Pelican Cove

Waterfront condominium community · Sarasota County · ZIP 34231

A gated bayfront condo community on Little Sarasota Bay, where the marina, the grounds, and the condo math all matter.

Bayfront and gatedMarina and six poolsLate 1970s condos

Live Market Pulse

50/100
Momentum

Buyer-Leaning Market (limited data)

Pelican Cove XII is one condominium association within the larger Pelican Cove community, so the read is the specific association and unit alongside the shared marina, flood, and reserve picture. Confirm the exact association, fees, and reserve status per unit.

Free · No obligation

Unlock Off-Market Pelican Cove

Listings before the portals, true comps, and the renovation and carrying-cost math, before you tour.

Built fromLive Stellar MLS data14 years of closingsLocal renovation analysisUpdated twice daily

LiveMarket PulseStellar MLS

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Median Price

0mo

Supply

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Avg DOM

Soft

Seller Leverage

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Median $/Sqft

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1-Yr Price Change

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Distress

Jon's Current Read

"Pelican Cove is not a single condo building, it is a 75-acre gated bayfront community of roughly 731 units in several associations and six informal neighborhoods, all sharing one marina, six pools, and the Audubon-style grounds. Pelican Cove XII is one of those associations, so your read is two-layered: the specific association's fees, reserves, and milestone status, and the wider community's amenities and coastal exposure. Because the buildings date mostly to the late 1970s, Florida's milestone inspection and structural reserve rules are central diligence, and the bayfront location makes the FEMA flood zone and the insurance quote essential. The lifestyle is the draw; the numbers are won or lost on the association documents."

Jon Brooks, founder, Momentum Realty · Updated June 2026

The 60-Second Overview

Pelican Cove is a gated, guarded waterfront community on roughly 75 acres along Little Sarasota Bay in south Sarasota, off US 41 (the Tamiami Trail) and minutes from Siesta Key. It holds about 731 residences built mostly in the late 1970s, organized into six informal neighborhoods and several condominium associations (community and real estate guides, 2024 to 2026).

Pelican Cove XII is one of those condominium associations within the larger community. Owners share the community amenities, but each association has its own budget, reserves, and milestone obligations, so the honest read is the specific association and unit, not a single community average.

The amenity package is the headline: a marina with sailboat access and no fixed bridges to the Gulf, six heated pools, three clubhouses, tennis and pickleball, miles of walking trails and boardwalks through Audubon-style grounds, plus art studios and the resident-run Pelican Cove University (community guides, 2024 to 2026).

The pitch is a gated bayfront lifestyle close to Siesta Key. The work is reading the association documents: the late-1970s vintage puts these buildings squarely inside Florida's milestone inspection and structural reserve rules, and the bayfront setting makes the flood zone and the insurance quote core diligence, not afterthoughts.

Quick Match

Who Pelican Cove is best for.

Best for

Buyers who want a gated bayfront condo lifestyle near Siesta Key
Owner-occupants drawn to the marina, pools, and nature trails
Buyers who will read the association reserves and milestone status
Boaters who value sailboat access with no fixed bridges to the Gulf

Probably not for

Buyers who want a brand-new building with no reserve questions
Anyone unwilling to verify the flood zone and insurance per unit
Buyers seeking a single-family home with a private yard
Short-term investors, given owner-occupant community norms

Market Pulse

How Pelican Cove is performing right now

50/100
momentum

Buyer-Leaning Market (limited data)

Seller's marketBalancedBuyer's market

0Months of supplytight

24Median days on marketdays

0 : 0Under contract vs for salestrong demand

0Sold in last 12 monthsliquidity

+127%Median price since 2012appreciation

+0%Asking vs recent sold $/sqftroom to negotiate

Tight supply and strong demand favor sellers here. Homes still take about two months to sell, though, and with asking prices running above recent sales per square foot, a prepared buyer has room on anything overpriced. Reading each home against the real comps, not the headline trend, is where the edge is.

