For sale

$2,650,000

4938 COMMONWEALTH DRIVE, SARASOTA, FL 34242

4beds

2,169sqft

$16,677/mo

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Single Family Residence

Built in 1984

7,604 Square Feet Lot

$-- Zestimate^®

$1,222/sqft

$-- HOA

What's special

Fully renovated estateSprawling open floor planHigh-end boating amenitiesSeamless indoor-outdoor flow

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!

1 day
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Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4
Full bathrooms: 3
1/2 bathrooms: 1

Rooms

Room types: Bonus Room, Family Room, Great Room, Utility Room, Media Room

Primary bedroom

Features: Dual Sinks, En Suite Bathroom, Walk-In Closet(s)
Level: Second
Area: 377 Square Feet
Dimensions: 13x29

Other

Features: Ceiling Fan(s), En Suite Bathroom, Walk-In Closet(s)
Level: First
Area: 312 Square Feet
Dimensions: 12x26

Bedroom 2

Features: Built-in Closet
Level: Second
Area: 169 Square Feet
Dimensions: 13x13

Bedroom 3

Features: Built-in Closet
Level: Second
Area: 156 Square Feet
Dimensions: 12x13

Bathroom 1

Features: Tub With Shower, Linen Closet
Level: Second
Area: 99 Square Feet
Dimensions: 9x11

Balcony porch lanai

Level: Second
Area: 210 Square Feet
Dimensions: 10x21

Balcony porch lanai

Level: First
Area: 1170 Square Feet
Dimensions: 26x45

Family room

Features: Bar, Built-In Shelving
Level: First
Area: 570 Square Feet
Dimensions: 19x30

Foyer

Features: Built-In Shelving
Level: First
Area: 96 Square Feet
Dimensions: 8x12

Foyer

Level: Second
Area: 132 Square Feet
Dimensions: 12x11

Great room

Level: Second
Area: 630 Square Feet
Dimensions: 21x30

Kitchen

Features: Breakfast Bar, Built-In Shelving, Stone Counters
Level: Second
Area: 210 Square Feet
Dimensions: 10x21

Laundry

Features: Pantry
Level: Second
Area: 64 Square Feet
Dimensions: 8x8

Heating

Central, Electric

Cooling

Central Air

Appliances

Included: Bar Fridge, Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
Laundry: Electric Dryer Hookup, Inside, Laundry Room, Upper Level

Features

Built-in Features, Cathedral Ceiling(s), Ceiling Fan(s), Eating Space 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)
Flooring: Laminate, Porcelain Tile
Windows: Window Treatments
Has fireplace: Yes
Fireplace features: Electric, Living Room, Ventless

Interior area

Total structure area: 4,827
Total interior livable area: 2,169 sqft

Property

Parking

Parking features: Garage Door Opener, Golf Cart Parking, Ground Level, Oversized, Parking Pad, Under Building
Has attached garage: Yes
Has uncovered spaces: Yes

Accessibility

Accessibility features: Accessible Elevator Installed

Features

Levels: Two
Stories: 2
Patio & porch: Covered, Deck, Rear Porch, Side Porch, Wrap Around
Exterior features: Garden, Irrigation System, Lighting, Permeable Paving
Has private pool: Yes
Pool features: Gunite, Heated, In Ground, Lighting, Solar Power Pump, Tile
Has spa: Yes
Spa features: Heated, In Ground
Has view: Yes
View description: Pool, Water, Canal
Has water view: Yes
Water view: Water,Canal
Waterfront features: Canal - Saltwater, Bay/Harbor Access, Brackish Canal Access, Saltwater Canal Access, Intracoastal Waterway Access, Bridges - Fixed, Lift, No Wake Zone, Seawall
Body of water: GRAND CANAL

Lot

Size: 7,604 Square Feet
Features: Flood Insurance Required, FloodZone, In County, Landscaped
Residential vegetation: Trees/Landscaped

Details

Parcel number: 0081070011
Zoning: RSF2
Special conditions: None

Construction

Type & style

Home type: SingleFamily
Architectural style: Florida
Property subtype: Single Family Residence

Materials

Concrete, Stucco, Wood Frame (FSC Certified)
Foundation: Slab, Raised
Roof: Shingle

Condition

Completed
New construction: No
Year built: 1984

Utilities & green energy

Electric: Photovoltaics Seller Owned
Sewer: Public Sewer
Water: Public
Utilities for property: BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Underground Utilities, Water Connected

Green energy

Energy efficient items: Solar Energy Storage On Site
Energy generation: Solar

Community & HOA

Community

Security: Smoke Detector(s)
Pet fee: $0 monthly
Subdivision: SIESTA BEACH

HOA

Has HOA: No

Location

Region: Sarasota

Financial & listing details

Price per square foot: $1,222/sqft
Tax assessed value: $1,749,300
Annual tax amount: $12,149
Date on market: 11/3/2026
Cumulative days on market: 2 days
Listing terms: Cash,Conventional
Ownership: Fee Simple
Total actual rent: 0
Electric utility on property: Yes
Road surface type: Paved, Asphalt

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
11/3/2026	Listed for sale	$2,650,000-1.7%$1,222/sqft
Source: Stellar MLS #A4711626 Report a problem
8/31/2026	Listing removed	$2,695,000$1,243/sqft
Source: Stellar MLS #A4683758 Report a problem
5/22/2026	Price change	$2,695,000-7.1%$1,243/sqft
Source: Stellar MLS #A4683758 Report a problem
3/30/2026	Price change	$2,900,000-4.9%$1,337/sqft
Source: Stellar MLS #A4683758 Report a problem
3/2/2026	Listed for sale	$3,050,000+281.3%$1,406/sqft
Source: Stellar MLS #A4683758 Report a problem
1/13/2017	Sold	$800,000+5.6%$369/sqft
Source: Public Record Report a problem
3/30/2007	Sold	$757,500+215.6%$349/sqft
Source: Stellar MLS #A318882 Report a problem
9/14/1993	Sold	$240,000$111/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$12,150 +3.3%	$1,009,114 +2.9%
2024	$11,764 +3.1%	$980,674 +3%
2023	$11,415 +2.6%	$952,111 +3%
2022	$11,129 +0.2%	$924,380 +3%
2021	$11,111 -0.6%	$897,456 +1.4%
2020	$11,180 +3%	$885,065 +2.3%
2019	$10,857	$865,166 +30.8%
2018	$10,857 +24%	$661,400 +5.1%
2017	$8,756 +11.7%	$629,600 +7%
2016	$7,835	$588,400 +6.8%
2015	$7,835 +3.9%	$551,000 +15.4%
2014	$7,543 +7.9%	$477,300
2013	$6,987 +4%	$477,300 +3.3%
2012	$6,716 +15.3%	$462,200 +5.4%
2011	$5,826 -4.5%	$438,500 -1.8%
2010	$6,099 -2.8%	$446,700 -10.8%
2009	$6,274	$500,962 +1.6%
2008	$6,274 -51.6%	$492,869 -49.8%
2007	$12,966	$981,300 +196.1%
2006	--	$331,435 +3.8%
2005	--	$319,382 +3%
2004	$4,686 -1.1%	$310,080 +1.9%
2003	$4,737 +1.5%	$304,298 +2.4%
2002	$4,667 +7.3%	$297,166 +1.6%
2001	$4,349 +2.7%	$292,486 +3%
2000	$4,236	$283,967