$1,975,000
7430 Cove Terrace
Sarasota, FL 34231
Listing updated: May 15, 2026 at 11:41 AM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Garage spaces
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
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
- Status: ActiveJan 16, 2026
- Listed$2,595,000Jan 16, 2026
- 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
| Room | Level | Dimensions |
|---|---|---|
| Living Room | First | 17x18 |
| Family Room | First | 21x24 |
| Kitchen | First | 13x14 |
| Dinette | First | 15x13 |
| Dining Room | First | 12x21 |
| Primary Bedroom 2 | First | 16x18 |
| Bedroom 3 | First | 14x13 |
| Primary Bedroom | Second | 25x18 |
| Bonus Room | Second | 15x13 |
| Bedroom 4 | First | 13x12 |
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-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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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.
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