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5019 Commonwealth Drive

SARASOTA, FL 34242

– beds
– baths
– sqft
11,330 sqft lot
– on site

A Rare Build Opportunity on Siesta Key! Located on one of Siesta Key’s most beloved streets, this .26-acre lot on Commonwealth Drive presents a unique opportunity to build new in an established, multi-million-dollar neighborhood. Surrounded by lush, mature landscaping and a peaceful, community-focused setting, the lot offers the ideal backdrop for your vision—whether you’re seeking a full-time residence, vacation retreat, or long-term investment. The existing cottage, which holds no contributory value due to hurricane flooding, creates a true blank slate for new construction. As an added benefit, this property is being offered with the option to build a thoughtfully designed custom home by Yoder Construction. The proposed plan, The Oceana, is part of an exclusive ISLAND SERIES, developed with sustainability and the unique coastal conditions of Siesta Key in mind. Buyers may choose to build this elevated 2,735-square-foot home, or collaborate with the builder on a personalized design through the available design center. Commonwealth Drive is ideally located just minutes from the powdery sands of Siesta Key Beach and the vibrant charm of Siesta Village, with its shops, restaurants, and island lifestyle. Opportunities to build new in this highly sought-after location are increasingly rare. To explore this offering further, request details on the optional build package, and schedule a walk of the lot.

Listing courtesy of STELLAR_MLS / WILLIAM RAVEIS REAL ESTATE

Last checked: Checking… • Last updated Apr 12, 2025 •

MLS# A4648656 —

This property is listed in more than one place. See it here.

The Building

Building Area Units:

Square Feet

Room Dimensions

Living Area Units:

Square Feet

Location

Directions:

Exit 207- Take Bee Ridge Rd west towards Siesta Key for 4 miles. Turn left onto Midnight Pass Rd. Continue over the South Bridge and turn left onto Midnight Pass Rd. Turn left ono Commonwealth Drive. The property will be on your left. Enjoy the scenic drive through Siesta Key.
Latitude:

27.279336
Longitude:

-82.552354
Coordinates:

-82.552354, 27.279336

The Property

Parcel Number:

0081100023
Property Type:

Land
Lot Size Acres:

0.26
Lot Size Area:

11330
Lot Size SqFt:

11330
Lot Size Dimensions:

60 x 134 x 60 x 138
Lot Size Units:

Square Feet
Total Acres:

1/4 to less than 1/2
Zoning:

RSF2
Current Use:

Residential
Direction Faces:

East
View:

false
Vegetation:

Mature Landscaping
Water Source:

Public
Road Surface Type:

Paved
Flood Zone Code:

AE
Flood Zone Panel:

12115C0143G
Additional Parcels:

false
Price Per Acre:

3365385

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Lot:

33
Tax Block:

21
Tax Legal Description:

NWLY 2 FT OF LOT 33 ALL OF LOT 32 & THAT PART OF LOT 31 DESC AS BEG AT SWLY COR OF LOT 31 TH N 51-20-50 E 136.05 FT TO SELY COR OF SAID LOT 31 TH N 41-55-09 W 23 FT TO A POINT ON NELY BDRY OF
Tax Book Number:

1037-423
Tax Annual Amount:

$9,513

The Listing

Virtual Tour URL Unbranded:

https://www.propertypanorama.com/instaview/stellar/A4648656
Special Listing Conditions:

None

Utilities

Utilities:

Cable Available
Sewer:

Public Sewer

Schools

Elementary School:

Phillippi Shores Elementary
Middle Or Junior School:

Brookside Middle
High School:

Sarasota High

The Community

Subdivision Name:

SIESTA BEACH
Waterview:

false
Water Access:

false
Waterfront:

false
Association:

false
Ownership:

Fee Simple

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Max Internet Speed

Frontier

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
4/11/25 Apr 11, 2025	Listed / Active	STELLAR_MLS	$875,000	-12.5% (-7.4% / YR)
8/8/23 Aug 8, 2023		STELLAR_MLS	$1,000,000	0.5%
6/28/23 Jun 28, 2023		STELLAR_MLS	$995,000

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This land located in Siesta Beach, Siesta Key, FL 34242 is currently for sale for $875,000. 5019 Commonwealth Drive is a – square foot land with – beds and – baths that has been on Estately for 35 days. 5019 Commonwealth Drive is in the Siesta Beach neighborhood of Siesta Key and has a WalkScore® of 3, making it car-dependent. This land is in the attendance area of Phillippi Shores Elementary School, Sarasota High School, and Brookside Middle School.

Listing Courtesy of: STELLAR_MLS and WILLIAM RAVEIS REAL ESTATE.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2025.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.