4859 COMMONWEALTH DRIVE Sarasota, FL $ 1,100,000
4859 COMMONWEALTH DRIVE
$ 1,100,000
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4859 COMMONWEALTH DRIVE

Sarasota, FL, 34242
$ 1,100,000
Bedrooms3 Baths3.0 Sq 2,222

Monthly Estimate*

$ 6,863

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Multi-Family Home for sale in Sarasota, FL

for $1,100,000 with 3 bedrooms and 3 full baths. This 2,222 square foot home was built in 1950 on a lot size of 0.3.

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.

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Multi-Family Active

Price

$ 1,100,000

Bedrooms

3

Full Bath

3

Property Type

Multi-Family

Taxes

$ 9,623

Style

Triplex

Lot Size

0.3

Year Built

1950

Town/City

Sarasota

County/Region

Sarasota

MLS | Web ID

A4660321

Features
Interior
Interior Amenities built-in features ceiling fan(s) living room/dining room combo skylight(s) stone counters
Flooring carpet ceramic tile
Furnished Y/N turnkey
Fireplace Features living room wood burning
Air Conditioning Y/N yes
Heating Y/N yes
Window Features blinds double pane windows insulated windows low-emissivity windows thermal windows
Fireplace Y/N yes
Laundry Features common area laundry room outside
Total Bedrooms 3
Total Baths 3
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General
Sewer public sewer
Heating electric wall units / window unit
Cooling wall/window unit(s)
Utilities cable available public sewer connected underground utilities water connected
Possession close of escrow
Roof membrane
Appliances dishwasher dryer microwave range range hood refrigerator washer
Zoning rsf2
Patio/Porch Features covered patio porch
Security Features smoke detector(s)
Construction Materials block wood frame
Pets Allowed no
Year Built 1950
Tenant Pays electricity
Levels two
Property Subtype triplex
Tax Year 2024
Ownership fee simple
Gross Income 102622
County sarasota
New Construction no
Property Type residential income
HOA N
Subdivision Name siesta beach
Garage Y/N no
Other Structures shed(s)
Status active
Directions drive south on midnight pass rd turn right on commonwealth dr drive .1 mile and property will be on the left.
City sarasota
Senior Community Y/N no
Number Of Units Total 3
MLS Area 34242 - sarasota/crescent beach/siesta key
Lot Size Units square feet
Lot Size Square Feet 13014
Carport Y/N no
Listing Terms cash conventional fha
Land Lease Y/N no
Tax Annual Amount 9623
Property Condition completed
Ok to Lease >6 months <12
Additional Parcels Y/N no
Lease Considered Y/N yes
Virtual Tour https://www.propertypanorama.com/instaview/stellar/a4660321
Building Area Units square feet
Living Area Units square feet
Standard Status active
Occupancy Type tenant
Tax Lot 4
Legal Description th s 1/2 of lot 4 & all of lot 5 & nwly 25 ft of lot 6 blk 21 siesta beach
Minimum Lease 1 month
Water Access Y/N no
Additional Rooms garage apartment
Water View Y/N no
Flood Zone Code ae
DockY/N no
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Exterior
Exterior Amenities fenced outdoor grill rain gutters sliding doors storage
Parking Features ground level off street
Lot Features oversized lot
Water Source public
Lot Size Area 13014
Foundation Details slab
Number of Buildings 2
Spa no
Building Area Total 2780
Lot Size Acres 0.3
Road Surface Type paved asphalt
Private Pool no
Waterfront Y/N no
Number of Separate Water Meters 1
Number of Separate Electric Meters 3
Road Frontage Type street paved
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Internal Only
Street Number 1 4859
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* Excluded Features
List By
Harry Robbins Assoc Inc

Broker

Isaiah@RobbinsResidential.com

Email

Affordability Calculator

$7,664
Per Month
90%
10%
0%
Monthly Principal & Interest
$6,863
Monthly Property Taxes
$802
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
266288 Elementary School
265661 Middle School
Unknown High School High School
Pricing History
Date Price Price Change Description
11/1/2025 $1,100,000 -12.00% Price Down
8/6/2025 $1,250,000 Listed Price

Map


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4859 COMMONWEALTH DRIVE, Sarasota, FL, 34242 is a Multi-Family Home for sale at $1,100,000 with 2,222 sqft and a lot size of 0.3. 4859 COMMONWEALTH DRIVE has 3 bedrooms, 3.0 baths, and was built in 1950. The property's zip code is 34242 which is in Sarasota, FL