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Presented by
Benge Redding Team |
1320 MAGELLAN DRIVE, Sarasota, FL, 34243 | $407,500
Under contract-accepting backup offers. HUGE VALUE + ENDLESS POTENTIAL! Price just reduced to $407, 500 — exceptional value for this stunning SARASOTA POOL HOME!
If you’ve been waiting for the perfect moment, this is it. Large corner lot with NO HOA!
If you’ve been searching for a home with great bones, major updates already done, and the freedom to customize it to your style, THIS is the one you don’t want to miss. This spacious 3-bedroom, 2-bath pool home is move-in ready as-is — and also offers a fantastic opportunity to add your personal touches and build instant equity.
Big-Ticket Updates Already Completed: New Roof (2021), New Garage Door (2024), Fresh Exterior Paint (2025), Interior Paint (2020), Newer Refrigerator (2023), 30-Amp RV Hookup, Fully Fenced Yard
Inside, you’ll love the oversized living room with a cozy gas fireplace, a formal dining area, and an eat-in kitchen with bar seating, solid-surface countertops, and an instant hot water dispenser. The split floor plan provides privacy, and the A/C garage offers incredible flexibility — perfect for a 4th bedroom, home office, gym, workshop, or hobby space.
Your Outdoor Oasis Awaits
Enjoy a heated pool, covered lanai, paver patio, dog run, lush tropical landscaping, and TWO storage sheds — plus plenty of parking for guests, toys, or an RV.
Why buyers love this home:
It’s in a quiet, pet-friendly Sarasota location just minutes to Bradenton, shopping, dining, and Gulf beaches — BUT without HOA restrictions, CDD fees, or the hassle of “cookie-cutter” communities.
Yes, some cosmetic updates could modernize the interior — but that’s exactly what makes this home such an incredible opportunity. The expensive upgrades are done; all that’s left is choosing the finishes that fit your style. And at this price, you have the budget to make it your own.
Preferred Lender Colonial Mortgage is offering no underwriting fee + a FREE appraisal at closing — even more savings for the buyer!
Homes with this amount of space, updates, and potential are rare — especially in Sarasota at this price. Schedule your showing today and imagine the possibilities!
Features
- Rooms: 8
- Bedrooms: 3
- Baths: 2 full
- Laundry: Inside, Laundry Room
- Style: Ranch
- Year Built: 1958
- Garage: 1-car
- Heating: Central
- Cooling: Central Air
- Approx Sq. Feet: 2,481
- Acreage: 0.29
- Est. Taxes: $2,346
- Lot Desc: Corner Lot, Oversized Lot
- Elem. School: Florine J. Abel Elementary
- Middle School: Electa Arcotte Lee Magnet
- High School: Southeast High
- Pool: Heated
- Pet Policy: Yes
- Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Ice Maker, Microwave, Range, Refrigerator, Washer
- MLS#: A4646380
- Days on Market: 255 days
- Website: https://www.raveis.com
/prop/A4646380/1320magellandrive_sarasota_fl?source=qrflyer
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Benge Redding TeamSales Associates
941.894.4216
BengeRedding@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Pedro DelgadilloInsurance Sales Director, William Raveis Insurance
305.922.5393
Pedro.Delgadillo@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
1320 MAGELLAN DRIVE, Sarasota, FL, 34243
$407,500
Benge Redding Team
Sales Associates
William Raveis Real Estate
Phone: 941.894.4216
BengeRedding@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $326,000 | $326,000 | $326,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.285% | 6.292% | 5.609% |
| Monthly Tax Payment | $196 | $196 | $196 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,851 | $1,981 | $2,642 |
| Total Monthly Payment | $2,122 | $2,252 | $2,913 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388