For sale · Active
4938 Commonwealth Drive
Sarasota, FL 34242 · Siesta Beach
4 beds3.5 baths2,169 sqftbuilt 1984
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.
The essentials
- Status
- Active
- Property type
- Single Family Residence
- Year built
- 1984
- Days on market
- 129
- Subdivision
- Siesta Beach
- County
- Sarasota
- MLS #
- A4683758
Interior
- Living area
- 2,169 sqft
- Bedrooms
- 4
- Bathrooms
- 3.5
- Flooring
- Laminate, Porcelain Tile
- Interior features
- 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
- Cooling
- Central Air
- Heating
- Central, Electric
Exterior & lot
- Lot size
- 7,604 Square Feet
- Pool
- Gunite, Heated, In Ground, Lighting, Solar Heat, Solar Power Pump, Tile
- Waterfront
- GRAND CANAL
- View
- Pool, Water
- Garage spaces
- 2
- Construction
- Concrete, Stucco, Wood Frame (FSC Certified)
- Roof
- Shingle
- Exterior features
- Garden, Irrigation System, Lighting, Permeable Paving
Community & costs
- Annual taxes
- $12,149
- Ownership
- Fee Simple
Listing courtesy of MICHAEL SAUNDERS & COMPANY · Stellar MLS. This information is believed to be accurate, but without warranty.
Nearby on the market
Similar homes in Sarasota

$2,049,500
3 bd3.5 ba2,065 sqft
111 S Pineapple Avenue #714
Mark Sarasota Condo · Sarasota, FL 34236

$2,263,000
4 bd3.5 ba2,321 sqft
430 Kumquat Court #406
Villa Ballada · Sarasota, FL 34236

$1,895,000
3 bd3.5 ba1,745 sqft
430 Kumquat Court #510
Villa Ballada · Sarasota, FL 34236

$2,995,000
5 bd4 ba3,360 sqft
1611 4th Street
Orange One-B · Sarasota, FL 34236

$2,995,000
5 bd4 ba3,360 sqft
1611 4th Street #B6
Orange One · Sarasota, FL 34236

$2,428,200
4 bd3.5 ba2,556 sqft
410 N Orange Avenue #218
Orange One · Sarasota, FL 34236