OPEN HOUSE Sat, Oct 24 2026 10:00 AM - 12:00 PM
OPEN HOUSE Sun, Oct 25 2026 01:00 PM - 04:00 PM
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OPEN HOUSE Sat, Oct 24 2026 10:00 AM - 12:00 PM
OPEN HOUSE Sun, Oct 25 2026 01:00 PM - 04:00 PM

$875,000

3 Beds 3 Baths 1,936 SQFT 0.32 Acres
Type: Single Family

481 MAGELLAN DRIVE
SARASOTA, FL 34243

MLS#: A4710027
Cam Friedrich
Cam Friedrich
The Real Estate Advantage
Phone: 507.272.5507
Office: 952.898.5800
Presented by: EXIT KING REALTY with 941-497-6060. - 941-497-6060

Property Description

 

# 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.


 

Interior Features

Bedrooms

Total Bedrooms3

Bathrooms

Half Baths0
Total Baths3

Other Interior Features

LivingAreaSource0 sqft
Air Conditioning Y/NYes
Fireplace Y/NNo
FlooringTerrazzo, Tile
Furnished Y/NUnfurnished
Heating Y/NYes
Interior AmenitiesCeiling Fan(s), Eating Space In Kitchen, Kitchen/Family Room Combo, Open Floorplan, Primary Bedroom Main Floor, Stone Counters, Thermostat, Walk-In Closet(s)
Laundry FeaturesInside, Laundry Room
Total Stories1

General

Additional Parcels Y/NNo
AppliancesCooktop, Dishwasher, Disposal, Dryer, Electric Cooktop, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater, Washer
Assoc Fee Paid PerAnnually
Attached Garage Yes
Body of WaterBOWLEES CREEK
Building Area Units0 sqft
Carport Spaces0
Carport Y/NNo
CitySARASOTA
Construction MaterialsBlock
CoolingCentral Air
CountyManatee
DirectionsFor 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.
DockY/NYes
Facing DirectionEast
Flood Zone CodeX500*
Flood Zone Code X500Y
Full Baths3
Garage Spaces2
Garage Y/NYes
HOA Fee$35
HeatingCentral, Electric
In Law Suite Description1 Bathroom, 1 Bedroom, Attached
In Law Suite YNYes
Land Lease Y/NNo
Lease Considered Y/NYes
Legal DescriptionLOT 8 SARABAY HARBOUR UNIT ONE PI#65471.0000/5
LevelsOne
Listing TermsCash, Conventional, FHA, VA Loan
Living Area Units0 sqft
Lot Size Square Feet14,070 sqft
Lot Size UnitsSquare Feet
MLS Area34243 - Sarasota
Minimum LeaseNo Minimum
Monthly HOA Amount$3
New ConstructionNo
Occupancy TypeVacant
OwnershipFee Simple
Pets AllowedCats OK, Dogs OK
Pool FeaturesIn Ground, Deck, Fiberglass
PossessionClose Of Escrow
Property SubtypeSingle Family Residence
Property TypeResidential
RoofShingle
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesHeated, Swim Spa
Standard StatusActive
StatusActive
Subdivision NameSARABAY HARBOUR UNIT ONE
Tax Annual Amount$3,670
Tax Lot8
Tax Year2025
Total Rooms3
UtilitiesCable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Sprinkler Recycled, Water Connected
ViewWater
Virtual TourClick here
Virtual TourClick here
Water Access TypeBrackish Water, Canal - Brackish, Canal - Freshwater, Canal - Saltwater, Creek, Gulf/Ocean, Intracoastal Waterway, Marina, River
Water Access Y/NYes
Water ViewCanal
Water View Y/NYes
Waterfront FeaturesCanal - Brackish
Year Built1968
ZoningRSF3/WR/

Exterior

Building Area Total2,434 sqft
Covered Spaces2
Exterior AmenitiesIrrigation System, Lighting, Private Entrance, Private Mailbox, Private Yard, Rain Gutters, Sliding Doors
Foundation DetailsStem Wall
Lot FeaturesNear Golf Course, Near Marina
Lot Size Acres0.32
Lot Size Area14,070 sqft
Private PoolYes
Road Frontage TypeStreet Paved
Road Surface TypePaved, Asphalt
Water SourcePublic
Waterfront Y/NYes

Additional Details

Price History

Schools 

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

  

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$875,000

3 Beds 3 Baths 1,936 SQFT 0.32 Acres
Type: Single Family

481 MAGELLAN DRIVE
SARASOTA, FL 34243

MLS#: A4710027
Cam Friedrich
Cam Friedrich
The Real Estate Advantage
Phone: 507.272.5507
Office: 952.898.5800