Live from Stellar MLS, as of June 30, 2026. Refreshed twice daily. Months of supply, days on market, and the contract-to-listing ratio are computed from current Pelican Cove listings and the trailing twelve months of closed sales.

Where prices are going$850K2026 YTD

Median sale price by year. Tap a label to compare Bouchelle Island or Sarasota. The 1-year price change is the median sold price over the most recent year versus the prior year, the same measure most listing sites and local Realtor reports use. It reflects the mix of homes that sold, not the change in any single home's value, which is why median price per square foot is shown alongside it to adjust for home size. In thinly traded neighborhoods, where a sale or two can swing the median, we lead with the mix-resistant price-per-square-foot trend instead.

Price per square foot$3072026 YTD

Median $/sqft by year. 2026 is year to date.

Supply and demand now0 : 0active : pending

For sale0

Pending0

Sold 12mo0

Active and pending listings now vs homes sold in the last 12 months.

8.6A- score

Momentum intelligence

Momentum buy score

Our proprietary read on how a home in Pelican Cove XII buys, holds, and resells. See the five factors.

Interactive Map

Pelican Cove on the map.

Every active, pending, and recently sold home, plotted. Toggle the layers, color the dots by status or lot type, and tap a home for the details.

Listing locations from Stellar MLS; lot type inferred from listing descriptions. Destination pins are approximate. Map data © OpenStreetMap, tiles © CARTO. Flood, school, and commute overlays are on the roadmap.

The Club & Membership

15-Second Take

Marina with sailboat access and no fixed bridges to the Gulf
Six heated pools and three clubhouses
Tennis, pickleball, and miles of trails and boardwalks
Art studios and resident-run Pelican Cove University
Confirm amenity access and fees with the association

Pelican Cove is a gated, guarded 75-acre waterfront community on Little Sarasota Bay, organized into six informal neighborhoods and several condominium associations sharing one amenity package. The community centers on a marina with sailboat access and no fixed bridges to the Gulf, six heated pools, three clubhouses, tennis and pickleball, and miles of walking trails and boardwalks through Audubon-style grounds, plus art studios and the resident-run Pelican Cove University. Pelican Cove XII is one association within that whole, so confirm the specific association's amenities access, fees, and rules before you buy.

Nearby & Commute

How far is everything?

The takeaway

Pelican Cove trades a single-family yard for a gated bayfront condo lifestyle minutes from Siesta Key, Gulf Gate shopping, and downtown Sarasota, all reachable via US 41.

Drive times from Pelican Cove. They are approximate and vary with traffic, season, and your exact unit inside the community.

Siesta Key Beach~15 to 20 min · via US 41 and Stickney Point

Gulf Gate shopping district~5 to 10 min · retail and dining

Sarasota Memorial Hospital~15 min · main campus

Downtown Sarasota~15 to 20 min · via US 41

US 41 (Tamiami Trail)~2 to 5 min · main corridor

Sarasota Bradenton International Airport~25 to 30 min · via US 41

Oscar Scherer State Park~15 to 20 min · nature and trails

Distances and drive times are approximate and vary with traffic and your exact unit. Confirm your real commute at your real departure time.

Nearby Communities

Explore more neighborhoods near Pelican Cove with Momentum Realty’s local guides.

PCPelican CoveSarasota, FL · 0.3 mi PCPelican Cove XVISarasota, FL · 0.5 mi PCPelican CoveSarasota, FL · 0.5 mi WVWoodside Village WestSarasota, FL · 0.8 mi PMPointe on Midnight PassSarasota, FL · 0.8 mi WTWoodside TerraceSarasota, FL · 1.2 mi VGVilla GardensSarasota, FL · 1.4 mi GGGulf Gate EstatesSarasota, FL · 1.4 mi GGGulf Gate WoodsSarasota, FL · 1.5 mi

Browse all Florida neighborhood guides →

Carrying cost · the no-CDD edge

No CDD bond means thousands less per year than newer master plans.

Typical CDD community~$2,500/yr

Pelican Cove (no CDD)$0/yr

Roughly $25,000 saved over 10 years in carrying cost, before resale.

