$799,000
SOLD JAN 2, 2013
Last list price

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

2 Beds
2 Baths
1,340 Sq Ft
$635/mo HOA Fee

Recently Sold

245 Days on Market

Highlights

  • Beach Front
  • Water access To Gulf or Ocean
  • Heated Indoor Pool
  • Phillippi Shores Elementary School Rated A
  • Fitness Center
  • Gated Community

About This Home

As of August 2019

Fabulous Full Gulf Views of the Nations Renouned #1 Siesta Beach from this recently updated Penthouse level condominium. New kitchen cabinets, Stainless appliances and granite counter tops. Also includes extras like a granite wet bar. A decorators dream with the latest in Tommy Bahama Decor! Kick back, relax and enjoy every sunset! Live the good life and let your worries pass you by. Sold TKF and the work complete. Great financing available. Easy to show. See the best that Gulf and Bay Club has to offer. High demand rental unit and great cash flow for G&B Club. Call now!

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,267

Year Built

  • Built in 1986

Lot Details

  • Mature Landscaping
  • Irrigation
  • Landscaped with Trees

HOA Fees

  • $635 Monthly HOA Fees

Property Views

Home Design

  • Slab Foundation
  • Stem Wall Foundation
  • Membrane Roofing

Interior Spaces

  • 1,340 Sq Ft Home
  • Furnished
  • Window Treatments
  • Sliding Doors
  • Inside Utility
  • Attic Ventilator

Kitchen

  • Range with Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Parking

  • 1 Carport Space
  • Assigned Parking

Accessible Home Design

  • Customized Wheelchair Accessible
  • Enhanced Accessible Features

Pool

  • Heated Indoor Pool
  • Spa
  • Outdoor Shower
  • Child Gate Fence

Outdoor Features

  • Water access To Gulf or Ocean
  • Deeded access to the beach
  • Private Lake Dues Required
  • Balcony
  • Outdoor Grill
  • Rain Gutters

Location

  • Flood Zone Lot

Schools

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

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 507 / F
  • Assessor Parcel Number 0105046139

Community Details

Overview

  • Association fees include pool, escrow reserves fund, fidelity bond, insurance, maintenance structure, ground maintenance, maintenance, management, pest control, recreational facilities, security, sewer, trash, water
  • 392 Units
  • Gulf & Bay Condo Association, Inc Association
  • Gulf & Bay Club Condos
  • Gulf & Bay Club Community
  • Gulf & Bay Club Ph 6 Subdivision
  • On-Site Maintenance
  • Association Owns Recreation Facilities
  • The community has rules related to deed restrictions, fencing, no truck, recreational vehicles, or motorcycle parking
  • Handicap Modified Features In Community
  • 5-Story Property

Amenities

  • Laundry Facilities
  • Elevator

Recreation

  • Racquetball
  • Recreation Facilities
  • Shuffleboard Court
  • Community Spa
  • Park

Pet Policy

  • No Pets Allowed

Security

  • Security Service
  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,267

Year Built

Built in 1986

Lot Details

0

HOA Fees

$635 per month

Listing Details

  • HOA Fee Includes: Pool, Escrow Reserves Fund, Fidelity Bond, Insurance, Maintenance Structure, Maintenance Grounds, Maintenance, Management, Pest Control, Recreational Facilities, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Construction Materials: Other
  • Fireplace: No
  • Living Area: 1340
  • New Construction: No
  • Year Built: 1986
  • Accessibility Features: Customized Wheelchair Accessible, Enhanced Accessible
  • Building Area Total: 1466
  • Directions to Property: Siesta Key to 5730 Midnight Pass Rd go West into Gulf and Bay Club.Office is on the right at the entrance. At stop sign turn right 5740 Midnight Pass Rd Bldg F. Office is on the right at the entrance.
  • Status: Leased
  • Street Direction: W
  • Street Post Direction: E
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Floor Number: 5
  • List Office Head Office Key Nume: 1046652
  • Minimum Lease: 1 Month
  • RATIO Current Price By Calculate: 596.27
  • Total Acreage: 20 to less than 50
  • Water Access YN: 1
  • Condo Fees Term: Quarterly
  • Planned Unit Development Yn: 0
  • MFR_CommunityAssociationWaterFeatures: Water Access
  • Tax Year: 2011
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Attic Ventilator, Solid Surface Counters, Solid Wood Cabinets, Stone Counters, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Microwave Hood, Range, Range Hood, Refrigerator, Washer
  • Foundation Details: Slab, Stem Wall
  • Total Bedrooms: 2
  • Levels: Three Or More
  • Spa Yn: Yes
  • Stories: 5
  • Window Features: Window Treatments
  • Street Number Modifier: 5740
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Inside Utility
  • Living Area Meters: 124.49
  • Room Count: 5

