diff --git a/esphome/components/http_request/__init__.py b/esphome/components/http_request/__init__.py
index f4475060df..7dffdae27f 100644
--- a/esphome/components/http_request/__init__.py
+++ b/esphome/components/http_request/__init__.py
@@ -7,10 +7,7 @@ from esphome import automation
 from esphome.const import (
     CONF_ID,
     CONF_TIMEOUT,
-    CONF_ESPHOME,
     CONF_METHOD,
-    CONF_ARDUINO_VERSION,
-    ARDUINO_VERSION_ESP8266,
     CONF_TRIGGER_ID,
     CONF_URL,
 )
@@ -78,23 +75,19 @@ CONFIG_SCHEMA = cv.Schema(
 ).extend(cv.COMPONENT_SCHEMA)
 
 
-def validate_framework(config):
-    if CORE.is_esp32:
+def validate_framework(value):
+    if not CORE.is_esp8266:
+        # only for ESP8266
         return
 
-    # only for ESP8266
-    path = [CONF_ESPHOME, CONF_ARDUINO_VERSION]
-    version: str = fv.full_config.get().get_config_for_path(path)
-
-    reverse_map = {v: k for k, v in ARDUINO_VERSION_ESP8266.items()}
-    framework_version = reverse_map.get(version)
+    framework_version = fv.get_arduino_framework_version()
     if framework_version is None or framework_version == "dev":
         return
 
     if framework_version < "2.5.1":
         raise cv.Invalid(
-            "This component is not supported on arduino framework version below 2.5.1",
-            path=[cv.ROOT_CONFIG_PATH] + path,
+            "This component is not supported on arduino framework version below 2.5.1, ",
+            "please check esphome->arduino_version",
         )
 
 
diff --git a/esphome/components/wifi/__init__.py b/esphome/components/wifi/__init__.py
index fa28eaffd4..5a81d6a8f5 100644
--- a/esphome/components/wifi/__init__.py
+++ b/esphome/components/wifi/__init__.py
@@ -148,7 +148,41 @@ def final_validate(config):
         )
 
 
-FINAL_VALIDATE_SCHEMA = cv.Schema(final_validate)
+def final_validate_power_esp32_ble(value):
+    if not CORE.is_esp32:
+        return
+    if value != "NONE":
+        # WiFi should be in modem sleep (!=NONE) with BLE coexistence
+        # https://docs.espressif.com/projects/esp-idf/en/v3.3.5/api-guides/wifi.html#station-sleep
+        return
+    framework_version = fv.get_arduino_framework_version()
+    if framework_version not in (None, "dev") and framework_version < "1.0.5":
+        # Only frameworks 1.0.5+ impacted
+        return
+    full = fv.full_config.get()
+    for conflicting in [
+        "esp32_ble",
+        "esp32_ble_beacon",
+        "esp32_ble_server",
+        "esp32_ble_tracker",
+    ]:
+        if conflicting in full:
+            raise cv.Invalid(
+                f"power_save_mode NONE is incompatible with {conflicting}. "
+                f"Please remove the power save mode. See also "
+                f"https://github.com/esphome/issues/issues/2141#issuecomment-865688582"
+            )
+
+
+FINAL_VALIDATE_SCHEMA = cv.All(
+    cv.Schema(
+        {
+            cv.Optional(CONF_POWER_SAVE_MODE): final_validate_power_esp32_ble,
+        },
+        extra=cv.ALLOW_EXTRA,
+    ),
+    final_validate,
+)
 
 
 def _validate(config):
diff --git a/esphome/final_validate.py b/esphome/final_validate.py
index 50fdbaf3f4..47071b5391 100644
--- a/esphome/final_validate.py
+++ b/esphome/final_validate.py
@@ -4,6 +4,13 @@ import contextvars
 
 from esphome.types import ConfigFragmentType, ID, ConfigPathType
 import esphome.config_validation as cv
+from esphome.const import (
+    ARDUINO_VERSION_ESP32,
+    ARDUINO_VERSION_ESP8266,
+    CONF_ESPHOME,
+    CONF_ARDUINO_VERSION,
+)
+from esphome.core import CORE
 
 
 class FinalValidateConfig(ABC):
@@ -55,3 +62,20 @@ def id_declaration_match_schema(schema):
             return schema(declaration_config)
 
     return validator
+
+
+def get_arduino_framework_version():
+    path = [CONF_ESPHOME, CONF_ARDUINO_VERSION]
+    # This is run after core validation, so the property is set even if user didn't
+    version: str = full_config.get().get_config_for_path(path)
+
+    if CORE.is_esp32:
+        version_map = ARDUINO_VERSION_ESP32
+    elif CORE.is_esp8266:
+        version_map = ARDUINO_VERSION_ESP8266
+    else:
+        raise ValueError("Platform not supported yet for this validator")
+
+    reverse_map = {v: k for k, v in version_map.items()}
+    framework_version = reverse_map.get(version)
+    return framework_version
diff --git a/tests/test1.yaml b/tests/test1.yaml
index 29df5857d3..08e1d63534 100644
--- a/tests/test1.yaml
+++ b/tests/test1.yaml
@@ -80,7 +80,7 @@ wifi:
     dns2: 1.2.2.1
   domain: .local
   reboot_timeout: 120s
-  power_save_mode: none
+  power_save_mode: light
 
 http_request:
   useragent: esphome/device