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$1,449,000 Sale Pending

  • For Sale
  • Pending
  • Condo
  • 4 Beds
  • 3 Full Baths
  • 2,530 Sq. Ft.
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LUXURY PENTHOUSE WITH PRIVATE BOAT SLIP, OVER 1,000 SQFT TERRACE, and breathtaking views of the Downtown Sarasota skyline, Sarasota Bay, the Gulf, and Phillippi Creek! This one-of-a-kind residence truly defines coastal elegance and sophistication. Complete with an elevator that opens right into the unit, and 2-CAR GARAGE, this exclusive penthouse offers the ultimate combination of privacy, luxury, and convenience. Located directly on the Intercoastal water just minutes from the Gulf, you're welcomed into this unit by 12-foot ceilings and an abundance of natural light streaming through the expansive windows, showcasing panoramic water and city views from nearly every room. The gourmet kitchen is a chef's dream, featuring high-end KitchenAid appliances, granite countertops, an induction cooktop with hood, and beautiful custom cabinetry. Adjacent to the kitchen, a cozy dining area offers the perfect spot for casual meals, while the open-concept living room is ideal for entertaining-all while taking in the incredible scenery. The spacious owner's suite is a serene retreat, complete with access to a SECOND BALCONY/TERRACE, dual closets, and a spa-like bathroom with a walk-in shower, soaking tub, and dual vanities. The second and third bedrooms, located in the opposite wing for privacy, share a well-appointed bathroom-perfect for guests. The fourth versatile bedroom doubles as an office or den, with a full bathroom conveniently nearby. Step outside to the expansive 1,000+sqft terrace-a rare feature in Sarasota-where you can unwind, dine, and entertain while enjoying the magnificent views after a day out on the water from your PRIVATE BOAT SLIP. Additionally, hurricane windows and doors offer peace of mind. Just a short stroll away, the gated community amenities include a heated pool and spa, fitness center, clubhouse with catering kitchen and bar area, kayak launch, and a dog park, all nestled within a secure and beautifully maintained waterfront setting. Opportunities like this are extraordinarily rare in Sarasota-a true penthouse lifestyle offering unmatched outdoor space, panoramic views, and private boating access all in one luxurious package.

Full Property Details for 5531 Cannes Cir #801

General

  • Price: $1,449,000
  • HOA FEE: $3,665/month
  • Taxes: $10,228 (2024)
  • Status: Pending
  • Type: Condo
  • Source: MidFloridaRegionalMLS
  • MLS ID: TB8438752
  • Updated: 3/3/2026
  • Added to Site: 150 day(s) ago

Rental Information

  • Min. Lease: 6 Months

Interior

  • Number of Rooms: 6
  • Interior Features: Crown Molding, Eating Space In Kitchen, Elevator, Primary Bedroom Main Floor, Solid Wood Cabinets, Stone Counters, Thermostat, Tray Ceiling(s), Walk-In Closet(s), Window Treatments
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Flooring: Tile

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 4

Other Rooms

  • Laundry: Inside, Laundry Room

Additional Information

  • Shared Amenities: Elevator(s), Fitness Center, Gated

Exterior

  • Exterior Features: Balcony

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 2
  • Covered Spaces: 2

Location

  • Area: 34231 - Sarasota/Gulf Gate Branch
  • County: Sarasota
  • Development Name: 34231 - Sarasota/Gulf Gate Branch
  • Subdivision: PHILLIPPI LANDINGS
  • Driving Directions: From Rte. 41 Turn on Phillipi Shores Dr. Turn left on Canes Cir and building is on your left.
  • Direction Faces: East

School Information

  • Elementary School: Phillippi Shores Elementary
  • Middle School: Brookside Middle
  • High School: Riverview High

Community

  • Community Name: 34231 - Sarasota/Gulf Gate Branch
  • Community Features: Boat Slip, Dock, Fitness Center, Pool, Sidewalks
  • Optional Amenities: Elevator(s), Fitness Center, Gated
  • Association: Yes
  • Assoc. Name: Casey Management
  • Assoc. Fees Include: Cable TV, Common Area Taxes, Community Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Manager, Private Road, Recreational Facilities, Sewer, Trash, Water
  • Pet Restrictions: Buyer to verify all pet restrictions, / 100lbs.

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water District: PHILLIPI CREEK
  • Water: Public
  • Utility Description: Cable Connected, Electricity Connected, Fire Hydrant, Sewer Connected, Water Connected

Structural Information

  • Exterior Const.: Stucco
  • Roof: Concrete
  • Common Walls: Corner Unit, End Unit
  • Stories/Levels: One
  • Square Feet: 2,530
  • Sq. Ft. Source: Public Records
  • Year Built: 2006

Lot Features

  • Property View: City, Water
  • Lot Size (Acres): 0.46
  • Lot Size (Sq. Ft.): 20,134
  • Lot Size: 20134
  • Street/Road Desc.: Paved

Water Features

  • Water View: Yes
  • Water Access: Yes
  • Water Access Desc: Creek
  • Water Extras: Yes
  • Water Front Name: PHILLIPI CREEK

Financial Considerations

  • Assoc Fee Freq.: Monthly
  • Assoc Fee Desc.: Required
  • Condo Fee: $3,665
  • Condo Fee Freq: Quarterly
  • Tax Amount: $10,228
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Condominium
  • Special Conditions: None
  • Legal Description: UNIT 801, PHILLIPPI LANDINGS B
  • Flood Zone Info: X500
  • APN: 84082037
  • Property ID: 84082037

Listed by Keller Williams On The Water S

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— 5531 Cannes Cir #801 —

  • Keller Williams On The Water S

Get Pre-Approved Today

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 5531 Cannes Cir #801

School District:Sarasota County School District
NameGradesDistance
Phillippi Shores Elementary School
4747 South Tamiami Trail, Sarasota, FL 34231
PK-50.9 mi
Riverview High School, Sarasota, FL
1 Ram Way, Sarasota, FL 34231
9-121 mi
Brookside Middle School
3636 South Shade Avenue, Sarasota, FL 34239
6-81.9 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5531 Cannes Cir #801 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/18/2026
Price Reduced
$1,449,000
-3.34%
MLS
1/19/2026
Price Reduced
$1,499,000
-3.23%
MLS
12/08/2025
Price Reduced
$1,549,000
-3.13%
MLS
10/30/2025
Listed
$1,599,000
113.2%
MLS
4/19/2010
Sold
$750,000
—
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 5531 Cannes Cir #801

Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,273
-9%
$806,100
-2%
2024
$10,228
-12%
$822,300
-20%
2023
$11,584
27%
$1,024,000
46%
2021
$9,089
-11%
$699,700
-20%
2022
$10,257
13%
$872,500
30%
2021
$9,089
4%
$672,500
2%
2019
$8,704
-14%
$659,800
-15%
2018
$10,105
-24%
$772,500
-31%
2017
$13,236
3%
$1,127,300
4%
2016
$12,862
31%
$1,088,300
56%
2015
$9,826
8%
$699,000
9%
2014
$9,107
6%
$641,700
8%
2013
$8,601
—
$594,500
—
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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5531 Cannes Circle #801, Sarasota, FL 34231 (MLS# TB8438752) is a Condo property with 4 bedrooms and 3 full bathrooms. 5531 Cannes Circle #801 is currently listed for $1,449,000 and was received on October 30, 2025. Want to learn more about 5531 Cannes Circle #801? 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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