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522 COMMONWEALTH LANE

House For Sale
$1,350,000

BTC: 22.35099338

ETH: 846.55951941

4 days
Waterfront
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 • For Sale • 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

Valuation

Our model vs. what's actually selling nearby.
Estimate
$974,950
$387K – $2.0M
Confidence Low
List vs. estimate
$375K above estimate
List $1,350,000 · +38.5%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$678
+119.4% vs. city median $309
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

Live counts in the same area.
View all
This zip
34242
203
median $1.2M
Active
Same city
SARASOTA
1,685
median $575K
Active
Same type
House
977
median $655K
Active
Similar price
$944K – $1.8M
203
median $1.2M
Active

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