$1,250,000

4859 Commonwealth Dr Sarasota, FL 34242

Estimated payment $7,646/month

Total Views 298
3 Beds
3 Baths
2,222 Sq Ft
$563 Price per Sq Ft

Highlights

  • Garage Apartment
  • Furnished
  • No HOA
  • Phillippi Shores Elementary School Rated A
  • Solid Surface Countertops
  • Oversized Lot

About This Home

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.

Listing Agent

Isaiah Miller

HARRY ROBBINS ASSOC INC Brokerage Phone: 941-924-8346 License #3598086 Listed on: 08/05/2025

Co-Listing Agent

Marlin Yoder

HARRY ROBBINS ASSOC INC Brokerage Phone: 941-924-8346 License #3393617

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,623

Year Built

  • Built in 1950

Lot Details

  • 0.3 Acre Lot
  • Fenced
  • Oversized Lot

Home Design

  • Triplex
  • Bi-Level Home
  • Slab Foundation
  • Built-Up Roof
  • Wood Siding
  • Concrete Siding
  • Stucco

Interior Spaces

  • 2,222 Sq Ft Home
  • Furnished
  • Built-In Features
  • Skylights
  • Sliding Doors
  • Combination Dining and Living Room
  • Storm Windows

Kitchen

  • Convection Oven
  • Microwave
  • Solid Surface Countertops

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Located Outside
  • Dryer
  • Washer

Parking

  • Garage Apartment
  • Off-Street Parking

Outdoor Features

  • Patio
  • Shed

Utilities

  • Cooling System Mounted To A Wall/Window
  • Private Sewer

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • 2,780 Sq Ft Building
  • Siesta Beach Community
  • Siesta Beach Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 3 Separate Electric Meters
  • 1 Separate Water Meter
  • Operating Expense $34,891
  • Gross Income $102,622

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,623

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Triplex
  • Construction Materials: Concrete, Stucco, Wood Siding
  • Fireplace: Yes
  • Living Area: 2222
  • Lot Size Acres: 0.3
  • New Construction: No
  • Year Built: 1950
  • Building Area Total: 2780
  • Lease Term: 6-12 Month
  • Lot Size Sq Ft: 13014
  • Directions to Property: Drive south on Midnight Pass Rd, turn right on Commonwealth Dr, drive .1 mile and property will be on the left.
  • Status: Active
  • Co List Office Mls Id: MFR281502172
  • Co List Office Phone: 941-924-8346
  • Ownership: Fee Simple
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 1046632
  • Minimum Lease: 1 Month
  • RATIO Current Price By Calculate: 562.56
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number YN: 0
  • Water Access YN: 0
  • MFR_DockYN: 0
  • Attribution Contact: 941-924-8346
  • Tax Year: 2024
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Other
  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Interior Amenities: Built-in Features, Living Room/Dining Room Combo, Solid Surface Counters
  • Appliances Included: Convection Oven, Dryer, Microwave, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: Two
  • Spa Yn: No
  • Window Features: Skylight(s), Storm Window(s)
  • Street Number Modifier: 4859
  • Additional Rooms: Garage Apartment
  • Living Area Meters: 206.43

Exterior Features

  • Other Structures: Shed(s)
  • Exterior Features: Fence, Sliding Doors, Storage
  • Roof: Built-Up
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Patio
  • Road Surface Type: Asphalt
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Date: 2024-03-27
  • Flood Zone Panel: 12115C0141G

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Off Street

Utilities

  • Utilities: Sewer Available, Water Connected
  • Cooling: Wall/Window Unit(s)
  • Heating: Ductless
  • Laundry Features: Common Area, Outside
  • Sewer: Private Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Building Name Number: TANGERINE DREAM

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: RSF2
  • Parcel Number: 0081020038
  • Additional Parcels: No
  • Lot Features: Oversized Lot, Paved
  • Flood Zone Code: AE
  • Lot Size Square Meters: 1209

Green Features

  • Green Verification Count: 0

Rental Info

  • Furnished: Furnished
  • Additional Lease Restrictions: Current owner has not had any issues renting out unit's #2 and #3 as a short-term rental. Most guests stay longer than 30+ days.

Multi Family

  • Gross Income: 102622
  • Number Of Units Total: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Water Meters: 1
  • Total Num Buildings: 2
  • Unit Count: 3

Tax Info

  • Tax Annual Amount: 9623
  • Tax Block: 21
  • Tax Book Number: 1037-423
  • Tax Lot: 4

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $9,512 $604,088 -- --
2023 $9,512 $861,300 $665,100 $196,200
2022 $8,738 $776,200 $613,700 $162,500
2021 $6,973 $502,800 $411,700 $91,100
2020 $6,207 $412,600 $319,500 $93,100
2019 $5,992 $404,900 $278,200 $126,700
2018 $6,254 $431,700 $308,200 $123,500
2017 $5,848 $358,676 $0 $0
2016 $5,480 $390,900 $252,800 $138,100
2015 $5,037 $337,300 $273,400 $63,900
2014 $4,775 $244,980 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2025 08/05/25 For Sale $1,250,000 -- $563 / Sq Ft
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- Attorney
Warranty Deed $255,000 Stewart Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $178,500 New Conventional
Source: Public Records

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See All Homes in Sarasota

Source: Stellar MLS

MLS Number: A4660321

Stellar MLS

APN: 0081-02-0038

Florida Sarasota County Sarasota 34242

4859 Commonwealth Dr, Sarasota, FL

This home is located at 4859 Commonwealth Dr, Sarasota, FL 34242 and is currently priced at $1,250,000, approximately $562 per square foot. This property was built in 1950. 4859 Commonwealth Dr is a home located in Sarasota County with nearby schools including Phillippi Shores Elementary School, Brookside Middle School, and Sarasota High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

Nearby Homes
Isaiah Miller
Listing Agent
Isaiah Miller
Section Image
HARRY ROBBINS ASSOC INC
(941) 909-8950