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481 Magellan Dr, Sarasota, FL 34243
481 Magellan Dr, Sarasota, FL 34243
481 Magellan Dr, Sarasota, FL 34243
481 Magellan Dr, Sarasota, FL 34243
481 Magellan Dr, Sarasota, FL 34243
481 Magellan Dr, Sarasota, FL 34243
481 Magellan Dr, Sarasota, FL 34243

481 Magellan Dr Sarasota, FL 34243

$875,000

ACTIVE
Beds
3
Baths
3
Sqft
1,936
Acres
0.32
Year
1968
Days on Site
3 Hours
Property Type
Residential
Sub Type
Single Family Residence
Per Square Foot
$452
Date Listed
Oct 18, 2026

Description of 481 Magellan Dr, Sarasota, FL 34243

Listing details for 481 Magellan Dr, Sarasota, FL 34243 : # 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.
Listing Updated : 10-20-2026 at 2:20 PM EDT
Listing Provided By : Robert Halbman, 941-497-6060, EXIT KING REALTY
Source :

Stellar MLS as distributed by MLS GRID, MLS#: MFRA4710027

Open Houses

24
Sat, October
10:00 AM - 12:00 PM
25
Sun, October
1:00 PM - 4:00 PM
For more information on this listing contact us at (727) 533-5815

Property History

DateEventPrice
10/18/2026
Listed for sale
$875,000 +49900%
$452/sqft
Source:Stellar MLS #MFRA4710027
12/14/2015
Leased
$1,750 -1.4%
$1/sqft
Source:Stellar MLS #MFRA4137697
11/20/2015
Listed for Rent
$1,775 +26.8%
$1/sqft
Source:Stellar MLS #MFRA4137697
7/3/2013
Leased
$1,400 -11.1%
$1/sqft
Source:Stellar MLS #MFRM5837041
4/20/2013
Listed for Rent
$1,575
$1/sqft
Source:Stellar MLS #MFRM5837041
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Based on information submitted to the MLS GRID as of 2026-10-20. All data is obtained from various sources and may not have been verified by 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

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Listing data comes from My Florida Regional MLS DBA Stellar MLS.

For more information on this listing contact us at (727) 533-5815