7430 Cove Terrace, FL7430 Cove Terrace, FL7430 Cove Terrace, FL
Stellar MLS
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$1,975,000

7430 Cove Terrace

Sarasota, FL 34231

Listing updated: May 15, 2026 at 11:41 AM ET

Active
Stellar MLSListing courtesy of Coldwell Banker Realty · Ryan Ackerman, PA · MLS #A4676485 · Active · 941-383-6411
3
Beds
4
Baths
4,200
Sq Ft
0.41
Acres
1956
Built
WaterfrontWater accessPrivate poolFireplace$470/sqft
Single Family Residence

Property type

1956

Year built

17,909 sqft

Lot size

$470

Price / sq ft

No HOA

HOA dues

119

Days on market

2

Garage spaces

X

Flood zone

About this home

Nestled within the secure, mainland West-of-Trail enclave of Coral Cove, this elevated 2-story waterfront residence offers refined coastal living on a generous 17,000+ square-foot canal-front homesite with direct access to the Intracoastal Waterway. Positioned in an X flood zone and exhibiting exceptional resilience, the property sustained no storm impact and features a standing-seam metal roof, mature landscaping, and a well servicing the irrigation system. A brick-paver circular drive introduces a striking double-door entrance, opening to a light-filled interior defined by soaring volume ceilings, clerestory windows, and an airy, sun-washed ambiance. The welcoming foyer flows into a spacious living and dining composition designed for both intimate and large gatherings. At the heart of the home, the centrally placed kitchen features expansive sightlines, abundant cabinetry, and a seamless aquarium-glass breakfast retreat overlooking tranquil water vistas. Adjacent, a large 21x24 family room with bar, wine refrigerator, sink and fireplace extends effortlessly outdoors, creating a harmonious connection between interior comfort and open-air relaxation. The main living level has a second main bedroom plus 2 guest rooms. One bedroom is currently designed as a study. A stairway ascends to an open gallery walkway leading to an extraordinary 25x18 owner’s sanctuary. This upper-level retreat showcases a spa-inspired bath, custom-tailored walk-in wardrobe, plus a dedicated exercise studio or nursery. Enjoy private access to an upper sun deck overlooking the water. Outdoor living is truly exceptional, with an expansive entertainment environment featuring a swim-spa, screened lounging deck, additional open-air terrace, and fully fenced backyard ideal for pets or play. The Trex dock is engineered to accommodate a large boat, offering easy access to the bay and beyond. Coral Cove residents enjoy exclusive use of a private two-acre waterfront park and community boat ramp, fostering a close-knit, serene atmosphere. Peaceful surroundings pair beautifully with remarkable convenience to shopping, dining, and cultural attractions, while the powder-white sands of Siesta Key Beach—ranked the nation’s finest—are just minutes away. A rare blend of security, scale, natural light, and waterfront sophistication, this Coral Cove offering delivers an elevated coastal lifestyle without compromise.

Local Insight

At $470/sqft for a 1956 waterfront home in Coral Cove, you're paying a significant premium for bay access and the pool, but you're also inheriting a 68-year-old structure that will likely need major systems work—foundation, roof, plumbing, and electrical should all be evaluated closely before committing. The X flood zone is a major plus for financing and insurance, and the lack of HOA fees helps offset what will probably be higher maintenance costs on an older bayfront property. Location-wise, you're getting direct water access without the density of newer developments, but factor in that Sarasota waterfront homes this age often need $50K–$150K in deferred maintenance over the first few years.

AI-generated insight based on listing data and neighborhood context. Verify independently.

Estimated monthly payment

Principal & interest$9,987
Property taxes$946
Home insurance (est.)$905

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 history119 days on market

  1. Status: Active
    Jan 16, 2026
  2. Listed$2,595,000
    Jan 16, 2026
  3. Price reduced$1,975,000

Facts & features

Property type
Residential
Sub type
Single Family Residence
Status
Active
Days on market
119
Subdivision
Coral Cove
County
Sarasota
Year built
1956
Living area
4,200 sq ft
Price/sq ft
$470
Building area
5,242 sq ft (Public Records)
Lot size
17,909 sq ft
Lot category
1/4 to less than 1/2
Flood zone
X (12115C0207G)
Garage
2 spaces
Pool
Private pool
Annual taxes
$11,347 (2025)
Parcel #
0110080006
Zoning
RSF1
MLS #
A4676485

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Interior Details

Bedrooms
3
Full bathrooms
3
Half bathrooms
1
Flooring
Carpet, Ceramic Tile
Appliances
Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer, Wine Refrigerator
Interior features
Built-in Features, High Ceilings, Solid Wood Cabinets, Stone Counters, Walk-In Closet(s), Wet Bar, Window Treatments
Laundry
Electric Dryer Hookup, Inside, Laundry Room, Washer Hookup
Stories / Levels
Two
Direction faces
East
Fireplace
Yes

Heating & Cooling

Heating
Central, Electric, Zoned
Cooling
Central Air, Zoned

Parking

Garage spaces
2
Attached garage
Yes
Parking features
Circular Driveway, Driveway, Garage Door Opener, Ground Level, Open

HOA & Financial

Total monthly fees
$0/mo
Total annual fees
$0
CDD
No
Homestead exemption
Yes
Min lease term
No Minimum
Listing terms
Cash, Conventional
Ownership
Fee Simple
Available for lease
Yes
Lease restrictions
No

Exterior & Construction

Exterior features
Balcony, Lighting, Private Mailbox, Sliding Doors
Construction materials
Stucco
Roof
Metal
Foundation
Slab
Pool
Private pool
Waterfront
Yes
Water access
Yes
Water view
Yes
Road surface
Paved

Utilities

Sewer
Public Sewer
Water source
Public, Well
Utilities
Cable Available, Electricity Available, Public, Sewer Available, Sprinkler Well, Water Available

Community

Pets allowed
Cats OK, Dogs OK, Yes

Room Details

RoomLevelDimensions
Living RoomFirst17x18
Family RoomFirst21x24
KitchenFirst13x14
DinetteFirst15x13
Dining RoomFirst12x21
Primary Bedroom 2First16x18
Bedroom 3First14x13
Primary BedroomSecond25x18
Bonus RoomSecond15x13
Bedroom 4First13x12

Listing Details

Listing date
2026-01-16
On market date
2026-01-16
Original list price
$2,595,000
Occupant type
Owner
MLS area
34231 - Sarasota/Gulf Gate Branch
Listing AOR
Sarasota - Manatee
Status changed
2026-01-16
Tax legal description
LOT 4 AS DESCR IN DEED BOOK 375 PG 128 BLK F CORAL COVE UNIT 1

Flood risk

Minimal riskFEMA Zone XPanel 12115C0207G

Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.

Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.

Location

Directions

US 41 / S Tamiami Trail to West on Caribbean Dr. then Left on Cove Terrace and 7430 will be on the Right.

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MLS GRID

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 15, 2026 at 11:41 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.

All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.

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