new - 2 days on rocket

4879 Commonwealth Dr, Sarasota, FL, 34242

$1,495,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
3 Full Baths
2,450 SqFt
$610/SqFt
House

Location

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4879 Commonwealth Dr, Sarasota$1,495,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingCircular Driveway, Driveway, Open, Parking Pad
Year Built1957
HeatingCentral, Electric
CoolingCentral Air, Other, Zoned
FireplaceElectric, Insert, Living Room
Private PoolYes
MLS #A4632845
Lot Size0.25 Acres
StatusActive

About 4879 Commonwealth Dr

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.

Property Details

Property Features

Property Information:

  • Architectural Style: Mid-Century Modern
  • Year Built: 1957
  • Stories: 1
  • Living Area: 2,450 SqFt

Listing Office:

  • Office Name: PREFERRED SHORE LLC
  • Office Phone: (941) 999-1179
  • Listing Agent: Daniel Petrilla

Interior Features

Interior Information:

  • Appliances: None
  • Flooring Type: Concrete, Other, Terrazzo, Wood
  • Interior: 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)
  • Fireplace: Electric, Insert, Living Room

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Exterior: Courtyard, Irrigation System, Lighting, Private Mailbox, Rain Gutters, Sliding Doors

Parking Information:

  • Parking: Circular Driveway, Driveway, Open, Parking Pad

Virtual/3D Tour

  • 3D Tour: 4879 Commonwealth Dr
3D Tour

Lot Features

Lot Information:

  • Lot: Flood Zone, Near Public Transit, Oversized Lot
  • Lot Size: 0.25 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Other, Zoned

Other

Directions Information:

  • 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, tur right onto Commonwealth Drive. Property is on left/east side of street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,495,000
  • Price Per SqFt: $610/SqFt

Tax Information:

  • Annual Amount: $3,863
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Sarasota, FL.

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Sarasota, FL

City

Med. Sold Price

$515.5K

Med. Price/SqFt

$302

Avg. Days On Market

76

# of Sold Homes

297

4879 Commonwealth Dr vs Sarasota

2 DAYS ON ROCKET

-74 Days

$1,495,000

+$979.4K More

$610/SqFt

+$307 More

KEY TAKEAWAY

This property is $979.4K more than the Median Sold Price and $307/SqFt more than other homes in Sarasota, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #A4632845

Listing Office:

  • Office Name: PREFERRED SHORE LLC
  • Office Phone: (941) 999-1179
  • Listing Agent: Daniel Petrilla

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 8:19:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 30, 2003Home Sold
$508,000

Tax History

YEARPROP. TAXASSESSMENT
2020$3,863$307,883
2019$3,729$300,961
2018$3,641$295,349
2017$3,623$289,274

History based on county public records data.

Payment Calculator

$7,529

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,549

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-776372
8
/10

  • Phillippi Shores Elementary School

  • 4747 S Tamiami Trl

  • 1.63 miles

  • Public Magnet Grades PK-5

school-card-donut-776373
10
/10

  • Southside Elementary School

  • 1901 Webber St

  • 2.31 miles

  • Public District Grades PK-5

school-card-donut-776374
6
/10

  • Gulf Gate Elementary School

  • 6500 S Lockwood Ridge Rd

  • 3.12 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $109,115. The majority of Sarasota, FL residents have income between $100k-200k annually. The most common type of family is married, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 4879 Commonwealth Dr

What is the listing price of this property?

The listing price of 4879 Commonwealth Dr property is $1,495,000.

What type of property is this?

The property 4879 Commonwealth Dr is a house located in Sarasota, Florida, 34242.

Is this property for sale now?

Active Listing: 4879 Commonwealth Dr is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $3,863 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on December 30, 2003 for $508,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 4879 Commonwealth Dr has 4 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 4879 Commonwealth Dr is 2,450 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 4879 Commonwealth Dr is 1957.

Rocket Homes›Florida›Sarasota County›Sarasota›34242›4879 Commonwealth Dr

This home is located at 4879 Commonwealth Dr in Sarasota, FL and zip code 34242 in the Siesta Key neighborhood. This 2,450 square foot home, which was built in 1957, sits on a 0.25 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since December 19, 2024 and is currently priced at $1,495,000.

While more than 12 listings in Sarasota, FL in November 2024 were sold above asking price, there were more than 48 listings sold at asking price, and more than 237 were sold below. The number of homes for sale in Sarasota, FL increased by 9.7% between October 2024 and November 2024. While the average time on the market in November 2024 was 76 days, the median list price was $515,531.

From Rocket Homes Real Estate and based on county public records data.

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