4938 Commonwealth Drive Sarasota, FL 34242 - GRAND CANAL
For Sale MLS# A4683758
4 beds 4 baths 2,169 sq ft Single Family
Details for 4938 Commonwealth Drive
MLS# A4683758
Description for 4938 Commonwealth Drive, Sarasota, FL, 34242 - GRAND CANAL
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.
Listing Information
Property Type: Residential, Single Family Residence
Status: Active
Bedrooms: 4
Bathrooms: 4
Lot Size: 0.17 Acres
Square Feet: 2,169 sq ft
Year Built: 1984
Garage: Yes
Stories: 2 Story
Construction: Concrete,Stucco,Wood Frame
Construction Display: New Construction
Subdivision: Siesta Beach
Foundation: Pillar/Post/Pier,Slab
County: Sarasota
Construction Status: New Construction
School Information
Elementary: Phillippi Shores Elementary
Middle: Brookside Middle
High: Sarasota High
Room Information
Main Floor
Porch: 45x26
Foyer: 12x8
Bedroom: 26x12
Family Room: 30x19
Upper Floor
Laundry: 8x8
Kitchen: 21x10
Great Room: 30x21
Foyer: 11x12
Porch: 21x10
Bathroom 1: 11x9
Bedroom 3: 13x12
Bedroom 2: 13x13
Primary Bedroom: 29x13
Bathrooms
Full Baths: 3
1/2 Baths: 1
Additonal Room Information
Laundry: Inside, Laundry Room, Upper Level, Electric Dryer Hookup
Interior Features
Appliances: Bar Fridge, Convection Oven, Built-In Oven, Microwave, Refrigerator, Cooktop, Dishwasher, Disposal, Dryer, Washer, Electric Water Heater
Flooring: Laminate,Porcelain Tile
Doors/Windows: Window Treatments, Blinds, Double Pane Windows, Thermal Windows
Fireplaces: Ventless, Electric, Living Room
Accessibility: Accessible Elevator Installed
Additional Interior Features: Eat-In Kitchen, Vaulted Ceiling(s), Window Treatments, Split Bedrooms, Walk-In Closet(s), Ceiling Fan(s), Elevator, Solid Surface Counters, Stone Counters, Main Level Primary, Upper Level Primary, Open Floorplan, High Ceilings, Built-in Features, Cathedral Ceiling(s), Living/Dining Room
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Cable Connected,Electricity Connected,High Speed Internet Available,Municipal Utilities,Underground Utilities,Water Connected
Cooling: Ceiling Fan(s), Central Air
Heating: Electric, Central
Exterior / Lot Features
Attached Garage: Attached Garage
Garage Spaces: 2
Parking Description: Golf Cart Garage, Oversized, Parking Pad, Garage Door Opener, Garage, Covered
Roof: Shingle
Pool: Gunite, In Ground, Solar Heat, Tile, Heated
Lot View: Canal,Pool,Water
Additional Exterior/Lot Features: Sprinkler/Irrigation, Lighting, Garden, Permeable Paving, Covered, Deck, Wrap Around, Rear Porch, Side Porch, Landscaped, Flood Zone, Outside City Limits
Waterfront Details
Standard Water Body: GRAND CANAL
Water Front Features: Bay Access, Canal Access
Community Features
Security Features: Smoke Detector(s)
Driving 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.
Financial Considerations
Terms: Cash,Conventional
Tax/Property ID: 0081070011
Tax Amount: 12149.85
Tax Year: 2025
A broker reciprocity listing courtesy: MICHAEL SAUNDERS & COMPANY
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Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 4938 Commonwealth Drive
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 4938 Commonwealth Drive
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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