4938 Commonwealth Drive Sarasota, FL 34242

$2,695,000
4
Beds
3.5
Baths
0.17
Acres
2,169
SQFT
1243
$/SQFT
$2,695,000
4
Beds
3.5
Baths
2,169   sf
$1243 / sf
Favorite

active
1/59
virtual tour iconVirtual Tour
Street View

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.

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.

  • Neighborhood
  • Type
  • Total Baths
  • 1/2 Baths
  • County
    Sarasota
  • Area
    34242 - Sarasota/Crescent Beach/Siesta Key
  • Tax Amount
    $12,150
  • Status
    Active
  • Listing #
    A4683758
  • Built
    1984
  • Lot Size
    0.17
  • Listed on site
    93 days

Listed by:
Michael Saunders & Company

Source:
StellarMLS

Click for Map
Smart Commute Planner
Add a destination

School Info

Property details

Community Features

  • No HOA
  • Rental Restrictions - 1 Month

Property Features

  • Handicap Equipped
  • Underground Utilities
  • Sewer
  • Pets Allowed
  • Has Virtual Tour

Waterfront

  • Water front
  • Canal – Saltwater

View

  • Water view
  • Canal View

Exterior features

  • Deck
  • Has garage
  • Garage Attached
  • Pool
  • Pool Below Ground
  • Porch
  • Parking
  • Stucco

Interior Features

  • Central Air Conditioning
  • Fire Place
  • Granite Counters
  • Great Room
  • Walk-In Closet
  • Elevator
  • Inside Laundry
  • Laundry Hookup
  • Tile - Floors
  • Washer Dryer In Unit

Style

  • Multi Level
  • A-Frame

Financing

  • Cash
  • Conventional Financing
  • None

Property History

DateDays AgoEventNew Price
May 25, 20269 days agoPrice decreased205,000 (7%)$2,695,000
Mar 30, 20262 mos agoPrice decreased150,000 (5%)$2,900,000
Mar 2, 20263 mos agoNew on market$3,050,000
Favorite

Tour This Home

Thu
04Jun
Fri
05Jun
Sat
06Jun
Sun
07Jun
Mon
08Jun
Tue
09Jun
Wed
10Jun
Thu
11Jun
Fri
12Jun
Sat
13Jun
Sun
14Jun
Mon
15Jun
Tue
16Jun
Wed
17Jun
in Person
via Video Call