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Duplex with Screened Lanais
For Sale
$1,300,000

507 MADISON Court, Sarasota, FL 34236

MULTI_FAMILY - SARASOTA, FL

Property Size1,670 SF
Lot Size0.17 Acres
Price / SF$778.44
Days on Market10

Property Features for 507 MADISON Court

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning RSM9
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 3
Interior features Ninguno
Exterior features Fence, Private Yard
Fencing Fenced
Subdivision OWEN BURNS
Lot features Corner Lot
Directions South on Osprey from Ringling, east on Laurel, south on Madison, duplex is located on the corner of Madison and Laurel.
Standard status Active
APN 2027090069
Size 1,670 SF
Lot size 0.17 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description LOTS 8 9 10 & N 1/2 LOT 11 OWEN BURNS SUB RESUB OF LOTS 17 19 21 & 23 SUB OF LOT 15 BLK G POS
Tax Annual Amount 13932
Legal Description LOTS 8 9 10 & N 1/2 LOT 11 OWEN BURNS SUB RESUB OF LOTS 17 19 21 & 23 SUB OF LOT 15 BLK G POS

Utilities

Sewer type Public Sewer
Heating system Central
Cooling system Central Air
Water source Public

Amenities

screened lanai
fully fenced outdoor spaces
private putting green

Building Details

Year built 1948
Flooring type Tile
Building materials Block, Concrete, Stucco, Frame
Roof type Shingle
Listing Agency: EXP REALTY LLC
Listed By: Charles Kovacs, Jr
Added: Aug 3 Changed: Aug 7 Last Checked: Aug 12 at 8:06AM
MLS# A4701927

Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1,670-square-foot duplex includes two residences, each with 2 bedrooms, 1 bathroom, a full kitchen, spacious living areas, dedicated laundry space, and a private screened lanai. The units are separated by fully fenced outdoor areas, and one residence includes a private putting green. Tile flooring, central heating, central air, public water, and public sewer are provided. The property was built in 1948 and has block, concrete, stucco, and frame construction with a shingle roof.

Recent work includes a roof replacement in November 2024, new windows installed in September 2022, a full exterior repaint completed in January 2025, a remodeled bathroom, paver hardscaping, and refreshed landscaping. The 0.17-acre corner lot is located at 507 Madison Court in Sarasota's Laurel Park Historic District, approximately 0.5 miles from downtown Sarasota. Burns Court, Payne Park, Sarasota Bay, Lido Key, and Siesta Key are also identified in the surrounding area.

Key Highlights

  • Two residences, each with 2 bedrooms, 1 bathroom, full kitchen, laundry area, and screened lanai
  • 1,670 square feet on a 0.17‑acre corner lot
  • New roof installed November 2024; windows replaced September 2022

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Butcher (Bike/Boat/Book/etc) Store Clothing & Fashion Store Locksmith Veterinary Clinic Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

5,982
Businesses Nearby

Demographics for 34236, FL

14,083
Population
11,661
Households
1.2
Avg Household Size
66
Median Age
62%
College-Educated
96%
High-School Grad
3.6 sq mi
ZIP Area
3,912
Density / Sq Mi
$96,400
Median Household Income
$48,828
Median Earnings
$2,010
Median Rent
$917,100
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two-bedroom residences offer private outdoor areas, fenced separation, and convenient access to downtown Sarasota.
Where is this duplex located?
The property is located at 507 MADISON Court Sarasota, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms, 1 bathroom, full kitchen, laundry area, and screened lanai; 1,670 square feet on a 0.17‑acre corner lot; New roof installed November 2024; windows replaced September 2022
More about this property
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