1. Florida
  2. Sarasota
  3. 4859 COMMONWEALTH DRIVE
$1,250,000

4859 COMMONWEALTH DRIVE, Sarasota, FL 34242

  • 3 beds |
  • 3 baths |
  • 2,222 sqft
  • Property Icon Triplex
  • Property Year Built Icon Built in 1950
  • Property Lot Size Icon0.3acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $563/sqft
  • Property List Date Icon Listed 1 day ago

Property Description

INCOME-GENERATING TRIPLEX JUST MINUTES FROM WORLD-FAMOUS SIESTA KEY BEACH! Located in the desirable Siesta Beach neighborhood on Siesta Key, this opportunity to own Tangerine Dream offers incredible potential for investors, vacation rental owners, or anyone seeking a coastal lifestyle with income potential. This well-maintained triplex features three individual 1-bedroom, 1-bath units, totaling 2,222 of living square feet on a spacious 13,014 sq ft lot. Constructed in 1950, the property has been thoughtfully updated over the years including; a new roof, all new impact windows, and a new breaker system in 2019. A detached storage shed, provides extra space for storage or beach gear. Perfectly situated just half a mile from the powdery white sands of Siesta Key Beach, consistently ranked America’s #1 Beach. The location is walkable and bike-friendly, with convenient access to Siesta Village’s shopping, dining, and nightlife. Other nearby attractions include Turtle Beach offering endless opportunities for outdoor recreation like kayaking and paddleboarding. Positioned within a golf cart-friendly zone and free from HOA or deed restrictions, this property offers outstanding flexibility and strong short- and long-term rental potential. Whether you're an Airbnb or vacation rental investor seeking prime coastal cash flow, a multifamily buyer planning to live in one unit while renting the others, or a developer with an eye for redevelopment in a high-demand beachside area, this property checks every box. Don’t miss this rare income-producing gem near Siesta Key Beach with limitless potential.

Listing Status:
Active
Date Added:
August 5, 2025 at 05:00AM
Listing Office:
HARRY ROBBINS ASSOC INC : 941-924-8346
Listing Agent:
Isaiah Miller : 941-287-7716
MLS ID:
A4660321
  • General: Built-in FeaturesLiving Room/Dining Room ComboSkylight(s)Solid Surface Counters
  • Rooms: Garage Apartment
  • Appliances: Convection OvenDryerMicrowaveRefrigeratorWasher
  • Laundry: Common AreaOutside
  • Flooring: CarpetCeramic Tile
  • A/C: Wall/Window Unit(s)
  • Heating: Wall Units / Window Unit
  • Fireplace: Other RoomFireplace

This listing courtesy of Isaiah Miller, HARRY ROBBINS ASSOC INC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

E

Ese Special Programs

1960 Landings Blvd, Sarasota, FL, 34231

Grades PK-12

1.43 miles away

E

Ese Special Programs

1960 Landings Blvd, Sarasota, FL, 34231

Grades PK-12

1.43 miles away

S

Sarasota Virtual Instruction (Course Offerings)

1960 Landings Blvd, Sarasota, FL, 34231

Grades 9-12

1.43 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.