NOT LISTED FOR SALE

5962 Midnight Pass Rd Unit 132 Sarasota, FL 34242

Estimated Value: $596,258

1 Bed
1.5 Baths
872 Sq Ft
$733/mo HOA Fee

Last Sold December 20, 2022

Last sale price $637,000 $731 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $4,533/month

151 Days on Market

Highlights

  • 280 Feet of Waterfront
  • Boat Dock
  • Private Beach
  • Phillippi Shores Elementary School Rated A
  • Water access To Gulf or Ocean
  • Fitness Center

About This Home

As of December 2022

Enjoy your stay, and you know others will too! Outstanding opportunity to own one of most sought-after Gulf-side condominiums at The Palm Bay Club on Siesta Key with a large owner’s retreat and a roomy living room with a pull-out sofa for guests, complete with one-and-a-half baths just moments from the white, sugar sandy beach on the Gulf of Mexico! Excellent rental income potential, and high-quality finishes. Bring only your toothbrush and clothing and start enjoying it right away. The Palm Bay Club offers two heated swimming pools, a large customer hot tub overlooking the serene Sarasota Bay, fitness center, lighted tennis courts with pickleball, docks that can accommodate up to a 21-foot vessel for rent by the day, barbecue grills, a fishing pier, complimentary Wi-Fi, newer washers and dryers. Check attachments for rental history and future bookings. This one has been a consistent income producer and a wonderful getaway for the current owners over the last 13 years. Come. Enjoy. Relax. Savor. Rejuvenate. Refresh.

Last Agent to Sell the Property

Roberta Tengerdy, PA

PREMIER SOTHEBY'S INTERNATIONAL REALTY License #3110050 Listed on: 05/31/2022

PREMIER SOTHEBY'S INTERNATIONAL REALTY

Last Buyer's Agent

Rachel Finney

BRIGHT REALTY License #3387363

BRIGHT REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,885

Year Built

  • Built in 1975

Lot Details

  • 280 Feet of Waterfront
  • Private Beach
  • South Facing Home
  • Landscaped with Trees

HOA Fees

  • $733 Monthly HOA Fees

Home Design

  • Condo Hotel
  • Florida Architecture
  • Slab Foundation
  • Block Exterior
  • Stucco

Interior Spaces

  • 872 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Furnished
  • Window Treatments
  • Sliding Doors
  • Tile Flooring
  • Security Gate

Kitchen

  • Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Solid Surface Countertops

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet

Pool

  • Heated Spa
  • In Ground Spa
  • Heated Pool

Outdoor Features

  • Water access To Gulf or Ocean
  • Fishing Pier
  • Property is near a marina
  • Dock made with wood
  • Enclosed Patio or Porch
  • Exterior Lighting
  • Outdoor Storage
  • Outdoor Grill

Location

  • Property is near public transit
  • Property is near a golf course

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

  • Tax Block 18E
  • Assessor Parcel Number 0105136212

Community Details

Overview

  • Association fees include cable TV, common area taxes, community pool, escrow reserves fund, fidelity bond, internet, maintenance structure, ground maintenance, manager, pest control, pool maintenance, recreational facilities, security, sewer, trash, water
  • Palm Bay Club/Sue Pinnetti Association, Phone Number (941) 349-1911
  • Visit Association Website
  • Palm Bay Club Community
  • Palm Bay Club Iii Subdivision
  • Rental Restrictions

Amenities

  • Laundry Facilities
  • Elevator
  • Community Storage Space

Recreation

  • Boat Dock
  • Community Boat Slip
  • Tennis Courts
  • Pickleball Courts
  • Recreation Facilities
  • Fitness Center
  • Community Pool
  • Community Spa
  • Fishing

Pet Policy

  • No Pets Allowed

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,885

Year Built

Built in 1975

Lot Details

0

HOA Fees

$733 per month

Listing Details

  • HOA Fee Includes: Cable TV, Common Area Taxes, Community Pool, Escrow Reserves Fund, Fidelity Bond, Internet, Maintenance Structure, Maintenance Grounds, Manager, Pest Control, Pool Maintenance, Recreational Facilities, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condo - Hotel
  • Architectural Style: Florida
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 872
  • New Construction: No
  • Year Built: 1975
  • Building Area Total: 956
  • Number Of Lots: 1
  • Directions to Property: North on Midnight Pass from Stickney Pt to 5962 MPR Palm Bay Club, Gulf Side, Pick key up at office. Building 5962 on Right. Unit 132 is Top floor near elevator
  • Status: Sold
  • Floor Number: 3
  • Homestead Y N: No
  • Total Acreage: Non-Applicable
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Call Center Phone Number: 8559522989
  • Ratio: Close Price\List Price: 0.98
  • Price per Sq Ft: 730.5
  • Close to Original List Price Ratio: 0.85047
  • Ratio: Current Price\Building Area Total: 666.32
  • View: No
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Tile
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Interior Amenities: Open Floorplan, Solid Surface Counters, Walk-In Closet(s)
  • Appliances Included: Dishwasher, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 1
  • Levels: One
  • Spa Features: Heated, In Ground
  • Spa Yn: Yes
  • Stories: 3
  • Window Features: Window Treatments
  • Street Number Modifier: 5962
  • Room Count: 4
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: South
  • Other Structures: Tennis Court(s)
  • Pool Features: Heated
  • Exterior Features: Lighting, Outdoor Grill, Sliding Doors, Storage, Tennis Court(s)
  • Roof: Other
  • Pool Private: Yes
  • Water Body Name: Gulf Of Mexico
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Enclosed, Rear Porch, Screened
  • Road Surface Type: Paved
  • Water Access: Beach - Private, Gulf/Ocean, Gulf/Ocean to Bay
  • Water Extras: Dock - Wood, Fishing Pier
  • Water View Y N: No
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Waterfront Frontage: 280
  • Additional Water Information: Boat docks are available for rent at $25/day. Can only accommodate boats that are up to 21' long.
  • Water Frontage Feet Beach Prvt: 280
  • Disclosures: Lead Paint, Seller Property Disclosure

