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$3,990,000
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Property Description
One or more photo(s) has been virtually staged. A truly exceptional opportunity, this premier point-lot estate in Dolphin Cove represents one of Sarasota's most coveted waterfront opportunities. Perfectly positioned on Sarasota Bay, the property boasts approximately 210 feet of deep-water frontage, ideal for large yachts and sailboats, with panoramic, unobstructed bay views that feel endless. Whether your vision is to expand the existing residence, downsize in style, build a custom waterfront masterpiece, this rare property provides remarkable flexibility. The home now features a brand-new dock, along with newly enhanced elevation for peace of mind. Tucked away on a quiet cul-de-sac, the residence is designed to maximize its stunning setting, with walls of windows framing the water from nearly every angle. The open-concept Florida-style layout includes a split floor plan with two primary suites, one offering direct pool access. The chef's kitchen is thoughtfully designed with premium finishes and functionality in mind: quartzite countertops (harder than granite with a soft, non-glare finish), custom solid-wood cabinetry, dual dishwashers, oversized sink, under-counter water filtration, double ovens with convection and roasting capabilities, a paneled refrigerator with ice maker, and two built-in wine refrigerators. The living and dining areas are equipped with motorized sun-filtering blinds, allowing effortless control of light and views. The main primary suite features a spa-style bath with dual vanities, a Jacuzzi soaking tub, walk-in shower, walk-in closet, and an electric fireplace (with a wood-burning option behind it), all opening seamlessly to the backyard and waterfront beyond. Outdoor living is elevated with a covered rear patio addition, complete with a professional-grade outdoor grill and rotisserie, finished in Italian shell-stone pavers compressed to 4% porosity-beautiful, durable, and resistant to staining. The PebbleTec swimming pool is surrounded by matching shell-stone decking accented with natural oblong shells that shimmer in the sunlight. Boating enthusiasts will appreciate the brand new private dock with a 13,000-pound boat lift, strategically placed along the right side of the seawall to preserve uninterrupted water views-no dock blocking your horizon here. Additional features include a concrete tile roof with a modified bitumen secondary membrane, hurricane-impact windows and doors, high-efficiency HVAC with updated ductwork, new water supply lines, an 80-gallon water heater, private well with zoned irrigation, and a two-and-a-half-car garage with sink and hurricane-rated doors. The seller reports that county guidelines (buyer to verify) allow for a structure of approximately 5,537 square feet on the main level, with the potential for a second story-an exceptionally rare opportunity for waterfront construction of this scale. This is a one-of-a-kind Sarasota Bay property offering privacy, scale, and timeless waterfront appeal. Please schedule s showing to fully appreciate the details and setting of this extraordinary home.
Full Property Details
Full Property Details for 7692 Cove Terrace
General
- Price: $3,990,000
- HOA FEE: $13/month
- HOA FEE FREQ.: Annually
- Taxes: $24,467 (2025)
- Status: Active
- Type: Single Family
- Source: MidFloridaRegionalMLS
- MLS ID: A4680569
- Updated: 2/27/2026
- Added to Site: 18 day(s) ago
Rental Information
- Min. Lease: No Minimum
Interior
- Number of Rooms: 12
- Interior Features: Built-in Features, Ceiling Fan(s), Crown Molding, Eating Space In Kitchen, Kitchen and Family Room Combination, Living Room/Dining Room Combo, Open Floorplan, Pest Guard System, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Stone Counters, Thermostat, Walk-In Closet(s)
- Appliances: Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Kitchen Reverse Osmosis System, Microwave, Range Hood, Refrigerator, Washer, Water Filtration System, Water Purifier, Whole House R.O. System, Wine Refrigerator
