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Asking Price

$ 2,900,000

Status

Active

4938 COMMONWEALTH DRIVE

SARASOTA, FL,34242, SIESTA BEACH

Overview

4 Bedrooms

3 Bathrooms

2 Garage

2,169 sqft

Year Built: 1984


School Nearby

Brookside Middle

Sarasota High

Phillippi Shores Elementary

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.


Features

Status:   Active

Beds:    4

Baths:   3

Square Footage:   2,169 Sq. Ft

HOA Fee:   -

Property Type:   Single Family Residence

MLS Number:   A4683758

Days on Market:   49

Year Built:   1984

Lot Size:  

County:   Sarasota

Taxes:   $12,149.00


Address

4938 COMMONWEALTH DRIVE , SARASOTA ,FL

Listing provided by: MICHAEL SAUNDERS & COMPANY, 941-349-3444

Asking Price

$2,900,000

Status

Active

Similar Properties

Based on information submitted to the MLS GRID as of 04/20/2026 21:41. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information.