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5531 Cannes Cir Unit 201

SARASOTA, FL 34231

3 beds
2 baths
2,024 sqft
$592 per sqft
2006 build
– on site

Prime Waterfront location 3-bedroom 2-bath 2,024 square foot condo in resort like setting of Phillippi Landings. Boater’s dream with private boat docks available! Completely renovated and updated in 2022/23 from top to bottom with no expense spared by an award-winning design team. This corner/end unit is one of the largest and best situated in the complex. Enjoy panoramic water views from three sides of this gorgeous modern condo, enjoy the views and convenience of being on the water without the fear or expense of being in a flood zone. This Design Masterpiece boast imported Legno Bastone wide-plank, black walnut, and marble floors. Custom solid-walnut cabinets, stone agate counter tops, and European designer fixtures and lighting. Expansive bay windows grace the kitchen / desk and living room areas. All windows are equipped with Hunter Douglas electric blinds / shades with black-out in bedrooms. Ten-foot ceilings and eight-foot solid core doors throughout. Gourmet kitchen featuring professional grade Thermador appliances, including two 30-inch refrigerators w/freezer, built-in microwave and oven, and convection cooktop. Master bed and bath includes spacious walk-in dressing room and closet with custom built-in cabinets, separate his / her vanities, soaking tub, shower, and enclosed toilet. Custom designed and built walnut entertainment center with 65” flat-screen TV and electric fireplace. In addition to the spacious interior, this unit is one of only two in the building to have a large, screened patio plus 2,000 square feet of additional private outdoor waterfront terraces. These two expansive terraces provide ample areas for sun or shade and cool breezes off the water for relaxation and added privacy throughout the day. Designer furniture and furnishings are available for additional consideration. Ample parking including a private oversized one-car garage under the building with electricity and room for bike storage, workbench and more. The elevator and stairs are located close to the condo entrance. Nothing was overlooked during the renovation, including a new 6-ton HVAC roof-top unit and interior air handler, complete water-sealing of all exterior windows and doors, and sealing, stucco finish and epoxy resurfacing of the garage interior. Security system with remote video cameras located throughout the unit and garage. Phillippi Landings is a short drive to the world-renowned Siesta Key Beach and a short unobstructed (no bridges) boat ride to the Gulf of Mexico. Association amenities include kayak storage and launch, resort-style heated swimming pool and jacuzzi, clubhouse with kitchen for catering & private parties, fitness center, waterfront walking path, dog park and more. This unit is priced for sale at below owner’s investment. Price is supported by recent Bank Appraisal.

Listing courtesy of STELLAR_MLS / COGAN REALTY LLC

Last checked: Checking… • Last updated Feb 22, 2025 •

MLS# O6262091 —

The Building

Year Built:

2006
New Construction:

false
Builder Model:

Cannes
Builder Name:

Robert A Morris
Architectural Style:

Mediterranean
Construction Materials:

Block
Building Elevator:

true
Levels:

One
Stories Total:

8
Common Walls:

Corner Unit
Roof:

Tile
Foundation Details:

Slab
Window Features:

Blinds
Patio And Porch Features:

Deck
Security Features:

Fire Alarm
Accessibility Features:

Accessible Approach with Ramp
Floor Number:

2
Unit Number:

201
Building Area Total:

2243
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Interior Features:

Ceiling Fan(s)
Furnished:

Unfurnished
Flooring:

Carpet
Fireplace:

false

Room Dimensions

Living Area:

2024
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

From Downtown Sarasota take Tamiami Trail South (US-41 S) to Phillippi Landings. Turn right onto Monte Carlo Dr. Gate Code required. Left onto Cannes Circle.
Latitude:

27.273699
Longitude:

-82.531942
Coordinates:

-82.531942, 27.273699

The Property

Parcel Number:

0084082001
Property Type:

Residential
Property Subtype:

Condominium
Property Condition:

Completed
Total Acres:

Non-Applicable
Zoning:

RMF4
Direction Faces:

South
View:

Water
View:

true
Exterior Features:

Sliding Doors
Vegetation:

Mature Landscaping
Water Source:

Public
Road Surface Type:

Paved
Road Frontage Type:

Street Paved
Flood Zone Code:

X
Additional Parcels:

false
Homestead:

true
Lease Restrictions:

true
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Lot:

201
Tax Legal Description:

UNIT 201, PHILLIPPI LANDINGS B
Tax Book Number:

39/20
Tax Annual Amount:

7261

Beds

Bedrooms Total:

3

Baths

Total Baths:

2
Total Baths:

2
Full Baths:

2

The Listing

Special Listing Conditions:

None
Home Warranty:

false

Heating & Cooling

Heating:

Electric
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Cable Connected
Sewer:

Public Sewer

Appliances

Appliances:

Convection Oven
Laundry Features:

Inside

Schools

Elementary School:

Phillippi Shores Elementary
Middle Or Junior School:

Brookside Middle
High School:

Riverview High

The Community

Subdivision Name:

PHILLIPPI LANDINGS
Senior Community:

false
Community Features:

Dock
Waterview:

Intracoastal Waterway
Waterview:

true
Water Access:

Brackish Water
Water Access:

true
Water Body Name:

Phillippi River
Waterfront:

true
Waterfront Features:

Waterfront
Spa:

true
Spa Features:

Heated
Pool Private:

false
Pool Features:

Deck
Pets Allowed:

Yes
Pet Restrictions:

Please see rules and regulations
# of Pets:

2
Max Pet Weight:

100
Association Amenities:

Cable TV
Association:

true
Association Fee Frequency:

Quarterly
Association Fee Includes:

Cable TV
Association Fee Requirement:

Required
Condo Fees:

2800
Condo Fees Term:

Quarterly
Monthly Condo Fee Amount:

933
Ownership:

Condominium
Association Approval Required:

true
Additional Water Information:

Boat docks can be purchased separately .Kayak launch.
Waterfront Feet Total:

100

Parking

Garage:

true
Attached Garage:

false
Garage Spaces:

1
Garage Dimensions:

14x25
Carport:

false
Covered Spaces:

1
Open Parking:

true
Parking Features:

Garage Door Opener

Monthly cost estimate

Asking price

$1,199,000

Expense	Monthly cost
Mortgage	$6,420
Taxes	$605
Insurance	$329
Utilities	$126 See report
Total	$7,480/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
2/22/25 Feb 22, 2025	Price Changed	STELLAR_MLS	$1,199,000	-4.0%
12/3/24 Dec 3, 2024	Listed / Active	STELLAR_MLS	$1,249,000	42.7% (17.0% / YR)
3/14/24 Mar 14, 2024	Listed / Active	STELLAR_MLS

Condo For Sale

$1,199,000

Cost Est.

$7,480/mo.

Price drop −$50,000

Listing provided by broker:

Curtiss Cogan

COGAN REALTY LLC

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This condo located in Phillippe Park, South Sarasota, FL 34231 is currently for sale for $1,199,000. 5531 Cannes Cir Unit 201 is a 2,024 square foot condo with 3 beds and 2 baths that has been on Estately for 98 days. 5531 Cannes Cir Unit 201 is in the Phillippe Park neighborhood of South Sarasota and has a WalkScore® of 59, making it somewhat walkable. This condo is in the attendance area of Brookside Middle School, Phillippi Shores Elementary School, and Riverview High School.

Listing Courtesy of: STELLAR_MLS and COGAN REALTY LLC.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2025.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing 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. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.