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$2,650,000

4938 Commonwealth DriveSarasota, FL 34242

Listing updated: November 4, 2026 at 6:48 AM ET

Active

Listing courtesy of Michael Saunders & Company · Maurice Menager · MLS #A4711626 · Active · 941-349-3444

Beds

Baths

2,169

Sq Ft

0.17

Acres

1984

Built

◆Waterfront◆Water access◆Private pool◆Fireplace◆$1,222/sqft

Single Family Residence

Property type

1984

Year built

7,604 sqft

Lot size

$1,222

Price / sq ft

No HOA

HOA dues

Day on market

Flood zone

About this home

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!

Estimated monthly payment

Principal & interest$13,400

Property taxes$1,012

Home insurance (est.)$1,215

Down payment

20%

$530,000 downRate

6.5%

Term

Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.

Price & listing history1 days on market

Status: Active
Nov 3, 2026
Listed$2,650,000
Nov 3, 2026

Facts & features

Property type: Residential
Sub type: Single Family Residence
Status: Active
Days on market: 1
Subdivision: Siesta Beach
County: Sarasota
Year built: 1984
Living area: 2,169 sq ft
Price/sq ft: $1,222
Building area: 4,827 sq ft (Public Records)
Lot size: 7,604 sq ft
Lot category: 0 to less than 1/4
Flood zone: AE (12115C0143G)
Pool: Private pool
Annual taxes: $12,150 (2025)
Parcel #: 0081070011
Zoning: RSF2
MLS #: A4711626

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Interior Details

Bedrooms: 4
Full bathrooms: 3
Half bathrooms: 1
Flooring: Laminate, Tile
Appliances: Bar Fridge, Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
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: Electric Dryer Hookup, Inside, Laundry Room, Upper Level
Stories / Levels: Two
Direction faces: East
Fireplace: Yes

Heating & Cooling

Heating: Central, Electric
Cooling: Central Air

Parking

Garage spaces: 0
Attached garage: Yes
Parking features: Garage Door Opener, Golf Cart Parking, Ground Level, Oversized, Parking Pad, Basement

HOA & Financial

Total monthly fees: None
Total annual fees: None
CDD: No
Homestead exemption: Yes
Min lease term: 1 Month
Listing terms: Cash, Conventional
Ownership: Fee Simple
Available for lease: Yes
Lease restrictions: Yes
Additional lease restrictions: Sarasota County guidelines

Exterior & Construction

Exterior features: Garden, Lighting, Permeable Paving
Construction materials: Concrete, Stucco, Frame
Roof: Shingle
Foundation: Slab, Stilt/On Piling
Pool: Private pool
Waterfront: Yes
Water access: Yes
Water view: Yes
Road surface: Asphalt

Utilities

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

Community

Pets allowed: Yes

Schools

ElementaryPhillippi Shores ElementaryGreatSchools ↗

MiddleBrookside MiddleGreatSchools ↗

High SchoolSarasota HighGreatSchools ↗

Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.

Room Details

Room	Level	Dimensions
Foyer	Second	12x11
Great Room	Second	21x30
Kitchen	Second	10x21
Laundry	Second	8x8
Primary Bedroom	Second	13x29
Bedroom 2	Second	13x13
Bedroom 3	Second	12x13
Bathroom 1	Second	9x11
Family Room	First	19x30
Additional Bedroom	First	12x26
Foyer	First	8x12
Balcony/Porch/Lanai	Second	10x21
Balcony/Porch/Lanai	First	26x45

Listing Details

Listing date: 2026-11-03
On market date: 2026-11-03
Original list price: $2,650,000
Occupant type: Owner
MLS area: 34242 - Sarasota/Crescent Beach/Siesta Key
Listing AOR: Sarasota - Manatee
Status changed: 2026-11-03
Tax legal description: LOT 17 & TH N 10 FT OF LOT 18 BLK 22 SIESTA BEACH

Flood risk

High riskFEMA Zone AEPanel 12115C0143G

FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.

Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.

Location

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.

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IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the MLS GRID as of November 4, 2026 at 6:48 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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