To schedule a showing of 345 Madison Drive, Sarasota, Florida, Call David Shippey at 863-521-4517 TODAY!

$3,369,000 | 4 beds | 3 full baths | 1 half baths | 4,645 sqft

$3,369,000 Reduced -$26,000
345 Madison Drive
Sarasota, FL 34236
  • 4Beds
  • 4.00Total Baths
  • 3 Full, 1 HalfBaths
  • 4,645SqFt
  • 2014Year Built
  • 0.26Acres
  • MLS# A4675129
  • Residential
  • SingleFamilyResidence
  • Active


Overview

Seller Financing Available!Experience refined coastal luxury in the heart of St. Armands Circle, Sarasotas 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 foota 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 chefs 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 Sarasotas most iconic locations.Welcome to elevated island living at 345 Madison Drive.



Agriculture / Farm

Association Fees / Info

Community Features:  StreetLights, Sidewalks

Pets Allowed:  Yes

Bathroom Info

Total Baths:  4.00

Fullbaths:  3

Building Info

Window Features:  StormWindows, Skylights, WindowTreatments

Roof:  Metal

Building Area Source:  PublicRecords

Buyer Compensation

Exterior Features

Style:  Florida, MidCenturyModern

Pool Features:  Gunite, Heated, InGround

Patio:  RearPorch, Covered, Deck, Enclosed, FrontPorch, Patio, Screened, Balcony

Pool Private:  Yes

Exterior Features:  Awnings, Balcony, FrenchPatioDoors, SprinklerIrrigation, Lighting, RainGutters

Fees / Restrictions

Financial

Original Price:  $3,395,000

Fencing:  Other, Stone

Garage / Parking

Open Parking:  Yes

Parking Features:  Driveway, Garage, GolfCartGarage, GarageDoorOpener, Guest, Open, Oversized, GarageFacesSide, Tandem

Attached Garage:  Yes

Garage:  Yes

Green / Env Info

Interior Features

Fireplace Desc:  Gas, LivingRoom

Fireplace:  Yes

Floors:  PorcelainTile, Wood

Levels:  Two

Laundry Features:  Inside, LaundryRoom

Interior Features:  BuiltInFeatures, TrayCeilings, CeilingFans, CrownMolding, CathedralCeilings, DryBar, EatInKitchen, HighCeilings, KitchenFamilyRoomCombo, LivingDiningRoom, OpenFloorplan, StoneCounters, SplitBedrooms, Skylights, VaultedCeilings, WalkInClosets, WoodCabinets, WindowTreatments

Appliances:  BuiltInOven, ConvectionOven, Dryer, Dishwasher, Freezer, Disposal, GasWaterHeater, Microwave, Range, Refrigerator, RangeHood, TanklessWaterHeater, WineRefrigerator, Washer

Lot Info

Direction Remarks:  East On John Ringling Parkway, Turns Into Blvd Of The Presidents, Left On Madison Drive, Property On Right Corner

Lot Size Units:  Acres

Lot Size Acres:  0.26

Lot Sqft:  11,327

Lot Desc:  CornerLot, CityLot, NearGolfCourse, Landscaped

Misc

Other

Other Structures:  GarageApartment

Special Conditions:  None

Security Features:  SecuritySystemOwned, SecuritySystem, SecurityGate, SecuredGarageParking, SmokeDetectors

Other Rooms Info

Property Info

Section:  26

Class Type:  SingleFamilyResidence

Property Sub Type:  SingleFamilyResidence

Property Condition:  NewConstruction

Construction Materials:  Block, Stucco

Stories:  2

Total Stories:  2

Foundation:  Slab

Human Modified:  Yes

Room Info

Total Rooms:  4

Sqft Info

Sqft:  4,645

Bulding Area Sqft:  6,580

Living Area Units:  SquareFeet

Living Area Source:  PublicRecords

Tax Info

Tax Year:  2,024

Tax Lot:  1

Tax Legal Description:  LOT 1 BLK 7 ST ARMANDS DIVISION

Tax Block:  7

Tax Annual Amount:  44371.99

Tax Book Number:  2-30

Unit Info

Utilities / Hvac

Heating:  Central, Electric, Gas, Zoned

Water Source:  Public

Sewer:  PublicSewer

Cool System:  CentralAir, Ductless, Zoned, CeilingFans

Cooling:  Yes

Heating:  Yes

Utilities:  CableConnected, ElectricityConnected, NaturalGasConnected, HighSpeedInternetAvailable, MunicipalUtilities, SewerConnected, WaterConnected

Waterfront / Water

View:  Yes

View:  City

Schools

Elem:  Southside Elementary

Middle:  Booker Middle

Directions

East On John Ringling Parkway, Turns Into Blvd Of The Presidents, Left On Madison Drive, Property On Right Corner

This listing courtesy of Compass Florida Llc 

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Price & Status History (on davidshippey.com since Fri, Dec 12th 2025)
  • Original Price: $3,395,000
  • Current Price: $3,369,000
  • Price Reduced: $26,000
Date ChangedFromTo
03/04/2026$3,395,000 $3,369,000 Reduced by $26,000

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If you have any questions on 345 Madison Drive, Sarasota, Florida, please call David Shippey at 863-521-4517.


MLS# A4675129 located at 345 Madison Drive, Sarasota, Florida is brought to you by David Shippey REALTOR®

345 Madison Drive, Sarasota, Florida has 4 Beds, 3 Full Bath, and 1 Half Bath.
The MLS Number for 345 Madison Drive, Sarasota, Florida is A4675129.
The price for 345 Madison Drive, Sarasota, Florida is $3,369,000.
The status of 345 Madison Drive, Sarasota, Florida is Active.
The subdivision of 345 Madison Drive, Sarasota, Florida is Saint Armands Div John Ringling Estates.
The home located at 345 Madison Drive, Sarasota, Florida was built in 2026.