by Global Lifestyle Properties

See Home Value
$650,000
● House - Off Market

311 MAGELLAN DRIVE

SARASOTA, FL 34243
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,702 Ft²
$3,806
Est. Monthly
$3
HOA / Fees

About This Property

WATERFRONT POOL HOME ON BOWLEES CREEK – NOT IN A FLOOD ZONE – PRICED FOR IMMEDIATE SALE! Rarely does an opportunity like this come available in such a desirable location. Nestled along picturesque Bowlees Creek and adjacent to Sara Bay Country Club, this 2 bedroom, 2 bathroom waterfront pool home offers over 2,700 sqft of living space and the perfect chance for buyers seeking waterfront living, a private pool, and boating access at a price that leaves room for future improvements and personal touches. From the moment you arrive, the home welcomes you with a spacious circular driveway, mature tropical landscaping, and a private courtyard style entrance that creates a unique sense of character and privacy. The bright exterior and Mid Century design elements provide great curb appeal while setting the stage for a property that is both inviting and full of potential. Inside, the home offers a spacious layout with multiple living and gathering areas. The main living room features vaulted wood plank ceilings, large windows, and sliding glass doors that bring in natural light and connect seamlessly to the outdoor living spaces. The updated kitchen is one of the highlights of the home and has already undergone a stylish renovation with contemporary cabinetry, solid surface countertops, stainless steel appliances, double wall ovens, a gas cooktop, abundant storage, and generous workspace for cooking and entertaining. Beyond the main living areas, additional flexible space provides endless possibilities for a family room, game room, office, hobby room, or guest retreat. Large windows and sliding doors throughout the home help blur the line between indoor and outdoor living while showcasing views of the pool and waterfront setting. The primary suite offers direct access to outdoor living areas and features ample closet space along with an ensuite bath. The guest bedroom is generously sized and positioned near the second full bathroom. While the kitchen has been updated, many of the flooring surfaces and bathrooms remain largely original, providing an excellent opportunity for a new owner to renovate and build additional equity while customizing the home to their own taste and style. Outdoor living is where this property truly shines. A large screened pool enclosure surrounds the sparkling pool and expansive deck areas, creating a private retreat for year round enjoyment. Multiple covered and screened outdoor spaces provide room for dining, entertaining, relaxing, or simply enjoying the peaceful waterfront setting. The backyard offers direct frontage on Bowlees Creek with a seawall, DOCK, and covered BOAT LIFT already in place. Launch your boat, kayak, or paddleboard right from your backyard and enjoy easy access to the surrounding waterways. The creek setting provides a tranquil backdrop with mature trees and natural scenery while still being conveniently located near shopping, dining, beaches, downtown Sarasota, SRQ Airport, and all that the area has to offer. Whether you are searching for a primary residence, seasonal retreat, investment opportunity, or waterfront property to update and make your own, this home presents exceptional value. With an updated kitchen, waterfront location, pool, boat lift, desirable setting next to Sara Bay Country Club, and pricing below current market value for a quick sale, this is an opportunity that savvy buyers will not want to miss. Bring your vision and unlock the full potential of this waterfront gem.
Unit Size
2,702 Ft²
Days on Market
53 days
Land Size
0.30 acres
Price per sqft
$259
Property Type
House
Property Taxes
$370
HOA Dues
$3
Year Built
1961

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Last updated: 2 months ago (Stellar MLS #A4696859)

Price History

Date / Event Date Event Price
Aug 14, 2026 Sold
Sold
Jun 27, 2026 In contract -
In contract
Jun 22, 2026 Listed by RE/MAX ALLIANCE GROUP $699,000
Listed by RE/MAX ALLIANCE GROUP
Jan 21, 2003 Sold
Sold
Apr 1, 1996 Sold
Sold

Property Highlights

Garage
Air Conditioning
Fireplace
With View

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1992
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: 7
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 11
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 462
  • Garage Type: 1
  • Garage Square Area: 264
  • Parking Space Count: 1
  • Patio Type: 5
  • Porch Type: 111
  • Pool Type: 8
  • Location Influence Type: 75

    Dimensions

  • Lot Size Square Feet: 13,200
  • Lot Size Depth Feet: 1,650
  • Lot Size Frontage Feet: 800
  • Total Building Area: 3,255
  • Gross Building Area: 3,255
  • Building Area: 2,702
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,702
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAGELLAN PARK UNIT 1
  • Land Acres: 0000000303
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: LOT 3, MAGELLAN PARK, UNIT 1, TOGETHER WITH THAT PART OF LOT 4 OF SD MEGELLAN PARK DESC AS FOLLOWS: BEG AT THE SW COR OF SD LOT 4; TH NLY ALG THE W LN OF SD LOT 4 AND ANY NECESSARY

Neighborhood

  • School District Name: Manatee County School District
  • School Tax School District: MCPA&MCPS
  • Census Tract: 000901

Zoning

  • Zoning: RSF-3 RES

Geography

  • Assessors Map Reference: 40E
  • Subdivision Tract Number: 06727000
  • Parcel: 67274-0000-1
  • Lot: 3
  • Meridian: SEC 26 TWN 35S RNG 17E
  • Municipality: UNINCORPORATED
  • Latitude: 27.4168
  • Longitude: -82.5708

    Address

  • Full Address: 311 Magellan Dr
  • Legal Unit: 1
  • Address - House Number: 311
  • Address - Street Name: Magellan
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Sarasota
  • Carrier Code: C059
  • 4-Digit Zip Code: 1030
  • Zip Code: 34243

Valuation

    Tax

  • Total Area: 1,681
  • Tax Year: 2022
  • Tax Amount: $412,508
  • Tax Rate Code Area: 302

    Appraisal Valuation

  • Standard Deviation: 0.2
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 73
  • Final Value: 771,026
  • High Value: 925,280
  • Low Value: 616,772

    Market Valuation

  • Market Total Value: $597,647
  • Market Land Value: $153,000
  • Market Improvement Value: $444,647

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $305,089

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 16, 2003
  • Current Sale Recording Date: Jan 21, 2003
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Apr 01, 1996
  • Previous Sale Contract Date: Mar 29, 1996
  • Previous Sale Amount: $177,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Whitfield


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Frequently Asked Questions

When was property at 311 Magellan Drive built and last sold?
The property at 311 Magellan Drive was built in 1961 and last sold on Jan 16, 2003 for $296,500.
How much is this home worth?
The estimated value of the home located at 311 Magellan Drive is $721,504.
What are some comparable homes to 311 Magellan Drive?
There are currently no comparable homes to 311 Magellan Drive.