1 month on rocket

5531 Cannes Cir Unit 201, Sarasota, FL, 34231

$1,399,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
2 Full Baths
2,024 SqFt
$691/SqFt
Condo
Schools Nearby

Location

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5531 Cannes Cir Unit 201, Sarasota$1,399,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingGarage Door Opener, Ground Level, Guest, Open, Oversized, Under Building
Garage1 space
Year Built2006
HeatingElectric
CoolingCentral Air
WaterfrontIntracoastal Waterway, River Front
ViewWater
MLS #O6186349
StatusActive

About 5531 Cannes Cir Unit 201

Prime waterfront location 3-bedroom 2-bath 2,024 square foot condo in resort like setting of Phillippi Landings. Boater’s dream with private boat docks available! Completely renovated and updated in 2022/23 from top to bottom with no expense spared by an award-winning design team. This corner/end unit is one of the largest and best situated in the complex. Enjoy panoramic water views from three sides of this gorgeous modern condo boasting imported Legno Bastone wide-plank, black walnut, and marble floors. Custom solid-walnut cabinets, stone agate counter tops, and European designer fixtures and lighting. Expansive bay windows grace the kitchen / desk and living room areas. All windows are equipped with Hunter Douglas electric blinds / shades with black-out in bedrooms. Ten-foot ceilings and eight-foot solid core doors throughout. Gourmet kitchen featuring professional grade Thermador appliances, including two 30-inch refrigerators w/freezer, built-in microwave and oven, and convection cooktop. Master bed and bath includes spacious walk-in dressing room and closet with custom built-in cabinets, separate his / her vanities, soaking tub, shower, and enclosed toilet. Custom designed and built walnut entertainment center with 65” flat-screen TV and electric fireplace. In addition to the spacious interior, this unit is one of only two in the building to have a large, screened patio plus 2,000 square feet of additional private outdoor waterfront terraces. These two expansive terraces provide ample areas for sun or shade and cool breezes off the water for relaxation and added privacy throughout the day. The second and third bedrooms have doorways that open to the north terrace. Designer furniture and furnishings are available for additional consideration. Ample parking including a private oversized one-car garage under the building with electricity and room for bike storage, workbench and more. The elevator and stairs are located close to the condo entrance. Nothing was overlooked during the renovation, including a new 6-ton HVAC roof-top unit and interior air handler, complete water-sealing of all exterior windows and doors, and sealing, stucco finish and epoxy resurfacing of the garage interior. Security system with remote video cameras located throughout the unit and garage. The seller owns four adjoining boat slips in the community marina and has submitted plans for permits to combine into one large dock with 14,000 lb. lift for up to a 40’ boat, plus a lift for personal watercraft and will sell those for an additional price. Phillippi Landings is a short drive to the world-renowned Siesta Key Beach and a short unobstructed (no bridges) boat ride to the Gulf of Mexico. Association amenities include kayak storage and launch, fitness center, club house, resort-style swimming pool and jacuzzi, waterfront walking path, and more. This unit is priced for sale at below owner’s investment.

Property Details

Property Features

Property Information:

  • Architectural Style: Mediterranean
  • Year Built: 2006
  • Stories: 8
  • Living Area: 2,024 SqFt

Listing Office:

  • Office Name: COGAN REALTY LLC
  • Office Phone: (407) 865-7111
  • Listing Agent: Curtiss Cogan

Interior Features

Interior Information:

  • Appliances: Convection Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Ice Maker, Microwave, Range, Range Hood, Refrigerator, Washer
  • Flooring Type: Carpet, Marble
  • Interior: Ceiling Fans(s), Eat-in Kitchen, Elevator, High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Thermostat, Walk-In Closet(s), Window Treatments

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Intracoastal Waterway, River Front
  • View: Water
  • Exterior: Sliding Doors

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Garage Door Opener, Ground Level, Guest, Open, Oversized, Under Building

Lot Features

Lot Information:

  • Lot: Paved

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Riverview High School, Public Magnet Grades 9-12
  • Brookside Middle School, Public District Grades 6-8
  • Phillippi Shores Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: From Downtown Sarasota take Tamiami Trail South (US-41 S) to Phillippi Landings. Turn right onto Monte Carlo Dr. Gate Code required. Lett onto Cannes Circle.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,399,000
  • Price Per SqFt: $691/SqFt
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Housing Market Comparison

See how this home compares to others in Sarasota, FL.

Med. Sold Price

$519K

Med. Price/SqFt

$306

Avg. Days On Market

56

# of Sold Homes

593

5531 Cannes Cir Unit 201 vs Sarasota

58 DAYS ON ROCKET

+2 Days

$1,399,000

+$879.9K More

$691/SqFt

+$384 More

KEY TAKEAWAY

This property is $879.9K more than the Median Sold Price and $384/SqFt more than other homes in Sarasota, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #O6186349

Listing Office:

  • Office Name: COGAN REALTY LLC
  • Office Phone: (407) 865-7111
  • Listing Agent: Curtiss Cogan

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

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.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 5/12/2024, 8:19:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$7,050

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,261

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-10698219
8
/10
  • Phillippi Shores Elementary School

  • 4747 S Tamiami Trl

  • 0.85 miles

  • Public District Grades PK-5

Middle School

school-card-donut-10698220
5
/10
  • Brookside Middle School

  • 3636 S Shade Ave

  • 1.93 miles

  • Public District Grades 6-8

High School

school-card-donut-10698221
6
/10
  • Riverview High School

  • 1 Ram Way

  • 1.02 miles

  • Public Magnet Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $66,071. The most common annual income of people living in Sarasota, FL is between $35k-100k. Residents typically live in married, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5531 Cannes Cir Unit 201

What is the listing price of this property?

The listing price of 5531 Cannes Cir Unit 201 property is $1,399,000.

What type of property is this?

The property 5531 Cannes Cir Unit 201 is a condo located in Sarasota, Florida, 34231.

Is this property for sale now?

Active Listing: 5531 Cannes Cir Unit 201 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 5531 Cannes Cir Unit 201 are:
Phillippi Shores Elementary School: GreatSchools Rating 8/10
Brookside Middle School: GreatSchools Rating 5/10
Riverview High School: GreatSchools Rating 6/10

How many bedrooms and bathrooms does this property have?

The property at 5531 Cannes Cir Unit 201 has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 5531 Cannes Cir Unit 201 is 2,024 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5531 Cannes Cir Unit 201 is 2006.

Rocket HomesFloridaSarasota CountySarasota342315531 Cannes Cir Unit 201

This home is located at 5531 Cannes Cir Unit 201 in Sarasota, FL and zip code 34231 in the West of Trail neighborhood. This 2,024 square foot home was built in 2006. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 15, 2024 and is currently priced at $1,399,000.

In April 2024 more than 41 listings in Sarasota, FL were sold above the asking price. During the same period more than 90 listings were sold at asking price, while more than 462 were sold below. The number of listings in Sarasota, FL decreased by 1.8% between March 2024 and April 2024. In April 2024, listings were on the market for 56 days. During the same period, the median list price in this real estate market was $519,031.

From Rocket Homes Real Estate and based on county public records data.

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