311 MAGELLAN DRIVE Sarasota, FL $ 699,000
311 MAGELLAN DRIVE
$ 699,000
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311 MAGELLAN DRIVE

Sarasota, FL, 34243
$ 699,000
Bedrooms2 Baths2.1 Sq 2,702

Monthly Estimate*

$ 4,414

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Single Family Home for sale in Sarasota, FL

for $699,000 with 2 bedrooms and 2 full baths, 1 half bath. This 2,702 square foot home was built in 1961 on a lot size of 0.3.

WATERFRONT POOL HOME ON BOWLEES CREEK – NOT IN A FLOOD ZONE – PRICED FOR IMMEDIATE SALE! Rarely does an opportunity like this come available in such a desirable location. Nestled along picturesque Bowlees Creek and adjacent to Sara Bay Country Club, this 2 bedroom, 2 bathroom waterfront pool home offers over 2,700 sqft of living space and the perfect chance for buyers seeking waterfront living, a private pool, and boating access at a price that leaves room for future improvements and personal touches. From the moment you arrive, the home welcomes you with a spacious circular driveway, mature tropical landscaping, and a private courtyard style entrance that creates a unique sense of character and privacy. The bright exterior and Mid Century design elements provide great curb appeal while setting the stage for a property that is both inviting and full of potential. Inside, the home offers a spacious layout with multiple living and gathering areas. The main living room features vaulted wood plank ceilings, large windows, and sliding glass doors that bring in natural light and connect seamlessly to the outdoor living spaces. The updated kitchen is one of the highlights of the home and has already undergone a stylish renovation with contemporary cabinetry, solid surface countertops, stainless steel appliances, double wall ovens, a gas cooktop, abundant storage, and generous workspace for cooking and entertaining. Beyond the main living areas, additional flexible space provides endless possibilities for a family room, game room, office, hobby room, or guest retreat. Large windows and sliding doors throughout the home help blur the line between indoor and outdoor living while showcasing views of the pool and waterfront setting. The primary suite offers direct access to outdoor living areas and features ample closet space along with an ensuite bath. The guest bedroom is generously sized and positioned near the second full bathroom. While the kitchen has been updated, many of the flooring surfaces and bathrooms remain largely original, providing an excellent opportunity for a new owner to renovate and build additional equity while customizing the home to their own taste and style. Outdoor living is where this property truly shines. A large screened pool enclosure surrounds the sparkling pool and expansive deck areas, creating a private retreat for year round enjoyment. Multiple covered and screened outdoor spaces provide room for dining, entertaining, relaxing, or simply enjoying the peaceful waterfront setting. The backyard offers direct frontage on Bowlees Creek with a seawall, DOCK, and covered BOAT LIFT already in place. Launch your boat, kayak, or paddleboard right from your backyard and enjoy easy access to the surrounding waterways. The creek setting provides a tranquil backdrop with mature trees and natural scenery while still being conveniently located near shopping, dining, beaches, downtown Sarasota, SRQ Airport, and all that the area has to offer. Whether you are searching for a primary residence, seasonal retreat, investment opportunity, or waterfront property to update and make your own, this home presents exceptional value. With an updated kitchen, waterfront location, pool, boat lift, desirable setting next to Sara Bay Country Club, and pricing below current market value for a quick sale, this is an opportunity that savvy buyers will not want to miss. Bring your vision and unlock the full potential of this waterfront gem.

