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Presented by
Dawn Bear |
5019 COMMONWEALTH DRIVE, Siesta Key, FL, 34242 | $2,554,250
Pre-Construction. To be built. An exceptional pre-construction opportunity awaits on Commonwealth Drive, one of Siesta Key’s most coveted and picturesque streets. This . 26-acre lot, surrounded by multi-million-dollar homes and lush, mature landscaping, is being offered with thoughtfully crafted custom home plans by Yoder Construction—giving buyers a rare chance to build new in a prime island location. The existing cottage, rich in character, was impacted by recent hurricane flooding and holds no contributory value, creating a true blank canvas for your vision. The included plans feature The Oceana, a 2, 735 square foot elevated coastal retreat with four bedrooms, four and a half baths, a gourmet kitchen with Thermador appliances and quartz countertops, engineered wood or tile flooring, solid-core 8’ doors, Kohler fixtures, hurricane-rated windows and doors, a reinforced garage, and energy-efficient design—all meeting or exceeding current Florida building codes. Commonwealth Drive is known for its tranquility, towering oaks, and warm sense of community, offering a lifestyle that blends privacy and prestige. Just minutes away, you’ll find Siesta Key Beach with its world-renowned white sands and turquoise waters, along with Siesta Key Village’s vibrant boutiques, cafés, and waterfront dining. Whether you’re planning a private retreat, a forever home, or an investment, this pre-build offering is a rare chance to create something truly special in a location where land is limited and the lifestyle is unmatched. Contact us today to learn more or request the full floor plan of The Oceana and schedule an appointment to meet at the design center. This future build has been exclusively designed as part of an ISLAND SERIES for sustainable and long term living on Siesta Key built to withstand the island's unique weather conditions while embracing the coastal lifestyle.
Features
- Rooms: 9
- Bedrooms: 4
- Baths: 4 full / 1 half
- Lot Size: 50 x 135
- Laundry: Electric Dryer Hookup, Inside, Laundry Room, Other, Washer Hookup
- Style: Coastal
- Year Built: 1955
- Garage: 2-car
- Heating: Central
- Cooling: Central Air
- Approx Sq. Feet: 2,735
- Acreage: 0.26
- Lot Size: 50 x 135
- Est. Taxes: $3,715
- Lot Desc: Flood Insurance Required, FloodZone, Landscaped, Level, Oversized Lot, Private
- View: Garden, Trees/Woods
- Elem. School: Phillippi Shores Elementary
- Middle School: Brookside Middle
- High School: Sarasota High
- Pet Policy: Yes
- Appliances: Built-In Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Ice Maker, Microwave, Other, Range, Range Hood, Refrigerator, Tankless Water Heater, Washer
- MLS#: A4630299
- Days on Market: 142 days
- Buyer Broker Compensation: 3.00%
- Website: https://www.raveis.com
/mls/A4630299/5019commonwealthdrive_siestakey_fl?source=qrflyer
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Dawn BearLuxury Properties Specialist
941.468.7224
Dawn.Bear@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Pedro DelgadilloInsurance Sales Director, William Raveis Insurance
305.922.5393
Pedro.Delgadillo@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
5019 COMMONWEALTH DRIVE, Siesta Key, FL, 34242
$2,554,250
Dawn Bear
Luxury Properties Specialist
William Raveis Real Estate
Phone: 941.468.7224
Dawn.Bear@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $2,043,400 | $2,043,400 | $2,043,400 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.625% | 6.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.911% | 6.764% | 6.666% |
| Monthly Tax Payment | $310 | $310 | $310 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $12,582 | $13,084 | $17,800 |
| Total Monthly Payment | $13,017 | $13,519 | $18,235 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388