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No

Utilities

  • Utilities: Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Fishing, Fitness, Gated Community, Pool, Sidewalk, Tennis Courts, Water Access, Waterfront
  • Association Amenities: Boat Slip, Cable TV, Boat Dock, Elevator(s), Fitness Center, Gated, Laundry, Pickleball Court(s), Pool, Recreation Facilities, Spa/Hot Tub, Storage, Tennis Court(s)
  • Association Fee Frequency: Quarterly
  • Association Name: Palm Bay Club/Sue Pinnetti
  • Phone: 941.349.1911
  • Association: Yes
  • Security: Gated Community, Security Gate
  • Senior Community: No
  • Condo Fees: 2198
  • Condo Fees Term: Quarterly
  • Association Website: palmbayclub.com
  • Association Email: accountin@palmbayclub.com
  • Monthly Condo Fee Amount: 733
  • Association Fee Requirement: None
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 8792
  • Total Monthly Fees: 732.67

Schools

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

Lot Info

  • Zoning: RMF3
  • Parcel Number: 0105136212
  • Additional Parcels: No
  • Lot Features: Near Golf Course, Near Marina, Near Public Transit
  • Lot Dimensions: 0
  • Property Attached Yn: Yes
  • Flood Zone Code: AE
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Furnished
  • Pets Allowed: No
  • Minimum Lease: 1-7 Days
  • Approval Process: Check with condo association. Documents avilable.
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Check with condo association. Documents available.

Tax Info

  • Tax Annual Amount: 4885.49
  • Tax Block: 18E
  • Tax Book Number: 5-3
  • Tax Lot: 0

Multi Family

  • Waterfront Features: Beach - Private

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2022
Closed on
Dec 15, 2022
Sold by
Fiacco Margaret Mary
Bought by
Christie Paul Charles and Stagnoli Sonya L
Seller's Agent
Roberta Tengerdy, PA
PREMIER SOTHEBY'S INTERNATIONAL REALTY
Buyer's Agent
Rachel Finney
BRIGHT REALTY
List Price
$749,000
Sold Price
$637,000
Premium/Discount to List
-$112,000
-14.95%
Views
18
Current Estimated Value
$596,258

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$40,742
Avg. Annual Appreciation
-2.05%
Original Mortgage
$477,525
Outstanding Balance
$465,378
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
$137,798

Purchase Details

Closed on
Nov 16, 2009
Sold by
Rivero Carlos A
Bought by
Flacco Margaret Mary

Purchase Details

Closed on
Jul 22, 2004
Sold by
Yanowitch Doris H
Bought by
Rivero Carlos A and Rivero Michelle D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.24%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Christie Paul Charles $636,700 --
Flacco Margaret Mary $335,000 Attorney
Rivero Carlos A $325,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Christie Paul Charles $477,525
Previous Owner Rivero Carlos A $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2022 12/20/22 Sold $637,000 -2.0% $731 / Sq Ft
10/30/2022 10/30/22 Pending -- -- --
10/20/2022 10/20/22 Price Changed $650,000 -6.5% $745 / Sq Ft
10/04/2022 10/04/22 Price Changed $695,000 -7.2% $797 / Sq Ft
09/30/2022 09/30/22 For Sale $749,000 0.0% $859 / Sq Ft
09/16/2022 09/16/22 Pending -- -- --
05/31/2022 05/31/22 For Sale $749,000 -- $859 / 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 $6,421 $528,600 -- $528,600
2023 $6,421 $514,600 $0 $514,600
2022 $5,274 $417,900 $0 $417,900
2021 $4,885 $366,000 $0 $366,000
2020 $4,934 $363,000 $0 $363,000
2019 $4,941 $370,000 $0 $370,000
2018 $4,476 $331,000 $0 $331,000
2017 $4,334 $314,000 $0 $314,000
2016 $4,141 $297,000 $0 $297,000
2015 $4,007 $289,000 $0 $289,000
2014 $3,985 $271,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Roberta Tengerdy, PA

    Seller's Agent in 2022

    Roberta Tengerdy, PA

    PREMIER SOTHEBY'S INTERNATIONAL REALTY

    (413) 374-3547

    17 in this area

    214 Total Sales

    Section Image

  • R

    Buyer's Agent in 2022

    Rachel Finney

    BRIGHT REALTY

    (941) 552-6036

    1 in this area

    25 Total Sales

    Section Image
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Map

Source: Stellar MLS

MLS Number: A4537181

Stellar MLS

APN: 0105-13-6212

Florida Sarasota County Sarasota 34242

5962 Midnight Pass Rd Unit 132, Sarasota, FL

This home is located at 5962 Midnight Pass Rd Unit 132, Sarasota, FL 34242 since 31 May 2022 and is currently estimated at $596,258, approximately $683 per square foot. This property was built in 1975. 5962 Midnight Pass Rd Unit 132 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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