1520 Pelican Point DRIVE, #251, Sarasota, FL, 34231 | $449,900

If you are looking for a condo with an incredible Florida waterfront view and an endless variety of entertainment, educational, social, and outdoor activities then this home is for you.  

This rarely available second-floor waterfront condo boasts one of the most breathtaking views in all of Pelican Cove.  

The waterfront condos on Pelican Point Drive, especially those on the second-floor homes are truly unique and highly sought within Pelican Cove. Their combination of bright open vaulted living areas and the direct, big water, waterfront views make them a wonderful place to live.

Recent sales on Pelican Point Drive waterfront (Only 6 have sold during 2024) have ranged from $675, 000 to $487, 000. Average sold price $593, 000.   We are priced $144, 000 below the average.

Plus, this home also has one of the LOWEST CONDO FEES in all of Pelican Cove.

Here you can enjoy your morning coffee from the comfort of your lanai as Osprey, Pelicans, and Eagles dive for their dinner or Blue Heron and White Egrets stalk the shoreline. On any given day you may encounter a pod of Dolphin or Manatee as they show up just outside of your window. Watch the Mullet as they continually jump out of the water for seemingly no reason. Facing Southwest you will catch the glow of sunsets in the evening and soak up everything Southwest Florida has to offer. Every day is an all-day entertainment adventure.

The home itself features Italian porcelain tiles throughout, vaulted ceilings, clerestory windows, and a bright and open living area leading to floor-to-ceiling sliders facing the glistening waters of Little Sarasota Bay. The kitchen has also been professionally remodeled and features all-white Italian-style cabinets, Cambria quartz countertops, a counter depth Summit Professional stainless steel refrigerator, and a Fisher & Paykel stainless steel oven. The bath features a waterfall faucet and a generous walk-in shower, while the primary bedroom provides wall-to-wall closets and a slider leading to your private bedroom balcony with a glimpse of the harbor.  
The home is spotless, vacant, and move-in ready.

This centrally located home is just a few steps from the main resort-style heated pool or a short walk to the 86-slip boat harbor and launch dock for kayaks and canoes. Other amenities within the gated 75-acre community include 5 additional heated pools, hot tubs, 3 clubhouses, 4 lighted tennis courts, pickleball, basketball, a dog walk area, 5 miles of walking trails and boardwalks as well as fishing gazebos and exercise facilities. Pelican Cove uniquely features a wide variety of world-class professional musical entertainment from Classical to Folk to R&B, Jazz, and Chamber Concerts. Dances, Classes, Pelican Cove University, Art Studios and Shows, and more than 37 clubs. Plus much more, too numerous to list here.  

A comprehensive list of social, educational, and entertainment activities are available upon request.

We think that you will be impressed and will see why Pelican Cove is special and a community that is well worth your interest.  

Pelican Cove is just minutes from the world-famous Siesta Key Beach, numerous wonderful Sarasota and Venice restaurants of all cuisines, and world-class shopping. It’s a short, easy drive to the Sarasota-Bradenton Airport.

The current owners have moved out of state and are ready to move on to the next stage so please come and see this special place for yourself and Make an Offer!

Features

  • Heating: Central
  • Cooling: Central Air
  • Levels: 1
  • Rooms: 4
  • Bedrooms: 1
  • Baths: 1 full
  • Laundry: Electric Dryer Hookup, Washer Hookup
  • Complex: PELICAN COVE
  • Year Built: 1976
  • Common Charge: $536 Monthly
  • Approx Sq. Feet: 937
  • Est. Taxes: $3,727
  • Elem. School: Gulf Gate Elementary
  • Middle School: Brookside Middle
  • High School: Riverview High
  • Pet Policy: Cats OK, Dogs OK
  • Appliances: Built-In Oven, Cooktop, Disposal, Dryer, Electric Water Heater, Microwave, Washer
  • MLS#: A4622260
  • Days on Market: 96 days
  • Website: https://www.raveis.com
    /prop/A4622260/1520pelicanpointdrive_sarasota_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is 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. (last updated 1/5/2025 1:30:44 AM)
Listing courtesy of JOHN HARDING REALTY   Phone: 941-777-3007

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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1520 Pelican Point DRIVE, #251, Sarasota, FL, 34231

$449,900

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $359,920 $359,920 $359,920
Term 360 months 360 months 180 months
Initial Interest Rate** 6.875% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.278% 7.159% 6.276%
Monthly Tax Payment $311 $311 $311
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,364 $2,392 $3,035
Total Monthly Payment $2,750 $2,778 $3,421

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.