$537,000
1518 Pelican Point Drive
Sarasota, FL 34231
Listing updated: May 8, 2026 at 10:23 AM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Discover one of Sarasota’s most desirable waterfront condos! It’s in great shape, with no hurricane damage. 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. You’ll also find a new A/C system and a new hot water tank. This special home 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: It’s a lovely marina with 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.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history171 days on market
- Status: ActiveNov 18, 2025
- Listed$569,000Nov 18, 2025
- Price reduced$537,000
Facts & features
- Property type
- Residential
- Sub type
- Condominium
- Status
- Active
- Days on market
- 171
- Subdivision
- Pelican Cove Iv
- County
- Sarasota
- Year built
- 1976
- Living area
- 1,216 sq ft
- Price/sq ft
- $442
- Building area
- 1,490 sq ft (Public Records)
- Lot size
- 70,378 sq ft
- Flood zone
- AE
- Annual taxes
- $5,556 (2024)
- Parcel #
- 0126102019
- Zoning
- RMF3
- MLS #
- A4671837
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Interior Details
- Bedrooms
- 2
- Full bathrooms
- 2
- Flooring
- Brick, Carpet
- Appliances
- Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
- Interior features
- High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
- Laundry
- Laundry Closet
- Stories / Levels
- One
- Direction faces
- Southeast
Heating & Cooling
- Heating
- Central
- Cooling
- Central Air
Parking
- Parking features
- Assigned, Covered, Guest
- Carport
- Yes
HOA & Financial
- HOA fee
- $842 / Monthly
- Monthly HOA
- $842/mo
- Total monthly fees
- $842/mo
- Total annual fees
- $10,104
- HOA name
- Cindy
- CDD
- No
- Min lease term
- 2 Months
- Listing terms
- Cash, Conventional
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- Yes
- Additional lease restrictions
- See community docs. Tenants no pets
- Approval process
- Application and approval
Exterior & Construction
- Exterior features
- Dog Run, Lighting, Sliding Doors, Tennis Court(s)
- Construction materials
- Frame
- Roof
- Shingle
- Foundation
- Slab
- Waterfront
- Yes
- Water access
- Yes
- Water view
- Yes
- Road surface
- Asphalt
Utilities
- Sewer
- Public Sewer
- Water source
- Public, Well
- Utilities
- BB/HS Internet Available, Cable Available, Fire Hydrant, Sewer Connected, Water Connected
Community
- Pets allowed
- Dogs OK, Yes
Schools
Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Foyer | Second | 4x11 |
| Living Room | Second | 14x21 |
| Dining Room | Second | 11x13 |
| Kitchen | Second | 9x14 |
| Primary Bedroom | Second | 12x15 |
| Primary Bathroom | Second | 6x9 |
| Bedroom 2 | Second | 11x12 |
| Bathroom 2 | Second | 6x9 |
| Balcony/Porch/Lanai | Second | 8x26 |
Listing Details
- Listing date
- 2025-11-18
- On market date
- 2025-11-18
- Original list price
- $569,000
- Occupant type
- Vacant
- MLS area
- 34231 - Sarasota/Gulf Gate Branch
- Listing AOR
- Sarasota - Manatee
- Status changed
- 2025-11-18
- Tax legal description
- UNIT 257 BLDG 6 PELICAN COVE IV
Flood risk
FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
West on Vamo Rd, right into Pelican Cove. Continue straight until right at Pelican Point Dr. Building on left.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of May 8, 2026 at 10:23 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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