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Rebecca L Compton
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$1,350,000

522 Commonwealth Lane Sarasota, FL 34242 Residential - Single Family Active

  • 522 Commonwealth Lane, Sarasota, FL 34242 Main Photo

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Description

Rare Grand Canal redevelopment opportunity on Siesta Key, offered at land value. This estate-sale homesite delivers approximately 168 feet of water frontage, among the most generous on the Grand Canal, along one of the canal's widest, most open stretches, with long water views and exceptional ease of egress. Boaters enjoy quick passage to the Intracoastal Waterway and on to the Gulf, with the bridge just minutes away. On a peaceful cul-de-sac, the site pairs privacy with proximity, with a short bike ride to the powdery white sand of top-rated Siesta Key Beach. Build anew and capture full water views or renovate to your vision. While the primary value is the exceptional lot, according to the seller, water has not intruded the interior of the existing home. Sold at land value, buyer to perform all due diligence. Opportunities of this width, frontage and location on the Grand Canal are exceedingly rare.

Property Highlights

Property Type: Residential - Single Family
Cooling: Central Air
Garage: 2 car attached
Heating: Electric
Home Style: Mediterranean
Lot Size: 0.27 Acres
Roof Type: Tile
Stories: 1.0
Taxes: $5,889
Year Built: 1979

General Information

Bedrooms: 3
Bathrooms: 2 Full 1 Half
Sqft: 1,990
County: Sarasota
Subdivision: SIESTAS BAYSIDE WATERSIDE EAST
Listed By:
Karen Whitaker PREMIER SOTHEBY'S INTERNATIONAL REALTY 941-364-4000

Amenities

Primary Bedroom Main Floor
Sidewalk

Room Information

Dining Room: 8x9
Kitchen: 10x11
Laundry: 9x7
Living Room: 8x10
Primary Bedroom: 16x21
Primary Bathroom: 7x12
Bedroom 2: 14x13
Bonus Room: 12x24
Bedroom 3: 15x16
Dinette: 8x9

Property Features

Appliances: None
Body of Water: GRAND CANAL
Days on Site: 1
Directions: On Siesta Key take Midnight Pass Road south to Commonwealth Drive. West on Commonwealth drive to Commonwealth Lane. North or right to the home at the end of the cul-de-sac.
Exterior: Stucco
Flood Zone Code: AE
Flooring: Ceramic Tile
Foundation: Block
Frontage Canal Brackish: 168
Garage Dimensions: 21x21
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot: Cul-De-Sac
Lot Dimensions: 0.27
Ownership: Fee Simple
Parking: Driveway, Ground Level
Parking Notes: Driveway, Ground Level
Patio/Porch: Front Porch, Patio
Pool: Gunite
Property Attached Y/N: No
Property Sub-Type: Single Family Residence
Sewer: Public Sewer
Showing Instructions: Appointment Only, No Lockbox, ShowingTime
Special Sale Provisions: None
Special View Info: Water
Swimming Pool: Yes
Utilities: Electricity Connected
Vegetation: Mature Landscaping
Water: Canal/Lake For Irrigation
Water Access: Canal - Brackish, Canal - Saltwater
Water Access Y/N: Yes
Waterfront Features: Canal - Brackish, Canal Front
Water View: Canal
Zoning: RSF2
$1,350,000
3beds
2.5baths
1,990sqft
2cars
New to the Market Active
BEDS3 BATHS2 full 1 partial SQUARE FEET1,990 MLS#A4696439
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONSIESTAS BAYSIDE WATERSIDE EAST

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522 Commonwealth Lane, Sarasota, FL 34242.

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Estimated Payment

$ 5,437.82 per month $4,553.32 Principal & Interest $490.75 Property Tax $393.75 Homeowner's Insurance

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About this area

Florida/Sarasota
Sarasota

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About Sarasota

Sarasota, FL is a cultural gem. Once home to the Ringling Brothers Circus, Sarasota boasts a rich arts scene that brings people from all over the area to enjoy world-class theater, music, and other performing arts. Sarasota is also a haven with spectacular scenery, turquoise water and white sandy beaches. It offers a delightful downtown with a variety of small boutiques and exceptional restaurants. With its dynamic culture and arts scene and incredible natural beauty, Sarasota is a wonderful place to call “home.” 

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 06/30/2026. The listing information on this page last changed on 06/30/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 06/30/2026 12:02:48 AM EST) or Stellar MLS (last updated Mon 06/29/2026 11:44:17 PM EST). Real estate listings held by brokerage firms other than Wagner Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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