4938 Commonwealth Dr, Sarasota, FL 34242 | For Sale

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For Sale $2,695,000 ($1,242.51 per Sq Ft)

$2,695,000 ($1,242.51 per Sq Ft)
  • (0)
  • 4 Bedrooms
  • 4 Bathrooms
  • 2,169 Sq Ft
  • 7,604 Sq Ft

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.

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Amenities

Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt

Upcoming Open House

Saturday July 11th, 2026
from 7:30 am - 10:30 am

View Event

Sunday July 12th, 2026
from 9:00 am - 11:00 am

View Event

Income

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Property Details

List Price $2,695,000
Property Type Single Family Homes
Usable Sqft 2,169
Number of Stories 1 stories
Parking Spots 2 spots
Year Built 1984
Last Sold Unknown
Sold Price Unknown
APN # 0081070011
MLS # A4683758
Property ID 300207559
Lot Sqft 7,604
Zoning RSF2
Days on Market 137
Original List Price $3,050,000
Applicances Bar Fridge, Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer%
Date Updated July 09, 2026
Date Created February 24, 2026
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Listing Provided By

Maurice Menager an agent of MICHAEL SAUNDERS & COMPANY.


© 2026 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of July 09, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.



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