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$3,369,000

345 Madison Drive Sarasota, FL 34236 Residential - Single Family Active

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Description

Seller Financing Available!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.

Property Highlights

Property Type: Residential - Single Family
Cooling: Central Air, Mini-Split Unit(s), Zoned
Fenced: Yes
Garage: 3 car attached
Heating: Central, Electric, Natural Gas, Zoned
Home Style: Key West, Mid-Century Modern
Lot Size: 0.26 Acres
Roof Type: Metal
Stories: 2.0
Taxes: $44,371
Year Built: 2014

General Information

Bedrooms: 4
Bathrooms: 3 Full 1 Half
Sqft: 4,645
County: Sarasota
Subdivision: SAINT ARMANDS DIV JOHN RINGLING ESTATES
Listed By:
Andrew Haddad COMPASS FLORIDA LLC 941-279-3630

Amenities

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
Awning(s)
Balcony
French Doors
Lighting
Rain Gutters
Sidewalk
Sliding Doors

Room Information

Primary Bedroom: 18x14
Dining Room: 14x20
Kitchen: 13x21
Living Room: 32x20

Property Features

Additional Rooms: Den/Library/Office, Family Room, Garage Apartment, Interior In-Law Suite w/Private Entry, Media Room, Storage Rooms
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
Community Features: Street Lights
Days on Site: 82
Directions: East On John Ringling Parkway, Turns Into Blvd Of The Presidents, Left On Madison Drive, Property On Right Corner
Exterior: Block, Stucco
Fencing: Other, Stone
Fireplace: Gas, Living Room
Fireplace Y/N: Yes
Flood Zone Code: AE
Flooring: Tile, Wood
Foundation: Slab
Garage Dimensions: 24x18
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot: Corner Lot, City Limits, Near Golf Course, Near Marina, Paved
Lot Dimensions: 0.26
Other Equipment: Irrigation Equipment
Ownership: Fee Simple
Parking: Driveway, Garage Door Opener, Garage Faces Side, Golf Cart Parking, Guest, Open, Oversized, Tandem
Parking Notes: Driveway, Garage Door Opener, Garage Faces Side, Golf
Patio/Porch: Covered, Deck, Enclosed, Front Porch, Patio, Rear Porch, Screened
Pets Allowed: Yes
Pool: Gunite, Heated, In Ground, Lighting
Property Attached Y/N: No
Property Sub-Type: Single Family Residence
Security: Secured Garage/Parking, Security Gate, Security System, Security System Owned, Smoke Detector(s), Touchless Entry
Sewer: Public Sewer
Showing Instructions: Appointment Only, See Remarks, ShowingTime
Special Sale Provisions: None
Swimming Pool: Yes
Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Natural Gas Connected, Public, Sewer Connected, Water Connected
Vegetation: Mature Landscaping
Water: Public
Water Access Y/N: No
Windows: Skylight(s), Shades, Storm Window(s), Window Treatments
Zoning: RSF2
$3,369,000
4beds
3.5baths
4,645sqft
3cars
Active Price Reduced $26,000 on March 4th, 2026
BEDS4 BATHS3 full 1 partial SQUARE FEET4,645 MLS#A4675129
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONSAINT ARMANDS DIV JOHN RINGLING ESTATES

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345 Madison Drive, Sarasota, FL 34236.

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Estimated Payment

$ 16,043.28 per month $11,363.07 Principal & Interest $3,697.58 Property Tax $982.63 Homeowner's Insurance

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Florida/Sarasota
Sarasota

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About Sarasota

Sarasota, FL is a cultural gem. Once home to the Ringling Brothers Circus, Sarasota boasts a rich arts scene that brings people from all over the area to enjoy world-class theater, music, and other performing arts. Sarasota is also a haven with spectacular scenery, turquoise water and white sandy beaches. It offers a delightful downtown with a variety of small boutiques and exceptional restaurants. With its dynamic culture and arts scene and incredible natural beauty, Sarasota is a wonderful place to call “home.” 

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