NOT LISTED FOR SALE

5963 Midnight Pass Rd Unit 331 Sarasota, FL 34242

Estimated Value: $744,195

2 Beds
2 Baths
1,270 Sq Ft
$910/mo HOA Fee

Last Sold August 04, 2023

Last sale price $825,000 $650 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $5,586/month

66 Days on Market

Highlights

  • 600 Feet of Ocean or Gulf Waterfront
  • Water access To Gulf or Ocean
  • Intracoastal View
  • Phillippi Shores Elementary School Rated A
  • Fitness Center
  • In Ground Pool

About This Home

As of August 2023

EXCELLENT rental income opportunity! All the amenities any owner or guest would admire and enjoy. This residence boasts a rare private interior laundry/utility and extra spacious living room, as well as a renovated kitchen with stainless steel appliances. Enjoy your morning coffee in the gulf breezes on your personal lanais. Or watch the boats go by on the intracoastal, drop a fishing line or walk the stunning, crystal sand beach. Palm Bay offers two heated swimming pools, boat docks, fitness center, tennis/pickleball courts and barbeque grills. Only a 3-night minimum rental stay required. Here is what you have been waiting to be! Turnkey furnished!

Last Agent to Sell the Property

Linda Stowe

MICHAEL SAUNDERS & COMPANY License #3142559 Listed on: 04/04/2023

MICHAEL SAUNDERS & COMPANY

Last Buyer's Agent

Brandon Cuvelier

HORIZON REALTY INTERNATIONAL License #3514178

HORIZON REALTY INTERNATIONAL

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,557

Year Built

  • Built in 1974

Lot Details

  • 600 Feet of Ocean or Gulf Waterfront
  • South Facing Home

HOA Fees

  • $910 Monthly HOA Fees

Parking

  • Open Parking

Home Design

  • Turnkey
  • Slab Foundation
  • Built-Up Roof
  • Block Exterior

Interior Spaces

  • 1,270 Sq Ft Home
  • 3-Story Property
  • Built-In Features
  • Shelving
  • Blinds
  • Drapes & Rods
  • Sliding Doors
  • Combination Dining and Living Room
  • Intracoastal Views
  • Security Gate

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • En-Suite Bathroom
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Eco-Friendly Details

  • Reclaimed Water Irrigation System

Outdoor Features

  • In Ground Pool
  • Water access To Gulf or Ocean
  • Access To Intracoastal Waterway
  • Fishing Pier
  • Deeded access to the beach
  • Seawall
  • Side Porch

Schools

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

Utilities

  • Central Air
  • Heating Available
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, pool, escrow reserves fund, ground maintenance, maintenance, management, pest control, recreational facilities, sewer, trash, water
  • France Langan Association, Phone Number (941) 349-1911
  • Visit Association Website
  • Palm Bay Club Community
  • Palm Bay Club Ii Subdivision
  • Association Owns Recreation Facilities

Amenities

  • Elevator

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool
  • Fishing

Pet Policy

  • No Pets Allowed

Security

  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,557

Year Built

Built in 1974

Lot Details

0

HOA Fees

$910 per month

Listing Details

  • HOA Fee Includes: Cable TV, Pool, Escrow Reserves Fund, Maintenance Grounds, Maintenance, Management, Pest Control, Recreational Facilities, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1270
  • New Construction: No
  • Year Built: 1974
  • Building Area Total: 1414
  • Directions to Property: US 41 to west on Stickney Point Rd to north on Midnight Pass Road. 5963 is on the east side. Go to entrance gate.
  • Status: Sold
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow State: FL
  • Floor Number: 2
  • List Office Head Office Key Nume: 1046728
  • Minimum Lease: 1-7 Days
  • RATIO Current Price By Calculate: 649.61
  • Unit Number YN: 0
  • Water Access YN: 1
  • Condo Fees Term: Quarterly
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile
  • Full Bathrooms: 2
  • Interior Amenities: Built-in Features, Living Room/Dining Room Combo, Master Bedroom Main Floor, Solid Surface Counters, Split Bedroom, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 3
  • Window Features: Blinds, Drapes
  • Street Number Modifier: 5963
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 117.99
  • Room Count: 5

