Price Reduced 0.77%

$3,369,000 ($725.30 per sqft)

Est. Mortgage $16,595/mo *

Quick Pre-Approval

Price History

$3,395,000
12/12/2025

$3,369,000
3/4/2026


345 MADISON DRIVE, Sarasota, FL, 34236

345 MADISON DRIVE, Sarasota, FL, 34236

4 rooms

4 beds

3 Full / 1 Half baths

2014

Key West, Mid-Century Modern

4,645 sqft

Seller Financing Available! Experience refined coastal luxury in the heart of St. Armands Circle, Sarasota’s premier destination for upscale living, shopping, and dining. This exceptional opportunity offers a fully turnkey, furnished coastal residence located directly on St. Armands Circle and just a short stroll to the white sands of Lido Beach. With estimated rental potential of approximately $1,100 per night or $33,000 per month, this property provides outstanding flexibility for both personal enjoyment and income generation. Spanning more than 4,600 square feet, this 4-bedroom, 3.5-bath residence delivers exceptional value for a fully updated property in this highly sought-after island community, priced at approximately $725 per square foot—a compelling opportunity compared to many nearby homes that still require renovation. Extensively renovated, the home features impact-rated windows and doors, a new roof with skylights, updated HVAC systems, and new flooring throughout, creating a seamless move-in-ready experience. The chef’s kitchen showcases premium Wolf, Sub-Zero, and Bosch appliances, complemented by quartz countertops and custom cabinetry. The thoughtfully redesigned first level features expansive porcelain tile flooring, spacious living and guest areas, and a beautifully updated guest bathroom with a floating vanity and spa-inspired shower. Outdoors, a fully renovated pool with travertine decking and lush landscaping creates a private tropical retreat. Recent upgrades throughout the home reflect meticulous attention to detail, including remodeled bathrooms, upgraded lighting and ceiling fans, modern fencing, copper gutters, a striking front entry, and a custom privacy wall featuring ceramic artwork by a celebrated Florida artist. Just steps from the beach and moments from world-class dining and shopping, this is a rare opportunity to own a fully modernized, income-producing coastal residence in one of Sarasota’s most iconic locations. Welcome to elevated island living at 345 Madison Drive.


Status:

Active

Type:

Single-family residential

Furnished Remarks:

Turnkey

Laundry Remarks:

Inside, Laundry Room

Subdivision:

SAINT ARMANDS DIV JOHN RINGLING ESTATES

Garage:

3-car Driveway, Garage Door Opener, Garage Faces Side, Golf Cart Parking, Guest, Open, Oversized, Tandem

Heating:

Central, Electric, Natural Gas, Zoned

Cooling:

Central Air, Mini-Split Unit(s), Zoned

Levels:

2

Acreage:

0.26

Est. Taxes:

$44,372

Construction

Block, Stucco

Utilities

BB/HS Internet Available, Cable Connected, Electricity Connected, Natural Gas Connected, Public, Sewer Connected, Street Lights, Water Connected

Lot Description:

Corner Lot, City Lot, Near Golf Course, Near Marina

View Description:

City

Elementary School:

Southside Elementary

Middle School:

Booker Middle

Days on Market:

82

Pet Policy:

Yes

Appliances:

Built-In Oven, Convection Oven, Dishwasher, Disposal, Dryer, Freezer, Gas Water Heater, Microwave, Range, Range Hood, Refrigerator, Tankless Water Heater, Touchless Faucet, Washer, Wine Refrigerator

Pool:

Gunite, Heated, In Ground, Lighting

Min Lease Term:

1-7 Days

MLS #:

A4675129


Community Info

School Info

Walk Score

Yelp


Listing courtesy of Compass Florida LLC 941-279-3630