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$749,000

Beds
3
Baths
2.0
sq ft
1,560

405 Magellan Dr, Sarasota, FL 34243

405 Magellan Dr

SARASOTA, FL 34243

  • <1 day on market
Exquisite Modern Living in the Heart of Sarasota Welcome to 405 Magellan Drive, a meticulously updated 3-bedroom, 2-bathroom sanctuary nestled in the serene community of Whitfield Estates in Sarasota, Florida. This spectacular residence, originally built in 1978, has been completely renovated, and seamlessly blends classic charm with contemporary upgrades, offering a lifestyle of unparalleled comfort and elegance. Key Features: Exterior Enhancements: The home boasts brand-new stucco complemented by a paver driveway installed just two years ago. A travertine pool deck invites relaxation, surrounded by over $50,000 in lush, professional landscaping. A new wood privacy fence and a modern irrigation system, both front and back, ensure privacy and ease of maintenance. Interior Upgrades: Step inside to discover luxury vinyl plank flooring that extends throughout the home, illuminated by new LED lighting. The state-of-the-art kitchen features high-end appliances and Cambria quartz countertops, all installed within the last two years, along with new kitchen cabinets that offer ample storage and style. Energy Efficiency: With a metal roof that's only 11 years old, a new on-demand water heater, and a new HVAC system, this home is designed for energy efficiency. Open cell foam attic insulation and new gutters further enhance the home's sustainability. Pool and Outdoor Living: The pool area is a private oasis, featuring a new impact-rated triple slider for easy access. Recent updates include a new pool pump, heater, electric filter, and lighting, all installed within the last 1.5 years. A well for irrigation, added two years ago, ensures the landscaping remains vibrant year-round. Additional Amenities: The property includes a new impact-rated garage door with a modern opener and newly installed gas service, enhancing both convenience and safety. Location Highlights: Situated in the desirable Whitfield Estates neighborhood, this home offers proximity to Sarasota's cultural attractions, pristine beaches, and excellent  golf opportunities.  The home is adjacent to the renowned SaraBay Golf and Country club where you can enjoy a culinary membership for only $35 per year as a Whitfield resident, or you can take over a monthly lease for a covered boat slip to house your boat, all within walking distance.  This location clearly wins for enjoying the Florida lifestyle!! Enjoy easy access to shopping, dining, and recreational facilities, all while residing in a tranquil, well-established community. Experience the perfect blend of luxury, comfort, and modern living at 405 Magellan Drive. This exceptional property is ready to welcome you home, and additionally, has not sustained any flooding or hurricane damage.

Details

Property type

Single Family Residence

Est. home value

$485,125

Lot size

0.27 acres

Price per sq ft

$481

Year built

1978

Annual property taxes

$5,617.11

HOA

No

Price History

02/21/2025
StellarMLS

StellarMLS #A4641588

Listed
$749,000
+56.04%
10/28/2022
StellarMLS

StellarMLS #A4542039

Sold
$480,000
+55.34%
06/21/2019
StellarMLS

StellarMLS #A4432294

Sold
$309,000
+8.42%

Schools & Community

Neighborhood: 

Whitfield

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$269,727
Asking price
$749,000
Closing costs (~8% of asking)
-$59,920
Est. remaining loan balance
-$419,353
Cash to seller
$269,727

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

North American Savings Bank Fsb

Loan start date

October 2022

Original loan amount

$432,000

Est. remaining balance

$419,353

Interest rate

5.89%

Loan type

New Conventional, 30 year

Seller

Daniel Myers

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 02/22/2025 at 3:30 AM

Listing updated: 02/21/2025 at 12:57 PM

Listed by: Robert Halbman, EXIT KING REALTY Phone #: (941) 497-6060

MLS: StellarMLS #A4641588

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