David Ramirez
$3,295,000$3,495,0004 bd4 ba3,799 sqft$867 /sqft$21,512 /mo all-in ↓

7637 COVE TERRACE, SARASOTA, FL, 34231

Active142 days on marketListed Mar 14, 2026MLS #A4684647

Reduced $200KWaterfrontPrivate poolSingle Family ResidenceSOUTHPOINTE SHORES UNIT 1

About this home

7637 COVE TERRACE

Price improved to sell! 7637 Cove Terrace, an elegant 4-bedroom, 3 full bath and 2 half bath custom residence located in the coveted waterfront community of Southpointe Shores. Beautifully renovated in 2023, offering 3,799 square ft of heated living space, this meticulously maintained home combines Florida architectural style with modern comfort and exceptional boating amenities. Set on a 0.34-acre lot with over 100 feet of direct saltwater canal frontage, the property provides sailboat depth-water access plus a large private dock equipped with electric and water, and has been upgraded with TWO Boat lifts: a 40,000lb lift and an additional 10,000K lift, making it an outstanding choice for boating enthusiasts. Enjoy serene views of the wide canal with deep water access to the Intracoastal Waterway from your own backyard. Inside, the home welcomes you with an open, light-filled layout enhanced by tray ceilings, crown molding, granite counters, walk-in closets, and a spacious primary suite on the main floor. The gourmet kitchen, remodeled in 2024, features Thermador™ appliances, a walk-in pantry, a gas cooktop, range hood, dishwasher, refrigerator, and built-in island seating, flowing seamlessly into the living and dining areas — ideal for everyday living or entertaining. All three guest bedrooms are located on the main level, each offering generous dimensions and built-in closets, with Bedroom 2 featuring an en-suite bath. An oversized second-floor bonus space provides flexibility for a game room, media room, office, or guest retreat and includes a terrace, a powder room, a wet bar and a beverage refrigerator for ease of entertaining. The outdoor living space is exceptional: the private screened area hosts the heated pool and in-ground spa, both resurfaced in 2023, expansive covered lanai with new travertine, outdoor kitchen, balcony, fenced yard, and thoughtful exterior details such as French doors, lighting, rain gutters, and sliding glass doors. Whether relaxing or hosting, this home’s outdoor spaces offer year-round enjoyment. For added peace of mind, the home is elevated to nearly 12 feet — well above FEMA flood plain requirements. A host of thoughtful upgrades further protect and elevate your lifestyle: new hurricane-grade front entry doors (2024), a fully redone 100.7-foot seawall (2015), two 5-ton A/C units (2026 & 2024, each with a transferable 10-year warranty), and fresh interior and exterior paint (2024). The home is also equipped with gas, and a dedicated 45-gallon water heater for the primary suite. Tile roof and block/stucco construction ensure lasting durability. To top it all off, storage is never a concern — enjoy an attached 2-car garage plus an additional oversized 1-car garage, perfect for a third vehicle or extra storage for your water toys! Nestled within the desirable Southpointe Shores community, this home benefits from top-rated school zones and a serene, upscale waterfront atmosphere. The neighborhood’s private boat ramp, available for a minimal annual fee, enhances its appeal for boating enthusiasts. Perfectly situated close to Sarasota’s premier shopping, dining, beaches, and marinas, the property still offers the tranquility, water access, and elevated coastal living that define a true retreat.

Facts & features

The home at a glance

4

Bedrooms

4

Bathrooms

3,799

Sqft

0.34 ac

Lot size

3

Garage

2004

Year built

Two

Levels

$867

Per sqft

Private poolWaterfrontPool & Water viewPets allowed

Inside

FlooringCarpet · Ceramic Tile · Other · Hardwood
AppliancesCooktop · Dishwasher · Disposal · Dryer · Microwave · Range Hood · Refrigerator · Washer
InteriorCeiling Fan(s) · Crown Molding · Eating Space In Kitchen · Kitchen/Family Room Combo · Living Room/Dining Room Combo · Open Floorplan · Primary Bedroom Main Floor · Solid Surface Counters · Stone Counters · Thermostat · Tray Ceiling(s) · Walk-In Closet(s)
LaundryInside · Laundry Room
CoolingCentral Air
HeatingCentral · Electric

Outside & construction

RoofTile
ConstructionBlock · Stucco
FoundationSlab
ViewPool · Water
FacesNorthwest
ParkingGarage Door Opener · Oversized
ExteriorBalcony · French Doors · Lighting · Outdoor Grill · Private Entrance · Private Yard · Rain Gutters · Sidewalk · Sliding Doors

Community & fees

HOA fee$25/mo
Taxes (2025)$27,740/yr
PetsYes

Utilities & systems

UtilitiesBB/HS Internet Available · Cable Available · Electricity Connected · Natural Gas Connected · Public · Sewer Connected · Underground Utilities · Water Connected
WaterPublic

The numbers

What it really costs

Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.

$21,512 /mo · 10% down Conventional, 30-yr fixed at 6%

Principal & interest$17,780
PMI (est., until 20% equity)$1,236
Property tax — 2025 actual bill$2,312
HOA fee — from the listing$25
Insurance (FL estimate)$160

The assumptions

Loan typeConventionalDown payment10% · $329,500Loan30-yr fixed at 6%Mortgage insuranceIncludedTaxesActual bill on recordInsuranceFlorida estimate

Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.

