4938 COMMONWEALTH DRIVE SARASOTA FL 34242 MLS #A4683758

4938 COMMONWEALTH DRIVE
SARASOTA, FL, 34242
$3,050,000
4 Beds
3.5 Baths
2,169 SqFt
0.17 Acres
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MLS #A4683758 image #0
Open House Mar 22, 2026
01:00 – 04:00
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.

Property Details

Price:
$3,050,000
MLS #:
A4683758
Status:
Active
Beds:
4
Baths:
3.5
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
SIESTA BEACH
Neighborhood:
34242sarasotacrescentbeachsiestakey
Listed Date:
Mar 2, 2026
Finished Sq Ft:
2,169
Total Sq Ft:
4,827
Lot Size:
7,604 sqft / 0.17 acres (approx)
Year Built:
1984
FloridaWaterfrontCanalfrontPoolPrimary Bedroom Main Floor34242 – Sarasota/crescent Beach/siesta Key34242sarasotacrescentbeachsiestakeySiesta BeachPhillippi Shores ElementaryBrookside MiddleSarasota HighGrand CanalSarasota County Guidelines1 MonthPets Allowed

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Schools

Elementary School:
Phillippi Shores Elementary
Middle School:
Brookside Middle
High School:
Sarasota High

Interior

Appliances
Bar Fridge, Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
Bathrooms
3 Full Bathrooms, 1 Half Bathroom
Cooling
Central Air
Flooring
Laminate, Porcelain Tile
Heating
Central, Electric
Laundry Features
Electric Dryer Hookup, Inside, Laundry Room, Upper Level

Exterior

Architectural Style
Florida
Construction Materials
Concrete, Stucco, Wood Frame (FSC Certified)
Exterior Features
Garden, Irrigation System, Lighting, Permeable Paving
Parking Features
Garage Door Opener, Golf Cart Parking, Ground Level, Oversized, Parking Pad, Under Building
Roof
Shingle
Security Features
Smoke Detector(s)

Financial

Tax Year
2025
Taxes
$12,150

Map

Community

Subdivisions in SARASOTA

Market Summary

Current real estate data for Single Family in SARASOTA as of Mar 20, 2026
2,343
Single Family Listed
111
Avg DOM
498
Avg $ / SqFt
$1,518,916
Avg List Price

Property Summary

    Located in the SIESTA BEACH subdivision, 4938 COMMONWEALTH DRIVE SARASOTA FL is a Single Family for sale in SARASOTA, FL, 34242. It is listed for $3,050,000 and features 4 beds, 4 baths, and has approximately 2,169 square feet of living space, and was originally constructed in 1984. The current price per square foot is $1,406. The average price per square foot for Single Family listings in SARASOTA is $498. The average listing price for Single Family in SARASOTA is $1,518,916. To schedule a showing of MLS#a4683758 at 4938 COMMONWEALTH DRIVE in SARASOTA, FL, contact your CENTURY 21 Carioti agent at 800-783-8847.

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