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Off market
  • $501,500

    5970 Midnight Pass Rd #S-8, Sarasota, FL 34242

    1beds
    972sqft
    Condo - Hotel
    Built in 1975
    -- sqft lot
    $501,500 Zestimate®
    $516/sqft
    $-- Estimated rent

    Home value

    $501,500

    $446,000 - $567,000

    Not available

    Zestimate® history
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    What's special

    Siesta Key Beach - #1 Beach in America! You can own your own slice of paradise in one of the most beautiful areas. This one bedroom, one and a half bath condo on the Gulf side of the Palm Bay Club packs a lot of punch. With year round, short term rentals permitted, you can use the unit when you want (and escape the cold winters) and then rent it out to off set expenses. The kitchen, baths, and floors and furniture have been updated by the current owner in the last 5 years. It includes beach friendly tile floors throughout, granite countertops, excellent storage, and a high-end sleeper sofa. Four guests are permitted in this one bedroom unit. The owner grossed $38K in 2019, over $36 in 2018, $32K in 2017, and $38K in 2016. The income varied based on owner usage. Palm Bay Club is a Gulf-to-Bay resort style complex with on-site rental management, 2 pools, tennis court, pickle ball court, barbecue grills, boat docks for daily rental, fishing pier, and of course - private access to the powder sand of Siesta Beach. Siesta Key Village is just a short drive away to restaurants and shopping. Being sold turnkey furnished and in excellent shape, this unit is ready to go!

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Originating MLS: Sarasota - Manatee

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 2
    • Full bathrooms: 1
    • 1/2 bathrooms: 1
    Heating
    • Forced air, Electric
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Microwave, Refrigerator
    • Laundry: Laundry Room, Outside
    Features
    • Ceiling Fans(s), Walk-In Closet(s), Thermostat, Living Room/Dining Room Combo, Solid Surface Counters, Window Treatments
    • Flooring: Tile
    • Windows: Blinds, Drapes
    • Furnished: Yes
    Interior area
    • Structure area source: Owner
    • Total interior livable area: 972 sqft

    Property

    Parking
    • Parking features: Open
    Features
    • Levels: One
    • Patio & porch: Screened, Covered
    • Exterior features: Stucco
    • Waterfront features: Gulf/Ocean
    • Body of water: GULF OF MEXICO
    Lot
    • Residential vegetation: Trees/Landscaped
    Details
    • Parcel number: 0105136235

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Other
    • Property subtype: Condo - Hotel
    Materials
    • Roof: Built-up
    Condition
    • Completed
    • Year built: 1975

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Sewer Connected, BB/HS Internet Available, Public, Cable Connected, Water Connected

    Community & HOA

    Community
    • Features: On Site Laundry Available
    • Subdivision: PALM BAY CLUB III
    HOA
    • Has HOA: Yes
    • Amenities included: Cable, Elevators, Fitness Center, Maintenance, Pool, Dock, Laundry, Tennis Court(s), Recreation Facilities, Optional Additional Fees, Boat Slip
    • Services included: Community Pool, Maintenance Grounds, Recreational Facilities, Trash, Cable TV, Maintenance Exterior, Pest Control, Pool Maintenance, Sewer, Water, Internet, Escrow Reserves Fund, Manager
    • HOA fee: $533 monthly
    Location
    • Region: Sarasota

    Financial & listing details

    • Price per square foot: $516/sqft
    • Tax assessed value: $485,000
    • Annual tax amount: $6,694
    • Listing terms: Cash, Conventional
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    1/21/2021Sold$465,000-2.1%$478/sqft
    Source: Stellar MLS #A4484481 Report a problem
    12/28/2020Pending sale$475,000$489/sqft
    Source: Sarasota #A4484481 Report a problem
    12/21/2020Listed for sale$475,000$489/sqft
    Source: Sarasota #A4484481 Report a problem
    12/16/2020Pending sale$475,000$489/sqft
    Source: Sarasota #A4484481 Report a problem
    11/23/2020Listed for sale$475,000$489/sqft
    Source: BERKSHIRE HATHAWAY HOMESERVICES FLORIDA REALTY #A4484481 Report a problem
    1/31/2020Listing removed$475,000$489/sqft
    Source: Sarasota #A4432328 Report a problem
    8/22/2019Price change$475,000-5%$489/sqft
    Source: BERKSHIRE HATHAWAY HOMESERVICES FLORIDA REALTY #A4432328 Report a problem
    4/29/2019Listed for sale$500,000$514/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker #A4432328 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2006$6,694 +5.7%$485,000 +12.8%
    2005$6,332 +26.6%$430,000 +33.7%
    2004$5,000 $321,500
    Find assessor info on the county website

    Neighborhood: 34242

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Phillippi Shores Elementary
    • Middle: Brookside Middle
    • High: Sarasota High

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $501,500
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $501,500