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Overview

4 bd2 ba1,670 sqftDuplex
TypeDuplex
HOANone listed
Built1948
Lot7,210 sqft
Living area1,670 sqft
Price / sqft$778

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Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

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), 68 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
68 days
Annual tax
$13,932
Flood zone
X · Low risk
Lot
7,210 sqft
Type
Duplex

At a glance

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

Payment

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

Details

Type
Duplex
Year Built
1948
Lot
7,210 sqft
Cooling
Central Air
Heating
Central
Parking
-
Days on Market
68
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

Price history

Date
Event
Price
8/3/2026
Listed for sale
Source: Stellar MLS #A4701927
$1,300,000
$778/sqft

Neighborhood

507 Madison CT
Sarasota, FL, 34236 · 34236 - Sarasota

Market insights

Offer Insights

Choose an offer strength

List price: $1,300,000
$1.25M – $1.30M
96% – 100% of listTops out right at the list price
80% of listList price
34 of the last 67 home closings in 34236 landed at this number or higher (51%). The median one sat 81 days before it went under contract, and this one is on day 68.

Sample: 67 closed home sales in 34236 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

Talk through an offer with our team

Calculator

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.

Quick answers.

Price

$1,300,000

$778 per sq ft

Beds and baths

4 beds, 2 baths

Size

1,670 sq ft

Time on market

68 days

Year built

1948

Monthly payment

About $8,591/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $13,932 annual tax bill, insurance.

Flood zone

Zone X

That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.

Offer

What should I offer?

Have another question?

Brokered byEXP REALTY LLCListing agent: Charles Kovacs, JrListing data from Stellar MLS, MLS# A4701927.

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