Pelican Cove Homes for Sale

Pelican Cove is a residential community in Ocean Ridge, Florida.

Pure Equity Realty covers Pelican Cove and the Ocean Ridge area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows a single listing for Pelican Cove Ocean Ridge homes for sale as of October 2026. The median asking price is $3.88M.

That is 143% above the Ocean Ridge median of $1.59M. On a per-foot basis, homes here ask about $1,586 per square foot, compared with $818 across Ocean Ridge. So the median price buys roughly 2,450 square feet of living area. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 218 days on the market. That is slower than the Ocean Ridge average of 114 days. Because of that, buyers often have more room to negotiate on price, repairs or closing costs.

Homes listed in Pelican Cove date from 1982, so they are about 44 years old.

All of these homes predate Florida's 2002 statewide building code. So roof age, window protection and the wind mitigation report matter a great deal for insurance.

In addition, most Florida insurers ask for a four-point inspection on homes 30 years or older. It covers the roof, electrical, plumbing and HVAC. Updated systems usually make coverage easier to place.

Rentals in Pelican Cove have a median asking rent of $15,000 per month, across 1 active rental listing. For comparison, the Ocean Ridge median is $6,250, so rents here run 140% higher.

You can browse current Ocean Ridge rentals or ask us for a rent estimate on a specific Pelican Cove home.

Here is what the median Pelican Cove price means in Florida closing terms. At $3.88M, a 20% down payment comes to about $775,000, leaving a loan near $3.1M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $10,850. Next, the intangible tax of 0.2% adds about $6,200. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Pelican Cove median, that is about $27,125.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.