$1,250,000
4859 COMMONWEALTH DRIVE
SARASOTA, FL, 34242
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.
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
Price:
$1,250,000
MLS #:
A4660321
Status:
Active
Beds:
3
Baths:
3
Address:
4859 COMMONWEALTH DRIVE
Type:
Multi Family
Subtype:
Triplex
Subdivision:
SIESTA BEACH
Neighborhood:
34242 – Sarasota/Crescent Beach/Siesta Key
City:
SARASOTA
Listed Date:
Aug 5, 2025
State:
FL
Finished Sq Ft:
2,222
Total Sq Ft:
2,780
ZIP:
34242
Lot Size:
13,014 sqft / 0.30 acres (approx)
Year Built:
1950
Units:
3
Schools
Interior
Appliances
Dishwasher, Dryer, Microwave, Range, Range Hood, Refrigerator, Washer
Cooling
Wall/ Window Unit(s)
Flooring
Carpet, Ceramic Tile
Heating
Electric, Wall Units / Window Unit
Laundry Features
Common Area, Laundry Room, Outside
Exterior
Construction Materials
Block, Wood Frame
Exterior Features
Fenced, Outdoor Grill, Rain Gutters, Sliding Doors, Storage
Other Structures
Shed(s)
Parking Features
Ground Level, Off Street
Roof
Membrane
Security Features
Smoke Detector(s)
Financial
Tax Year
2024
Taxes
$9,623
Mortgage Calculator
Map
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Courtesy of HARRY ROBBINS ASSOC INC. Disclaimer: All data relating to real estate for sale on this page comes from the Internet Data Exchange (IDX) Program of Stellar MLS. Detailed information about real estate listings held by brokerage firms other than Treasured Home Collection include the name of the listing broker. Neither the listing company nor Treasured Home Collection shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. Stellar MLS. All rights reserved. 4859 COMMONWEALTH DRIVE
SARASOTA, FL
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