4859 COMMONWEALTH DRIVE, Sarasota, FL 34242

  • $990,000.00
  • $1,100,000.00
  • Address: 4859 COMMONWEALTH DRIVE
  • City: Sarasota
  • State/county: FL
  • Zip/Postal Code: 34242
  • Area: SIESTA BEACH

Description

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.

Details

  • Property ID A4660321
  • Price $990,000.00
  • Property Size 2780 sqft
  • Land Area 0.3 sqft
  • Bedrooms 3
  • Bathrooms 3
  • Garage Size x x
  • Year Built 1950
  • Type Triplex, Residential Income
  • Property Status Active, For Sale

Additional details

  • Listing Terms Cash,Conventional,FHA
  • Roof Membrane
  • Utilities Cable Available,Public,Sewer Connected,Underground Utilities,Water Connected
  • Sewer Public Sewer
  • Cooling Wall/Window Unit(s)
  • Heating Electric,Ductless
  • Flooring Carpet,Ceramic Tile
  • County Sarasota
  • Property Type Residential Income
  • Parking Ground Level,Off Street

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All information contained herein is deemed accurate but is to be verified by the purchaser. Buyer's Agent is responsible for their due diligence, including but not limited to verifying community information and rules, square feet, room dimensions and taxes, lot size, utility data, and school assignments. Room sizes and square footage are approximate and should be independently verified by the buyer/buyer's agent.

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