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$3,369,000
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Property 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.
Full Property Details
Full Property Details for 345 Madison Dr
General
- Price: $3,369,000
- Taxes: $44,371 (2024)
- Status: Active
- Type: Single Family
- Source: MidFloridaRegionalMLS
- MLS ID: A4675129
- Updated: 3/4/2026
- Added to Site: 128 day(s) ago
Rental Information
- Min. Lease: 1-7 Days
Interior
- Number of Rooms: 4
- Interior Features: Built-in Features, Cathedral Ceiling(s), Ceiling Fan(s), Crown Molding, Dry Bar, Eating Space In Kitchen, High Ceilings, Kitchen and Family Room Combination, Living Room/Dining Room Combo, Open Floorplan, Skylight(s), Solid Wood Cabinets, Split Bedroom, Stone Counters, Thermostat, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
- Fireplace: Yes
- Fireplace(s): Gas, Living Room
- 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
- Furnishings: Turnkey
- Flooring: Porcelain Tile, Hardwood
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 3
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Inside, Laundry Room
Additional Information
- Pool: Yes
- Private Pool: Yes
- Pool Description: Gunite, Heated, In Ground, Lighting
- Security/Safety: Security Gate, Security System, Security System Owned, Smoke Detector(s), Touchless Entry
Exterior
- Exterior Features: Awning(s), Balcony, French Doors, Irrigation System, Lighting, Rain Gutters, Sidewalk, Sliding Doors
- Deck/Patio: Covered, Deck, Enclosed, Front Porch, Patio, Rear Porch, Screened
- Porch/Patio/Deck: Covered, Deck, Enclosed, Front Porch, Patio, Rear Porch
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 3
- Covered Spaces: 3
- Parking Features: Driveway, Garage Door Opener, Garage Faces Side, Golf Cart Parking, Guest, Open, Oversized, Tandem
Location
- Area: 34236 - Sarasota
- County: Sarasota
- Development Name: 34236 - Sarasota
- Subdivision: SAINT ARMANDS DIV JOHN RINGLING ESTATES
- Driving Directions: East On John Ringling Parkway, Turns Into Blvd Of The Presidents, Left On Madison Drive, Property On Right Corner
- Direction Faces: Southeast
School Information
- Elementary School: Southside Elementary
- Middle School: Booker Middle
Community
- Community Name: 34236 - Sarasota
Heating & Cooling
- Cooling Type: Central Air, Mini-Split Unit(s), Zoned
- Heating Type: Central, Electric, Natural Gas, Zoned
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: BB/HS Internet Available, Cable Connected, Electricity Connected, Natural Gas Connected, Public, Sewer Connected, Street Lights, Water Connected
Structural Information
- Architectural Info: Key West, Mid-Century Modern
- Architectural Style: Key West, Mid-Century Modern
- Exterior Const.: Block, Stucco
- Roof: Metal
- Windows: Shades, Storm Window(s), Window Treatments
- Stories/Levels: Two
- Square Feet: 4,645
- Sq. Ft. Source: Public Records
- Year Built: 2014
Lot Features
- Property View: City
- Lot Size (Acres): 0.26
- Lot Size (Sq. Ft.): 11,327
- Lot Size: 11327
- Frontage: Street Paved
- Street/Road Desc.: Paved, Asphalt
- Fencing (Description): Other, Stone
Financial Considerations
- Tax Amount: $44,371.99
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: LOT 1 BLK 7 ST ARMANDS DIVISION
- Flood Zone Info: AE
- APN: 2014050001
- Property ID: 2014050001
- Block/Lot/Section: 7
Listed by Compass Florida Llc
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Schools
Schools serving 345 Madison Dr
School District:Sarasota County School District
| Name | Grades | Distance |
|---|---|---|
Southside Elementary School, Sarasota, FL 1901 Webber Street, Sarasota, FL 34239 | PK-5 | 2.9 mi |
Booker Middle School 2250 Myrtle Street, Sarasota, FL 34234 | 6-8 | 4.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 345 Madison Dr
Date
Details
Price
Change
Source
3/04/2026
Price Reduced
$3,369,000
-0.77%
MLS
12/12/2025
Listed
$3,395,000
83.51%
MLS
3/05/2021
Sold
$1,850,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 345 Madison Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$37,808
-17%
$2,540,600
-16%
2024
$45,337
65%
$3,034,500
63%
2023
$27,552
8%
$1,856,158
8%
2022
$25,583
73%
$1,712,969
79%
2021
$14,790
—
$959,014
1%
2021
$14,790
1%
$945,773
2%
2019
$14,580
2%
$924,509
2%
2018
$14,347
4%
$907,271
5%
2017
$13,732
-10%
$860,458
-6%
2016
$15,273
8%
$910,700
12%
2015
$14,112
6%
$811,700
7%
2014
$13,355
-2%
$760,700
1%
2013
$13,652
—
$755,260
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 345 Madison Dr
345 Madison Drive, Sarasota, FL 34236 (MLS# A4675129) is a Single Family property with 4 bedrooms, 3 full bathrooms and 1 partial bathroom. 345 Madison Drive is currently listed for $3,369,000 and was received on December 12, 2025. Want to learn more about 345 Madison Drive? Do you have questions about finding other Single Family real estate for sale in Sarasota? You can browse all Sarasota real estate or contact a Coldwell Banker agent to request more information.

