IDX

Listed by Robert Halbman · Courtesy of EXIT KING REALTY · Agent MLS ID# MFR281523278 · Deemed reliable but not guaranteed. · Listing updated: Oct 24, 2026 · 4:05 PM

481 MAGELLAN DR

Sarasota, Manatee, FL, 34243

Active

$875,000

$452/sqft

3Beds
3Baths
1,936Sq Ft
1968Built
4Days on Market

About this home

# 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.

Facts & Features

MFRA4710027
$875,000
Active
3
3
3
0
1,936 sqft
0.3200
1968
Residential
Single Family Residence
N/A

Community Information

481 MAGELLAN DR
Sarabay Harbour Unit One
Sarasota
Manatee
FL
34243
No

Amenities

N/A
N/A
No
Yes
Yes

Interior

Ceiling Fans(s), Open Floorplan, Walk-In Closet(s), Eat-in Kitchen, Kitchen/Family Room Combo, Stone Counters, Thermostat, Primary Bedroom Main Floor
Central, Electric
Central Air
Tile, Terrazzo
N/A
1
Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Tankless Water Heater, Gas Water Heater, Electric Cooktop

Exterior

Rain Gutters, Lighting, Private Mailbox, Private Yard, Private Entrance
Block
Stem Wall
Shingle
N/A
Paved, Near Golf Course, Near Marina

School Information

N/A
N/A
N/A

Additional Information

October 20, 2026
4
RSF3/WR/
East
No

Mortgage Calculator

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This calculator provides estimates for informational purposes only and is not a loan offer, pre-approval, or commitment to lend. Actual rates, payments, and loan terms vary by lender and are subject to credit approval, income/asset verification, and market conditions. Property tax and homeowners insurance shown are estimates and may differ. PMI applies when the down payment is under 20%. For an official Loan Estimate, contact a licensed mortgage lender. EXIT KING REALTY is a licensed real estate brokerage, not a mortgage lender. Equal Housing Opportunity.

4 days on market

Listing updated: Oct 24, 2026 · 4:05 PM

Listed by: Robert Halbman · 941-677-3948—EXIT KING REALTY · 941-497-6060

Updated from Real Estate Market Data

Location

Ahmed ElbatrawyAhmed ElbatrawyEmpire Network Realty

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