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ActivePOOL HOMEWATERFRONTNO CDD
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$2,695,000
$1,243/sqft12% reduced
HOA: NoneTaxes: $12,150/yr101d on market

Siesta Beach

4938 COMMONWEALTH DR, SARASOTA, FL, 34242

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4 Beds|4 Baths|2,169 Sq Ft|Built 1984|2 Car Garage
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💡 Price recently reduced — this could be a great opportunity to negotiate.

Waterfront & Dock
Waterfront
Canal - Saltwater
Water Frontage
62 ft
Water Body
GRAND CANAL
Dock
Yes
Year Built
2018
Dimensions
0
Description
Dock - Composite, Dock - Open, Dock W/electric, Dock W/water Supply, Lift
Lift Capacity
0 lbs
C2C

Coast 2 Coast Home Realty

Licensed Florida Realtors

4.9· 214 reviews

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Buyer Insights

Here's what we know about this listing.

Why this home stands out

  • Price reduced 12% ($355,000 off original)
  • 101+ days on market — seller may be motivated
  • Updated today

Buyer Insights are informational only — always verify with your agent.

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.

Subdivision
SIESTA BEACH
County
Sarasota
Zip Code
34242
Community
Siesta Beach

School Report Card

Source: FL Dept. of Education

ABCDF
Elementary
Middle
High
Type
Single Family Residence
Living Area
2,169 sqft
Construction
Concrete, Stucco, Frame
Roof
Shingle
Flooring
Laminate, Tile
Pool
Yes
HOA
None
  • Built-in Features
  • Cathedral Ceiling(s)
  • Ceiling Fans(s)
  • Eat-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)
  • Window Treatments
  • Garden
  • Lighting
  • Permeable Paving
  • Bar Fridge
  • Built-in Oven
  • Convection Oven
  • Cooktop
  • Dishwasher
  • Disposal
  • Dryer
  • Electric Water Heater
  • Microwave
  • Refrigerator
  • Washer
  • Electric Dryer Hookup
  • Inside
  • Laundry Room
  • Upper Level
  • Covered
  • Deck
  • Rear Porch
  • Side Porch
  • Wrap Around
  • Flood Insurance Required
  • Floodzone
  • In County
  • Landscaped
  • Paved
  • Bb/hs Internet Available
  • Cable Connected
  • Electricity Connected
  • Public
  • Underground Utilities
  • Water Connected
Bedrooms
4
Bathrooms
4
Year Built
1984
Construction
Concrete, Stucco, Frame
Flooring
Laminate, Tile
Roof
Shingle
Garage Spaces
2
Cooling
Central Air
Heating
Central, Electric
Waterfront
Yes
Pet Restrictions
Yes
Lot Size
0.17 acres
Senior Community
No
Building Elevator
Pet Size
# of Pets
Max Pet Weight
Tax Year
2025
Annual Tax Amount
$12,150
No HOA fees on this listing.
Down Payment20% — $539,000
Interest Rate6.50%
Loan Term
Est. Mortgage
$13,627
HOA Fee
$0
Est. Property Tax
$1,012
Est. Insurance
$898
Total Est. Monthly Cost$15,538

* Estimates are for illustration purposes only and do not constitute an offer of financial advice. Actual rates, payments, insurance, and taxes will vary based on credit, location, and other factors. Contact a licensed mortgage professional for a personalized quote. Homeowners insurance estimate based on Florida averages.

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