Listing Details for MLS #A4696439
522 Commonwealth Lane, Sarasota, Fl

Residential Property - Single Family Residence in Sarasota

Listing Price: $1,350,000 (Mortgage Calculator →)

Description of Property

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. Tucked on a peaceful cul-de-sac, the site pairs privacy with proximity: 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, per 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.The average asking price for a 3 bedroom/2 bath single family residence in this Zip code is $2,260,071. This single family residence is listed at about 60% of the average asking price. There are 4 3 bedroom/2 bath homes between $1,200,000 and $1,600,000 currently listed for sale in this Zip code. See other listings like this one »