245 Magellan DRIVE Sarasota, FL $ 1,497,000
245 Magellan DRIVE
$ 1,497,000
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245 Magellan DRIVE

Sarasota, FL, 34243
$ 1,497,000
Bedrooms4 Baths3.1 Sq 2,818

Monthly Estimate*

$ 9,950

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Single Family Home for sale in Sarasota, FL

for $1,497,000 with 4 bedrooms and 3 full baths, 1 half bath. This 2,818 square foot home was built in 1957 on a lot size of 0.47.

Have you ever dreamt of owning a house on a private island? Well, "Blue Island" is where your dream becomes REALITY!! This is a very unique opportunity to purchase one of the best waterfront properties in the area. This home sets on the end of peninsula with water on 3 sides. If the water is what you crave then this property will make you feel connected to it with water views from every room. The home is part of the Whitfield Estates neighborhood which provides some deed restrictions, and a Culinary membership to the Donald Ross designed historic Sara Bay Country club and golf. The location provides easy access to Downtown Sarasota, Downtown Bradenton and all of our world famous beaches, deep water boating with 2 full service marinas, a gas dock, and a Tiki bar all within a 1/4 mile. Boaters will love the location with quick easy access the the Bay and Gulf of Mexico. The home has been completely remodeled and offers 3 bedrooms, 2 1/2 baths, plus a 1 bedroom and 1 bath guest house, open kitchen with incredible water and sunset views, large laundry room, 3 car carport, garage/ workshop with sliding barn doors to access your covered boat house, 450 foot of new seawall, new 10,000 lb direct drive boat lift, 20' x 40' lap pool with huge paver deck, large paver driveway for multiple vehicles, fishing/ lounging dock, almost half an acre of land, all while being only minutes to Sarasota Airport. This property was originally built for the developer of the neighborhood, as it is the absolute best lot. The property was held in the same family for generations until recently, when this property was restored to better than new, with all new Seawall, resurfaced pool, new HVAC, New Metal roof, new hurricane sliding patio doors, new motorized patio roof, new 10,000lb boat lift, new septic system, new whole house water purifier, the list goes on and on. "Blue Island" is ready for the next family to make their memories. It is truly such an incredible property. If you love the water and want to be close to everything Sarasota has to offer this is the home for you. Bring your boat, bring your kayaks and paddle boards and start living the Waterfront lifestyle. Zoning allows for short term rentals with no restrictions if you are interested in offsetting costs.

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Single Family Active

Price

$ 1,497,000

Bedrooms

4

Full Bath

3

Half Bath

1

Property Type

Single Family

Taxes

$ 12,168

Style

Florida

Lot Size

0.47

Year Built

1957

Town/City

Sarasota

County/Region

Sarasota

MLS | Web ID

A4611712

Features
General
Interior Features Ceiling Fan(s) Eating Space In Kitchen Open Floorplan Primary Bedroom Main Floor Solid Wood Cabinets Stone Counters Thermostat Walk-In Closet(s) Window Treatments
Sewer Aerobic Septic
Heating Central
Cooling Central Air
Utilities Cable Connected Electricity Connected Fiber Optics
Roof Metal
Appliances Dishwasher Disposal Dryer Electric Water Heater Microwave Range Refrigerator Washer Water Filtration System
Exterior Features Irrigation System Private Mailbox Rain Gutters Sliding Doors Storage
Zoning RSF3/WR/
Garage Spaces 1
Patio/Porch Features Covered Deck Front Porch Rear Porch
Architectural Style Florida
Pool Features Fiberglass Gunite In Ground Lap
Construction Materials Block Stucco
Pets Allowed Yes
Year Built 1957
View Water
Levels One
Property SubType Single Family Residence
Tax Year 2023
Percent Ownership Fee Simple
Waterfront Features Canal - Brackish
Community Features Golf Restaurant Special Community Restrictions
County Manatee
New Construction No
Property Type Residential
Association Amenities Golf Course Optional Additional Fees Vehicle Restrictions
HOA / Comm Assn No
Attached Garage Yes
Subdivision Name WHITFIELD ESTATES ON SARASOTA BAY BLKS
Facing Direction West
Garage Y/N Yes
Other Structures Boat House Guest House Storage Workshop
Total Rooms 3
Status Active
Directions From SRQ airport head West on University. Turn right to head North on US 41. Turn right onto Magellan watch for private drive on the left side. Turn left into private drive and follow to the very en
City SARASOTA
Buyer Agent Compensation 2.5%
Body of Water Bowlees Creek
Disclosures Lead Paint Seller Property Disclosure
View Y/N Yes
Senior Community Y/N No
MLS Area 34243 - Sarasota
Lot Size Units Square Feet
Lot Size Square Feet 20299
Waterfront Y/N Yes
Carport Spaces 3
Carport Y/N Yes
Elementary School Florine J. Abel Elementary
Land Lease Y/N No
Tax Annual Amount 12168.51
Additional Parcels Y/N No
Lease Considered Y/N Yes
Virtual Tour https://www.propertypanorama.com/instaview/stellar/A4611712
Days on Market 1
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Vacant
Tax Lot M
Legal Description LAND DESC ORB 241 P 660 BEING PART OF LOT M ALL LOT N OF BAILEY UNREC PLAT OF BLK 47 WHITFIELD ESTATES P-45 MORE PARTICULARY DESC AS FOLLOWS: FROM THE INT OF THE ELY LN OF THE 100 FT R/W OF THE NEW L
Water View Canal
Water Access Type Bay/Harbor Canal - Brackish Gulf/Ocean Intracoastal Waterway Marina
Minimum Lease No Minimum
Water Access Y/N Yes
Additional Rooms Family Room Garage Apartment Inside Utility Loft Storage Rooms
ILS Total SQFT 377
ILS Under Air SQFT 377
Water View Y/N Yes
Flood Zone Code AE
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Interior
Flooring Luxury Vinyl
Furnished Y/N Negotiable
Fireplace Features Living Room Masonry Wood Burning
Total Stories 1
Air Conditioning Y/N Yes
Heating Y/N Yes
Window Features Drapes Impact Glass/Storm Windows
Fireplace Y/N Yes
Full Baths 3
Half Baths 1
Laundry Features Inside Laundry Room
Total Bedrooms 4
Total Baths 4
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Exterior
Vegetation Fruit Trees Mature Landscaping Trees/Landscaped
Parking Features Covered
Lot Features Flood Insurance Required Landscaped Level Near Golf Course Near Marina Near Public Transit Oversized Lot Private Street Dead-End Tip Lot
Water Source Well
Lot Size Area 20299
Foundation Details Slab
Building Area Total 3789
Lot Size Acres 0.47
Road Surface Type Paved Asphalt
Covered Spaces 4
Road Frontage Type Street Dead-End Street Paved Private Road
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* Excluded Features
List By
Exit King Realty

Broker

Robert@waterfrontSRQ.com

Email

Affordability Calculator

$10,964
Per Month
91%
9%
0%
Monthly Principal & Interest
$9,950
Monthly Property Taxes
$1,014
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4686313 Elementary School
265661 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/24/2024$1,497,000 Listed Price

Map


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245 Magellan DRIVE, Sarasota, FL, 34243 is a Single Family Home for sale at $1,497,000 with 2,818 sqft and a lot size of 0.47. 245 Magellan DRIVE has 4 bedrooms, 3.1 baths, and was built in 1957. The property's zip code is 34243 which is in Sarasota, FL