4938 COMMONWEALTH DRIVE, SARASOTA, Sarasota, Residential
  • $2,695,000

Overview

Property ID: A4683758
  • Single Family Residence
  • Type
  • 4
  • Bedrooms
  • 3.5
  • Bathrooms
  • 2
  • Garages
  • 2169 Square Feet
  • Area Size

Description

Experience the pinnacle of waterfront luxury on Siesta Key’s prestigious Grand Canal. This meticulously reimagined residence at 4938 Commonwealth Drive offers a rare blend of modern sophistication, structural integrity, and complete peace of mind. Extensively transformed both structurally and aesthetically, the home welcomes you into an expansive open-concept design filled with natural light. The newly expanded kitchen serves as the heart of the home, offering abundant cabinetry and storage, a double oven, generous pantry storage, striking custom beam detail, an open breakfast bar, and direct access to the wraparound decking—creating seamless indoor-outdoor living and effortless entertaining. A stylish powder room has also been thoughtfully added. New hurricane-impact windows and sliding glass doors frame the interiors, while designer flooring flows beautifully throughout both levels. Major system upgrades elevate the home’s value and efficiency, including a brand-new roof and a comprehensive solar power system with battery storage. A fresh, contemporary interior palette enhances the clean architectural lines and airy coastal feel. The lower level adds over 1,300 square feet of legal non-conforming living space with its own private entry, garage access, and elevator connection to the main living areas, leading directly to the pool deck. Redesigned for modern functionality, this space features a spacious family entertainment area, custom bar, and an additional guest suite with a walk-in closet and full bath—ideal for extended family, guests, or a private retreat. Outdoor living is equally impressive. The private backyard sanctuary showcases a heated pool and spa with a new heater and filtration system, sleek updated decking, professional landscaping, and premium artificial turf for effortless maintenance. For the boating enthusiast, the deep-water dock and boat lift provide direct access to the Intracoastal Waterway and open waters of Sarasota Bay, delivering the ultimate waterfront lifestyle.

  • Address: COMMONWEALTH
  • City: SARASOTA
  • State/county: Sarasota
  • Zip/Postal Code: 34242
  • Area: SIESTA BEACH

Details

Updated on May 27, 2026 at 5:15 pm
  • Property ID A4683758
  • Price $2,695,000
  • Property Size 2169 Square Feet
  • Land Area 0.17 Square Feet
  • Bedrooms 4
  • Bathrooms 3.5
  • Garages 2
  • Year Built 1984
  • Type Single Family Residence
  • Property Status Residential

