481 Magellan Drive Sarasota, FL 34243
Listing Courtesy of: MLS LogoSTELLAR as distributed by MLS GRID / Listed By: Exit King Realty - Contact:  941-497-6060

  481 Magellan Drive Sarasota, FL 34243

Pending (17 Days)
$875,000 (USD)
3
BED
3
BATH
1,936
SQFT

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.

MLS #:
A4710027
Taxes
$3,670(2025)
Lot Size
0.32 acres
Type
Single-Family Home
Year Built
1968
Views
Water
County
Manatee County

Listed By

Robert Halbman, Exit King Realty, Contact: 941-497-6060
Source
STELLAR
Last checked Nov 8 2026 at 2:41 AM GMT+0000
Bathroom Details
  • Full Bathrooms: 3
Interior Features
  • Unfurnished
  • Stone Counters
  • Kitchen/Family Room Combo
  • Walk-In Closet(s)
  • Appliances: Dishwasher
  • Appliances: Refrigerator
  • Appliances: Washer
  • Ceiling Fans(s)
  • Open Floorplan
  • Appliances: Disposal
  • Appliances: Microwave
  • Appliances: Dryer
  • Appliances: Gas Water Heater
  • Appliances: Tankless Water Heater
  • Appliances: Cooktop
  • Thermostat
  • Eat-In Kitchen
  • Primary Bedroom Main Floor
  • Appliances: Electric Cooktop
Subdivision
  • Sarabay Harbour Unit One
Lot Information
  • Near Golf Course
  • Near Marina
  • Paved
Property Features
  • Foundation: Stem Wall
Heating and Cooling
  • Central
  • Electric
  • Central Air
Pool Information
  • In Ground
  • Fiberglass
  • Deck
Homeowners Association Information
  • Dues: $35/Annually
Flooring
  • Terrazzo
  • Tile
Exterior Features
  • Block
  • Roof: Shingle
Utility Information
  • Utilities: Sprinkler Recycled, Cable Connected, Water Connected, Water Source: Public, Electricity Connected, Sewer Connected, Natural Gas Connected
  • Sewer: Public Sewer
Stories
  • 1
Living Area
  • 1,936 sqft
Additional Information: Exit King Realty | 941-497-6060
Location
   
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Disclaimer: Listings Courtesy of “My Florida Regional MLS DBA Stellar MLS © 2026. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any other purpose other than to identify properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. Last Updated: 11/7/26 18:41
Based on information submitted to the MLS GRID as of 11/8/2026 02:41. 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.