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481 MAGELLAN DRIVE, SARASOTA, FL - photo 1

$875,000

481 MAGELLAN DRIVE

SARASOTA, FL 34243

Estimated payment $5,034/month

includes HOA $35/mo · estimated tax · estimated insurance · 20% down, 6.5%, 30 yr

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3Beds
3Baths
1,936Sq Ft
$452Price/Sq Ft

Preferred partner

Kinsfolk Realty

Kinsfolk Signature Realty

Powered by Hometrino

(813) 602-0498

Highlights

HOA $35/mo
Private Pool
Garage
Built in 1968
14,070 sqft Lot

About This Home

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.

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Facts & features

Bedrooms & bathrooms

  • •Bedrooms:3
  • •Bathrooms:3
  • •Full bathrooms:3
  • •Half bathrooms:0

Heating

  • •Has Heating:Yes

Interior area

  • •Total structure area:1,936 sqft
  • •Total interior livable area:1,936 sqft

Parking

  • •Parking features:N/A
  • •Garage spaces:0
  • •Has attached garage:No

Lot

  • •Size:14,070 sqft

Details

  • •Parcel number:N/A

Type & style

  • •Home type:Single Family Residence
  • •Property subtype:Residential

Materials

  • • N/A

Condition

  • •Year built:1968

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Price history

DateEventPrice
2026-10-20T00:00:00.000ZListed for sale$875,000$452/sqft

Listing Agent

Robert Halbman

EXIT KING REALTY

Brokerage Phone: 941-497-6060

Source: Stellar MLS · MLS #A4710027

Data Powered by Home Junction, Inc.

Nearby

Schools

BLANCHE H. DAUGHTREY ELEMENTARY

Elementary · 0.8 mi

ACCESS TO EDUCATION

Elementary · 0.8 mi

SCHOOL OF ACADEMIC AND BEHAVIORAL LEARNING EXCELLENCE (SABLE)

Elementary · 0.8 mi

Supermarkets

Kabayan Oriental Market

0.7 mi

El Mariachi Loco

1.1 mi

Publix

1.2 mi

Dining

Captain Brians Seafood

0.2 mi

Cafe 64

0.5 mi

Piccirillis Italian Restaurant

0.7 mi

Parks

Pride Community Park

0.8 mi

Whitfield Park

1.0 mi

Bayshore Park

1.5 mi

Beaches

Indian Beach

4.0 mi

SeaHorse Beach Resort

5.3 mi

Public Beach Access 2

10.1 mi

Nearby amenity locations include data © OpenStreetMap contributors.