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4950 COMMONWEALTH Drive
SARASOTA FL 34242 US

$1,595,000

Active Listing ID A4702766
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Lot: 0.31 Acres
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Other

$1,595,000

Active Listing ID A4702766
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4950 COMMONWEALTH Drive 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.

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Property Features

  • Facts
  • Lot Size: 0.31 Acres
  • Property Type: Land
  • Property Sub-type: Other
  • Additional Features
  • Waterfront

Property

  • propertytype: Land
  • propertysubtype: Other
  • listprice: 1595000
  • unparsedaddress: 4950 COMMONWEALTH Drive
  • postalcity: SARASOTA
  • stateorprovince: FL
  • country: US
  • postalcode: 34242
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.31
  • lotsizeunits: Acres
  • lotsizearea: 0.31
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 27.27979
  • longitude: -82.553391
  • listagentfullname: Andrew Haddad
  • listagentemail: andrew.haddad@compass.com
  • listagentkey: 3yd-MFRMLSFL-281520700
  • listagentmlsid: 281520700
  • listagentpreferredphone: 9413131218
  • listagentofficephone: 9413131218
  • listofficekey: 3yd-MFRMLSFL-274501900
  • listofficemlsid: 274501900
  • disclaimer: Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MFRMLSFL
  • listingcontractdate: 2026-08-19
  • listagenturl: http://www.andrewhaddad.com
  • countyorparish: Sarasota
  • parcelnumber: 0081100043
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • view: Water
  • waterfrontyn: True
  • franchiseaffiliation: None
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -82.55339, 27.27979
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Compass", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"andrew.haddad@compass.com", "ListBrokerageCity":"FL", "ListBrokerageCountry":"US", "ListBrokerageEmail":"brokerfl@compass.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Compass", "ListBrokeragePhone":"(305) 851-2820", "ListBrokeragePostalCode":"33139", "ListBrokerageStateOrProvince":"FL", "ListBrokerageUnitNumber":"7th Floor", "ListBrokerageUnparsedAddress":"605 Lincoln Road", "ListBrokerageWebsiteUrl":"https://www.compass.com/", "ListOfficeAddress1":"1575 Main Street", "ListOfficeAddress2":"7th Floor", "ListOfficeBrokerMlsId":"274501900", "ListOfficeCity":"Sarasota", "ListOfficeCountry":"US", "ListOfficeEmail":"mlsfl@compass.com", "ListOfficePostalCode":"34236", "ListOfficeStateOrProvince":"FL", "ListPriceCurrencyType":"USD", "ListingTitle":"Land, SARASOTA, FL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/4950-Commonwealth-Dr_Sarasota_FL_34242_M61167-01243?f=listhub&s=MFRMLSFL&m=A4702766&c=rexren", "MLSModificationTimestamp":"2026-09-03 23:32:10", "Neighborhoods":[{"Description":null, "Name":"SIESTA BEACH"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":13807, "TaxDescription":"LOTS 21 & 22 BLK 22 SIESTA BEACH", "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 9/3/2026 11:34:26 PM GMT
Source Updated Date: 9/5/2026 12:48:41 PM GMT

Courtesy of: Andrew Haddad, COMPASS FLORIDA LLC, andrew.haddad@compass.com

Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.