Illustrative. NE Florida CDD assessments commonly run $1,500-$3,500+/yr and vary by community; verify per property.

Schools

15-Second Take

Sarasota County Public Schools
Verify the zoned schools by address
Magnet and choice options may be available
Confirm current ratings before relying on them
Private and parochial options nearby

Pelican Cove is served by Sarasota County Public Schools. Assignment is by address and can change, so confirm the exact zoned elementary, middle, and high schools for any specific home, plus any magnet or choice options. Treat published ratings as a starting point, not the full story.

Public

Sarasota County Public Schools (verify by address)

Verifyrating

By address

Confirm zoned elementary, middle, and high

Verifyrating

Choice

Magnet and choice options may apply

Verifyrating

Buying with schools in mind? We can confirm the exact zoned schools for any Pelican Cove address.

The takeaway

What is actually shaping value at Pelican Cove: Florida's condominium milestone and reserve rules hitting late-1970s buildings, the post-2024-storm reset on coastal insurance and flood risk, and the enduring demand for a gated bayfront lifestyle near Siesta Key. Each item is sourced and linked.

Recent Developments in Pelican Cove XII

Development Intelligence

Our read on what is being built around Pelican Cove, scored for direction, significance, and how close the effect lands. The full sourced timeline follows below.

Net OutlookBullishThe gated bayfront amenity package and Siesta Key proximity support steady owner-occupant demand, with the watch items being how each association funds reserves and milestone repairs and how coastal insurance settles after the 2024 storms.

Florida milestone and reserve rules hit late-1970s condos

2025

NeutralMajor impact

SignificanceRadius: Community

Buildings of this vintage must complete milestone inspections and fund structural reserves, so the SIRS and any assessment plan are central to value per association.

Coastal insurance and flood reset after 2024 storms

2024 to 2026

NeutralMajor impact

SignificanceRadius: Area

Hurricanes Helene and Milton in 2024 sharpened buyer focus on storm and flood risk, making the master policy, flood zone, and quote essential diligence on the bayfront.

Gated bayfront lifestyle near Siesta Key

Ongoing

BullishNotable impact

SignificanceRadius: Community

The marina, six pools, and Audubon-style grounds minutes from Siesta Key keep drawing owner-occupant demand to the community.

Marina with no fixed bridges to the Gulf

Ongoing

BullishNotable impact

SignificanceRadius: Community

Sailboat access with no fixed bridges is a scarce feature that supports demand for dockside and bay-oriented units.

Several associations, one community

Ongoing

NeutralNotable impact

SignificanceRadius: Community

Reserves, fees, and milestone status differ by association, so carrying cost and risk must be read per association, not community-wide.

Owner-occupant orientation

Ongoing

NeutralMinor impact

SignificanceRadius: Community

Rental rights vary and lean toward owner occupancy, so income strategies must be checked against the specific association's rules.

Direction, significance, and effect-radius ratings are Momentum's proprietary, qualitative read of the sourced items below, not investment advice or a prediction for any specific home.

Development, infrastructure, retail, and school activity affecting Pelican Cove XII, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated June 2026.

Showing the latest, scroll for all updates ↓

June 2025
Regulation
Florida HB 913 updates condo milestone and reserve rules
Florida signed HB 913 in June 2025, refining the milestone inspection and structural integrity reserve study framework for condominium buildings three stories and taller, with reserve funding deadlines around the end of 2025. Why it matters: For late-1970s buildings like those at Pelican Cove, the milestone report and reserve study are now core diligence on every unit. Source
October 2024
Storm
Hurricane Milton makes landfall near Siesta Key
Hurricane Milton came ashore near Siesta Key in October 2024 as a major hurricane, days after Hurricane Helene, sharpening buyer attention on coastal storm surge, flood zones, and insurance across south Sarasota. Why it matters: The 2024 storm season made the master policy, flood zone, and insurance quote essential reads for any bayfront condo purchase. Source

Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.

The Strategy

The Pelican Cove buying strategy.

