4859 COMMONWEALTH DR Sarasota, FL 34242
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,222 sqft
Price per Sqft $562
Subdivision Siesta Beach
MLS Listing ID A4660321
Bedrooms 3
Construction Status Completed
HOA Y/N No
Year Built 1950
Annual Tax Amount $9,623
Lot Size 0.300 Acres
Acres 0.3
Property Sub-Type Triplex
Source Stellar MLS
Property Description
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.
Location
State FL
County Sarasota
Community Siesta Beach
Area 34242 - Sarasota/Crescent Beach/Siesta Key
Zoning RSF2
Rooms
Other Rooms Garage Apartment
Interior
Interior Features Built-in Features, Living Room/Dining Room Combo, Solid Surface Counters
Heating Ductless
Cooling Wall/Window Unit(s)
Flooring Carpet, Ceramic Tile
Fireplaces Type Other
Furnishings Furnished
Fireplace true
Appliance Convection Oven, Dryer, Microwave, Refrigerator, Washer
Laundry Common Area, Outside
Exterior
Exterior Feature Fence, Sliding Doors, Storage
Parking Features Off Street
Utilities Available Sewer Available, Water Connected
Roof Type Built-Up
Porch Patio
Garage false
Private Pool No
Building
Lot Description Oversized Lot, Paved
Entry Level Two
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Private Sewer
Water Public
Structure Type Concrete,Stucco,Wood Siding
New Construction false
Construction Status Completed
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition None
