Pelican Cove in Sarasota

Pelican Cove
Homes for Sale in Sarasota, FL

All 314 homes for sale in Palm City, FL · median $649,000 · 37 condos for sale in Palm City

Community in Sarasota · Sarasota County · ZIP 06831
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Built fromLive Stellar MLS data22 years of closingsUpdated twice daily

Pelican Cove is a community in Palm City, FL. Across Palm City as a whole, 104 homes closed in the last 12 months at a median of $800,000, 82 median days on market, with 300 homes for sale today.

Sections of Pelican Cove in the MLS

Pelican Cove in Sarasota, FL is recorded as 3 separate subdivisions/phases in the MLS; 9 homes are for sale across them today. Each section has its own page:

Live · Pelican Cove Housing Pulse Stellar MLS + public records Analysis by Momentum Realty · $3.5B+ sold · 10,000+ customers served · Top 1% in Florida (RealTrends)
Tempo
0 · 0
For sale · pending
live counts, refreshed twice daily
2
Sold · last 12 mo
10-yr average: about 1 a year
Ownership and context
67%
Cash buyers · Pelican Cove
2 of 3 sales, 12 mo ending June 2021
Track record · 22 years of records
3
Failed listings · 2026
peaked at 96 in 2007
Jon Brooks, Co-Founder of Momentum Realty
Jon's Read · written October 26, 2026

Pelican Cove is a thin-data market right now. With zero active listings and only a couple of closings in the recent window, pricing here is set by whatever trades when it trades - not by a deep, competitive pool of comparables. In practice that means condition, exposure, and the specifics of a given unit drive the number far more than any neighborhood-wide trend you could chart.

For sellers, the absence of standing inventory is leverage: a buyer who wants into Pelican Cove today has nothing else here to choose from. For buyers, the posture is patience. You may wait for the right listing to surface, and when it does you will be negotiating against scarcity rather than a stack of alternatives. Neither side should lean on a headline price trend that the current sample simply cannot support.

Figures in this note are as of October 26, 2026. The live market numbers elsewhere on this page update nightly and are newer.

Nearby homes for sale

No active listings inside Pelican Cove right now. These are the 6 closest homes on the market, by straight-line distance from the community's center; some may sit just outside its boundary.

1601 PELICAN POINT DRIVE #215
$498K · 0.0 mi away
2 bd · 2 ba · 1,320 sqft
1601 PELICAN POINT DRIVE #215
Listed by DELUCA REALTY INC
1633 BOATHOUSE CIRCLE #232
$450K · 0.1 mi away
3 bd · 2 ba · 1,320 sqft
1633 BOATHOUSE CIRCLE #232
Listed by COLDWELL BANKER SARASOTA CENT.
1518 PELICAN POINT DRIVE #257
$525K · 0.1 mi away
2 bd · 2 ba · 1,216 sqft
1518 PELICAN POINT DRIVE #257
Listed by COLDWELL BANKER REALTY
1515 CLOWER CREEK DRIVE #HA158
$395K · 0.1 mi away
3 bd · 2 ba · 1,325 sqft
1515 CLOWER CREEK DRIVE #HA158
Listed by RE/MAX ALLIANCE GROUP
1510 PELICAN POINT DRIVE #BA270
$650K · 0.2 mi away
3 bd · 3 ba · 1,635 sqft
1510 PELICAN POINT DRIVE #BA270
Listed by DELUCA REALTY INC
1601 BAYHOUSE POINT DRIVE #204
$399K · 0.2 mi away
3 bd · 2 ba · 1,770 sqft
1601 BAYHOUSE POINT DRIVE #204
Listed by COLDWELL BANKER SARASOTA CENT.

Listing data from the MLS feeds named on each listing page; deemed reliable but not guaranteed. Refreshed nightly.

The 60-Second Overview

Pelican Cove sits in Sarasota with no homes currently on the market and only a handful of recent closings, so this is a community you watch and move on quickly rather than browse at leisure.

Stellar MLS sales records identify 226 homes in Pelican Cove that have changed hands since 2004, built between 1975 and 1983 (median 1978), with a median living area of about 1,424 sq ft and a typical 2-bedroom, 2-bath layout; 95% are condominiums. Source: Stellar MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.

Best for

  • Buying to hold long-term in a quiet, low-turnover Sarasota pocket
  • Buyers who can wait patiently and move fast when a rare listing surfaces
  • Buyers who will judge a specific home on its own condition and setting rather than a market trend

Probably not for

  • Needing to purchase on a fixed, near-term timeline
  • Wanting several comparable homes to tour and weigh against each other
  • Buyers who require a defined set of community amenities confirmed before committing

The market around Pelican Cove

Pelican Cove is a small community — 295 recorded sales on file, most recently in 2026 — too few for its own price trend. Here is the market around it.

Across Sarasota County, 4,856 homes are active and 1,589 pending (25% under contract).

The housing mix here is 90% condominium, 10% townhouse.

In ZIP 33705 (Sarasota), 431 homes closed in the last 12 months at a median of $450K ($315/sq ft), down 1.4% year over year, with a median 51 days on market. Right now 111 active and 27 pending listings put supply at about 3.1 months - a balanced market. See the live ZIP 33705 housing market and the Pinellas County market.

ZIP and county figures describe the wider market, not Pelican Cove specifically. Momentum Research analysis of MLS records.

Schools

In short
  • Sarasota County Public Schools
  • Verify the zoned schools by address
  • Magnet and choice options may be available
  • Sarasota County Public Schools (verify by address) · Public
  • Confirm zoned elementary, middle, and high · By address
  • Magnet and choice options may apply · Choice

Zoned schools reflect the assignments reported on recent Pelican Cove listings and can change; always confirm with Sarasota County Public Schools for a specific address.

