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$549,900

1500 COVE II PLACE UNIT 531, SARASOTA, FL 34242

3D Tour
Active63 days on market

Beds

2

Baths

2

Sq Ft

860 sq ft

Year Built

1979

Lot Size

Garage

About This Property

Experience the ultimate Siesta Key lifestyle in this turnkey-furnished condominium at Midnight Cove II, ideally situated on beautiful Crescent Beach. Enjoy stunning water and pool views from your private balcony while taking advantage of the community's highly sought after weekly rental program, making this an exceptional investment opportunity, vacation retreat, or personal getaway. The open floor plan creates a bright and inviting living space perfect for relaxing or entertaining. Residents and guests enjoy deeded access to the powdery crystal sands of world famous Siesta Beach, along with resort style amenities including a heated pool, tennis courts, pickleball, fitness center, barbecue area, boat docks, on-site management, and beautifully maintained grounds. Leave the car behind and hop on the trolley to Siesta Key Village or enjoy a short walk to South Village's restaurants, shops, and entertainment. Conveniently located near Sarasota and St. Armands Circle, this property offers the perfect blend of island living and mainland convenience. Whether you're looking for a beachfront escape or a proven income producing property, this is your opportunity to own a piece of paradise on Crescent Beach.

Property Overview

Property TypeResidential
Sub TypeCondominium
MLS #N6144663
StatusActive
Year Built1979
Stories3
Total Rooms5
ConstructionBlock, Stucco
RoofShingle
FoundationSlab
FacesWest
SubdivisionMIDNIGHT COVE II
CountySarasota
OwnershipFee Simple
FurnishedTurnkey

Interior Features

InteriorOpen Floorplan
FlooringCarpet, Ceramic Tile
AppliancesDishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator
LaundryNone
CoolingCentral Air
HeatingCentral

Exterior & Lot

ExteriorBalcony
Road SurfacePaved
0

Utilities

WaterPrivate
SewerPublic Sewer
UtilitiesBB/HS Internet Available, Cable Connected, Electricity Connected, Public

Parking

GarageNo
CarportYes

HOA & Community

HOANo
Senior CommunityNo

Financial Details

List Price$549,900
Annual Taxes$5,256 (2025)
FinancingCash, Conventional
ZoningRMF3
Parcel #0108016073

Directions

US 41 to Stickney Point Road to Siesta Key. Turn right on to Midnight Pass Road. Take the 3rd Driveway on the right into Midnight Cove II ( the second right is Midnight Cove which is not related). Turn left at the entrance and follow to building 5.

Location

1500 COVE II PLACE UNIT 531, SARASOTA, FL 34242

Listing Information

OfficeRE/MAX PALM REALTY OF VENICE
ListedJune 13, 2026

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Home Price

$549,900

20% ($109,980)
6.75%

Loan Term

Principal & Interest$2,853
Property Tax (est.)$504
Insurance (est.)$150
Total Monthly$3,507
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How to Buy This Home

Multiple financing options available for this $549,900 home in SARASOTA.

🏦

Conventional

$27,495 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: August 15, 2026.

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