481 Magellan Dr Sarasota, FL 34243
481 Magellan Dr Sarasota, FL 34243 | MLS A4710027 Photo 1
481 Magellan Dr Sarasota, FL 34243 | MLS A4710027 Photo 2
481 Magellan Dr Sarasota, FL 34243 | MLS A4710027 Photo 3
481 Magellan Dr Sarasota, FL 34243 | MLS A4710027 Photo 4
481 Magellan Dr Sarasota, FL 34243 | MLS A4710027 Photo 5
For more information on this listing, contact us at: (352) 871-7333
Active
$875,000

481 Magellan Dr Sarasota, FL 34243

Single Family Home Property Type
3 Beds
3 Baths
1,936 Sq. Ft.
1968 Year Built
Manatee County
View All Property Details
# 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.
MLS # A4710027
Monthly HOA $3
On Site 2 Days
Last Updated 10/21/2026

Open House Schedule

Saturday, October 24, 2026 | 10:00 AM - 12:00 PM

Location

Contact Agent

Angela Stewart

Angela Stewart

(352) 871-7333

Property Details

Community Information

Address 481 Magellan Dr, Sarasota, FL 34243
County Manatee
City Sarasota
Body of Water Bowlees Creek
Zip Code 34243

Architecture

Bedrooms 3
Bathrooms 3
Year Built 1968
Stories 1
Construction Materials Block
Dock Y/N Yes
Dock Description Dock - Composite, Dock w/Electric, Dock w/Water Supply, Lift
Dock Lift Capacity 10000
Dock Dimensions 240 square foot
Flooring Types Terrazzo, Tile
Roof Shingle
Foundation Stem Wall
Garage Spaces 2

Features / Amenities

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)
Appliances Cooktop, Dishwasher, Disposal, Dryer, Electric Cooktop, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater, Washer
Equipment Irrigation Equipment, Private Entrance, Private Yard
Flooring Terrazzo, Tile
Laundry Inside, Laundry Room
Spa Heated, Swim Spa
Furnished Unfurnished
Exterior Features Lighting, Private Entrance, Private Mailbox, Private Yard, Rain Gutters
Pool In Ground, Deck, Fiberglass
Spa Heated, Swim Spa
Garage Spaces 2
Carport Spaces 0
Cooling Central Air
Heating Central, Electric
Air Conditioning Central Air

Property Features

Lot Size 14,070 Sq. Ft. / 0.32 Acres
Lot Features Near Golf Course, Near Marina, Paved
Waterfront Canal - Brackish
View Water
Water Access Brackish Water, Canal - Brackish, Canal - Freshwater, Canal - Saltwater, Creek, Gulf/Ocean, Intracoastal Waterway, Marina, River
Water View Canal
Waterfront Feet 100
Water Name Bowlees Creek
Lot # 8
Water Extras Bridges - Fixed, Deck, Lift, Minimum Wake Zone
Flood Zone X500*
Utilities Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Sprinkler Recycled, Water Connected
Sewer Public Sewer
Water Public
Road Surface Asphalt
Zoning RSF3/WR/
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.
Pets Allowed Cats OK, Dogs OK

Tax and Financial Info

Tax Year 2025
Tax Annual Amount $3,670.17
Ownership Fee Simple
Financing Available Cash, Conventional, FHA, VA Loan
Financing Available Cash, Conventional, FHA, VA Loan
Homestead No
Total Annual Fees $35
Average Monthly Fees $2.92
Realtor Info Short Term Rental Allowed
Minimum Lease No Minimum
Association Fee $35 (paid Annually)
HOA Payment Schedule Annually
HOA / Community Association Optional

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481 Magellan Dr Sarasota, FL 34243 | MLS A4710027
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Listing provided courtesy of Exit King Realty (941-497-6060).
© 2026 My Florida Regional MLS DBA Stellar MLS. All rights reserved.
The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of My Florida Regional MLS DBA Stellar MLS. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Stellar MLS data last updated at October 22, 2026 2:00 AM EST.