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345 MADISON DRIVE

House For Sale
$3,369,000

BTC: 54.86970684

ETH: 1,929.55326460

-$26K (2026/03/04)
176 days
4 bds
3 ba
4,645 sqft

Overview

Seller Financing Available! Experience refined coastal luxury in the heart of St. Armands Circle, Sarasota’s premier destination for upscale living, shopping, and dining. This exceptional opportunity offers a fully turnkey, furnished coastal residence located directly on St. Armands Circle and just a short stroll to the white sands of Lido Beach. With estimated rental potential of approximately $1,100 per night or $33,000 per month, this property provides outstanding flexibility for both personal enjoyment and income generation. Spanning more than 4,600 square feet, this 4-bedroom, 3.5-bath residence delivers exceptional value for a fully updated property in this highly sought-after island community, priced at approximately $725 per square foot—a compelling opportunity compared to many nearby homes that still require renovation. Extensively renovated, the home features impact-rated windows and doors, a new roof with skylights, updated HVAC systems, and new flooring throughout, creating a seamless move-in-ready experience. The chef’s kitchen showcases premium Wolf, Sub-Zero, and Bosch appliances, complemented by quartz countertops and custom cabinetry. The thoughtfully redesigned first level features expansive porcelain tile flooring, spacious living and guest areas, and a beautifully updated guest bathroom with a floating vanity and spa-inspired shower. Outdoors, a fully renovated pool with travertine decking and lush landscaping creates a private tropical retreat. Recent upgrades throughout the home reflect meticulous attention to detail, including remodeled bathrooms, upgraded lighting and ceiling fans, modern fencing, copper gutters, a striking front entry, and a custom privacy wall featuring ceramic artwork by a celebrated Florida artist. Just steps from the beach and moments from world-class dining and shopping, this is a rare opportunity to own a fully modernized, income-producing coastal residence in one of Sarasota’s most iconic locations. Welcome to elevated island living at 345 Madison Drive.

Location

Details

Type:
Residential
Parking:
Driveway / Garage Door Opener / Garage Faces Side / Golf Cart Parking / Guest / Open / Oversized / Tandem
Year Built:
2014
Lot:
0.26 Acres
Heating:
Central / Electric / Natural Gas / Zoned
Price/sqft:
$725
Cooling:
Central Air / Mini-Split Unit(s) / Zoned
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$2,650,000
$2.0M – $4.8M
Confidence Low
List vs. estimate
$719K above estimate
List $3,369,000 · +27.1%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$725
+120.3% vs. city median $329
Based on
13 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$44,371
2024
Pool
Gunite
View
City
Garage
3 car garage
Furnished
Turnkey
Pets
Allowed
All facts and features
  • Flooring

    • Porcelain Tile

    • Hardwood

    Heating

    • Central

    • Electric

    • Natural Gas

    • Zoned

    Cooling

    • Central Air

    • Mini-Split Unit(s)

    • Zoned

    Appliances

    • Built-In Oven

    • Convection Oven

    • Dishwasher

    • Disposal

    • Dryer

    • Freezer

    • Gas Water Heater

    • Microwave

    • Range

    • Range Hood

    • Refrigerator

    • Tankless Water Heater

    • Touchless Faucet

    • Washer

    • Wine Refrigerator

    Other interior features

    • Built-in Features

    • Cathedral Ceiling(s)

    • Ceiling Fan(s)

    • Crown Molding

    • Dry Bar

    • Eating Space In Kitchen

    • High Ceilings

    • Kitchen/Family Room Combo

    • Living Room/Dining Room Combo

    • Open Floorplan

    • Skylight(s)

    • Solid Wood Cabinets

    • Split Bedroom

    • Stone Counters

    • Thermostat

    • Tray Ceiling(s)

    • Vaulted Ceiling(s)

    • Walk-In Closet(s)

    • Window Treatments

    Bedrooms and bathrooms

    • Bedrooms: 4

    • Bathrooms: 1

    • Full bathrooms: 3

  • Parking

    • Driveway

    • Garage Door Opener

    • Garage Faces Side

    • Golf Cart Parking

    • Guest

    • Open

    • Oversized

    • Tandem

    Property

    • Levels: Two

    • Pool Private: Yes

    • Exterior Features: Awning(s) / Balcony / French Doors / Irrigation System / Lighting / Rain Gutters / Sidewalk / Sliding Doors

    Lot

    • Lot: 0.26 Acres

    Other Property Information

    • Parcel Number: 2014050001

    • Zoning: RSF2

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • BB/HS Internet Available

    • Cable Connected

    • Electricity Connected

    • Natural Gas Connected

    • Public

    • Sewer Connected

    • Street Lights

    • Water Connected

  • Other financial information

    • Annual tax amount: $44,372

  • Source details

    • MLS ID: A4675129

    Other facts

    • Construction Materials: Block / Stucco

    • Foundation Details: Slab

    • Fireplace Features: Gas / Living Room

    • Laundry Features: Inside / Laundry Room

    • Lot Features: Corner Lot / City Lot / Near Golf Course / Near Marina

    • Patio And Porch Features: Covered / Deck / Enclosed / Front Porch / Patio / Rear Porch / Screened

    • Pool Features: Gunite / Heated / In Ground / Lighting

    • Window Features: Shades / Storm Window(s) / Window Treatments

    • Direction Faces: Southeast

    • Architectural Style: Key West / Mid-Century Modern

    • Fireplace: Yes

    • Garage Spaces: 3

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 4645

    • Water Source: Public

    • Subdivision Name: SAINT ARMANDS DIV JOHN RINGLING ESTATES

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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: COMPASS FLORIDA LLC