59
Map
$2,695,000
↓ $205K (7.1%)
●
House -
For Sale
4938 COMMONWEALTH DRIVE
SARASOTA, FL 34242
4 Beds
3 Baths,
1
Half Bath
2,169 Ft²
$14,246
Est. Monthly
About This Property
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.
Unit Size
2,169 Ft²
Days on Market
216 days
Land Size
0.17 acres
Price per sqft
$1,243
Property Type
House
Property Taxes
$1,012
HOA Dues
-
Year Built
1984
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 months ago (Stellar MLS #A4683758)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 23, 2026 | Price Decreased |
$2,695,000
↓ $205K
(7.1%) | |
| Price Decreased | |||
| Mar 31, 2026 | Price Decreased |
$2,900,000
↓ $150K
(4.9%) | |
| Price Decreased | |||
| Feb 24, 2026 | Listed by MICHAEL SAUNDERS & COMPANY | $3,050,000 | |
| Listed by MICHAEL SAUNDERS & COMPANY | |||
| Jan 13, 2017 | Sold | ||
| Sold | |||
| Apr 2, 2007 | Sold | ||
| Sold | |||
Property Highlights
Elevator
Garage
Air Conditioning
Fireplace
With View
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Garage Door Opener, Golf Cart Garage, Oversized, Parking Pad, Underground, Ground Level
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: Built-in Features, Cathedral Ceiling(s), Ceiling Fan(s), Elevator, High Ceilings, Open Floorplan, Stone Counters, Vaulted Ceiling(s), Walk-In Closet(s), Eating Space In Kitchen, Living Room/Dining Room Combo, Primary Bedroom Main Floor, PrimaryBedroom Upstairs, Solid Surface Counters, Split Bedroom, Thermostat, Window Treatments
Appliances: Bar Fridge, Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
Flooring Type: Laminate, Porcelain Tile
Laundry Features: Electric Dryer Hookup, Inside, Laundry Room, Upper Level
Rooms: 13
Has Fireplace
Fireplace Features: Electric, Living Room, Ventless
Exterior Details
Square Footage: 2169
Square Footage Source: $0
Security Features: Smoke Detector(s)
Property Condition: Completed
Architectural Style: Florida
Year Built: 1984
Waterfront Features: Canal Access
Waterbody Name: GRAND CANAL
Building Area Total: 4827
Levels: Two
Building Area Units: Square Feet
Window Features: Blinds, Double Pane Windows, Shades, Thermal Windows
Construction Materials: Concrete, Stucco, Wood Siding
Patio and Porch Features: Covered, Deck, Rear Porch, Side Porch, Wrap Around
Pool Features: Gunite, Heated, In Ground, Solar Heat, Tile, Lighting, Solar Power Pump
Pool is Private
Lot Features: Landscaped, Flood Insurance Required, FloodZone, In County
Lot Size Area: 7604
Lot Size Units: Square Feet
Lot Size Acres: 0.17
Lot Size Square Feet: 7604
Tax Lot: 17
Water Source: Public
Financial Details
Tax Annual Amount: $12,150
Lease Considered: Yes
Utilities Details
Cooling Type: Central Air
Heating Type: Central, Electric
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Siesta Beach
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Listed by: Maurice Menager
MICHAEL SAUNDERS & COMPANY
Last Updated: 2 months ago
Data Source: Stellar MLS, MLS# A4683758
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. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
MICHAEL SAUNDERS & COMPANY
Last Updated: 2 months ago
Data Source: Stellar MLS, MLS# A4683758
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017