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$465,000

1511 Pelican Point Drive

Sarasota, FL 34231

Listing updated: May 21, 2026 at 12:57 PM ET

Active

Listing courtesy of List Now Realty, Llc · Matt Buttner · MLS #G5107221 · Active · 352-385-7636

Beds

Baths

1,368

Sq Ft

1978

Built

◆Waterfront◆Water access◆$340/sqft◆360° tour

Condominium

Property type

1978

Year built

$340

Price / sq ft

$842/mo

HOA dues

113

Days on market

Flood zone

About this home

Wake up to exquisite, unobstructed full bay views from this exceptional condo, set within a beautifully wooded community known for its cultural, athletic, artistic, and intellectual vibrancy. After being impacted by a tornado during Hurricane Milton, the property has since been thoughtfully rebuilt with resilience and longevity in mind. Major structural upgrades include hurricane-rated sliding doors, a secure three-point roof system, newly constructed walls, new luxury vinyl floors in all rooms, a brand-new AC unit, and recessed lighting. The property is move-in ready, providing peace of mind and a solid foundation for years to come. Enjoy breathtaking water views and an inspiring, engaged community. Photos of the unit, furnished and prior to its current renovation, are available upon request.

Estimated monthly payment

Principal & interest$2,351

Property taxes$222

Home insurance (est.)$213

HOA dues$842

Down payment

20%

$93,000 downRate

6.5%

Term

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 history113 days on market

Status: Active
Jan 28, 2026
Listed$490,000
Jan 28, 2026
Price reduced$465,000

Facts & features

Property type: Residential
Sub type: Condominium
Status: Active
Days on market: 113
Subdivision: Pelican Cove Vii
County: Sarasota
Year built: 1978
Living area: 1,368 sq ft
Price/sq ft: $340
Building area: 1,606 sq ft (Public Records)
Flood zone: AE (12115C0207G)
Annual taxes: $2,665 (2025)
Parcel #: 0126112025
Zoning: RMF3
MLS #: G5107221

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Interior Details

Bedrooms: 2
Full bathrooms: 2
Flooring: Ceramic Tile, Concrete, Luxury Vinyl
Appliances: Dishwasher, Disposal, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator
Interior features: Built-in Features, Cathedral Ceiling(s), Ceiling Fans(s), High Ceilings, Living Room/Dining Room Combo, Open Floorplan
Laundry: Electric Dryer Hookup, Inside, Washer Hookup
Stories / Levels: One
Direction faces: Northwest

Heating & Cooling

Heating: Central, Electric
Cooling: Central Air

Parking

Parking features: Assigned, Covered
Carport: Yes

HOA & Financial

HOA fee: $842 / Monthly
Monthly HOA: $842/mo
Total monthly fees: $842/mo
Total annual fees: $10,104
HOA name: Jack Stevens, Pelican Cove Condominium Association
CDD: No
Min lease term: 2 Months
Listing terms: Cash, Conventional, Owner Financing
Ownership: Condominium
Available for lease: Yes
Lease restrictions: Yes
Additional lease restrictions: 2-month minimum rental period.
Approval process: One-page application and small application fee.

Exterior & Construction

Exterior features: Balcony, French Doors, Hurricane Shutters, Sliding Doors, Storage
Construction materials: Stucco
Roof: Shingle
Foundation: Slab
Waterfront: Yes
Water access: Yes
Water view: Yes
Road surface: Asphalt, Paved

Utilities

Sewer: Private Sewer
Water source: Public
Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Fire Hydrant, Sewer Connected, Underground Utilities, Water Connected

Community

Pets allowed: Cats OK, Dogs OK, Yes

Schools

ElementaryGulf Gate ElementaryGreatSchools ↗

MiddleBrookside MiddleGreatSchools ↗

High SchoolRiverview HighGreatSchools ↗

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
Kitchen	First	16x11
Living Room	First
Primary Bedroom	First

Listing Details

Listing date: 2026-01-27
On market date: 2026-01-28
Original list price: $490,000
Occupant type: Vacant
MLS area: 34231 - Sarasota/Gulf Gate Branch
Listing AOR: Lake and Sumter
Status changed: 2026-01-28
Tax legal description: UNIT 280 BLDG 9 PELICAN COVE SEC 7

Flood risk

High riskFEMA Zone AEPanel 12115C0207G

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

Going South on Tamiami Trail, turn right at Beneva intersection (Vamo Rd.) and then take first right into Pelican Cove.

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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 21, 2026 at 12:57 PM 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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