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$1,300,000
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Property Description
Rare corner-lot duplex in Sarasota's highly desirable Laurel Park Historic District, located approximately 0.5 miles from downtown Sarasota's dining, shopping, arts, bayfront, and cultural attractions. Set beneath mature trees and surrounded by the timeless character of Laurel Park, this well-maintained property blends classic Old Florida charm with substantial recent improvements. Each residence offers 2 bedrooms, 1 bathroom, spacious living areas, a full kitchen, a dedicated laundry area, and its own private screened lanai overlooking fully fenced outdoor spaces that provide privacy and separation between the units. Recent improvements include a new roof installed in November 2024, new windows installed in September 2022, a full exterior repaint completed in January 2025, a remodeled bathroom, custom paver hardscaping, and refreshed landscaping. One residence also features a private putting green, a distinctive outdoor amenity rarely found near downtown Sarasota. Laurel Park is known for its historic character and convenient proximity to Burns Court, Payne Park, downtown Sarasota, and Sarasota Bay. Lido Key and Siesta Key beaches are also just a short drive away. Whether used as an owner-occupied residence with supplemental rental income, a long-term investment property, or a flexible downtown retreat, this duplex offers a variety of possibilities in one of Sarasota's most charming and centrally located neighborhoods. An exceptional opportunity to own a versatile property offering character, privacy, recent improvements, and an outstanding downtown Sarasota location.
Full Property Details
Full Property Details for 507 Madison Ct
General
- Price: $1,300,000
- Taxes: $13,932 (2025)
- Status: Active
- Type: Duplex
- Source: MidFloridaRegionalMLS
- MLS ID: A4701927
- Updated: 8/6/2026
- Added to Site: 8 day(s) ago
Interior
- Interior Features: Ninguno
- Flooring: Tile
Rooms
Bathrooms
- Total Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Other, Outside
Exterior
- Exterior Features: Fenced, Private Yard
Parking
- Carports: Yes
- Carport: 1
- Carport Spaces: 1
- Covered Spaces: 1
Location
- Area: 34236 - Sarasota
- County: Sarasota
- Development Name: 34236 - Sarasota
- Subdivision: OWEN BURNS
- Driving Directions: South on Osprey from Ringling, east on Laurel, south on Madison, duplex is located on the corner of Madison and Laurel.
Community
- Community Name: 34236 - Sarasota
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Public
Structural Information
- # Buildings: 1
- Exterior Const.: Block, Concrete, Other, Stucco, Wood Frame
- Roof: Shingle
- Square Feet: 1,670
- Sq. Ft. Source: Public Records
- Year Built: 1948
Lot Features
- Lot Size (Acres): 0.17
- Lot Size (Sq. Ft.): 7,210
- Lot Size: 7210
- Street/Road Desc.: Asphalt
Financial Considerations
- Tax Amount: $13,932
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: LOTS 8 9 10 & N 1/2 LOT 11 OWEN BURNS SUB RESUB OF LOTS 17 19 21 & 23 SUB OF LOT 15 BLK G POS
- Flood Zone Info: X
- APN: 2027090069
- Property ID: 2027090069
- Block/Lot/Section: G
Listed by Exp Realty Llc
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Schools
Schools serving 507 Madison Ct
School District:Sarasota County School District
| Name | Grades | Distance |
|---|---|---|
Southside Elementary School, Sarasota, FL 1901 Webber Street, Sarasota, FL 34239 | PK-5 | 1.6 mi |
Booker Middle School 2250 Myrtle Street, Sarasota, FL 34234 | 6-8 | 2.5 mi |
Sarasota High School 2155 Bahia Vista Street, Sarasota, FL 34239 | 9-12 | 0.7 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 507 Madison Ct
Date
Details
Price
Change
Source
8/06/2026
Listed
$1,300,000
53.12%
MLS
8/29/2022
Sold
$849,000
—
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 507 Madison Ct
Year
Property Taxes
Change
Tax Assessment
Change
2025
$13,932
14%
$886,644
9%
2024
$12,205
13%
$811,800
14%
2023
$10,844
50%
$713,400
51%
2021
$7,223
-16%
$472,300
-15%
2022
$8,600
19%
$557,800
42%
2021
$7,223
10%
$392,300
-2%
2019
$6,583
6%
$398,400
6%
2018
$6,223
—
$374,700
1%
2017
$6,196
5%
$369,400
8%
2016
$5,875
24%
$343,400
31%
2015
$4,728
-2%
$261,542
10%
2014
$4,814
9%
$237,765
10%
2013
$4,407
—
$216,150
—
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 507 Madison Ct
507 Madison Court, Sarasota, FL 34236 (MLS# A4701927) is a Duplex property with 4 bedrooms and 0 full bathrooms. 507 Madison Court is currently listed for $1,300,000 and was received on August 06, 2026. Want to learn more about 507 Madison Court? Do you have questions about finding other Duplex real estate for sale in Sarasota? You can browse all Sarasota real estate or contact a Coldwell Banker agent to request more information.

