Price cut: $20K (10/14)
$2,250,000

4879 Commonwealth Drive, Sarasota, FL 34242

4beds
3baths
2,450sqft
Quick facts
Single Family Residence 30 Days on Market Built in 1957 $918.37/sqft 11,066 sq ft

TURNKEY. FULLY FURNISHED. INCOME PRODUCING. Welcome to an exceptional Siesta Key property offering the rare combination of a fully renovated luxury residence, private tropical setting and proven rental income. The home is being offered fully furnished and can include essentially everything needed to operate and enjoy it immediately—from designer furnishings and décor to pots, pans, dishes, silverware, linens, towels and other household essentials. Truly turnkey, the next owner can simply bring a suitcase and begin enjoying the Siesta Key lifestyle or continue the established rental operation. Extensively renovated with a focus on modern comfort, durability and style, the approximately 2,500-square-foot residence features an open, light-filled floor plan, expansive impact windows and doors, durable wood-grain tile flooring, custom wood cabinetry, quartz waterfall countertops and curated designer lighting. The split-bedroom layout offers privacy and flexibility, making the home equally well suited for full-time living, family vacations or rental guests. The spacious primary suite features private outdoor access and a beautifully renovated bath with a freestanding soaking tub and oversized marble walk-in shower. Three additional bedrooms are located on the opposite side of the home, including a junior suite with its own private bath, floor-to-ceiling marble tile and oversized picture window overlooking the pool and outdoor living area. The home comes equipped with a 30-year commercial-grade roof, high-impact windows and doors throughout, new HVAC, pool equipment, water heater and major appliances, designer finishes and bathrooms that feature floor to ceiling marble detailing. Outside, the property becomes a private tropical retreat. The heated saltwater pool and screened enclosure are surrounded by lush landscaping and the expansive double lot provides exceptional privacy and space for entertaining, relaxing or enjoying the Florida lifestyle. For the owner-user, this is a beautifully renovated and fully furnished Siesta Key home requiring little to nothing to do. For the vacation-home buyer, it offers a private escape that can generate income when not in use. For the investor, the established rental history and strong NOI create a compelling income-producing opportunity. A rare opportunity to acquire a fully renovated, fully furnished and income-producing Siesta Key property where luxury, lifestyle and investment potential come together. Located just blocks from Roberts Bay and less than one mile from the world-famous sands of Siesta Key Beach, the location provides convenient access to the beach, dining, shopping and everything that makes Siesta Key one of Sarasota’s most desirable destinations.

Location of 4879 Commonwealth Drive

Map showing 4879 Commonwealth Drive, Sarasota, FL 34242 $2,250,000
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4879 Commonwealth Drive property details

Interior

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full Bathrooms: 3

Appliances

  • Included: Bar Fridge, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range Hood, Refrigerator, Washer, Wine Refrigerator
  • Laundry: Inside, Laundry Room

Heating

  • Heating: Central, Electric

Cooling

  • Cooling: Central Air, Zoned

Features

  • Interior Features: Built-in Features, Eat-in Kitchen, High Ceilings, Open Floorplan, Walk-In Closet(s)
  • Window Features: Skylight(s), ENERGY STAR Qualified Windows, Storm Window(s)
  • Flooring: Tile
  • Fireplace: Yes
  • Fireplace Features: Electric, Family Room, Insert, Living Room

Interior Area

  • Total Living Area: 2450
  • Unit: Square Feet
  • Source: Owner

Video & Virtual Tour

Rooms & Dimensions

Kitchen

  • Level: First
  • Features: Kitchen Island

Master Bedroom

  • Level: First

Bedroom 3

  • Level: First
  • Features: Ceiling Fan(s)

Bedroom 2

  • Level: First
  • Features: Ceiling Fan(s)

Living Room

  • Level: First
  • Features: Ceiling Fan(s)

Master Bathroom

  • Level: First
  • Features: Double Vanity

Bedroom 4

  • Level: First

Property

Features

  • Exterior Features: Lighting, Outdoor Grill, Private Entrance, Private Yard, Rain Gutters
  • Patio & Porch: Covered, Front Porch, Porch, Rear Porch, Screened
  • Security Features: Smoke Detector(s)
  • Has Private Pool: Yes
  • Pool Features: Gunite, Heated, In Ground, Salt Water, Screen Enclosure, Tile, Private
  • Has Spa: No
  • Fencing: Vinyl
  • Horses: No
  • Other: Irrigation Equipment

View

  • Has View: No

Lot

  • Size: 11,066 sq ft
  • Acres: 0.25
  • Features: Landscaped, Level, Near Public Transit, Private, Paved

Accessibility

  • Levels: One

Parking

  • Garage: No
  • Parking Features: Circular Driveway, Driveway, Guest, Oversized
  • Carport: No
  • Open Parking: No

Waterfront

  • Has Waterfront: No

Basement

  • Basement: No

Mobile Home

  • Mobile Home Remains: No

Construction

Type & Style

  • Home Type: Residential
  • Architectural Style: Mid-Century Modern
  • Property Sub Type: Single Family Residence

Materials

  • Construction Materials: Frame, Wood Siding
  • Foundation: Slab
  • Roof: Membrane, Other

Builder / Condition

  • Year Built: 1957
  • New Construction: No

Building

  • Building Area Total: 2886
  • Building Area Units: Square Feet
  • Building Area Source: Public Records
  • Building Exposure: Southwest

Utilities & Green Energy

Utilities

  • Electric on Property: No
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Available, Cable Connected, Electricity Connected, Sewer Connected, Underground Utilities, Water Connected
  • Road Surface Type: Paved

Green Energy

  • Energy Efficient: Appliances, Doors, HVAC, Insulation, Water Heater, Windows
  • Water Conservation: Water-Smart Landscaping

Community & HOA

Community

HOA

  • Has HOA: No
  • Senior Community: No

Pets

  • Pets Allowed: Cats OK, Dogs OK, Yes

Location

  • Range: 17
  • Section: 12
  • Township: 37
  • Longitude: -82.554142
  • Latitude: 27.281838
  • Directions: From I75, take Bee Ridge exit west, cross US41 onto Bay Rd which becomes Osprey Ave. Turn left/west onto Siesta Dr., follow over north bridge onto Siesta Key and Higel Ave. At traffic light, bear left onto Midnight Pass Road. After humpback bridge, turn right onto Commonwealth Drive. Property is on left/east side of street.

Land Lease

  • Land Lease: No

School

Elementary

Middle or Junior

Highschool

Tax, Financial & Listing Details

Listing Details

  • List Price: $2,250,000
  • Price Per Square Foot: $918.37
  • Date on Market:
  • Listing Terms: Cash, Conventional
  • Ownership: Fee Simple
  • Home Warranty: No
  • Rent Control: No
  • Status: Active

MLS Details

  • MLS: StellarMLS
  • Listing ID: A4706036

Tax Details

  • Annual Tax Amount: $8,658.2
  • Tax Year: 2025
  • Tax Legal Description: LOTS 10 & 11 BLK 21 SIESTA BEACH
  • Tax Block: 21
  • Tax Book Number: 1037-423
  • Tax Lot: 10,11
  • Universal Property ID: US-12115-N-0081070026-R-N

Price history for 4879 Commonwealth Drive

DateEventPriceSource
listed (Active)$2,250,000StellarMLS #A4706036Source

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Last checked Source: StellarMLSMLS# A4706036

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Listed by Daniel Petrilla with Preferred Shore Llc · Cell: 941-999-1179

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