Active
$1,300,000
Est. $8,591/mo

507 Madison CT, Sarasota, FL, 34236

$778/sqft·Owen Burns

4 bd2 ba1,670 sqftDuplex
Listed by EXP REALTY LLC· Last updated · MLS# A4701927

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Est. monthly payment
$8,591/mo
Down payment (20%)
$260,000
Property taxes
$1,161/mo
Rate assumed
6.8% · 30 yr
View full breakdown

At a glance

Multi-family
Built 1948
7,210 sqft lot
Lot size
1,670 sqft
Living area

About this home

NingunoFencePrivate Yard

507 Madison CT is a 1948-built home in Owen Burns, Sarasota. Inside you'll find 4 bedrooms, 2 bathrooms, and 1,670 square feet of living space. Listed at $1,300,000 (about $778/sqft), 1 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.

From the listing

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.

The essentials

Built
1948
Price / sqft
$778
On market
36 days
Annual tax
$13,932
Flood zone
X · Low risk
Lot
7,210 sqft
Type
Duplex

Location

507 Madison CT
Sarasota, FL, 34236·34236 - Sarasota
Type
Duplex
Year Built
1948
Lot
7,210 sqft
Cooling
Central Air
Heating
Central
Parking
-
Days on Market
36
Ninguno
Fence
Private Yard
Flood Zone X

Annual Tax (2025)

$13,932

Parcel #

2027090069

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision

Owen Burns

County

Sarasota

MLS Area

34236 - Sarasota

Lot Size

7,210 sqft

Corner Lot
Date
Event
Price
8/6/2026
Listed for sale
Source: Stellar MLS #A4701927
$1,300,000
$778/sqft
Est. monthly payment$8,591/mo
Principal & interest$6,780
Property taxes$1,161
Insurance$650
Down payment20% · $260,000
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Offer Insights

Choose an offer strength

List price: $1,300,000
$1.25M – $1.30M
96.5% – 100% of listTops out right at the list price
80% of listList price
27 of the last 52 home closings in 34236 landed at this number or higher (52%). The median one sat 94 days before it went under contract, and this one is on day 36.

Sample: 52 closed home sales in 34236 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

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