4950 Commonwealth Drive, SARASOTA, FL

$1,595,000

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0.31

Acres

About 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.

Features of 4950 Commonwealth Drive

MLS® # A4702766
Price $1,595,000
Acres 0.31
Type Land
Sub-Type Land
Status Active
Taxes $13,807
CDD N

Community Information

Address 4950 Commonwealth Drive
Area Sarasota/Crescent Beach/Siesta Key
Subdivision SIESTA BEACH
City SARASOTA
County Sarasota
State FL
Zip Code 34242-1422

Amenities

View Water
Is Waterfront Yes
Waterfront Canal - Saltwater
Has Pool No

Interior

Fireplace No

Additional Information

Date Listed September 3rd, 2026
Days on Market 2
Zoning RSF2
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCOMPASS FLORIDA LLC

Listing Map

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