Skip To Content

4938 Commonwealth Drive

Sarasota, FL 34242
  • $2,900,000
  • STATUS: Active
  • ON SITE: 73 Days
  • MLS #: A4683758
UPDATED: 53 min ago
$2,900,000
  • 4
    BEDS
  • 0.17
    ACRES
  • 3
    BATHS
  • 1
    1/2 BATHS
  • 2,169
    SQFT
  • $1,337
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1984
County:

School Information

Elementary School:
Middle School:
High School:

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.

Monthly Payment Calculator




© 2026 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2026-05-15T11:52:16.99.
www.ucsmith.info/homes/173594712
Print Image

4938 Commonwealth Drive Sarasota, FL 34242

  • Price: $2,900,000
  • Status: Active
  • On Site: 73 Days
  • Updated: 53 min ago
  • MLS #: A4683758
4
Beds
3
Baths
1
½ Baths
0.17
Acres
2,169
SQFT
$1,337
$/SQFT
1984
Built
Neighborhood:
Siesta Beach
County:
Sarasota
Area:
Sarasota/Crescent Beach/Siesta Key
Elementary School:
Phillippi Shores Elementary
Middle School:
Brookside Middle
High School:
Sarasota High
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.
Exterior Features

Additional Water Information Direct access to the Intracoastal with only the Grand Canal Bridge crossing MPR with its vertical clearance of 12 feet MHW and its tidal variance between 13 and 16 feet. Architectural Style Florida Attached Garage Yn Yes Carport Yn No Construction Materials ConcreteStuccoWood Frame (FSC Certified) Covered Spaces 2 Direction Faces East Exterior Features GardenIrrigation SystemLightingPermeable Paving Foundation Details SlabStilt/On Piling Lot Features Flood Insurance RequiredFloodZoneIn CountyLandscaped Open Parking YN Yes Parking Features Garage Door OpenerGolf Cart ParkingGround LevelOversizedParking PadUnder Building Patio And Porch Features CoveredDeckRear PorchSide PorchWrap Around Pool Features GuniteHeatedIn GroundLightingSolar HeatSolar Power PumpTile Pool Private Yn Yes Road Frontage Type Street Paved Road Surface Type PavedAsphalt Roof Shingle Spa Features HeatedIn Ground Spa YN Yes View PoolWater Water Access Bay/HarborCanal - BrackishCanal - SaltwaterIntracoastal Waterway Water Access Yn Yes Water Body Name GRAND CANAL Water Extras Bridges - FixedLiftNo Wake ZoneSeawall - ConcreteSeawall - Other Water Extras Yn Yes Water View Canal Water View Yn Yes Waterfront Features Canal - Saltwater Waterfront Feet Total 62 Waterfront Yn Yes

Interior Features

Accessibility Features Accessible Elevator Installed Additional Rooms Bonus RoomFamily RoomGreat RoomInside UtilityMedia Room Appliances Bar FridgeBuilt-In OvenConvection OvenCooktopDishwasherDisposalDryerElectric Water HeaterMicrowaveRefrigeratorWasher Building Area Total 4827 Cooling Central Air Cooling YN Yes Fireplace Features ElectricLiving RoomVentless Fireplace Yn Yes Flooring LaminatePorcelain Tile Furnished Unfurnished Heating CentralElectric Heating YN Yes Interior Features Built-in FeaturesCathedral Ceiling(s)Ceiling Fan(s)Eating Space In KitchenElevatorHigh CeilingsLiving Room/Dining Room ComboOpen FloorplanPrimary Bedroom Main FloorPrimaryBedroom UpstairsSolid Surface CountersSplit BedroomStone CountersThermostatVaulted Ceiling(s)Walk-In Closet(s)Window Treatments Laundry Features Electric Dryer HookupInsideLaundry RoomUpper Level Levels Two Rooms Great Room Kitchen (Breakfast BarBuilt-In ShelvingStone Counters) Additional Bedroom (Ceiling Fan(s)En Suite BathroomWalk-In Closet(s)) Sewer Public Sewer Stories Total 1 Water Source Public Window Features BlindsDouble Pane WindowsShadesThermal Windows

Property Features

Additional Lease Restrictions Sarasota County guidelines Association Approval Required Yn No Association Yn No Cdd Yn No Down Payment Resource No Electric Photovoltaics Seller Owned Flood Zone Code AE Garage Yn Yes Green Energy Efficient Solar Energy Storage On Site Green Energy Generation Solar Homestead Yn Yes Lease Considered YN Yes Lease Restrictions YN Yes Listing Terms CashConventional Minimum Lease 1 Month New Construction Yn No Ownership Fee Simple Pets Allowed Yes Property Attached YN No Property Condition Completed Property Sub Type Single Family Residence Realtor Info Brochure AvailableFloor Plan AvailableSee AttachmentsSignSurvey Available Security Features Smoke Detector(s) Senior Community Yn No Special Listing Conditions None Sw Subdiv Community Name Siesta Beach Tax Annual Amount 12149.85 Total Annual Fees 0 Total Monthly Fees 0 Utilities BB/HS Internet AvailableCable ConnectedElectricity ConnectedPublicUnderground UtilitiesWater Connected Yrs Of Owner Prior To Leasing Re No Zoning RSF2


Listing information © 2026 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of MICHAEL SAUNDERS & COMPANY: 941-349-3444.



© 2026 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2026-05-15T11:52:16.99.
 
https://bt-photos.global.ssl.fastly.net/mfr/orig_boomver_2_A4683758-2.jpg https://bt-photos.global.ssl.fastly.net/mfr/orig_boomver_2_A4683758-2.jpg https://bt-photos.global.ssl.fastly.net/mfr/orig_boomver_2_A4683758-2.jpg
Logo
United Country Smith & Associates
934 E Wade St
Trenton FL, 32693