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$990,000 -$110,000 (-10%) Price Reduced

  • For Sale
  • Active
  • Triplex
  • 3 Beds
  • 3 Total Baths
  • 2,222 Sq. Ft.
  • Updated 1 day ago
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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.

Full Property Details for 4859 Commonwealth Dr

General

  • Price: $990,000
  • Taxes: $9,623 (2024)
  • Status: Active
  • Type: Triplex
  • Source: MidFloridaRegionalMLS
  • MLS ID: A4660321
  • Updated: 1/16/2026
  • Added to Site: 165 day(s) ago

Rental Information

  • Lease/Rent Term: >6 Months <12
  • Min. Lease: 1 Month

Interior

  • Interior Features: Built-in Features, Ceiling Fan(s), Living Room/Dining Room Combo, Skylight(s), Stone Counters
  • Fireplace: Yes
  • Fireplace(s): Living Room, Wood Burning
  • Appliances: Dishwasher, Dryer, Microwave, Range, Range Hood, Refrigerator, Washer
  • Furnishings: Turnkey
  • Flooring: Carpet, Ceramic Tile

Rooms

Bathrooms

  • Total Bathrooms: 3

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Laundry: Common Area, Laundry Room, Outside

Additional Information

  • Security/Safety: Smoke Detector(s)

Exterior

  • Exterior Features: Fenced, Outdoor Grill, Rain Gutters, Sliding Doors, Storage
  • Deck/Patio: Covered, Patio, Porch
  • Porch/Patio/Deck: Covered, Patio, Porch

Parking

  • Parking Features: Ground Level, Off Street

Location

  • Area: 34242 - Sarasota/Crescent Beach/Siesta Key
  • County: Sarasota
  • Development Name: 34242 - Sarasota/Crescent Beach/Siesta Key
  • Subdivision: SIESTA BEACH
  • Driving Directions: Drive south on Midnight Pass Rd, turn right on Commonwealth Dr, drive .1 mile and property will be on the left.

Community

  • Community Name: 34242 - Sarasota/Crescent Beach/Siesta Key

Heating & Cooling

  • Cooling Type: Wall/Window Unit(s)
  • Heating Type: Electric, Wall Units / Window Unit

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable TV Available, Public, Sewer Connected, Underground Utilities, Water Connected

Structural Information

  • # Buildings: 2
  • Exterior Const.: Block, Wood Frame
  • Roof: Membrane
  • Windows: Blinds, Double Pane Windows, Insulated Windows, Low-Emissivity Windows, Thermal Windows
  • Stories/Levels: Two
  • Square Feet: 2,222
  • Sq. Ft. Source: Public Records
  • Year Built: 1950

Additional Structures

  • Other Structures: Shed(s)

Lot Features

  • Lot Size (Acres): 0.3
  • Lot Size (Sq. Ft.): 13,014
  • Lot Size: 13014
  • Frontage: Street Paved
  • Street/Road Desc.: Paved, Asphalt

Financial Considerations

  • Tax Amount: $9,623
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: TH S 1/2 OF LOT 4 & ALL OF LOT 5 & NWLY 25 FT OF LOT 6 BLK 21 SIESTA BEACH
  • Flood Zone Info: AE
  • APN: 81020038
  • Property ID: 81020038
  • Block/Lot/Section: 21

Listed by Harry Robbins Assoc Inc

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Listing agents

— 4859 Commonwealth Dr —

  • Harry Robbins Assoc Inc

  • Harry Robbins Assoc Inc

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 4859 Commonwealth Dr

School District:Sarasota County School District
NameGradesDistance
Phillippi Shores Elementary School
4747 South Tamiami Trail, Sarasota, FL 34231
PK-51.7 mi
Brookside Middle School
3636 South Shade Avenue, Sarasota, FL 34239
6-82.2 mi
Sarasota High School
2155 Bahia Vista Street, Sarasota, FL 34239
9-123.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4859 Commonwealth Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/16/2026
Price Reduced
$990,000
-10%
MLS
11/01/2025
Price Reduced
$1,100,000
-12%
MLS
8/05/2025
Listed
$1,250,000
390.2%
MLS
9/29/2011
Sold
$255,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 4859 Commonwealth Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,707
-20%
$677,600
-17%
2024
$9,623
1%
$815,900
-5%
2023
$9,512
9%
$861,300
11%
2022
$8,738
25%
$776,200
54%
2021
$6,973
—
$502,800
22%
2021
$6,973
16%
$412,600
2%
2019
$5,992
-4%
$404,900
-6%
2018
$6,254
7%
$431,700
3%
2017
$5,848
7%
$417,300
7%
2016
$5,480
9%
$390,900
32%
2015
$5,037
5%
$296,426
10%
2014
$4,775
9%
$269,478
10%
2013
$4,382
—
$244,980
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 4859 Commonwealth Dr

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Harry Robbins Assoc Inc

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4859 Commonwealth Drive, Sarasota, FL 34242 (MLS# A4660321) is a Triplex property with 3 bedrooms and 0 full bathrooms. 4859 Commonwealth Drive is currently listed for $990,000 and was received on August 05, 2025. Want to learn more about 4859 Commonwealth Drive? Do you have questions about finding other Triplex real estate for sale in Sarasota? You can browse all Sarasota real estate or contact a Coldwell Banker agent to request more information.

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