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522 COMMONWEALTH LANE Sarasota, FL $ 1,350,000
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522 COMMONWEALTH LANE
$ 1,350,000
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522 COMMONWEALTH LANE

Sarasota, FL, 34242
$ 1,350,000
Bedrooms3 Baths2.1 Sq 1,990

Monthly Estimate*

$ 8,524

522 COMMONWEALTH LANE, Sarasota, FL 34242 - Image 1
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522 COMMONWEALTH LANE, Sarasota, FL 34242 - Image 8
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522 COMMONWEALTH LANE, Sarasota, FL 34242 - Image 10

Single Family Home for sale in Sarasota, FL

for $1,350,000 with 3 bedrooms and 2 full baths, 1 half bath. This 1,990 square foot home was built in 1979 on a lot size of 0.27.

Rare GRAND CANAL redevelopment opportunity on Siesta Key, offered at land value. This estate-sale homesite delivers approximately 168 feet of water frontage — among the most generous on the Grand Canal — along one of the canal's widest, most open stretches, with long water views and exceptional ease of egress. Boaters enjoy quick passage to the Intracoastal Waterway and on to the Gulf, with the bridge just minutes away. Tucked on a peaceful cul-de-sac, the site pairs privacy with proximity: a short bike ride to the powdery white sand of top-rated Siesta Key Beach. Build anew and capture full water views, or renovate to your vision. While the primary value is the exceptional lot, per seller, water has not intruded the interior of the existing home. Sold at land value, buyer to perform all due diligence. Opportunities of this width, frontage, and location on the Grand Canal are exceedingly rare.

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Single Family Active

Price

$ 1,350,000

Bedrooms

3

Full Bath

2

Half Bath

1

Property Type

Single Family

Taxes

$ 5,889

Style

Mediterranean

Lot Size

0.27

Year Built

1979

Town/City

Sarasota

County/Region

Sarasota

MLS | Web ID

A4696439
Features
General
Sewer Public Sewer
Heating Electric
Cooling Central Air
Utilities Electricity Connected
Roof Tile
Appliances None
Zoning RSF2
Garage Spaces 2
Patio/Porch Features Front Porch Patio
Architectural Style Mediterranean
Pool Features Gunite
Construction Materials Stucco
Year Built 1979
View Water
Levels One
Property Subtype Single Family Residence
Tax Year 2025
Ownership Fee Simple
Waterfront Features Canal - Brackish Canal Front
County Sarasota
New Construction false
Property Type Residential
Attached Garage true
Subdivision Name SIESTAS BAYSIDE WATERSIDE EAST
Facing Direction Northeast
Garage Y/N true
Total Rooms 10
Full Baths 2
Status Active
Directions On Siesta Key take Midnight Pass Road south to Commonwealth Drive. West on Commonwealth drive to Commonwealth Lane. North or right to the home at the end of the cul-de-sac.
City SARASOTA
Body of Water GRAND CANAL
Senior Community Y/N false
MLS Area 34242 - Sarasota/Crescent Beach/Siesta Key
Lot Size Units Square Feet
Lot Size Square Feet 11558
Carport Y/N false
Listing Terms Cash Conventional
Property Attached Y/N false
Land Lease Y/N false
Tax Annual Amount 5889
Additional Parcels Y/N false
Lease Considered Y/N true
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Vacant
Tax Lot 35
Legal Description LOT 35 SIESTAS BAYSIDE WATERSIDE EAST
Water View Canal
Water Access Type Canal - Brackish Canal - Saltwater
Minimum Lease 1 Month
Water Access Y/N true
Water View Y/N true
Flood Zone Code AE
DockY/N false
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Interior
Interior Amenities Primary Bedroom Main Floor
Flooring Ceramic Tile
Furnished Y/N Unfurnished
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Half Baths 1
Laundry Features Laundry Room
Total Bedrooms 3
Total Baths 3
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Exterior
Exterior Amenities Sidewalk
Vegetation Mature Landscaping
Parking Features Driveway Ground Level
Lot Features Cul-De-Sac
Water Source Canal/Lake For Irrigation
Lot Size Area 11558
Foundation Details Block
Spa false
Building Area Total 3028
Lot Size Acres 0.27
Road Surface Type Paved
Frontage Length Canal: 168
Private Pool true
Waterfront Y/N true
Covered Spaces 2
Road Responsibility Public Maintained Road
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* Excluded Features
List By
Premier Sotheby's International Realty

Broker

Affordability Calculator

$9,015
Per Month
95%
5%
0%
Monthly Principal & Interest
$8,524
Monthly Property Taxes
$491
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/29/2026$1,350,000 Listed Price

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522 COMMONWEALTH LANE, Sarasota, FL, 34242 is a Single Family Home for sale at $1,350,000 with 1,990 sqft and a lot size of 0.27. 522 COMMONWEALTH LANE has 3 bedrooms, 2.1 baths, and was built in 1979. The property's zip code is 34242 which is in Sarasota, FL

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