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Sold for $1,358,000
    • $1,358,000

    5531 CANNES CIRCLE #801, SARASOTA, FL 34231

    4beds
    2,530sqft
    Condominium
    Built in 2006
    -- sqft lot
    $1,348,300 Zestimate®
    $537/sqft
    $3,639 Estimated rent

    Home value

    $1,348,300

    $1.23M - $1.48M

    $3,639/mo

    Zestimate® history
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    What's special

    Abundance of natural lightGranite countertopsSpa-like bathroomCustom cabinetryGourmet kitchenSoaking tubCozy dining area
    LUXURY PENTHOUSE WITH PRIVATE BOAT SLIP, OVER 1,000 SQFT TERRACE, and breathtaking views of the Downtown Sarasota skyline, Sarasota Bay, the Gulf, and Phillippi Creek! This one-of-a-kind residence truly defines coastal elegance and sophistication. Complete with an elevator that opens right into the unit, and 2-CAR GARAGE, this exclusive penthouse offers the ultimate combination of privacy, luxury, and convenience. Located directly on the Intercoastal water just minutes from the Gulf, you’re welcomed into this unit by 12-foot ceilings and an abundance of natural light streaming through the expansive windows, showcasing panoramic water and city views from nearly every room. The gourmet kitchen is a chef’s dream, featuring high-end KitchenAid appliances, granite countertops, an induction cooktop with hood, and beautiful custom cabinetry. Adjacent to the kitchen, a cozy dining area offers the perfect spot for casual meals, while the open-concept living room is ideal for entertaining—all while taking in the incredible scenery. The spacious owner’s suite is a serene retreat, complete with access to a SECOND BALCONY/TERRACE, dual closets, and a spa-like bathroom with a walk-in shower, soaking tub, and dual vanities. The second and third bedrooms, located in the opposite wing for privacy, share a well-appointed bathroom—perfect for guests. The fourth versatile bedroom doubles as an office or den, with a full bathroom conveniently nearby. Step outside to the expansive 1,000+sqft terrace—a rare feature in Sarasota—where you can unwind, dine, and entertain while enjoying the magnificent views after a day out on the water from your PRIVATE BOAT SLIP. Additionally, hurricane windows and doors offer peace of mind. Just a short stroll away, the gated community amenities include a heated pool and spa, fitness center, clubhouse with catering kitchen and bar area, kayak launch, and a dog park, all nestled within a secure and beautifully maintained waterfront setting. Opportunities like this are extraordinarily rare in Sarasota—a true penthouse lifestyle offering unmatched outdoor space, panoramic views, and private boating access all in one luxurious package.

    Zillow last checked:

    Listing updated:

    Listed by:

    Blake Lindenmeyer 217-508-3098,

    KELLER WILLIAMS ON THE WATER S 941-803-7522

    Bought with:

    Blake Lindenmeyer, 3508944

    KELLER WILLIAMS ON THE WATER S

    Source: Stellar MLS,MLS#: TB8438752MLS LogoOriginating MLS: Sarasota - Manatee

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • Full bathrooms: 3
    Primary bedroom
    • Features: Built-in Closet
    • Level: First
    • Area: 300 Square Feet
    • Dimensions: 20x15
    Bedroom 2
    • Features: Built-in Closet
    • Level: First
    • Area: 143 Square Feet
    • Dimensions: 13x11
    Bedroom 3
    • Features: Built-in Closet
    • Level: First
    • Area: 121 Square Feet
    • Dimensions: 11x11
    Bedroom 4
    • Features: Built-in Closet
    • Level: First
    • Area: 121 Square Feet
    • Dimensions: 11x11
    Kitchen
    • Level: First
    • Area: 336 Square Feet
    • Dimensions: 24x14
    Living room
    • Level: First
    • Area: 272 Square Feet
    • Dimensions: 16x17
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
    • Laundry: Inside, Laundry Room
    Features
    • Crown Molding, Eating Space In Kitchen, Elevator, Primary Bedroom Main Floor, Solid Wood Cabinets, Stone Counters, Thermostat, Tray Ceiling(s), Walk-In Closet(s)
    • Flooring: Tile
    • Windows: Window Treatments
    • Has fireplace: No
    • Common walls with other units/homes: Corner Unit,End Unit
    Interior area
    • Total structure area: 3,760
    • Total interior livable area: 2,530 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage - Attached
    • Attached garage spaces: 2
    Features
    • Levels: One
    • Stories: 1
    • Exterior features: Balcony, Boat Slip
    • Has view: Yes
    • View description: City, Water
    • Water view: Water
    • Waterfront features: Creek Access
    • Body of water: PHILLIPI CREEK
    Lot
    • Size: 0.46 Acres
    Details
    • Parcel number: 0084082037
    • Zoning: RMF4
    • Special conditions: None

