$699,000
311 Magellan Drive
Sarasota, FL 34243
Listing updated: June 22, 2026 at 3:16 PM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Garage space
Flood zone
About this home
WATERFRONT POOL HOME ON BOWLEES CREEK – NOT IN A FLOOD ZONE – PRICED FOR IMMEDIATE SALE! Rarely does an opportunity like this come available in such a desirable location. Nestled along picturesque Bowlees Creek and adjacent to Sara Bay Country Club, this 2 bedroom, 2 bathroom waterfront pool home offers over 2,700 sqft of living space and the perfect chance for buyers seeking waterfront living, a private pool, and boating access at a price that leaves room for future improvements and personal touches. From the moment you arrive, the home welcomes you with a spacious circular driveway, mature tropical landscaping, and a private courtyard style entrance that creates a unique sense of character and privacy. The bright exterior and Mid Century design elements provide great curb appeal while setting the stage for a property that is both inviting and full of potential. Inside, the home offers a spacious layout with multiple living and gathering areas. The main living room features vaulted wood plank ceilings, large windows, and sliding glass doors that bring in natural light and connect seamlessly to the outdoor living spaces. The updated kitchen is one of the highlights of the home and has already undergone a stylish renovation with contemporary cabinetry, solid surface countertops, stainless steel appliances, double wall ovens, a gas cooktop, abundant storage, and generous workspace for cooking and entertaining. Beyond the main living areas, additional flexible space provides endless possibilities for a family room, game room, office, hobby room, or guest retreat. Large windows and sliding doors throughout the home help blur the line between indoor and outdoor living while showcasing views of the pool and waterfront setting. The primary suite offers direct access to outdoor living areas and features ample closet space along with an ensuite bath. The guest bedroom is generously sized and positioned near the second full bathroom. While the kitchen has been updated, many of the flooring surfaces and bathrooms remain largely original, providing an excellent opportunity for a new owner to renovate and build additional equity while customizing the home to their own taste and style. Outdoor living is where this property truly shines. A large screened pool enclosure surrounds the sparkling pool and expansive deck areas, creating a private retreat for year round enjoyment. Multiple covered and screened outdoor spaces provide room for dining, entertaining, relaxing, or simply enjoying the peaceful waterfront setting. The backyard offers direct frontage on Bowlees Creek with a seawall, dock, and covered boat lift already in place. Launch your boat, kayak, or paddleboard right from your backyard and enjoy easy access to the surrounding waterways. The creek setting provides a tranquil backdrop with mature trees and natural scenery while still being conveniently located near shopping, dining, beaches, downtown Sarasota, SRQ Airport, and all that the area has to offer. Whether you are searching for a primary residence, seasonal retreat, investment opportunity, or waterfront property to update and make your own, this home presents exceptional value. With an updated kitchen, waterfront location, pool, boat lift, desirable setting next to Sara Bay Country Club, and pricing below current market value for a quick sale, this is an opportunity that savvy buyers will not want to miss. Bring your vision and unlock the full potential of this waterfront gem.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history0 days on market
- Status: ActiveJun 22, 2026
- Listed$699,000Jun 22, 2026
- Price increased$699,000
Facts & features
- Property type
- Residential
- Sub type
- Single Family Residence
- Status
- Active
- Days on market
- 0
- Subdivision
- Magellan Park
- County
- Manatee
- Year built
- 1961
- Living area
- 2,702 sq ft
- Price/sq ft
- $259
- Building area
- 3,255 sq ft (Public Records)
- Lot size
- 13,199 sq ft
- Lot category
- 1/4 to less than 1/2
- Flood zone
- X500 (12081C0312F)
- Garage
- 1 spaces
- Pool
- Private pool
- Annual taxes
- $4,437 (2025)
- Parcel #
- 6727400001
- Zoning
- RSF3/HA/
- MLS #
- A4696859
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Interior Details
- Bedrooms
- 2
- Full bathrooms
- 2
- Half bathrooms
- 1
- Flooring
- Laminate, Terrazzo, Tile
- Appliances
- Dishwasher, Disposal, Microwave, Range, Refrigerator
- Interior features
- Ceiling Fans(s), Primary Bedroom Main Floor, Solid Surface Counters, Thermostat
- Laundry
- Inside, Laundry Closet
- Stories / Levels
- One
- Direction faces
- South
- Fireplace
- Yes
Heating & Cooling
- Heating
- Central, Electric
- Cooling
- Central Air
Parking
- Garage spaces
- 1
- Attached garage
- Yes
- Parking features
- Circular Driveway
HOA & Financial
- HOA fee
- $25
- Total monthly fees
- $2/mo
- Total annual fees
- $25
- CDD
- No
- Homestead exemption
- Yes
- Min lease term
- No Minimum
- Listing terms
- Cash, Conventional, VA Loan
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- No
Exterior & Construction
- Exterior features
- French Doors, Sliding Doors
- Construction materials
- Frame
- Roof
- Shingle
- Foundation
- Slab
- Pool
- Private pool
- Waterfront
- Yes
- Water access
- Yes
- Water view
- Yes
- Road surface
- Asphalt, Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected
Community
- Pets allowed
- Yes
Schools
Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Primary Bedroom | First | |
| Primary Bathroom | First | |
| Kitchen | First | |
| Living Room | First | |
| Balcony/Porch/Lanai | First |
Listing Details
- Listing date
- 2026-06-22
- On market date
- 2026-06-22
- Original list price
- $699,000
- Occupant type
- Owner
- MLS area
- 34243 - Sarasota
- Listing AOR
- Sarasota - Manatee
- Status changed
- 2026-06-22
- Tax legal description
- LOT 3, MAGELLAN PARK, UNIT 1, TOGETHER WITH THAT PART OF LOT 4 OF SD MEGELLAN PARK DESC AS FOLLOWS: BEG AT THE SW COR OF SD LOT 4; TH NLY ALG THE W LN OF SD LOT 4 AND ANY NECESSARY EXTENSION THEREOF, 166.30 FT TO ITS INTERSECTION WITH A CON BLOCK SEA WALL; TH SELY ALG SD SEAWALL 3.75 FT; TH SLY ON A LN LYING 1 INCH E OF A CHAIN LINK FENCE AND ANY NECESSARY
Flood risk
Moderate-risk area (0.2% annual-chance / “500-year” floodplain). Flood insurance is recommended but usually not required.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
From US-41 (Tamiami Trail), head west on Whitfield Avenue. Turn right onto Magellan Drive and continue south. Follow Magellan Drive to 311 Magellan Dr., Sarasota, FL 34243, which will be on the left.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of June 22, 2026 at 3:16 PM ET. 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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