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5531 Cannes Circle Unit 503

SARASOTA, FL 34231

2 beds
2 baths
1,706 sqft
$378 per sqft
2006 build
– on site

Wake up every morning and retire each evening to expansive 5th floor views over Phillippi Creek and out to the Intracoastal, Siesta Key, and the Gulf, including magnificent sunset skies from your 29’x7’ covered and screened lanai. This 2 bedroom + den, 2 bath condo in the coveted waterfront building at Phillippi Landings has been lovingly cared for by a single owner since construction and features a soothing neutral palette. Stainless appliances in the kitchen, engineered wood flooring in the main living areas, primary bedroom and office, new carpet in the guest bedroom, and a stunning renovation of the guest bathroom combine to create an updated and clean aesthetic. The primary suite provides scenic views out to the lanai and beyond with south-facing windows and a glass French door. The second bedroom and multifunctional den area offer north-facing views with blue skies and greenery. Security and convenience is accomplished with impact windows, doors and sliders throughout, custom closets in the bedrooms, and an impressive outfitting of the entry closet to create an organized coat closet and “mud room” drop station. An ideally-located under building parking space and oversized storage locker complete this exciting offering. Phillippi Landings is a gated 10 acres of lushly landscaped grounds, boasting resort-style living with a grand heated pool, spa, clubhouse with catering kitchen, fitness center, dog park, and an area to store kayaks with a ramp into the Waterway. Whether you are looking to stay active or simply relax, this vibrant community has something for everyone. Only minutes from the world-famous Siesta Key beach & downtown Sarasota, this exceptional retreat is ideal for those who value a waterfront lifestyle, West of Trail convenience, and maintenance free living!

Listing courtesy of STELLAR_MLS / MICHAEL SAUNDERS & COMPANY

Last checked: Checking… • Last updated Mar 2, 2025 •

MLS# A4642617 —

The Building

Year Built:

2006
New Construction:

false
Construction Materials:

Block
Building Elevator:

true
Levels:

One
Stories Total:

8
Roof:

Concrete
Foundation Details:

Other
Window Features:

Impact Glass/Storm Windows
Patio And Porch Features:

Covered
Security Features:

Gated Community
Floor Number:

5
Unit Number:

503
Building Area Total:

1910
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:

1706
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

41 to west on Monte Carlo Dr, across private bridge. After gate take 1st left, go to 2nd building directly on Phillippi Creek. Park anywhere except under the building. Take either elevator to the 5th floor.
Latitude:

27.273699
Longitude:

-82.531942
Coordinates:

-82.531942, 27.273699

The Property

Parcel Number:

0084082021
Property Type:

Residential
Property Subtype:

Condominium
Property Condition:

Completed
Lot Features:

In County
Zoning:

RMF4
Direction Faces:

North
View:

Water
View:

true
Exterior Features:

Lighting
Vegetation:

Mature Landscaping
Water Source:

Public
Road Responsibility:

Private Maintained Road
Road Surface Type:

Paved
Road Frontage Type:

Street Paved
Flood Zone Code:

X
Flood Zone Panel:

12115C0143G
Additional Parcels:

false
Homestead:

true
Lease Restrictions:

true
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Legal Description:

UNIT 503, PHILLIPPI LANDINGS B
Tax Annual Amount:

4250

Beds

Bedrooms Total:

2

Baths

Total Baths:

2
Total Baths:

2
Full Baths:

2

The Listing

Virtual Tour URL Unbranded:

https://pix360.com/phototour3/39246/
Special Listing Conditions:

None
Home Warranty:

false

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Cable Connected
Sewer:

Public Sewer

Appliances

Appliances:

Dishwasher
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:

Water Access
Waterview:

Bay/Harbor - Partial
Waterview:

true
Water Access:

Creek
Water Access:

true
Water Body Name:

Phillippi Creek
Waterfront:

true
Waterfront Features:

Waterfront
Spa:

false
Spa Features:

Heated
Pool Private:

false
Pets Allowed:

Cats OK
Pet Restrictions:

Tenants no pets.
# of Pets:

2
Max Pet Weight:

101
Association Amenities:

Cable TV
Association:

false
Association Fee Includes:

Cable TV
Condo Fees:

2800
Condo Fees Term:

Quarterly
Monthly Condo Fee Amount:

933
Ownership:

Condominium
Association Approval Required:

true

Parking

Garage:

false
Attached Garage:

true
Carport:

false
Parking Features:

Under Building

Monthly cost estimate

Asking price

$645,000

Expense	Monthly cost
Mortgage	$3,453
Taxes	$354
Insurance	$177
Utilities	$111 See report
Total	$4,095/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
2/28/25 Feb 28, 2025	Listed / Active	STELLAR_MLS	$645,000
11/13/24 Nov 13, 2024	Price Changed	STELLAR_MLS
8/20/24 Aug 20, 2024	Listed / Active	STELLAR_MLS

Condo For Sale

$645,000

Cost Est.

$4,095/mo.

Listing provided by broker:

Mackenzie Longueuil

MICHAEL SAUNDERS & COMPANY

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This condo located in Phillippe Park, South Sarasota, FL 34231 is currently for sale for $645,000. 5531 Cannes Circle Unit 503 is a 1,706 square foot condo with 2 beds and 2 baths that has been on Estately for 4 days. 5531 Cannes Circle Unit 503 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 Riverview High School, Phillippi Shores Elementary School, and Brookside Middle School.

Listing Courtesy of: STELLAR_MLS and MICHAEL SAUNDERS & COMPANY.

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.