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$700,000

  • For Sale
  • Active
  • Lots/Land
  • 0.26 Acres
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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: $700,000
  • Taxes: $9,513 (2024)
  • Status: Active
  • Type: Lots/Land
  • Source: MidFloridaRegionalMLS
  • MLS ID: A4648656
  • Updated: 12/31/2025
  • Added to Site: 280 day(s) ago

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

Utilities

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

Structural Information

  • Current Bldg. Use: Residential

Lot Features

  • Lot Size (Acres): 0.26
  • Lot Size (Sq. Ft.): 11,330
  • Lot Size: 11330
  • Lot Dimensions: 60 x 134 x 60 x 138
  • Street/Road Desc.: Paved

Financial Considerations

  • Price Per Acre: $2,692,308
  • Tax Amount: $9,513
  • Tax Year: 2024

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 TH N 51-20-50 E 136.05 FT TO SELY COR OF SAID LOT 31 TH N 41-55-09 W 23 FT TO A POINT ON NELY BDRY OF
  • 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

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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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 Pitney Bowes 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
12/31/2025
Price Reduced
$700,000
-9.68%
MLS
11/14/2025
Price Reduced
$775,000
-11.43%
MLS
4/12/2025
Listed
$875,000
-12.5%
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
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.

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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# A4648656) is a Lots/Land property with a lot size of 0.26 acres. 5019 Commonwealth Drive is currently listed for $700,000 and was received on April 12, 2025. Want to learn more about 5019 Commonwealth Drive? Do you have questions about finding other Lots/Land 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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