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$699,900

5531 CANNES CIRCLE UNIT 403, SARASOTA, FL 34231

3D Tour
Active9 days on market

Beds

2

Baths

2

Sq Ft

1,706 sq ft

Year Built

2006

Lot Size

0.46 acres

Garage

1

About This Property

Welcome to this fully updated Coastal Modern 2 bedroom + DEN , 2 bath dream WATERFRONT condo in sought-after gated Phillippi Landings! You’ll enjoy gorgeous sunsets from your private screened-in balcony overlooking Phillippi Creek, the Intracoastal Waterway and a glimpse of the Gulf of Mexico just beyond. Starting with the kitchen, you’ll be impressed by the quartz waterfall countertop, sleek appliances, crisp stylish cabinets, and a custom pantry with pull-out shelves. The primary bedroom enjoys beautiful waterfront views and a luxurious en-suite bathroom featuring a soaking tub, walk-in shower and dual sinks. The layout is designed for both entertaining and relaxation, secluding the guest bedroom and bathroom from the main living spaces offering privacy and separation for visitors. The den offers flexibility for adding more room for guests or as your home office. The open layout features engineered hardwood floors, crown molding, and updated designer lighting. Expansive windows frame spectacular, elevated water views right from the main living area and bedroom areas. Superbly located, you are just minutes from Sarasota’s vibrant cultural hub, world-famous Siesta Key Beach, and an array of premier dining and shopping destinations. Enjoy the heated community pool, fitness center, and dog park. Plus, an on-site kayak launch, kayak storage, and a scenic walkway. As well as a dedicated side-gate entrance to the neighboring Phillippi Harbor marina for boating enthusiasts. Make this gem your home today!

Property Overview

Property TypeResidential
Sub TypeCondominium
MLS #A4707218
StatusActive
Year Built2006
Stories8
Total Rooms7
ConstructionCement Siding, Stucco
RoofConcrete
FoundationSlab
FacesSouthwest
SubdivisionPHILLIPPI LANDINGS
CountySarasota
OwnershipFee Simple

Interior Features

InteriorCeiling Fan(s), Crown Molding, Living Room/Dining Room Combo, Stone Counters, Window Treatments
FlooringEngineered Hardwood
AppliancesBuilt-In Oven, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Wine Refrigerator
LaundryInside
CoolingCentral Air
HeatingCentral
SecurityGated Community

Exterior & Lot

ExteriorBalcony, Lighting
Lot Size0.46 acres (20,134 sq ft)
Road SurfaceAsphalt
ViewWater
0

Waterfront

WaterfrontYes
FeaturesCanal Front, Waterfront, Creek

Utilities

WaterPublic
SewerPublic Sewer
UtilitiesCable Connected

Parking

GarageYes (1 spaces)

HOA & Community

HOAYes
Senior CommunityNo

Financial Details

List Price$699,900
Annual Taxes$676 (2025)
FinancingCash, Conventional, VA Loan
ZoningRMF4
Parcel #0084082015

Schools

ElementaryPhillippi Shores Elementary
MiddleBrookside Middle
HighRiverview High

Directions

From Stickney Point Rd., turn north on US 41. Turn left on Monte Carlo Dr. Go through guard gate and turn left on Cannes Circle, turn left on Cannes Circle to Building B (#5531). Use button #4 in Elevator.

Location

5531 CANNES CIRCLE UNIT 403, SARASOTA, FL 34231

Listing Information

OfficeWHITE SANDS REALTY GROUP FL
ListedSeptember 27, 2026

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Home Price

$699,900

20% ($139,980)
6.75%

Loan Term

Principal & Interest$3,632
Property Tax (est.)$642
Insurance (est.)$150
Total Monthly$4,423
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Nearby Schools

How to Buy This Home

Multiple financing options available for this $699,900 home in SARASOTA.

🎖️

VA Loan

$0 Down

Zero down for eligible veterans, active duty, and military families.

🏦

Conventional

$34,995 Down

Traditional financing. As low as 3-5% down with good credit.

Florida Down Payment Assistance Programs

You may qualify for up to $35,000 in assistance to cover your down payment and closing costs.

Florida Hometown Heroes

Up to $35,000

First-time buyers working in FL

FL Assist

Up to $10,000

FHA, VA, or USDA borrowers

FL HLP Second Mortgage

Up to $10,000

First-time buyers, 0% deferred

Sarasota County SHIP

Varies

Income-qualifying Sarasota residents

Can You Afford This Home?

Quick check based on the 28% debt-to-income rule. Not a guarantee — just a starting point.

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Listing information is deemed reliable but not guaranteed. All measurements and data should be independently verified. This information is provided by the Stellar MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. 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 last updated: September 30, 2026.

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