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Palmetto, FL

Sanctuary Cove

A gated waterfront community built by WCI Homes on a canal leading to the Manatee River. Single-family homes with select properties including private boat slips. A community boat lift transfers boats from the private lagoon to the river. Amenities include a clubhouse, fitness center, resort pool, and tennis courts. The Water's Edge section offers large custom-home lots.

Builder

WCI Homes

Home Types

Single Family

Amenity Level

High

HOA (Yearly) Est.

$1,701 - $3,515

CDD (Yearly) Est.

$816 - $1,799

Flood Zone

X / AE

Fee estimates may vary by lot size and sub-association. View all community fees →

Community size

240

completed homes on the county roll

Manatee County property appraiser roll, read October 2026

309

recorded residential lots

Manatee County property appraiser roll, read October 2026

Amenities & lifestyle

  • Private marina & community boat lift
  • Canal to Manatee River
  • Clubhouse & fitness center
  • Resort-style pool
  • Tennis courts
  • Gated entry · select homes with boat slips

Michael’s Take

County-assessed CDD $816-$1,799 (Sanctuary Cove CDD), the lowest district assessment in Palmetto. 240 homes on the roll, built 2019-2025, and 63% have a private pool.

How Sanctuary Cove compares

From the county records

$1,010,000

Median of 39 recorded sales since October 2023, the middle eighty percent between $495,000 and $1,700,000.

80%

Of the 240 matched residential units here claim a homestead exemption, which reads as most homes here are claimed as a permanent residence.

Still delivering. 21% of the parcels here were completed in the last three years, the most recent in 2025.

Arm’s-length sales recorded with Manatee County, read October 2026. Quitclaims, foreclosures, family transfers and pre-construction sales are excluded. Homestead requires the property to be a permanent residence, so the share carrying one is reported here as a share of matched residential units rather than as a count of who lives here. Homestead is a tax filing, not an occupancy count. A rented home can house full-time residents and will never carry the exemption, and an owner who lives here but never filed does not appear in it either. Read it as what share of matched residential units claim the exemption, not as who lives here.

At an estimated $3,916 a year in combined HOA and CDD, Sanctuary Cove sits about 10% above the Palmetto median of $3,568, ranking 14 of the 22 Palmetto communities whose fees this site tracks.

Estimates from the same dataset behind the fee pages and the True Cost Index. Fees vary by lot size and sub-association, and change with each budget.

Sanctuary Cove also appears in

Governing Documents

HOA & community documents for Sanctuary Cove

1 document from the community development or stewardship district that covers Sanctuary Cove and linked to the page each one lives on. Nothing is copied here, so you read whatever they publish today. No association documents have been located for Sanctuary Cove yet, which is a gap in what has been found rather than evidence there are none.

District documents

A community development or stewardship district is a unit of local government, not an association. Its assessment is billed with your property taxes rather than by the association, and its rules are public records of a different kind. Shown separately for that reason.

Sanctuary Cove Community Development District

Matched to Sanctuary Cove because: The district’s own audited annual financial report states its legal name, that it sits in MANATEE County, and the ordinance that created it. The name matches this community and the county matches. A district filing under a matching name in another county is the thing this check exists to rule out: the Dunes district, matched to Riviera Dunes by name, turned out to be in Flagler.

Created on October 15, 2007 by City of Palmetto Ordinance 07-952, under the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes. The only district in this batch created by a CITY rather than by the county: Ordinance 07-952 of the City of Palmetto.

Who to contact

Managed by
Sanctuary Cove Community Development District
Contact role
Independent special district; board meetings are noticed under Chapter 190
Contact pageChecked October 8, 2026

No website of its own was located. Its audited annual financial report is filed with the Florida Auditor General and is linked here. Supervisors are not listed; the board is named in the report.

Board members and officers are not listed here. They change often, and their names are on the association’s own records and in the state’s corporate filings, which is where they should be read from rather than from a page that cannot keep up.

