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Single family home for sale at 481 Magellan Dr, Sarasota, FL 34243 | MLS# A4710027 | Listing updated on 2026-10-25
Photo 1 of Single family home for sale at 481 Magellan Dr, Sarasota, FL 34243 | MLS# A4710027 | Listing updated on 2026-10-25
Photo 2 of Single family home for sale at 481 Magellan Dr, Sarasota, FL 34243 | MLS# A4710027 | Listing updated on 2026-10-25
Photo 3 of Single family home for sale at 481 Magellan Dr, Sarasota, FL 34243 | MLS# A4710027 | Listing updated on 2026-10-25
Photo 4 of Single family home for sale at 481 Magellan Dr, Sarasota, FL 34243 | MLS# A4710027 | Listing updated on 2026-10-25
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$875,000

Monthly Est:$4,355

  • Beds Icon3 Beds
  • Beds Icon
    3 Baths
  • Beds Icon1,936sqft

481 Magellan Dr, Sarasota, FL 34243

$4,355/moEst:

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  • Single Family Residence

  • Built in 1968

  • $2.92/mo HOA

  • 14,070 sqft lot

  • $452/sq.ft

Description

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 o
ne 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.

  • Houzeo last checked: 8 minutes ago
  • Listing updated: October 25, 2026 at 10:36 pm
  • Listing Provided by: Robert Halbman (941) 677-3948 | EXIT KING REALTY (941) 497-6060
  • Source: Stellar MLS-FL as distributed by MLS GRID | MLS#: A4710027 Stellar MLS-FL as distributed by MLS GRID

Property Details

  • Status

    Active Under Contract

  • Type

    Single Family Residence

  • No. of Stories

    1

  • County

    Manatee County

  • City

    Sarasota

  • Neighborhood

    --

  • Year Built

    1968

  • HOA Fees

    $2.92/mo

  • Finished Area

    1,936 sqft

  • Lot Size

    14,070 sqft lot

  • Basement Area

    - sqft

  • MLS Name

    Stellar MLS

  • MLS Number

    A4710027

  • MLS Status

    Pending

  • Days on Market

    12

  • Cumulative Days on Market

    4

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Location

HOA Management

N/A

HOA Fees

$35/ Annually

Disclaimer: Amenities are based on third-party information and may vary; buyers must independently verify all amenities, as information is deemed reliable but not guaranteed.

Facts & Features

Rooms

  • Bedrooms & bathrooms

    Bedrooms: 3

    Bathrooms: 3

Interior

  • Exterior Features

    Lighting, Private Entrance, Private Mailbox, Private Yard, Rain Gutters

  • Flooring

    Terrazzo, Tile

  • Appliances

    Cooktop, Dishwasher, Disposal, Dryer, Electric Cooktop, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater, Washer

  • Heating

    Central, Electric

  • 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)

  • Cooling

    Central Air

  • Sewer

    Public Sewer

Construction

  • Year Built

    Year Built: 1968

  • Home type

    Single Family Residence

  • Construction Materials

    Block

  • Roof

    Shingle

  • Foundation Details

    Stem Wall

Utilities & Energy

  • Laundry Features

    Inside, Laundry Room

  • Water Source

    Public

  • Pool Features

    In Ground, Deck, Fiberglass

  • Utilities

    Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Sprinkler Recycled, Water Connected

Other Features

  • Lot Features

    Near Golf Course, Near Marina, Paved

  • Subdivision Name

    Sarabay Harbour Unit One

Price History

DateEventPrice

10/25/2026

Source: mls_logoStellar MLS-FL as distributed by MLS GRID #MFRA4710027

Contingent (Active Under Contract)

$875,000

$452/sqft

10/20/2026

Source: mls_logoStellar MLS-FL #MFRA4710027

Listed for Sale

$875,000 +17757.14%

$452/sqft

12/16/2025

Source: mls_logoStellar MLS-FL as distributed by MLS GRID #MFRTB8330613

Listing Removed

$4,900

$3/sqft

12/18/2024

Source: mls_logoStellar MLS-FL #MFRTB8330613

Listed for Sale

$4,900 -16.24%

$3/sqft

12/18/2024

Source: mls_logoStellar MLS-FL #MFRTB8330613

Price Decreased

$5,850 -0.85%

$3/sqft

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Nearby Homes

Based on information from Stellar MLS® through Nov 02, 2026, 01:00PM as submitted to and distributed by MLS GRID. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any, and as amended from time to time. © 2026 Stellar MLS. All Rights Reserved.

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