$384,500
1518 Pelican Point Drive
Sarasota, FL 34231
Listing updated: May 4, 2026 at 11:18 AM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Pelican Cove is a waterfront community located in South Sarasota. Your new condo is a first floor 2 bedroom 2 bathrooms, with a million dollar view. This is the perfect condominium to make it yours... design it the way you want. Priced right to sell! This will go quickly! Pelican Cove is a 75-acre, gated, vibrant-waterfront community nestled among manicured tropical foliage. Truly offering something for everyone. Abundant amenities include the 86-slip boat harbor with excellent rates & a launch dock for kayaks and canoes, 6 heated swimming pools, hot-tub, 3 clubhouses, lighted tennis/pickleball courts, basketball, dog walk area, walking trails and boardwalks, as well as fishing gazebos, water exercise classes, exercise facility, 2 art studios and a pottery classroom. Take classes at Pelican Cove University or join one of the more than 37 clubs/groups for photography, fiber art, bike riding, culinary arts and card clubs. Woodworking, sculpting, and evening jazz & classical music concerts round out the active lifestyle. Come and see what you have been waiting for.
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 history96 days on market
- Status: ActiveJan 29, 2026
- Listed$439,800Jan 28, 2026
- Price reduced$384,500
Facts & features
- Property type
- Residential
- Sub type
- Condominium
- Status
- Active
- Days on market
- 96
- Subdivision
- Pelican Cove Iv
- County
- Sarasota
- Year built
- 1976
- Living area
- 1,216 sq ft
- Price/sq ft
- $316
- Building area
- 1,490 sq ft (Public Records)
- Lot size
- 70,378 sq ft
- Flood zone
- AE
- Annual taxes
- $4,252 (2025)
- Parcel #
- 0126102007
- Zoning
- RMF3
- MLS #
- A4678486
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Interior Details
- Bedrooms
- 2
- Full bathrooms
- 2
- Flooring
- 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
- Inside
- Stories / Levels
- One
- Direction faces
- Southeast
Heating & Cooling
- Heating
- Central
- Cooling
- Central Air
Parking
- 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
- Condominium
- Available for lease
- Yes
- Lease restrictions
- Yes
- Additional lease restrictions
- Tenants are not allowed pets
- Approval process
- Application
Exterior & Construction
- Exterior features
- Dog Run, Lighting, Sliding Doors, Tennis Court(s)
- Construction materials
- Frame
- Roof
- Shingle
- Foundation
- Slab
- Road surface
- Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- BB/HS Internet Available, Cable Available, Fire Hydrant, Sewer Connected, Water Connected
Community
- Pets allowed
- Cats OK, Dogs OK
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Living Room | First | 14x21 |
| Dining Room | First | 11x13 |
| Kitchen | First | 9x14 |
| Primary Bedroom | First | 12x15 |
| Bedroom 2 | First | 11x12 |
| Balcony/Porch/Lanai | First | 8x26 |
Listing Details
- Listing date
- 2026-01-25
- On market date
- 2026-01-28
- Original list price
- $439,800
- Occupant type
- Vacant
- MLS area
- 34231 - Sarasota/Gulf Gate Branch
- Listing AOR
- Sarasota - Manatee
- Status changed
- 2026-01-29
- Tax legal description
- UNIT 156 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
US41 to West on Vamo. Pelican Cove is on your right.
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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 4, 2026 at 11:18 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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