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$559,000

  • For Sale
  • Active
  • Condo
  • 2 Beds
  • 2 Full Baths
  • 1,216 Sq. Ft.
  • Updated 9 days ago
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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.

Full Property Details for 1518 Pelican Point Dr #257

General

  • Price: $559,000
  • HOA FEE: $842/month
  • Taxes: $5,555 (2024)
  • Status: Active
  • Type: Condo
  • Source: MidFloridaRegionalMLS
  • MLS ID: A4671837
  • Updated: 12/28/2025
  • Added to Site: 61 day(s) ago

Rental Information

  • Min. Lease: 2 Months

Interior

  • Number of Rooms: 9
  • Interior Features: High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Furnishings: Unfurnished
  • Flooring: Brick/Stone, Carpet

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2

Other Rooms

  • Laundry: Laundry Closet

Additional Information

  • Shared Amenities: Clubhouse, Fitness Center, Gated, Maintenance, Pickleball Court(s), Pool, Spa/Hot Tub, Storage, Tennis Court(s), Trail(s), Vehicle Restrictions
  • Security/Safety: Smoke Detector(s)

Exterior

  • Exterior Features: Dog Run, Irrigation System, Lighting, Sliding Doors, Tennis Court(s)
  • Deck/Patio: Covered, Enclosed, Rear Porch, Screened
  • Porch/Patio/Deck: Covered, Enclosed, Rear Porch, Screened

Parking

  • Carports: Yes
  • Carport: 1
  • Carport Spaces: 1
  • Covered Spaces: 1
  • Parking Features: Assigned, Covered, Guest

Location

  • Area: 34231 - Sarasota/Gulf Gate Branch
  • County: Sarasota
  • Development Name: 34231 - Sarasota/Gulf Gate Branch
  • Subdivision: PELICAN COVE IV
  • Driving Directions: West on Vamo Rd, right into Pelican Cove. Continue straight until right at Pelican Point Dr. Building on left.
  • Direction Faces: Southeast

School Information

  • Elementary School: Gulf Gate Elementary
  • Middle School: Brookside Middle
  • High School: Riverview High

Community

  • Community Name: 34231 - Sarasota/Gulf Gate Branch
  • Community Features: Dock, Fishing, Intracoastal Waterway, Water Access, Waterfront, Association Recreation - Owned, Buyer Approval Required, Community Mailbox, Deed Restrictions, Fitness Center, Gated Community - Guard, Irrigation-Reclaimed Water, No Truck/RV/Motorcycle Parking, Pool, Tennis Court(s)
  • Optional Amenities: Clubhouse, Fitness Center, Gated, Maintenance, Pickleball Court(s), Pool, Spa/Hot Tub, Storage, Tennis Court
  • Association: Yes
  • Assoc. Name: Cindy
  • Assoc. Fees Include: Cable TV, Common Area Taxes, Community Pool, Escrow Reserves Fund, Fidelity Bond, Insurance, Maintenance Structure, Maintenance Grounds, Maintenance Repairs, Manager, Pest Control, Pool Maintenance, Private Road, Recreational Facilities, Security, Sewer, Trash, Water
  • Number of Pets: 2
  • Pet Restrictions: 100lbs.

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water District: SARASOTA BAY INTRACOASTAL
  • Water: Public, Well
  • Utility Description: BB/HS Internet Available, Cable TV Available, Fire Hydrant, Sewer Connected, Street Lights, Water Connected

Structural Information

  • Exterior Const.: Wood Frame
  • Roof: Shingle
  • Stories/Levels: One
  • Square Feet: 1,216
  • Sq. Ft. Source: Public Records
  • Year Built: 1976

Lot Features

  • Property View: Water
  • Lot Size (Acres): 1.62
  • Lot Size (Sq. Ft.): 70,378
  • Lot Size: 1.6157
  • Frontage: Private Road
  • Street/Road Desc.: Asphalt

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Access: Yes
  • Water Access Desc: Bay/Harbor, Creek, Gulf/Ocean, Intracoastal Waterway, Marina
  • Water Extras: Yes
  • Water Front Name: SARASOTA BAY INTRACOASTAL
  • Water Front Desc.: Waterfront, Bay/Harbor, Intracoastal Waterway

Financial Considerations

  • Association Fee: $842
  • Assoc Fee Freq.: Monthly
  • Assoc Fee Desc.: Required
  • Tax Amount: $5,555.56
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: UNIT 257 BLDG 6 PELICAN COVE IV
  • Flood Zone Info: AE
  • APN: 126102019
  • Property ID: 126102019
Buyer's Brokerage Compensation: 3%
Not binding unless confirmed by separate agreement among applicable parties.

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— 1518 Pelican Point Dr #257 —

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1518 Pelican Point Dr #257

School District:Sarasota County School District
NameGradesDistance
Gulf Gate Elementary School
6500 South Lockwood Ridge Road, Sarasota, FL 34231
PK-52.3 mi
Riverview High School, Sarasota, FL
1 Ram Way, Sarasota, FL 34231
9-123.8 mi
Brookside Middle School
3636 South Shade Avenue, Sarasota, FL 34239
6-85.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1518 Pelican Point Dr #257 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/28/2025
Price Reduced
$559,000
-1.76%
MLS
11/18/2025
Listed
$569,000
38.78%
MLS
6/07/2019
Sold
$410,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1518 Pelican Point Dr #257

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,315
-22%
$375,100
-14%
2024
$5,556
-4%
$434,000
-10%
2023
$5,791
21%
$480,000
35%
2021
$4,768
-11%
$355,600
-20%
2022
$5,375
13%
$444,200
27%
2021
$4,768
15%
$350,900
25%
2019
$4,149
17%
$281,160
10%
2018
$3,546
-1%
$255,600
1%
2017
$3,574
4%
$253,300
7%
2016
$3,441
5%
$237,500
8%
2015
$3,288
-1%
$219,800
8%
2014
$3,311
9%
$202,978
10%
2013
$3,031
—
$184,525
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1518 Pelican Point Drive #257, Sarasota, FL 34231 (MLS# A4671837) is a Condo property with 2 bedrooms and 2 full bathrooms. 1518 Pelican Point Drive #257 is currently listed for $559,000 and was received on November 18, 2025. This property is listed by Babette Paige from our St. Armands Office.Want to learn more about 1518 Pelican Point Drive #257? Do you have questions about finding other Condo real estate for sale in Sarasota? You can browse all Sarasota real estate or contact a Coldwell Banker agent to request more information.

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