David Ramirez
$3,499,000$3,695,0004 bd4 ba4,564 sqft$767 /sqft$21,894 /mo all-in ↓

7689 COVE TERRACE, SARASOTA, FL, 34231

Active97 days on marketListed Apr 28, 2026MLS #A4691515

Reduced $196KWaterfrontPrivate poolSingle Family ResidenceSOUTHPOINTE SHORES

About this home

7689 COVE TERRACE

Just three homes in from the open waters of Little Sarasota Bay, this beautifully updated waterfront residence in Southpointe Shores offers a rare combination of location, scale, and immediate livability. Positioned on a quiet cul-de-sac with nearly 100 feet of Intracoastal frontage, the property captures wide water views and direct boating access in one of Sarasota’s most desirable neighborhoods. Spanning more than 4,500 square feet across two levels, the home is designed for both everyday comfort and entertaining. An open layout defines the main level, where wood-grain tile flooring connects the primary living spaces and walls of pocketing sliding glass doors open fully to the outdoor living areas—creating a seamless indoor-outdoor experience. The recently reimagined pool deck serves as the centerpiece of the home’s outdoor setting, featuring a covered lounge area, summer kitchen with built-in grill, and a resort-style heated pool and spa with sun shelf and waterfall features. The expansive patio overlooks peaceful waters, offering a dynamic waterfront backdrop from morning through sunset. Inside, the new chef’s kitchen has been thoughtfully updated (in 2024) with custom contemporary cabinetry, quartz countertops, high-end appliances—including a built-in Miele coffee station—center island with breakfast bar, and a full-sized wine cooler. The adjacent family room offers vaulted ceilings, water views, and a well-appointed wet bar with built-in shelving, creating a natural gathering space. Two guest suites with updated en-suite baths are located on the main level, along with a dedicated laundry room. The second floor is reserved for privacy, featuring an expansive primary suite with sweeping water views, fireplace, custom walk-in closet, and a marble en-suite bath. A study and additional bedroom on this level provide flexibility for a home office, fitness space, or nursery. Recent upgrades enhance both comfort and peace of mind, including impact windows and sliding glass doors (2020), a new seawall (2019), tile roof (2016), updated electrical wiring, modernized baths, and newer HVAC and water heater systems. Set on an oversized waterfront homesite with direct access to the Intracoastal Waterway, this boater’s sanctuary includes a newer private dock with 27,000-pound lift, accommodating a variety of boating needs. Southpointe Shores is a quiet, tucked-away waterfront community known for its proximity to Sarasota’s best coastal destinations. Siesta Key Beach and Crescent Beach are just minutes away, along with marinas, parks, and everyday conveniences. Downtown Sarasota’s cultural attractions—including The Bay Park, Selby Gardens, the Van Wezel Performing Arts Hall, galleries, and dining—are easily accessible, offering a lifestyle that balances privacy with connectivity.

Facts & features

The home at a glance

4

Bedrooms

4

Bathrooms

4,564

Sqft

0.36 ac

Lot size

2

Garage

1964

Year built

Two

Levels

$767

Per sqft

Private poolWaterfrontFireplacePool & Water viewPets allowed

Inside

FlooringCarpet · Tile
AppliancesBar Fridge · Built-In Oven · Cooktop · Dishwasher · Disposal · Dryer · Microwave · Refrigerator · Washer · Wine Refrigerator
InteriorBuilt-in Features · Ceiling Fan(s) · Eating Space In Kitchen · High Ceilings · Open Floorplan · PrimaryBedroom Upstairs · Solid Wood Cabinets · Split Bedroom · Stone Counters · Tray Ceiling(s) · Walk-In Closet(s) · Wet Bar · Window Treatments
LaundryInside · Laundry Room
CoolingCentral Air · Zoned
HeatingCentral · Electric · Zoned

Outside & construction

RoofTile
ConstructionStucco · Wood Frame
FoundationSlab
ViewPool · Water
FacesNorth
ParkingCircular Driveway · Driveway · Garage Door Opener · Oversized
ExteriorLighting · Outdoor Grill · Outdoor Kitchen · Private Entrance · Private Mailbox · Private Yard · Rain Gutters · Sidewalk · Sliding Doors

Community & fees

HOA fee$25/mo
Taxes (2025)$18,202/yr
PetsYes
CommunityBay/Harbor Front · Dock · Private Boat Ramp · Water Access · Waterfront

Utilities & systems

UtilitiesCable Available · Electricity Connected · Public · 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.

$21,894 /mo · 10% down Conventional, 30-yr fixed at 6%

Principal & interest$18,880
PMI (est., until 20% equity)$1,312
Property tax — 2025 actual bill$1,517
HOA fee — from the listing$25
Insurance (FL estimate)$160

The assumptions

Loan typeConventionalDown payment10% · $349,900Loan30-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% · $349,900
Interest rate6.00%
Loan term

Estimated payment

$21,894/mo

Principal & interest$18,880
PMI (est., until 20% equity)$1,312
Property taxes (actual bill)$1,517
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 $3.5M
$736KedgeAI estimate $1,533,391 · range $766K$2.8M$3.6M

vs edgeAI estimate

+128.2%

$/sqft vs Sarasota actives

$767 vs $343

Days on market

97 vs 58 typical

Where $767/sqft sits among the 400 Sarasota actives

220
61
37 · this home
33
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 7689 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 marketBalanced5.4 months of inventoryBuyer’s market

$475K$495K

Sarasota median sold, yr/yr

95.2%

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 1590% above the SARASOTA 34231 median. See the full Sarasota market guide →

Paper trail

This home's history

CurrentPrice reduced to $3,499,000 $196K
Apr 28, 2026Listed at $3,695,000 · 97 days on market since
1964Built · SOUTHPOINTE SHORES

Reality check

What actually sold near 7689 COVE TERRACE

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

1739 LITTLE POINTE CIRCLESold · Feb ’26

$3,950,000

1739 LITTLE POINTE CIRCLE · same community

4 bd · 3 ba · 3,059 sqft · $1,291/sqft · 4 DOM

1833 SANDALWOOD DRIVESold · Feb ’26

$631,000

1833 SANDALWOOD DRIVE · same community

3 bd · 2 ba · 1,747 sqft · $361/sqft · 119 DOM

1364 POINT CRISP ROADSold · Feb ’26

$3,500,000

1364 POINT CRISP ROAD

4 bd · 5 ba · 4,562 sqft · $767/sqft · 313 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 7689 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 7689 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

7689 COVE TERRACE FAQs

What would the monthly payment be for 7689 COVE TERRACE?+

With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $21,894/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 7689 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 7689 COVE TERRACE?+

The most recent tax bill on record (2025) was $18,202. 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 7689 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 $3,499,000, this home is listed about 514% above the Sarasota median of $570,000. The market section on this page shows how the area is trending.

Which schools are assigned to 7689 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

Four things that matter here

01Positioned at the premium end

$3,499,000 runs 1590% above the SARASOTA 34231 median — but at 4,564 sqft it's also nearly 3 times 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.

03Strong 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.

04The price has already moved

Listed at $3,695,000, now $3,499,000 — a $196K cut. The full history is in the market section below.

Listing courtesy of COLDWELL BANKER REALTY · Roger Pettingell. MLS #A4691515.

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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