If we were buying in Pelican Cove, this is the order of operations we would run, and the one we run for our clients.

Identify the exact association. Pelican Cove spans several condominium associations, so confirm which one the unit sits in and read that association's budget and reserves.

Read the milestone and reserve status. The late-1970s buildings fall under Florida milestone inspection and structural reserve rules, so request the SIRS, milestone report, and any special assessment history.

Run the flood zone and insurance early. This is bayfront, so pull the FEMA flood zone and a real insurance quote for the specific unit before you fall for the view.

Match the unit to the neighborhood. The six informal neighborhoods differ on views and dockside proximity, so let the orientation, not just the floor plan, set the value.

Cross-shop a peer waterfront condo community, such as Bouchelle Island, if marina access and multi-association fee structure are the priorities.

The Quick Decision

Best Buy

An updated unit in a well-reserved association with a current milestone report

Biggest Risk

An underfunded association facing a special assessment after milestone repairs

Best Lot

A dockside or bay-oriented building in a sought-after neighborhood

Smart Timing

Confirm reserves, milestone status, and the flood quote before you offer

Deep-Dive Intelligence

The full read, only if you want it.

The takeaway

On mobile, tap any heading below to open it. This is the home by home, lot by lot, club and renovation detail, organized so you can jump straight to what matters to you.

Community Details at a Glance

Pelican Cove Homes For Sale

What your money buys in Pelican Cove.

The takeaway

Three honest price bands. Condition and lot, not the square footage alone, decide where a home lands.

Here are the broad resale bands in Pelican Cove today. The right home is the one matched to your budget and the renovation math, so seeing fitting listings early is the edge.

The Garden Entry

Interior or garden-oriented units in the community, the more affordable way into the gated bayfront lifestyle and its amenities.

Lowest entry

The Updated Water View

Renovated units with bay, marina, or preserve orientation in well-reserved associations, the heart of the resale market here.

Most inventory

The Dockside Top

The most coveted dockside and bay-facing units in the sought-after neighborhoods, the homes that hold value best.

Strongest resale

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

See Off-Market & Private Listings

What Your Money Buys

What ~$900K buys here.

Three realistic price bands. Where a home lands comes down to condition and lot, not square footage alone.

The Garden Entry

Interior or garden-oriented units in the community, the more affordable way into the gated bayfront lifestyle and its amenities.

The Updated Water View

Renovated units with bay, marina, or preserve orientation in well-reserved associations, the heart of the resale market here.

The Dockside Top

The most coveted dockside and bay-facing units in the sought-after neighborhoods, the homes that hold value best.

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

Operator Intelligence

Renovation & Resale Intelligence

The factors that actually move value in Pelican Cove, condition, lot, and the renovation math, read from current listings and recent sales.

15-Second Take

Renovation math decides the deal
Golf and lake lots resell strongest
Roof and HVAC age drive the insurance quote
Interior lots are where buyers overpay

Proprietary Data

The renovation premium.

Renovated-listing inventory in Pelican Cove is too thin right now to compute a reliable renovation premium. We read condition home by home against real comps before you offer.

Lot Value

The lot premium.

On golf, lake, and preserve frontage, the homesite is the part of your money the market gives back at resale. The house can be renovated; the lot cannot, so premium lots hold their value better than interior ones. How much more they command varies by frontage, view, and condition, which is why we read it home by home against real comparable sales rather than a single headline figure.

Operator Note

Most buyers overpay on interior lots in the back half of the community. A sharp renovation can distract you, but the weaker resale position follows the lot, not the finishes. We read the homesite before the kitchen.

Resale Strength Scorecard

How well Pelican Cove holds value.

Our read on the factors that protect resale here, and the one to manage.

Location on Little Sarasota BayStrong

Community amenities and marinaStrong

Association reserves and milestoneVerify per association

Unit condition and systemsVerify per unit

Flood and insurance readVerify per unit

Momentum analysis based on the no-CDD structure, central location, built-out lot scarcity, the funded club plan, and the all-resale 1990s housing stock. Not a guarantee of future value.

