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4938 COMMONWEALTH DR Sarasota, FL 34242 Open Sat 12PM-3PM

UPDATED: 03/04/2026 11:30 PM ON MARKET: 2 days on market

$3,050,000

4 Beds4 Baths2,169 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,169 sqft

Price per Sqft $1,406

Subdivision Siesta Beach

MLS Listing ID A4683758

Bedrooms 4

Full Baths 3

Half Baths 1

Construction Status Completed

HOA Y/N No

Year Built 1984

Annual Tax Amount $12,149

Lot Size 7,405 Sqft

Acres 0.17

Property Sub-Type Single Family Residence

Source Stellar MLS

Location

State FL

County Sarasota

Community Siesta Beach

Area 34242 - Sarasota/Crescent Beach/Siesta Key

Zoning RSF2

Rooms

Other Rooms Bonus Room,Family Room,Great Room,Inside Utility,Media Room

Interior

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

Heating Central,Electric

Cooling Central Air

Flooring Laminate,Tile

Fireplaces Type Electric,Living Room,Ventless

Furnishings Unfurnished

Fireplace true

Appliance Bar Fridge,Built-In Oven,Convection Oven,Cooktop,Dishwasher,Disposal,Dryer,Electric Water Heater,Microwave,Refrigerator,Washer

Laundry Electric Dryer Hookup,Inside,Laundry Room,Upper Level

Exterior

Exterior Feature Garden,Lighting,Permeable Paving

Parking Features Garage Door Opener,Golf Cart Parking,Ground Level,Oversized,Parking Pad,Basement

Garage Spaces 2.0

Pool Gunite,Heated,In Ground,Lighting,Solar Heat,Solar Power Pump,Tile

Utilities Available BB/HS Internet Available,Cable Connected,Electricity Connected,Public,Underground Utilities,Water Connected

Waterfront Description Canal Front

View Y/N Yes

Water Access Yes

Water Access Desc Bay/Harbor,Canal - Brackish,Canal - Saltwater,Intracoastal Waterway

View Pool,Water

Roof Type Shingle

Porch Covered,Deck,Rear Porch,Side Porch,Wrap Around

Attached Garage true

Garage true

Private Pool Yes

Building

Lot Description Flood Insurance Required,FloodZone,In County,Landscaped,Paved

Story 1

Entry Level Two

Foundation Slab,Stilt/On Piling

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Architectural Style Florida

Structure Type Concrete,Stucco,Frame

New Construction false

Construction Status Completed

Schools

Elementary Schools Phillippi Shores Elementary

Middle Schools Brookside Middle

High Schools Sarasota High

Others

Pets Allowed Yes

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash,Conventional

Listing Terms Cash,Conventional

Special Listing Condition None

Property 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.