
Residential Land for Sale in Sarasota, Florida
4950 Commonwealth Dr, Sarasota, FL 34242
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
- County
- Sarasota County
- Zip code
- 34242
- Community
- Siesta Beach
- Elevation
- 3 feet
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
LOTS 21 & 22 BLK 22 SIESTA BEACH
Details and features
Listing
- Type
- Land
Lot
- View
- Water
- Waterfront
- Yes
Structure
- Water
- Public
- Sewer
- Public Sewer
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Sept 3, 2026 | New listing | $1,595,000 | — | MFRMLS |










