
Partial Bathrooms: 2
Building Condition: 6
Building Quality: 5
Construction Type: 12
Building Style: 0
Exterior Walls Type: 12
Interior Walls Type: 3
Roof Shape Type: 8
Roof Cover Type: 4
Floor Count: 100
Living Units: 1
Floor Cover: 9
Basement Type: 0
Basement Area: 0
Garage Type: 1
Garage Square Area: 526
Parking Space Count: 2
Patio Type: 5
Porch Type: 102
Pool Type: 8
Location Influence Type: 27

Dimensions

Lot Size Square Feet: 11,558

Total Building Area: 2,516
Gross Building Area: 2,516
Building Area: 1,990
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 1

Heating: 3
Heated Square Feet: 1,990
Heating Fuel Type: 0

Utilities

Sewer System: 1

Water Service: 2

Building

Building Type: 0

Property Class: R
Subdivision: SIESTAS BAYSIDE WATERSIDE EAST
Land Acres: 0000000265
Standard Land Use Code: 1001
County Land Use Code: 0100
State Land Use Code: 001
Legal Description 1: LOT 35 SIESTAS BAYSIDE WATERSIDE EAST

Neighborhood

School District Name: Sarasota County School District

School Tax School District: L018 W190 A055
Census Tract: 001904

Zoning

Zoning: RSF2

Geography

Assessors Map Reference: 28A

Account Number: 0081030021
Subdivision Tract Number: 1764
Parcel: 0081-03-0021
Lot: 35
Meridian: SEC 12 TWN 37S RNG 17E
Municipality: SARASOTA COUNTY
Latitude: 27.2827
Longitude: -82.5576

Address

Full Address: 522 Commonwealth Ln

Address - House Number: 522
Address - Street Name: Commonwealth
Address - Suffix Type: Ln
State: FL
City Name: Sarasota
Carrier Code: C095
4-Digit Zip Code: 1246
Zip Code: 34242

Valuation

Tax

Total Area: 3,028

Tax Year: 2023
Tax Amount: $549,344
Tax Rate Code Area: 1892

Appraisal Valuation

Standard Deviation: 0.1754

Valuation Date: Jan 10, 2024
Confidence Score: 77
Final Value: 1,648,385
High Value: 1,937,673
Low Value: 1,359,096

Open Liens

Total Open Liens:

Premium

Total Open Liens Amount:

Premium
First Open Lien Mortgage Lender:

Premium
First Open Lien Mortgage Recording Date:

Premium
First Open Lien Mortgage Financing Type:

Premium
First Open Lien Mortgage Loan Amount:

Premium
First Open Lien Mortgage Term:

Premium
First Open Lien Mortgage Position:

Premium
First Open Lien Mortgage Loan Type:

Premium

Market Valuation

Market Total Value: $1,584,100

Market Land Value: $1,324,900
Market Improvement Value: $259,200

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $462,428

Exemptions

Widow Exemption: Yes

Homeowner Exemption: Yes

Data used for valuation calculations is provided by RealtyHop, and other third party sources

Request mortgage information redaction

Comparables

About Siesta Beach

Stats & Trends

Median Asking:

$1,995,000

Sale Price/ft²

$810

Below Asking

0.02%

Average Days on Market

104

Average Home Size

2517 ft²

Average Home Age

41.3 years

Currently For Sale

14 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 1195 Coquille Street, FL, 34242

$8,500 /mo

2 Beds
2 Baths
1,455 ft²

1195 Coquille Street #309, FL, 34242 Listing by Anna Fattore

Unit for rent at 5400 Ocean Boulevard, SARASOTA, FL, 34242

$6,000 /mo

1 Bed
1 Bath
928 ft²

5400 Ocean Boulevard #53, SARASOTA, FL, 34242 Listing by Alex Lane

Unit for rent at 4830 Higel Avenue, SARASOTA, FL, 34242

$6,500 /mo

2 Beds
2 Baths
1,724 ft²

4830 Higel Avenue, SARASOTA, FL, 34242 Listing by Toyia Youtzy

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Karen Whitaker
PREMIER SOTHEBY'S INTERNATIONAL REALTY
Last Updated: 3 months ago
Data Source: Stellar MLS, MLS# A4696439

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

522 COMMONWEALTH LANE

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Zoning

Geography

Valuation

Comparables

About Siesta Beach

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions