NOT LISTED FOR SALE

Gulf and Bay Club 5780 Midnight Pass Rd Unit 110 Sarasota, FL 34242

Estimated Value: $1,160,000 - $1,289,000

3 Beds
2 Baths
1,361 Sq Ft
$881/Sq Ft Est. Value

Last Sold October 04, 2022

Last sale price $1,367,000 $1,004 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $9,004/month

About This Home

As of October 2022

This rarely available two-bedroom-plus-den, furnished first-floor walk-out end unit is located in Siesta Key’s most sought-after residential beachfront resort, Gulf & Bay Club. Enjoy a convenient island lifestyle in a beautiful, completely renovated condominium that lives like a single-family home with easy access to the outdoors, light and bright with windows on three sides and just 30 steps from the front door to your car. Step out your back lanai door directly to the tropically landscaped grounds offering resort pools and 800 feet of private beach on the famous white quartz sands of Siesta Beach, rated No. 1 in the U.S. This fabulously furnished condominium was gutted and thoughtfully renovated with the highest quality finishes, materials and appliances, including redesigning the structure and floor plan to ensure the optimal use of space in an open concept. This home is better than new — raised ceilings, smooth walls, new front door, frame and hardware, new steel studs and drywall and solid panel doors with polished nickel hardware throughout. The gorgeous well-planned kitchen features a breakfast bar, custom, Amish craftsman-built shaker cabinets, quartz countertops, marble backsplash, new Bosch appliances, panel dishwasher, ovens, induction cooktop and stainless steel vent hood. An additional bank of cabinets was created for entertaining, featuring dual beverage refrigeration drawers and storage. The dining and living rooms flow easily to the lanai, which overlooks the lush gardens and lagoon, where you’ll savor colorful sunsets each evening. The master bedroom retreat features a fully outfitted walk-in closet, power shade and a redesigned luxurious bath featuring a custom barn door, custom cabinetry, quartz countertops and expanded shower with designer tile work. The split bedroom plan allows privacy for guests. Bahama shutters, LVP flooring and Pottery Barn and Haverty’s furnishings throughout. Other upgrades include new fixtures, Moen faucets, ceiling fans, electric switches, and outlets with USB port, low voltage LED lighting, new wiring, upgraded panel box and breakers, quick recovery water heater, air handler, ductwork and fire suppression system. Plus, a full-size LG Laundry tower in utility room. The Gulf & Bay Club, nestled on 32 acres in the heart of Siesta Key with 800 feet of beautiful white quartz sand beaches, is located on world-famous Siesta Beach and is one of the premier beachfront properties on Siesta Key. Amenities include three heated pools (including lap pool), freshwater lagoon with tropically landscaped grounds and promenade, eight tennis courts, racquetball, basketball, seasonally organized golf and tennis, pickleball, large fitness facility, clubhouses with kitchen facilities and library, electric car charging stations, 24-hour guard gate and security and on-site management — a premium complex that is in high demand throughout the year. Discover nearby Siesta Village’s island hospitality, unique shops and restaurants. Just 15 minutes to downtown Sarasota’s urban and cultural amenities.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2022
Closed on
Oct 3, 2022
Sold by
James R Riley And Lisa C Riley Family Tr
Bought by
Meloch Karin
Seller's Agent
Judie Berger
PREMIER SOTHEBY'S INTERNATIONAL REALTY
Buyer's Agent
Guy Nelson
COLDWELL BANKER REALTY
List Price
$1,550,000
Sold Price
$1,367,000
Premium/Discount to List
-$183,000
-11.81%
Current Estimated Value
$1,198,958

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$168,042
Avg. Annual Appreciation
-4.21%

Purchase Details

Listed on
Jan 14, 2021
Closed on
Mar 3, 2021
Sold by
Pardo Suzanne M and Molnar Trust
Bought by
Riley James R and Riley Lisa C
Seller's Agent
Rodney Miles
PRIVATE WEALTH REALTY INC
Buyer's Agent
Judie Berger
PREMIER SOTHEBY'S INTERNATIONAL REALTY
List Price
$624,900
Sold Price
$625,000
Premium/Discount to List
$100
0.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
63.59%
Original Mortgage
$468,750
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 6, 2016
Sold by
Molnar Paul and Molnar Priscilla
Bought by
Molnar Paul and Molnar Priscilla

Purchase Details

Closed on
Jul 1, 2016
Bought by
Molnar Trust

Purchase Details

Closed on
Jul 17, 2002
Sold by
Molnar Paul
Bought by
Molnar Apul

Purchase Details

Closed on
Feb 26, 2002
Sold by
Molnar Priscilla
Bought by
Molnar Paul

Purchase Details

Closed on
May 7, 1994
Sold by
White Richard L and White Judy L
Bought by
Molmar Priscilla
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Meloch Karin $1,367,000 --
Riley James R $625,000 Attorney
Molnar Paul -- None Available
Molnar Trust $100 --
Molnar Apul -- --
Molnar Paul -- --
Molmar Priscilla $288,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Riley James R $468,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2022 10/04/22 Sold $1,367,000 +1.3% $1,004 / Sq Ft
09/17/2022 09/17/22 Pending -- -- --
07/01/2022 07/01/22 Price Changed $1,350,000 -10.0% $992 / Sq Ft
06/04/2022 06/04/22 Price Changed $1,500,000 -3.2% $1,102 / Sq Ft
05/05/2022 05/05/22 For Sale $1,550,000 +148.0% $1,139 / Sq Ft
03/03/2021 03/03/21 Sold $625,000 0.0% $459 / Sq Ft
02/01/2021 02/01/21 Off Market $625,000 -- --
01/31/2021 01/31/21 Pending -- -- --
01/14/2021 01/14/21 For Sale $624,900 -- $459 / Sq Ft

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 $11,890 $978,100 -- $978,100
2023 $11,890 $984,500 $0 $984,500
2022 $8,340 $674,400 $0 $674,400
2021 $6,488 $498,600 $0 $498,600
2020 $5,451 $441,900 $0 $441,900
2019 $5,800 $473,500 $0 $473,500
2018 $5,717 $467,600 $0 $0
2017 $5,693 $457,982 $0 $0
2016 $5,686 $529,400 $0 $529,400
2015 $5,793 $497,100 $0 $497,100
2014 $5,772 $435,378 $0 $0
Source: Public Records

Agents Affiliated with this Home

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