$1,969,000
$331K PRICE DROP

4964 Commonwealth Dr Sarasota, FL 34242

Estimated payment $11,667/month

Total Views 13,157
3 Beds
5 Baths
3,000 Sq Ft
$656 Price per Sq Ft

Highlights

  • Dock has access to electricity and water
  • Access To Intracoastal Waterway
  • In Ground Pool
  • Phillippi Shores Elementary School Rated A
  • Boat Lift
  • Custom Home

About This Home

Discover timeless elegance and coastal charm in this stunning 3-bedroom 5-bath home situated on the Grand Canal of Siesta Key. Elevated and meticulously designed, this residence offers a rare blend of luxury, warmth, and functionality in one of Sarasota's Most desirable waterfront neighborhoods. Soaring 14-foot ceilings define the main living area, where natural cherry hardwood floors carry warmth and sophistication throughout. The open concept great room features a custom built-in media center that surrounds a cozy gas fireplace, sliding doors open to a large balcony overlooking the sparkling pool and serene canal. At the heart of the home the chef's kitchen impresses with high end cabinetry, granite countertops, Sub-Zero refrigeration, and premium gas appliances-perfect for both casual meals and entertaining in style. Retreat to the master suite, where polished travertine floors lead you to a spa-like bath featuring deep soaking tub, walk-in glass shower, and an expansive closet that's sure to impress. Each additional bedroom is generously sized with it's own access to a Juliet balcony and full bath, ideal for family or guest. Outside a pool is framed by lush tropical landscaping, while the dock offers a 10,000-pound boat lift for effortless access to the Intracoastal Waterway and Gulf of Mexico. Additional highlights include a 2-car garage and a paver driveway that enhances the home's curb appeal. This property presents a rare opportunity in one of Sarasota's most desirable locations- just minutes from world-famous Siesta Key Beach, shopping, dining, and cultural attractions. Don't miss this chance to own a piece of paradise!

Listing Agent

Traci Rusek

FINE PROPERTIES Brokerage Phone: 941-782-0000 License #3411388 Listed on: 04/15/2025

FINE PROPERTIES

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,513

Year Built

  • Built in 2004

Lot Details

  • 6,323 Sq Ft Lot
  • Property fronts a saltwater canal
  • Southwest Facing Home
  • Mature Landscaping
  • Irrigation Equipment
  • Landscaped with Trees
  • Property is zoned RSF2

Parking

  • 2 Car Attached Garage

Home Design

  • Custom Home
  • Bi-Level Home
  • Slab Foundation
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 3,000 Sq Ft Home
  • Open Floorplan
  • Bar Fridge
  • High Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Blinds
  • Sliding Doors
  • Great Room
  • Family Room Off Kitchen
  • Combination Dining and Living Room
  • Home Office
  • Inside Utility
  • Laundry Room
  • Canal Views

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • <<builtInOvenToken>>
  • Range<<rangeHoodToken>>
  • <<microwave>>
  • Dishwasher
  • Wine Refrigerator
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Wood
  • Carpet
  • Marble
  • Travertine

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Bathtub With Separate Shower Stall

Home Security

  • Security System Owned
  • Fire and Smoke Detector

Pool

  • In Ground Pool
  • Spa

Outdoor Features

  • Access To Intracoastal Waterway
  • Access to Saltwater Canal
  • Boat Lift
  • Dock has access to electricity and water
  • Dock made with wood
  • Balcony
  • Deck
  • Covered patio or porch
  • Rain Gutters

Schools

  • Phillippi Shores Elementary School
  • Brookside Middle School
  • Sarasota High School

Utilities

  • Central Heating and Cooling System
  • Propane
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Siesta Beach Community
  • Siesta Beach Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,513

