4938 COMMONWEALTH DRIVE Sarasota, FL $ 3,050,000
4938 COMMONWEALTH DRIVE
$ 3,050,000
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4938 COMMONWEALTH DRIVE

Sarasota, FL, 34242
$ 3,050,000
Bedrooms4 Baths3.1 Sq 2,169

Monthly Estimate*

$ 18,779

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Single Family Home for sale in Sarasota, FL

for $3,050,000 with 4 bedrooms and 3 full baths, 1 half bath. This 2,169 square foot home was built in 1984 on a lot size of 0.17.

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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Single Family Active

Price

$ 3,050,000

Bedrooms

4

Full Bath

3

Half Bath

1

Property Type

Single Family

Taxes

$ 12,149

Style

Florida

Lot Size

0.17

Year Built

1984

Town/City

Sarasota

County/Region

Sarasota

MLS | Web ID

A4683758

Features
General
Sewer Public Sewer
Heating Central Electric
Cooling Central Air
Utilities BB/HS Internet Available Cable Connected Electricity Connected Public Underground Utilities Water Connected
Roof Shingle
Appliances Bar Fridge Built-In Oven Convection Oven Cooktop Dishwasher Disposal Dryer Electric Water Heater Microwave Refrigerator Washer
Zoning RSF2
Garage Spaces 2
Patio/Porch Features Covered Deck Rear Porch Side Porch Wrap Around
Architectural Style Florida
Pool Features Gunite Heated In Ground Lighting Solar Heat Solar Power Pump Tile
Security Features Smoke Detector(s)
Construction Materials Concrete Stucco Wood Frame (FSC Certified)
Pets Allowed Yes
Year Built 1984
Electric Photovoltaics Seller Owned
View Pool Water
Levels Two
Property Subtype Single Family Residence
Tax Year 2025
Ownership Fee Simple
Waterfront Features Canal Front
Accessibility Accessible Elevator Installed
County Sarasota
New Construction false
Property Type Residential
Attached Garage true
Energy Efficient Solar Energy Storage On Site
Subdivision Name SIESTA BEACH
Facing Direction East
Garage Y/N true
Green Energy Generation Solar
Total Rooms 13
Full Baths 3
Status Active
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.
High School Sarasota High
City SARASOTA
Body of Water GRAND CANAL
Senior Community Y/N false
MLS Area 34242 - Sarasota/Crescent Beach/Siesta Key
Lot Size Units Square Feet
Lot Size Square Feet 7604
Carport Y/N false
Listing Terms Cash Conventional
Spa Features Heated In Ground
Elementary School Phillippi Shores Elementary
Property Attached Y/N false
Land Lease Y/N false
Tax Annual Amount 12149.85
Middle/Junior High School Brookside Middle
Property Condition Completed
Additional Parcels Y/N false
Lease Considered Y/N true
Virtual Tour https://links.us1.defend.egress.com/Warning?crId=69a49c09e807325de53fca92&Domain=michaelsaunders.com&Threat=eNpzrShJLcpLzAEADmkDRA%3D%3D&Lang=en&Base64Url=eNolx0kOgDAIAMAXIVqgLr9poaQmGhvtxd97cG5Te2_Phri3I73lrjbodeIflGzshQXIKANzYFidJphNXdTjEuL4Ad_TFGI%3D&@OriginalLink=iplayerhd.com
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Owner
Tax Lot 17
Legal Description LOT 17 & TH N 10 FT OF LOT 18 BLK 22 SIESTA BEACH
Water View Canal
Water Access Type Bay/Harbor Canal - Brackish Canal - Saltwater Intracoastal Waterway
Minimum Lease 1 Month
Water Access Y/N true
Additional Rooms Bonus Room Family Room Great Room Inside Utility Media Room
Water View Y/N true
Flood Zone Code AE
DockY/N true
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Interior
Interior Amenities Built-in Features Cathedral Ceiling(s) Ceiling Fan(s) Eating Space 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
Flooring Laminate Porcelain Tile
Furnished Y/N Unfurnished
Fireplace Features Electric Living Room Ventless
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Window Features Blinds Double Pane Windows Shades Thermal Windows
Fireplace Y/N true
Half Baths 1
Laundry Features Electric Dryer Hookup Inside Laundry Room Upper Level
Total Bedrooms 4
Total Baths 4
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Exterior
Exterior Amenities Garden Irrigation System Lighting Permeable Paving
Vegetation Trees/Landscaped
Parking Features Garage Door Opener Golf Cart Parking Ground Level Oversized Parking Pad Under Building
Lot Features Flood Insurance Required FloodZone In County Landscaped
Water Source Public
Lot Size Area 7604
Foundation Details Slab Stilt/On Piling
Spa true
Building Area Total 4827
Lot Size Acres 0.17
Road Surface Type Paved Asphalt
Frontage Length Canal: 62
Private Pool true
Waterfront Y/N true
Covered Spaces 2
Road Frontage Type Street Paved
Road Responsibility Public Maintained Road
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* Excluded Features
List By
Michael Saunders & Company

Broker

mauricemenager@michaelsaunders.com

Email

Affordability Calculator

$19,792
Per Month
95%
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Monthly Principal & Interest
$18,779
Monthly Property Taxes
$1,012
Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Sarasota High High School High School
Pricing History
DatePricePrice ChangeDescription
3/4/2026$3,050,000 Listed Price

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4938 COMMONWEALTH DRIVE, Sarasota, FL, 34242 is a Single Family Home for sale at $3,050,000 with 2,169 sqft and a lot size of 0.17. 4938 COMMONWEALTH DRIVE has 4 bedrooms, 3.1 baths, and was built in 1984. The property's zip code is 34242 which is in Sarasota, FL