5531 Cannes Cir #403, photo 1
Active
1 / 42

Overview

2 bd2 ba1,706 sqft1 car garageCondominium
TypeCondominium
Condo dues$1,220/mo
Built2006
Lot20,134 sqft
Living area1,706 sqft
Price / sqft$410
Garage1 car

Ask anything about this home

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

About this home

Ceiling Fans(s)Crown MoldingLiving Room/Dining Room ComboStone CountersWindow TreatmentsBalconyLightingBuyer Approval Required

5531 Cannes Cir #403 is a 2006-built home in Phillippi Landings, Sarasota. Inside you'll find 2 bedrooms, 2 bathrooms, and 1,706 square feet of living space. Listed at $699,900 (about $410/sqft), 16 days on market. Flood zone X500 - outside the FEMA high-risk areas, which keeps insurance manageable. Condo dues run $1,220 monthly.

From the listing

Welcome to this fully updated Coastal Modern 2 bedroom + DEN , 2 bath dream WATERFRONT condo in sought-after gated Phillippi Landings! You’ll enjoy gorgeous sunsets from your private screened-in balcony overlooking Phillippi Creek, the Intracoastal Waterway and a glimpse of the Gulf of Mexico just beyond. Starting with the kitchen, you’ll be impressed by the quartz waterfall countertop, sleek appliances, crisp stylish cabinets, and a custom pantry with pull-out shelves. The primary bedroom enjoys beautiful waterfront views and a luxurious en-suite bathroom featuring a soaking tub, walk-in shower and dual sinks. The layout is designed for both entertaining and relaxation, secluding the guest bedroom and bathroom from the main living spaces offering privacy and separation for visitors. The den offers flexibility for adding more room for guests or as your home office. The open layout features engineered hardwood floors, crown molding, and updated designer lighting. Expansive windows frame spectacular, elevated water views right from the main living area and bedroom areas. Superbly located, you are just minutes from Sarasota’s vibrant cultural hub, world-famous Siesta Key Beach, and an array of premier dining and shopping destinations. Enjoy the heated community pool, fitness center, and dog park. Plus, an on-site kayak launch, kayak storage, and a scenic walkway. As well as a dedicated side-gate entrance to the neighboring Phillippi Harbor marina for boating enthusiasts. Make this gem your home today!

The essentials

Built
2006
Price / sqft
$410
On market
16 days
Annual tax
$676
Condo dues
$1,220/mo
Flood zone
X500 · Low risk
Lot
20,134 sqft
Type
Condominium

At a glance

High-rise condo
8 stories · 2006
Waterfront
Creek
Community pool
Fitness center too
1 car garage
Assigned
Private balcony
Outdoor space

Payment

Est. monthly payment
$5,276/mo
Down payment (20%)
$139,980
Property taxes
$56/mo
Condo dues
$1,220/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Condominium
Year Built
2006
Lot
20,134 sqft
Cooling
Central Air
Heating
Central
Parking
Assigned
Waterfront
Creek
Days on Market
16
Ceiling Fans(s)
Crown Molding
Living Room/Dining Room Combo
Stone Counters
Window Treatments
Balcony
Lighting
Buyer Approval Required
Clubhouse
Community Mailbox
Deed Restrictions
Dog Park
Fitness Center
Gated Community - No Guard
Pool
Built-in Oven
Dishwasher
Disposal
Dryer
Microwave
Refrigerator
Washer
Wine Refrigerator
Elementary
Phillippi Shores Elementary
Middle
Brookside Middle
High
Riverview High

Districts can re-zone, so verify directly with the district before relying on these.

Homestead exemption on file Flood Zone X500
Annual Tax (2025)
$676
Parcel #
0084082015

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
Phillippi Landings
County
Sarasota
MLS Area
34231 - Sarasota/Gulf Gate Branch
Lot Size
20,134 sqft
Condo dues
$1,220/mo
Civix Management

Price history

Date
Event
Price
9/27/2026
Listed for sale
Source: Stellar MLS #A4707218
$699,900
$410/sqft

Neighborhood

5531 Cannes Cir #403
Sarasota, FL, 34231 · 34231 - Sarasota/Gulf Gate Branch

Market insights

Offer Insights

Choose an offer strength

List price: $699,900
$670,000 – $699,900
95.8% – 100% of listTops out right at the list price
80% of listList price
36 of the last 71 condo closings in 34231 landed at this number or higher (51%). The median one sat 94 days before it went under contract, and this one is on day 16.

Sample: 71 closed condo sales in 34231 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

Talk through an offer with our team

Calculator

Est. monthly payment
$5,277/mo
Principal & interest$3,650
Property taxes$56
Insurance$350
HOA$1,220
Down payment20% · $139,980
Interest rate6.80%
Loan term

Not sure what you can afford?

Put in your household income and we will tell you where this payment sits.

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

$699,900

$410 per sq ft

Beds and baths

2 beds, 2 baths

Size

1,706 sq ft

Time on market

16 days

Year built

2006

Monthly payment

About $5,276/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $676 annual tax bill, insurance, and $1,220/mo in condo dues.

Condo dues

$1,220/mo

Managed by Civix Management.

Flood zone

Zone X500

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

Offer

What should I offer?

Have another question?

Brokered byWHITE SANDS REALTY GROUP FLListing agent: Carol Burke, PAListing data from Stellar MLS, MLS# A4707218.

Keep exploring Florida

Pick up where you left off, or see what else is out there.