4938 COMMONWEALTH DRIVE
Sarasota, FL 34242
$2,650,000
Open Houses
Exceptional luxury coastal living on Siesta Key! Positioned on Siesta Key’s Grand Canal with quick access to Sarasota Bay, this fully renovated estate offers the perfect blend of high-end comfort and modern efficiency. Powered by solar panels with battery storage, this eco-conscious home delivers peace of mind and low utility costs. The sprawling open floor plan highlights a newly integrated primary guest suite and seamless indoor-outdoor flow opening to a resort-style heated cocktail pool and spa. A standout feature is the expansive, grandfathered 1,300 sq. ft. bonus space—providing endless possibilities for a game room, home gym, or customized lounge. Complete with high-end boating amenities and located just minutes from world-famous Siesta Key Beach and Village. Move-in ready perfection!
Listing Courtesy of: MICHAEL SAUNDERS & COMPANY
941-349-3444
| Listing Id: | A4711626 |
|---|---|
| List Price: | $2,650,000 |
| Property Type: | Residential |
| Property Sub Type: | Single Family Residence |
| Status: | Active |
| Bedrooms Total: | 4 |
| Bathrooms Full: | 3 |
| Bathrooms Half: | 1 |
| Living Area: | 2,169 |
| Tax Annual Amount: | $12,150 |
| Lot Size Square Feet: | 7,604 |
| Lot Size Acres: | 0.17 |
| Architectural Style: | Florida |
| Waterfront?: | Yes |
| City: | Sarasota |
| County Or Parish: | Sarasota |
| Subdivision Name: | Siesta Beach |
| Postal Code: | 34242 |
| Year Built: | 1984 |
| Additional Parcels?: | No |
| Accessibility Features: | Accessible Elevator Installed |
| Appliances: | Bar Fridge, Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer |
| Attached Garage?: | Yes |
| Bathrooms Total Integer: | 4 |
| Building Area Source: | Public Records |
| Building Area Total: | 4827 |
| Building Area Units: | Square Feet |
| Carport?: | No |
| Direction Faces: | East |
| Foundation Details: | Slab, Stilt/On Piling |
| Construction Materials: | Concrete, Stucco, Frame |
| Cooling: | Central Air |
| Fireplace Features: | Electric, Living Room, Ventless |
| 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. |
| Elementary School: | Phillippi Shores Elementary |
| Exterior Features: | Garden, Lighting, Permeable Paving |
| Flooring: | Laminate, Tile |
| Furnished: | Unfurnished |
| Garage?: | Yes |
| Green Energy Efficient: | Solar Energy Storage On Site |
| Heating: | Central, Electric |
| High School: | Sarasota High |
| Interior Features: | 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 |
| Laundry Features: | Electric Dryer Hookup, Inside, Laundry Room, Upper Level |
| Levels: | Two |
| Ownership: | Fee Simple |
| Living Area Source: | Appraiser |
| Living Area Units: | Square Feet |
| Lot Features: | Flood Insurance Required, FloodZone, In County, Landscaped, Paved |
| Lot Size Acres: | 0.17 |
| Postal Code Plus4: | 1422 |
| Middle Or Junior School: | Brookside Middle |
| MLS Area Major: | 34242 - Sarasota/Crescent Beach/Siesta Key |
| MLS Area Major: | 34242 - Sarasota/Crescent Beach/Siesta Key |
| Original List Price: | $2,650,000 |
| Other Equipment: | Irrigation Equipment, Permeable Paving |
| Parcel Number: | 0081070011 |
| Parking Features: | Garage Door Opener, Golf Cart Parking, Ground Level, Oversized, Parking Pad, Basement |
| Patio And Porch Features: | Covered, Deck, Rear Porch, Side Porch, Wrap Around |
| Pets Allowed: | Yes |
| Pool Features: | Gunite, Heated, In Ground, Lighting, Solar Heat, Solar Power Pump, Tile |
