481 Magellan Drive, FL
Stellar MLS
1 / 1

$875,000

481 Magellan DriveSarasota, FL 34243

Listing updated: October 20, 2026 at 7:57 PM ET

Active
Stellar MLSListing courtesy of Exit King Realty · Robert Halbman · MLS #A4710027 · Active · 941-497-6060
3
Beds
3
Baths
1,936
Sq Ft
0.32
Acres
1968
Built
◆Waterfront◆Water access◆Private pool◆In-law suite◆$452/sqft
Single Family Residence

Property type

1968

Year built

14,070 sqft

Lot size

$452

Price / sq ft

$3/mo

HOA dues

0

Days on market

2

Garage spaces

X500*

Flood zone

About this home

# 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.

Estimated monthly payment

Principal & interest$4,424
Property taxes$306
Home insurance (est.)$401
HOA dues$3

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

  1. Status: Active
    Oct 20, 2026
  2. Listed$875,000
    Oct 20, 2026

Property Documents

Documents the listing agent has made public for this property. Free to view and download.

Facts & features

Property type
Residential
Sub type
Single Family Residence
Status
Active
Days on market
0
Subdivision
Sarabay Harbour Unit One
County
Manatee
Year built
1968
Living area
1,936 sq ft
Price/sq ft
$452
Building area
2,434 sq ft (Public Records)
Lot size
14,070 sq ft
Lot category
1/4 to less than 1/2
Flood zone
X500* (12081C0312F)
Garage
2 spaces
Pool
Private pool
Annual taxes
$3,670 (2025)
Parcel #
6547100005
Zoning
RSF3/WR/
MLS #
A4710027

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Interior Details

Bedrooms
3
Full bathrooms
3
Flooring
Terrazzo, Tile
Appliances
Cooktop, Dishwasher, Disposal, Dryer, Electric Cooktop, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater, Washer
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)
Laundry
Inside, Laundry Room
Stories / Levels
One
Direction faces
East
In-law suite
Yes

Heating & Cooling

Heating
Central, Electric
Cooling
Central Air

Parking

Garage spaces
2
Attached garage
Yes

HOA & Financial

HOA fee
$35 / Annually
Monthly HOA
$3/mo
Total monthly fees
$3/mo
Total annual fees
$35
CDD
No
Min lease term
No Minimum
Listing terms
Cash, Conventional, FHA, VA Loan
Ownership
Fee Simple
Available for lease
Yes
Lease restrictions
No
Additional lease restrictions
No community restrictions. Property is zoned for nightly rentals if desired.

Exterior & Construction

Exterior features
Lighting, Private Entrance, Private Mailbox, Private Yard, Rain Gutters
Construction materials
Block
Roof
Shingle
Foundation
Stem Wall
Pool
Private pool
Waterfront
Yes
Water access
Yes
Water view
Yes
Road surface
Asphalt

Utilities

Sewer
Public Sewer
Water source
Public
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Sprinkler Recycled, Water Connected

Community

Pets allowed
Cats OK, Dogs OK

Room Details

RoomLevelDimensions
Kitchen
Living Room
Primary Bedroom

Listing Details

Listing date
2026-10-18
On market date
2026-10-20
Original list price
$875,000
Occupant type
Vacant
MLS area
34243 - Sarasota
Listing AOR
Venice
Status changed
2026-10-20
Tax legal description
LOT 8 SARABAY HARBOUR UNIT ONE PI#65471.0000/5

Flood risk

Moderate riskFEMA Zone X500*Panel 12081C0312F

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

For the bests experience arrive from Whitfield and drive on Willow, then merge right onto Magellan. Enjoy the various architecture and the water on the left and golf course on the right. Home will be on the left.

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MLS GRID

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 October 20, 2026 at 7:57 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.

All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.

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