522 COMMONWEALTH LANE

House Active With Contract

$1,350,000

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ETH: 709.54042804

3 days

Waterfront

Active With Contract

House

3 bds •

2 ba •

1,990 sqft

Overview

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.

Location

Florida • SARASOTA • 34242 • House • Active With Contract • Waterfront

Details

Type:

Residential

Parking:

Driveway / Ground Level

Year Built:

1979

Lot:

0.27 Acres

Heating:

Electric

Price/sqft:

$678

Cooling:

Central Air

HOA:

No Data

Type:

Residential

Parking:

Driveway / Ground Level

Year Built:

1979

Lot:

0.27 Acres

Heating:

Electric

Price/sqft:

$678

Cooling:

Central Air

HOA:

No Data

Private inquiry

Talk to the advisor on this listing.

Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

Valuation

Our model vs. what's actually selling nearby.

Estimate

$577,000

$469K – $994K

Confidence Low

List vs. estimate

$773K above estimate

List $1,350,000 · +134.0%

Our model says this listing is priced above recent comparable activity. Room to negotiate.

Price per sq ft

$678

+110.4% vs. city median $322

Based on

8 MLS comparables

Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax

$5,889

2025

Pool

Gunite

View

Water

Waterfront

Canal - Brackish, Canal Front

Garage

2 car garage

All facts and features

Flooring

• Ceramic Tile

Heating

• Electric

Cooling

• Central Air

Appliances

• None

Other interior features

• Primary Bedroom Main Floor

Bedrooms and bathrooms

• Bedrooms: 3

• Bathrooms: 1

• Full bathrooms: 2
Parking

• Driveway

• Ground Level

Property

• Levels: One

• Pool Private: Yes

• Exterior Features: Sidewalk

Lot

• Lot: 0.27 Acres

Other Property Information

• Parcel Number: 0081030021

• Zoning: RSF2
Type and style

• Property Type: Residential

• Property Sub Type: Single Family Residence
Utility

• Electricity Connected
Other financial information

• Annual tax amount: $5,889
Source details

• MLS ID: A4696439

Other facts

• Construction Materials: Stucco

• Foundation Details: Block

• Laundry Features: Laundry Room

• Lot Features: Cul-De-Sac

• Patio And Porch Features: Front Porch / Patio

• Pool Features: Gunite

• Direction Faces: Northeast

• Architectural Style: Mediterranean

• Waterfront: Yes

• Water Body Name: GRAND CANAL

• Garage Spaces: 2

• Attached Garage: Yes

• Garage: Yes

• Living Area: 1990

• Water Source: Canal/Lake For Irrigation

• Subdivision Name: SIESTAS BAYSIDE WATERSIDE EAST

Private inquiry

Talk to the advisor on this listing.

Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

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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: PREMIER SOTHEBY'S INTERNATIONAL REALTY

522 COMMONWEALTH LANE

Overview

Location

Details

Valuation

Highlights

Interior details

Property details

Construction details

Utilities / Green Energy Details

HOA and Financial Details

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