Gulf and Bay Club 5740 Midnight Pass Rd Unit 502 Sarasota, FL 34242
Estimated Value: $1,463,000 - $1,746,000
2
Beds
2
Baths
1,584
Sq Ft
$1,694/mo
HOA Fee
Highlights
- 1,600 Feet of Waterfront
- Beach View
- Fitness Center
- Phillippi Shores Elementary School Rated A
- Water access To Gulf or Ocean
- Penthouse
About This Home
As of March 2024Immerse yourself in the allure of this top-to-bottom completely renovated coastal contemporary Siesta Key penthouse, showcasing unbeatable, unobstructed views of the famous white powder sand and the azure blue waters of the Gulf of Mexico. Elevated on the top floor of Building F with direct Gulf frontage, this fully furnished unit is nestled within the coveted Gulf & Bay complex, offering first-class resort-like amenities. Breathe in the fresh, salty air, witness pelicans flying at eye level, and catch glimpses of dolphins from the comfort of your beautifully transformed island paradise home. Witness the brilliance of the July 4th fireworks right from your backyard! This impeccably decorated condo now showcases an optimal layout with an open living plan, a spacious guest bedroom, and a bathroom comfortably accommodating two queen beds. The large master suite captures spectacular views and includes generously sized his and hers walk-in closets and a master bath with dual sinks and a walk-in shower, all part of the complete renovation. The coastal vibe extends to the sparkling chef's kitchen, complete with stainless appliances, quartz countertops, and beautiful white cabinets. Entertain in style with the added convenience of a mini bar and fridge setting the stage for delightful entertaining. The dining and living areas provide a relaxed open setting to savor the breathtaking Gulf views. Discover the convenience of an enormous walk-in storage room that accommodates side-by-side washer and dryer units. Beyond the prime location and stunning views, this resort-style gated community continues to offer three heated swimming pools, racquetball, basketball, pickleball, and tennis courts. A fitness center with a spa and dry sauna, multiple barbecue areas, and two clubhouses with a library, computer room, and pool table complete the extensive list of amenities. A truly rare find in every aspect! Every intricate detail in this renovation has been meticulously considered by the owners. Schedule your private tour today to experience the ultimate coastal beach living. Bedroom Closet Type: Walk-in Closet (Primary Bedroom).
Last Agent to Sell the Property
WILLIAM RAVEIS REAL ESTATE License #3388766 Listed on: 02/10/2024
Last Buyer's Agent
WILLIAM RAVEIS REAL ESTATE License #3388766 Listed on: 02/10/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $14,740
Year Built
- Built in 1986
Lot Details
- East Facing Home
HOA Fees
- $1,694 Monthly HOA Fees
Property Views
Home Design
- Penthouse
- Built-Up Roof
- Concrete Siding
- Pile Dwellings
- Stucco
Interior Spaces
- 1,584 Sq Ft Home
- Open Floorplan
- Furnished
- Bar Fridge
- Ceiling Fan
- Sliding Doors
- Great Room
- Combination Dining and Living Room
- Sun or Florida Room
- Inside Utility
- Tile Flooring
Kitchen
- Convection Oven
- Range with Range Hood
- Recirculated Exhaust Fan
- Microwave
- Dishwasher
- Stone Countertops
- Solid Wood Cabinet
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- Split Bedroom Floorplan
- Walk-In Closet
- 2 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
Parking
- 1 Carport Space
- Assigned Parking
Outdoor Features
- Water access To Gulf or Ocean
- Deeded access to the beach
- Exterior Lighting
Schools
- Phillippi Shores Elementary School
- Brookside Middle School
- Sarasota High School
Utilities
- Central Heating and Cooling System
- Thermostat
- Electric Water Heater
- Fiber Optics Available
- Cable TV Available
Additional Features
- Heated Spa
- Property is near public transit
Listing and Financial Details
- Visit Down Payment Resource Website
- Legal Lot and Block 502 / F
- Assessor Parcel Number 0105046134
Community Details
Overview
- Association fees include 24-Hour Guard, cable TV, common area taxes, pool, escrow reserves fund, fidelity bond, insurance, internet, maintenance structure, ground maintenance, maintenance, management, pest control, private road, recreational facilities, security, sewer, trash, water