Operator Note

The strongest value pocket is usually a renovated golf or lake home priced just under the next tier up. Buyers chasing the single biggest estate often pay estate prices for what is really a renovation project.

5 Mistakes Buyers Make in Pelican Cove

15-Second Take

Calling the listing agent (who works for the seller)
Misjudging the renovation budget
Overpaying for an interior lot
Ignoring the optional club cost
Skipping the roof, HVAC, and systems check

In an all-resale, seven-figure, renovation-driven market, the same five mistakes cost buyers the most. Every one is avoidable with the right preparation before you tour.

Calling the listing agent

The agent on the sign works for the seller. In a market where condition swings price by hundreds of thousands, negotiating against that agent with no one in your corner is the costliest move of all.

Misjudging the renovation math

A dated home looks like a deal until you price the roof, HVAC, pool, and full modernization honestly. Underbudget the reno and the bargain becomes the expensive house.

Overpaying for an interior lot

Golf frontage, lakefront, and preserve lots carry real, durable premiums. Pay an estate price for an interior lot and you are buying the weakest version of the value.

Ignoring the club decision

The club is optional and separate, so two similar homes can cost very differently to own. Buyers who do not price the membership they will actually use misread their real monthly number.

Skipping the systems check

A 1990s home means 1990s-era systems unless updated. Roof age, HVAC age, pool equipment, and prior renovations drive both price and insurability, and a thorough inspection matters more here than in a new build.

“

Pelican Cove sells the bayfront lifestyle, but the deal is won or lost on the association reserves, the milestone status, and the flood and insurance math.

Jon Brooks · Founder, Momentum Realty

Momentum Intelligence

Momentum Buy Score.

Our proprietary 0 to 10 read across the five factors that decide how a home here buys, holds, and resells.

7.4B · Buy Score

Resale Strength7.4/10

Renovation Risk5.0/10

Location Efficiency8.2/10

Long-Term Defensibility7.8/10

Carrying Cost Advantage5.8/10

Momentum Intelligence Scores are our proprietary, qualitative assessment based on the analysis on this page, on a 0 to 10 scale. They are a framework for comparing communities, not a guarantee of future value or advice on a specific home.

Momentum Housing Intelligence

Why our read on Pelican Cove is different.

Most pages on this community are an automated estimate wrapped in stock copy. This one is built from the live Stellar MLS feed, fourteen years of closed sales, and a renovation-by-renovation read of what actually moves value here, lot by lot. No Zestimate, no guesswork.

Live Stellar MLS feed14 years of closed salesRenovation-premium analysisLot-by-lot, no automated estimates

Jon Brooks, founder of Momentum Realty. A housing economist with a background in real estate investment banking at Deutsche Bank and consulting at Ernst & Young, who has built and analyzed Northeast Florida real estate from the ground up.

About the analyst · Our methodology

Which Lots & Views Hold Value Best

Proprietary Data · Lot Value Map

Where the value actually sits. Each home is shaded by its price per square foot (a value read, not just a price) and ringed by lot type, so you can see at a glance which pockets carry a real, durable premium and where a renovation play makes sense.

Value ($/sqft)

$261 value$401 premium

Lake / waterPreserveInterior

Fill = price per square foot; ring = lot type, inferred from listing descriptions. Sold homes are shown by realized $/sqft (lot type not always recorded). Asking and recent-sold figures from Stellar MLS; for orientation, not an appraisal.

15-Second Take

Dockside and bay-facing units hold value best
Verify the FEMA flood zone for the exact unit
Orientation and view vary by neighborhood
Well-reserved associations protect resale
Read the milestone and flood picture before finishes

In a waterfront condo community like Pelican Cove, the orientation and the association are the parts of your money the market protects. Dockside and bay-facing units in sought-after neighborhoods, inside well-reserved associations, hold value better than interior units in associations facing milestone work. The unit can be renovated; the view, the association, and the flood zone cannot. Read the orientation, the reserves, and the flood map first, then price the condition against them.

