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$875,000
4 Days On Site

481 MAGELLAN DRIVE
SARASOTA, FL 34243

For Sale|Single Family Residence|Active
3
Beds
3
Total Baths
3
Full Baths
1,936
SqFt
$452
/SqFt
1968
Built
Subdivision:
SARABAY HARBOUR UNIT ONE
County:
Manatee
Call Now: 941-376-4580
Is this the listing for you? We can help make it yours.
941-376-4580
Upcoming Open Houses
Sat, Oct 24, 10:00 AM - 12:00 PM
Sun, Oct 25, 1:00 PM - 4:00 PM
481 MAGELLAN DRIVE481 MAGELLAN DRIVE481 MAGELLAN DRIVE481 MAGELLAN DRIVE
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# 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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Listing Snapshot
Price 
$875,000
Days On Site 
4 Days
Bedrooms 
3
Inside Area (SqFt) 
1,936 sqft
Total Baths 
3
Full Baths 
3
Partial Baths 
N/A
Lot Size 
0.32 Acres
Year Built 
1968
MLS Number 
A4710027
Status 
Active
Property Tax 
$3,670.17
HOA/Condo/Coop Fees 
$2.92 monthly
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
15 hours agoListing updated with changes from the MLS
yesterdayStatus changed to Active
4 days agoListing first seen on site
General Features
Acres 
0.32
Attached Garage 
Yes
Direction Faces 
East
Garage 
Yes
Garage Spaces 
2
Levels 
One
Number Of Stories 
1
Parking 
Attached
Pets 
Cats OKDogs OK
Property Sub Type 
Single Family Residence
Sewer 
Public Sewer
SqFt Total 
2434
Utilities 
Cable AvailableNatural Gas AvailableCable ConnectedElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
Water Source 
Public
Zoning 
RSF3/WR/
Interior Features
Appliances 
CooktopDishwasherDisposalDryerElectric CooktopGas Water HeaterMicrowaveRefrigeratorTankless Water HeaterWasher
Cooling 
Central Air
Flooring 
TerrazzoTile
Furnished 
Unfurnished
Heating 
CentralElectric
Interior 
Eat-in KitchenOpen FloorplanStone CountersWalk-In Closet(s)In-Law Floorplan
Laundry Features 
InsideLaundry Room
Kitchen 
Features - Stone Counters
Living Room 
Features - Ceiling Fan(s)
Master Bedroom 
Features - Double Vanity
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Exterior Features
Construction Details 
Block
Exterior 
LightingPrivate EntrancePrivate YardRain GuttersDock
Lot Features 
Near Golf CoursePavedWaterfront
Pool Features 
In GroundFiberglassPrivate
Private Pool 
Yes
Roof 
Shingle
Spa Features 
Heated
View 
CanalWater
Waterfront 
Yes
Waterfront Features 
Canal Front
Waterview 
CanalWater
Community Features
Association Fee 
$35.0
Association Fee Frequency 
Annually
MLS Area 
34243 - Sarasota
Township 
35S
Financing Terms Available 
CashConventionalFHAVA Loan
Roads 
Asphalt
Listing courtesy of EXIT KING REALTY (941) 677-3948



Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2026, Stellar MLS.
Last checked: 2026-10-21 09:44 PM EDT

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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