To schedule a showing of 4938 Commonwealth Drive, Sarasota, Florida, Call David Shippey at 863-521-4517 TODAY!
$2,695,000 | 4 beds | 3 full baths | 1 half baths | 2,169 sqft
Sarasota, FL 34242
- 4Beds
- 4.00Total Baths
- 3 Full, 1 HalfBaths
- 2,169SqFt
- 1984Year Built
- 0.17Acres
- MLS# A4683758
- Residential
- SingleFamilyResidence
- Active
- Approx Time on Market3 months, 5 days
- Area34242 - Sarasota/crescent Beach/siesta Key
- CountySarasota
- Subdivision Siesta Beach
Overview
Experience the pinnacle of waterfront luxury on Siesta Keys 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 deckingcreating 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 homes 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 bathideal 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.
Agriculture / Farm
Association Fees / Info
Pets Allowed: Yes
Bathroom Info
Total Baths: 4.00
Fullbaths: 3
Building Info
Window Features: Blinds, DoublePaneWindows, ThermalWindows, WindowTreatments
Roof: Shingle
Building Area Source: PublicRecords
Buyer Compensation
Exterior Features
Style: Florida
Pool Features: Gunite, Heated, InGround, SolarHeat, Tile
Patio: RearPorch, Covered, Deck, SidePorch, WrapAround
Pool Private: Yes
Exterior Features: Garden, SprinklerIrrigation, Lighting, PermeablePaving
Fees / Restrictions
Financial
Original Price: $3,050,000
Disclosures: FloodInsuranceRequired,FloodPlainDisclosure
Garage / Parking
Parking Features: Covered, Garage, GolfCartGarage, GarageDoorOpener, Oversized, ParkingPad
Attached Garage: Yes
Garage: Yes
Green / Env Info
Green Energy Generation: Solar
Interior Features
Fireplace Desc: Electric, LivingRoom, Ventless
Fireplace: Yes
Floors: Laminate, PorcelainTile
Levels: Two
Spa: Yes
Laundry Features: ElectricDryerHookup, Inside, LaundryRoom, UpperLevel
Interior Features: BuiltInFeatures, CeilingFans, CathedralCeilings, EatInKitchen, Elevator, HighCeilings, LivingDiningRoom, MainLevelPrimary, OpenFloorplan, StoneCounters, SplitBedrooms, SolidSurfaceCounters, UpperLevelPrimary, VaultedCeilings, WalkInClosets, WindowTreatments
Appliances: BarFridge, BuiltInOven, ConvectionOven, Cooktop, Dryer, Dishwasher, ElectricWaterHeater, Disposal, Microwave, Refrigerator, Washer
Spa Features: Heated, InGround
Lot Info
Direction Remarks: From the Siesta Key Bridge turn left onto MPR at the Higel light. Turn right on the first Commonwealth Drive after crossing the Grand Canal Bridge. Property down on the right. Vacant lot beside it that can be used for additional road parking.
Lot Size Units: Acres
Lot Size Acres: 0.17
Lot Sqft: 7,604
Vegetation: PartiallyWooded
Lot Desc: FloodZone, OutsideCityLimits, Landscaped
Misc
Other
Equipment: IrrigationEquipment
Special Conditions: None
Security Features: SmokeDetectors
Other Rooms Info
Property Info
Section: 12
Class Type: SingleFamilyResidence
Property Sub Type: SingleFamilyResidence
Property Condition: NewConstruction
Construction Materials: Concrete, Stucco, WoodFrame
Stories: 2
Total Stories: 1
Accessibility: AccessibleElevatorInstalled
Foundation: PillarPostPier, Slab
Room Info
Total Rooms: 13
Sqft Info
Sqft: 2,169
Bulding Area Sqft: 4,827
Living Area Units: SquareFeet
Living Area Source: Appraiser
Tax Info
Tax Year: 2,025
Tax Lot: 17
Tax Legal Description: LOT 17 & TH N 10 FT OF LOT 18 BLK 22 SIESTA BEACH
Tax Block: 22
Tax Annual Amount: 12149.85
Tax Book Number: 1037-423
Unit Info
Utilities / Hvac
Heating: Central, Electric
Water Source: Public
Sewer: PublicSewer
Cool System: CentralAir, CeilingFans
Cooling: Yes
Heating: Yes
Utilities: CableConnected, ElectricityConnected, HighSpeedInternetAvailable, MunicipalUtilities, UndergroundUtilities, WaterConnected
Waterfront / Water
Waterfront: Yes
Waterfront Features: BayAccess, CanalAccess
View: Yes
Water Body Name: GRAND CANAL
View: Canal, Pool, Water
Directions
From the Siesta Key Bridge turn left onto MPR at the Higel light. Turn right on the first Commonwealth Drive after crossing the Grand Canal Bridge. Property down on the right. Vacant lot beside it that can be used for additional road parking.This listing courtesy of Michael Saunders & Company
MLS# A4692713 
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If you have any questions on 4938 Commonwealth Drive, Sarasota, Florida, please call David Shippey at 863-521-4517.
MLS# A4683758 located at 4938 Commonwealth Drive, Sarasota, Florida is brought to you by David Shippey REALTOR®
4938 Commonwealth Drive, Sarasota, Florida has 4 Beds, 3 Full Bath, and 1 Half Bath.
The MLS Number for 4938 Commonwealth Drive, Sarasota, Florida is A4683758.
The price for 4938 Commonwealth Drive, Sarasota, Florida is $2,695,000.
The status of 4938 Commonwealth Drive, Sarasota, Florida is Active.
The subdivision of 4938 Commonwealth Drive, Sarasota, Florida is Siesta Beach.
The home located at 4938 Commonwealth Drive, Sarasota, Florida was built in 2026.