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$537,000
$442/sqft6% reduced
HOA: $842/moTaxes: $5,556/yr245d on market

Pelican Cove

1518 PELICAN POINT DR #257, SARASOTA, FL, 34231

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2 Beds|2 Baths|1,216 Sq Ft|Built 1976
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💡 Price recently reduced — this could be a great opportunity to negotiate.

Waterfront & Dock
Waterfront
Bay/harbor, Intracoastal Waterway
Water Frontage
200 ft
Water Body
SARASOTA BAY INTRACOASTAL
Dock
Yes
Dimensions
25
Description
Dock - Open
C2C

Coast 2 Coast Home Realty

Licensed Florida Realtors

4.9· 214 reviews

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Buyer Insights

Here's what we know about this listing.

Why this home stands out

  • Price reduced 6% ($32,000 off original)
  • 245+ days on market — seller may be motivated
  • Updated today

Buyer Insights are informational only — always verify with your agent.

Discover one of Sarasota’s most desirable waterfront condos! This stunning second-floor condo in Pelican Cove offers breathtaking views of Little Sarasota Bay. Imagine floor-to-ceiling glass sliders in the living room and main bedroom, along with electronic Hunter Douglas blinds, a new laundry area, and two refreshed bathrooms. Plus, you’ll have plenty of closet space and a separate, locked storage area in the carport, perfect for golf bags and at least two bikes. The kitchen has also been updated with contemporary cabinets, marble countertops, and stainless steel European Smeg appliances. The living areas feature beautiful travertine floor tiles, and the bedrooms have newer carpet. The condo is located west of the trail but just a few minutes away, giving you easy access to all the shopping, dining, and exploring Sarasota has to offer. About Pelican Cove: Pelican Cove employs a 30-Year Pooled Cash Flow Funding Plan. The association conducts professional reserve studies annually. Notably, the recent financial reports indicate substantial allocations to separate operating, replacement, and insurance loss funds, safeguarding owners against substantial, unforeseen special assessments. It has a lovely marina, and six heated pools, a hot tub, an exercise room, tennis and pickleball courts, and clubs. You’ll love kayaking and biking here! Pelican Cove is a tropical paradise in Sarasota, a nature lover’s dream! You’ll find beautiful and expansive walking paths on exquisite grounds. Pelican Cove is also a nature conservancy and a bird sanctuary. And the view from this condo, across Little Sarasota Bay, includes a host of bird rookery islands. You can even take classes at Pelican Cove University or in yoga, tai chi, water aerobics, painting, or photography. There are over 37 clubs for photography, fiber arts, cycling, culinary arts, bridge, film, and more. Or, simply relax at the evening jazz and classical music concerts, including those held on the harbor. Located on the lush grounds of the former Wilbanks Estate, Pelican Cove is hidden away yet just minutes from everything! Come see for yourself—this is the lifestyle you deserve! Recent updates include a new refrigerator, hot water heater, laundry closet, storm and exterior door, electrical panel, and a new kitchen window.

Subdivision
PELICAN COVE IV
County
Sarasota
Zip Code
34231
Community
Pelican Cove

School Report Card

Source: FL Dept. of Education

ABCDF
Elementary
Middle
High

Neighborhood

Map unavailable

Type
Condominium
Living Area
1,216 sqft
Construction
Frame
Roof
Shingle
Flooring
Brick, Carpet
Pool
No
HOA
$842 / Monthly
  • High Ceilings
  • Living Room/dining Room Combo
  • Open Floorplan
  • Solid Surface Counters
  • Vaulted Ceiling(s)
  • Walk-in Closet(s)
  • Window Treatments
  • Dog Run
  • Lighting
  • Sliding Doors
  • Tennis Court(s)
  • Dishwasher
  • Dryer
  • Electric Water Heater
  • Microwave
  • Range
  • Refrigerator
  • Washer
  • Laundry Closet
  • Covered
  • Enclosed
  • Rear Porch
  • Screened
  • Cleared
  • Floodzone
  • In County
  • Landscaped
  • Private
  • Bb/hs Internet Available
  • Cable Available
  • Fire Hydrant
  • Sewer Connected
  • Water Connected
  • Association Recreation - Owned
  • Buyer Approval Required
  • Community Mailbox
  • Deed Restrictions
  • Fitness Center
  • Gated Community - Guard
  • Irrigation-reclaimed Water
  • No Truck/rv/motorcycle Parking
  • Pool
  • Tennis Court(s)
  • Street Lights
  • Dock
  • Fishing
  • Intracoastal Waterway
  • Water Access
  • Waterfront
  • Clubhouse
  • Fitness Center
  • Gated
  • Maintenance
  • Pickleball Court(s)
  • Pool
  • Spa/hot Tub
  • Storage
  • Tennis Court(s)
  • Trail(s)
  • Vehicle Restrictions
  • Cable Tv
  • Common Area Taxes
  • Pool
  • Escrow Reserves Fund
  • Fidelity Bond
  • Insurance
  • Maintenance Structure
  • Maintenance Grounds
  • Maintenance
  • Management
  • Pest Control
  • Private Road
  • Recreational Facilities
  • Security
  • Sewer
  • Trash
  • Water
Bedrooms
2
Bathrooms
2
Year Built
1976
Construction
Frame
Flooring
Brick, Carpet
Roof
Shingle
Garage Spaces
0
Cooling
Central Air
Heating
Central
Waterfront
Yes
Pet Restrictions
Dogs Ok, Yes
Lot Size
1.62 acres
Senior Community
No
Building Elevator
No
Pet Size
Large (61-100 Lbs.)
# of Pets
2
Max Pet Weight
100 lbs
Tax Year
2024
Annual Tax Amount
$5,556

Association Fees

  • HOA Fee

    Cindy

    $842/ Monthly

Down Payment20% — $107,400
Interest Rate6.50%
Loan Term
Est. Mortgage
$2,715
HOA Fee
$842
Est. Property Tax
$463
Est. Insurance
$179
Total Est. Monthly Cost$4,199

* Estimates are for illustration purposes only and do not constitute an offer of financial advice. Actual rates, payments, insurance, and taxes will vary based on credit, location, and other factors. Contact a licensed mortgage professional for a personalized quote. Homeowners insurance estimate based on Florida averages.

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