Pelican Cove Xvi
Condos for Sale in Sarasota, FL

Pelican Cove Xvi market snapshot (as of August 2, 2026): the median sale price is about $244K ($217 per sq ft over the trailing 12 months of closed sales), and a median 21 days on market for closed sales. The trailing-12-month median is down 11% from the prior 12 months and up 97% since 2012, computed from record-level Stellar MLS closed sales (6 closings in the current window).

In ZIP 34231 (Sarasota), 256 homes closed in the last 12 months at a median of $390K ($269/sq ft), down 2.5% year over year, with a median 44 days on market. Right now 4 active and 1 pending listings. See the live ZIP 34231 housing market and the Sarasota County market.

Stellar MLS sales records identify 61 homes in PELICAN Cove XVI that have changed hands since 2009, built between 1980 and 1980 (median 1980), with a median living area of about 1,077 sq ft and a typical 2-bedroom, 2-bath layout; 97% 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.

This is a small, condo-scale enclave within Sarasota where sales are infrequent and pricing turns on the individual unit. Treat each listing on its own merits rather than extrapolating from a thin comp set.

• 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 Xvi 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 Xvi address.

The headline numbers here all rest on a handful of closings and a single tracked home, so volatility is baked in. A median of $243,750 and roughly $217 per square foot tells you the general tier, but with no active listings there is no live supply to benchmark against. The down-11.4% year-over-year figure and the up-97% move since 2012 can coexist precisely because the sample is small - both are real, and both can swing with the next transaction.

No community amenities surfaced from the current MLS listings, and the homestead share reads at zero, which fits a smaller, condo-scale setting where carrying patterns differ from a single-family subdivision. The practical takeaway: lean on unit-level diligence - condition, exposure, association details - rather than neighborhood-wide averages that a single sale can distort.

In a market this thin, the number that matters is the one on the unit you're actually trading, not the published median. We'll pull the real comps, weigh condition against the $243,750 reference point, and tell you when the data is too sparse to support a firm conclusion. That candor is the point - we'd rather flag the uncertainty than dress up a six-sale window as a trend.