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

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

1

Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.

2

Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.

3

Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.

4

Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.

5

Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Pelican Cove.

Best Buy
Buyers who want into a specific, low-turnover Sarasota community and can wait for the right listing.
Biggest Risk
A thin sample of closings means there is little reliable comparable data to anchor pricing.
Sweet Spot
A well-kept unit that comes to market and draws the pent-up demand scarcity creates.
Avoid If
You need to buy on your own timeline or want a range of homes to compare side by side.

A low-turnover pocket of Sarasota

The defining feature of Pelican Cove today is how little changes hands. Two recent closings and nothing active tells you this is a community people tend to hold, not flip. That low turnover is an asset if you plan to stay, but it narrows your window to buy and makes timing the main variable.

No amenities surfaced from current MLS listings, so we are not going to characterize what the community offers beyond what the data supports. Judge any specific home on its own merits - its layout, condition, and setting - because with so few data points, the unit in front of you matters more than the averages.

“

The location and the amenities are priced into every listing in Pelican Cove. The deal is won or lost on condition, the comps, and the renovation math.

Jon Brooks · Founder, Momentum Realty

Why work with Momentum here

In a market with no active listings and a tiny closing sample, the edge is access and timing. We track Pelican Cove closely so you hear about a listing early, and we price and negotiate from the specifics of the actual home rather than a trend line the data cannot support. When something comes up, you want to already be positioned to move.

Pelican Cove in 15 seconds.

Best forBuyers who want into a specific, low-turnover Sarasota community and can wait for the right listing.
Biggest advantageWith no active inventory, a seller here faces no direct competition when a home does list.
Biggest riskA thin sample of closings means there is little reliable comparable data to anchor pricing.
Sweet spotA well-kept unit that comes to market and draws the pent-up demand scarcity creates.
Avoid ifYou need to buy on your own timeline or want a range of homes to compare side by side.
The takeaway

Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Pelican Cove sales matched to your home.

What is your Pelican Cove home worth?

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Real comps, not an automated estimate.
Pelican Cove key facts
LocationPalm City, FL
Amenities listed by sellersAssociation Recreation - Owned, Basketball Court, Buyer Approval Required, Clubhouse, Fitness Center, Gated
For sale right now0 active, 0 pending
Zoned public schoolsSarasota County Public Schools (verify by address); Confirm zoned elementary, middle, and high; Magnet and choice options may apply

Data as of November 6, 2026. Based on Stellar MLS data distributed by MLS GRID. Market figures describe homes, not residents. Cite as: Momentum Realty, “Pelican Cove key facts,” movewithmomentum.com/neighborhoods/pelican-cove, data as of November 6, 2026.

Housing distress & ownership in Pelican Cove, Sarasota

Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.

Active inventory in distress
1.44%
2 of 139 listings · short sale 1, auction 1
Distress share trend - 1.44% now (2026-08-10 → 2026-10-27)

Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Based on Stellar MLS data distributed by MLS GRID for the period October 2026 through October 2026. Deemed reliable but not guaranteed.

Email me new listings in Pelican Cove

One e-mail a day, only when a home lists here, with price, beds, baths and a link to every listing. Straight from the MLS feed; no account needed.

Equal Housing Opportunity. Every community is open to everyone; alerts are about homes, never about who lives here.

Ask an agent about Pelican Cove

Have a question about the homes, fees, rules or commute here? A Momentum agent who works Pelican Cove will answer, and the answer is published on this page for the next buyer.

Property facts only: homes, fees, rules, commute. Every community is open to everyone; agents do not answer questions about who lives here.

Frequently Asked Questions

Do cash buyers compete in Pelican Cove?
Cash buyers took 67% of Pelican Cove sales in the 12 months ending June 2021 (2 of 3 closings, Stellar MLS).
What schools serve Pelican Cove?
Pelican Cove is served by Sarasota County Public Schools, typically Sarasota County Public Schools (verify by address) and Confirm zoned elementary, middle, and high. Confirm the exact zoning by address with the district.
Who is the best real estate agent for Pelican Cove?
The best agent for Pelican Cove is one who actively works Sarasota and knows the community's pricing, fees, 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.
How do I find a top Sarasota real estate agent who knows Pelican Cove?
Share a few details in the form on this page. Momentum Realty has 320+ agents and more than $3.5B in closed sales, and we'll connect you with one who knows Pelican Cove and the wider Sarasota area.
Can Momentum Realty connect me with an agent for Pelican Cove?
Yes. Use the form on this page and we'll introduce you to a local specialist who can guide your Pelican Cove purchase or sale - no call center and no pressure.
Where is Pelican Cove, and what county is it in?
Pelican Cove is in Sarasota, Sarasota County, FL, ZIP codes 06831, 11374, 22201, 33705.
Buying to hold long-term in a quiet, low-turnover Sarasota pocketExcellent fit
Buyers who can wait patiently and move fast when a rare listing surfacesExcellent fit
Buyers who will judge a specific home on its own condition and setting rather than a market trendExcellent fit
Needing to purchase on a fixed, near-term timelineProbably not
Wanting several comparable homes to tour and weigh against each otherProbably not
Buyers who require a defined set of community amenities confirmed before committingProbably not

Data sources & freshness

Live listingsStellar MLS, refreshed twice daily (last: November 2, 2026)
Under-contract sharesStellar MLS records, as of 2026-08-01
Schools2025-26 district assignments + FLDOE school grades; verify with the district
Historical depthClosed-sale records back to 2004 (181 transactions analyzed)

Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.

Momentum Research figures are our own analysis of Stellar MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.

Own a home here?

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

The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. A Momentum agent can price yours against live local comps.

Looking to buy here? Search homes for sale →

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