4938 COMMONWEALTH, SARASOTA, FL 34242
$2,900,000 Was $3,050,000
Beds: 4
Baths: 3 Full / 1 Half
Sq. Ft.: 2,169 Sq. Ft.
Year Built: 1984
Lot Size: 0.17 Acres
Garage: 2
Pool: Yes
DOM: 28




























































Property Overview
Status: Active
Property Type: Residential
MLS #: 07366643c6077d485beda96ae9868920
Subdivision: SIESTA BEACH
County: Sarasota
HOA Fee: N/A
Year Built: 1984
Construction: Concrete, Stucco, Wood Frame (FSC Certified)
Foundation: Slab, Stilt/On Piling
Roof: Shingle
Cooling: Central Air
Heating: Central, Electric
Sewer: Public Sewer
Water Source: Public
Zoning: RSF2
Tax Amount: $12,149.85 (2025)
Listed On: Feb 24, 2026
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.
Exterior Features
Garden, Irrigation System, Lighting, Permeable Paving
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.
School Information
Elementary: Phillippi Shores Elementary
Middle: Brookside Middle
High: Sarasota High
Location
Get Directions View on Google MapsMortgage Estimator
*Estimate includes Principal & Interest (P&I) only. It does not include taxes, insurance, HOA fees, or PMI. Rates and payments may vary. Consult a lender for accurate figures.
Listing Information
Provided Courtesy of:
MICHAEL SAUNDERS & COMPANY
Listing Agent: Maurice Menager
Information is deemed reliable but not guaranteed. Information 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.
Data last updated: April 2, 2026, 12:48 pm UTC
MLS Source: Stellar MLS Copyright © 2026
Similar Active Listings Nearby

6512 MIDNIGHT PASS, SARASOTA
CRESCENT SIESTA KEY
3 Beds / 2 Baths
1,991 Sq. Ft.
Courtesy of DOUGLAS ELLIMAN

6512 MIDNIGHT PASS, SARASOTA
CRESCENT SIESTA KEY
3 Beds / 3 Baths
2,143 Sq. Ft.
Courtesy of PREMIER SOTHEBY'S INTERNATIONAL REALTY

4938 COMMONWEALTH, SARASOTA
SIESTA BEACH
4 Beds / 3 Baths
2,169 Sq. Ft.
Courtesy of MICHAEL SAUNDERS & COMPANY
Similar Recently Sold Listings Nearby

7536 MIDNIGHT PASS, SARASOTA
SANDERLING CLUB, SIESTA PROPERTIES INC
3 Beds / 3 Baths
2,503 Sq. Ft.
Courtesy of CORCORAN DWELLINGS REALTY

5159 OAKMONT, SARASOTA
SIESTA BEACH
3 Beds / 2 Baths
1,953 Sq. Ft.
Courtesy of COLDWELL BANKER REALTY

601 LOTUS, SARASOTA
SIESTA BAYSIDE WATERSIDE WOOD
3 Beds / 3 Baths
2,533 Sq. Ft.
Courtesy of COLDWELL BANKER REALTY
