5531 CANNES CIRCLE UNIT 603, SARASOTA, FL, 34231
Active139 days on marketListed Mar 7, 2026MLS #A4685329
About this home
5531 CANNES CIRCLE UNIT 603
Luxury living with spectacular sunset waterfront views in the gated community of Phillippi Landings, offering boating access and a prime Sarasota location just minutes from Siesta Key Beach and downtown. This sixth-floor residence overlooks Phillippi Creek with glimpses of the Intracoastal Waterway and a peek of the Gulf from the private screened balcony. The 2-bedroom, 2-bath plus den floor plan features 10-foot ceilings, crown molding, and numerous upgrades including a newer A/C system, LG refrigerator, LG washer and dryer, KitchenAid dishwasher, Lumens ceiling fans, and upgraded lighting. The kitchen offers granite countertops, wood cabinetry, and stainless steel appliances, opening to the living area and screened balcony through 8-foot sliding doors for seamless indoor-outdoor living for relaxing or entertaining. The primary suite features wood flooring, two walk-in closets, and a spacious bath with dual vanities, garden tub, and walk-in shower. Residents enjoy resort-style amenities including a heated waterfront pool and spa, fitness center, clubhouse, kayak launch, dog park, and scenic boardwalk. Some high-end quality furnishings available.
Facts & features
The home at a glance
2
Bedrooms
2
Bathrooms
1,706
Sqft
0.46 ac
Lot size
1
Garage
2006
Year built
One
Levels
$380
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$4,449 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
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
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$4,449/mo
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.
vs edgeAI estimate
+27.5%
$/sqft vs Sarasota actives
$380 vs $330
Days on market
139 vs 58 typical
Where $380/sqft sits among the 400 Sarasota actives
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 Phillippi Landings
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Sarasota. See the full Sarasota guide →
Phillippi Landings — neighborhood snapshot
Population
408
Median age
72
Median income
$105,455
Median home value
$512,400
Avg household
2
Households w/ children
6%
For the school run
Sarasota County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Sarasota market
$470K → $470K
Sarasota median sold, yr/yr
95.1%
Sale-to-list ratio (12 mo)
151 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 186% above the SARASOTA 34231 median. See the full Sarasota market guide →
Paper trail
This home's history
Reality check
What actually sold near 5531 CANNES CIRCLE UNIT 603
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Mar ’26$695,000
5565 CANNES CIRCLE UNIT 5565 · same community
4 bd · 3 ba · 1,745 sqft · $398/sqft · 146 DOM
Sold · Apr ’26$1,358,000
5531 CANNES CIRCLE UNIT 801 · same community
4 bd · 3 ba · 2,530 sqft · $537/sqft · 114 DOM
Sold · Dec ’25$900,000
1100 COVE II PLACE UNIT 910
2 bd · 2 ba · 1,710 sqft · $526/sqft · 7 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.
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 5531 CANNES CIRCLE UNIT 603 — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 5531 CANNES CIRCLE UNIT 603 — 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.
Straight answers
5531 CANNES CIRCLE UNIT 603 FAQs
What would the monthly payment be for 5531 CANNES CIRCLE UNIT 603?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $4,449/mo — principal and interest, the actual property-tax bill 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.
What are the property taxes on 5531 CANNES CIRCLE UNIT 603?+
The most recent tax bill on record (2025) was $6,519. 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 5531 CANNES CIRCLE UNIT 603?+
The listing reports pets: Cats OK, Dogs OK, Number Limit. 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 $649,000, this home is listed about 14% above the Sarasota median of $570,000. The market section on this page shows how the area is trending.
Which schools are assigned to 5531 CANNES CIRCLE UNIT 603?+
Phillippi Shores 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
Four things that matter here
01Positioned at the premium end
$649,000 runs 186% above the SARASOTA 34231 median.
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
139 days on market against a Sarasota median of 58 — sellers in this position are usually ready to negotiate.
04Strong assigned schools
Phillippi Shores Elementary School, Riverview High School, Brookside Middle School — Phillippi Shores Elementary School rates 5 of 5. Always verify assignments with the district.
Keep looking
Similar homes nearby
Listing courtesy of ALBERT WOOSTER & COMPANY · Albert Wooster. MLS #A4685329.
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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