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For sale
  • $1,300,000

    507 MADISON COURT, SARASOTA, FL 34236

    4beds
    2baths
    1,670sqft
    : 
    $8,099/mo
    Get pre-qualified
    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
    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.
    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#: A4701927MLS LogoOriginating 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

        DateEventPrice
        8/6/2026Listed for sale$1,300,000+53.1%$778/sqft
        Source: Stellar MLS #A4701927 Report a problem
        8/30/2022Sold$849,000$508/sqft
        Source: Public Record Report a problem
        7/7/2022Pending sale$849,000$508/sqft
        Source: Stellar MLS #A4540718 Report a problem
        6/30/2022Listed for sale$849,000+42.7%$508/sqft
        Source: Stellar MLS #A4540718 Report a problem
        3/31/2021Sold$595,000-4.8%$356/sqft
        Source: Stellar MLS #A4479299 Report a problem
        2/23/2021Pending sale$624,950$374/sqft
        Source: COLDWELL BANKER REALTY #A4479299 Report a problem
        2/23/2021Listed for sale$624,950$374/sqft
        Source: COLDWELL BANKER REALTY #A4479299 Report a problem
        2/23/2021Pending sale$624,950$374/sqft
        Source: Stellar MLS #A4479299 Report a problem
        9/28/2020Listed for sale$624,950+32.1%$374/sqft
        Source: COLDWELL BANKER REALTY #A4479299 Report a problem
        2/16/2018Sold$473,000-19.1%$283/sqft
        Source: Stellar MLS #A4210743 Report a problem
        6/16/2017Listing removed$585,000$350/sqft
        Source: Coldwell Banker Residential Real Estate - Sarasota Downtown #A4181857 Report a problem
        5/11/2017Price change$585,000-2.3%$350/sqft
        Source: Premier Sotheby's International Realty #A4181409 Report a problem
        4/3/2017Price change$599,000-3.2%$359/sqft
        Source: Premier Sotheby's International Realty #A4181409 Report a problem
        3/23/2017Listed for sale$619,000+173.3%$371/sqft
        Source: Premier Sotheby's International Realty #A4181857 Report a problem
        5/28/2009Sold$226,500-21.9%$136/sqft
        Source: Stellar MLS #A3902535 Report a problem
        3/24/2009Listed for sale$290,000+17.6%$174/sqft
        Source: Listhub #A387831 Report a problem
        3/28/2002Sold$246,500$148/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax 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

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        Payment breakdown

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        Climate risks

        Neighborhood: Laurel Park

        Getting around

        87 / 100
        Very Walkable
        44 / 100
        Some Transit
        70 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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