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345 MADISON DRIVE, Sarasota, FL, 34236 | $3,395,000
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 vacation residence located directly on St. Armands Circle and just a short stroll to the white sands of Lido Beach. With an estimated rental potential of approximately $1, 100 per night or $33, 000 per month, this property delivers outstanding flexibility, allowing you to rent the entire home or utilize the first level separately.
Spanning more than 4, 600 square feet, this elegant 4-bedroom, 3. 5-bath residence showcases a thoughtfully renovated interior, including a completely updated first floor featuring expansive porcelain tile flooring, a spacious family room, guest bedrooms, and a beautifully redesigned guest bathroom with a floating vanity and a luxurious, floor-to-ceiling tiled shower.
Meticulously upgraded over the past two years, the home reflects impeccable craftsmanship throughout. The chef’s kitchen is equipped with top-of-the-line Wolf, Sub-Zero, and Bosch appliances, complemented by sleek quartz countertops and custom finishes. Rich wood and marble flooring, fully remodeled bathrooms, and upgraded lighting and ceiling fans elevate the home’s modern, sophisticated ambiance.
Recent enhancements include a new roof with skylights that flood the home with natural light, hurricane-impact windows and doors for peace of mind, and updated air conditioning systems on both levels for year-round comfort. Outdoors, the private oasis features a fully renovated pool with new travertine decking, lush refreshed landscaping, modern fencing, and striking exterior upgrades such as copper gutters, a statement front door, and a custom privacy wall adorned with bespoke ceramic artwork by a celebrated Florida artist.
State-of-the-art security—including surveillance, an alarm system, and new gate openers—ensures privacy and tranquility. Just steps from the beach and moments from world-class shopping and dining, this is more than a home—it’s an exceptional lifestyle opportunity in one of Sarasota’s most iconic locations.
Welcome to elevated Florida living at 345 Madison Drive.
Features
- Rooms: 4
- Bedrooms: 4
- Baths: 3 full / 1 half
- Laundry: Inside, Laundry Room
- Style: Key West, Mid-Century Modern
- Year Built: 2014
- 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
- Approx Sq. Feet: 4,645
- Acreage: 0.26
- Est. Taxes: $44,372
- Lot Desc: Corner Lot, City Lot, Near Golf Course, Near Marina
- View: City
- Elem. School: Southside Elementary
- Middle School: Booker Middle
- Pool: Gunite, Heated, In Ground, Lighting
- 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
- MLS#: A4675129
- Days on Market: 1 day
- Website: https://www.raveis.com
/eprop/A4675129/345madisondrive_sarasota_fl?source=qrflyer
Listing courtesy of Compass Florida LLC Phone: 941-279-3630
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.
Customer Service
888.699.8876
Contact@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
345 MADISON DRIVE, Sarasota, FL, 34236
$3,395,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $2,716,000 | $2,716,000 | $2,716,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.440% | 6.110% | 5.952% |
| Monthly Tax Payment | $3,698 | $3,698 | $3,698 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $15,635 | $16,284 | $22,554 |
| Total Monthly Payment | $19,458 | $20,107 | $26,377 |
* 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