4938 Commonwealth Drive, Sarasota, FL 34242
Local realty services provided by:ERA American Suncoast
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....
Contact an agent
Home facts
- Year built:1984
- Listing ID #:A4683758
- Added:16 day(s) ago
- Updated:March 18, 2026 at 07:41 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
- Central air:Yes
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
Parking
- Parking description:Attached Garage, Basement, Garage Door Opener, Golf Cart Parking, Ground Level, Oversized, Parking Pad
- Garage:Yes
- Garage spaces:2
New listings near 4938 Commonwealth Drive
- New
$899,900Active3 beds 3 baths2,489 sq. ft.8600 Sundance Loop, SARASOTA, FL 34238
MLS# A4686463Listed by: ANDREWS & ASSOCIATES REALTY - New
$1,095,000Active3 beds 3 baths1,702 sq. ft.1001 Benjamin Franklin Drive #604, SARASOTA, FL 34236
MLS# A4686677Listed by: RE/MAX ALLIANCE GROUP - New
$164,900Active2 beds 2 baths984 sq. ft.2282 Piazza Drive #117, SARASOTA, FL 34238
MLS# TB8487622Listed by: EXP REALTY LLC - New
$650,000Active3 beds 3 baths1,628 sq. ft.2587 Ringling Boulevard, SARASOTA, FL 34237
MLS# A4686081Listed by: COLDWELL BANKER REALTY - New
$415,000Active3 beds 2 baths1,436 sq. ft.6456 Tarawa Drive, SARASOTA, FL 34241
MLS# A4686718Listed by: MEDWAY REALTY - New
$595,000Active3 beds 2 baths2,282 sq. ft.5453 Ashton Manor Drive, SARASOTA, FL 34233
MLS# A4686593Listed by: WAGNER REALTY - New
$535,000Active3 beds 3 baths2,008 sq. ft.5894 Benevento Drive, SARASOTA, FL 34238
MLS# A4684183Listed by: FINE PROPERTIES - New
$2,050,000Active4 beds 6 baths4,541 sq. ft.8232 Summer Night Road, SARASOTA, FL 34241
MLS# A4686481Listed by: COMPASS FLORIDA LLC - New
$599,000Active3 beds 2 baths1,741 sq. ft.2324 Riverwood Pines Drive, SARASOTA, FL 34231
MLS# N6143475Listed by: RE/MAX PALM REALTY OF VENICE - Open Sat, 12 to 3pmNew
$599,900Active2 beds 2 baths950 sq. ft.445 N Orange Avenue #306, SARASOTA, FL 34236
MLS# A4686070Listed by: COLDWELL BANKER REALTY