NOT LISTED FOR SALE

Gulf and Bay Club 5740 Midnight Pass Rd Unit 505 Sarasota, FL 34242

Estimated Value: $1,358,000 - $1,553,000

2 Beds
2 Baths
1,584 Sq Ft
$923/mo HOA Fee

Last Sold September 18, 2019

Last sale price $990,000 $625 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $9,749/month

336 Days on Market

Highlights

  • 780 Feet of Waterfront
  • Water access To Gulf or Ocean
  • Heated In Ground Pool
  • Phillippi Shores Elementary School Rated A
  • Fitness Center
  • Sauna

About This Home

As of September 2019

JUST IMAGINE OPENING YOUR FRONT DOOR AND EXPERIENCING A VIEW THAT WILL TAKE YOUR BREATH AWAY! This fully furnished condo on the top floor of the Gulf and Bay Club is just part of what is waiting for you. Whether it is a morning walk to take in the captivating sunrise or a nightime stroll to watch the glorious sunsets on the World Renowned Siesta Key Beach, this community is known for the luxuries of resort style living. Features include granite countertops in the kitchen and baths, built-ins in the master bedroom and master closet, 2 Murphy beds in the second bedroom, whirlpool tub in the 2nd bath and laundry room. Lanai has been enclosed and air-conditioned/heated so you can enjoy the view year round regardless of the weather! This 30 plus acres of an island paradise includes a state of the art fitness center with a spa, dry saunas, hot tub, yoga room, 2 clubhouses with a library, computer room and pool table, 3 heated pools, 8 lighted tennis courts, indoor basketball and racquetball, shuffleboard, 2 freshwater lakes and multiple BBQ and picnic areas. Just a short walk and you are in the colorful and entertaining Siesta Key Village with it's quaint specialty shops, live music and excellent restaurants. This truly is a grand lifestyle and great rental unit for all investors!

Last Agent to Sell the Property

Steve Forbes

EXIT KING REALTY License #3149671 Listed on: 10/03/2018

EXIT KING REALTY

Last Buyer's Agent

Constantine Stratos

COLDWELL BANKER REALTY License #3205787

COLDWELL BANKER REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,049

Year Built

  • Built in 1986

Lot Details

  • Property fronts a private road
  • Mature Landscaping
  • Landscaped with Trees

HOA Fees

  • $923 Monthly HOA Fees

Home Design

  • Turnkey
  • Slab Foundation
  • Membrane Roofing
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,584 Sq Ft Home
  • Built-In Features
  • Ceiling Fan
  • Shades
  • Shutters
  • Combination Dining and Living Room
  • Sauna

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Wine Refrigerator
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 1 Carport Space
  • Guest Parking
  • Assigned Parking

Eco-Friendly Details

  • Reclaimed Water Irrigation System

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa

Outdoor Features

  • Water access To Gulf or Ocean
  • Enclosed Patio or Porch
  • Outdoor Grill

Schools

  • Phillippi Shores Elementary School
  • Brookside Middle School
  • Sarasota High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, community pool, escrow reserves fund, fidelity bond, insurance, maintenance structure, ground maintenance, maintenance repairs, manager, pest control, private road, recreational facilities, security, sewer, trash, water
  • Mid-Rise Condominium
  • Gulf & Bay Club Community
  • Gulf & Bay Club Ph 6 Subdivision
  • Association Owns Recreation Facilities
  • The community has rules related to deed restrictions, no truck, recreational vehicles, or motorcycle parking
  • Rental Restrictions
  • 5-Story Property

Recreation

  • Racquetball

Pet Policy

  • No Pets Allowed

Additional Features

  • Gated Community
  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,049

Year Built

Built in 1986

Lot Details

0

HOA Fees

$923 per month

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Escrow Reserves Fund, Fidelity Bond, Insurance, Maintenance Structure, Maintenance Grounds, Maintenance Repairs, Manager, Pest Control, Private Road, Recreational Facilities, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1584
  • New Construction: No
  • Year Built: 1986
  • Building Area Total: 1584
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=N6102195&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=N6102195&cview=true&show_results=true&customer_portal=true
  • Floor Number: 5
  • Homestead Y N: No
  • Unit Number Y N: No
  • Property Description: Mid Rise
  • Ratio: Close Price\List Price: 0.82507
  • Price per Sq Ft: 625
  • Close to Original List Price Ratio: 0.77647
  • Ratio: Current Price\Building Area Total: 625
  • View: Yes
  • Ownership: Condominium
  • ResoBuildingAreaSource: Owner
  • Tax Year: 2018
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile
  • Full Bathrooms: 2
  • Interior Amenities: Built in Features, Ceiling Fans(s), Elevator, Living Room/Dining Room Combo, Solid Wood Cabinets, Stone Counters, Walk-In Closet(s)
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Washer, Wine Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Spa Features: Heated, In Ground
  • Spa Yn: Yes
  • Stories: 5
  • Window Features: Shades, Shutters
  • Room Count: 4
  • ResoLivingAreaSource: Owner

