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.
For sale
$3,050,000
4938 Commonwealth Dr, Sarasota, FL 34242
4beds
2,169sqft
Est.:
Single Family Residence
Built in 1984
7,604 Square Feet Lot
$-- Zestimate®
$1,406/sqft
$-- HOA
What's special
Wraparound deckingOpen breakfast barSpacious family entertainment areaBrand-new roofSleek updated deckingFresh contemporary interior paletteStriking custom beam detail
- 13 hours |
- 363 |
- 14 |
Zillow last checked: 8 hours ago
Listing updated: 15 hours ago
Listing Provided by:
Maurice Menager 941-238-8119,
MICHAEL SAUNDERS & COMPANY 941-349-3444,
Lin Dunn 941-809-2154,
MICHAEL SAUNDERS & COMPANY
Source: Stellar MLS,MLS#: A4683758
Originating MLS: Sarasota - Manatee
Originating MLS: Sarasota - Manatee
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Rooms
- Room types: Bonus Room, Family Room, Great Room, Utility Room, Media Room
Primary bedroom
- Features: Dual Sinks, En Suite Bathroom, Walk-In Closet(s)
- Level: Second
- Area: 377 Square Feet
- Dimensions: 13x29
Other
- Features: Ceiling Fan(s), En Suite Bathroom, Walk-In Closet(s)
- Level: First
- Area: 312 Square Feet
- Dimensions: 12x26
Bedroom 2
- Features: Built-in Closet
- Level: Second
- Area: 169 Square Feet
- Dimensions: 13x13
Bedroom 3
- Features: Built-in Closet
- Level: Second
- Area: 156 Square Feet
- Dimensions: 12x13
Bathroom 1
- Features: Tub With Shower, Linen Closet
- Level: Second
- Area: 99 Square Feet
- Dimensions: 9x11
Balcony porch lanai
- Level: Second
- Area: 210 Square Feet
- Dimensions: 10x21
Balcony porch lanai
- Level: First
- Area: 1170 Square Feet
- Dimensions: 26x45
Family room
- Features: Bar, Built-In Shelving
- Level: First
- Area: 570 Square Feet
- Dimensions: 19x30
Foyer
- Level: Second
- Area: 132 Square Feet
- Dimensions: 12x11
Foyer
- Features: Built-In Shelving
- Level: First
- Area: 96 Square Feet
- Dimensions: 8x12
Great room
- Level: Second
- Area: 630 Square Feet
- Dimensions: 21x30
Kitchen
- Features: Breakfast Bar, Built-In Shelving, Stone Counters
- Level: Second
- Area: 210 Square Feet
- Dimensions: 10x21
Laundry
- Features: Pantry
- Level: Second
- Area: 64 Square Feet
- Dimensions: 8x8
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Included: Bar Fridge, Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
- Laundry: Electric Dryer Hookup, Inside, Laundry Room, Upper Level
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)
- Flooring: Laminate, Porcelain Tile
- Windows: Blinds, Double Pane Windows, Shades, Thermal Windows, Window Treatments
- Has fireplace: Yes
- Fireplace features: Electric, Living Room, Ventless
Interior area
- Total structure area: 4,827
- Total interior livable area: 2,169 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Garage Door Opener, Golf Cart Parking, Ground Level, Oversized, Parking Pad, Under Building
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Accessible Elevator Installed
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Deck, Rear Porch, Side Porch, Wrap Around
- Exterior features: Garden, Irrigation System, Lighting, Permeable Paving
- Has private pool: Yes
- Pool features: Gunite, Heated, In Ground, Lighting, Solar Heat, Solar Power Pump, Tile
- Has spa: Yes
- Spa features: Heated, In Ground
- Has view: Yes
- View description: Pool, Water, Canal
- Has water view: Yes
- Water view: Water,Canal
