$649,000
5531 Cannes Circle
Sarasota, FL 34231
Listing updated: May 9, 2026 at 4:06 PM ET
Listing courtesy of Albert Wooster & Company · Albert Wooster · MLS #A4685329 · Active · 941-350-1220Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Garage space
Flood zone
About this home
Luxury living with spectacular sunset waterfront views in the gated community of Phillippi Landings, offering boating access and a prime Sarasota location just minutes from Siesta Key Beach and downtown. This sixth-floor residence overlooks Phillippi Creek with glimpses of the Intracoastal Waterway and a peek of the Gulf from the private screened balcony. The 2-bedroom, 2-bath plus den floor plan features 10-foot ceilings, crown molding, and numerous upgrades including a newer A/C system, LG refrigerator, LG washer and dryer, KitchenAid dishwasher, Lumens ceiling fans, and upgraded lighting. The kitchen offers granite countertops, wood cabinetry, and stainless steel appliances, opening to the living area and screened balcony through 8-foot sliding doors for seamless indoor-outdoor living for relaxing or entertaining. The primary suite features wood flooring, two walk-in closets, and a spacious bath with dual vanities, garden tub, and walk-in shower. Residents enjoy resort-style amenities including a heated waterfront pool and spa, fitness center, clubhouse, kayak launch, dog park, and scenic boardwalk. High-end turnkey furnishings option available.
Local Insight
At $380/sqft for a 2006 waterfront condo with water access in Phillippi Landings, you're looking at solid value compared to typical Sarasota waterfront, though you'll want to scrutinize the building's condition and reserve fund since it's nearly 20 years old and no HOA details are listed. The X flood zone is a major plus for insurance and financing, but confirm what "water access" actually means—whether you get a boat slip, dock rights, or just proximity—because that significantly affects the waterfront appeal and resale value. Location-wise, you're in a quieter residential pocket away from downtown Sarasota's activity, which is ideal if you want peace but limiting if walkability and dining matter to you.
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 history63 days on market
- Status: ActiveMar 8, 2026
- Listed$649,000Mar 7, 2026
- Price increased$649,000
Facts & features
- Property type
- Residential
- Sub type
- Condominium
- Status
- Active
- Days on market
- 63
- Subdivision
- Phillippi Landings
- County
- Sarasota
- Year built
- 2006
- Living area
- 1,706 sq ft
- Price/sq ft
- $380
- Building area
- 1,910 sq ft (Public Records)
- Lot size
- 20,134 sq ft
- Flood zone
- x
- Garage
- 1 spaces
- Annual taxes
- $6,519 (2025)
- Parcel #
- 0084082027
- Zoning
- RMF4
- MLS #
- A4685329
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Interior Details
- Bedrooms
- 2
- Full bathrooms
- 2
- Flooring
- Carpet, Ceramic Tile, Hardwood
- Appliances
- Dishwasher, Disposal, Dryer, Microwave, Range, Range Hood, Refrigerator, Washer
- Interior features
- Accessibility Features, Crown Molding
- Laundry
- Inside
- Stories / Levels
- One
- Direction faces
- North
Heating & Cooling
- Heating
- Central
- Cooling
- Central Air
Parking
- Garage spaces
- 1
- Attached garage
- Yes
- Parking features
- Ground Level, Open, Basement
HOA & Financial
- Total monthly fees
- $1,267/mo
- Total annual fees
- $15,200
- HOA name
- Perry Roberts
- CDD
- No
- Homestead exemption
- Yes
- Min lease term
- 3 Months
- Ownership
- Condominium
- Available for lease
- Yes
- Lease restrictions
- Yes
- Additional lease restrictions
- See Condo Documents
- Approval process
- Application - see condo docs
Exterior & Construction
- Exterior features
- Balcony
- Construction materials
- Block
- Roof
- Other, Tile
- Foundation
- Slab
- Waterfront
- Yes
- Water access
- Yes
- Water view
- Yes
- Road surface
- Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- BB/HS Internet Available, Cable Connected, Public
Community
- Pets allowed
- Cats OK, Dogs OK, Number Limit
Schools
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 |
|---|---|---|
| Living Room | First | 15x14 |
| Dining Room | First | 14x11 |
| Primary Bedroom | First | 20x14 |
| Bedroom 2 | First | 13x12 |
| Den | First | 13x9 |
| Kitchen | First | 13x12 |
Listing Details
- Listing date
- 2026-03-05
- On market date
- 2026-03-07
- Original list price
- $649,000
- Occupant type
- Vacant
- MLS area
- 34231 - Sarasota/Gulf Gate Branch
- Listing AOR
- Sarasota - Manatee
- Status changed
- 2026-03-08
- Tax legal description
- UNIT 603, PHILLIPPI LANDINGS B
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
From US-41 turn West on Monte Carlo drive into Phillippi Landings use Guest (left) side enter gate code then follow around to the left to the second building on the left. Loads of guest parking in front go up elevator to 6th floor.
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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 9, 2026 at 4:06 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.
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