Additional details

  • AccessibilityFeatures Accessible Elevator Installed
  • ArchitecturalStyle Florida
  • BathroomsFull 3
  • BathroomsHalf 1
  • BuildingAreaTotal 4827
  • CoListAgentFullName Lin Dunn
  • CoListAgentMlsId 281503539
  • CoListOfficeMlsId 281502395
  • CoListOfficeName MICHAEL SAUNDERS & COMPANY
  • ConstructionMaterials Concrete, Stucco, Wood Frame (FSC Certified)
  • ContractStatusChangeDate 2026-03-02
  • Cooling Central Air
  • CoveredSpaces 2
  • CumulativeDaysOnMarket 86
  • DaysOnMarket 86
  • DirectionFaces East
  • Directions From the Siesta Key Bridge turn left onto MPR at the Higel light. Turn right on the first Commonwealth Drive after crossing the Grand Canal Bridge. Property down on the right. Vacant lot beside it that can be used for additional road parking.
  • Electric Photovoltaics Seller Owned
  • ElementarySchool Phillippi Shores Elementary
  • FireplaceFeatures Electric, Living Room, Ventless
  • Flooring Laminate, Porcelain Tile
  • FoundationDetails Slab, Stilt/On Piling
  • Furnished Unfurnished
  • GreenEnergyEfficient Solar Energy Storage On Site
  • GreenEnergyGeneration Solar
  • Heating Central, Electric
  • HighSchool Sarasota High
  • InternetAddressDisplayYN 1
  • InternetEntireListingDisplayYN 1
  • LaundryFeatures Electric Dryer Hookup, Inside, Laundry Room, Upper Level
  • LeaseConsideredYN 1
  • Levels Two
  • ListAOR Sarasota - Manatee
  • ListAgentAOR Sarasota - Manatee
  • ListAgentEmail mauricemenager@michaelsaunders.com
  • ListAgentFullName Maurice Menager
  • ListAgentKey 8feeae4f9a5fcd16882222d5547be033
  • ListAgentMlsId 281503595
  • ListAgentPreferredPhone 941-238-8119
  • ListOfficeKey 13ec17e0be74db4be9a139fc72c8e824
  • ListOfficeMlsId 281502395
  • ListOfficeName MICHAEL SAUNDERS & COMPANY
  • ListOfficePhone 941-349-3444
  • ListTeamName Team Dunn
  • ListingContractDate 2026-02-24
  • ListingKey 07366643c6077d485beda96ae9868920
  • ListingTerms Cash, Conventional
  • LivingAreaSource Appraiser
  • LotFeatures Flood Insurance Required, FloodZone, In County, Landscaped
  • LotSizeArea 7604
  • LotSizeSquareFeet 7604
  • MLSAreaMajor 34242 - Sarasota/Crescent Beach/Siesta Key
  • MiddleOrJuniorSchool Brookside Middle
  • MlsStatus Active
  • ModificationTimestamp May 27, 2026 at 03:09pm
  • OnMarketDate 2026-03-02
  • OriginalEntryTimestamp March 2, 2026 at 03:18pm
  • OriginalListPrice 3050000
  • OriginatingSystemKey stellar
  • OriginatingSystemName Stellar MLS
  • Ownership Fee Simple
  • ParcelNumber 0081070011
  • ParkingFeatures Garage Door Opener, Golf Cart Parking, Ground Level, Oversized, Parking Pad, Under Building
  • PatioAndPorchFeatures Covered, Deck, Rear Porch, Side Porch, Wrap Around
  • PetsAllowed Yes
  • PhotosChangeTimestamp March 4, 2026 at 05:11pm
  • PhotosCount 59
  • PoolFeatures Gunite, Heated, In Ground, Lighting, Solar Heat, Solar Power Pump, Tile
  • PostalCode 34242
  • PostalCodePlus4 1422
  • PriceChangeTimestamp May 22, 2026 at 07:41pm
  • PropertyCondition Completed
  • RoadFrontageType Street Paved
  • RoadSurfaceType Paved, Asphalt
  • Roof Shingle
  • RoomsTotal 13
  • SecurityFeatures Smoke Detector(s)
  • Sewer Public Sewer
  • SourceSystemKey 782928415
  • SpaFeatures Heated, In Ground
  • SpecialListingConditions None
  • StateOrProvince FL
  • StatusChangeTimestamp March 2, 2026 at 03:18pm
  • StoriesTotal 1
  • StreetName COMMONWEALTH
  • StreetNumber 4938
  • StreetNumberNumeric 4938
  • StreetSuffix DRIVE
  • TaxAnnualAmount 12149.85
  • TaxBlock 22
  • TaxBookNumber 1037-423
  • TaxLegalDescription LOT 17 & TH N 10 FT OF LOT 18 BLK 22 SIESTA BEACH
  • TaxLot 17
  • TaxYear 2025
  • Utilities BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Underground Utilities, Water Connected
  • View Pool, Water
  • WaterBodyName GRAND CANAL
  • WaterSource Public
  • WaterfrontFeatures Canal - Saltwater
  • WindowFeatures Blinds, Double Pane Windows, Shades, Thermal Windows
  • Zoning RSF2

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Magictown Realty
  • Magictown Realty

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