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PRICED to Sell! 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.
| DAYS ON MARKET | 495 | LAST UPDATED | 3/10/2026 |
|---|---|---|---|
| TRACT | SIESTA BEACH | YEAR BUILT | 1955 |
| COMMUNITY | 34242 - Sarasota/Crescent Beach/Siesta Key | COUNTY | Sarasota |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| Elementary School | Phillippi Shores Elementary |
|---|---|
| Jr. High School | Brookside Middle |
| High School | Sarasota High |
| PRICE HISTORY | |
| Prior to Mar 10, '26 | $2,554,250 |
|---|---|
| Mar 10, '26 - Today | $675,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, None |
| AREA | 34242 - Sarasota/Crescent Beach/Siesta Key |
| CONSTRUCTION | Frame |
| EXTERIOR | Lighting, Other, Rain Gutters, Storage |
| HEAT | Central |
| INTERIOR | Stone Counters, Tray Ceiling(s), Walk-In Closet(s) |
| LOT | 0.26 acre(s) |
| LOT DESCRIPTION | Landscaped, Level, Paved, Private |
| LOT DIMENSIONS | 50x135 |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Cottage |
| SUBDIVISION | SIESTA BEACH |
| TAXES | 6363.17 |
| UTILITIES | Cable Available, Electricity Available, Natural Gas Available, Other, Sewer Connected, Water Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Garden, Trees/Woods |
| WATER | None |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Dawn Bear, WILLIAM RAVEIS REAL ESTATE, 941-894-1255
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 4/3/26 3:04 AM PDT.
This IDX solution is (c) Diverse Solutions 2026.