- Furnishings: Unfurnished
- Flooring: Ceramic Tile, Hardwood
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Inside, Laundry Room
Additional Information
- Pool: Yes
- Private Pool: Yes
- Pool Description: Gunite, In Ground, Lighting
Exterior
- Exterior Features: French Doors, Irrigation System, Lighting, Outdoor Grill, Rain Gutters, Sliding Doors
- Deck/Patio: Covered, Rear Porch
- Porch/Patio/Deck: Covered, Rear Porch
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 2
- Covered Spaces: 2
- Parking Features: Driveway, Garage Door Opener, Oversized
Location
- Area: 34231 - Sarasota/Gulf Gate Branch
- County: Sarasota
- Development Name: 34231 - Sarasota/Gulf Gate Branch
- Subdivision: SOUTHPOINTE SHORES
- Driving Directions: from Tamiami Trail turn onto Southpoint Dr, turn left onto Cove Terrace, the property is located on the right inn the cut-de-sac
- Direction Faces: East
School Information
- Elementary School: Gulf Gate Elementary
- Middle School: Brookside Middle
- High School: Riverview High
Community
- Community Name: 34231 - Sarasota/Gulf Gate Branch
- Association: Yes
- Pet Restrictions: no restrictions
Heating & Cooling
- Cooling Type: Central Air, Zoned
- Heating Type: Central, Zoned
Utilities
- Sewer: Septic Tank
- Water District: SARASOTA BAY
- Water: Private, Well
- Utility Description: Cable TV Available, Electricity Available, Fiber Optics, Sprinkler Well
Structural Information
- Exterior Const.: Block
- Roof: Tile
- Windows: ENERGY STAR Qualified Windows, Insulated Windows, Low-Emissivity Windows, Thermal Windows
- Stories/Levels: One
- Square Feet: 2,640
- Sq. Ft. Source: Public Records
- Year Built: 1972
Lot Features
- Property View: Water
- Lot Size (Acres): 0.36
- Lot Size (Sq. Ft.): 15,822
- Lot Size: 15822
- Frontage: Street Dead-End, Street Paved
- Street/Road Desc.: Paved
Water Features
- Water Front: Yes
- Water View: Yes
- Water Access: Yes
- Water Access Desc: Bay/Harbor, Intracoastal Waterway
- Water Extras: Yes
- Water Front Name: SARASOTA BAY
- Water Front Desc.: Bay/Harbor
Financial Considerations
- Association Fee: $150
- Assoc Fee Freq.: Annually
- Assoc Fee Desc.: Optional
- Tax Amount: $24,467.43
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: LOT 79 SOUTHPOINTE SHORES REPLAT OF UNIT 2
- Flood Zone Info: AE*
- APN: 112130001
- Property ID: 112130001
Listed by Bright Realty
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Schools
Schools serving 7692 Cove Terrace
School District:Sarasota County School District
| Name | Grades | Distance |
|---|---|---|
Gulf Gate Elementary School 6500 South Lockwood Ridge Road, Sarasota, FL 34231 | PK-5 | 1.5 mi |
Riverview High School, Sarasota, FL 1 Ram Way, Sarasota, FL 34231 | 9-12 | 2.9 mi |
Brookside Middle School 3636 South Shade Avenue, Sarasota, FL 34239 | 6-8 | 4.2 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 7692 Cove Terrace
Date
Details
Price
Change
Source
2/10/2026
Listed
$3,990,000
73.48%
MLS
9/18/2020
Sold
$2,300,000
—
Public Record
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
Tax History for 7692 Cove Terrace
Year
Property Taxes
Change
Tax Assessment
Change
2025
$23,605
-17%
$2,047,400
-24%
2024
$28,488
-5%
$2,692,100
-13%
2023
$29,993
53%
$3,080,700
99%
2021
$19,618
-26%
$1,551,900
-41%
2022
$26,390
35%
$2,611,100
179%
2021
$19,618
70%
$937,482
2%
2019
$11,546
2%
$916,405
2%
2018
$11,334
—
$899,318
2%
2017
$11,298
—
$880,821
2%
2016
$11,286
-2%
$862,704
1%
2015
$11,497
—
$856,707
1%
2014
$11,462
—
$849,908
2%
2013
$11,433
—
$836,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 7692 Cove Terrace
7692 Cove Terrace, Sarasota, FL 34231 (MLS# A4680569) is a Single Family property with 3 bedrooms and 3 full bathrooms. 7692 Cove Terrace is currently listed for $3,990,000 and was received on February 10, 2026. Want to learn more about 7692 Cove Terrace? Do you have questions about finding other Single Family real estate for sale in Sarasota? You can browse all Sarasota real estate or contact a Coldwell Banker agent to request more information.

