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.
Save
Ask
Tour
Hide
Share
Listing Snapshot
Price
$3,050,000
Days On Site
0 Days
Bedrooms
4
Inside Area (SqFt)
2,169 sqft
Total Baths
4
Full Baths
3
Partial Baths
1
Lot Size
0.17 Acres
Year Built
1984
MLS® Number
A4683758
Status
Active
Property Tax
$12,149.85
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Appraiser
Friends & Family
React
Comment
Invite
No Comments Yet
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.
Recent Activity
2 hours ago
Listing updated with changes from the MLS®
8 hours ago
Listing first seen on site
General Features
Acres
0.17
Attached Garage
Yes
Direction Faces
East
Energy Features
Solar
Foundation
Slab
Garage
Yes
Garage Spaces
2
Levels
Two
Number Of Stories
1
Parking
Garage Door OpenerOversizedParking PadBasementAttached
Listing courtesy of MICHAEL SAUNDERS & COMPANY (941) 238-8119
Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2026, Stellar MLS.
Last checked: 2026-03-02 06:21 PM EST
Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.