The 15-Second Verdict

Pelican Cove in 15 seconds.

Best forOwner-occupants who want a gated bayfront condo lifestyle near Siesta Key.

Biggest advantageThe marina, six pools, and Audubon-style grounds on 75 gated waterfront acres.

Biggest riskReserves, milestone repairs, and flood insurance on late-1970s bayfront buildings.

Sweet spotAn updated unit in a well-reserved association with a current milestone report.

Avoid ifYou want a new building or a single-family home with a private yard.

Condo Fees, Reserves & Milestone

15-Second Take

Condo fees vary by association and unit, verify per unit
Request the SIRS and the milestone inspection report
Ask about special assessment history and any pending work
Flood zone is bayfront specific, pull FEMA and a quote
Confirm reserve funding for the exact association

Pelican Cove is a condominium community, so monthly condo fees apply and vary by association, building, and unit. The fees fund the shared amenities, grounds, and insurance, plus each association's reserves. Confirm the exact fee, the budget, and the reserve funding for the specific association and unit.

Condo fees typically cover the community amenities (marina common areas, the six pools, clubhouses, trails, and grounds), exterior and common-area maintenance, and master insurance, with reserves for structural and long-term components. Coverage and reserve levels differ by association, so read the documents.

Run Your Numbers

Tools for a Pelican Cove buy.

Free calculators to pressure-test the real cost before you tour.

Mortgage paymentPrincipal, interest, taxes, and insurance on a specific price.Property taxSarasota County millage and the homestead picture.Rent vs buyThe breakeven on owning in Pelican Cove.Save Our HomesProject your homestead tax cap over time.

The takeaway

Selling here is won on condition and view, not the Zestimate. The right number comes from closed comps matched to your renovation level and lot.

Selling in Pelican Cove

Price it to the association, condition, and milestone status, not a Pelican Cove average.

Selling in Pelican Cove means pricing to your specific association and your unit's condition and view, not to a community-wide average that mixes well-reserved associations with ones facing milestone work. The reserves, the milestone status, and the orientation set your number.

Momentum listings (YTD)

97.98%

Sold-to-list ratio across our market for our agents, sellers keeping more of their price.

Market average (YTD)

96.73%

The broader metro average sold-to-list ratio over the same period.

Momentum days on market

64 days

Median days on market for our listings, faster sales mean less carrying cost and stronger leverage.

Market days on market

72 days

The broader metro median over the same period.

Sold-to-list and days-on-market figures reflect Momentum Realty listings versus our market average, year to date. Your home's result depends on pricing, condition, lot, view, and preparation.

In Pelican Cove, condition and view decide your number

Because buyers here are weighing your home against renovated comps and cross-shopping Bouchelle Island, a home priced to the community average instead of its true condition and view either leaves money on the table or sits. A renovated kitchen, newer roof and HVAC, and a golf or lake view all deserve to show up in your price, and a buyer pool reading renovation math needs to be shown why your home is worth it. We build that case with real comps and a pricing strategy for the current market.

What is your Pelican Cove home worth?

Get a no-obligation home value based on real comparable sales in Pelican Cove matched to your condition, lot, and view, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.

See homes for sale in Pelican Cove XII on the map →
Or get your Pelican Cove XII home value & selling guide →

Real comps, not a Zestimate.

Price History: What Homes Here Have Actually Sold For

Median sale prices in Pelican Cove XII year by year since 2012, from closed MLS sales. A long track record beats a single estimate, showing what this community has really done through rate cycles rather than what a model predicts.

The real cost & risk here

Before the list price, the Florida math the portals skip. These are Sarasota County typicals — your exact home, flood zone, and insurance quote will vary, so verify each before you offer.

$1,609/mo

Sarasota County typical true cost to own

$110/mo

Sarasota County typical home insurance

No CDD

No community development district bond

Check it for your address: look up your flood zone (FEMA) · insurance by county · true-cost calculator · Sarasota County scorecard.

County typicals from Momentum’s Florida housing data (Zillow & Realtor.com aggregates, Census, FRED), updated monthly; insurance modeled. Flood zone is property-specific — always confirm via FEMA.

