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Matthew Faul
Commercial & Residential Real Estate
(941) 345-3255
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$875,000

481 Magellan Drive Sarasota, FL 34243 • Residential - Single Family • Active

  • 481 Magellan Drive , Sarasota, FL 34243 Main Photo

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Description

# 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 spaInside, 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.

Property Highlights

Property Type: Residential - Single Family
Cooling: Central Air
Garage: 2 car attached
Heating: Central, Electric
Lot Size: 0.32 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $3,670
Year Built: 1968

General Information

Bedrooms: 3
Bathrooms: 3 Full
Sqft: 1,936
County: Manatee
Subdivision: SARABAY HARBOUR
Listed By:
Robert Halbman EXIT KING REALTY 941-497-6060

Amenities

Ceiling Fans(s)
Eat-in Kitchen
Kitchen/Family Room Combo
Open Floorplan
Primary Bedroom Main Floor
Stone Counters
Thermostat
Walk-In Closet(s)
Lighting
Private Entrance
Private Mailbox
Private Yard
Rain Gutters

Property Features

Appliances: Cooktop, Dishwasher, Disposal, Dryer, Electric Cooktop, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater, Washer
Body of Water: BOWLEES CREEK
Days on Site: 1
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.
Exterior: Block
Flood Zone Code: X500*
Flooring: Terrazzo, Tile
Foundation: Stem Wall
Frontage Canal Brackish: 100
HOA Fee: 35/ Annually
HOA Y/N: Yes
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, FHA, VA Loan
Lot: Near Golf Course, Near Marina, Paved
Lot Dimensions: 0.32
Other Equipment: Irrigation Equipment, Private Entrance, Private Yard
Ownership: Fee Simple
Pets Allowed: Cats OK, Dogs OK
Pool: In Ground, Deck, Fiberglass
Property Attached Y/N: No
Property Sub-Type: Single Family Residence
Sewer: Public Sewer
Showing Instructions: Listing Agent Must Accompany
Spa: Heated, Swim Spa
Special Sale Provisions: None
Special View Info: Water
Swimming Pool: Yes
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Sprinkler Recycled, Water Connected
Water: Public
Water Access: Brackish Water, Canal - Brackish, Canal - Freshwater, Canal - Saltwater, Creek, Gulf/Ocean, Intracoastal Waterway, Marina, River
Water Access Y/N: Yes
Waterfront Features: Canal - Brackish, Bridges - Fixed, Deck, Lift, Minimum Wake Zone
Water View: Canal
Zoning: RSF3/WR/
$875,000
3beds
3.0baths
1,936sqft
2cars
New to the Market Active
BEDS3 BATHS3 full SQUARE FEET1,936 MLS#A4710027
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONSARABAY HARBOUR

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481 Magellan Drive , Sarasota, FL 34243.

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Estimated Payment

$ 3,512.27 per month $2,951.23 Principal & Interest $305.83 Property Tax $255.21 Homeowner's Insurance

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About this area

Florida/Sarasota
Sarasota

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About Sarasota

Sarasota, FL is a cultural gem. Once home to the Ringling Brothers Circus, Sarasota boasts a rich arts scene that brings people from all over the area to enjoy world-class theater, music, and other performing arts. Sarasota is also a haven with spectacular scenery, turquoise water and white sandy beaches. It offers a delightful downtown with a variety of small boutiques and exceptional restaurants. With its dynamic culture and arts scene and incredible natural beauty, Sarasota is a wonderful place to call “home.” 

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. Information on this site was last updated 10/22/2026. The listing information on this page last changed on 10/22/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 10/22/2026 12:28:04 AM EST) or Stellar MLS (last updated Thu 10/22/2026 12:09:55 AM EST). Real estate listings held by brokerage firms other than Wagner Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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