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4938 Commonwealth Drive, Sarasota, FL

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$3,050,000

($1,406/sqft)

List Status: Active
4938 Commonwealth Drive
Sarasota, FL 34242


4 beds
3 baths
2169 living sqft
Top Features
  • Frontage: Canal Front
  • View: Water, Pool
  • Subdivision: Siesta Beach
  • Built in  1984
  • Single Family Residence
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 ult
Property Details
Additional Information
Accessibility Features
Accessible Elevator Installed
Additional Lease Restrictions
Sarasota County guidelines
Additional Parcels YN
false
Additional Rooms
Bonus Room, Family Room, Great Room, Inside Utility, Media Room
Additional Water Information
Direct access to the Intracoastal with only the Grand Canal Bridge crossing MPR with its vertical clearance of 12 feet MHW and its tidal variance between 13 and 16 feet.
Alternate Key Folio Num
0081070011
Appliances
Bar Fridge, Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
Architectural Style
Florida
Association YN
false
Attached Garage YN
true
Available For Lease YN
1
Bathrooms Total Integer
4
Building Area Source
Public Records
Building Area Total
4827
Building Area Total Srch SqM
448.44
Building Area Units
Square Feet
Calculated List Price By Calculated SqFt
1406.18
Carport YN
false
Construction Materials
Concrete, Stucco, Frame
Cooling
Central Air
Country
US
Cumulative Days On Market
4
Current Price
3050000.00
Direction Faces
East
Elementary School
Phillippi Shores Elementary
Exterior Features
Garden, Lighting, Permeable Paving
Fireplace Features
Electric, Living Room, Ventless
Fireplace YN
true
Flood Zone Code
AE
Flood Zone Date
2024-03-27
Flood Zone Panel
12115C0143G
Flooring
Laminate, Tile
Foundation Details
Slab, Stilt/On Piling
Furnished
Unfurnished
Garage Spaces
2
Garage YN
true
Green Energy Efficient
Solar Energy Storage On Site
Green Energy Generation
Solar
Heating
Central, Electric
High School
Sarasota High
Homestead YN
1
Interior Features
Built-in Features, Cathedral Ceiling(s), Ceiling Fans(s), Eat-in Kitchen, Elevator, High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, PrimaryBedroom Upstairs, Solid Surface Counters, Split Bedroom, Stone Counters, Thermostat, Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
Internet Address Display YN
true
Internet Automated Valuation Display YN
false
Internet Consumer Comment YN
false
Internet Entire Listing Display YN
true
Laundry Features
Electric Dryer Hookup, Inside, Laundry Room, Upper Level
Lease Restrictions YN
1
Levels
Two
List AOR
Sarasota - Manatee
Living Area Meters
201.51
Living Area Source
Appraiser
Living Area Units
Square Feet
Lot Features
Flood Insurance Required, FloodZone, In County, Landscaped, Paved
Lot Size Acres
0.17
Lot Size Square Feet
7604
Lot Size Square Meters
706
Middle Or Junior School
Brookside Middle
Minimum Lease
1 Month
Modification Timestamp
2026-03-06T18:44:11.675Z
New Construction YN
false
Num Times per Year
12
Occupant Type
Owner
Other Equipment
Irrigation Equipment, Permeable Paving
Ownership
Fee Simple
Parcel Number
0081070011
Patio And Porch Features
Covered, Deck, Rear Porch, Side Porch, Wrap Around
Pets Allowed
Yes
Pool Private YN
true
Postal Code Plus 4
1422
Property Attached YN
false
Property Condition
Completed
Public Survey Range
17E
Public Survey Section
12
RATIO Current Price By Calculated SqFt
1406.18
Realtor Info
Brochure Available, Floor Plan Available, See Attachments, Sign, Survey Available
Road Responsibility
Public Maintained Road
Road Surface Type
Asphalt
Roof
Shingle
Room Count
13
SW Subdiv Community Name
Siesta Beach
Security Features
Smoke Detector(s)
Senior Community YN
false
Sewer
Public Sewer
Showing Requirements
Appointment Only, Call Listing Agent, Listing Agent Must Accompany, ShowingTime
Spa Features
Heated, In Ground
Spa YN
true
Status Change Timestamp
2026-03-02T15:18:10.000Z
Stories Total
1
Tax Annual Amount
12149.85
Tax Block
22
Tax Book Number
1037-423
Tax Legal Description
LOT 17 & TH N 10 FT OF LOT 18 BLK 22 SIESTA BEACH
Tax Lot
17
Tax Year
2025
Total Acreage
0 to less than 1/4
Total Annual Fees
0.00
Total Monthly Fees
0.00
Township
37S
Universal Property Id
US-12115-N-0081070011-R-N
Unparsed Address
4938 COMMONWEALTH DR
Utilities
BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Underground Utilities, Water Connected
Vegetation
Trees/Landscaped
Water Access
Bay/Harbor, Canal - Brackish, Canal - Saltwater, Intracoastal Waterway
Water Access YN
1
Water Body Name
GRAND CANAL
Water Extras
Bridges - Fixed, Lift, No Wake Zone, Seawall - Concrete, Seawall - Other
Water Extras YN
1
Water Source
Public
Water View
Canal
Water View YN
1
Waterfront Feet Total
62
Waterfront YN
true
Window Features
Blinds, Double Pane Windows, Shades, Thermal Windows
Zoning
RSF2
Neighborhood Map
Popup

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MLS #MFRA4683758 Listing courtesy of Michael Saunders & Company provided by Stellar MLS.

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All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independent verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. The source of the listing data is as follows: Stellar MLS (updated 3/7/26 5:23 AM) |

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