$1,495,000
For Sale

4879 COMMONWEALTH DRIVE

Sarasota, FL 34242
2886 sqft | 4 beds | 3 baths | 0.25 acres | #A4632845
Browse 15 photos
Type:Purchase
Structure:House
Zone:Residential

Description

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
      • InteriorEat-in Kitchen, High Ceilings, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Fl
      • Utility FeaturesCable Available, Electricity Available, Public, Sewer Available, Sewer Connected, Water Available, Water Connected
      • Exterior MaterialsCourtyard, Irrigation System, Lighting, Private Mailbox, Rain Gutters, Sliding Doors
      • Lot DescriptionFloodZone, In County, Near Public Transit, Oversized Lot
      • Elementary SchoolPhillippi Shores Elementary
      • Property SubtypeSingle Family Residence
      • Middle SchoolBrookside Middle
      • High SchoolSarasota High
      • Sewer InformationPublic Sewer
      • SubdivisionSIESTA BEACH
      • Original List Price$1,495,000
      • Property TypePurchase
      • CountySarasota
      • MLS #A4632845
      • MLS #A4632845
      • Taxes Annual$10,411
      • Cost1495000
      • Utility SourcePublic
      • Property ConditionFixer
      • Acres0.25
      • Square Feet2886
      • Year Built1957
      • FoundationSlab
      • Bedrooms4
      • Bathrooms3
      • Full Baths3
      • Stories1
      • Days on Market (Cumulative)5

Location

Alfonso Gonzalez | People's Choice Realty Services LLC Real Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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