481 MAGELLAN DRIVE Sarasota, FL $ 875,000
481 MAGELLAN DRIVE
$ 875,000
Recently Listed
Open House 10/24 10am - 12pm
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481 MAGELLAN DRIVE

Sarasota, FL, 34243
$ 875,000
Bedrooms3 Baths3.0 Sq 1,936

Monthly Estimate*

$ 6,043

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Single Family Home for sale in Sarasota, FL

for $875,000 with 3 bedrooms and 3 full baths. This 1,936 square foot home was built in 1968 on a lot size of 0.32.

# Your Boat in the Backyard. Your Sunset Every Night. Your Sarasota!! Imagine waking up in Sarasota and deciding that today is a boat day. No packing the car, fighting boat ramp traffic, or planning your entire day around getting there. Your boat is right in your backyard, waiting for you. Pour a cup of coffee, walk down to your private dock, and just go.... Welcome to 481 Magellan Drive—a beautifully remodeled waterfront home where the best of the Florida lifestyle isn't something you have to drive to. It's right outside your back door. Spend the morning fishing along the creek, cruise out to Sarasota Bay, or head toward one of the area's beautiful private islands and secluded beaches. With convenient boating access to New Pass, Big Pass, and Longboat Pass, adventure is always within reach. And when you return home, your boat is waiting on its 10,000-pound lift, right where it belongs. But some of the best moments here happen without ever leaving home. As the afternoon fades, step onto your elevated waterfront deck, pour something cold, and watch the sky change colors as you relax in your private, heated swim spa Inside, the home is every bit as inviting as the setting. Beautifully remodeled with a thoughtful eye for design, this three-bedroom, three-bath residence offers just under 2,000 square feet of comfortable, stylish living. Classic terrazzo floors, an updated kitchen and bathrooms, and carefully considered improvements create a home that feels polished without losing the relaxed character that makes Florida living so appealing. There's room for guests, too, with a third bedroom featuring its own private entrance and en-suite bathroom. The climate-controlled garage offers additional flexibility, whether you need space for your vehicles, hobbies, or recreational gear. And then there's the location. Set on one of the area's most desirable streets, directly across from Sarabay Golf and Country Club, 481 Magellan puts you close to everything while offering a waterfront setting that feels a world away from the crowds. Downtown Sarasota, downtown Bradenton, and University Town Center are all approximately 15 minutes away. The beaches are roughly 20 minutes by car—or you can make the journey part of the adventure and head out by boat. It's a rare combination: No CDD, No HOA, and No Flood insurance required!!! The convenience of a central Sarasota location, the character of an established neighborhood, and the freedom that comes with living on the water. Thoughtful energy-efficient upgrades, a newer roof, insulated windows, and updated mechanical systems add comfort and peace of mind. Looking for a waterfront home to enjoy full-time? A place to escape to when the rest of the world gets busy? Or a property with established short-term rental history and the potential to make your time away work for you? This home offers possibilities beyond the ordinary. Because the real luxury isn't just having a beautiful home. It's having the freedom to fish before breakfast, disappear to a quiet beach for the afternoon, and watch another spectacular Sarasota sunset without ever leaving your own backyard. **481 Magellan Drive. This is what living in Sarasota should feel like.** Schedule your private showing today.

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Open House

10/24/2026 10:00 AM - 12:00 PM
10/25/2026 1:00 PM - 4:00 PM
481 MAGELLAN DRIVE Sarasota, FL
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Single Family Active

Price

$ 875,000

Bedrooms

3

Full Bath

3

Property Type

Single Family

Taxes

$ 3,670

Style

Single Family Residence

Lot Size

0.32

Year Built

1968

Town/City

Sarasota

County/Region

Sarasota

MLS | Web ID

A4710027

Features
General
Sewer Public Sewer
Heating Central Electric
Cooling Central Air
Utilities Cable Connected Electricity Connected Natural Gas Connected Sewer Connected Sprinkler Recycled Water Connected
Possession Close Of Escrow
Roof Shingle
Appliances Cooktop Dishwasher Disposal Dryer Electric Cooktop Gas Water Heater Microwave Refrigerator Tankless Water Heater Washer
Zoning RSF3/WR/
HOA Fee 35
Garage Spaces 2
Pool Features In Ground Deck Fiberglass
Construction Materials Block
Pets Allowed Cats OK Dogs OK
Year Built 1968
View Water
Levels One
Property Subtype Single Family Residence
Tax Year 2025
Ownership Fee Simple
Waterfront Features Canal - Brackish
Assoc Fee Paid Per Annually
County Manatee
New Construction false
Property Type Residential
Attached Garage true
Subdivision Name SARABAY HARBOUR UNIT ONE
Facing Direction East
Garage Y/N true
Total Rooms 3
Full Baths 3
Status Active
Directions For the bests experience arrive from Whitfield and drive on Willow then merge right onto Magellan. Enjoy the various architecture and the water on the left and golf course on the right. Home will be on the left.
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 14070
Carport Spaces 0
Carport Y/N false
Listing Terms Cash Conventional FHA VA Loan
Spa Features Heated Swim Spa
Land Lease Y/N false
Tax Annual Amount 3670.17
Additional Parcels Y/N false
Lease Considered Y/N true
Virtual Tour https://iframe.videodelivery.net/10e90780f5d9bbb42b3459d14d0ae5aa https://iframe.videodelivery.net/10e90780f5d9bbb42b3459d14d0ae5aa
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Vacant
Tax Lot 8
Legal Description LOT 8 SARABAY HARBOUR UNIT ONE PI#65471.0000/5
Water View Canal
Water Access Type Brackish Water Canal - Brackish Canal - Freshwater Canal - Saltwater Creek Gulf/Ocean Intracoastal Waterway Marina River
Minimum Lease No Minimum
Water Access Y/N true
Monthly HOA Amount 2.92
Water View Y/N true
Flood Zone Code X500*
In Law Suite YN true
In Law Suite Description 1 Bathroom 1 Bedroom Attached
Flood Zone Code X500 Y
DockY/N true
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Interior
Interior Amenities Ceiling Fan(s) Eating Space In Kitchen Kitchen/Family Room Combo Open Floorplan Primary Bedroom Main Floor Stone Counters Thermostat Walk-In Closet(s)
Flooring Terrazzo Tile
Furnished Y/N Unfurnished
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Half Baths 0
Laundry Features Inside Laundry Room
Total Bedrooms 3
Total Baths 3
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Exterior
Exterior Amenities Irrigation System Lighting Private Entrance Private Mailbox Private Yard Rain Gutters Sliding Doors
Lot Features Near Golf Course Near Marina
Water Source Public
Lot Size Area 14070
Foundation Details Stem Wall
Building Area Total 2434
Lot Size Acres 0.32
Road Surface Type Paved Asphalt
Private Pool true
Waterfront Y/N true
Covered Spaces 2
Road Frontage Type Street Paved
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* Excluded Features
List By
Exit King Realty

Broker

Robert@waterfrontSRQ.com

Email

Affordability Calculator

$6,349
Per Month
95%
5%
0%
Monthly Principal & Interest
$6,043
Monthly Property Taxes
$306
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/20/2026$875,000 Listed Price

Map


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481 MAGELLAN DRIVE, Sarasota, FL, 34243 is a Single Family Home for sale at $875,000 with 1,936 sqft and a lot size of 0.32. 481 MAGELLAN DRIVE has 3 bedrooms, 3.0 baths, and was built in 1968. The property's zip code is 34243 which is in Sarasota, FL