Exterior Features

  • Pool Features: Child Safety Fence, Heated, Indoor
  • Exterior Features: Balcony, Irrigation System, Outdoor Grill, Outdoor Shower, Rain Gutters, Sliding Doors
  • Roof: Membrane, Other
  • Home Warranty: No
  • Pool Private: No
  • View: Water
  • Waterfront: Yes
  • Water Access: Beach,Beach - Access Deeded,Gulf/Ocean
  • Water Extras: Private Lake Dues Required
  • Water Extras YN: 1
  • Water View: Beach,Gulf/Ocean - Full,Gulf/Ocean - Partial
  • Water View YN: 1

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: Yes
  • Parking Features: Assigned

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Connected, Fire Hydrant, Public, Street Lights, Underground Utilities
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Deed Restrictions, Fitness Center, Gated, Handicap Modified, No Truck/RV/Motorcycle Parking, Park, Pool, Racquetball, Tennis Courts
  • Association Amenities: Elevator(s), Fence Restrictions, Fitness Center, Gated, Handicap Modified, Laundry, Maintenance, Park, Racquetball, Recreation Facilities, Security, Shuffleboard Court, Spa/Hot Tub, Tennis Court(s)
  • Association Fee Frequency: Quarterly
  • Association Name: Gulf & Bay Condo Association, Inc
  • Association: Yes
  • Security: Gated Community, Smoke Detector(s)
  • Complex Community Name Nccb: GULF & BAY CLUB
  • Association Fee Requirement: Required
  • Building Name Number: GULF & BAY CLUB, BLDG F
  • Condo Fees: 1905

Fee Information

  • Total Annual Fees: 7620.00
  • Total Monthly Fees: 635.00

Schools

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

Lot Info

  • Zoning: RMF3
  • Parcel Number: 0105046139
  • Additional Parcels: No
  • Lot Features: CoastalConstruction Control Line, FloodZone
  • Homestead YN: 0
  • Future Land Use: 0404

Rental Info

  • Furnished: Furnished
  • Pets Allowed: No

Multi Family

  • Number Of Units Total: 392
  • Waterfront Features: Beach Front, Gulf/Ocean, Gulf/Ocean to Bay

Tax Info

  • Tax Annual Amount: 7267
  • Tax Block: F
  • Tax Book Number: 0025/0035
  • 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
$1,156,561

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
6.63%

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 Type Sale Price Title Company
Warranty Deed $100 None Listed On Document
Quit Claim Deed -- Attorney
Interfamily Deed Transfer -- Attorney
Warranty Deed $860,000 --
Warranty Deed $640,000 --
Warranty Deed $495,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $688,000 New Conventional
Previous Owner $200,000 Purchase Money Mortgage
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

    177 Total Sales

    Section Image
  • Diane Calderaro

    Buyer's Agent in 2019

    Diane Calderaro

    FINE PROPERTIES

    (941) 999-1179

    47 Total Sales

    Section Image
See All Agents

About Gulf and Bay Club

Map

Source: Stellar MLS

MLS Number: A3959760

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 and is currently estimated at $799,000, approximately $596 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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