1 / 1

$525,000

1518 Pelican Point DriveSarasota, FL 34231

Listing updated: October 24, 2026 at 6:48 AM ET

Active

Listing courtesy of Coldwell Banker Realty · Ashley Wallace · MLS #A4709476 · Active · 941-388-3966

Beds

Baths

1,216

Sq Ft

1.62

Acres

1976

Built

◆Water view◆Water access◆55+ community◆1.62 acres◆$432/sqft

Condominium

Property type

1976

Year built

70,378 sqft

Lot size

$432

Price / sq ft

$842/mo

HOA dues

Day on market

AE & X

Flood zone

About this home

Little Sarasota Bay, right outside your living room. This light-filled, second-floor, 2-bedroom, 2-bath condo in Pelican Cove captures unobstructed views of Little Sarasota Bay through huge glass sliders, bringing the beauty of the water into your everyday living space. The updated kitchen opens to the living and dining areas, creating an inviting space for entertaining while keeping those beautiful water views in sight. Both bathrooms have been updated, and built-in cabinetry in the laundry room provides valuable additional storage. The split-bedroom layout offers privacy and comfortable accommodations for owners and guests alike. Set along the Intracoastal Waterway, Pelican Cove is a 75-acre gated and guarded community surrounded by lush tropical landscaping and an impressive collection of amenities. Residents enjoy an 87-slip harbor with no fixed bridges to the Gulf, a kayak and canoe launch, six heated pools, three clubhouses, lighted tennis and pickleball courts, a fitness center, art studios, and more than five miles of scenic walking trails and boardwalks. The location is another standout. Just west of the Tamiami Trail, Pelican Cove is conveniently located near a revitalized shopping plaza bringing Whole Foods, the highly anticipated Trader Joe's, additional shopping and dining options to the area. Siesta Key and Turtle Beach are just minutes away, with downtown Sarasota a short drive north. Whether you're looking for a full-time residence, seasonal retreat, or easy lock-and-leave getaway, this is an opportunity to enjoy waterfront living in one of Sarasota's most established and amenity-rich communities.

Estimated monthly payment

Principal & interest$2,655

Property taxes$410

Home insurance (est.)$241

HOA dues$842

Down payment

20%

$105,000 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 history1 days on market

Status: Active
Oct 23, 2026
Listed$525,000
Oct 23, 2026

Property Documents

Documents the listing agent has made public for this property. Free to view and download.

Facts & features

Property type: Residential
Sub type: Condominium
Status: Active
Days on market: 1
Subdivision: Pelican Cove Iv
County: Sarasota
Year built: 1976
Living area: 1,216 sq ft
Price/sq ft: $432
Building area: 1,461 sq ft (Public Records)
Lot size: 70,378 sq ft
Flood zone: AE & X
Annual taxes: $4,917 (2025)
Parcel #: 0126102019
Zoning: RMF3
MLS #: A4709476

Ask about this home

Have a question? Ask the broker directly.

Ryan Solberg answers personally — no call center, no spam. Your question goes straight to him.

Interior Details

Bedrooms: 2
Full bathrooms: 2
Flooring: Tile
Appliances: Dishwasher, Dryer, Ice Maker, Microwave, Range, Refrigerator
Interior features: Beamed Ceilings, High Ceilings, Open Floorplan
Laundry: Inside, Laundry Closet, Same Floor As Condo Unit
Stories / Levels: One
Direction faces: West

Heating & Cooling

Heating: Electric
Cooling: Central Air

Parking

Garage spaces: 0
Carport: Yes

HOA & Financial

HOA fee: $842 / Monthly
Monthly HOA: $842/mo
Total monthly fees: $842/mo
Total annual fees: $10,104
HOA name: Pelican Cove Condominium Association Cindy Webster
CDD: No
Min lease term: 2 Months
Listing terms: Cash, Conventional, FHA, VA Loan
Ownership: Condominium
Available for lease: Yes
Lease restrictions: Yes
Additional lease restrictions: Confirm with HOA for specific and current details or restrictions. Tenants are not allowed to have pets. All dogs must be on leashes while being walked
Approval process: Confirm with HOA for specific and current details or restrictions. Fill out application and make out a check for application fee for PCCA.

Exterior & Construction

Construction materials: Concrete
Roof: Other
Foundation: Slab
Water access: Yes
Water view: Yes
Road surface: Asphalt

Utilities

Sewer: Public Sewer
Water source: Public
Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected

Community

Pets allowed: Yes
Senior community: 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
Dining Room		12.3x11
Kitchen		8.1x14.5
Primary Bedroom		12.6x14.8
Bedroom 2		11.3x11.7
Primary Bathroom		8.6x5.4
Bathroom 2		8.6x5
Living Room		13.11x20

Listing Details

Listing date: 2026-10-22
On market date: 2026-10-23
Original list price: $525,000
Occupant type: Owner
MLS area: 34231 - Sarasota/Gulf Gate Branch
Listing AOR: Sarasota - Manatee
Status changed: 2026-10-23
Tax legal description: UNIT 257 BLDG 6 PELICAN COVE IV

Flood risk

High riskFEMA Zone AE & X

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

Driving Directions (from I-75): I-75 to Exit 205, Clark Rd (SR-72) West on Clark Rd approx. 2.5 mi Left (south) on S Beneva Rd approx. 2.5 mi Continue straight across US-41 (Tamiami Trail) into Pelican Cove (gated, guard entrance) Follow Pelican Cove Rd to Pelican Point Dr Building 6, Unit 257 (2nd floor) Approx. 6 mi / 17 min from I-75

More homes like this

ActiveCondominium360°

$585,000

1602 Stickney Point Rd #404

Sarasota, FL 34231

2 bd · 2 ba · 1,128 sqft

Castel Del Mare

MLS ID #A4643334, COLDWELL BANKER REALTY.

Listing provided by Stellar MLS

ActiveSingle Family Residence360°

$329,777

3988 Berkshire Dr

Sarasota, FL 34241

3 bd · 2 ba · 1,255 sqft

Lake Sarasota

MLS ID #A4710720, SUNCOAST GLOBAL REALTY.

Listing provided by Stellar MLS

ActiveSingle Family Residence

$625,000

5572 Sentiero Dr

Nokomis, FL 34275

2 bd · 2 ba · 1,696 sqft

Bellac1na By Casey Key

MLS ID #A4710700, MICHAEL SAUNDERS & COMPANY.

Listing provided by Stellar MLS

ActiveSingle Family Residence

$679,900

9488 Hawksmoor Ln

Sarasota, FL 34238

4 bd · 4 ba · 2,640 sqft

Stoneybrook/Palmer Ranch

MLS ID #A4710653, COLDWELL BANKER REALTY.

Listing provided by Stellar MLS

Call Schedule a tour

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 October 24, 2026 at 6:48 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.

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.

Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA