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507 MADISON COURT

Multi-family For Sale
$1,300,000

BTC: 16.70629056

ETH: 541.66666667

14 days
4 bds
1,670 sqft

Overview

Rare corner-lot duplex in Sarasota’s highly desirable Laurel Park Historic District, located approximately 0.5 miles from downtown Sarasota’s dining, shopping, arts, bayfront, and cultural attractions. Set beneath mature trees and surrounded by the timeless character of Laurel Park, this well-maintained property blends classic Old Florida charm with substantial recent improvements. Each residence offers 2 bedrooms, 1 bathroom, spacious living areas, a full kitchen, a dedicated laundry area, and its own private screened lanai overlooking fully fenced outdoor spaces that provide privacy and separation between the units. Recent improvements include a new roof installed in November 2024, new windows installed in September 2022, a full exterior repaint completed in January 2025, a remodeled bathroom, custom paver hardscaping, and refreshed landscaping. One residence also features a private putting green, a distinctive outdoor amenity rarely found near downtown Sarasota. Laurel Park is known for its historic character and convenient proximity to Burns Court, Payne Park, downtown Sarasota, and Sarasota Bay. Lido Key and Siesta Key beaches are also just a short drive away. Whether used as an owner-occupied residence with supplemental rental income, a long-term investment property, or a flexible downtown retreat, this duplex offers a variety of possibilities in one of Sarasota’s most charming and centrally located neighborhoods. An exceptional opportunity to own a versatile property offering character, privacy, recent improvements, and an outstanding downtown Sarasota location.

Location

Florida • SARASOTA • 34236 • Multi-family • For Sale

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1948
Lot:
0.17 Acres
Heating:
Central
Price/sqft:
$778
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$399,999
$375K – $849K
Confidence Low
List vs. estimate
$900K above estimate
List $1,300,000 · +225.0%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$778
+119.3% vs. city median $354
Based on
11 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$13,932
2025
All facts and features

  • Flooring

    • Tile

    Heating

    • Central

    Cooling

    • Central Air

    Other interior features

    • Ninguno

    Bedrooms and bathrooms

    • Bedrooms: 4

  • Property

    • Exterior Features: Fenced / Private Yard

    Lot

    • Lot: 0.17 Acres

    Other Property Information

    • Parcel Number: 2027090069

    • Zoning: RSM9

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Utility

    • Public

  • Other financial information

    • Annual tax amount: $13,932

  • Source details

    • MLS ID: A4701927

    Other facts

    • Construction Materials: Block / Concrete / Other / Stucco / Wood Frame

    • Foundation Details: Slab

    • Laundry Features: Other / Outside

    • Lot Features: Corner Lot

    • Living Area: 1670

    • Water Source: Public

    • Subdivision Name: OWEN BURNS

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
34236
380
median $1.8M
Active
Same city
SARASOTA
2,666
median $575K
Active
Same type
Multi-family
44
median $689K
Active
Similar price
$910K – $1.7M
350
median $1.2M
Active

The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: EXP REALTY LLC