4 months on rocket

Sale Pending

517 Madison Dr, Sarasota, FL, 34236

$2,500,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
3 Full Baths
1,951 SqFt
$1,281/SqFt
House
Schools Nearby

Location

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517 Madison Dr, Sarasota$2,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingGarage Door Opener, Guest
Attached Garage1 space
Year Built1953
HeatingHeat Pump
CoolingCentral Air
FireplaceOutside
ViewGarden, Pool, Trees/Woods
Private PoolYes
MLS #A4592093
Lot Size0.13 Acres
StatusSale Pending
(Pending)

About 517 Madison Dr

Under contract-accepting backup offers. Welcome to your fully furnished dream home, where modern luxury meets natural serenity! Nestled just one block off the vibrant St. Armands Circle and a short bike ride to the pristine shores of Lido Beach, this impeccably remodeled mid-century modern residence is a coastal haven. Step into timeless elegance on the terrazzo floors that grace the home, featuring 2 living areas, a large dining room for entertaining and 4 bedrooms, with ensuite bathrooms, for the ultimate in comfort and privacy. Surrounded by lush foliage, the large travertine patio, adorned with a refreshing pool, offers a private oasis for you to unwind in the Florida sun. Privacy walls enhance the sense of tranquility, creating an intimate retreat amidst the greenery. As night falls, the enchanting outdoor lighting illuminates the landscape, setting a magical ambiance for evening relaxation. Proximity to St. Armands Circle means endless dining, shopping, and entertainment options, while a short bike ride takes you to the sandy shores of Lido Beach. Enjoy peace of mind with a brand-new roof installed in 2023 and relish the modern convenience of all-new appliances and Hurricane impact windows, doors and sliders.This mid-century modern gem, surrounded by lush foliage and privacy walls, is not just a home; it's a lifestyle waiting for you to call it your own.

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary, Courtyard, Florida, Historic, Mid-Century Modern, Patio Home
  • Year Built: 1953
  • Stories: 1
  • Living Area: 1,951 SqFt

Listing Office:

  • Office Name: COLDWELL BANKER REALTY
  • Office Phone: (941) 383-6411
  • Listing Agent: Sheryl VanDuren

Interior Features

Interior Information:

  • Appliances: Bar Fridge, Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Flooring Type: Granite, Terrazzo, Travertine
  • Interior: Ceiling Fans(s), Open Floorplan, Primary Bedroom Main Floor, Solid Wood Cabinets, Thermostat, Walk-In Closet(s)
  • Fireplace: Outside

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • View: Garden, Pool, Trees/Woods
  • Exterior: Garden, Irrigation System, Lighting, Private Mailbox, Sidewalk, Sliding Doors, Storage

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: Yes
  • Parking: Garage Door Opener, Guest

Lot Features

Lot Information:

  • Lot: Flood Zone, Landscaped, Level, Near Public Transit, Private, Paved
  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Booker High School, Public Magnet Grades 9-12
  • Booker Middle School, Public Magnet Grades 6-8
  • Southside Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: From downtown Sarasota, go West over the bridge on John Ringling Boulevard toward St Armands. TURN RIGHT on N Washington Dr, then an immediate Left on Madison. 517 is the 2nd House on Right. OK to park in front on the street and when church is not in session, use its parking lot.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,500,000
  • Price Per SqFt: $1,281/SqFt

Tax Information:

  • Annual Amount: $5,127
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Sarasota, FL.

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Sarasota, FL

City

Med. Sold Price

$513.2K

Med. Price/SqFt

$305

Avg. Days On Market

62

# of Sold Homes

531

517 Madison Dr vs Sarasota

135 DAYS ON ROCKET

+73 Days

$2,500,000

+$1.9M More

$1,281/SqFt

+$976 More

KEY TAKEAWAY

This property is $1.9M more than the Median Sold Price and $976/SqFt more than other homes in Sarasota, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #A4592093

Listing Office:

  • Office Name: COLDWELL BANKER REALTY
  • Office Phone: (941) 383-6411
  • Listing Agent: Sheryl VanDuren

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 4/27/2024, 11:49:14 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 23, 2004Home Sold
$550,000

Tax History

YEARPROP. TAXASSESSMENT
2020$5,127$345,736
2019$4,988$337,963
2018$4,903$331,661
2017$4,842$324,839

History based on county public records data.

Payment Calculator

$12.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,562

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1830559
10
/10

  • Southside Elementary School

  • 1901 Webber St

  • 2.90 miles

  • Public District Grades PK-5

Middle School

school-card-donut-1830560
2
/10

  • Booker Middle School

  • 2250 Myrtle St

  • 4.60 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-1830561
3
/10

  • Booker High School

  • 3201 N Orange Ave

  • 3.72 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $109,328. Residents of Sarasota, FL typically earn between $100k-200k each year. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 517 Madison Dr

What is the listing price of this property?

The listing price of 517 Madison Dr property is $2,500,000.

What type of property is this?

The property 517 Madison Dr is a house located in Sarasota, Florida, 34236.

Is this property for sale now?

Sale Pending: 517 Madison Dr is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What are the assigned schools for this property?

The assigned schools for 517 Madison Dr are:
Southside Elementary School: GreatSchools Rating 10/10
Booker Middle School: GreatSchools Rating 2/10
Booker High School: GreatSchools Rating 3/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $5,127 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on June 23, 2004 for $550,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 517 Madison Dr has 4 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 517 Madison Dr is 1,951 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 517 Madison Dr is 1953.

Rocket Homes›Florida›Sarasota County›Sarasota›34236›517 Madison Dr

This home is located at 517 Madison Dr in Sarasota, FL and zip code 34236 in the Saint Armands neighborhood. This 1,951 square foot home, which was built in 1953, sits on a 0.13 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since December 14, 2023 and is currently priced at $2,500,000.

In March 2024 more than 30 listings in Sarasota, FL were sold above the asking price. During the same period more than 87 listings were sold at asking price, while more than 414 were sold below. Between February 2024 and March 2024, Sarasota, FL real estate market has seen increase in the number of listings by 3.8%. Listings spent 62 days on the market in March 2024, and had a median list price of $513,207 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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