Year Built

Built in 2004

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Custom
  • Construction Materials: Block, Stucco
  • Fireplace: Yes
  • Living Area: 3000
  • Lot Size Acres: 0.15
  • New Construction: No
  • Year Built: 2004
  • Building Area Total: 3950
  • Lot Size Sq Ft: 6323
  • Directions to Property: Siesta Dr to left on Midnight Pass Rd. Take a right on Commonwealth Dr.
  • Status: Active
  • Ownership: Fee Simple
  • Available for Lease YN: 1
  • Escrow City: Sarasota
  • Escrow Postal Code: 34240
  • Escrow State: FL
  • Escrow Street Name: Paylor Lane
  • Escrow Street Number: 5218
  • List Office Head Office Key Nume: 1047148
  • Minimum Lease: 1 Month
  • RATIO Current Price By Calculate: 656.33
  • Total Acreage: 0 to less than 1/4
  • Unit Number YN: 0
  • Water Access YN: 1
  • MFR_InLawSuiteYN: 0
  • MFR_DockDescription: Dock - Wood,Dock w/Electric,Dock w/Water Supply,Lift
  • MFR_DockYN: 1
  • Attribution Contact: 941-782-0000
  • Tax Year: 2024
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Gas
  • Living Area Units: Square Feet
  • Flooring: Carpet, Marble, Wood
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Eat-in Kitchen, High Ceilings, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Solid Wood Cabinets, Stone Counters, Walk-In Closet(s), Window Treatments
  • Appliances Included: Bar Fridge, Built-In Oven, Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Range Hood, Refrigerator, Wine Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: Two
  • Other Equipment: Irrigation Equipment
  • Spa Yn: Yes
  • Window Features: Blinds, Window Treatments
  • Street Number Modifier: 4964
  • Additional Rooms: Great Room,Inside Utility
  • Living Area Meters: 278.71
  • Room Count: 8

Exterior Features

  • Direction Faces: Southwest
  • Pool Features: In Ground
  • Exterior Features: Balcony, Rain Gutters, Sliding Doors
  • Roof: Tile
  • Home Warranty: No
  • Pool Private: Yes
  • View: Water
  • Water Body Name: GRAND CANAL
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck, Patio, Porch
  • Road Surface Type: Asphalt
  • Water Access: Canal - Saltwater,Intracoastal Waterway
  • Water Extras YN: 0
  • Water View: Canal
  • Water View YN: 1
  • Waterfront Feet Total: 0

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes

Utilities

  • Utilities: Electricity Connected, Propane, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Security: Security System Owned, Smoke Detector(s)
  • Senior Community: No
  • Association 2 YN: 0
  • Association Fee Requirement: None

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Schools

  • Elementary School: Phillippi Shores Elementary
  • High School: Sarasota High
  • Middle Or Junior School: Brookside Middle

Lot Info

  • Zoning: RSF2
  • Parcel Number: 0081100041
  • Additional Parcels: No
  • Lot Features: In County
  • Flood Zone Code: AE
  • Homestead YN: 1
  • Lot Size Square Meters: 587
  • Future Land Use: 0100

Rental Info

  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Minimum 1 month.

Tax Info

  • Tax Annual Amount: 9512.66
  • Tax Block: 22
  • Tax Book Number: 0001/0167
  • Tax Lot: 24

Multi Family

  • Waterfront Features: Canal - Saltwater

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $16,501 $791,413 -- --
2023 $16,501 $1,543,000 $686,600 $856,400
2022 $15,513 $1,458,900 $779,400 $679,500
2021 $12,346 $977,000 $490,500 $486,500
2020 $11,336 $864,000 $406,400 $457,600
2019 $10,421 $796,500 $350,300 $446,200
2018 $10,413 $796,100 $378,400 $417,700
2017 $8,548 $671,085 $0 $0
2016 $8,549 $857,900 $364,300 $493,600
2015 $8,710 $767,400 $352,400 $415,000
2014 $8,681 $637,964 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2025 07/02/25 Price Changed $1,969,000 -10.5% $656 / Sq Ft
05/09/2025 05/09/25 Price Changed $2,200,000 -4.3% $733 / Sq Ft
04/15/2025 04/15/25 For Sale $2,300,000 -- $767 / Sq Ft
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $200,500 Attorney
Warranty Deed $1,400,000 --
Warranty Deed $345,000 --
Warranty Deed $345,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $150,000 Balloon
Closed $150,000 Balloon
Previous Owner $500,000 Negative Amortization
Source: Public Records

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Source: Stellar MLS

MLS Number: A4647594

Stellar MLS

APN: 0081-10-0041