For sale Home

Listed Nov 3, 2026

$2,650,000 Est. $17,527/mo

4938 Commonwealth Drive

  • 4

    Beds

  • 4

    Baths

  • 2,169

    Sq ft

The story

  • Pool
  • Waterfront

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!

Facts & features

Home type

Home

Year built

1984

Floors

1

Price per sq ft

$1,222

Included features

  • Pool

    Yes

  • Fireplace

    Yes

  • Cooling

    Central Air

  • Heating

    Central, Electric

  • Appliances

    Bar Fridge, Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer

  • Flooring

    Laminate, Tile

  • Roof

    Shingle

  • Lot Information

    Flood Insurance Required, Flood Zone, In County, Landscaped, Paved

  • Exterior

    Garden, Lighting, Permeable Paving

  • Water Source

    Public

  • Sewer

    Public Sewer

  • View

    Water

Mortgage calculator

Estimated monthly payment

$17,527 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $14,104
  • Property tax $2,650
  • Insurance $773

Includes principal, interest, taxes & insurance.

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Listing Broker

MICHAEL SAUNDERS & COMPANY

Broker Name

MICHAEL SAUNDERS & COMPANY

Agent

Maurice Menager