UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 4,645 sqft
Price per Sqft $725
Subdivision Saint Armands Div John Ringling Estates
MLS Listing ID A4675129
Bedrooms 4
Full Baths 3
Half Baths 1
Construction Status Completed
HOA Y/N No
Year Built 2014
Annual Tax Amount $44,371
Lot Size 0.260 Acres
Acres 0.26
Property Sub-Type Single Family Residence
Source Stellar MLS
Property Description
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.
Location
State FL
County Sarasota
Community Saint Armands Div John Ringling Estates
Area 34236 - Sarasota
Zoning RSF2
Rooms
Other Rooms Den/Library/Office, Family Room, Garage Apartment, Interior In-Law Suite w/Private Entry, Media Room, Storage Rooms
Interior
Interior Features Built-in Features, Cathedral Ceiling(s), Ceiling Fans(s), Crown Molding, Dry Bar, Eat-in Kitchen, High Ceilings, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Solid Wood Cabinets, Split Bedroom, Stone Counters, Thermostat, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
Heating Central, Electric, Natural Gas, Zoned
Cooling Central Air, Mini-Split Unit(s), Zoned
Flooring Tile, Wood
Fireplaces Type Gas, Living Room
Furnishings Turnkey
Fireplace true
Appliance 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
Laundry Inside, Laundry Room
Exterior
Exterior Feature Awning(s), Balcony, French Doors, Lighting, Rain Gutters, Sidewalk, Sliding Doors
Parking Features Driveway, Garage Door Opener, Garage Faces Side, Golf Cart Parking, Guest, Open, Oversized, Tandem
Garage Spaces 3.0
Fence Other, Stone
Pool Gunite, Heated, In Ground, Lighting
Community Features Street Lights
Utilities Available BB/HS Internet Available, Cable Connected, Electricity Connected, Natural Gas Connected, Public, Sewer Connected, Water Connected
View City
Roof Type Metal
Porch Covered, Deck, Enclosed, Front Porch, Patio, Rear Porch, Screened
Attached Garage true
Garage true
Private Pool Yes
Building
Lot Description Corner Lot, City Limits, Near Golf Course, Near Marina, Paved
Story 2
Entry Level Two
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Architectural Style Key West, Mid-Century Modern
Structure Type Block,Stucco
New Construction false
Construction Status Completed
Schools
Elementary Schools Southside Elementary
Middle Schools Booker Middle
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Schools and Properties Nearby
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