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

507 MADISON CT, Sarasota, FL 34236

Two two-bedroom residences include private laundry areas and separately fenced outdoor spaces.

Property Size1,670 SF
Days on Market7

Property Features for 507 MADISON CT

General Information

Standard status Active
Size 1,670 SF
Property subtype Duplex

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2

Additional Details

Road Access Yes

Taxes and HOA fees

Annual Taxes $13,932

Amenities

private screened lanai
private putting green

Building Details

Building Size 1,670 SF
Year Built 1948
Buildings 1
Listing Agency: EXP REALTY LLC
Listed By: Charles Kovacs, Jr
Source: Daniellegladdingco
Added: Aug 6 Changed: Aug 9 Last Checked: Aug 11 at 1:07PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP REALTY LLC

Investment Insights

Based on property information with market context.

Built in 1948, this corner-lot duplex at 507 Madison Ct 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 arranged with fenced outdoor areas that provide separation between the residences, and one includes a private putting green.

Recent property updates include a roof installed in November 2024, windows added in September 2022, a full exterior repaint completed in January 2025, a remodeled bathroom, paver hardscaping, and refreshed landscaping. The property is located in Sarasota’s Laurel Park Historic District, approximately 0.5 miles from downtown Sarasota, with Burns Court, Payne Park, Sarasota Bay, Lido Key, and Siesta Key also identified in the surrounding area. The duplex may support owner occupancy with supplemental rental income, long-term rental use, or a downtown retreat.

Key Highlights

  • Two‑residence duplex with 2 bedrooms and 1 bathroom in each unit
  • New roof installed in November 2024
  • New windows installed in 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
Yes
Paved road access

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
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Frequently Asked Questions

What type of property is this?
Duplex - Two two-bedroom residences include private laundry areas and separately fenced outdoor spaces.
Where is this duplex located?
The property is located at 507 MADISON CT 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‑residence duplex with 2 bedrooms and 1 bathroom in each unit; New roof installed in November 2024; New windows installed in September 2022
More about this property
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