Pelican Cove XII Market Scorecard

Strong seller's market

Pelican Cove XII is currently a strong seller's market. About 1.8 months of supply, a median asking price of $1,019,500, and homes go under contract in about 58 days.

1.8

Months supply

$1,019,500

Median list

$847,500

Median sold

$313

Per sqft

Days on mkt

6/8/41

Active/Pend/Sold

Typical home value in the 32224 ZIP is $456,759, about 13.7% above the Florida norm (Zillow Home Value Index).

Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.

Live data: Stellar MLS, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.

Frequently Asked Questions

Where is Pelican Cove, Florida?

Pelican Cove is a gated waterfront condominium community in south Sarasota, Sarasota County, off US 41 (the Tamiami Trail) on Little Sarasota Bay, minutes from Siesta Key, in ZIP 34231.

What is Pelican Cove XII?

Pelican Cove XII is one of several condominium associations within the larger Pelican Cove community. Owners share the community amenities, but each association has its own budget, reserves, and milestone obligations.

When was Pelican Cove built?

Pelican Cove was developed mostly in the late 1970s, with roughly 731 residences across six informal neighborhoods (community and real estate guides, 2024 to 2026). Confirm the exact year built for any specific building.

Does Pelican Cove have a marina?

Yes. The community has a marina with sailboat access and no fixed bridges to the Gulf, plus kayak and canoe launch and storage. Slip availability and any fees should be confirmed with the association.

What amenities does Pelican Cove offer?

The community offers a marina, six heated pools, three clubhouses, tennis and pickleball courts, miles of walking trails and boardwalks, art studios, and resident-run classes through Pelican Cove University (community guides, 2024 to 2026).

Are there condo fees at Pelican Cove?

Yes. As a condominium community, monthly fees apply and vary by association, building, and unit. They fund amenities, grounds, master insurance, and reserves. Confirm the exact fee and budget per unit.

What about Florida milestone inspections here?

Buildings of this late-1970s vintage fall under Florida milestone inspection and structural reserve rules. Request the milestone report and the structural integrity reserve study for the specific association during diligence.

Should I worry about flood zones at Pelican Cove?

Flood exposure is real on the bayfront. Always pull the FEMA flood zone and an insurance quote for the exact unit, and read the master policy and any storm history during diligence.

What schools serve Pelican Cove?

The 34231 area is generally zoned for Gulf Gate Elementary, Brookside Middle, and Riverview High in Sarasota County Schools. Assignment is by address and can change, so confirm the exact zoned schools for any unit.

Is Pelican Cove a 55-plus community?

Pelican Cove is an all-ages, owner-occupant oriented condominium community, not a legally age-restricted one. Confirm current occupancy and rental rules with the specific association before you buy.

How far is Pelican Cove from Siesta Key?

Siesta Key and its beach are a short drive away via US 41 and the Stickney Point bridge, with times that vary by traffic and season. Confirm the route for your specific unit.

Can I rent out a unit at Pelican Cove?

Rental rights vary by association and are oriented toward owner occupancy. Read the specific association's rules on minimum lease terms and any rental caps before you assume an income strategy.

Is Pelican Cove a good investment?

The gated bayfront lifestyle and amenities support demand, but this is a late-1970s condo market where reserves, milestone repairs, and insurance drive the outcome. As with any older condo, the association documents decide the math; this is not a guarantee of future value.

Why does Pelican Cove pricing vary so much?

Because the community spans several associations and six neighborhoods with different views, dockside proximity, reserve health, and milestone status. The association and the condition, not the Pelican Cove name, set the price.

Who is the best real estate agent for Pelican Cove XII?

The best agent for Pelican Cove XII is one who actively works Sarasota and knows the community's pricing, HOA and CDD details, and current inventory. Tell us what you're looking for in the form on this page and Momentum Realty will match you with a local specialist for Pelican Cove XII.

How do I find a top Sarasota real estate agent who knows Pelican Cove XII?

