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Residential Land for Sale in Sarasota, Florida

4950 Commonwealth Dr, Sarasota, FL 34242

$1,595,000
0.31 acres
Active sale
ago
Est $11,970/mo

Unique opportunity to own an exceptional double-lot homesite on the Grand Canal on Siesta Key. Tucked away on a quiet cul-de-sac in one of the island's most desirable waterfront neighborhoods, this expansive property offers 107 feet of canal frontage and seawall, creating an outstanding setting for your future Siesta Key residence. Located along a low-wake arm of the Grand Canal, the property offers quick boating access to Roberts Bay, while the calm, protected basin provides a peaceful and private setting for enjoying the very best of waterfront living. Ideally situated just minutes from world-famous Siesta Beach, the shops, dining, and energy of Siesta Key Village, and the vibrant cultural attractions of downtown Sarasota, this rare homesite combines tranquility, boating access, and exceptional convenience. Please note: The existing home on the property is permitted and scheduled for demolition in September 2026, offering a unique opportunity to create a custom waterfront residence on this exceptional double-lot homesite.

Location

Street address
4950 Commonwealth Dr
Zip code
34242
Community
Siesta Beach
Elevation
3 feet
Coordinates
27.2798, -82.5534

Directions

From US-41, take Stickney Point Rd to Midnight Pass road to Commonwealth Drive.

Property details

Lot size
0.31 acres13,504 sq ft
Zoning
RSF2
MLS #
MFRMLS A4702766
Posted

Property taxes

2025
$13,807

Parcels

  • 0081100043

Legal description

Details and features

Listing

Type
Land

Lot

View
Water
Waterfront
Yes

Structure

Water
Public
Sewer
Public Sewer

Listing history

DateEventPriceChangeSource
Sept 3, 2026New listing$1,595,000MFRMLS
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This 0.31-acre property is located at 4950 Commonwealth Dr in Sarasota, FL 34242. The land is available for sale, priced at $1,595,000.

Listed by Compass Florida, (305) 851-2820

Checked 2 hours agoUpdated Source

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