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.
For sale
$1,300,000
507 MADISON COURT, SARASOTA, FL 34236
4beds
2baths
1,670sqft
Duplex, Multi Family
Built in 1948
-- sqft lot
$1,204,700 Zestimate®
$778/sqft
$-- HOA
What's special
Corner-lot duplexPrivate putting greenSet beneath mature treesDedicated laundry areaRemodeled bathroomRefreshed landscapingCustom paver hardscaping
- 33 days
- 177
- 13
Zillow last checked:
Listing updated:
Listed by:
Charles Kovacs, Jr 888-883-8509,
EXP REALTY LLC 888-883-8509
Source: Stellar MLS,MLS#: A4701927
Originating MLS: Sarasota - Manatee

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Central
Cooling
- Central Air
Appliances
- Laundry: Other, Outside
Features
- None
- Flooring: Tile
- Has fireplace: No
Interior area
- Total interior livable area: 1,670 sqft
Property
Parking
- Total spaces: 1
- Parking features: Carport
- Carport spaces: 1
Features
- Exterior features: Private Yard
- Fencing: Fenced
Lot
- Size: 7,210 Square Feet
- Features: Corner Lot
Details
- Parcel number: 2027090069
- Zoning: RSM9
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
Materials
- Block, Concrete, Other, Stucco, Wood Frame
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1948
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public
Community & HOA
Community
- Pet fee: $0 monthly
- Subdivision: OWEN BURNS
HOA
- Has HOA: No
Location
- Region: Sarasota
Financial & listing details
- Price per square foot: $778/sqft
- Tax assessed value: $937,900
- Annual tax amount: $13,932
- Date on market: 8/6/2026
- Cumulative days on market: 30 days
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Total actual rent: 0
- Road surface type: Asphalt
Estimated market value
$1,204,700
$1.14M - $1.26M
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/6/2026 | Listed for sale | $1,300,000+53.1%$778/sqft |
Source: | ||
| 8/30/2022 | Sold | $849,000$508/sqft |
Source: Public Record Report a problem | ||
| 7/7/2022 | Pending sale | $849,000$508/sqft |
Source: | ||
| 6/30/2022 | Listed for sale | $849,000+42.7%$508/sqft |
Source: | ||
| 3/31/2021 | Sold | $595,000-4.8%$356/sqft |
Source: Stellar MLS #A4479299 Report a problem | ||
| 2/23/2021 | Pending sale | $624,950$374/sqft |
Source: COLDWELL BANKER REALTY #A4479299 Report a problem | ||
| 2/23/2021 | Listed for sale | $624,950$374/sqft |
Source: COLDWELL BANKER REALTY #A4479299 Report a problem | ||
| 2/23/2021 | Pending sale | $624,950$374/sqft |
Source: | ||
| 9/28/2020 | Listed for sale | $624,950+32.1%$374/sqft |
Source: COLDWELL BANKER REALTY #A4479299 Report a problem | ||
| 2/16/2018 | Sold | $473,000-19.1%$283/sqft |
Source: Stellar MLS #A4210743 Report a problem | ||
| 6/16/2017 | Listing removed | $585,000$350/sqft |
Source: Coldwell Banker Residential Real Estate - Sarasota Downtown #A4181857 Report a problem | ||
| 5/11/2017 | Price change | $585,000-2.3%$350/sqft |
Source: Premier Sotheby's International Realty #A4181409 Report a problem | ||
| 4/3/2017 | Price change | $599,000-3.2%$359/sqft |
Source: Premier Sotheby's International Realty #A4181409 Report a problem | ||
| 3/23/2017 | Listed for sale | $619,000+173.3%$371/sqft |
Source: Premier Sotheby's International Realty #A4181857 Report a problem | ||
| 5/28/2009 | Sold | $226,500-21.9%$136/sqft |
Source: Stellar MLS #A3902535 Report a problem | ||
| 3/24/2009 | Listed for sale | $290,000+17.6%$174/sqft |
Source: Listhub #A387831 Report a problem | ||
| 3/28/2002 | Sold | $246,500$148/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,932 +14.2% | $886,644 +10% |
| 2024 | $12,205 +12.6% | $806,040 +13% |
| 2023 | $10,844 +26.1% | $713,400 +27.9% |
| 2022 | $8,600 +19.1% | $557,800 +29.3% |
| 2021 | $7,223 +11.1% | $431,530 +10% |
| 2020 | $6,503 -1.2% | $392,300 -1.5% |
| 2019 | $6,583 | $398,400 +6.3% |
| 2018 | $6,583 +5.8% | $374,700 +1.4% |
| 2017 | $6,223 +31.6% | $369,400 +7.6% |
| 2016 | $4,728 | $343,400 +25.3% |
| 2015 | $4,728 -1.8% | $274,000 +26.8% |
| 2014 | $4,814 +9.2% | $216,150 |
| 2013 | $4,407 +24.5% | $216,150 +10% |
| 2012 | $3,539 +5.4% | $196,500 +4.4% |
| 2011 | $3,356 -10.5% | $188,200 -9.5% |
| 2010 | $3,751 -12.1% | $207,900 -1.9% |
| 2009 | $4,266 | $211,900 -26.7% |
| 2008 | $4,266 -14.5% | $288,918 -9.4% |
| 2007 | $4,992 | $318,913 +1.6% |
| 2006 | -- | $313,972 +18.6% |
| 2005 | -- | $264,698 +16.2% |
| 2004 | $3,923 -14.6% | $227,800 -2.1% |
| 2003 | $4,594 +105.4% | $232,600 +84.9% |
| 2002 | $2,236 +14.7% | $125,810 +9.3% |
| 2001 | $1,949 +8.2% | $115,118 +6.4% |
| 2000 | $1,801 | $108,164 |
Find assessor info on the county website
Monthly payment
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