Gulf and Bay Club 5740 Midnight Pass Rd Unit 502 Sarasota, FL 34242
2
Beds
2
Baths
1,584
Sq Ft
$955/mo
HOA Fee
Highlights
- 800 Feet of Waterfront
- Water access To Gulf or Ocean
- Penthouse
- Phillippi Shores Elementary School Rated A
- Fitness Center
- Heated In Ground Pool
About This Home
As of March 2024A Siesta Key penthouse with unbeatable, unobstructed, breathtaking views of the famous white powder sand and the azure blue waters of the Gulf of Mexico. Situated on the top floor of Building F with direct Gulf frontage, this unit is located within the desirable complex of Gulf & Bay where first class resort-like amenities await you. You can smell the fresh, salty air, admire pelicans flying by at eye level and watch dolphins from the comfort of your beautiful island paradise home. Enjoy a bright and colorful July 4th fireworks display right in your backyard! This beautifully decorated condo offers an optimal layout with an open living plan and a spacious guest bedroom and bathroom comfortably accommodating 2 queen beds and a large master suite with spectacular views, a large walk-in closet and a master bath with dual sinks and walk-in shower. A sparkling white kitchen with new appliances and tons of storage features decorative hand painted ceramic tiles setting the stage for great entertaining. A small private alcove off the kitchen is perfect for a desk area or casual dining. The dining and living areas offer a relaxed open setting to take in the stunning views of the Gulf. Don't miss the enormous walk-in storage room that also accommodates side by side wash and dryer. If location and views were not enough, this resort style gated community offers 3 heated swimming pools, racquetball, basketball, pickleball and tennis courts. A fitness center with a spa and dry sauna, several barbecue areas, and two clubhouses w/ library, computer room & pool table complete the long list of amenities. A rare find in every way! Call today for your private tour.
Last Agent to Sell the Property
Alberto Orta
License #3490672 Listed on: 05/29/2021
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $8,923
Year Built
- Built in 1986
Lot Details
- East Facing Home
HOA Fees
- $955 Monthly HOA Fees
Home Design
- Penthouse
- Built-Up Roof
- Block Exterior
- Pile Dwellings
Interior Spaces
- 1,584 Sq Ft Home
- Furnished
- Ceiling Fan
- Sliding Doors
- Great Room
- Family Room
- Combination Dining and Living Room
- Inside Utility
Kitchen
- Eat-In Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Carpet
- Porcelain Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- Primary Bedroom on Main
- Split Bedroom Floorplan
- Walk-In Closet
- 2 Full Bathrooms
Laundry
- Laundry in unit
- Dryer
- Washer
Home Security
Parking
- 1 Carport Space
- Assigned Parking
Pool
- Heated In Ground Pool
- Heated Spa
- Gunite Pool
Schools
- Phillippi Shores Elementary School
- Brookside Middle School
- Sarasota High School
Utilities
- Central Heating and Cooling System
- Cable TV Available
Additional Features
- Water access To Gulf or Ocean
- 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, community pool, escrow reserves fund, insurance, maintenance structure, ground maintenance, maintenance repairs, manager, pool maintenance, recreational facilities, trash
- Gulf & Bay/Susan Sherwood Association, Phone Number (941) 349-3000
- Visit Association Website
- Gulf & Bay Club Community
- Gulf & Bay Club Subdivision
- Association Owns Recreation Facilities
- Rental Restrictions
- 5-Story Property
Recreation
- Racquetball
- Community Spa
Pet Policy
- No Pets Allowed
Security
- Security Service
- Gated Community
- Fire and Smoke Detector
- Fire Sprinkler System
Amenities
- Elevator
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
-$204,140
Avg. Annual Appreciation
-6.64%
Original Mortgage
$1,190,000
Outstanding Balance
$1,176,056
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$372,362
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
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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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,700,000 | None Listed On Document | |
| Warranty Deed | $1,200,000 | Attorney | |
| Special Warranty Deed | $805,000 | Dependable Title Svcs Fl Inc | |
| Trustee Deed | $205,301 | None Available | |
| Warranty Deed | $67,500 | -- | |
| Warranty Deed | $67,500 | -- | |
| Warranty Deed | $135,000 | -- | |
| Warranty Deed | $180,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,190,000 | New Conventional | |
| Previous Owner | $550,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $877,500 | Unknown | |
| Previous Owner | $293,700 | New Conventional | |
| Previous Owner | $300,000 | Credit Line Revolving | |
| Previous Owner | $350,000 | No Value Available |
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
-
Seller's Agent in 2024
Brandon Surline
WILLIAM RAVEIS REAL ESTATE
(941) 404-9334
7 in this area
34 Total Sales
-
C
Seller Co-Listing Agent in 2024
Camille Surline
WILLIAM RAVEIS REAL ESTATE
(941) 914-2671
1 in this area
13 Total Sales
-
A
Seller's Agent in 2021
Alberto Orta
-
Seller Co-Listing Agent in 2021
Kathleen Comerford
EXP REALTY LLC
(941) 586-3229
4 in this area
134 Total Sales
About Gulf and Bay Club
Map
Source: Stellar MLS
MLS Number: A4502321
APN: 0105-04-6134
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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