$1,595,000

4950 Commonwealth Drive Sarasota, FL 34242 Land - Residential Active

  • 4950 Commonwealth Drive , Sarasota, FL 34242 Main Photo

Description

Unique opportunity to own an exceptional double-lot homesite on the Grand Canal on Siesta Key. Tucked away on a quiet cul-de-sac in one of the island's most desirable waterfront neighborhoods, this expansive property offers 107 feet of canal frontage and seawall, creating an outstanding setting for your future Siesta Key residence.Located along a low-wake arm of the Grand Canal, the property offers quick boating access to Roberts Bay, while the calm, protected basin provides a peaceful and private setting for enjoying the very best of waterfront living.Ideally situated just minutes from world-famous Siesta Beach, the shops, dining, and energy of Siesta Key Village, and the vibrant cultural attractions of downtown Sarasota, this rare homesite combines tranquility, boating access, and exceptional convenience.Please note: The existing home on the property is permitted and scheduled for demolition in September 2026, offering a unique opportunity to create a custom waterfront residence on this exceptional double-lot homesite.

Property Highlights

Property Type: Land - Residential
Lot Size: 0.31 Acres
Taxes: $13,807

General Information

County: Sarasota
Subdivision: SIESTA BEACH
Listed By:
Andrew Haddad COMPASS FLORIDA LLC 941-279-3630

Property Features

Directions: From US-41, take Stickney Point Rd to Midnight Pass road to Commonwealth Drive.
Flood Zone Code: AE
Frontage Canal Salt: 107
Home Warranty Y/N: No
Listing Terms: Cash
Lot Dimensions: 0.31
Ownership: Fee Simple
Property Attached Y/N: No
Road Frontage: 100
Sewer: Public Sewer
Showing Instructions: Call Listing Agent
Special Sale Provisions: None
Special View Info: Water
Utilities: Public
Water: Public
Water Access: Canal - Saltwater
Water Access Y/N: Yes
Waterfront Features: Canal - Saltwater
Water View: Canal
Zoning: RSF2
$1,595,000
New to the Market Active
LOT SIZE 0.310 acres MLS#A4702766
STATUSActive PROPERTY TYPELand - Residential SUBDIVISIONSIESTA BEACH

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4950 Commonwealth Drive , Sarasota, FL 34242.

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Estimated Payment

$ 6,995.46 per month $5,379.67 Principal & Interest $1,150.58 Property Tax $465.21 Homeowner's Insurance

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About this area

Florida/Sarasota
Sarasota

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About Sarasota

Sarasota, FL is a cultural gem. Once home to the Ringling Brothers Circus, Sarasota boasts a rich arts scene that brings people from all over the area to enjoy world-class theater, music, and other performing arts. Sarasota is also a haven with spectacular scenery, turquoise water and white sandy beaches. It offers a delightful downtown with a variety of small boutiques and exceptional restaurants. With its dynamic culture and arts scene and incredible natural beauty, Sarasota is a wonderful place to call “home.” 

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