Share a few details in the form on this page. Momentum Realty has 280+ agents and more than $3.5B in closed sales, and we'll connect you with one who knows Pelican Cove XII and the wider Sarasota area.

Can Momentum Realty connect me with an agent for Pelican Cove XII?

Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your Pelican Cove XII purchase or sale - no call center and no pressure.

The Verdict

Should you buy in Pelican Cove?

An honest fit check. We will tell you when it is not your community.

Owner-occupants who want a gated bayfront condo lifestyle near Siesta KeyExcellent fit

Buyers drawn to the marina, six pools, and nature trailsExcellent fit

Buyers who will read the association reserves and milestone statusExcellent fit

Boaters who value sailboat access with no fixed bridges to the GulfExcellent fit

Buyers who will pull the flood zone and insurance quote per unitExcellent fit

Buyers who want a brand-new building with no reserve questionsProbably not

Anyone unwilling to verify flood zone and insurance per unitProbably not

Buyers seeking a single-family home with a private yardProbably not

Short-term investors, given owner-occupant community normsProbably not

Buyers unwilling to budget for possible milestone-driven assessmentsProbably not

Get the inside read on Pelican Cove

Whether you are buying a renovation project, comparing the lots and views, weighing the optional club, or selling your Pelican Cove home, tell us what you need. Every inquiry comes straight to us. We represent you, not the seller, and what your agent is paid is negotiable and set in a written buyer agreement up front. No obligation, no spam, no high-pressure follow-up.

You are all set.

A Momentum Realty Pelican Cove specialist will reach out personally, usually the same day.

Thinking about hiring an agent here? How to find the best real estate agent in Pelican Cove XII - what to look for, questions to ask, and your local expert.

Pelican Cove XII median home price history from 2012 to 2026, chart by Momentum Realty — Median sale price in Pelican Cove XII, Florida by year (2012 to 2026). Source: Momentum Realty.

Photography on this page is sourced from active and recently sold MLS listings in this community and remains the property of the listing brokerage and/or photographer. Listings courtesy of Stellar MLS as distributed by MLS GRID. 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; deemed reliable but not guaranteed by MLS GRID.

Pelican Cove

The 60-Second Overview

Who Pelican Cove is best for.

Best for

Probably not for

How Pelican Cove is performing right now

Pelican Cove on the map.

The Club & Membership

How far is everything?

Nearby Communities

Schools

Sarasota County Public Schools (verify by address)

Confirm zoned elementary, middle, and high

Magnet and choice options may apply

Recent Developments in Pelican Cove XII

Florida milestone and reserve rules hit late-1970s condos

Coastal insurance and flood reset after 2024 storms

Gated bayfront lifestyle near Siesta Key

Marina with no fixed bridges to the Gulf

Several associations, one community

Owner-occupant orientation

Florida HB 913 updates condo milestone and reserve rules

Hurricane Milton makes landfall near Siesta Key

The Pelican Cove buying strategy.

The full read, only if you want it.

What your money buys in Pelican Cove.

What ~$900K buys here.

Renovation & Resale Intelligence

The renovation premium.

The lot premium.

How well Pelican Cove holds value.

5 Mistakes Buyers Make in Pelican Cove

Calling the listing agent

Misjudging the renovation math

Overpaying for an interior lot

Ignoring the club decision

Skipping the systems check

Momentum Buy Score.

Why our read on Pelican Cove is different.

Which Lots & Views Hold Value Best

Pelican Cove in 15 seconds.

Condo Fees, Reserves & Milestone

Tools for a Pelican Cove buy.

Price it to the association, condition, and milestone status, not a Pelican Cove average.

In Pelican Cove, condition and view decide your number

What is your Pelican Cove home worth?

Price History: What Homes Here Have Actually Sold For

The real cost & risk here

Pelican Cove XII Market Scorecard

Frequently Asked Questions

Should you buy in Pelican Cove?

Get the inside read on Pelican Cove

You are all set.

Need to sell fast in Sarasota County?

You just read the data. Now see what your home is worth.

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