Back 605/5531 Cannes Circle
Off Market

605/5531 Cannes Circle

South Sarasota FL 34231

2
2
1
1840 sq. ft.
20134 sq. ft.
Condo
Last sold for $645,000
Julie FroeschleJulie Froeschle, last sold this property on 20 May 2025 after 101 days on market.

Overview

WATERFRONT CONDO!! Bring your offers...IMMACULATE and IMPRESSIVE, updated condo in the picturesque, gated, waterfront community of Phillippi Landings! This designer styled, TURNKEY furnished 2 bedroom, 2 bath condo with additional den/office space boasts panoramic views of Phillippi Creek, the Intracoastal waterway, Siesta Key and the Gulf waters! This ideal home is one of the few units with its own PRIVATE ELEVATOR entry into your foyer! Kitchen has all granite counters, new tiled back splash, SS appliances, solid wood cabinets, recessed lighting and an eat-in bar. There is beautiful tile throughout the main living areas accented with 5 1/2 inch baseboards, new ceiling fans, new light fixtures and has been styled with all Robb & Stucky and Norris furnishings that showcase timeless, luxury living... all included! Primary suite is spacious and has 2 walk-in closets, an elegant tray ceiling, and a private door to the screened-in lanai to relax and watch the boats go by, all the abundant nature, Phillippi Estate park and sunsets over Siesta Key and the Gulf waters. En-suite primary bath opens with an easy slide, new barn door, into your spa-like retreat with 2 separate granite vanities, updated walk-in shower and soaker tub. The flex room can be your office, den, craft room.. you decide! This desirable split floor plan has an elegant 2nd bedroom, updated full bath with granite vanity, and tiled tub/shower combo. Laundry closet is convenient and has extra storage cabinets. There is an assigned parking space under the building and your own storage room with electric, most do not have this extra feature. This building was built in 2006 to hurricane codes for peace of mind. The prime location of this community has incredible walkability to local restaurants, a short bike ride to Siesta Key, and a quick stroll over the bridge to the farmers market, art shows and free concerts at Phillippi Estate park. This a boaters paradise with optional docks available for lease or purchase, or store it at the marina next door. Location is amazing.. minutes out to the Intracoastal waterway, and Gulf to go fishing, visit area beaches and take in incredible sunsets! Like to kayak or paddle board? No problem.. storage is on-site with private launch area. Other top-notch amenities include a resort-style heated pool/spa, clubhouse to meet up with friends and play cards/games, full service catering kitchen, well-equipped fitness center, and dog park. WELCOME TO FLORIDA LIVING AT ITS FINEST!

Features

2 bedrooms
2 bathrooms
1 carspace
1 carport space
1840 sq. ft. floor area
20134 sq. ft. lot size
Condo

Estimated Value

Based on this property and similar 2 bedroom condos sold in South Sarasota over the last 12 months, the estimated median property value of 605/5531 Cannes Circle is $260k.

Median value
$260k
Estimated value range
$124k - $746.63k
Median days on market
81
Estimated value trend
-6%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in South Sarasota. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 605/5531 Cannes Circle

2025
Sold
$645,000
20 May 2025 by Julie Froeschle, of BERKSHIRE HATHAWAY HOMESERVICE
2017
Sold
$480,000
30 May 2017 by Pat Mudgett, of MICHAEL SAUNDERS & COMPANY
2010
Sold
$365,000
17 May 2010 by Rita Ferrell Lasky, of Ramar Realty of SW FL Inc

Happy sellers in South Sarasota

79%
79% of sellers in South Sarasota reported that their sale price either exceeded or met their price expectations.

South Sarasota stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 21 reviews in South Sarasota over the last 12 months.

Local market activity for 2 bedroom condos in South Sarasota

In the last 12 months, 100 two-bedroom condos similar to 605/5531 Cannes Circle, have been sold.

This represents a 11% decrease in two-bedroom condos sales when compared to the previous 12 months.

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