1518 Pelican Point Dr Unit 257 Sarasota, FL 34231
Vamo NeighborhoodEstimated payment $4,304/month
Highlights
- 200 Feet of Waterfront
- White Water Ocean Views
- Fitness Center
- Riverview High School Rated A
- Water access To Gulf or Ocean
- Gated Community
About This Home
Welcome to Pelican Cove a tropical paradise in Florida! You absolutely must check out the grounds of this hidden gem. It’s one of Sarasota’s best-kept secrets. This two-bedroom, two-bathroom condo is on the second floor and has a view in every room. The kitchen and bathrooms are updated, with travertine floor tiles throughout the living areas and newer carpet in the bedroom. The kitchen has contemporary cabinets, marble countertops, and stainless steel appliances. Pelican Cove is a gated community with tons of amenities, including a low-cost, 86-slip boat harbor, a kayak/canoe launch, six heated swimming pools, a hot tub, three clubhouses, classrooms, a gym, art, woodworking, and pottery studios, four lighted tennis/pickleball courts, shuffleboard, basketball, a dog play area, walking trails, boardwalks, and fishing gazebos. You can take classes at Pelican Cove University or in yoga, tai chi, water aerobics, painting, or photography. There are over 37 clubs for photography, fiber arts, cycling, culinary arts, bridge, film, and more. Or, just relax at the evening jazz and classical music concerts, including concerts held on the harbor. Located on the lush grounds of the former Wilbanks Estate, Pelican Cove is hidden away yet minutes from everything! Come see for yourself, this is the lifestyle you deserve! Recent updates include new refrigerator, hot water heater, laundry closet, storm and exterior door, electrical panel, and new kitchen window.
Listing Agent
COLDWELL BANKER REALTY Brokerage Phone: 941-388-3966 License #3239943 Listed on: 11/18/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $5,556
Year Built
- Built in 1976
Lot Details
- 200 Feet of Waterfront
- 100 Feet of Bay Harbor Waterfront
- 100 Feet of Intracoastal Waterfront
- Property fronts an intracoastal waterway
- Southeast Facing Home
- Dog Run
- Mature Landscaping
- Cleared Lot
- Wooded Lot
- Landscaped with Trees
HOA Fees
- $842 Monthly HOA Fees
Property Views
- White Water Ocean
- Intracoastal
Home Design
- Entry on the 2nd floor
- Slab Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 1,216 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Vaulted Ceiling
- Window Treatments
- Sliding Doors
- Entrance Foyer
- Combination Dining and Living Room
- Storage Room
Kitchen
- Range
- Microwave
- Dishwasher
- Solid Surface Countertops
Flooring
- Brick
- Carpet
Bedrooms and Bathrooms
- 2 Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
Laundry
- Laundry closet
- Dryer
- Washer
Home Security
Parking
- 1 Carport Space
- Guest Parking
- Assigned Parking
Outdoor Features
- Water access To Gulf or Ocean
- Access To Intracoastal Waterway
- Access To Marina
- Fishing Pier
- No Fixed Bridges
- Access To Creek
- Seawall
- Open Dock
- Enclosed Patio or Porch
- Exterior Lighting
Schools
- Gulf Gate Elementary School
- Brookside Middle School
- Riverview High School
Utilities
- Central Heating and Cooling System
- Well
- Electric Water Heater
- High Speed Internet
- Cable TV Available
Additional Features
- Reclaimed Water Irrigation System
- Flood Zone Lot
Listing and Financial Details
- Visit Down Payment Resource Website
- Assessor Parcel Number 0126102019
Community Details
Overview
- Association fees include cable TV, common area taxes, pool, escrow reserves fund, fidelity bond, insurance, maintenance structure, ground maintenance, maintenance, management, pest control, private road, recreational facilities, security, sewer, trash, water
- Cindy Association, Phone Number (941) 966-5674
- Pelican Cove Community
- Pelican Cove IV Subdivision
- On-Site Maintenance
- Association Owns Recreation Facilities
- The community has rules related to deed restrictions, no truck, recreational vehicles, or motorcycle parking, vehicle restrictions
Amenities
- Clubhouse
- Community Mailbox
- Community Storage Space
Recreation
- Tennis Courts
- Pickleball Courts
- Fitness Center
- Community Pool
- Community Spa
- Trails
Pet Policy
- Pets up to 100 lbs
- 2 Pets Allowed
Security
- Security Guard
- Gated Community
- Fire and Smoke Detector
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,791 | $434,000 | -- | $434,000 |
| 2023 | $5,791 | $480,000 | $0 | $480,000 |
| 2022 | $5,375 | $444,200 | $0 | $444,200 |
| 2021 | $4,768 | $355,600 | $0 | $355,600 |
| 2020 | $4,793 | $350,900 | $0 | $350,900 |
| 2019 | $4,149 | $320,000 | $0 | $320,000 |
| 2018 | $3,546 | $255,600 | $0 | $255,600 |
| 2017 | $3,574 | $253,300 | $0 | $253,300 |
| 2016 | $3,441 | $237,500 | $0 | $237,500 |
| 2015 | $3,288 | $219,800 | $0 | $219,800 |
| 2014 | $3,311 | $184,525 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/18/2025 11/18/25 | For Sale | $569,000 | +38.8% | $468 / Sq Ft | |
| 06/07/2019 06/07/19 | Sold | $410,000 | -3.5% | $300 / Sq Ft | View Prior Sale |
| 04/06/2019 04/06/19 | Pending | -- | -- | -- | |
| 03/18/2019 03/18/19 | Price Changed | $425,000 | -3.2% | $311 / Sq Ft | |
| 12/07/2018 12/07/18 | For Sale | $439,000 | -- | $321 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $410,000 | Attorney | |
| Warranty Deed | $130,000 | Attorney | |
| Warranty Deed | $260,000 | Sunbelt Title Agency | |
| Interfamily Deed Transfer | -- | Attorney | |
| Trustee Deed | $185,000 | -- | |
| Trustee Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $300,000 | New Conventional | |
| Previous Owner | $195,000 | Purchase Money Mortgage |
Source: Stellar MLS
MLS Number: A4671837
APN: 0126-10-2019
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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