LKV Realty
Logo
$600,000
$3,400Reward *
5019 COMMONWEALTH Drive, Sarasota, FL 34242Listing ID A4648656

5019 COMMONWEALTH Drive, Sarasota, FL 34242

Active
SIESTA BEACH
Time on site: 488 daysLast updated: May 22, 2026
Property Type
Property Type
Land
Property Sub Type
Property Sub Type
Residential
Acres
Acres
0.26
Days on Site
Days on Site
488

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!

Property Information

Property Details

Location

Address
5019 COMMONWEALTH Drive
County
Sarasota
City
Sarasota
Zip Code
34242
Subdivision
SIESTA BEACH
High School
Sarasota High
Elementary School
Phillippi Shores Elementary
MLS Area
34242 - Sarasota/Crescent Beach/Siesta Key

Financial

Special Conditions
None

Property Taxes

Tax Annual Amount
$9,513
Tax Year
2024
WILLIAM RAVEIS - FLORIDA LLC, (941) 867-3901

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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