NOT LISTED FOR SALE

Gulf and Bay Club 5740 Midnight Pass Rd Unit 507 Sarasota, FL 34242

Estimated Value: $1,034,000 - $1,328,000

2 Beds
2 Baths
1,340 Sq Ft
$923/mo HOA Fee

Last Sold August 16, 2019

Last sale price $800,000 $597 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $8,185/month

2 Days on Market

Highlights

  • Waterfront Community
  • Water Views
  • Fitness Center
  • Phillippi Shores Elementary School Rated A
  • Water Access
  • Penthouse

About This Home

As of August 2019

Whatever you want to do with your day, your choices are endless living at the best that Sarasota and Siesta Key have to offer when you call Gulf & Bay Club your home. Enjoy the panoramic views of the #1 World Renowned Siesta Beach from this recently updated Penthouse level condominium located in building F, the most desirable building in the whole Club. When you walk into your new home, you will be in awe of the two large sliding doors that open up to the screened/glassed lanai perfect for relaxing and entertaining. Two bedroom/two bathroom, bright and open interiors, fully equipped updated kitchen with eat-in area, plenty of counter and cabinet space with a built-in serving bar adjoining an elegant dining area, master bedroom that opens up to the spacious and private lanai, a second bedroom which includes a full bath and two closets and of course, full access to all of the luxury resort amenities. Gulf and Bay have 8 tennis courts and 3 private pools, so you can always enjoy the vacation lifestyle! You will never want to leave your own piece of paradise just steps away from the quartz sandy beach! Come and see this unit today, you will be impressed!

Last Agent to Sell the Property

Curtis Ware

KW COASTAL LIVING III License #3275023 Listed on: 06/24/2019

KW COASTAL LIVING III

Last Buyer's Agent

Diane Calderaro

FINE PROPERTIES License #0634637

FINE PROPERTIES

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,699

Year Built

  • Built in 1986

Lot Details

  • Southeast Facing Home
  • Irrigation

HOA Fees

  • $923 Monthly HOA Fees

Property Views

Home Design

  • Penthouse
  • Traditional Architecture
  • Elevated Home
  • Patio Home
  • Slab Foundation
  • Built-Up Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,340 Sq Ft Home
  • Open Floorplan
  • Wet Bar
  • Ceiling Fan
  • Sliding Doors
  • Combination Dining and Living Room

Kitchen

  • Microwave
  • Solid Surface Countertops
  • Solid Wood Cabinet

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Carport Space
  • Reserved Parking
  • Assigned Parking

Outdoor Features

  • Water Access
  • Balcony
  • Exterior Lighting
  • Outdoor Grill

Location

  • Property is near public transit

Schools

  • Phillippi Shores Elementary School
  • Heron Creek Middle School
  • Sarasota High School

Utilities

  • Central Heating and Cooling System
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include 24-hour guard, cable TV, community pool, internet, maintenance structure, ground maintenance, maintenance repairs, pool maintenance, private road, recreational facilities, security, sewer, trash, water
  • Gulf And Bay Club Bayside Condominium Association, Phone Number (941) 346-3499
  • High-Rise Condominium
  • Gulf & Bay Club Community
  • Gulf & Bay Club Ph 6 Subdivision
  • The community has rules related to deed restrictions
  • Rental Restrictions
  • Community features wheelchair access
  • 5-Story Property

Recreation

  • Racquetball
  • Community Playground

Pet Policy

  • Pets up to 50 lbs
  • 2 Pets Allowed

Additional Features

  • Elevator
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,699

Year Built

Built in 1986

Lot Details

0

HOA Fees

$923 per month

Listing Details

  • HOA Fee Includes: 24-Hour Guard, Cable TV, Community Pool, Internet, Maintenance Structure, Maintenance Grounds, Maintenance Repairs, Pool Maintenance, Private Road, Recreational Facilities, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Architectural Style: Elevated, Patio, Traditional
  • Construction Materials: Block, Stucco
  • Fireplace: Yes
  • Living Area: 1340
  • New Construction: No
  • Year Built: 1986
  • Building Area Total: 1466
  • Directions to Property: From I-75, take Exit 37 and go west on Clark Rd. Cross over US 41 (Tamiami Trail) and continue on Stickney Point Rd. over the Drawbridge onto Siesta Key. Turn right (North) onto Midnight Pass Road, the community on left.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4439546?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4439546?w=Customer
  • Floor Number: 5
  • Homestead Y N: No
  • Number Of Pets: 2
  • Unit Number Y N: No
  • Property Description: Elevated, High Rise, Penthouse
  • Ratio: Close Price\List Price: 0.94129
  • Price per Sq Ft: 597.01
  • Close to Original List Price Ratio: 0.94129
  • Ratio: Current Price\Building Area Total: 545.7
  • View: Yes
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2018
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Walk-In Closet(s), Wet Bar
  • Appliances Included: Dryer, Microwave, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 5
  • Street Number Modifier: 5740
  • Room Count: 6
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: Southeast
  • Exterior Features: Balcony, Irrigation System, Lighting, Outdoor Grill, Sidewalk, Sliding Doors, Tennis Court(s)
  • Roof: Built-Up
  • Pool Private: No
  • View: Pool, Water
  • Waterfront: No
  • Road Surface Type: Paved
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12115C0143F
  • Disclosures: Seller Property Disclosure

