$635,000
$240K PRICE DROP

5019 Commonwealth Dr Sarasota, FL 34242

Estimated payment $4,179/month

Total Views 148,258
0.26 Acre
$2,442,308 Price per Acre
11,330 Sq Ft Lot

Highlights

  • Wooded Lot
  • No HOA
  • Mature Landscaping
  • Phillippi Shores Elementary School Rated A

About This Lot

Priced to sell! 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 or the builder of your choice. 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. Key!

Listing Agent

Dawn Bear

WILLIAM RAVEIS REAL ESTATE Brokerage Phone: 941-894-1255 License #3355163 Listed on: 04/12/2025

WILLIAM RAVEIS REAL ESTATE

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $9,513

Lot Details

  • 11,330 Sq Ft 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

Property Details

Property Type

Land

Est. Annual Taxes

$9,513

Lot Details

0.26 Acres

Listing Details

  • Property Type: Land
  • Lot Size Acres: 0.26
  • Lot Size Sq Ft: 11330
  • Status: Active
  • Ownership: Fee Simple
  • Escrow State: FL
  • RATIO Current Price By Calculate: 56.05
  • Total Acreage: 1/4 to less than 1/2
  • Water Access YN: 0
  • Attribution Contact: 941-894-1255
  • Tax Year: 2024
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Living Area Units: Square Feet

Exterior Features

  • Direction Faces: East
  • Waterfront: No
  • Road Surface Type: Paved
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Panel: 12115C0143G

Utilities

  • Utilities: Cable Available, Public, Sewer Connected, Water Available
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Association 2 YN: 0

Fee Information

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

Schools

  • Elementary School: Phillippi Shores Elementary
  • High School: Sarasota High
  • Middle Or Junior School: Brookside Middle

Lot Info

  • Zoning: RSF2
  • Parcel Number: 0081100023
  • Additional Parcels: No
  • Current Use: Residential
  • Lot Dimensions: 60X134X60X138
  • Flood Zone Code: AE

Tax Info

  • Tax Annual Amount: 9513
  • Tax Block: 21
  • Tax Book Number: 1037-423
  • Tax Lot: 33

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
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
04/28/2026 04/28/26 Price Changed $635,000 0.0% --
04/28/2026 04/28/26 Price Changed $635,000 -5.8% $462 / Sq Ft
04/16/2026 04/16/26 Price Changed $674,000 -0.1% --
03/10/2026 03/10/26 Price Changed $675,000 0.0% --
03/10/2026 03/10/26 Price Changed $675,000 -73.6% $492 / Sq Ft
02/19/2026 02/19/26 For Sale $2,554,250 +264.9% $1,860 / Sq Ft
02/19/2026 02/19/26 For Sale $700,000 0.0% --
01/31/2026 01/31/26 Off Market $700,000 -- --
01/31/2026 01/31/26 Off Market $2,554,250 -- --
01/01/2026 01/01/26 For Sale $2,554,250 +264.9% $1,860 / Sq Ft
01/01/2026 01/01/26 Price Changed $700,000 -72.6% --
12/15/2025 12/15/25 Off Market $2,554,250 -- --
11/14/2025 11/14/25 Price Changed $775,000 -11.4% --
04/12/2025 04/12/25 For Sale $875,000 -65.7% --
04/11/2025 04/11/25 Price Changed $2,554,250 +155.4% $1,860 / Sq Ft
11/24/2024 11/24/24 For Sale $1,000,000 0.0% $728 / Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Dawn Bear

WILLIAM RAVEIS REAL ESTATE

(941) 420-6220

Section Image

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

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Source: Stellar MLS

MLS Number: A4648656

Stellar MLS

APN: 0081-10-0023

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