Listing Details for MLS #O6186349
5531 Cannes Cir Unit 201, Sarasota, Fl

Residential Property - Condominium in Sarasota

Listing Price: $1,399,000 (Mortgage Calculator →)Days on Market: 1

Description of Property

Prime waterfront location 3-bedroom 2-bath 2,024 square foot condo in resort like setting of Phillippi Landings. Boater’s dream with private boat docks available! Completely renovated and updated in 2022/23 from top to bottom with no expense spared by an award-winning design team. This corner/end unit is one of the largest and best situated in the complex. Enjoy panoramic water views from three sides of this gorgeous modern condo boasting imported Legno Bastone wide-plank, black walnut, and marble floors. Custom solid-walnut cabinets, stone agate counter tops, and European designer fixtures and lighting. Expansive bay windows grace the kitchen / desk and living room areas. All windows are equipped with Hunter Douglas electric blinds / shades with black-out in bedrooms. Ten-foot ceilings and eight-foot solid core doors throughout. Gourmet kitchen featuring professional grade Thermador appliances, including two 30-inch refrigerators w/freezer, built-in microwave and oven, and convection cooktop. Master bed and bath includes spacious walk-in dressing room and closet with custom built-in cabinets, separate his / her vanities, soaking tub, shower, and enclosed toilet. Custom designed and built walnut entertainment center with 65” flat-screen TV and electric fireplace. In addition to the spacious interior, this unit is one of only two in the building to have a large, screened patio plus 2,000 square feet of additional private outdoor waterfront terraces. These two expansive terraces provide ample areas for sun or shade and cool breezes off the water for relaxation and added privacy throughout the day. The second and third bedrooms have doorways that open to the north terrace. Designer furniture and furnishings are available for additional consideration. Ample parking including a private oversized one-car garage under the building with electricity and room for bike storage, workbench and more. The elevator and stairs are located close to the condo entrance. Nothing was overlooked during the renovation, including a new 6-ton HVAC roof-top unit and interior air handler, complete water-sealing of all exterior windows and doors, and sealing, stucco finish and epoxy resurfacing of the garage interior. Security system with remote video cameras located throughout the unit and garage. The seller owns four adjoining boat slips in the community marina and has submitted plans for permits to combine into one large dock with 14,000 lb. lift for up to a 40’ boat, plus a lift for personal watercraft and will sell those for an additional price. Phillippi Landings is a short drive to the world-renowned Siesta Key Beach and a short unobstructed (no bridges) boat ride to the Gulf of Mexico. Association amenities include kayak storage and launch, fitness center, club house, resort-style swimming pool and jacuzzi, waterfront walking path, and more. This unit is priced for sale at below owner’s investment.The average asking price for a 3 bedroom/2 bath condominium in this Zip code is $669,753. This condominium is listed at about 209% of the average asking price. This is the only 3 bedroom/2 bath condominium between $1,200,000 and $1,600,000 currently listed for sale in this Zip code.