- Kw Property Management/William Seeley Association, Phone Number (941) 349-3000
- Visit Association Website
- Gulf & Bay Club Community
- Gulf & Bay Club Subdivision
- On-Site Maintenance
- Association Owns Recreation Facilities
- 5-Story Property
Amenities
- Sauna
- Elevator
Recreation
- Racquetball
- Recreation Facilities
- Shuffleboard Court
- Community Spa
Pet Policy
- No Pets Allowed
Security
- Security Guard
- Card or Code Access
- Gated Community
- High Impact Windows
- Fire and Smoke Detector
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 10, 2024
Closed on
Mar 22, 2024
Sold by
Inspired Waters Llc
Bought by
Leicht Stephen and Leicht Mandy
Seller's Agent
Brandon Surline
WILLIAM RAVEIS REAL ESTATE
Buyer's Agent
Brandon Surline
WILLIAM RAVEIS REAL ESTATE
List Price
$1,700,000
Sold Price
$1,700,000
Views
17
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$151,582
Avg. Annual Appreciation
-6.45%
Original Mortgage
$1,190,000
Outstanding Balance
$1,176,056
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$388,969
Purchase Details
Listed on
May 29, 2021
Closed on
Jul 23, 2021
Sold by
Leontarakis George K and Leontarakis Maria C
Bought by
Inspired Waters Llc
Seller's Agent
Alberto Orta
Buyer's Agent
Brandon Surline
WILLIAM RAVEIS REAL ESTATE
List Price
$1,265,000
Sold Price
$1,200,000
Premium/Discount to List
-$65,000
-5.14%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.99%
Original Mortgage
$550,000
Interest Rate
2.96%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
May 20, 2015
Sold by
Taurus Capital Llc
Bought by
Leontarakis George K and Leontarakis Maria
Purchase Details
Closed on
Mar 24, 2015
Sold by
Cavins John H and Cavins Wanda J
Bought by
Taurus Capital Llc
Purchase Details
Closed on
Sep 15, 1998
Sold by
Cohen Margaret R
Bought by
Cavins John H and Cavins Wanda J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.95%
Similar Homes in Sarasota, FL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Leicht Stephen | $1,700,000 | None Listed On Document | |
| Inspired Waters Llc | $1,200,000 | Attorney | |
| Leontarakis George K | $805,000 | Dependable Title Svcs Fl Inc | |
| Taurus Capital Llc | $205,301 | None Available | |
| Cavins John H | $67,500 | -- | |
| Cavins John H | $67,500 | -- | |
| Cavins John H | $135,000 | -- | |
| Cavins John H | $180,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Leicht Stephen | $1,190,000 | |
| Previous Owner | Inspired Waters Llc | $550,000 | |
| Previous Owner | Cavins John H | $877,500 | |
| Previous Owner | Cavins John H | $293,700 | |
| Previous Owner | Cavins John H | $300,000 | |
| Previous Owner | Cavins John H | $350,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/22/2024 03/22/24 | Sold | $1,700,000 | 0.0% | $1,073 / Sq Ft |
| 02/18/2024 02/18/24 | Pending | -- | -- | -- |
| 02/10/2024 02/10/24 | For Sale | $1,700,000 | +41.7% | $1,073 / Sq Ft |
| 07/26/2021 07/26/21 | Sold | $1,200,000 | -5.1% | $758 / Sq Ft |
| 06/11/2021 06/11/21 | Pending | -- | -- | -- |
| 05/27/2021 05/27/21 | For Sale | $1,265,000 | -- | $799 / Sq Ft |
Source: Stellar MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $14,740 | $1,214,400 | -- | $1,214,400 |
| 2023 | $14,740 | $1,272,800 | $0 | $1,272,800 |
| 2022 | $12,993 | $1,071,300 | $0 | $1,071,300 |
| 2021 | $9,340 | $731,900 | $0 | $731,900 |
| 2020 | $8,923 | $683,200 | $0 | $683,200 |
| 2019 | $10,141 | $786,400 | $0 | $786,400 |
| 2018 | $10,049 | $778,900 | $0 | $778,900 |
| 2017 | $10,223 | $779,000 | $0 | $779,000 |
| 2016 | $11,574 | $868,000 | $0 | $868,000 |
| 2015 | $5,698 | $814,900 | $0 | $814,900 |
| 2014 | -- | $427,442 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Brandon Surline
Seller's Agent in 2024
Brandon Surline
WILLIAM RAVEIS REAL ESTATE
(941) 404-9334
7 in this area
31 Total Sales
-
Camille Surline
C
Seller Co-Listing Agent in 2024
Camille Surline
WILLIAM RAVEIS REAL ESTATE
(941) 914-2671
1 in this area
12 Total Sales
-
A
Seller's Agent in 2021
Alberto Orta
-
Kathleen Comerford
Seller Co-Listing Agent in 2021
Kathleen Comerford
EXP REALTY LLC
(941) 586-3229
4 in this area
136 Total Sales
About Gulf and Bay Club
Map
Source: Stellar MLS
MLS Number: A4599184
APN: 0105-04-6134
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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