Budget & assessmentsCurrent, per the source

Sanctuary Cove Community Development District annual financial report, fiscal year ended 30 September 2025

Issued by Sanctuary Cove Community Development District

Every parcel inside the district boundary. An audited report of what the district raised and spent, which is not a schedule of what an individual lot is assessed.

The most recent year filed with the Florida Auditor General as of the last check.

Document date
September 30, 2025
Source
District
Last checked
October 8, 2026

The governing body is known and nothing it publishes is public. That is a gap in what has been published, not evidence that the community has no restrictions. This list records what has been found in public, not everything that governs the property. Before an offer I pull the full document set for the specific address along with the association’s budget and financials.

The full document directory →

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Sanctuary Cove FAQ

Who builds homes in Sanctuary Cove?+

Sanctuary Cove is built by WCI Homes. Two things matter if you are buying new here. Register your agent on the FIRST visit: most builders pay the buyer-agent fee, but only if representation is declared before you tour, and afterwards it is usually too late. And a builder's contract is their contract, not the standard Florida form, so the deposit terms, the completion date and what happens if the build runs late are worth reading closely.

What kind of homes are in Sanctuary Cove?+

Sanctuary Cove offers single family. As single-family housing, the roof, the exterior and the insurance on the structure are yours rather than an association's, which is the main practical difference from a villa or condominium. What a specific home includes, and what the association maintains, is set out in that community's documents and is worth reading before an offer rather than after.

What amenities does Sanctuary Cove have?+

Sanctuary Cove offers Private marina & community boat lift, Canal to Manatee River, Clubhouse & fitness center, Resort-style pool, Tennis courts, among others. Worth separating two things that often get blurred together: amenities the HOA maintains and which every owner pays for, and club or golf facilities that may require a separate membership on top. Which category each amenity falls into determines your actual annual cost, and it is set out in the community documents rather than in any listing.

What have homes in Sanctuary Cove actually sold for?+

39 arm's-length sales have been recorded in Sanctuary Cove since October 2023, at a median of $1,010,000. The middle eighty percent of those sales fell between $495,000 and $1,700,000, which is a better guide to the range than the extremes. These are prices recorded with Manatee County, not asking prices, so they describe what buyers and sellers actually agreed. Figures read October 2026; quitclaims, foreclosures and family transfers are excluded.

Do people live in Sanctuary Cove year round?+

80% of the 240 matched residential units in Sanctuary Cove claim a homestead exemption, which Florida grants only on an owner's permanent residence, read from the Manatee County roll in October 2026. That reads as most homes here are claimed as a permanent residence. Homestead is a tax filing, not an occupancy count. A rented home can house full-time residents and will never carry the exemption, and an owner who lives here but never filed does not appear in it either. Read it as what share of matched residential units claim the exemption, not as who lives here.

Is Sanctuary Cove still being built?+

The most recent home the county records in Sanctuary Cove was completed in 2025, across 309 platted parcels of which 240 carry a finished home. 21% of its parcels were completed in the last three years, so Sanctuary Cove is still being delivered: expect construction nearby, and the lot choice that comes with it. Build year matters more in Florida than buyers expect, because insurers weight roof age heavily and it drives what a property costs to carry rather than just what it costs to buy.

Does Sanctuary Cove have a CDD fee?+

Yes. Sanctuary Cove carries an estimated CDD assessment of $816 - $1,799, on top of an HOA fee estimated at $1,701 - $3,515 yearly. A community development district assessment can have two components, and they behave differently: debt service repays the bonds that funded the roads, drainage and amenities, and ends when those bonds are retired, while an operations and maintenance charge pays to run what the bonds built and does not. Both are billed with your property taxes rather than by the association, and both are separate from the HOA. Assessments are set annually and vary by home and phase, so confirm the current components for the specific address.

What flood zone is Sanctuary Cove in?+

The flood zone recorded for Sanctuary Cove is X / AE. Zones beginning A or V are the higher-risk categories, where a federally backed mortgage generally requires flood insurance, while zone X is lower risk and coverage is usually optional. Flood zone is assigned per property rather than per community though, and elevation can change both the requirement and the premium substantially, so get the zone and the elevation certificate for the exact address rather than relying on a community-level figure.

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