481 Magellan Dr
Sarasota, FL 34243
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
# 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.
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
(352) 871-7333Property Details
Community Information
Address
481 Magellan Dr, Sarasota, FL 34243
Area
34243 - Sarasota
County
Manatee
City
Sarasota
Body of Water
Bowlees Creek
Subdivision
Sarabay Harbour Unit One
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
Mortgage Calculator
Your monthly payment will be
$0,000
Loan and interest only.
Purchase price
Down payment
Schools
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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.
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.
