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4879 Commonwealth Drive
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PRICED AT ONLY: $1,495,000

Address: 4879 Commonwealth Drive, SARASOTA, FL 34242

Description

Presenting an AMAZING opportunity to own a one of a kind, rare mid century modern open floor plan property with history, character, style, and all the potential you could ask for. The style of this home reflects the history and character of the original Sarasota School of Architecture and Design. The location is extraordinary only a few blocks from Roberts Bay and less than a mile to Siesta Key Beach. Four bedrooms and three full bathrooms situated on a quiet, private, extra large double lot just minutes to world renowned Siesta Key Beach and shopping and restaurants in Siesta Key Village. This property was damaged with the recent hurricanes. The matterport tour will show you the exact condition of the property today. The property appraised for $2,230,000 prior to Hurricanes Helene and Milton. The current list price is aggressive and reflects a one of a kind opportunity to renovate a historical home with tons of character back to its original quality, and will come with plenty of extra equity when complete due to the recent appraised value. The county also confirmed that this oversized double lot can be split providing an incredible opportunity for investors and developers to build two homes on these lots in an unbeatable location.

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  • MLS#: A4632845 ( Residential )
  • Street Address: 4879 Commonwealth Drive
  • Viewed: 1
  • Price: $1,495,000
  • Price sqft: $518
  • Waterfront: No
  • Year Built: 1957
  • Bldg sqft: 2886
  • Bedrooms: 4
  • Total Baths: 3
  • Full Baths: 3
  • Days On Market: 4

Description

Presenting an AMAZING opportunity to own a one of a kind, rare mid century modern open floor plan property with history, character, style, and all the potential you could ask for. The style of this home reflects the history and character of the original Sarasota School of Architecture and Design. The location is extraordinary only a few blocks from Roberts Bay and less than a mile to Siesta Key Beach. Four bedrooms and three full bathrooms situated on a quiet, private, extra large double lot just minutes to world renowned Siesta Key Beach and shopping and restaurants in Siesta Key Village. This property was damaged with the recent hurricanes. The matterport tour will show you the exact condition of the property today. The property appraised for $2,230,000 prior to Hurricanes Helene and Milton. The current list price is aggressive and reflects a one of a kind opportunity to renovate a historical home with tons of character back to its original quality, and will come with plenty of extra equity when complete due to the recent appraised value. The county also confirmed that this oversized double lot can be split providing an incredible opportunity for investors and developers to build two homes on these lots in an unbeatable location.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Courtyard, Irrigation System, Lighting, Private Mailbox, Rain Gutters, Sliding Doors
  • Fencing: Vinyl
  • Flooring: Concrete, Other, Terrazzo, Wood
  • Living Area: 2450.00
  • Roof: Membrane
Property Information
  • Property Condition: Fixer
Land Information
  • Lot Features: FloodZone, In County, Near Public Transit, Oversized Lot
School Information
  • High School: Sarasota High
  • Middle School: Brookside Middle
  • School Elementary: Phillippi Shores Elementary
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
  • Parking Features: Circular Driveway, Driveway, Open, Parking Pad
Eco-Communities
  • Green Energy Efficient: Doors, Windows
  • Pool Features: Gunite, Heated, In Ground, Lighting, Salt Water, Screen Enclosure, Tile
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air, Other, Zoned
  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Public, Sewer Available, Sewer Connected, Water Available, Water Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2023
Other Features
  • Accessibility Features: Accessible Entrance
  • Appliances: None
  • Country: US
  • Interior Features: Eat-in Kitchen, High Ceilings, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Skylight(s), Split Bedroom, Walk-In Closet(s)
  • Legal Description: LOTS 10 & 11 BLK 21 SIESTA BEACH
  • Levels: One
  • Area Major: 34242 - Sarasota/Crescent Beach/Siesta Key
  • Occupant Type: Vacant
  • Parcel Number: 0081070026
  • Style: Mid-Century Modern
  • Zoning Code: RSF2
Nearby Subdivisions
Bay Island   Bay Island Park   Bay Island Shores   Harbor Towers Y R   Harmony   Harmony Sub   Lands End   Mangroves Sub The   Midnight Harbor Sub   Mira Mar Exit   Mira Mar Sub   Ocean Beach   Ocean Beach Rep   Ocean View   Paradise Island   Princes Gate   Revised Plat Of Siesta   Riegels Landing   Roberts Point 2   Sabal Palms   Sanderling Club   Sanderling Club Siesta Key   Sanderling Club Siesta Propert   Sandy Hook   Sara Sands   Sarasota Beach   Siesta Bayside   Siesta Beach   Siesta Cove Sub   Siesta Estates   Siesta Isles   Siesta Key   Siesta Key Bay Island   Siesta Properties Inc   Siesta Rev Of   Siesta Rev Plat Of   Siesta Rev Resub   Siestas Bayside Bayside Club 0   Siestas Bayside Waterside East   Siestas Bayside Waterside Wood   Tortoise Estates   Village Sands 1  
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