5019 Commonwealth Dr Sarasota, FL 34242
Estimated payment $4,853/month
Total Views
87,850
0.26
Acre
$2,980,769
Price per Acre
11,326
Sq Ft Lot
Highlights
- Wooded Lot
- No HOA
- Mature Landscaping
- Phillippi Shores Elementary School Rated A
About This Lot
100,000 price reduction! 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 Agent
WILLIAM RAVEIS REAL ESTATE Brokerage Phone: 941-894-1255 License #3355163 Listed on: 04/12/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $9,513
Lot Details
- 0.26 Acre Lot
- Lot Dimensions are 60x134x60x138
- East Facing Home
- Mature Landscaping
- Wooded Lot
- Property is zoned RSF2
Schools
- Phillippi Shores Elementary School
- Brookside Middle School
- Sarasota High School
Utilities
- Cable TV Available
Community Details
- No Home Owners Association
- Siesta Beach Community
- Siesta Beach Subdivision
Listing and Financial Details
- Legal Lot and Block 33 / 21
- Assessor Parcel Number 0081100023
Map
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $9,513 | $563,400 | $550,300 | $13,100 |
| 2024 | $3,715 | $816,500 | $668,800 | $147,700 |
| 2023 | $3,715 | $319,937 | $0 | $0 |
| 2022 | $3,656 | $310,618 | $0 | $0 |
| 2021 | $3,674 | $301,571 | $0 | $0 |
| 2020 | $3,682 | $297,407 | $0 | $0 |
| 2019 | $3,553 | $290,720 | $0 | $0 |
| 2018 | $3,466 | $285,299 | $0 | $0 |
| 2017 | $3,449 | $279,431 | $0 | $0 |
| 2016 | $3,445 | $360,400 | $236,600 | $123,800 |
| 2015 | $3,507 | $381,200 | $278,100 | $103,100 |
| 2014 | $3,493 | $265,640 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/14/2025 11/14/25 | Price Changed | $775,000 | -11.4% | -- | |
| 04/12/2025 04/12/25 | For Sale | $875,000 | -12.5% | -- | |
| 08/08/2023 08/08/23 | Sold | $1,000,000 | +0.5% | $734 / Sq Ft | View Prior Sale |
| 06/28/2023 06/28/23 | Pending | -- | -- | -- | |
| 06/26/2023 06/26/23 | For Sale | $995,000 | -- | $730 / Sq Ft |
Source: Stellar MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,000,000 | None Listed On Document | |
| Warranty Deed | $382,500 | Attorney | |
| Interfamily Deed Transfer | -- | Attorney | |
| Quit Claim Deed | -- | Land Title Guarantee Co | |
| Warranty Deed | $188,000 | -- | |
| Warranty Deed | $188,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $650,000 | New Conventional | |
| Previous Owner | $160,000 | New Conventional | |
| Previous Owner | $152,945 | No Value Available |
Source: Public Records
About the Listing Agent
Looking for a dedicated, hardworking, and down-to-earth local Realtor who will be committed to helping you 24/7? Look no further. I'm Dawn Bear, your go-to friendly real estate professional in Sarasota, Manatee, and Charlotte counties. With over $85M in successful closings, I am here to guide you through one of the biggest investments of your life with expertise, commitment, and honesty.
I've been a full-time resident of Sarasota County since 1988 and have been actively working on
Dawn's Other Listings
Source: Stellar MLS
MLS Number: A4648656
APN: 0081-10-0023
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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