345 MADISON, SARASOTA, FL, 34236 — photo 1
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345 MADISON, SARASOTA, FL, 34236

$3,369,000

4 Beds3½ Baths4,645 Sq FtBuilt 20140.26 Acres3 GaragePool

About This Property

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.

Subdivision

SAINT ARMANDS DIV JOHN RINGLING ESTATES

Status

Active

Listed By

COMPASS FLORIDA LLC

Days on Market

82

Mortgage Calculator

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Est. Monthly Payment

$22,807

30-yr fixed · 20% down · 6.875%

Principal & Interest$17,706
Property Tax (actual)$3,698
Est. Home Insurance~0.5% est.$1,404
Total / month$22,807
Loan amount$2,695,200

Estimates only — taxes and insurance are approximate. PMI rate, actual lender fees, and closing costs not included. Contact a licensed lender for a precise quote.

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MLS# 0c6d0ff0a34bf1aea48ff767039232fe

Location