579 COMMONWEALTH LANE Sarasota, FL $ 5,500,000
579 COMMONWEALTH LANE
$ 5,500,000
New Construction
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579 COMMONWEALTH LANE

Sarasota, FL, 34242
$ 5,500,000
Bedrooms5 Baths5.1 Sq 4,508

Monthly Estimate*

$ 33,864

579 COMMONWEALTH LANE, Sarasota, FL 34242 - Image 1
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Single Family Home for sale in Sarasota, FL

for $5,500,000 with 5 bedrooms and 5 full baths, 1 half bath. This 4,508 square foot home was built in 2026 on a lot size of 0.26.

Pre-Construction. To be built. Welcome to a world where every day feels like an escape to Paradise! This meticulously crafted 4,500 sq. ft. residence on Siesta Key blends contemporary architecture with earth tones, rich natural materials, and an undeniable sense of calm—evoking the ambiance of a private luxury retreat. Designed for both serenity and spectacle, the home features 5 spacious ensuite bedrooms and 5.5 baths, each curated with refined finishes and organic textures. The design leans into warmth—stones, layered woods, soft organic tones, and a sense of ease that feels more high-end boutique resort than new construction. An airy, open-concept living space flows seamlessly to the outdoors, where the amenities rival a five-star resort. Enjoy a fully outfitted outdoor kitchen, a stunning sunken firepit, and generous covered lounging and dining spaces overlooking the water. Whether you’re hosting sunset celebrations or savoring quiet mornings off the canal, every moment feels like an experience. Wellness enthusiasts will appreciate the private home gym, while boating lovers will relish the canal access and dock, offering quick passage to the Intracoastal and beyond. Boat weight capacity is 12,000 lbs (with no low bridges in the way). This home has the feel of a luxury resort, but with a warmth and simplicity that makes it easy to imagine living here every day. Construction is underway, and it’s one of those rare opportunities where you can secure the lifestyle before the final touches are even complete. Live where luxury feels natural. Live where every day feels like vacation.?Welcome to your future on Siesta Key.

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Single Family Active

Price

$ 5,500,000

Bedrooms

5

Full Bath

5

Half Bath

1

Property Type

Single Family

Taxes

$ 6,455

Style

Single Family Residence

Lot Size

0.26

Year Built

2026

Town/City

Sarasota

County/Region

Sarasota

MLS | Web ID

A4672499

Features
General
Sewer Public Sewer
Heating Electric
Cooling Central Air
Utilities Electricity Available
Roof Metal
Appliances Dishwasher Electric Water Heater Wine Refrigerator
Zoning RSF2
Garage Spaces 3
Pool Features Heated Salt Water
Construction Materials Block
Pets Allowed Cats OK Dogs OK
Year Built 2026
Levels Two
Property Subtype Single Family Residence
Tax Year 2024
Ownership Fee Simple
Waterfront Features Canal - Saltwater
County Sarasota
New Construction true
Property Type Residential
Attached Garage true
Subdivision Name SIESTAS BAYSIDE WATERSIDE EAST
Facing Direction East
Garage Y/N true
Total Rooms 7
Full Baths 5
Status Active
Directions From Midnight Pass EAST ON Commonwealth
City SARASOTA
Senior Community Y/N false
MLS Area 34242 - Sarasota/Crescent Beach/Siesta Key
Lot Size Units Square Feet
Lot Size Square Feet 11304
Carport Y/N false
Land Lease Y/N false
Tax Annual Amount 6455.89
Property Condition Pre-Construction
Additional Parcels Y/N false
Lease Considered Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/stellar/A4672499
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Vacant
Tax Lot 29
Legal Description LOT 29 SIESTAS BAYSIDE WATERSIDE EAST
Water Access Type Canal - Saltwater
Minimum Lease 1 Month
Water Access Y/N true
Water View Y/N false
Flood Zone Code AE
DockY/N true
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Interior
Interior Amenities Living Room/Dining Room Combo Open Floorplan
Flooring Tile Hardwood
Furnished Y/N Negotiable
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Half Baths 1
Laundry Features Inside
Total Bedrooms 5
Total Baths 6
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Exterior
Exterior Amenities Fire Pit Outdoor Kitchen Outdoor Shower
Water Source Public
Lot Size Area 11304
Foundation Details Block
Building Area Total 6000
Lot Size Acres 0.26
Road Surface Type Concrete
Private Pool true
Waterfront Y/N true
Covered Spaces 3
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* Excluded Features
List By
Compass Florida Llc

Broker

Tina.Ellis@compass.com

Email

Affordability Calculator

$34,402
Per Month
98%
2%
0%
Monthly Principal & Interest
$33,864
Monthly Property Taxes
$538
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/19/2025$5,500,000 Listed Price

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579 COMMONWEALTH LANE, Sarasota, FL, 34242 is a Single Family Home for sale at $5,500,000 with 4,508 sqft and a lot size of 0.26. 579 COMMONWEALTH LANE has 5 bedrooms, 5.1 baths, and was built in 2026. The property's zip code is 34242 which is in Sarasota, FL