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481 MAGELLAN DRIVE

House For Sale
$875,000

BTC: 10.87226640

ETH: 359.78618421

1 days
Waterfront
3 bds
3 ba
1,936 sqft

Overview

# 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.

Location

Details

Type:
Residential
Parking:
No Data
Year Built:
1968
Lot:
0.32 Acres
Heating:
Central / Electric
Price/sqft:
$452
Cooling:
Central Air
HOA:
$35

Valuation

Our model vs. what's actually selling nearby.
Estimate
$662,450
$435K – $1.5M
Confidence Low
List vs. estimate
$212K above estimate
List $875,000 · +32.1%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$451
+41.1% vs. city median $320
Based on
36 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$3,670
2025
HOA
$35/yr
Pool
In Ground
View
Water
Waterfront
Canal - Brackish
Garage
2 car garage
Pets
Allowed
All facts and features
  • Flooring

    • Terrazzo

    • Tile

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    Appliances

    • Cooktop

    • Dishwasher

    • Disposal

    • Dryer

    • Electric Cooktop

    • Gas Water Heater

    • Microwave

    • Refrigerator

    • Tankless Water Heater

    • Washer

    Other 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)

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Full bathrooms: 3

  • Property

    • Levels: One

    • Pool Private: Yes

    • Exterior Features: Irrigation System / Lighting / Private Entrance / Private Mailbox / Private Yard / Rain Gutters / Sliding Doors

    Lot

    • Lot: 0.32 Acres

    Other Property Information

    • Parcel Number: 6547100005

    • Zoning: RSF3/WR/

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Cable Connected

    • Electricity Connected

    • Natural Gas Connected

    • Sewer Connected

    • Sprinkler Recycled

    • Water Connected

  • Other financial information

    • HOA: $35

    • HOA Frequency: Annually

    • Annual tax amount: $3,670

  • Source details

    • MLS ID: A4710027

    Other facts

    • Construction Materials: Block

    • Foundation Details: Stem Wall

    • Laundry Features: Inside / Laundry Room

    • Lot Features: Near Golf Course / Near Marina

    • Pool Features: In Ground / Deck / Fiberglass

    • Direction Faces: East

    • Waterfront: Yes

    • Water Body Name: BOWLEES CREEK

    • Garage Spaces: 2

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 1936

    • Water Source: Public

    • Subdivision Name: SARABAY HARBOUR UNIT ONE

Private inquiry
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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: EXIT KING REALTY