SARASOTA, FL 34242 4938 COMMONWEALTH DRIVE
$2,695,000
54 more
Presented By: with . - 941-349-3444
Beds • 4
Full/Half Baths • 3 / 1
SQFT • 2,169
Garage • 2
Home Details
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.
Presented By: with . - 941-349-3444
Interior Features for 4938 COMMONWEALTH DRIVE
Bedrooms
Total Bedrooms4
Bathrooms
Half Baths1
Total Baths4
Other Interior Features
LivingAreaSourceAppraiser
Air Conditioning Y/NYes
Fireplace FeaturesElectric, Living Room, Ventless
Fireplace Y/NYes
FlooringLaminate, Porcelain Tile
Furnished Y/NUnfurnished
Heating Y/NYes
Interior AmenitiesBuilt-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
Laundry FeaturesElectric Dryer Hookup, Inside, Laundry Room, Upper Level
Total Stories1
Window FeaturesBlinds, Double Pane Windows, Shades, Thermal Windows
General for 4938 COMMONWEALTH DRIVE
AccessibilityAccessible Elevator Installed
Additional Parcels Y/NNo
Additional RoomsBonus Room, Family Room, Great Room, Inside Utility, Media Room
AppliancesBar Fridge, Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
Architectural StyleFlorida
Attached Garage Yes
Body of WaterGRAND CANAL
Building Area UnitsSquare Feet
Carport Y/NNo
CitySARASOTA
Construction MaterialsConcrete, Stucco, Wood Frame (FSC Certified)
CoolingCentral Air
CountySarasota
DirectionsFrom 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.
DockY/NYes
ElectricPhotovoltaics Seller Owned
Elementary SchoolPhillippi Shores Elementary
Energy EfficientSolar Energy Storage On Site
Facing DirectionEast
Flood Zone CodeAE
Full Baths3
Garage Spaces2
Garage Y/NYes
Green Energy GenerationSolar
HeatingCentral, Electric
High SchoolSarasota High
Land Lease Y/NNo
Lease Considered Y/NYes
Legal DescriptionLOT 17 & TH N 10 FT OF LOT 18 BLK 22 SIESTA BEACH
LevelsTwo
Listing TermsCash, Conventional
Living Area UnitsSquare Feet
Lot Size Square Feet7604
Lot Size UnitsSquare Feet
MLS Area34242 - Sarasota/Crescent Beach/Siesta Key
Middle/Junior High SchoolBrookside Middle
Minimum Lease1 Month
New ConstructionNo
Occupancy TypeOwner
OwnershipFee Simple
Patio/Porch FeaturesCovered, Deck, Rear Porch, Side Porch, Wrap Around
Pets AllowedYes
Pool FeaturesGunite, Heated, In Ground, Lighting, Solar Heat, Solar Power Pump, Tile
Property Attached Y/NNo
Property ConditionCompleted
Property SubtypeSingle Family Residence
Property TypeResidential
RoofShingle
STELLAR_InLawSuiteYNNo
Security FeaturesSmoke Detector(s)
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesHeated, In Ground
Standard StatusActive
StatusActive
Subdivision NameSIESTA BEACH
Tax Annual Amount12149.85
Tax Lot17
Tax Year2025
Total Rooms13
UtilitiesBB/HS Internet Available, Cable Connected, Electricity Connected, Public, Underground Utilities, Water Connected
ViewPool, Water
Virtual TourClick here
Water Access TypeBay/Harbor, Canal - Brackish, Canal - Saltwater, Intracoastal Waterway
Water Access Y/NYes
Water ViewCanal
Water View Y/NYes
Waterfront FeaturesCanal - Saltwater
Year Built1984
ZoningRSF2
Exterior for 4938 COMMONWEALTH DRIVE
Building Area Total4827
Covered Spaces2
Exterior AmenitiesGarden, Irrigation System, Lighting, Permeable Paving
Foundation DetailsSlab, Stilt/On Piling
Lot FeaturesFlood Insurance Required, FloodZone, In County, Landscaped
Lot Size Acres0.17
Lot Size Area7604
Parking FeaturesGarage Door Opener, Golf Cart Parking, Ground Level, Oversized, Parking Pad, Under Building
Private PoolYes
Road Frontage TypeStreet Paved
Road ResponsibilityPublic Maintained Road
Road Surface TypePaved, Asphalt
SpaYes
VegetationTrees/Landscaped
Water SourcePublic
Waterfront Y/NYes
Additional Details
Price History
Manuel Cancio
Realtor®