| Property Attached?: | No |
| Stories Total: | 1 |
| Township: | 37S |
| Road Surface Type: | Asphalt |
| Roof: | Shingle |
| Listing Terms: | Cash, Conventional |
| Tax Year: | 2025 |
| Security Features: | Smoke Detector(s) |
| Senior Community?: | No |
| Sewer: | Public Sewer |
| Special Listing Conditions: | None |
| Water Body Name: | GRAND CANAL |
| State Or Province: | FL |
| Association?: | No |
| Green Energy Generation: | Solar |
| Utilities: | BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Underground Utilities, Water Connected |
| View: | Pool, Water |
| Water Source: | Public |
| Property Condition: | Completed |
| Public Survey Range: | 17E |
| Public Survey Section: | 12 |
| Zoning: | RSF2 |
| Spa Features: | Heated, In Ground |
| Spa?: | Yes |
| Vegetation: | Trees/Landscaped |
| Waterfront Features: | Canal - Saltwater |
| Window Features: | Blinds, Double Pane Windows, Shades, Thermal Windows |
| Additional Lease Restrictions: | Sarasota County guidelines |
| Additional Rooms: | Bonus Room, Family Room, Great Room, Inside Utility, Media Room |
| Additional Water Information: | Direct access to the Intracoastal with only the Grand Canal Bridge crossing MPR with its vertical clearance of 12 feet MHW and its tidal variance between 13 and 16 feet. |
| Alternate Key Folio Num: | 0081070011 |
| Association Approval Required Yn: | No |
| Available For Lease Yn: | Yes |
| Building Area Total Srch Sq M: | 448.44 |
| Calculated List Price By Calcula: | 1221.76 |
| Cddyn: | No |
| Dprurl: | https://www.workforce-resource.com/dpr/listing/MFRMLS/A4711626?w=Agent&skip_sso=true |
| Dprurl 2: | https://www.workforce-resource.com/dpr/listing/MFRMLS/A4711626?w=Customer |
| Dpryn: | No |
| Exist Lse Tenant Yn: | No |
| Flood Zone Code: | AE |
| Flood Zone Date: | 2024-03-27 |
| Flood Zone Panel: | 12115C0143G |
| Green Verification Count: | 0 |
| Homestead Yn: | Yes |
| Lease Restrictions Yn: | Yes |
| Listing Exclusion Yn: | No |
| Living Area Meters: | 201.51 |
| Lot Size Square Meters: | 706 |
| Minimum Lease: | 1 Month |
| Num Times per Year: | 12 |
| Realtor Info: | Brochure Available, Floor Plan Available, See Attachments, Sign, Survey Available |
| Room Count: | 13 |
| Sdeo yn: | No |
| Sw Subdiv Community Name: | Siesta Beach |
| Total Acreage: | 0 to less than 1/4 |
| Unit Number Yn: | No |
| Water Access: | Bay/Harbor, Canal - Brackish, Canal - Saltwater, Intracoastal Waterway |
| Water Access Yn: | Yes |
| Water Extras: | Bridges - Fixed, Lift, No Wake Zone, Seawall - Concrete, Seawall - Other |
| Water Extras Yn: | Yes |
| Water Frontage Feet Canal Salt: | 62 |
| Waterfront Feet Total: | 62 |
| Water View: | Yes |
| Yrs Of Owner Prior To Leasing Re: | 0 |
| Road Responsibility: | Public Maintained Road |
| Association 2 Yn: | 0 |
| Attribution Contact: | 941-349-3444 |
| Originating System Name : | Stellar MLS |
| Dock Description: | Dock - Composite, Dock - Open, Dock w/Electric, Dock w/Water Supply, Lift |
| Dock Dimensions: | 0 |
| Dock Lift Capacity: | 0 |
| Dock Year Built: | 2018 |
| Dock Yn: | Yes |
| In Law Suite Yn: | No |
| Num Assigned Parking Spaces: | 2 |
| Solar Panel Ownership: | Owned Outright |
| Green Energy Generation Yn: | No |
| Listing Contract Date: | 2026-11-03 |
| Fireplace?: | Yes |
| Pool Private?: | Yes |
| New Construction?: | No |
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Property Last Updated: November 06, 2026 02:35 PM - ET
