LKV Realty
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$990,000
$5,000Reward *
4859 COMMONWEALTH Drive, Sarasota, FL 34242Listing ID A4660321

4859 COMMONWEALTH Drive, Sarasota, FL 34242

Active
SIESTA BEACH
Time on site: 373 daysLast updated: Jan 23, 2026
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
Triplex
Bedrooms
Bedrooms
3
Bathrooms
Bathrooms
3
Square Feet
Square Feet
2,780
Acres
Acres
0.3
Days on Site
Days on Site
373
Cooling
Cooling
Wall/Window Unit(s), Ceiling Fan(s)
Heating
Heating
Electric, Window Unit, Wall Furnace
Year Built
Year Built
1950
Stories
Stories
2
Parking
Parking
Off Street

INCOME-GENERATING TRIPLEX JUST MINUTES FROM WORLD-FAMOUS SIESTA KEY BEACH! Located in the desirable Siesta Beach neighborhood on Siesta Key, this opportunity to own Tangerine Dream offers incredible potential for investors, vacation rental owners, or anyone seeking a coastal lifestyle with income potential. This well-maintained triplex features three individual 1-bedroom, 1-bath units, totaling 2,222 of living square feet on a spacious 13,014 sq ft lot. Constructed in 1950, the property has been thoughtfully updated over the years including; a new roof, all new impact windows, and a new breaker system in 2019. A detached storage shed, provides extra space for storage or beach gear. Perfectly situated just half a mile from the powdery white sands of Siesta Key Beach, consistently ranked America’s #1 Beach. The location is walkable and bike-friendly, with convenient access to Siesta Village’s shopping, dining, and nightlife. Other nearby attractions include Turtle Beach offering endless opportunities for outdoor recreation like kayaking and paddleboarding. Positioned within a golf cart-friendly zone and free from HOA or deed restrictions, this property offers outstanding flexibility and strong short- and long-term rental potential. Whether you're an Airbnb or vacation rental investor seeking prime coastal cash flow, a multifamily buyer planning to live in one unit while renting the others, or a developer with an eye for redevelopment in a high-demand beachside area, this property checks every box. Don’t miss this rare income-producing gem near Siesta Key Beach with limitless potential.

Property Information

Property Details

Location

Address
4859 COMMONWEALTH Drive
County
Sarasota
City
Sarasota
Zip Code
34242
Subdivision
SIESTA BEACH
MLS Area
34242 - Sarasota/Crescent Beach/Siesta Key

Interior Features

Beds and Baths

Bedrooms
3

Building

Building Information

Square Feet
2,780
Year Built
1950
Stories
2
Construction
Block, Wood Frame
Foundation
Slab
Roof
Membrane
Condition
New Construction

Financial

Special Conditions
None

Property Taxes

Tax Annual Amount
$9,623
Tax Year
2024
HARRY ROBBINS ASSOC INC, (941) 924-8346

Market Report for 34242

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: Stellar MLS
Stellar MLS logo

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.

For corrections to this data please contact Brytecore MLS Support.

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