- Waterfront features: Canal Front, Bay/Harbor Access, Brackish Canal Access, Saltwater Canal Access, Intracoastal Waterway Access, Bridges - Fixed, Lift, No Wake Zone, Seawall
- Body of water: GRAND CANAL
- Frontage length: Canal: 62
Lot
- Size: 7,604 Square Feet
- Features: Flood Insurance Required, FloodZone, In County, Landscaped
- Residential vegetation: Trees/Landscaped
Details
- Parcel number: 0081070011
- Zoning: RSF2
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Florida
- Property subtype: Single Family Residence
Materials
- Concrete, Stucco, Wood Frame (FSC Certified)
- Foundation: Slab, Raised
- Roof: Shingle
Condition
- Completed
- New construction: No
- Year built: 1984
Utilities & green energy
- Electric: Photovoltaics Seller Owned
- Sewer: Public Sewer
- Water: Public
- Utilities for property: BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Underground Utilities, Water Connected
Green energy
- Energy efficient items: Solar Energy Storage On Site
- Energy generation: Solar
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: SIESTA BEACH
HOA
- Has HOA: No
- Pet fee: $0 monthly
Location
- Region: Sarasota
Financial & listing details
- Price per square foot: $1,406/sqft
- Tax assessed value: $1,749,300
- Annual tax amount: $12,149
- Date on market: 3/2/2026
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Paved, Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/2/2026 | Listed for sale | $3,050,000+281.3%$1,406/sqft |
Source:  Stellar MLS #A4683758 Report a problem | ||
| 1/13/2017 | Sold | $800,000+5.6%$369/sqft |
Source: Public Record Report a problem | ||
| 3/30/2007 | Sold | $757,500+215.6%$349/sqft |
Source: Stellar MLS #A318882 Report a problem | ||
| 9/14/1993 | Sold | $240,000$111/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $1,009,114 +2.9% |
| 2024 | $11,764 +3.1% | $980,674 +3% |
| 2023 | $11,415 +2.6% | $952,111 +3% |
| 2022 | $11,129 +0.2% | $924,380 +3% |
| 2021 | $11,111 -0.6% | $897,456 +1.4% |
| 2020 | $11,180 +3% | $885,065 +2.3% |
| 2019 | $10,857 | $865,166 +30.8% |
| 2018 | $10,857 +24% | $661,400 +5.1% |
| 2017 | $8,756 +11.7% | $629,600 +7% |
| 2016 | $7,835 | $588,400 +6.8% |
| 2015 | $7,835 +3.9% | $551,000 +15.4% |
| 2014 | $7,543 +7.9% | $477,300 |
| 2013 | $6,987 +4% | $477,300 +3.3% |
| 2012 | $6,716 +15.3% | $462,200 +5.4% |
| 2011 | $5,826 -4.5% | $438,500 -1.8% |
| 2010 | $6,099 -2.8% | $446,700 -10.8% |
| 2009 | $6,274 | $500,962 +1.6% |
| 2008 | $6,274 -51.6% | $492,869 -49.8% |
| 2007 | $12,966 | $981,300 +196.1% |
| 2006 | -- | $331,435 +3.8% |
| 2005 | -- | $319,382 +3% |
| 2004 | $4,686 -1.1% | $310,080 +1.9% |
| 2003 | $4,737 +1.5% | $304,298 +2.4% |
| 2002 | $4,667 +7.3% | $297,166 +1.6% |
| 2001 | $4,349 +2.7% | $292,486 +3% |
| 2000 | $4,236 | $283,967 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$18,021/mo
Principal & interest
$14793
Property taxes
$3228
Climate risks
Neighborhood: 34242
Nearby schools
GreatSchools rating
- 9/10Phillippi Shores Elementary SchoolGrades: PK-5Distance: 1.7 mi
- 6/10Brookside Middle SchoolGrades: 6-8Distance: 2.3 mi
- 5/10Sarasota High SchoolGrades: 9-12Distance: 3.5 mi
Schools provided by the listing agent
- Elementary: Phillippi Shores Elementary
- Middle: Brookside Middle
- High: Sarasota High
Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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