4938 COMMONWEALTH DRIVE, Sarasota, FL 34242

  • $2,900,000
  • $3,050,000
4938 COMMONWEALTH DRIVE, Sarasota, FL 34242
  • A4683758
  • Property ID
  • Single Family Residence, For Sale
  • Property Type
  • 4
  • Bedrooms
  • 4
  • Bathrooms
  • 4827
  • Sqft
  • 1984
  • Year Built
  • 2
  • Garages
Completed
4938 COMMONWEALTH DRIVE, Sarasota, FL 34242
4938 COMMONWEALTH DRIVE, Sarasota, FL 34242
  • $2,900,000
  • $3,050,000

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.

  • Address 4938 COMMONWEALTH DRIVE
  • City Sarasota
  • State/county FL
  • Zip/Postal Code 34242
  • Area SIESTA BEACH

Details

Updated on April 16, 2026 at 1:01 pm
  • Price: $2,900,000
  • Property Size: 4827 Sqft
  • Land Area: 0.17 Acres
  • Bedrooms: 4
  • Bathrooms: 4
  • Garages: 2
  • Garage Size: x x
  • Year Built: 1984

Additional details

  • Listing Terms: Cash,Conventional
  • Roof: Shingle
  • Utilities: BB/HS Internet Available,Cable Connected,Electricity Connected,Public,Underground Utilities,Water Connected
  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Central,Electric
  • Flooring: Laminate,Tile
  • County: Sarasota
  • Property Type: Residential
  • Pool: Gunite,Heated,In Ground,Lighting,Solar Heat,Solar Power Pump,Tile
  • Parking: Garage Door Opener,Golf Cart Parking,Ground Level,Oversized,Parking Pad,Basement
  • Elementary School: Phillippi Shores Elementary
  • Middle School: Brookside Middle
  • High School: Sarasota High
  • Waterfront: Canal - Saltwater
  • Architectural Style: Florida

Mortgage Calculator

Monthly
  • Down Payment
  • Loan Amount
  • Monthly Mortgage Payment
  • Property Tax
  • Home Insurance
  • Monthly HOA Fees
$
%
%
%
$
$

Schedule a Tour

Your information

Contact Information

View Listings
benootrealty
  • benootrealty

Enquire About This Property