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Single Family Residence at 4938 COMMONWEALTH DR, SARASOTA
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59 photos

$2,695,000

4938 COMMONWEALTH DR
SARASOTA, FL 34242
Listed by Maurice Menager · MICHAEL SAUNDERS & COMPANY
Bedrooms
4
Bathrooms
3.5
Living area
2,169 sqft
Year built
1984

About this home

"Prepare to be captivated by this fully renovated masterpiece, offering an unparalleled blend of modern luxury and coastal sophistication. Featuring an extra 1,300 square feet of finished, legal nonconforming space in addition to the official tax record, this property offers exceptional value at under $800/sq ft when including this spectacular bonus square footage. Perfectly designed for upscale entertaining or private relaxation, every detail of this residence has been meticulously updated with premium finishes. Don't miss the opportunity to own a turnkey oasis that truly offers more than meets the eye."

Highlights

WaterfrontPrivate poolFireplace

Property details

MLS #
MFRA4683758
Property type
Single Family Residence
Subdivision
SIESTA BEACH
Status
Active
Days on market
175
On market date
March 2, 2026
Stories
N/A
Total bathrooms
3.5
Garage spaces
2
Parking spaces
N/A
Lot size
0.17 acres

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
PHILLIPPI SHORES ELEMENTARY SCHOOL
1.63 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
763
Student:teacher ratio
15.0:1
District
SARASOTA
Middle
BROOKSIDE MIDDLE SCHOOL
2.24 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
760
Student:teacher ratio
15.8:1
District
SARASOTA
High
RIVERVIEW HIGH SCHOOL
2.09 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
2,542
Student:teacher ratio
20.7:1
District
SARASOTA

Walkability

Blended score for SARASOTA's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

48
Somewhat walkable
out of 100
EPA National Walkability Index
6.0 / 20 -- Below average walkable
Google Places amenity density
75 / 100
Restaurants & cafes20
Grocery stores2
Parks9
Schools2
Transit stops16
Pharmacies0

Market position

How this listing compares to current activity in SARASOTA, from live MLS data.

On the market 175 days -- 1 more days than SARASOTA's current average of 174 days.
For reference, the median list price across 4,430 active listings in SARASOTA right now is $350,000.

Mortgage calculator

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Est. monthly payment
$16,380/mo
$539,000 down
$2,156,000 loan
Principal & interest$13,984
Property tax (est.)$2,246
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated August 24, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.