David Ramirez
$2,890,0004 bd3 ba3,496 sqft$827 /sqft$17,907 /mo all-in ↓

7631 COVE TERRACE, SARASOTA, FL, 34231

Active6 days on marketListed Jul 18, 2026MLS #A4700159

WaterfrontPrivate poolSingle Family ResidenceSOUTHPOINTE SHORES

About this home

7631 COVE TERRACE

Imagine having your own private outdoor paradise designed for a relaxing life on the water. This custom designed Key West style residence in Southpointe Shores offers deep sailboat water on a rare wide natural bayou with more than 100 feet of waterfront, complemented by a new Atkins seawall, a 30 foot Cool Touch dock, a 27,000 pound boat lift, second wet slip capability, and a fish cleaning station. Built by Graber Homes and extensively and beautifully renovated, the residence features an open floor plan with living and dining areas that transition naturally to the kitchen and waterfront. Renewal by Andersen sliding doors frame the canal and provide direct access to the outdoor living spaces. Travertine flooring extends throughout the entire first level. The kitchen includes fine wood custom Campbell Cabinetry, Calacatta marble countertops and backsplash, a large entertaining island, a walk in pantry, and gourmet appliances featuring a new Sub Zero refrigerator, a Wolf wall oven, two Miele dishwashers, a Wolf coffee station, and a 48 inch Fulgor Milano induction range. Additionally, the first floor offers a roomy primary suite with two walk in closets and an updated Campbell Cabinetry bath with dual vanities, a walk in shower, and a clawfoot tub, along with a pool bath and an oversized laundry room. The second level offers three guest bedrooms, a full bath with a marble walk in shower and Campbell Cabinetry, and a large bonus room currently arranged as a home gym. New wood look tile flooring extends throughout the second floor. Outdoor spaces include a 7 foot deep saltwater pool and deep seat gas heated spa, a built in 48 inch Lynx outdoor kitchen, professionally designed Artistic paver patios and walkways, a gas fire pit in a private seating area, a second patio for sunbathing, and a stunning landscaped pond with waterfalls inspired by Marie Selby Botanical Gardens. The home also features a 14 speaker indoor and outdoor NHT sound system for entertaining. The entirely fenced backyard provides privacy with direct access to the dock and waterfront. Recent improvements include a whole house 26KW Generac generator, three new Bryant HVAC systems with new ductwork and Knauf insulation, an Aprilaire whole home fresh air and dehumidification system, whole house water filtration, new Starlink internet, two 48 amp Tesla charging stations, and a large air conditioned three car garage with hanging rack storage along the ceiling. Located West of the Trail, Southpointe Shores offers a friendly optional HOA, a private gated neighborhood boat ramp and park, and easy access to Midnight Pass, Sarasota Bay, Siesta Key, downtown Sarasota, shopping, and dining.

Facts & features

The home at a glance

4

Bedrooms

3

Bathrooms

3,496

Sqft

0.35 ac

Lot size

3

Garage

2002

Year built

Two

Levels

$827

Per sqft

Private poolWaterfrontFireplaceGarden & Water viewPets allowed

Inside

FlooringEpoxy · Tile · Travertine
AppliancesBuilt-In Oven · Cooktop · Dishwasher · Dryer · Microwave · Range · Range Hood · Refrigerator · Washer
InteriorCeiling Fan(s) · Central Vacuum · Crown Molding · Eating Space In Kitchen · Kitchen/Family Room Combo · Open Floorplan · Primary Bedroom Main Floor · Solid Wood Cabinets · Stone Counters · Tray Ceiling(s) · Walk-In Closet(s)
LaundryLaundry Room
CoolingCentral Air · Humidity Control · Mini-Split Unit(s)
HeatingCentral

Outside & construction

RoofMetal
ConstructionBlock · Stucco
FoundationSlab
ViewGarden · Water
FacesNorthwest
ParkingDriveway · Electric Vehicle Charging Station(s)
ExteriorLighting · Outdoor Grill · Outdoor Kitchen · Sliding Doors

Community & fees

HOA fee$25/mo
Taxes (2025)$12,532/yr
PetsYes
CommunityCommunity Boat Ramp

Utilities & systems

UtilitiesElectricity Connected · Natural Gas Connected · Sewer Connected · 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.

$17,907 /mo · 10% down Conventional, 30-yr fixed at 6%

Principal & interest$15,594
PMI (est., until 20% equity)$1,084
Property tax — 2025 actual bill$1,044
HOA fee — from the listing$25
Insurance (FL estimate)$160

The assumptions

Loan typeConventionalDown payment10% · $289,000Loan30-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% · $289,000
Interest rate6.00%
Loan term

Estimated payment

$17,907/mo

Principal & interest$15,594
PMI (est., until 20% equity)$1,084
Property taxes (actual bill)$1,044
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 $2.9M
$1.2MedgeAI estimate $1,926,042 · range $1.3M$2.7M$3.0M

vs edgeAI estimate

+50%

Days on market

6 vs 58 typical

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 7631 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)

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

This home is listed 1199% above the SARASOTA 34231 median. See the full Sarasota market guide →

Paper trail

This home's history

Jul 18, 2026Listed at $2,890,000 · 6 days on market since
2002Built · SOUTHPOINTE SHORES

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 7631 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 7631 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

7631 COVE TERRACE FAQs

What would the monthly payment be for 7631 COVE TERRACE?+

With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $17,907/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 7631 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 7631 COVE TERRACE?+

The most recent tax bill on record (2025) was $12,532. 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 7631 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 $2,890,000, this home is listed about 407% above the Sarasota median of $570,000. The market section on this page shows how the area is trending.

Which schools are assigned to 7631 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

$2,890,000 runs 1199% above the SARASOTA 34231 median — but at 3,496 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.

03Fresh on the market

Only 6 days on market in a Sarasota market that averages 58 — if it fits, move quickly.

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.

Listing courtesy of FIRST LIGHT REAL ESTATE · Cathy Rustin. MLS #A4700159.

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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