These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:

Andrew Acosta

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Run your own numbers

Loan type

FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.

Down payment10% · $329,500
Interest rate6.00%
Loan term

Estimated payment

$21,512/mo

Principal & interest$17,780
PMI (est., until 20% equity)$1,236
Property taxes (actual bill)$2,312
HOA / condo fee$25
Est. insurance$160

Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.

Value check

Is the price right?

The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.

List $3.3M
$1.6MedgeAI estimate $1,982,464 · range $1.7M$2.5M$3.4M

vs edgeAI estimate

+66.2%

$/sqft vs Sarasota actives

$867 vs $343

Days on market

142 vs 58 typical

Where $867/sqft sits among the 400 Sarasota actives

220
61
37
33 · this home
19
30
$158–377$377–597$597–816$816–1035$1035–1254$1254+

The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.

Where it sits

Inside Southpointe Shores

Map of 7637 COVE TERRACE inside its neighborhood boundary

Drive times from this address

Downtown Tampa70 min

Estimated driving times, typical traffic. Data © OpenStreetMap contributors.

Get to know Sarasota. See the full Sarasota guide →

Southpointe Shores — neighborhood snapshot

Population

362

Median age

44

Median income

$145,556

Median home value

$655,700

Avg household

3

Households w/ children

42%

For the school run

Sarasota County School District

ElementaryGulf Gate Elementary School★★★★★
HighRiverview High School★★★★
MiddleBrookside Middle School★★★★★

School assignments and ratings via edgeAI — always verify with the district.

The numbers that matter

The Sarasota market

Seller’s marketBalanced6.0 months of inventoryBuyer’s market

$470K$470K

Sarasota median sold, yr/yr

95.1%

Sale-to-list ratio (12 mo)

152 of 400

Sarasota actives have cut their price

Median sold price, Sarasota, trailing 36 months (3-month rolling) · live MLS data.

This home is listed 1492% above the SARASOTA 34231 median. See the full Sarasota market guide →

Paper trail

This home's history

CurrentPrice reduced to $3,295,000 $200K
Mar 14, 2026Listed at $3,495,000 · 142 days on market since
2004Built · SOUTHPOINTE SHORES UNIT 1

Reality check

What actually sold near 7637 COVE TERRACE

Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.

8592 HIDDEN LAGOON ROADSold · Jun ’26

$3,050,000

8592 HIDDEN LAGOON ROAD

4 bd · 4 ba · 3,632 sqft · $840/sqft · 290 DOM

8258 MIDNIGHT PASS ROADSold · Dec ’25

$2,200,000

8258 MIDNIGHT PASS ROAD

4 bd · 4 ba · 3,570 sqft · $616/sqft · 8 DOM

7618 MIDNIGHT PASS ROADSold · Aug ’25

$1,115,000

7618 MIDNIGHT PASS ROAD

4 bd · 4.5 ba · 4,078 sqft · $273/sqft · 205 DOM

Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.

Your home team

The pros in your corner

Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.

David Ramirez

Your agent

David Ramirez

Real Estate Agent · CENTURY 21 Edge

Tours, negotiation, and every question about 7637 COVE TERRACE — start here.

Andrew Acosta

Your lender

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Pre-approval, rates, and the real monthly number for 7637 COVE TERRACE — before you fall in love.

See it in person

Schedule a tour

Pick a day that works — this goes straight to David's phone and CRM.

Goes straight to David’s phone and CRM.

Straight answers

7637 COVE TERRACE FAQs

What would the monthly payment be for 7637 COVE TERRACE?+

With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $21,512/mo — principal and interest, the actual property-tax bill, the $25/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.

How much are the HOA fees at 7637 COVE TERRACE?+

The association fee works out to $25 per month. Ask us for the full association documents — they spell out exactly what the fee covers.

What are the property taxes on 7637 COVE TERRACE?+

The most recent tax bill on record (2025) was $27,740. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.

Are pets allowed at 7637 COVE TERRACE?+

The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.

How does the price compare to other homes in Sarasota?+

At $3,295,000, this home is listed about 478% above the Sarasota median of $570,000. The market section on this page shows how the area is trending.

Which schools are assigned to 7637 COVE TERRACE?+

Gulf Gate Elementary School (elementary), Riverview High School (high), Brookside Middle School (middle) — Sarasota County School District. Always verify school assignments with the district before relying on them.

The brief

Five things that matter here

01Positioned at the premium end

$3,295,000 runs 1492% above the SARASOTA 34231 median — but at 3,799 sqft it's also nearly twice the size of the typical Sarasota listing.

02Waterfront living

This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.

03Time on market is leverage

142 days on market against a Sarasota median of 58 — sellers in this position are usually ready to negotiate.

04Strong assigned schools

Gulf Gate Elementary School, Riverview High School, Brookside Middle School — Riverview High School rates 4 of 5. Always verify assignments with the district.

05The price has already moved

Listed at $3,495,000, now $3,295,000 — a $200K cut. The full history is in the market section below.

Listing courtesy of COLDWELL BANKER REALTY · Julie Lojacono Mackie. MLS #A4684647.

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 is deemed reliable but is not guaranteed accurate by Stellar MLS.

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