345 Madison Dr, Sarasota, FL, 34236
About This Home
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.
Getting Around
Somewhat Walkable
No Nearby Transit
Very BikeableSchools
Construction
Condition
- Property condition: Completed
- Year built: 2014
Materials
- Foundation: Slab
- Roof: Metal
- Construction materials: Block,Stucco
Type & Style
- Home type: SingleFamily
- Architectural style: Key West,Mid-Century Modern
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Oven,Convection Oven,Dishwasher,Disposal,Dryer,Freezer,Gas Water Heater,Microwave,Range,Range Hood,Refrigerator,Tankless Water Heater,Touchless Faucet,Washer,Wine Refrigerator
- Laundry features: Inside,Laundry Room
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Dining Room
- Level: Second
- Area: 280
- Dimensions: 14x20
Features
- Built-in Features,Cathedral Ceiling(s),Ceiling Fan(s),Crown Molding,Dry Bar,Eating Space 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),In-Law Floorplan
- Door features: French Doors,Sliding Doors
- Window features: Window Treatments,Skylight(s)
- Flooring: Porcelain Tile,Hardwood
- Fireplace features: Gas,Living Room
- Fireplace: Yes
Heating & Cooling
- Heating features: Central,Electric,Natural Gas,Zoned
- Cooling features: Central Air,Ductless,Zoned
Interior Area
- Total structure area: 6,580
- Total interior livable area: 4,645 sqft
Kitchen
- Level: Second
- Area: 273
- Dimensions: 13x21
Living Room
- Level: Second
- Area: 640
- Dimensions: 32x20
Primary Bedroom
- Features: Walk-In Closet(s)
- Level: Second
- Area: 252
- Dimensions: 18x14
Property
Details
- Parcel number: 2014050001
- Zoning: RSF2
- Special condition: None
Features
- Levels: Two
- Stories: 2
- Private pool: Yes
- Pool features: Gunite,Heated,In Ground,Lighting
- Patio & porch: Covered,Deck,Enclosed,Front Porch,Patio,Rear Porch,Screened
- Exterior features: Awning(s),Balcony,Irrigation System,Lighting,Rain Gutters,Sidewalk
- Fencing: Other,Stone
- Has view: Yes
- View description: City
- Residential vegetation: Mature Landscaping
Lot
- Lot size: 0.26 Acres
- Features: Corner Lot,City Lot,Near Golf Course,Near Marina
Parking
- Total spaces: 3
- Parking features: Driveway,Garage Door Opener,Garage Faces Side,Golf Cart Parking,Guest,Open,Oversized,Tandem
- Has garage: Yes
- Attached garage spaces: 3
- Covered spaces: 3
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Coastal Flooding
- Hurricane
- Lightning
- Tornado
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Sarasota County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $18,582 | $222,984 |
| Home Insurance * | $2,515 | $30,180 |
| Property Taxes | $4,644 | $55,728 |
| Electricity | $467 | $5,609 |
| Total | $26,208 | $314,496 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-04 | Price change | $3,369,000 |
| 2025-12-12 | Price change | $3,395,000 |
| 2025-11-19 | Listed for sale | $3,649,000 |
| 2025-11-18 | Pending sale | $3,649,000 |
| 2025-10-14 | Price change | $3,649,000 |
| 2025-09-12 | Listed for sale | $3,749,000 |
| 2025-07-24 | Listing removed | $3,795,000 |
| 2025-04-02 | Price change | $3,795,000 |
| 2025-01-28 | Listed for sale | $3,995,000 |
| 2024-07-31 | Listing removed | -- |
| 2024-07-05 | Price change | $3,995,000 |
| 2024-06-02 | Price change | $4,595,000 |
| 2024-03-26 | Listed for sale | $4,995,000 |
| 2024-03-25 | Listing removed | -- |
| 2024-01-05 | Listed for sale | $5,995,000 |
| 2021-03-05 | Sold | $1,850,000 |
| 2021-01-25 | Pending sale | $1,850,000 |
| 2021-01-25 | Listed for sale | $1,850,000 |
| 2011-03-02 | Listing removed | $945,000 |
| 2010-09-08 | Sold | $840,000 |
| 2010-08-21 | Price change | $945,000 |
| 2010-07-11 | Price change | $899,000 |
| 2010-06-16 | Price change | $925,000 |
| 2010-02-27 | Price change | $945,000 |
| 2009-09-19 | Price change | $995,000 |
| 2009-08-08 | Listed for sale | $1,100,000 |
| 2006-05-19 | Sold | $1,100,000 |
| 2004-09-08 | Sold | $950,000 |
| 1998-06-26 | Sold | $530,000 |
| 1993-06-16 | Sold | $97,500 |
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