481 MAGELLAN DRIVE
SARASOTA, FL, 34243
$875,000
3 Beds
3 Baths
1,936 SqFt
0.32 Acres
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MLS #A4710027 image #0
Open House Oct 24, 2026
10:00 – 12:00
Open House Oct 25, 2026
01:00 – 04:00
# 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.

Property Details

Price:
$875,000
MLS #:
A4710027
Status:
Active
Beds:
3
Baths:
3
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
SARABAY HARBOUR UNIT ONE
Neighborhood:
34243sarasota
Listed Date:
Oct 20, 2026
Finished Sq Ft:
1,936
Total Sq Ft:
2,434
Lot Size:
14,070 sqft / 0.32 acres (approx)
Year Built:
1968
WaterfrontPoolPrimary Bedroom Main Floor34243 – Sarasota34243sarasotaSarabay Harbour Unit OneBowlees CreekWaterNo Community Restrictions. Property Is Zoned For Nightly Rentals If Desired.No Minimum

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Schools

Interior

Appliances
Cooktop, Dishwasher, Disposal, Dryer, Electric Cooktop, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater, Washer
Bathrooms
3 Full Bathrooms
Cooling
Central Air
Flooring
Terrazzo, Tile
Heating
Central, Electric
Interior Features
Ceiling Fan(s), Eating Space In Kitchen, Kitchen/Family Room Combo, Open Floorplan, Primary Bedroom Main Floor, Stone Counters, Thermostat, Walk-In Closet(s)
Laundry Features
Inside, Laundry Room
Levels
One

Exterior

Attached Garage YN
1
Construction Materials
Block
Covered Spaces
2
Direction Faces
East
Exterior Features
Irrigation System, Lighting, Private Entrance, Private Mailbox, Private Yard, Rain Gutters, Sliding Doors
Garage Spaces
2
Lot Features
Near Golf Course, Near Marina
Roof
Shingle
Spa Features
Heated, Swim Spa
View
Water
Waterfront Features
Canal – Brackish

Financial

HOA Fee
$35
HOA Fee Frequency
Annually
Tax Year
2025
Taxes
$3,670

Map

Community

Market Summary

Current real estate data for Single Family in SARASOTA as of Oct 21, 2026
1,796
Single Family Listed
118
Avg DOM
461
Avg $ / SqFt
$1,350,297
Avg List Price

Property Summary

    Located in the SARABAY HARBOUR UNIT ONE subdivision, 481 MAGELLAN DRIVE SARASOTA FL is a Single Family for sale in SARASOTA, FL, 34243. It is listed for $875,000 and features 3 beds, 3 baths, and has approximately 1,936 square feet of living space, and was originally constructed in 1968. The current price per square foot is $452. The average price per square foot for Single Family listings in SARASOTA is $461. The average listing price for Single Family in SARASOTA is $1,350,297. To schedule a showing of MLS#a4710027 at 481 MAGELLAN DRIVE in SARASOTA, FL, contact your InvestPro Properties, Inc. agent at 561-203-7022.

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481 MAGELLAN DRIVE
SARASOTA, FL