$605,000
$120K PRICE DROP

4959 Commonwealth Dr Sarasota, FL 34242

Estimated payment $3,999/month

Total Views 7,086
4 Beds
2 Baths
1,791 Sq Ft
$338 Price per Sq Ft

Highlights

  • Open Floorplan
  • Living Room
  • Tile Flooring
  • Phillippi Shores Elementary School Rated A
  • Entrance Foyer
  • Dining Room

About This Home

Incredible Investment Opportunity on Siesta Key! Welcome to 4959 Commonwealth Drive, an exceptional property offering endless possibilities in one of Florida's most desirable coastal communities. This hurricane-damaged home has already undergone professional mold remediation and is ready for your vision - whether you're dreaming of a full renovation or starting fresh with new construction. Key Features: Zoned two-family residential - perfect for multi-generational living or rental income Separate mother-in-law suite for added flexibility 4 bedrooms | 2 bathrooms | 2 kitchens Includes multiple appliances Durable metal roof Before-and-after hurricane photos available for reference Situated among million-dollar homes and just minutes from Siesta Key Beach, this property offers an unbeatable location. Priced below land value, it's a rare chance to create your dream island retreat or transform it into a high-income vacation rental. Don't miss out on this exclusive opportunity to own a slice of paradise on Siesta Key.

Listing Agent

Geri Scheckner

Bright Realty Listed on: 07/10/2025

Bright Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,297

Year Built

  • Built in 1958

Lot Details

  • 0.29 Acre Lot

Interior Spaces

  • 1,791 Sq Ft Home
  • Open Floorplan
  • Entrance Foyer
  • Family Room
  • Living Room
  • Dining Room
  • Tile Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Community Details

  • Siesta Beach Community

Listing and Financial Details

  • Absolute Auction

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,297

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Directions To Property: From North bridge to Siesta Key take Midnight Pass Rd to the left as it splits at Higel and follow down about a mile just over the bridge. Take a right onto Commonwealth. Go to 4959 Commonwealth.
  • FloorTile: Yes
  • HamletID: 0
  • InteriorAmps: 0
  • IsAbsoluteAuction: Yes
  • IsOnlineOnlyAuction: Yes
  • LandFrontageInFeet: 0
  • LandRentAmount: 0
  • LastPriceValue: 604777
  • Lot Size Acres: 0.29
  • Number Of Stories: 0
  • PercentageOfTaxThatIsDeductable: 0
  • PropertyCity: Sarasota
  • Property Class: 210
  • Prop. Type: House (Detached)
  • PropertyZipCode: 34242
  • PropertyZoneType: 0
  • Renovation Year: 0
  • Dining Room: Yes
  • Family Room: Yes
  • Foyer: Yes
  • SForSaleAndRForRental: S
  • USStateAbbreviation: FL
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • BasementAreaSquareFootage: 0
  • Kitchen Type: Open
  • Fireplaces: 0
  • Number of Rooms: 0
  • Living Room: Yes
  • AboveArea Sq Ft: 1791

Garage/Parking

  • AttachedParking: 0
  • Numberof Garage Spaces: 0

Utilities

  • Utilities: 0

Condo/Co-op/Association

  • HOA Fees: 0
  • Units in Building: 0

Schools

  • School District: 000000
  • School District: 000000

Lot Info

  • Number Of Lots: 0

Multi Family

  • Unit Number of Bedrooms: 4
  • Total Taxes: 0

Tax Info

  • Tax Year: 0

Map

Range of Values:

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Average Value
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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 $9,297 $758,300 $699,400 $58,900
2023 $9,297 $776,400 $656,900 $119,500
2022 $8,601 $713,100 $606,100 $107,000
2021 $3,946 $344,575 $0 $0
2020 $3,971 $339,818 $0 $0
2019 $4,831 $354,400 $274,000 $80,400
2018 $5,187 $384,400 $304,000 $80,400
2017 $2,553 $205,406 $0 $0
2016 $2,549 $339,000 $249,100 $89,900
2015 $2,572 $393,500 $317,600 $75,900
2014 $2,561 $195,268 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2025 09/13/25 Price Changed $605,000 0.0% $338 / Sq Ft
09/10/2025 09/10/25 Price Changed $604,777 +21.0% $338 / Sq Ft
08/02/2025 08/02/25 Price Changed $500,000 -16.7% $279 / Sq Ft
07/31/2025 07/31/25 Price Changed $599,999 0.0% $335 / Sq Ft
07/28/2025 07/28/25 Price Changed $600,000 -17.2% $335 / Sq Ft
07/10/2025 07/10/25 For Sale $725,000 -- $405 / Sq Ft
Source: My State MLS

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $487,500 New Conventional
Closed $314,000 New Conventional
Closed $825,000 Reverse Mortgage Home Equity Conversion Mortgage
Closed $601,400 Reverse Mortgage Home Equity Conversion Mortgage
Closed $25,000 Credit Line Revolving
Closed $254,355 Credit Line Revolving
Closed $15,000 New Conventional
Source: Public Records

Source: My State MLS

MLS Number: 11533655

APN: 0081-10-0019

Florida Sarasota County Sarasota 34242

4959 Commonwealth Dr, Sarasota, FL

This home is located at 4959 Commonwealth Dr, Sarasota, FL 34242 and is currently priced at $605,000, approximately $337 per square foot. This property was built in 1958. 4959 Commonwealth Dr is a home located in Sarasota County with nearby schools including Phillippi Shores Elementary School, Brookside Middle School, and Sarasota High School.

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Listing Agent
Geri Scheckner
Section Image
Bright Realty
(941) 401-9936