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Single Family Active

Price

$ 699,000

Bedrooms

2

Full Bath

2

Half Bath

1

Property Type

Single Family

Taxes

$ 4,437

Style

Single Family Residence

Lot Size

0.3

Year Built

1961

Town/City

Sarasota

County/Region

Sarasota

MLS | Web ID

A4696859

Features
General
Sewer Public Sewer
Heating Central Electric
Cooling Central Air
Utilities Cable Available Electricity Connected Public Sewer Connected Water Connected
Possession Close Of Escrow
Roof Shingle
Appliances Dishwasher Disposal Microwave Range Refrigerator
Zoning RSF3/HA/
HOA Fee 40
Garage Spaces 1
Patio/Porch Features Covered Patio Porch Screened
Pool Features In Ground
Construction Materials Wood Frame
Pets Allowed Yes
Year Built 1961
View Water
Levels One
Property Subtype Single Family Residence
Tax Year 2025
Ownership Fee Simple
Waterfront Features Canal - Saltwater
Assoc Fee Paid Per Annually
County Manatee
New Construction false
Property Type Residential
Attached Garage true
Subdivision Name MAGELLAN PARK
Facing Direction South
Garage Y/N true
Total Rooms 5
Full Baths 2
Status Active
Directions From US-41 (Tamiami Trail) head west on Whitfield Avenue. Turn right onto Magellan Drive and continue south. Follow Magellan Drive to 311 Magellan Dr. Sarasota FL 34243 which will be on the left.
High School Southeast High
City SARASOTA
Body of Water BOWLEES CREEK
Senior Community Y/N false
MLS Area 34243 - Sarasota
Lot Size Units Square Feet
Lot Size Square Feet 13199
Carport Y/N false
Listing Terms Cash Conventional VA Loan
Elementary School Florine J. Abel Elementary
Land Lease Y/N false
Tax Annual Amount 4437
Middle/Junior High School Electa Arcotte Lee Magnet
Additional Parcels Y/N false
Lease Considered Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/stellar/A4696859
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Owner
Tax Lot 3
Legal Description LOT 3 MAGELLAN PARK UNIT 1 TOGETHER WITH THAT PART OF LOT 4 OF SD MEGELLAN PARK DESC AS FOLLOWS: BEG AT THE SW COR OF SD LOT 4; TH NLY ALG THE W LN OF SD LOT 4 AND ANY NECESSARY EXTENSION THEREOF 166.30 FT TO ITS INTERSECTION WITH A CON BLOCK SEA WALL; TH SELY ALG SD SEAWALL 3.75 FT; TH SLY ON A LN LYING 1 INCH E OF A CHAIN LINK FENCE AND ANY NECESSARY
Water View Canal
Water Access Type Bay/Harbor Canal - Saltwater Intracoastal Waterway
Minimum Lease No Minimum
Water Access Y/N true
Monthly HOA Amount 3.33
Additional Rooms Inside Utility
Water View Y/N true
Flood Zone Code X500
DockY/N true
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Interior
Interior Amenities Ceiling Fan(s) Primary Bedroom Main Floor Solid Surface Counters Thermostat
Flooring Laminate Terrazzo Tile
Furnished Y/N Unfurnished
Fireplace Features Living Room Wood Burning
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Half Baths 1
Laundry Features Inside Laundry Closet
Total Bedrooms 2
Total Baths 3
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Exterior
Exterior Amenities French Doors Sliding Doors
Parking Features Circular Driveway
Water Source Public
Lot Size Area 13199
Foundation Details Slab
Spa false
Building Area Total 3255
Lot Size Acres 0.3
Road Surface Type Asphalt Paved
Private Pool true
Waterfront Y/N true
Covered Spaces 1
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* Excluded Features
List By
Re/Max Alliance Group

Broker

Affordability Calculator

$4,783
Per Month
92%
8%
0%
Monthly Principal & Interest
$4,414
Monthly Property Taxes
$370
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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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Nearby
0 Elementary School
0 Middle School
Southeast High High School High School
Pricing History
DatePricePrice ChangeDescription
6/22/2026$699,000 Listed Price

Map


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311 MAGELLAN DRIVE, Sarasota, FL, 34243 is a Single Family Home for sale at $699,000 with 2,702 sqft and a lot size of 0.3. 311 MAGELLAN DRIVE has 2 bedrooms, 2.1 baths, and was built in 1961. The property's zip code is 34243 which is in Sarasota, FL