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$1,299,000 Just Listed

  • For Sale
  • Active
  • Triplex
  • 3 Beds
  • 3 Total Baths
  • 1,680 Sq. Ft.
  • Updated 1 day ago
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651 Madison Court is a tidy & attractive multi-family home located in the highly desirable neighborhood of Laurel Park, adjacent to downtown Sarasota. The property, which consists of (3) one bedroom, one bathroom apartments, originally constructed in 1953, and extensively renovated in 2023, is fully rented with 3 excellent long term (annual) tenants. The lot location is quiet and attractive, at the end of non-thru street, with neighbors including the Sarasota senior friendship center, multi million dollar new construction homes, the Hudson Bayou waterway and Laurel park kayak launch, downtown Sarasota, Selby Gardens and its marina & waterfront. The 1680 sq/ft concrete block structure includes a 2023 metal roof, 2023 updates to electrical and plumbing systems, impact windows, stylish new kitchens and bathrooms, tile floors, and HVAC systems. The apartments are separately metered for electricity and city services and tenants are paying all utilities individually. Though currently occupied with wonderful annual tenants, the City of Sarasota location makes future use for short term rentals possible, at a 7 night minimum, and there are several other STR's in close proximity. It would be a wonderful 1031 exchange, and is located within the City of Sarasota Qualified Opportunity Zone 1.02, for additional tax advantaged investment, for a potential buyer. Please do not disturb tenants. Access by appointment only.

Full Property Details for 651 Madison Ct

General

  • Price: $1,299,000
  • Taxes: $12,724 (2025)
  • Status: Active
  • Type: Triplex
  • Source: MidFloridaRegionalMLS
  • MLS ID: GC538888
  • Updated: 3/31/2026
  • Added to Site: 5 day(s) ago

Interior

  • Interior Features: Ceiling Fan(s), Eating Space In Kitchen, Primary Bedroom Main Floor, Solid Surface Counters
  • Appliances: Electric Water Heater, Microwave, Range, Range Hood, Refrigerator, Washer
  • Flooring: Tile

Rooms

Bathrooms

  • Total Bathrooms: 3

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Laundry: Electric Dryer Hookup, Inside, Laundry Closet, Washer Hookup

Exterior

  • Exterior Features: Garden, Lighting

Location

  • Area: 34236 - Sarasota
  • County: Sarasota
  • Development Name: 34236 - Sarasota
  • Subdivision: WASHINGTON PARK
  • Driving Directions: Head north on S. Washington Blvd, turn left onto Oak St, Turn left at the 3rd cross street onto Madison Ct. 651 Madison Ct is on the left.

School Information

  • Elementary School: Southside Elementary
  • Middle School: Booker Middle
  • High School: Sarasota High

Community

  • Community Name: 34236 - Sarasota
  • Community Features: Sidewalks

Heating & Cooling

  • Cooling Type: Mini-Split Unit(s), Zoned
  • Heating Type: Central, Electric, Heat Pump, Zoned

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected

Structural Information

  • # Buildings: 1
  • Exterior Const.: Block, Stucco
  • Roof: Metal
  • Stories/Levels: One
  • Square Feet: 1,680
  • Sq. Ft. Source: Public Records
  • Year Built: 1953

Lot Features

  • Property View: City, Trees/Woods
  • Lot Size (Acres): 0.15
  • Lot Size (Sq. Ft.): 6,400
  • Lot Size: 6400
  • Frontage: Street Dead-End, Street Paved
  • Street/Road Desc.: Paved, Asphalt

Financial Considerations

  • Tax Amount: $12,724
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: LOTS 41 43 & S 9 FT OF 39 BLK C WASHINGTON PARK
  • Flood Zone Info: X
  • APN: 2027160069
  • Property ID: 2027160069
  • Block/Lot/Section: C

Listed by Coastal Real Estate Professionals Llc

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Listing agent

— 651 Madison Ct —

  • Coastal Real Estate Professionals Llc

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 651 Madison Ct

School District:Sarasota County School District
NameGradesDistance
Southside Elementary School, Sarasota, FL
1901 Webber Street, Sarasota, FL 34239
PK-51.5 mi
Booker Middle School
2250 Myrtle Street, Sarasota, FL 34234
6-82.6 mi
Sarasota High School
2155 Bahia Vista Street, Sarasota, FL 34239
9-120.6 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 651 Madison Ct Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/27/2026
Listed
$1,299,000
33.23%
MLS
7/18/2024
Sold
$975,000
—
Public Record
Get Price Alerts and Save Property
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 for 651 Madison Ct

Year
Property Taxes
Change
Tax Assessment
Change
2025
$12,139
10%
$815,700
6%
2024
$11,015
20%
$768,700
29%
2023
$9,208
29%
$593,600
18%
2021
$7,162
-22%
$504,400
-15%
2022
$9,203
28%
$591,600
33%
2021
$7,162
15%
$444,900
38%
2019
$6,217
9%
$322,318
10%
2018
$5,706
6%
$293,016
-21%
2017
$5,361
13%
$369,000
15%
2016
$4,765
12%
$320,800
46%
2015
$4,273
-2%
$220,147
10%
2014
$4,363
10%
$200,134
10%
2013
$3,978
—
$181,940
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Coastal Real Estate Professionals Llc

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651 Madison Court, Sarasota, FL 34236 (MLS# GC538888) is a Triplex property with 3 bedrooms and 0 full bathrooms. 651 Madison Court is currently listed for $1,299,000 and was received on March 27, 2026. Want to learn more about 651 Madison Court? Do you have questions about finding other Triplex real estate for sale in Sarasota? You can browse all Sarasota real estate or contact a Coldwell Banker agent to request more information.

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