1320 MAGELLAN DRIVE, Sarasota, FL, 34243 | $442,500

Now Offered at ONLY $442, 500 – Incredible Value for This Updated Pool Home with No HOA! Back on the Market – Buyer Changed Their Mind, So Here’s Your Chance! Don’t miss this beautifully updated 3-bedroom, 2-bath pool home on an oversized corner lot with NO HOA—now available again and ready for a new owner! Packed with curb appeal and practical upgrades, this Sarasota gem features a huge fenced yard, 30-amp RV hookup, and a long list of improvements: New roof (2021) New garage door (2024) Fresh exterior paint (2025) Interior paint (2020) New refrigerator (2023) Updated electrical & plumbing (2014) Step inside to find a bright, welcoming layout with a spacious living room and gas fireplace, formal dining area, and large eat-in kitchen offering solid surface counters, bar seating, and an instant hot water dispenser. Enjoy privacy with a split-bedroom floor plan, and take advantage of the garage under A/C—perfect as a 4th bedroom, office, or flex space. Outside is your very own Florida retreat featuring a heated pool, brick paver patio, covered lanai, and lush tropical landscaping. The fully fenced backyard is ideal for pets and includes a dog run, two storage sheds, and ample driveway parking. Located in a quiet, pet-friendly neighborhood, you’re just minutes from shopping, dining, and everything Sarasota and Bradenton have to offer. This is your second chance—don’t let it slip away! Schedule your private showing today - this one is priced to move!

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: 66 days
  • Website: https://www.raveis.com
    /prop/A4646380/1320magellandrive_sarasota_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 6/18/2025 12:52:30 AM)

William Raveis Family of Services

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516.710.2012

Sophia.Kasparis@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

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Brian ShahwanVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 2166562

302.293.7433

Brian.Shahwan@raveis.com

Our Executive Mortgage Banker:

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Jennifer HartInsurance Sales Director, William Raveis Insurance

978.457.6220

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Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
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1320 MAGELLAN DRIVE, Sarasota, FL, 34243

$442,500

Sophia Kasparis

Licensed Real Estate Salesperson

William Raveis Real Estate

Phone: 516.710.2012

Sophia.Kasparis@raveis.com

Brian Shahwan

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 302.293.7433

Brian.Shahwan@raveis.com

NMLS Mortgage Loan Originator ID 2166562

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $354,000 $354,000 $354,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.375% 6.875% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.008% 7.063% 6.132%
Monthly Tax Payment $196 $196 $196
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,209 $2,326 $2,963
Total Monthly Payment $2,480 $2,597 $3,234

* 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.