4938 Commonwealth Drive, Sarasota, FL 34242
Local realty services provided by:Better Homes and Gardens Real Estate Atchley Properties
Upcoming open houses
- Sun, Mar 0801:00 pm - 04:00 pm
Listed by: maurice menager, lin dunn
Office: michael saunders & company
MLS#:A4683758
Source:MFRMLS
Price summary
- Price:$3,050,000
- Price per sq. ft.:$631.86
About this home
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.
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Home facts
- Year built:1984
- Listing ID #:A4683758
- Added:6 day(s) ago
- Updated:March 08, 2026 at 08:45 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Full bathrooms:3
- Half bathrooms:1
- Flooring:Laminate, Tile
- Dining Description:Eat In Kitchen, Living Room/Dining Room Combo
- Kitchen Description:Bar Fridge, Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Eat-in Kitchen, Microwave, Refrigerator, Solid Surface Counters, Stone Counters
- Bedroom Description:High Ceilings, Primary Bedroom Main Floor, Primary Bedroom Upstairs, Split Bedroom, Walk-In Closet(s)
- Living area:2,169 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central, Electric
Structure and exterior
- Roof:Shingle
- Year built:1984
- Building area:2,169 sq. ft.
- Lot area:0.17 Acres
- Lot Features:Flood Zone, Landscaped, Paved
- Architectural Style:Florida
- Construction Materials:Concrete, Frame, Stucco
- Exterior Features:Covered Porch/Patio, Deck, Garden, Lighting, Rear Porch, Side Porch, Wrap Around
- Foundation Description:Slab, Stilt/On Piling
- Levels:2 Story
Schools
- High school:Sarasota High
- Middle school:Brookside Middle
- Elementary school:Phillippi Shores Elementary
Utilities
- Water:Public, Water Connected
- Sewer:Public, Public Sewer
Finances and disclosures
- Price:$3,050,000
- Price per sq. ft.:$631.86
- Tax amount:$12,150 (2025)
Features and amenities
- Appliances:Bar Fridge, Built-in Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Irrigation Equipment, Microwave, Refrigerator, Washer
- Laundry features:Dryer, Electric Dryer Hookup, Inside, Laundry Room, Laundry Upper Level, Washer
- Amenities:BB/HS Internet Available, Built-In Features, Cable Connected, Cathedral Ceiling(s), Ceiling Fans(s), Eat-in Kitchen, Elevator, High Ceilings, Irrigation Equipment, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Primary Bedroom Upstairs, Solid Surface Counters, Split Bedroom, Stone Counters, Thermostat, Underground Utilities, Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
- Pool features:Gunite, Heated, In Ground, Private Pool, Solar Heat, Solar Power Pump, Tile
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