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#A4646296, Debbie Lane, Listing Office: RE/MAX ALLIANCE GROUP
Property details
About 5019 Commonwealth Dr
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.
Highlights
Home typeOther
StatusActive
Lot size0.26 Acres
MLS #A4648656
Virtual tour
Summary
- List Price: $875,000
- Annual Tax Amount: $3,714
- Tax Year: 2023
- 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.
- Lot Size: 0.26 Acres
- MLS Number: A4648656
- MLS Name: MFRMLS
- Office Name: WILLIAM RAVEIS REAL ESTATE
- Office Phone: (941) 894-1255
- Listing Agent: Dawn Bear
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2025, 8:19:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$875,000
5019 Commonwealth Dr
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 08, 2023 | Home Sold | $1,000,000 |
| Jun 28, 2010 | Home Sold | $382,500 |
| May 10, 2004 | Home Sold | $380,000 |
| Jan 23, 2001 | Home Sold | $188,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $319,937 | $3,714 |
| 2022 | $310,618 | $3,655 |
| 2021 | $301,571 | $3,655 |
| 2020 | $297,407 | $3,674 |
| 2019 | $290,720 | $3,552 |
| 2018 | $285,299 | $3,466 |
| 2017 | $279,431 | $3,449 |
History based on county public records data.
Nearby schools
8
Phillippi Shores Elementary School
Public Magnet PK-5
1.6 mi
•4747 S Tamiami Trl
10
Southside Elementary School
Public District PK-5
2.4 mi
•1901 Webber St
7
Gulf Gate Elementary School
Public District PK-5
2.9 mi
•6500 S Lockwood Ridge Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $109,115. The most common annual income of people living in Sarasota, FL is between $100k-200k. Most families are married, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
14%
<35k
29%
35k-100k
38%
100k-200k
19%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
40%
Single, No Kids
4%
Single, with Kids
42%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
8%
<11 yrs old
6%
12-17 yrs old
8%
18-34 yrs old
44%
35-64 yrs old
34%
65+ yrs old
What do the neighbors do for fun?
Men's Tennis
Hiking/backpacking
PGA/LPGA
Where do the neighbors shop?
Bloomingdales
Nordstrom Rack
Chico's
Where do the neighbors go to eat?
Bonefish Grill
Chipotle
California Pizza Kitchen
What do the neighbors drive?
Lexus
Mazda
Cadillac
What do the neighbors listen to?
News
Rock
Classical
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5019 Commonwealth Dr
The listing price of 5019 Commonwealth Dr property is $875,000.
The property 5019 Commonwealth Dr is land located in Sarasota, Florida, 34242.
Active Listing: 5019 Commonwealth Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5019 Commonwealth Dr are: Phillippi Shores Elementary School (GreatSchools Rating 8/10), Southside Elementary School (GreatSchools Rating 10/10), Gulf Gate Elementary School (GreatSchools Rating 7/10), Brookside Middle School (GreatSchools Rating 6/10), Suncoast School for Innovative Studies (GreatSchools Rating 5/10), Sarasota School of Arts/Sciences (GreatSchools Rating 8/10), Sarasota Virtual Instruction Program (GreatSchools Rating 6/10), Riverview High School (GreatSchools Rating 6/10), Suncoast Polytechnical High School (GreatSchools Rating 9/10).
According to the records, the last property tax for 2023 is $3,714 (source: MLS/based on county public records data).
The last sale was on August 8, 2023 for $1,000,000 (source: MLS/tax record).
The property 5019 Commonwealth Dr is 0.26 acres.
This home is located at 5019 Commonwealth Dr in Sarasota, FL and zip code 34242 in the Siesta Key neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since April 12, 2025 and is currently priced at $875,000.
Sarasota, FL housing market in March 2025 saw over 33 listings sold above listed price, more than 73 sold at listed price and over 387 sold below. The number of homes for sale in Sarasota, FL increased by 8.2% between February and March 2025. The median list price of listings available in March 2025 was $505,057, while the average time on the real estate market was 61 days.
From Rocket Homes Real Estate and based on county public records data.