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Overview

3 bd2 ba3,324 sqft1 car garageSingle Family
TypeSingle Family
HOA$295/yr
Built1959
Lot14,804 sqft
Living area3,324 sqft
Price / sqft$299
Garage1 car

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Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

About this home

Built-in FeaturesCathedral Ceiling(s)Ceiling Fans(s)High CeilingsPrimary Bedroom Main FloorSolid Wood CabinetsSplit BedroomStone Counters

7616 Cove Ter is a 1959-built home in Southpointe Shores, Sarasota. Inside you'll find 3 bedrooms, 2 bathrooms, and 3,324 square feet of living space. Listed at $994,000 (about $299/sqft), 64 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable. HOA runs $295 annually.

From the listing

LIVE THE WATERFRONT & BOATING LIFESTYLE in highly desirable SOUTHPOINTE SHORES! Perfectly positioned DIRECTLY ACROSS THE STREET FROM THE COMMUNITY BOAT RAMP AND DOCK—approximately 100 feet away—this 3BR/2BA home offers exceptional convenience for boating enthusiasts. Keep your boat right on your property, prep it at home, and launch without the hassle or wait of a public boat ramp. At the end of the day, simply back your trailer from your driveway to the ramp, load up, and you're home! Southpointe Shores provides DIRECT ACCESS TO THE INTRACOASTAL WATERWAY and, with the reopening of Midnight Pass, offers convenient access to the Gulf of Mexico—making this an outstanding location for fishing, boating, and enjoying Sarasota's coastal lifestyle. Situated on an 14,000+ SQ. FT. LOT, the property features a large driveway with ample parking for multiple vehicles. A shelled side yard with a substantial privacy gate provides dedicated space for BOAT OR RV PARKING. There's also plenty of room to add a POOL and potentially a large garage, creating even more possibilities for this spacious property. Per the Sarasota County Property Appraiser, the structure is located in ZONE X. A private well at the rear of the property supplies irrigation, while the well house also provides convenient WATER AND POWER for a boat or recreational vehicle. For added peace of mind, the home is PRE-WIRED FOR A GENERATOR CONNECTION capable of powering the entire residence when paired with the appropriate generator. Inside, an open floor plan and large windows create a bright, welcoming living space filled with natural light. The front & rear entry doors, as well as the garage door, are HURRICANE-RATED DOORS, and all windows are protected by HURRICANE SHUTTERS. The spacious kitchen is light and bright with NEWER APPLIANCES, COUNTERTOPS, AND CABINETRY. Both bathrooms have been recently updated, including new in-ground plumbing, tile, and cabinetry. The remodeled primary bath is especially impressive, featuring a LARGE ZERO-ENTRY SHOWER with dual shower heads designed for both standing and seated bathing. The primary suite offers generous space along with a large walk-in closet. With its expansive lot, boat and RV accommodations, numerous updates, and a community boat ramp just steps from the driveway, this Southpointe Shores home offers a rare opportunity to enjoy the Sarasota boating lifestyle with exceptional ease and convenience.

The essentials

Built
1959
Price / sqft
$299
On market
64 days
Annual tax
$4,609
HOA
$295/yr
Flood zone
X · Low risk
Lot
14,804 sqft
Type
Single Family Residence

At a glance

Single family
Built 1959
1 car garage
0.34 acres
Lot size
3,324 sqft
Living area

Payment

Est. monthly payment
$6,090/mo
Down payment (20%)
$198,800
Property taxes
$384/mo
HOA
$295/yr
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Single Family Residence
Year Built
1959
Lot
14,804 sqft
Cooling
Central Air, Humidity Control
Heating
Central
Parking
-
Days on Market
64
Built-in Features
Cathedral Ceiling(s)
Ceiling Fans(s)
High Ceilings
Primary Bedroom Main Floor
Solid Wood Cabinets
Split Bedroom
Stone Counters
Thermostat
Walk-in Closet(s)
Window Treatments
Awning(s)
Hurricane Shutters
Private Yard
Built-in Oven
Cooktop
Dishwasher
Disposal
Dryer
Exhaust Fan
Microwave
Range Hood
Refrigerator
Tankless Water Heater
Washer
Homestead exemption on file Flood Zone X
Annual Tax (2025)
$4,609
Parcel #
0112120029

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Southpointe Shores
County
Sarasota
MLS Area
34231 - Sarasota/Gulf Gate Branch
Lot Size
14,804 sqft
In CountyIrregular LotLandscapedNear MarinaPaved
HOA
$295/yr

Price history

Date
Event
Price
9/8/2026
Price change
Source: Stellar MLS #A4699941
$994,000-0.1%
$299/sqft
8/11/2026
Listed for sale
Source: Stellar MLS #A4699941
$995,000
$299/sqft

Neighborhood

7616 Cove Ter
Sarasota, FL, 34231 · 34231 - Sarasota/Gulf Gate Branch

Market insights

Offer Insights

Choose an offer strength

List price: $994,000
$960,000 – $994,000
96.4% – 100% of listTops out right at the list price
80% of listList price
104 of the last 206 home closings in 34231 landed at this number or higher (50%). The median one sat 40 days before it went under contract, and this one is on day 64 after a $1,000 cut.

Sample: 206 closed home sales in 34231 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

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Calculator

Est. monthly payment
$6,090/mo
Principal & interest$5,184
Property taxes$384
Insurance$497
HOA$25
Down payment20% · $198,800
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. HOA includes any condo dues reported on the listing. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$994,000

$299 per sq ft

Beds and baths

3 beds, 2 baths

Size

3,324 sq ft

Time on market

64 days

Year built

1959

Monthly payment

About $6,090/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $4,609 annual tax bill, insurance, and the $295/yr HOA fee.

HOA fee

$295/yr

Flood zone

Zone X

That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.

Offer

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Brokered byANDREWS & ASSOCIATES REALTYListing agent: Tony AndrewsListing data from Stellar MLS, MLS# A4699941.

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