There are multiple listings for this address:
5019 COMMONWEALTH DRIVE
SARASOTA, FL, 34242
$2,554,250
4 Beds
4.5 Baths
2,735 SqFt
0.26 Acres
Add
MLS #A4630299 image #0
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.

Property Details

Price:
$2,554,250
MLS #:
A4630299
Status:
Active
Beds:
4
Baths:
4.5
Type:
Single Family
Subdivision:
SIESTA BEACH
Neighborhood:
34242sarasotacrescentbeachsiestakey
Listed Date:
Feb 19, 2026
Finished Sq Ft:
2,735
Lot Size:
11,330 sqft / 0.26 acres (approx)
34242 – Sarasota/crescent Beach/siesta Key34242sarasotacrescentbeachsiestakeySiesta BeachPhillippi Shores ElementaryBrookside MiddleSarasota HighResidential

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Schools

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

Interior

Exterior

Financial

Tax Year
2024
Taxes
$9,513

Map

Community

Subdivisions in SARASOTA

Market Summary

Current real estate data for Single Family in SARASOTA as of Mar 07, 2026
2,322
Single Family Listed
108
Avg DOM
497
Avg $ / SqFt
$1,524,269
Avg List Price

Property Summary

    Located in the SIESTA BEACH subdivision, 5019 COMMONWEALTH DRIVE SARASOTA FL is a Single Family for sale in SARASOTA, FL, 34242. It is listed for $2,554,250 and features 4 beds, 5 baths, and has approximately 2,735 square feet of living space.The current price per square foot is $934. The average price per square foot for Single Family listings in SARASOTA is $497. The average listing price for Single Family in SARASOTA is $1,524,269. To schedule a showing of MLS#a4630299 at 5019 COMMONWEALTH DRIVE in SARASOTA, FL, contact your CENTURY 21 Carioti agent at 2392986550.

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5019 COMMONWEALTH DRIVE
SARASOTA, FL
5019 COMMONWEALTH DRIVE
SARASOTA, FL, 34242
$700,000
Beds
0 Baths
0 SqFt
0.26 Acres
Add
MLS #A4648656 image #0
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.

Property Details

Price:
$700,000
MLS #:
A4648656
Status:
Active
Beds:
0
Baths:
0
Type:
Land
Subdivision:
SIESTA BEACH
Neighborhood:
34242sarasotacrescentbeachsiestakey
Listed Date:
Feb 19, 2026
Lot Size:
11,330 sqft / 0.26 acres (approx)
34242 – Sarasota/crescent Beach/siesta Key34242sarasotacrescentbeachsiestakeySiesta BeachPhillippi Shores ElementaryBrookside MiddleSarasota HighResidential

Ask a Question

See this Listing

Send
  

Schools

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

Interior

Exterior

Financial

Tax Year
2024
Taxes
$9,513

Map

Community

Subdivisions in SARASOTA

Market Summary

Current real estate data for Land in SARASOTA as of Mar 07, 2026
2,322
Land Listed
108
Avg DOM
497
Avg $ / SqFt
$1,524,269
Avg List Price

Property Summary

    Located in the SIESTA BEACH subdivision, 5019 COMMONWEALTH DRIVE SARASOTA FL is a Land for sale in SARASOTA, FL, 34242. It is listed for $700,000 and features 0 acres. To schedule a showing of MLS#a4648656 at 5019 COMMONWEALTH DRIVE in SARASOTA, FL, contact your CENTURY 21 Carioti agent at 2392986550.

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