$484,700
1511 Pelican Point Drive
Sarasota, FL 34231
Listing updated: May 4, 2026 at 11:15 AM ET
Listing courtesy of Deluca Realty Inc · Anthony DeLuca · MLS #A4679440 · Active · 941-487-7162Property type
Year built
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Get to this condo before it’s gone! Stunning views from the main bedroom, lanai and an outside deck. It’s like your sitting out on the water! Just fabulous views. Plus you get to see pelicans fishing * fish jumping * dolphins swimming. Your new 2 bedroom/2bath condo is on the first floor. New vinyl flooring, freshly painted and comes furnished! 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 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.
Local Insight
At $354/sqft, this 1978 condo is priced competitively for Sarasota, but you're looking at an older unit with a substantial $842 monthly HOA fee that should factor heavily into your true cost of ownership. The AE flood zone designation is a serious consideration—you'll need flood insurance, which typically runs $1,000+ annually and could affect resale appeal, so get quotes before committing. Location-wise, Pelican Cove is solid if you want that established waterfront feel, but the age of the building combined with the flood zone risk means inspecting the structural integrity and reviewing the reserve fund study should be non-negotiable.
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 history56 days on market
- Status: ActiveMar 9, 2026
- Listed$499,800Mar 9, 2026
- Price reduced$484,700
Facts & features
- Property type
- Residential
- Sub type
- Condominium
- Status
- Active
- Days on market
- 56
- Subdivision
- Pelican Cove Vii
- County
- Sarasota
- Year built
- 1978
- Living area
- 1,368 sq ft
- Price/sq ft
- $354
- Building area
- 1,718 sq ft (Public Records)
- Lot size
- 0 sq ft
- Flood zone
- AE
- Annual taxes
- $4,791 (2025)
- Parcel #
- 0126112016
- Zoning
- RMF3
- MLS #
- A4679440
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Interior Details
- Bedrooms
- 2
- Full bathrooms
- 2
- Flooring
- Laminate
- Appliances
- Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
- Interior features
- Living Room/Dining Room Combo, Primary Bedroom Main Floor
- Laundry
- Inside
- Stories / Levels
- One
- Direction faces
- Northwest
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 Webster
- CDD
- No
- Min lease term
- 2 Months
- Listing terms
- Cash, Conventional
- Ownership
- Condominium
- Available for lease
- Yes
- Lease restrictions
- Yes
- Additional lease restrictions
- Tenants not allowed pets
- Approval process
- Application required
Exterior & Construction
- Exterior features
- Lighting, Outdoor Shower, Rain Gutters, Storage, 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, Electricity Connected, Sewer Connected
Community
- Pets allowed
- Yes
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Primary Bedroom | First | 15x12 |
| Bedroom 2 | First | 11x10 |
| Dining Room | First | 11x13 |
| Kitchen | First | 14x9 |
| Living Room | First | 20x14 |
| Balcony/Porch/Lanai | First | 8x23 |
Listing Details
- Listing date
- 2026-03-07
- On market date
- 2026-03-09
- Original list price
- $499,800
- Occupant type
- Vacant
- MLS area
- 34231 - Sarasota/Gulf Gate Branch
- Listing AOR
- Sarasota - Manatee
- Status changed
- 2026-03-09
- Tax legal description
- UNIT 180 BLDG 9 PELICAN COVE SEC 7
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
From US41, 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 11:15 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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