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565 COMMONWEALTH PLACE

House For Sale
$1,895,000

BTC: 29.60937500

ETH: 995.98452676

13 days
Waterfront
3 bds
2 ba
1,849 sqft

Overview

Tucked away on a quiet cul-de-sac in one of Siesta Key's most desirable waterfront neighborhoods, this beautifully maintained canal-front residence offers the kind of island lifestyle buyers dream about. Set on an exceptional pie-shaped homesite with 129 feet of waterfront and recapped seawall, this low-wake arm of the Grand Canal offers quick access to Roberts Bay while its calm, protected basin provides a peaceful, private setting for both boating and everyday waterfront living. Designed for easy indoor-outdoor living, the three-bedroom, two-bath home opens seamlessly to a private backyard retreat where a heated pool, fire pit and spacious screened lanai invite long afternoons in the Florida sunshine and evenings spent under the palms. The broad canal views create an unexpected sense of space, offering peaceful water vistas without feeling confined by neighboring homes. Whether entertaining friends or enjoying a quiet morning overlooking the water, every space feels relaxed, comfortable and unmistakably coastal. Inside, tray ceilings, plantation shutters and an abundance of natural light create a warm, welcoming atmosphere. The thoughtfully updated kitchen features solid maple cabinetry, granite countertops, premium appliances, abundant storage and a convenient pass-through window for effortless entertaining. The spacious primary suite overlooks the pool and canal, complete with a generous walk-in closet and an updated ensuite bath with dual vanities, soaking tub and separate shower. A split-bedroom floor plan offers privacy for owners and guests alike. Boaters will appreciate the Trex dock, expanded waterside paver patio, 10,000-pound lift, fish cleaning station and protected canal setting, while the fully fenced yard, hurricane shutters, oversized laundry room, paver driveway and two-car garage add everyday convenience. The home remained dry during the 2024 storms, offering valuable peace of mind. Perhaps what makes this property so special isn't simply its long list of amenities, but the life it invites. It's the kind of home where grandchildren cannonball into the pool, dogs race across the backyard, friends linger around the fire pit long after sunset, and an evening boat ride becomes part of the daily routine. For those ready to trade elevators and HOA hallways for a private dock, a backyard made for gathering and a different sense of home, this is a rare opportunity. Just minutes from our famous Siesta Beach, the lively Siesta Key Village and the vibrancy downtown Sarasota, it offers waterfront living that feels both peaceful and connected.

Location

Details

Type:
Residential
Parking:
Driveway / Garage Door Opener
Year Built:
1973
Lot:
0.22 Acres
Heating:
Central / Electric
Price/sqft:
$1,025
Cooling:
Central Air
HOA:
$500

Valuation

Our model vs. what's actually selling nearby.
Estimate
$499,500
$359K – $1.0M
Confidence Low
List vs. estimate
$1.4M above estimate
List $1,895,000 · +279.4%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,024
+214.7% vs. city median $325
Based on
41 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$14,976
2025
HOA
$500/yr
Common Area Taxes
Pool
Gunite
View
Water
Waterfront
Canal - Saltwater
Garage
2 car garage
Furnished
Furnished
Pets
Allowed
All facts and features
  • Flooring

    • Tile

    • Travertine

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    Appliances

    • Built-In Oven

    • Cooktop

    • Dishwasher

    • Disposal

    • Dryer

    • Electric Water Heater

    • Exhaust Fan

    • Refrigerator

    • Washer

    Other interior features

    • Ceiling Fan(s)

    • Crown Molding

    • Eating Space In Kitchen

    • Open Floorplan

    • Primary Bedroom Main Floor

    • Solid Wood Cabinets

    • Stone Counters

    • Tray Ceiling(s)

    • Walk-In Closet(s)

    • Window Treatments

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Full bathrooms: 2

  • Parking

    • Driveway

    • Garage Door Opener

    Property

    • Levels: One

    • Pool Private: Yes

    • Exterior Features: Fire Pit / Garden / Hurricane Shutters / Irrigation System / Outdoor Grill / Private Yard / Rain Gutters / Sliding Doors

    Lot

    • Lot: 0.22 Acres

    Other Property Information

    • Parcel Number: 0079150036

    • Zoning: RSF2

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Cable Connected

    • Electricity Connected

    • Public

    • Sewer Connected

    • Water Connected

  • Other financial information

    • HOA: $500

    • HOA Frequency: Annually

    • Annual tax amount: $14,976

  • Source details

    • MLS ID: A4698496

    Other facts

    • Construction Materials: Block / Stucco

    • Foundation Details: Slab

    • Laundry Features: Inside / Laundry Room

    • Lot Features: Cul-De-Sac / FloodZone / In County / Landscaped

    • Patio And Porch Features: Covered / Deck / Front Porch / Rear Porch / Screened

    • Pool Features: Gunite / Heated / In Ground

    • Direction Faces: Southwest

    • Architectural Style: Florida / Ranch

    • Waterfront: Yes

    • Garage Spaces: 2

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 1849

    • Water Source: Public

    • Subdivision Name: SIESTAS BAYSIDE WATERSIDE EAST REP LTS 18 & 19

Private inquiry
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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: MICHAEL SAUNDERS & COMPANY