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522 COMMONWEALTH LANE
SARASOTA FL 34242 US

$1,350,000

Active Listing ID A4696439
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3 bed
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3.00 Bath (2 Full , 1 Half)
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Lot: 0.27 Acres
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Single Family Residence

$1,350,000

Active Listing ID A4696439
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522 COMMONWEALTH LANE Rare GRAND CANAL redevelopment opportunity on Siesta Key, offered at land value. This estate-sale homesite delivers approximately 168 feet of water frontage — among the most generous on the Grand Canal — along one of the canal's widest, most open stretches, with long water views and exceptional ease of egress. Boaters enjoy quick passage to the Intracoastal Waterway and on to the Gulf, with the bridge just minutes away. Tucked on a peaceful cul-de-sac, the site pairs privacy with proximity: a short bike ride to the powdery white sand of top-rated Siesta Key Beach. Build anew and capture full water views, or renovate to your vision. While the primary value is the exceptional lot, per seller, water has not intruded the interior of the existing home. Sold at land value, buyer to perform all due diligence. Opportunities of this width, frontage, and location on the Grand Canal are exceedingly rare.

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Property Features

  • Facts
  • Lot Size: 0.27 Acres
  • Property Type: Residential
  • Property Sub-type: Single Family Residence
  • Features
  • Full Bathrooms: 2
  • 1/2 Bathrooms: 1
  • Cooling System: Central Air
  • Exterior Finish: Sidewalk, Pool
  • Floor Covering: Tile, Tile - Ceramic
  • Roof Type: Tile
  • Heating Fuels: Electric (Heating)
  • Additional Features
  • Pool
  • Waterfront

Property

  • propertytype: Residential
  • propertysubtype: Single Family Residence
  • listprice: 1350000
  • unparsedaddress: 522 COMMONWEALTH LANE
  • postalcity: SARASOTA
  • stateorprovince: FL
  • country: US
  • postalcode: 34242
  • bathroomsfull: 2
  • bathroomshalf: 1
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.27
  • lotsizeunits: Acres
  • lotsizearea: 0.27
  • livingarea: 1990
  • livingareaunits: Square Feet
  • latitude: 27.282635
  • longitude: -82.557613
  • listagentfullname: Karen Whitaker
  • listagentemail: karen@karenwhitaker.com
  • listagentkey: 3yd-MFRMLSFL-230006966
  • listagentmlsid: 230006966
  • listagentpreferredphone: 9417246969
  • listagentofficephone: 9413644000
  • listofficekey: 3yd-MFRMLSFL-281519790
  • listagentstatelicense: 3341545
  • listofficemlsid: 281519790
  • 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
  • yearbuilt: 1979
  • listingcontractdate: 2026-06-06
  • listagenturl: http://www.premierothebysrealty.com
  • countyorparish: Sarasota
  • parcelnumber: 0081030021
  • cooling: Central Air
  • constructionmaterials: Stucco
  • flooring: Tile, Tile - Ceramic
  • heating: Electric (Heating)
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: Driveway, Garage, Garage - Attached
  • roof: Tile
  • waterfrontyn: True
  • franchiseaffiliation: Sotheby's International Realty
  • interiorfeatures: Primary Bedroom Main Floor
  • exteriorfeatures: Sidewalk, Pool
  • waterfrontfeatures: Canal - Brackish, Canal Front, Waterfront
  • architecturalstyle: Mediterranean
  • rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bonus Room, Dining Room, Kitchen, Laundry, Living Room
  • dock: False
  • poolprivateyn: True
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -82.55761, 27.282635
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Premier Sotheby's International Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"karen@karenwhitaker.com", "ListBrokerageCity":"Naples", "ListBrokerageCountry":"US", "ListBrokerageEmail":"melissa.morehouse@sothebysrealty.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/MFRMLSFL/ed64c0913c4411dfa7dd00219b994c72/20150904185939512.png", "ListBrokerageName":"Premier Sotheby's International Realty", "ListBrokeragePhone":"(239) 403-2227", "ListBrokeragePostalCode":"34103", "ListBrokerageStateOrProvince":"FL", "ListBrokerageUnitNumber":"Suite 350", "ListBrokerageUnparsedAddress":"4001 Tamaimi Trail N.", "ListBrokerageWebsiteUrl":"http://www.premierothebysrealty.com", "ListOfficeAddress1":"50 Central Ave Suite 110", "ListOfficeAddress2":"The Plaza At Five Points", "ListOfficeBrokerMlsId":null, "ListOfficeCity":"Sarasota", "ListOfficeCountry":"US", "ListOfficeEmail":"budge.huskey@premiersir.com", "ListOfficePostalCode":"34236", "ListOfficeStateOrProvince":"FL", "ListPriceCurrencyType":"USD", "ListingTitle":"Mediterranean, Single Family Residence - SARASOTA, FL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/522-Commonwealth-Ln_Sarasota_FL_34242_M60917-33061?f=listhub&s=MFRMLSFL&m=A4696439&c=rexren", "MLSModificationTimestamp":"2026-06-29T17:35:12Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":"Single Family Residence", "RawPropertyType":"Residential", "RoomCount":10, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":5889, "TaxDescription":null, "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 6/29/2026 7:06:17 PM GMT
Source Updated Date: 7/2/2026 6:35:29 PM GMT

Courtesy of: Karen Whitaker, PREMIER SOTHEBY'S INTERNATIONAL REALTY, karen@karenwhitaker.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.