Price Reduced 75.14%
Price History
$2,554,250
11/24/2024
$675,000
3/10/2026
$635,000
4/28/2026
5019 COMMONWEALTH DRIVE, Siesta Key, FL, 34242
9 rooms
2 beds
1 Full baths
1955
Cottage
1,373 sqft
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. 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.
Status:
Active
Type:
Single-family residential
Laundry Remarks:
Electric Dryer Hookup, Inside, Laundry Room, Other, Washer Hookup
Subdivision:
SIESTA BEACH
Heating:
Central
Cooling:
Central Air
Levels:
1
Lot Size:
50 x 135
Acreage:
0.26
Est. Taxes:
$6,363
Construction
Wood Frame
Utilities
Cable Available, Electricity Available, Natural Gas Available, Other, Public, Sewer Connected, Street Lights, Water Available
Lot Description:
Flood Insurance Required, FloodZone, Landscaped, Level, Oversized Lot, Private
View Description:
Garden, Trees/Woods
Elementary School:
Phillippi Shores Elementary
Middle School:
Brookside Middle
High School:
Sarasota High
Days on Market:
484
Pet Allowed:
Yes
Appliances:
Built-In Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, None
Min Lease Term:
1 Month
MLS #:
A4630299