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Neighborhood · Sarasota, Florida

Pelican Cove

Gated bayfront living on Sarasota's Little Sarasota Bay

12

Homes for sale

$357,500

Median list price

$305

Avg price / sqft

30

Median days on market

Search Pelican Cove on the map

Pelican Cove is a gated, waterfront community tucked along Little Sarasota Bay on Sarasota's south side, where boat access and mature landscaping set the tone for daily life. Of the nine homes on the market right now, five sit on the water and eight are behind the gate — a quiet, established pocket rather than a build-out of new construction. It's an easy fit for buyers who want condo-style ease with a genuine connection to the bay, and it keeps you close to the wider Sarasota homes for sale market and the beaches of Lido Key.

For a buyer today, the numbers tell a fast-moving story. The median list price is $375,000, ranging from $240,000 to $529,800, and homes are averaging $308 per square foot on a median size of about 1,320 square feet. Fifty homes sold over the past year at a median of $348,750, and with a median of just one day on market, well-priced units don't sit — though sellers are averaging 93% of asking, so there's room to negotiate. If Pelican Cove feels tight, nearby options like Arlington Park and the Rosemary District are worth a look.

Pelican Cove is a community in Sarasota, Florida.

Quick facts

$220,000 – $530K price range

1,284 sqft median home

$807/mo median HOA

$2,000/mo median rent

55 sold in 12 months

Drive times

Downtown Tampa≈ 73 min

On the market now

Homes for sale in Pelican Cove

Every active listing inside the Pelican Cove boundary

Open full map search →

Find your fit

Browse Pelican Cove

By feature — on the live map

Where the market lives

2
7
2
1
$200K–$300K$300K–$400K$400K–$500K$500K–$750K

The numbers that matter

The Pelican Cove market

55

Sold, last 12 months

$339,000

Median sold price

94%

Sale-to-list ratio

What sellers actually get vs asking

60 days

Median time to sell

Pelican Cove vs Sarasota

Median list price

Pelican Cove$358K
Sarasota Co.$550K

Price per sqft

Pelican Cove$305
Sarasota Co.$485

Days on market

Pelican Cove30d
Sarasota Co.85d

Median sold price — 3-yr, 3-mo rolling

▲ 30.9% yr/yr

$240K$420K$599KOct ’23Sep ’26

Homes sold per month

0612Jun ’24Sep ’26

Live Stellar MLS data — every listing and closed sale inside the Pelican Cove boundary. Rolling medians smooth single-month swings in small communities.

For the school run

Schools Pelican Cove is zoned for

Attendance boundaries overlapping this community — always verify zoning with the district.

What it really costs

Owning here

Owning the median Pelican Cove home

≈ $3,193/mo

Principal & interest $1,884
Property tax $292
HOA / fees $807
Insurance (est.) $210

$357,500 median · 20% down · 30-yr fixed at 6.9% · taxes/HOA from live listing data · insurance is a Florida estimate.

$807/mo

Median HOA

From current listings inside the boundary

$2,000/mo

Median rent

Homes for rent inside the boundary

Population

907

Median age

65

Median income

$106,943

Median home value

$426,332

Beyond the listings

Living in Pelican Cove

Appearance oriented

Top 10% in the U.S.

Trend Trackers

This population lives as fast as the culture. They like to keep up with the latest trends, especially when it comes to apparel and accessories.

Culture

Top 11% in the U.S.

Sites to See

This population finds the most beautiful sites just by looking up. Sunrise, sunset or sometime in between, these people love to marvel at man-made and natural wonders.

Hobbies & Interests

Top 17% in the U.S.

Dog Lovers

Pups are just another member of the family. Dog lovers adore their tail-wagging friends and are looking for new ways to make them happy.

Lifestyles

Top 17% in the U.S.

Wealth Signaling

Interested in the finer things life has to offer, this population wants to display their lifestyle by discussing luxury products. Often references jewelry, cars, and home features.

Hobbies & Interests

Top 18% in the U.S.

Animal Advocates

Passionate about animal welfare, this population wants to know how best to care for their own pets (with toys and training) and help other animals find their fur-ever home.

Beliefs

Top 20% in the U.S.

Local Engagement

These citizens want to make their neighborhood a better, more beautiful place to live. They're attentive to the needs and affairs of the local community.

Straight answers

Pelican Cove FAQs

Is Pelican Cove a good place to live?+

It's a gated bayfront community that suits buyers wanting quiet, established surroundings with genuine water access — five of nine current listings are waterfront and eight are gated. The setting is close to downtown Sarasota and the beaches of Lido Key, which makes it practical as well as scenic.

Is Pelican Cove expensive?+

It's relatively attainable for waterfront Sarasota, with a median list price of $375,000 and homes ranging from $240,000 to $529,800. At an average of $308 per square foot, it costs less than many of Sarasota's bayfront enclaves while still offering gated, water-access living.

What do homes cost in Pelican Cove?+

The median list price is currently $375,000, and the median home is about 1,320 square feet at $308 per square foot. Over the past year, 50 homes sold at a median price of $348,750, so actual closings have run a bit below current asking.

How is the market in Pelican Cove?+

It's quick — the median days on market is just one, meaning well-priced homes go fast. With only nine active listings against 50 sales in the past year, inventory is tight, though sellers are averaging 93% of asking, so there's still room to negotiate.

What about HOA fees and taxes in Pelican Cove?+

The median HOA fee runs about $842 per month, which reflects the gated, amenity-supported community structure. Median annual property tax is around $4,222, and if you're weighing rental potential, the median rent in the area is about $2,000 per month.

Keep exploring

More Sarasota neighborhoods

Neighborhood boundary by edgeAI; listings matched to the polygon. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.

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