Under Contract

$875,000

481 Magellan DrSarasota, FL 34243

  • 3 beds
  • 3 baths
  • 1,936 sqft
  • 0.32 acres
  • 17 days on market

About this home

Under contract-accepting backup offers. # 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.

Virtual tour

Facts

Property type
Single Family Residence
Year built
1968
Stories
1
Garage spaces
2
Lot size
0.32 acres
Pool
Yes
Waterfront
Yes
Water view
Canal
Subdivision
SARABAY HARBOUR UNIT ONE
Community
Sarabay Harbour
County
Manatee
HOA fee
$35 / annually
CDD
0
Annual taxes
$3,670 (2025)
Flood zone
X500*
Pets
Cats OK, Dogs OK
New construction
No
MLS #
A4710027

Features

Interior
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
Flooring
Terrazzo, Tile
Heating
Central, Electric
Cooling
Central Air
Exterior
Lighting, Private Entrance, Private Mailbox, Private Yard, Rain Gutters
Pool features
In Ground, Deck, Fiberglass
Construction
Block
Roof
Shingle
Lot
Near Golf Course, Near Marina, Paved
View
Water
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Sprinkler Recycled, Water Connected
Water
Public
Sewer
Public Sewer

Location

Stellar MLS Listing courtesy of EXIT KING REALTY. MLS # A4710027.

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Stellar MLS

Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for 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 is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2026, Stellar MLS. Last updated: 2026-11-04 1:00 PM EST.