2 months on rocket

5531 Cannes Cir Unit 503, Sarasota, FL, 34231

$699,000

Home List Price

$8,301*

Closing Credit

2 Bedrooms
2 Full Baths
1,706 SqFt
$410/SqFt
Condo

Location

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5531 Cannes Cir Unit 503, Sarasota$699,000

Buyer Closing Credits

$8,301*

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

Gated waterfront condo in popular Phillippi Landings. Beautifully updated unit with wood floors in the main living area & master bedroom, guest bedroom has new carpet. Home has been freshly painted & has a new AC. 5th floor unit with private terrace overlooking Phillippi Estate Park & Phillippi Creek. Condo features 2 bedrooms with 2 full baths plus a den. Kitchen with wood cabinets, granite counters & stainless appliances. Marina slips available in in close proximity (not owned by condo). Dedicated under building parking for 1 car with storage area. Clubhouse with kitchen for catering & private gatherings. Enjoy fitness & heated pool & spa. Conveniently located minutes to downtown Sarasota, Siesta Key Beaches, shopping & restaurants. Fee includes amenities, insurance, ground 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

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

Price Information

Listing Price Info

Price Summary:

  • List Price: $699,000
  • Price Per SqFt: $410/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

$521.7K

Med. Price/SqFt

$307

Avg. Days On Market

67

# of Sold Homes

301

5531 Cannes Cir Unit 503 vs Sarasota

72 DAYS ON ROCKET

+5 Days

$699,000

+$177.2K More

$410/SqFt

+$103 More

KEY TAKEAWAY

This property is $177.2K more than the Median Sold Price and $103/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: 10/31/2024, 10:19:50 PM 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

$4,489

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,162

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-882958
8
/10

  • Phillippi Shores Elementary School

  • 4747 S Tamiami Trl

  • 0.85 miles

  • Public District Grades PK-5

Middle School

school-card-donut-882959
5
/10

  • Brookside Middle School

  • 3636 S Shade Ave

  • 1.93 miles

  • Public District Grades 6-8

High School

school-card-donut-882960
6
/10

  • Riverview High School

  • 1 Ram Way

  • 1.02 miles

  • Public Magnet Grades 9-12

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. Residents typically live in married, no kids family. Residents of this area typically 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 $699,000.

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.

What are the assigned schools for this property?

The assigned schools for 5531 Cannes Cir Unit 503 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 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 $699,000.

In September 2024 more than 19 listings in Sarasota, FL were sold above the asking price. During the same period more than 64 listings were sold at asking price, while more than 218 were sold below. The inventory of homes for sale in Sarasota, FL between August 2024 and September 2024 decreased by 2.1%. The median list price of listings available in September 2024 was $521,731, while the average time on the real estate market was 67 days.

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

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