$3,050,000 ($1,406.18 per sqft)

Est. Mortgage $14,826/mo *

Quick Pre-Approval

4938 COMMONWEALTH DRIVE, Siesta Key, FL, 34242

4938 COMMONWEALTH DRIVE, Siesta Key, FL, 34242

13 rooms

4 beds

3 Full / 1 Half baths

1984

Florida

2,169 sqft

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.


Status:

Active

Type:

Single-family residential

Furnished Remarks:

Unfurnished

Laundry Remarks:

Electric Dryer Hookup, Inside, Laundry Room, Upper Level

Subdivision:

SIESTA BEACH

Garage:

2-car Garage Door Opener, Golf Cart Parking, Ground Level, Oversized, Parking Pad, Under Building

Heating:

Central, Electric

Cooling:

Central Air

Energy Features:

Solar Energy Storage On Site

Levels:

1

Acreage:

0.17

Est. Taxes:

$12,150

Construction

Concrete, Stucco, Wood Frame (FSC Certified)

Utilities

BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Underground Utilities, Water Connected

Lot Description:

Flood Insurance Required, FloodZone, In County, Landscaped

View Description:

Pool, Water

Elementary School:

Phillippi Shores Elementary

Middle School:

Brookside Middle

High School:

Sarasota High

Days on Market:

20

Pet Policy:

Yes

Appliances:

Bar Fridge, Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer

Pool:

Gunite, Heated, In Ground, Lighting, Solar Heat, Solar Power Pump, Tile

Min Lease Term:

1 Month

MLS #:

A4683758


Community Info

School Info

Walk Score

Yelp


Listing courtesy of MICHAEL SAUNDERS & COMPANY 941-349-3444