3 months on rocket

5531 Cannes Cir Unit 503, Sarasota, FL, 34231

$649,000

Home List Price

$7,707*

Closing Credit

2 Bedrooms
2 Full Baths
1,706 SqFt
$380/SqFt
Condo

Location

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5531 Cannes Cir Unit 503, Sarasota$649,000

Buyer Closing Credits

$7,707*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingUnder Building
Attached GarageYes
Year Built2006
HeatingCentral
CoolingCentral Air
ViewWater
MLS #A4620728
StatusActive

About 5531 Cannes Cir Unit 503

Come and take in the spectacular views from the private balcony of this beautiful 5th floor condo in the secure, gated community of Phillippi Landings. Watch boats as they pass by on Phillippi Creek below, or enjoy the sunset over Siesta Key. This spacious condo has two bedrooms and two full baths, laundry, as well as an additional flex room perfect for a home office, media room, etc. Updates include a beautifully renovated guest bath, custom closets in the owner’s suite, new carpet in the guest bedroom, fresh paint throughout, and new AC. The kitchen features quartz counter tops and stainless steel appliances. A reserved covered parking space is provided for residents, and ample outdoor parking for guests. Secure, locked storage area is also provided. Residents of Phillippi Landings enjoy a range of on-site amenities, including a heated pool and spa, fitness center, dog park, and clubhouse with kitchen for catering & private gatherings. Marina slips available in close proximity (not owned by condo).Conveniently located minutes to downtown Sarasota, Siesta Key Beaches, shopping & restaurants. Fee includes amenities, insurance, grounds maintenance & reserve fund.

Property Details

Property Features

Property Information:

  • Architectural Style: Custom
  • Year Built: 2006
  • Stories: 1
  • Living Area: 1,706 SqFt

Listing Office:

  • Office Name: COLDWELL BANKER SARASOTA CENT.
  • Office Phone: (941) 487-5600
  • Listing Agent: Cynthia Bowers

Interior Features

Interior Information:

  • Appliances: Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Washer
  • Flooring Type: Carpet
  • Interior: Ceiling Fans(s), Eat-in Kitchen, Open Floorplan, Solid Wood Cabinets, Stone Counters, Window Treatments

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: Water
  • Exterior: Irrigation System, Outdoor Shower, Sidewalk, Sliding Doors

Parking Information:

  • Attached Garage: Yes
  • Parking: Under Building

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: 41 North of Stickney Point Rd. to left into Phillippi Landings.

Price Information

Listing Price Info

Price Summary:

  • List Price: $649,000
  • Price Per SqFt: $380/SqFt

HOA Fees:

  • Amount: $2800
  • Frequency: Quarterly
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Housing Market Comparison

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

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Sarasota, FL

City

Med. Sold Price

$515.5K

Med. Price/SqFt

$302

Avg. Days On Market

76

# of Sold Homes

297

5531 Cannes Cir Unit 503 vs Sarasota

119 DAYS ON ROCKET

+43 Days

$649,000

+$133.4K More

$380/SqFt

+$77 More

KEY TAKEAWAY

This property is $133.4K more than the Median Sold Price and $77/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: #A4620728

Listing Office:

  • Office Name: COLDWELL BANKER SARASOTA CENT.
  • Office Phone: (941) 487-5600
  • Listing Agent: Cynthia Bowers

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.
Last updated on: 12/18/2024, 9:19:56 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

$4,240

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,012

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.

Nearby Schools

school-card-donut-4470712
8
/10

  • Phillippi Shores Elementary School

  • 4747 S Tamiami Trl

  • 0.84 miles

  • Public Magnet Grades PK-5

school-card-donut-4470713
6
/10

  • Gulf Gate Elementary School

  • 6500 S Lockwood Ridge Rd

  • 1.65 miles

  • Public District Grades PK-5

school-card-donut-4470714
5
/10

  • Wilkinson Elementary School

  • 3400 Wilkinson Rd

  • 2.22 miles

  • Public District Grades PK-5

All data from GreatSchools

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. Typical family type is married, no kids. Most 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 503

What is the listing price of this property?

The listing price of 5531 Cannes Cir Unit 503 property is $649,000.

What type of property is this?

The property 5531 Cannes Cir Unit 503 is a condo located in Sarasota, Florida, 34231.

Is this property for sale now?

Active Listing: 5531 Cannes Cir Unit 503 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 5531 Cannes Cir Unit 503 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 5531 Cannes Cir Unit 503 is 1,706 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5531 Cannes Cir Unit 503 is 2006.

Rocket Homes›Florida›Sarasota County›Sarasota›34231›5531 Cannes Cir Unit 503

This home is located at 5531 Cannes Cir Unit 503 in Sarasota, FL and zip code 34231 in the West of Trail neighborhood. This 1,706 square foot home was built in 2006. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since August 20, 2024 and is currently priced at $649,000.

In November 2024, from all listings sold in Sarasota, FL there were more than 12 sold above asking price, over 237 sold below and more than 48 were sold right at the asked price. The inventory of homes for sale in Sarasota, FL between October 2024 and November 2024 increased by 9.7%. In November 2024 median list price was $515,531 and the average listing age was 76 days.

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

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