481 Magellan Drive, Sarasota, FL 34243
Active Under Contract $875,000
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Under contract-accepting backup offers. # 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.
Ceiling Fans(s)
Eat-in Kitchen
Kitchen/Family Room Combo
Open Floorplan
Primary Bedroom Main Floor
Stone Counters
Thermostat
Walk-In Closet(s)
Taxes: $3,670.17
Tax Year: 2025
Association Fee: $35.00
Association Fee Frequency: Annually
Lighting
Private Entrance
Private Mailbox
Private Yard
Rain Gutters
Cooktop
Dishwasher
Disposal
Dryer
Electric Cooktop
Gas Water Heater
Microwave
Refrigerator
Tankless Water Heater
Washer
Water
Canal - Brackish
Bridges - Fixed
Deck
Lift
Minimum Wake Zone
Bowlees Creek
View: Canal
MLS Area: 34243 - Sarasota
Total Square Footage: 2,434
Price per Square Feet: $451.96
Total Floors: 1
Water: Public
Construction: Block
Date Listed: 2026-10-20 00:00:00
Pool: Y
Pool Description: In Ground, Deck, Fiberglass
Furnished: Unfurnished
Garage Description: Y
Garage Spaces: 2
Attached Garage: Y
Flooring: Terrazzo, Tile
Roof: Shingle
Heating: Central, Electric
Cooling: Central Air
Laundry: Inside, Laundry Room
Pets: Cats Ok, Dogs Ok
Sewer: Public Sewer
Lot Desc.: Near Golf Course, Near Marina, Paved
Parcel ID: 6547100005
Listing Courtesy Of: Exit King Realty
robert@waterfrontsrq.com
Under contract-accepting backup offers. # 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.
Property Details
Price: $875,000
Sq Ft: 1,936
($452 per
sqft)
Bedrooms: 3
Bathrooms: 3
City: Sarasota
County: Manatee
Type: Single Family
Development: Sarabay Harbour Unit One
Acres: 0.3200
Virtual Tour/Floorplan: View
Year Built: 1968
Listing Number: A4710027
Status Code: Active Under Contract
Taxes: $3,670.17
Tax Year: 2025
Garage:
2
/
Y
Furnishings: Unfurnished
Pets Allowed: Cats OK, Dogs OK
Total Recurring Fees: $3
Total Recurring Fee Frequency: 0.00
Interior Features:
Ceiling Fans(s)
Eat-in Kitchen
Kitchen/Family Room Combo
Open Floorplan
Primary Bedroom Main Floor
Stone Counters
Thermostat
Walk-In Closet(s)
Financial Information:
Taxes: $3,670.17
Tax Year: 2025
Association Fee: $35.00
Association Fee Frequency: Annually
Exterior Features:
Lighting
Private Entrance
Private Mailbox
Private Yard
Rain Gutters
Equipment:
Cooktop
Dishwasher
Disposal
Dryer
Electric Cooktop
Gas Water Heater
Microwave
Refrigerator
Tankless Water Heater
Washer
View:
Water
Waterfront Description:
Canal - Brackish
Bridges - Fixed
Deck
Lift
Minimum Wake Zone
Bowlees Creek
View: Canal
Additional Information:
MLS Area: 34243 - Sarasota
Total Square Footage: 2,434
Price per Square Feet: $451.96
Total Floors: 1
Water: Public
Construction: Block
Date Listed: 2026-10-20 00:00:00
Pool: Y
Pool Description: In Ground, Deck, Fiberglass
Furnished: Unfurnished
Garage Description: Y
Garage Spaces: 2
Attached Garage: Y
Flooring: Terrazzo, Tile
Roof: Shingle
Heating: Central, Electric
Cooling: Central Air
Laundry: Inside, Laundry Room
Pets: Cats Ok, Dogs Ok
Sewer: Public Sewer
Lot Desc.: Near Golf Course, Near Marina, Paved
Parcel ID: 6547100005
Map of 481 Magellan Drive, Sarasota, FL 34243
Listing Courtesy Of: Exit King Realty
robert@waterfrontsrq.com