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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.
| DAYS ON MARKET | 19 | LAST UPDATED | 3/2/2026 |
|---|---|---|---|
| TRACT | SIESTA BEACH | YEAR BUILT | 1984 |
| COMMUNITY | 34242 - Sarasota/Crescent Beach/Siesta Key | GARAGE SPACES | 2.0 |
| COUNTY | Sarasota | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| Elementary School | Phillippi Shores Elementary |
|---|---|
| Jr. High School | Brookside Middle |
| High School | Sarasota High |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Bar Fridge, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer |
| AREA | 34242 - Sarasota/Crescent Beach/Siesta Key |
| CONSTRUCTION | Concrete, Frame, Stucco |
| EXTERIOR | Dock, Garden, Lighting, Permeable Paving |
| FIREPLACE | Yes |
| GARAGE | Yes |
| HEAT | Central, Electric |
| INTERIOR | Built-in Features, Cathedral Ceiling(s), Eat-in Kitchen, Elevator, High Ceilings, Open Floorplan, Stone Counters, Vaulted Ceiling(s), Walk-In Closet(s) |
| LOT | 7405 sq ft |
| LOT DESCRIPTION | Landscaped, Paved, Waterfront |
| PARKING | Garage Door Opener, Oversized, Parking Pad, Basement, Attached |
| POOL | Yes |
| POOL DESCRIPTION | Gunite, Heated, In Ground, Solar Heat, Tile, Private |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Florida |
| SUBDIVISION | SIESTA BEACH |
| TAXES | 12149.85 |
| UTILITIES | Cable Available, Cable Connected, Electricity Connected, Underground Utilities, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Canal, Water, Pool |
| WATER | Public |
| WATER ACCESS | GRAND CANAL |
| WATERFRONT | Yes |
| WATERFRONT DESCRIPTION | Canal Front |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Maurice Menager, MICHAEL SAUNDERS & COMPANY, 941-349-3444
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 3/14/26 12:49 PM PDT.
This IDX solution is (c) Diverse Solutions 2026.
