245 MAGELLAN, SARASOTA, FL 34243

$1,497,000

Beds: 4

Baths: 3 Full / 1 Half

Sq. Ft.: 2,818 Sq. Ft.

Year Built: 1957

Lot Size: 0.47 Acres

Garage: 1

Pool: Yes

DOM: 63

Property Overview

Status: Closed

Property Type: Residential

MLS #: a5956c06acd3e3c3da42198f003d3154

Subdivision: WHITFIELD ESTATES ON SARASOTA BAY BLKS

County: Manatee

HOA Fee: N/A

Year Built: 1957

Construction: Block, Stucco

Foundation: Slab

Roof: Metal

Cooling: Central Air

Heating: Central

Sewer: Aerobic Septic

Water Source: Well

Zoning: RSF3/WR/

Tax Amount: $12,168.51 (2023)

Date Sold: Aug 20, 2024

Sold Price: $1,420,000

Listed On: May 20, 2024

Description

Have you ever dreamt of owning a house on a private island? Well, "Blue Island" is where your dream becomes REALITY!! This is a very unique opportunity to purchase one of the best waterfront properties in the area. This home sets on the end of peninsula with water on 3 sides. If the water is what you crave then this property will make you feel connected to it with water views from every room. The home is part of the Whitfield Estates neighborhood which provides some deed restrictions, and a Culinary membership to the Donald Ross designed historic Sara Bay Country club and golf. The location provides easy access to Downtown Sarasota, Downtown Bradenton and all of our world famous beaches, deep water boating with 2 full service marinas, a gas dock, and a Tiki bar all within a 1/4 mile. Boaters will love the location with quick easy access the the Bay and Gulf of Mexico. The home has been completely remodeled and offers 3 bedrooms, 2 1/2 baths, plus a 1 bedroom and 1 bath guest house, open kitchen with incredible water and sunset views, large laundry room, 3 car carport, garage/ workshop with sliding barn doors to access your covered boat house, 450 foot of new seawall, new 10,000 lb direct drive boat lift, 20' x 40' lap pool with huge paver deck, large paver driveway for multiple vehicles, fishing/ lounging dock, almost half an acre of land, all while being only minutes to Sarasota Airport. This property was originally built for the developer of the neighborhood, as it is the absolute best lot. The property was held in the same family for generations until recently, when this property was restored to better than new, with all new Seawall, resurfaced pool, new HVAC, New Metal roof, new hurricane sliding patio doors, new motorized patio roof, new 10,000lb boat lift, new septic system, new whole house water purifier, the list goes on and on. "Blue Island" is ready for the next family to make their memories. It is truly such an incredible property. If you love the water and want to be close to everything Sarasota has to offer this is the home for you. Bring your boat, bring your kayaks and paddle boards and start living the Waterfront lifestyle. Zoning allows for short term rentals with no restrictions if you are interested in offsetting costs.

Exterior Features

Irrigation System, Private Mailbox, Rain Gutters, Sliding Doors, Storage

Directions

From SRQ airport head West on University. Turn right to head North on US 41. Turn right onto Magellan, watch for private drive on the left side. Turn left into private drive and follow to the very end.

School Information

Elementary: Florine J. Abel Elementary

Middle: N/A

High: N/A

Location

Get Directions View on Google Maps

Mortgage Estimator

*Estimate includes Principal & Interest (P&I) only. It does not include taxes, insurance, HOA fees, or PMI. Rates and payments may vary. Consult a lender for accurate figures.

Listing Information

Provided Courtesy of:

EXIT KING REALTY

Listing Agent: Robert Halbman

Information is deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data last updated: July 29, 2025, 10:53 am UTC

MLS Source: Stellar MLS Copyright © 2025

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