4859 COMMONWEALTH DRIVE at

4859 COMMONWEALTH DRIVE

For sale Days on market 171

$990,000

$446/sq ft

$260,000
Price Decreased

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Overview

Bedroom

Year Built

1950

Sqft

2222

Property Type

Triplex

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.

Property Details

MLS#

A4660321

Address

4859 COMMONWEALTH

City

Sarasota

State/county

Zip/Postal Code

34242

Area

Siesta Beach

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$9,623

Maint Fee

$--

Tax Year

2024

Dishwasher

Dryer

Microwave

Range

Range Hood

Refrigerator

Washer

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