1500 Cove II Place #531, photo 1
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Overview

2 bd2 ba860 sqftCondominium
TypeCondominium
Condo dues$1,020/mo
Built1979
Living area860 sqft
Price / sqft$639

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

Open house

Friday, Oct 16 · 12:00 PM to 2:00 PM

About this home

Open FloorplanBalconyBuyer Approval RequiredDeed RestrictionsFitness CenterPoolTennis Court(s)Dishwasher

1500 Cove II Place #531 is a 1979-built home in Midnight Cove II, Sarasota. Inside you'll find 2 bedrooms, 2 bathrooms, and 860 square feet of living space. Listed at $549,900 (about $639/sqft), 127 days on market. Flood zone X500 - outside the FEMA high-risk areas, which keeps insurance manageable. Condo dues run $1,020 monthly.

From the listing

Experience the ultimate Siesta Key lifestyle in this turnkey-furnished condominium at Midnight Cove II, ideally situated on beautiful Crescent Beach. Enjoy stunning water and pool views from your private balcony while taking advantage of the community's highly sought after weekly rental program, making this an exceptional investment opportunity, vacation retreat, or personal getaway. The open floor plan creates a bright and inviting living space perfect for relaxing or entertaining. Residents and guests enjoy deeded access to the powdery crystal sands of world famous Siesta Beach, along with resort style amenities including a heated pool, tennis courts, pickleball, fitness center, barbecue area, boat docks, on-site management, and beautifully maintained grounds. Leave the car behind and hop on the trolley to Siesta Key Village or enjoy a short walk to South Village's restaurants, shops, and entertainment. Conveniently located near Sarasota and St. Armands Circle, this property offers the perfect blend of island living and mainland convenience. Whether you're looking for a beachfront escape or a proven income producing property, this is your opportunity to own a piece of paradise on Crescent Beach.

The essentials

Built
1979
Price / sqft
$639
On market
127 days
Annual tax
$5,256
Condo dues
$1,020/mo
Flood zone
X500 · Low risk
Type
Condominium

At a glance

Condo
3 stories · 1979
Community pool
Fitness center too
Private balcony
Outdoor space
860 sqft
Living area

Payment

Est. monthly payment
$4,601/mo
Down payment (20%)
$109,980
Property taxes
$438/mo
Condo dues
$1,020/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Condominium
Year Built
1979
Lot
-
Cooling
Central Air
Heating
Central
Parking
-
Days on Market
127
Open Floorplan
Balcony
Buyer Approval Required
Deed Restrictions
Fitness Center
Pool
Tennis Court(s)
Dishwasher
Disposal
Electric Water Heater
Microwave
Range
Refrigerator
Flood Zone X500
Annual Tax (2025)
$5,256
Parcel #
0108016073

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
Midnight Cove II
County
Sarasota
MLS Area
34242 - Sarasota/Crescent Beach/Siesta Key
Condo dues
$1,020/mo
David Pilkey

Price history

Date
Event
Price
6/10/2026
Listed for sale
Source: Stellar MLS #N6144663
$549,900
$639/sqft

Neighborhood

1500 Cove II Place #531
Sarasota, FL, 34242 · 34242 - Sarasota/Crescent Beach/Siesta Key

Market insights

Offer Insights

Choose an offer strength

List price: $549,900
$525,000 – $549,900
95.7% – 100% of listTops out right at the list price
80% of listList price
54 of the last 106 condo closings in 34242 landed at this number or higher (51%). The median one sat 122 days before it went under contract, and this one is on day 127.

Sample: 106 closed condo sales in 34242 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

Talk through an offer with our team

Calculator

Est. monthly payment
$4,601/mo
Principal & interest$2,868
Property taxes$438
Insurance$275
HOA$1,020
Down payment20% · $109,980
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

$549,900

$639 per sq ft

Beds and baths

2 beds, 2 baths

Size

860 sq ft

Time on market

127 days

Year built

1979

Monthly payment

About $4,601/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $5,256 annual tax bill, insurance, and $1,020/mo in condo dues.

Condo dues

$1,020/mo

Managed by David Pilkey.

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 byRE/MAX PALM REALTY OF VENICEListing agent: Kimberly EudyListing data from Stellar MLS, MLS# N6144663.

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