1508 PELICAN COVE ROAD UNIT 231, SARASOTA, FL, 34231
Pending272 days on marketListed Nov 16, 2025MLS #A4672241
About this home
1508 PELICAN COVE ROAD UNIT 231
Virtually Staged. Experience the lush, tropical setting of Pelican Cove in this beautifully updated 1 bedroom, 1.5 bath corner unit, one of only nine in the entire community offering high ceilings and exceptional natural light. This corner unit lives larger than expected, featuring fresh paint, new carpet, stainless steel appliances, a full-size high-end stackable washer and dryer, plus a new water heater and new electrical panel for added peace of mind. Multiple balconies overlook vibrant foliage, creating a private and serene atmosphere that makes this home truly special. Conveniently located just steps from the carport and close to the heart of the community, the property offers easy access to Pelican Cove’s unmatched amenities. Set on 75 acres of botanical beauty, this gated waterfront community includes six swimming pools, lighted tennis courts, a fitness center, clubhouse, private harbor, kayak launch, and winding walking paths leading to peaceful views of Little Sarasota Bay. All of this, just minutes to shopping, dining, and Sarasota’s world-famous Gulf beaches.
Facts & features
The home at a glance
1
Bedrooms
1.5
Bathrooms
1,099
Sqft
2.08 ac
Lot size
1980
Year built
One
Levels
$214
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$2,507 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$2,507/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs Sarasota actives
$214 vs $328
Days on market
272 vs 63 typical
Where $214/sqft sits among the 400 Sarasota actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Pelican Cove
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Sarasota. See the full Sarasota guide →
Pelican Cove — neighborhood snapshot
Population
907
Median age
65
Median income
$106,943
Median home value
$426,332
Avg household
2
Households w/ children
55%
For the school run
Sarasota County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Sarasota market
$475K → $493K
Sarasota median sold, yr/yr
95.2%
Sale-to-list ratio (12 mo)
147 of 400
Sarasota actives have cut their price
Median sold price, Sarasota, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 18% above the SARASOTA 34231 median. See the full Sarasota market guide →
Paper trail
This home's history
Reality check
What actually sold near 1508 PELICAN COVE ROAD UNIT 231
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Apr ’26$324,500
1508 PELICAN COVE ROAD UNIT 230 · same community
2 bd · 2 ba · 1,211 sqft · $268/sqft · 119 DOM
Sold · Jul ’26$287,500
1508 PELICAN COVE ROAD UNIT GR232 · same community
2 bd · 2 ba · 1,211 sqft · $237/sqft · 143 DOM
Sold · May ’26$295,000
1512 PELICAN COVE ROAD UNIT 239 · same community
3 bd · 2 ba · 1,301 sqft · $227/sqft · 207 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Jasmine Ince
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 1508 PELICAN COVE ROAD UNIT 231 — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 1508 PELICAN COVE ROAD UNIT 231 — before you fall in love.
See it in person
Schedule a tour
Live availability from Jasmine's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
1508 PELICAN COVE ROAD UNIT 231 FAQs
What would the monthly payment be for 1508 PELICAN COVE ROAD UNIT 231?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $2,507/mo — principal and interest, the actual property-tax bill, the $618/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at 1508 PELICAN COVE ROAD UNIT 231?+
The association fee works out to $618 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 1508 PELICAN COVE ROAD UNIT 231?+
The most recent tax bill on record (2024) was $2,900. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 1508 PELICAN COVE ROAD UNIT 231?+
The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Sarasota?+
At $235,000, this home is listed about 58% below the Sarasota median of $555,000. The market section on this page shows how the area is trending.
Which schools are assigned to 1508 PELICAN COVE ROAD UNIT 231?+
Gulf Gate Elementary School (elementary), Riverview High School (high), Brookside Middle School (middle) — Sarasota County School District. Always verify school assignments with the district before relying on them.
The brief
Five things that matter here
01Positioned at the premium end
$235,000 runs 18% above the SARASOTA 34231 median.
02Know the monthly fee
The association fee is $618/mo. That usually buys real services — verify what's covered before comparing this home against fee-free alternatives.
03Time on market is leverage
272 days on market against a Sarasota median of 63 — sellers in this position are usually ready to negotiate.
04Strong assigned schools
Gulf Gate Elementary School, Riverview High School, Brookside Middle School — Riverview High School rates 4 of 5. Always verify assignments with the district.
05The price has already moved
Listed at $290,000, now $235,000 — a $55K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of COLDWELL BANKER REALTY · Steve Abbe. MLS #A4672241.
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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