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$600,000 Sale Pending

  • For Sale
  • Pending
  • Single Family
  • 2 Beds
  • 1 Full Bath
  • 1,373 Sq. Ft.
  • Updated 1 day ago
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Under contract-accepting backup offers. 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. 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.

Full Property Details for 5019 Commonwealth Dr

General

  • Price: $600,000
  • Taxes: $6,363 (2025)
  • Status: Pending
  • Type: Single Family
  • Source: MidFloridaRegionalMLS
  • MLS ID: A4630299
  • Updated: 6/1/2026
  • Added to Site: 555 day(s) ago

Rental Information

  • Min. Lease: 1 Month

Interior

  • Number of Rooms: 9
  • Interior Features: Kitchen and Family Room Combination, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Stone Counters, Thermostat, Tray Ceiling(s), Walk-In Closet(s), Window Treatments
  • Appliances: Built-In Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, None
  • Flooring: Engineered Hardwood, Other, Porcelain Tile

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 2

Other Rooms

  • Laundry: Electric Dryer Hookup, Inside, Laundry Room, Other, Washer Hookup

Exterior

  • Exterior Features: Irrigation System, Lighting, Other, Private Mailbox, Rain Gutters, Sliding Doors, Storage
  • Deck/Patio: Covered, Rear Porch
  • Porch/Patio/Deck: Covered, Rear Porch

Parking

  • Carports: Yes

Location

  • Area: 34242 - Sarasota/Crescent Beach/Siesta Key
  • County: Sarasota
  • Development Name: 34242 - Sarasota/Crescent Beach/Siesta Key
  • Subdivision: SIESTA BEACH
  • Driving Directions: Exit 207- Take Bee Ridge Rd west towards Siesta Key for 4 miles. Turn left onto Midnight Pass Rd. Continue over the South Bridge and turn left onto Midnight Pass Rd. Turn left ono Commonwealth Drive. The property will be on your left. Enjoy the scenic drive through Siesta Key.
  • Direction Faces: East

School Information

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

Community

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

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: None
  • Utility Description: Cable TV Available, Electricity Available, Natural Gas Available, Other, Public, Sewer Connected, Street Lights, Water Available

Structural Information

  • Architectural Info: Cottage
  • Architectural Style: Cottage
  • Builder: YODER HOMES
  • Exterior Const.: Wood Frame
  • Roof: Metal, Tile
  • Stories/Levels: One
  • Square Feet: 1,373
  • Sq. Ft. Source: Public Records
  • Year Built: 1955

Lot Features

  • Property View: Garden, Trees/Woods
  • Lot Size (Acres): 0.26
  • Lot Size (Sq. Ft.): 11,330
  • Lot Size: 11330
  • Lot Dimensions: 50 x 135
  • Frontage: Street Paved
  • Street/Road Desc.: Paved

Financial Considerations

  • Tax Amount: $6,363.17
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: NWLY 2 FT OF LOT 33 ALL OF LOT 32 & THAT PART OF LOT 31 DESC AS BEG AT SWLY COR OF LOT 31 FOR POB TH N-51-20-50-E 136.05 FT TO SELY COR OF LOT 31 TH N-41-55-09-W 23 FT TO A POINT ON NELY BDRY OF LOT
  • Flood Zone Info: AE
  • APN: 81100023
  • Property ID: 81100023
  • Block/Lot/Section: 21

Listed by William Raveis Real Estate

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Listing agent

— 5019 Commonwealth Dr —

  • William Raveis Real Estate

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 5019 Commonwealth Dr

School District:Sarasota County School District
NameGradesDistance
Phillippi Shores Elementary School
4747 South Tamiami Trail, Sarasota, FL 34231
PK-51.6 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
9-123.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5019 Commonwealth Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/22/2026
Price Reduced
$600,000
-5.51%
MLS
4/28/2026
Price Reduced
$635,000
-5.93%
MLS
3/10/2026
Price Reduced
$675,000
-73.57%
MLS
11/24/2024
Listed
$2,554,250
155.42%
MLS
8/08/2023
Sold
$1,000,000
—
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 5019 Commonwealth Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,042
-36%
$563,400
-31%
2024
$9,513
156%
$816,500
155%
2023
$3,715
2%
$319,937
3%
2022
$3,656
—
$310,618
3%
2021
$3,674
—
$301,571
1%
2021
$3,674
3%
$297,407
2%
2019
$3,553
3%
$290,720
2%
2018
$3,466
—
$285,299
2%
2017
$3,449
—
$279,431
2%
2016
$3,445
-2%
$273,684
1%
2015
$3,507
—
$271,782
1%
2014
$3,493
—
$269,625
2%
2013
$3,490
—
$265,640
—
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 5019 Commonwealth Dr

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

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NMLS#: 1598647

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Listed by William Raveis Real Estate

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5019 Commonwealth Drive, Sarasota, FL 34242 (MLS# A4630299) is a Single Family property with 2 bedrooms and 1 full bathroom. 5019 Commonwealth Drive is currently listed for $600,000 and was received on November 24, 2024. Want to learn more about 5019 Commonwealth Drive? Do you have questions about finding other Single Family 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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