Exterior Features

  • Pool Features: Heated, In Ground
  • Exterior Features: Irrigation System, Outdoor Grill, Sauna, Tennis Court(s)
  • Roof: Membrane
  • Pool Private: No
  • Road Frontage Type: Private Road
  • View: Water
  • Water Body Name: Gulf Of Mexico
  • Waterfront: Yes
  • Patio and Porch Features: Enclosed
  • Road Surface Type: Paved
  • Water View: Gulf/Ocean - Full
  • Water Access: Gulf/Ocean
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Flood Zone Panel: 12115C0143F
  • Waterfront Frontage: 780
  • Water Frontage Feet Gulf Ocean: 780

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: Yes
  • Garage Yn: No
  • Parking Features: Assigned, Covered, Guest
  • Covered Parking Spaces: 1
  • Open Parking: No

Utilities

  • Utilities: Cable Available, Electricity Connected, Public, Street Lights
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Deed Restrictions, Fitness, Gated Community, Irrigation-Reclaimed Water, No Truck/RV/Motorcycle Parking, Pool, Racquetball, Tennis Courts, Water Access, Waterfront
  • Association: No
  • Senior Community: No
  • Condo Fees: 2770
  • Condo Fees Term: Quarterly
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 923
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 11080
  • Total Monthly Fees: 923.33

Schools

  • Elementary School: Phillippi Shores Elementary
  • High School: Sarasota High
  • Middle Or Junior School: Brookside Middle

Lot Info

  • Zoning: RMF3
  • Parcel Number: 0105046137
  • Additional Parcels: No
  • Lot Features: In County
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-11-04
  • Zoning Compatible Y N: Yes
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Turnkey
  • Pets Allowed: No
  • Minimum Lease: 1 Month
  • Approval Process: $100 APPLICATION FEE. SEE CONDO DOCS
  • Num Timesper Year: 12
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: SEE CONDO DOCS

Tax Info

  • Tax Annual Amount: 10049
  • Tax Block: F
  • Tax Book Number: 1326-768
  • Tax Lot: 505

Multi Family

  • Waterfront Features: Gulf/Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2018
Closed on
Sep 18, 2019
Sold by
Miserendino Samuel R and Beverly A Miserendino Living T
Bought by
Assadinia Jamshid and Assadinia Patricia
Seller's Agent
Steve Forbes
EXIT KING REALTY
Buyer's Agent
Constantine Stratos
COLDWELL BANKER REALTY
List Price
$1,275,000
Sold Price
$990,000
Premium/Discount to List
-$285,000
-22.35%
Current Estimated Value
$1,442,919

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$452,919
Avg. Annual Appreciation
6.24%

Purchase Details

Closed on
Dec 6, 2015
Sold by
Miserendino Beverly A
Bought by
Miserendino Beverly A

Purchase Details

Closed on
Nov 1, 2006
Sold by
Heim Kenneth N and Heim Bonnie J
Bought by
Miserendino Beverly A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 16, 1998
Sold by
Ferracciolo Victor H and Ferracciolo Darlene G
Bought by
Heim Kenneth N and Heim Bonnie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
7.07%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Assadinia Jamshid $990,000 Attorney
Miserendino Beverly A -- Attorney
Miserendino Beverly A $2,000,000 Attorney
Heim Kenneth N $450,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Miserendino Beverly A $500,000
Previous Owner Heim Kenneth N $225,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/18/2019 09/18/19 Sold $990,000 -17.5% $625 / Sq Ft
09/03/2019 09/03/19 Pending -- -- --
07/05/2019 07/05/19 Price Changed $1,199,900 -5.9% $758 / Sq Ft
07/03/2019 07/03/19 For Sale $1,275,000 +28.8% $805 / Sq Ft
07/03/2019 07/03/19 Off Market $990,000 -- --
04/02/2019 04/02/19 For Sale $1,275,000 +28.8% $805 / Sq Ft
12/19/2018 12/19/18 Off Market $990,000 -- --
10/02/2018 10/02/18 For Sale $1,275,000 -- $805 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

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
2025 $14,931 $1,169,500 -- $1,169,500
2024 $13,772 $1,188,841 -- --
2023 $13,772 $1,257,900 $0 $1,257,900
2022 $12,085 $1,054,100 $0 $1,054,100
2021 $10,652 $839,700 $0 $839,700
2020 $10,193 $785,200 $0 $785,200
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 $12,226 $918,500 $0 $918,500
2015 $11,804 $862,300 $0 $862,300
2014 $11,419 $760,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2019

    Steve Forbes

    EXIT KING REALTY

    (941) 204-7402

    18 Total Sales

    Steve Forbes
    Section Image
  • Constantine Stratos

    Buyer's Agent in 2019

    Constantine Stratos

    COLDWELL BANKER REALTY

    (941) 232-5251

    10 in this area

    21 Total Sales

    Constantine Stratos
    Section Image
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About Gulf and Bay Club

Map

Source: Stellar MLS

MLS Number: N6102195

Stellar MLS

APN: 0105-04-6137

Florida Sarasota County Sarasota 34242

5740 Midnight Pass Rd Unit 505, Sarasota, FL

Not Listed for Sale

Condos

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