About 4859 Commonwealth Drive
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.
Features of 4859 Commonwealth Drive
| MLS® # | A4660321 |
|---|---|
| Price | $1,250,000 |
| Bedrooms | 3 |
| Bathrooms | 3.00 |
| Square Footage | 2,222 |
| Acres | 0.30 |
| Year Built | 1950 |
| Type | Residential Income |
| Sub-Type | Triplex |
| Status | Active |
Listing Details
| Office | HARRY ROBBINS ASSOC INC |
|---|
Listing Map
Neighborhood Information for 4859 Commonwealth Drive
Low Residential Turnover, Coastal Area
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Out-Of-Door Academy Private - Preschool to 5Th Grade - Closest Elementry School |
0 Miles | |
|
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Sarasota Virtual Instruction Program Public - Kindergarten to 12Th Grade - Closest Middle School |
1 Miles | |
|
|
Ese Special Programs Public - Preschool to 12Th Grade |
1 Miles | |
|
Phillippi Shores Elementary School Public - Kindergarten to 5Th Grade |
1 Miles | |
|
|
Waldorf Sarasota Private - Preschool to 5Th Grade |
2 Miles | |
|
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Saltmeadow School Private - to |
2 Miles | |
|
Southside Elementary School Public - Kindergarten to 5Th Grade |
2 Miles |
School data provided by GreatSchools