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$875,000
Monthly Est:$4,355
3 Beds
- 3 Baths
3 full baths
1,936sqft
481 Magellan Dr, Sarasota, FL 34243
$875,000
$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 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.
- 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

Property Details
Status
Active Under Contract
Type
Single Family Residence
No. of Stories
1
County
City
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
| Date | Event | Price |
|---|---|---|
10/25/2026 Source: | Contingent (Active Under Contract) | $875,000 $452/sqft |
10/20/2026 Source: | Listed for Sale | $875,000 +17757.14% $452/sqft |
12/16/2025 Source: | Listing Removed | $4,900 $3/sqft |
12/18/2024 Source: | Listed for Sale | $4,900 -16.24% $3/sqft |
12/18/2024 Source: | Price Decreased | $5,850 -0.85% $3/sqft |
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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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