4950 Commonwealth Drive, FL
Stellar MLS
1 / 1

$1,595,000

4950 Commonwealth Drive

Sarasota, FL 34242

Listing updated: September 3, 2026 at 7:32 PM ET

Active
Stellar MLSListing courtesy of Compass Florida Llc · Andrew Haddad · MLS #A4702766 · Active · 941-279-3630
0
Baths
0.31
Acres
WaterfrontWater access$120/sqft360° tour
Land

Property type

13,334 sqft

Lot size

$120

Price / sq ft

No HOA

HOA dues

0

Days on market

AE

Flood zone

About this home

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.

Estimated monthly payment

Principal & interest$8,065
Property taxes$1,151
Home insurance (est.)$731

Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.

Price & listing history0 days on market

  1. Status: Active
    Sep 3, 2026
  2. Listed$1,595,000
    Sep 3, 2026
  3. Price increased$1,595,000

Facts & features

Property type
Land
Status
Active
Days on market
0
Subdivision
Siesta Beach
County
Sarasota
Price/sq ft
$120
Lot size
13,334 sq ft
Lot category
1/4 to less than 1/2
Flood zone
AE (12115C0143G)
Annual taxes
$13,807 (2025)
Parcel #
0081100043
Zoning
RSF2
MLS #
A4702766

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HOA & Financial

Total monthly fees
$0/mo
Total annual fees
$0
Listing terms
Cash
Ownership
Fee Simple

Exterior & Construction

Waterfront
Yes
Water access
Yes
Water view
Yes
Road surface
Asphalt

Utilities

Sewer
Public Sewer
Water source
Public
Utilities
Public

Listing Details

Listing date
2026-08-19
On market date
2026-09-03
Original list price
$1,595,000
MLS area
34242 - Sarasota/Crescent Beach/Siesta Key
Listing AOR
Sarasota - Manatee
Status changed
2026-09-03
Tax legal description
LOTS 21 & 22 BLK 22 SIESTA BEACH

Flood risk

High riskFEMA Zone AEPanel 12115C0143G

FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.

Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.

Location

Directions

From US-41, take Stickney Point Rd to Midnight Pass road to Commonwealth Drive.

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MLS GRID

Listings courtesy of Stellar MLS as distributed by MLS GRID

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the MLS GRID as of September 3, 2026 at 7:32 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.

Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA