NOT LISTED FOR SALE

4926 Commonwealth Dr Sarasota, FL 34242

Estimated Value: $1,211,000 - $1,577,000

3 Beds
2 Baths
1,968 Sq Ft
$727/Sq Ft Est. Value

Last Sold January 31, 2024

Last sale price $1,925,000 $978 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $8,389/month

1 Day on Market

Highlights

  • 50 Feet of Salt Water Canal Waterfront
  • Dock has access to electricity and water
  • Boat Lift
  • Phillippi Shores Elementary School Rated A
  • Water access To Gulf or Ocean
  • Heated In Ground Pool

About This Home

As of January 2024

Welcome to an idyllic, coastal style, charming Siesta Key waterfront home completely renovated to the highest quality from top to bottom. This Grand Canal location offers the essence of Siesta Key living! Lower your boat from the lift, hop on and you are out to the intracoastal waters and Gulf in minutes w/ only one 14' high bridge to clear. After a day on the water, enjoy your new saltwater pool w/ spa, outdoor shower and then lounge on the outdoor covered patio w/ ample space for family and friends. The pool and backyard are surrounded by lush tropical landscaping, shell lock upgraded brick pavers and convenient storage areas on the side of the house for kayaks, paddleboards and other water toys. Besides the 10K lb. boat lift, there is a kayak lift making for easy water access. Ascend brand new front stairs and enter into an inviting ambiance of open concept living that is great for both families and entertaining that is light and bright with vaulted ceilings and luxury vinyl plank flooring throughout. The dream kitchen has gorgeous coordinating light gray and sand tone wood shaker style cabinetry with all the bells and whistles! Built in 6 burner cooktop, vented hood to outside, built in oven & microwave, soft close drawers/doors, crown molding, designer tile backsplash, stylish pendant and recessed lighting. Bonus "butler's pantry" offers extended cabinet space & expansive countertop for bar serving. Enjoy the formal living room, ample dining room with designer chandelier and comfortable family room with real wood burning fireplace. Step out to the large, screened balcony w/ new screens and railings, relax, take in the views, enjoy a meal and entertain! The split floor plan is perfect for privacy. The master bedroom is off the family room with balcony access, a private master bath and walk in closet. The secondary bedrooms are conveniently situated and share a large guest bathroom. All bathrooms are meticulously updated in modern coastal style finishes, shaker style double sink vanities, quartz countertops, designer lighting, frameless high end glass shower doors, spacious tiled step-in showers with niches, on trend fixtures, large closet in the guest bath and master bath boasts a stand alone soaker tub. Retreat down the center stairway to the lower level in-law/guest suite that offers super 800SF of air conditioned space w/ polished concrete flooring, large living room w/ wet bar featuring quartz countertop, storage drawers, beverage cooler & sink. Add a microwave or electric burner & you have a kitchenette, plus super large bedroom w/ closet and new bathroom w/ tiled step in shower. Also, under stair storage for all your beach gear etc. Access the 3 car tandem garage from lower level which fits 3 cars or 2 cars with lots of storage area. New impact garage doors, entire home has new impact windows and sliders, new flooring throughout, metal roof, new spiral staircase, new front stairs, new railings around balcony, newer AC, water softener, zero scape landscaping, and is move in ready! Coveted location is minutes to the world famous white sands of Siesta Beach and short car or bike ride to the charming Siesta Key Village with all its quaint shops, restaurants, farmer's market and more. A short drive back over the bridge to the mainland takes you to downtown Sarasota where you will find cultural attractions, great shopping, exquisite culinary choices & events. Grab your piece of the waterfront paradise lifestyle today on Siesta Key!

Last Agent to Sell the Property

Karen Nasello

EXP REALTY LLC Brokerage Phone: 888-883-8509 License #3189623 Listed on: 12/23/2023

EXP REALTY LLC

Last Buyer's Agent

Dawn Bear

WILLIAM RAVEIS REAL ESTATE License #3355163

WILLIAM RAVEIS REAL ESTATE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,662

Year Built

  • Built in 1987

Lot Details

  • 5,316 Sq Ft Lot
  • 50 Feet of Salt Water Canal Waterfront
  • Property fronts a saltwater canal
  • East Facing Home
  • Mature Landscaping
  • Landscaped with Trees
  • Property is zoned RSF2

Parking

  • 3 Car Attached Garage
  • Tandem Parking
  • Garage Door Opener
  • Circular Driveway

Home Design

  • Coastal Architecture
  • Elevated Home
  • Slab Foundation
  • Wood Frame Construction
  • Metal Roof
  • HardiePlank Type

Interior Spaces

  • 1,968 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Bar Fridge
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Combination Dining and Living Room
  • Canal Views

Kitchen

  • Built-In Oven
  • Cooktop with Range Hood
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Carpet
  • Concrete
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Upstairs
  • Walk-In Closet
  • In-Law or Guest Suite
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • High Impact Windows
  • Fire and Smoke Detector

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gunite Pool
  • Saltwater Pool
  • Outside Bathroom Access
  • Chlorine Free
  • Pool Lighting

Outdoor Features

  • Water access To Gulf or Ocean
  • Access to Saltwater Canal
  • Seawall
  • Boat Lift
  • Dock has access to electricity and water
  • Open Dock
  • Dock made with Composite Material
  • Balcony
  • Covered Patio or Porch

Additional Homes

  • 800 SF Accessory Dwelling Unit

Schools

  • Phillippi Shores Elementary School
  • Sarasota High School

Utilities

  • Central Heating and Cooling System
  • Propane
  • Electric Water Heater
  • Water Softener
  • High Speed Internet
  • Cable TV Available

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

$5,662

Year Built

Built in 1987

Lot Details

5,316 Sq Ft Lot

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Coastal, Elevated
  • Construction Materials: HardiPlank Type, Wood Frame
  • Fireplace: Yes
  • Living Area: 1968
  • Lot Size Acres: 0.12
  • New Construction: No
  • Year Built: 1987
  • Building Area Total: 4210
  • Lot Size Sq Ft: 5316
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Building Area Total Srch Sq M: 391.12
  • Escrow State: FL
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 978.15
  • Total Acreage: 0 to less than 1/4
  • Water Access YN: 1
  • Property Description: Elevated
  • MFR_InLawSuiteYN: 1
  • MFR_DockDescription: Dock - Composite,Dock - Open,Dock w/Electric,Dock w/Water Supply,Lift
  • MFR_DockYN: 1
  • MFR_InLawSuiteDescription: 1 Bathroom,1 Bedroom,Attached,Private Entrance
  • MFR_InLawSuiteUnderAirSqFt: 800.00
  • Attribution Contact: 888-883-8509
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Family Room, Wood Burning
  • Living Area Units: Square Feet
  • Flooring: Carpet, Concrete, Luxury Vinyl
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, PrimaryBedroom Upstairs, Solid Wood Cabinets, Stone Counters, Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
  • Appliances Included: Bar Fridge, Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range Hood, Refrigerator, Washer, Water Softener
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: Two
  • Spa Features: Heated, In Ground
  • Spa Yn: Yes
  • Stories: 2
  • Window Features: Impact Glass/Storm Windows
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Interior In-Law Suite w/Private Entry
  • Living Area Meters: 182.83

Exterior Features

  • Direction Faces: East
  • Pool Features: Chlorine Free, Gunite, Heated, In Ground, Lighting, Outside Bath Access, Salt Water
  • Exterior Features: Balcony
  • Roof: Metal
  • Pool Private: Yes
  • View: Water
  • Water Body Name: GRAND CANAL
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Patio, Rear Porch, Screened
  • Road Surface Type: Asphalt
  • Disclosures: Seller Property Disclosure
  • Water Access: Canal - Saltwater,Gulf/Ocean
  • Water Extras: Lift,Seawall - Concrete
  • Water Frontage Feet Canal Salt: 50
  • Water View: Canal
  • Water View YN: 1
  • Waterfront Feet Total: 50

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Parking Features: Circular Driveway, Garage Door Opener, Oversized, Tandem

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Propane, Sewer Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Security: Smoke Detector(s)
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

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

Schools

  • Elementary School: Phillippi Shores Elementary
  • High School: Sarasota High

Lot Info

  • Zoning: RSF2
  • Parcel Number: 0081070015
  • Additional Parcels: No
  • Flood Zone Code: AE

Rental Info

  • Furnished: Unfurnished
  • Lease Restrictions YN: 0

Tax Info

  • Tax Annual Amount: 5661.97
  • Tax Block: 22
  • Tax Book Number: 1037-423
  • Tax Lot: 14

Multi Family

  • Waterfront Features: Canal - Saltwater

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 23, 2023
Closed on
Jan 30, 2024
Sold by
Omeara Sean and Omeara Stacey
Bought by
Hill Fred and Hill Jane
Seller's Agent
Karen Nasello
EXP REALTY LLC
Buyer's Agent
Dawn Bear
WILLIAM RAVEIS REAL ESTATE
List Price
$1,795,000
Sold Price
$1,925,000
Premium/Discount to List
$130,000
7.24%
Views
18
Current Estimated Value
$1,534,856

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$390,144
Avg. Annual Appreciation
-13.22%
Original Mortgage
$1,155,000
Outstanding Balance
$1,128,331
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$302,944

Purchase Details

Listed on
Oct 10, 2019
Closed on
Nov 8, 2019
Sold by
Foege Steven T and Foege Susan J
Bought by
Omeara Sean and Omeara Stacey
Seller's Agent
Drew Russell
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Stacey Omeara
LIMBO COMPANY SARASOTA ASSOC
List Price
$799,900
Sold Price
$770,000
Premium/Discount to List
-$29,900
-3.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.19%

Purchase Details

Closed on
Apr 22, 2015
Sold by
Selzer Gary M and Selzer Kimberlee Ann
Bought by
Foege Steven T and Foege Susan J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hill Fred $1,925,000 None Listed On Document
Omeara Sean $770,000 Attorney
Foege Steven T $765,000 Sarasota Title Services Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hill Fred $1,155,000
Previous Owner Foege Steven T $350,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/31/2024 01/31/24 Sold $1,925,000 +7.2% $978 / Sq Ft
12/25/2023 12/25/23 Pending -- -- --
12/23/2023 12/23/23 For Sale $1,795,000 +133.1% $912 / Sq Ft
11/08/2019 11/08/19 Sold $770,000 -3.7% $391 / Sq Ft View Prior Sale
10/10/2019 10/10/19 Pending -- -- --
10/10/2019 10/10/19 For Sale $799,900 -- $406 / Sq Ft
Source: Stellar MLS

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
2025 $5,881 $1,351,500 $729,900 $621,600
2024 $5,662 $471,247 -- --
2023 $5,662 $457,521 $0 $0
2022 $5,486 $444,195 $0 $0
2021 $5,422 $431,257 $0 $0
2020 $4,590 $357,157 $0 $0
2019 $7,546 $563,000 $323,900 $239,100
2018 $7,799 $584,200 $349,800 $234,400
2017 $8,203 $605,900 $349,800 $256,100
2016 $8,418 $610,500 $336,900 $273,600
2015 $4,338 $558,900 $333,500 $225,400
2014 $4,322 $315,517 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: U8224562

Stellar MLS

APN: 0081-07-0015

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