Phillippi Landings 5591 Cannes Cir Unit 503 Sarasota, FL 34231
The Landings NeighborhoodEstimated Value: $566,011 - $652,000
2
Beds
2
Baths
1,706
Sq Ft
$1,028/mo
HOA Fee
Highlights
- Fitness Center
- Heated Spa
- Gated Community
- Phillippi Shores Elementary School Rated A
- Access To Creek
- View of Trees or Woods
About This Home
As of April 2024Significant Price Adjustment! Living on Phillippi Creek offers a relaxed and luxurious lifestyle, where you can escape the hustle and bustle of the city and enjoy a slower pace of life. You'll be part of a vibrant and diverse community of residents who value the natural beauty and peacefulness of the area. Recently updated 5th Floor condo with a view of Phillippi Creek and overlooks the resort style heated pool and spa. This luxury waterfront condo with 2 bedrooms plus a den offers a modern, open-concept living space that is perfect for entertaining. The den in this condo could be used as a home office, a reading nook, or even a guest room. The oversized balcony, is where you can enjoy the outdoor views and fresh air comfortably and adds an additional living space and entertainment area. Foyer entry is accented with tray ceiling, including crown molding and new lighting fixtures throughout. Updated kitchen with white cabinetry, sparkling quartz counters, backsplash as well as newer stainless steel appliances, closet pantry and laundry closet. The spacious master suite has two large walk-in closets, bathroom designed with dual vanities and a soaking tub as well as a separate glass enclosed shower. Built in 2006 this building includes Hurricane rated windows and doors, fire protection sprinkler system and smoke detectors. Phillippi Landings sits on a gated, secluded 10 acre enclave surrounded by expansive grounds with majestic oaks, 1200 feet of natural waterfront with private lighted promenade and a fenced dog park. Sparkling heated pool with fountains and a spacious jetted spa. The pool sundeck has umbrella tables, lounges and comfortable seating on shaded patios and a built-in BBQ area for outdoor cookouts. The community Clubhouse is furnished with game tables, a residents' bar and media lounge with catering facilities. Under building assigned parking with additional guest parking available. The Fitness Center in a dedicated building with state-of-the art equipment. Kayak launching area and private boat slips with quick access to Sarasota Bay and Gulf of Mexico are optional. This Phillippi Creek location puts you close to many of Sarasota's top attractions, including all Siesta Key beaches, area restaurants, shopping centers, adjacent to Phillippi Park with a seasonal Farmhouse Market and A-rated Sarasota Memorial Hospital with a new Heart & Cancer Center. Just a short drive across the Ringling Bridge to St. Armand's Circle and Lido Beach. This luxury condo on Phillippi Creek can be a great investment opportunity, as the area is in high demand and the real estate market is thriving. You'll be able to enjoy a high-quality lifestyle while also making a smart financial decision. Water heater MARCH 2023; A/C 5/2023 Make an offer!
Last Agent to Sell the Property
RE/MAX ALLIANCE GROUP Brokerage Phone: 941-929-9090 License #0684949 Listed on: 10/13/2023
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,561
Year Built
- Built in 2006
Lot Details
- South Facing Home
- Dog Run
- Landscaped with Trees
HOA Fees
- $1,028 Monthly HOA Fees
Parking
- 1 Car Attached Garage
- Ground Level Parking
- Deeded Parking
Property Views
- Woods
- Creek or Stream
Home Design
- Mediterranean Architecture
- Slab Foundation
- Concrete Roof
- Concrete Siding
- Block Exterior
- Stucco
Interior Spaces
- 1,706 Sq Ft Home
- Open Floorplan
- Crown Molding
- High Ceiling
- Ceiling Fan
- Blinds
- Sliding Doors
- Combination Dining and Living Room
- Den
Kitchen
- Eat-In Kitchen
- Range
- Microwave
- Dishwasher
- Stone Countertops
- Solid Wood Cabinet
- Disposal
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- Split Bedroom Floorplan
- Walk-In Closet
- 2 Full Bathrooms
Laundry
- Laundry closet
- Washer
Home Security
Pool
- Heated Spa
- Heated Pool
Outdoor Features
- Access To Creek
- Balcony
- Outdoor Storage
Utilities
- Central Heating and Cooling System
- Cable TV Available
Listing and Financial Details
- Visit Down Payment Resource Website
- Assessor Parcel Number 0084-08-5021
Community Details
Overview
- Association fees include pool, escrow reserves fund, maintenance structure, ground maintenance, management, private road
- Casey Management Association, Phone Number (800) 237-3628
- Mid-Rise Condominium
- Phillippi Landings Community
- Phillippi Landings E Subdivision
- On-Site Maintenance
- The community has rules related to deed restrictions, vehicle restrictions
- 6-Story Property
Amenities
- Clubhouse
Recreation
Pet Policy
- Pets up to 100 lbs
- 2 Pets Allowed
Security
- Gated Community
- High Impact Windows
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 13, 2023
Closed on
Apr 1, 2024
Sold by
Susan M Horrigan Trust and Horrigan Susan M
Bought by
Okeefe Michael Richard
Seller's Agent
Midge McCarthy
RE/MAX ALLIANCE GROUP
Buyer's Agent
Robert Sherman
PREMIER SOTHEBY'S INTERNATIONAL REALTY
List Price
$669,000
Sold Price
$625,000
Premium/Discount to List
-$44,000
-6.58%
Total Days on Market
125
Views
108
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,497
Avg. Annual Appreciation
-0.53%
Original Mortgage
$325,000
Outstanding Balance
$321,660
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$299,504
Purchase Details
Closed on
Mar 23, 2016
Sold by
Zimmerman Marvin N and Zimmerman Amy S
Bought by
Horrigan Susan M and Susan M Horrigan Trust
Purchase Details
Closed on
Dec 12, 2011
Sold by
Stanton Gary and Richards Robert
Bought by
Zimmerman Marvin N and Zimmerman Amy S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
4.06%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 8, 2006
Sold by
Pl Development E Inc
Bought by
Stanton Gary and Richards Robert
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Sarasota, FL
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Okeefe Michael Richard | $625,000 | None Listed On Document | |
| Horrigan Susan M | $399,000 | Attorney | |
| Zimmerman Marvin N | $275,000 | Attorney | |
| Stanton Gary | $498,100 | Attorney |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Okeefe Michael Richard | $325,000 | |
| Previous Owner | Zimmerman Marvin N | $165,000 | |
| Previous Owner | Stanton Gary | $250,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/01/2024 04/01/24 | Sold | $625,000 | -3.5% | $366 / Sq Ft |
| 02/16/2024 02/16/24 | Pending | -- | -- | -- |
| 02/16/2024 02/16/24 | Price Changed | $648,000 | -0.2% | $380 / Sq Ft |
| 01/31/2024 01/31/24 | Price Changed | $649,000 | -2.1% | $380 / Sq Ft |
| 01/22/2024 01/22/24 | Price Changed | $663,000 | -0.7% | $389 / Sq Ft |
| 01/09/2024 01/09/24 | Price Changed | $668,000 | -0.1% | $392 / Sq Ft |
| 10/13/2023 10/13/23 | For Sale | $669,000 | -- | $392 / Sq Ft |
Source: Stellar MLS
Tax History Compared to Growth
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 | $5,030 | $384,260 | -- | -- |
| 2023 | $5,030 | $418,500 | $0 | $418,500 |
| 2022 | $4,562 | $372,600 | $0 | $372,600 |
| 2021 | $3,985 | $288,700 | $0 | $288,700 |
| 2020 | $3,910 | $277,700 | $0 | $277,700 |
| 2019 | $3,745 | $268,000 | $0 | $268,000 |
| 2018 | $4,063 | $294,800 | $0 | $294,800 |
| 2017 | $4,368 | $313,700 | $0 | $313,700 |
| 2016 | $4,205 | $309,500 | $0 | $309,500 |
| 2015 | $3,965 | $282,400 | $0 | $282,400 |
| 2014 | $3,676 | $204,200 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Midge McCarthy
Seller's Agent in 2024
Midge McCarthy
RE/MAX
(941) 809-3800
3 in this area
84 Total Sales
-
Robert Sherman
Buyer's Agent in 2024
Robert Sherman
PREMIER SOTHEBY'S INTERNATIONAL REALTY
(941) 313-1301
1 in this area
133 Total Sales
About Phillippi Landings
Map
Source: Stellar MLS
MLS Number: A4583999
APN: 0084-08-5021
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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