155 MAGNOLIA Avenue Location, location, location! This beautifully updated corner-lot home offers views of Lemon Bay and the perfect blend of Old Florida charm and coastal living. New Roof (April 2026), Newer A/C, Newer Electrical Panel, Newer Hot Water Heater, and a Newer Storage Shed. Inside, you'll find tongue-and-groove wood ceilings throughout, an open-concept floor plan, an updated kitchen with granite countertops, newer lighting and ceiling fans, a separate dining room, and a utility/laundry room. The expansive covered and screened lanai seamlessly extends the living space, creating the ideal setting for entertaining or simply enjoying the coastal breezes. Set on a spacious corner lot, the property features two separate driveways providing access from both the front and rear-ideal for guests, extra vehicles, or recreational toys. The covered lanai can be converted back to a covered carport with ease. Situated just a short stroll from Indian Mound Park, you'll have convenient access to Lemon Bay and the Intracoastal Waterway for boating, fishing, kayaking, paddleboarding, walking, and waterfront picnics. Historic Dearborn Street is only three blocks away, offering boutique shopping, local restaurants, parks, live entertainment, and the popular weekly farmers market. Whether you're looking for a full-time residence, seasonal getaway, or investment property, this move-in-ready home combines modern updates, timeless coastal character, and an unbeatable location just moments from the water. With the extensive amount of upgrades, the "effective age" listed with the Sarasota County Appraiser is much newer than the actual age. This home is a great value with all that it offers. Rental History also available.