Garage/Parking

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

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Phone Available
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Deed Restrictions, Fitness, Gated Community, Playground, Pool, Racquetball, Sidewalk, Tennis Courts, Water Access, Waterfront, Wheelchair Access
  • Association Fee Frequency: Quarterly
  • Association Name: Gulf and Bay Club Bayside Condominium Association
  • Phone: (941) 346-3499
  • Association: Yes
  • Senior Community: No
  • Condo Fees: 2770
  • Condo Fees Term: Quarterly
  • Association Email: 1200 Siesta Bayside Dr, Sarasota, FL 34242
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 923
  • Association Fee Requirement: Required
  • 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: Heron Creek Middle

Lot Info

  • Zoning: RMF3
  • Parcel Number: 0105046139
  • Additional Parcels: No
  • Lot Features: Near Public Transit, Sidewalk
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-11-04
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes
  • Pet Size: Small (16-35 Lbs.)
  • Max Pet Weight: 50
  • Minimum Lease: 1 Week
  • Approval Process: Must verify with HOA
  • Pet Restrictions: See Hoa Docs
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: must verify with HOA

Tax Info

  • Tax Annual Amount: 7699
  • Tax Book Number: 1326-768
  • Tax Lot: 507

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 14, 2023
Sold by
Cook Michael
Bought by
Michael Larry Cook Revocable Trust and Cook
Current Estimated Value
$1,172,985

Purchase Details

Listed on
Jun 24, 2019
Closed on
Aug 15, 2019
Sold by
Novak Kathleen K and Kathleen K Novak Revocable Tru
Bought by
Cook Michael
Seller's Agent
Curtis Ware
KW COASTAL LIVING III
Buyer's Agent
Diane Calderaro
FINE PROPERTIES
List Price
$849,900
Sold Price
$800,000
Premium/Discount to List
-$49,900
-5.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.14%

Purchase Details

Closed on
Nov 17, 2008
Sold by
Novak Gary M and Novak Kathleen J
Bought by
Novak Kathleen J and The Kathleen J Novak Revocable Trust

Purchase Details

Closed on
Apr 2, 2004
Sold by
Afnan Jalal and Afnan Maureen
Bought by
Novak Gary M and Novak Kathleen J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 17, 2000
Sold by
Riley James R
Bought by
Afnan Jalal and Afnan Maureen

Purchase Details

Closed on
Dec 10, 1999
Sold by
United Farm Bureau Famliy Life Ins Co
Bought by
Riley James R
Source: Public Records

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Range of Values:

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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
Michael Larry Cook Revocable Trust $100 None Listed On Document
Cook Michael -- Attorney
Novak Kathleen J -- Attorney
Novak Gary M $860,000 --
Afnan Jalal $640,000 --
Riley James R $495,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cook Michael $688,000
Previous Owner Novak Gary M $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2019 08/16/19 Sold $800,000 -5.9% $597 / Sq Ft
06/26/2019 06/26/19 Pending -- -- --
06/24/2019 06/24/19 For Sale $849,900 +6.4% $634 / Sq Ft
01/02/2013 01/02/13 Sold -- -- --
01/02/2013 01/02/13 Off Market $799,000 -- --
05/01/2012 05/01/12 For Sale $799,000 -- $596 / 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
2024 $8,725 $769,728 -- --
2023 $8,725 $747,309 $0 $0
2022 $8,037 $685,349 $0 $0
2021 $8,075 $665,387 $0 $0
2020 $8,123 $656,200 $0 $656,200
2019 $8,486 $657,300 $0 $657,300
2018 $7,699 $591,100 $0 $591,100
2017 $7,831 $591,200 $0 $591,200
2016 $8,277 $613,700 $0 $613,700
2015 $7,995 $576,100 $0 $576,100
2014 $7,738 $508,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Curtis Ware

    Seller's Agent in 2019

    Curtis Ware

    KW COASTAL LIVING III

    (941) 587-9122

    77 in this area

    180 Total Sales

    Curtis Ware
    Section Image
  • Diane Calderaro

    Buyer's Agent in 2019

    Diane Calderaro

    FINE PROPERTIES

    (941) 999-1179

    48 Total Sales

    Diane Calderaro
    Section Image
See All Agents

About Gulf and Bay Club

Map

Source: Stellar MLS

MLS Number: A4439546

Stellar MLS

APN: 0105-04-6139

Florida Sarasota County Sarasota 34242

5740 Midnight Pass Rd Unit 507, Sarasota, FL

This home is located at 5740 Midnight Pass Rd Unit 507, Sarasota, FL 34242 since 24 June 2019 and is currently estimated at $1,172,985, approximately $875 per square foot. This property was built in 1986. 5740 Midnight Pass Rd Unit 507 is a home located in Sarasota County with nearby schools including Phillippi Shores Elementary School, Brookside Middle School, and Sarasota High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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