4950 COMMONWEALTH DRIVE Sarasota, FL $ 1,595,000
4950 COMMONWEALTH DRIVE
$ 1,595,000
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4950 COMMONWEALTH DRIVE

Sarasota, FL, 34242
$ 1,595,000
Baths0.0

Monthly Estimate*

$ 10,071

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Studio

Lots and Land for sale in Sarasota, FL

for $1,595,000. The lot size is 0.31.

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.

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Lots and Land Active

Price

$ 1,595,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 13,807

Style

Lot Size

0.31

Town/City

Sarasota

County/Region

Sarasota

MLS | Web ID

A4702766

Features
General
Sewer Public Sewer
Utilities Public
Zoning RSF2
View Water
Tax Year 2025
Current Use Residential
Ownership Fee Simple
Waterfront Features Canal - Saltwater
County Sarasota
Property Type Land
Subdivision Name SIESTA BEACH
Status Active
Directions From US-41 take Stickney Point Rd to Midnight Pass road to Commonwealth Drive.
City SARASOTA
MLS Area 34242 - Sarasota/Crescent Beach/Siesta Key
Lot Size Units Square Feet
Lot Size Square Feet 13334
Listing Terms Cash
Tax Annual Amount 13807
Additional Parcels Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/stellar/A4702766
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 21
Legal Description LOTS 21 & 22 BLK 22 SIESTA BEACH
Water View Canal
Water Access Type Canal - Saltwater
Water Access Y/N true
Water View Y/N true
Flood Zone Code AE
DockY/N true
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Interior
Total Baths 0
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Exterior
Water Source Public
Lot Size Area 13334
Lot Dimensions 111 x 106 x 113 x 100
Lot Size Acres 0.31
Road Surface Type Asphalt
Waterfront Y/N true
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* Excluded Features
List By
Compass Florida Llc

Broker

andrew.haddad@compass.com

Email

Affordability Calculator

$11,222
Per Month
90%
10%
0%
Monthly Principal & Interest
$10,071
Monthly Property Taxes
$1,151
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
Pricing History
DatePricePrice ChangeDescription
9/3/2026$1,595,000 Listed Price

Map


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4950 COMMONWEALTH DRIVE, Sarasota, FL, 34242 is a Lots and Land for sale at $1,595,000 with a lot size of 0.31. 4950 COMMONWEALTH DRIVE is a studio with 0.0 baths. The property's zip code is 34242 which is in Sarasota, FL