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium
    Materials
    • Stucco
    • Foundation: Pillar/Post/Pier
    • Roof: Concrete
    Condition
    • New construction: No
    • Year built: 2006

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Connected, Electricity Connected, Fire Hydrant, Sewer Connected, Water Connected

    Community & HOA

    Community
    • Features: Boat Slip, Dock, Fitness Center, Pool, Sidewalks
    • Pet fee: $0 monthly
    • Subdivision: PHILLIPPI LANDINGS
    HOA
    • Has HOA: Yes
    • Amenities included: Elevator(s), Fitness Center, Gated
    • Services included: Cable TV, Common Area Taxes, Community Pool, Reserve Fund, Insurance, Maintenance Structure, Maintenance Grounds, Manager, Private Road, Recreational Facilities, Sewer, Trash, Water
    • HOA fee: $1,261 monthly
    • HOA name: Casey Management
    • HOA phone: 941-922-3391
    Location
    • Region: Sarasota

    Financial & listing details

    • Price per square foot: $537/sqft
    • Tax assessed value: $806,100
    • Annual tax amount: $10,228
    • Date on market: 10/30/2025
    • Cumulative days on market: 114 days
    • Listing terms: Cash,Conventional
    • Ownership: Condominium
    • Total actual rent: 0
    • Electric utility on property: Yes
    • Road surface type: Paved

    Price history

    DateEventPrice
    4/3/2026Sold$1,358,000-6.3%$537/sqft
    Source: Stellar MLS #TB8438752 Report a problem
    3/3/2026Pending sale$1,449,000$573/sqft
    Source: Stellar MLS #TB8438752 Report a problem
    2/18/2026Price change$1,449,000-3.3%$573/sqft
    Source: Stellar MLS #TB8438752 Report a problem
    1/19/2026Price change$1,499,000-3.2%$592/sqft
    Source: Stellar MLS #TB8438752 Report a problem
    12/8/2025Price change$1,549,000-3.1%$612/sqft
    Source: Stellar MLS #TB8438752 Report a problem
    12/2/2025Listed for sale$1,599,000$632/sqft
    Source: Stellar MLS #TB8438752 Report a problem
    11/26/2025Pending sale$1,599,000$632/sqft
    Source: Stellar MLS #TB8438752 Report a problem
    11/4/2025Listed for sale$1,599,000$632/sqft
    Source: Stellar MLS #TB8438752 Report a problem
    11/2/2025Pending sale$1,599,000$632/sqft
    Source: Stellar MLS #TB8438752 Report a problem
    10/30/2025Listed for sale$1,599,000+113.2%$632/sqft
    Source: Stellar MLS #TB8438752 Report a problem
    4/21/2010Sold$750,000$296/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$10,105 -1.2%$806,100 -2%
    2024$10,228 -11.7%$822,300 -2.9%
    2023$11,584 +12.9%$846,637 +10%
    2022$10,257 +12.8%$769,670 +10%
    2021$9,089 +1.8%$699,700 +4%
    2020$8,927 +2.6%$672,500 +1.9%
    2019$8,704 $659,800 -14.6%
    2018$8,704 -13.9%$772,500 -8.7%
    2017$10,105 +2.8%$845,790 -22.3%
    2016$9,826 $1,088,300 +55.7%
    2015$9,826 +7.9%$699,000 +17.6%
    2014$9,107 +5.9%$594,500
    2013$8,601 +1.6%$594,500 +0.7%
    2012$8,462 -0.1%$590,500 -1.9%
    2011$8,474 -19.4%$601,900 -18.1%
    2010$10,519 -22.9%$734,800 -11.6%
    2009$13,635 $831,000 -20%
    2008$13,635 -8.3%$1,038,700 -8%
    2007$14,862 $1,129,000
    Find assessor info on the county website

    Neighborhood: South Sarasota

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Phillippi Shores Elementary
    • Middle: Brookside Middle
    • High: Riverview High

    Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $1,348,300
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,348,300

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