Exterior Features

  • Direction Faces: South
  • Pool Features: In Ground
  • Exterior Features: Irrigation System, Sliding Doors, Tennis Court(s)
  • Roof: Built-Up
  • Pool Private: No
  • Water Body Name: GULF OF MEXICO/INTRACOASTAL
  • Waterfront: Yes
  • Patio and Porch Features: Side Porch
  • Road Surface Type: Paved
  • Disclosures: Condominium Disclosure Available, Seller Property Disclosure
  • Water Access: Beach - Access Deeded,Gulf/Ocean,Gulf/Ocean to Bay,Intracoastal Waterway
  • Water Extras: Fishing Pier,Seawall - Concrete
  • Water Extras YN: 1
  • Water View: Intracoastal Waterway
  • Water View YN: 1
  • Waterfront Feet Total: 600
  • Flood Zone Date: 2016-11-04
  • Flood Zone Panel: 12115C0143F
  • Additional Water Information: Community is located on both sides of Midnight Pass Road, Gulf and Intracoastal Water.
  • Water Frontage Feet Gulf Ocean: 600

Garage/Parking

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

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Fishing, Fitness Center, Gated, Irrigation-Reclaimed Water, Pool, Tennis Courts, Water Access, Waterfront
  • Association Amenities: Elevator(s)
  • Association Name: France Langan
  • Phone: 941-349-1911
  • Association: Yes
  • Security: Gated Community, Security Gate, Smoke Detector(s)
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Association Fee Requirement: None
  • Building Name Number: 5963
  • Condo Fees: 2730
  • Condo Land Included YN: 0
  • Montly Maint Amt Addition To HOA: 0
  • Association Email: GM@palmbayclub.com
  • Monthly Condo Fee Amount: 910
  • Association URL: PalmBayClub.com
  • Management: Full Time
  • SW Subdiv Condo Num: 7278

Fee Information

  • Total Annual Fees: 10920.00
  • Total Monthly Fees: 910.00

Schools

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

Lot Info

  • Zoning: RMF3
  • Parcel Number: 0105136131
  • Additional Parcels: No
  • Flood Zone Code: AE
  • Homestead YN: 0
  • Lot Size Square Meters: 0

Rental Info

  • Furnished: Turnkey
  • Pets Allowed: No
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: 3 nights minimum. Boat slips assigned by on-site office.

Tax Info

  • Tax Annual Amount: 6557.4
  • Tax Book Number: 8-11
  • Tax Lot: 331

Multi Family

  • Waterfront Features: Gulf/Ocean
  • Approval Process: Application and Fee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2023
Closed on
Aug 4, 2023
Sold by
Gary T Link Trust
Bought by
Bgc Properties Llc and Owens Llc
Seller's Agent
Linda Stowe
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Brandon Cuvelier
HORIZON REALTY INTERNATIONAL
List Price
$899,000
Sold Price
$825,000
Premium/Discount to List
-$74,000
-8.23%
Views
220
Current Estimated Value
$744,195

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$80,805
Avg. Annual Appreciation
-4.29%
Original Mortgage
$825,000
Outstanding Balance
$808,976
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
-$55,558

Purchase Details

Closed on
Dec 11, 2012
Sold by
Link Gary T
Bought by
Link Gary T and Gary T Link Trust

Purchase Details

Closed on
Nov 4, 1993
Sold by
Toth Louis P and Toth Frederick C
Bought by
Toth Frederick C
Source: Public Records

Range of Values:

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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
Bgc Properties Llc $825,000 Msc Title
Link Gary T -- Attorney
Toth Frederick C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bgc Properties Llc $825,000
Previous Owner Eichenlaub Louis P $35,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2023 08/04/23 Sold $825,000 -2.8% $650 / Sq Ft
06/10/2023 06/10/23 Pending -- -- --
05/17/2023 05/17/23 Price Changed $849,000 -5.6% $669 / Sq Ft
04/04/2023 04/04/23 For Sale $899,000 -- $708 / 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 $7,548 $633,900 -- $633,900
2023 $7,548 $643,200 $0 $643,200
2022 $6,557 $522,300 $0 $522,300
2021 $6,085 $459,800 $0 $459,800
2020 $5,849 $432,000 $0 $432,000
2019 $5,868 $441,000 $0 $441,000
2018 $5,313 $394,000 $0 $394,000
2017 $5,146 $374,000 $0 $374,000
2016 $4,920 $353,000 $0 $353,000
2015 $4,725 $343,000 $0 $343,000
2014 $4,720 $321,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Linda Stowe

    Seller's Agent in 2023

    Linda Stowe

    Michael Saunders

    (941) 228-5685

    22 in this area

    26 Total Sales

    Linda Stowe
    Section Image
  • Brandon Cuvelier

    Buyer's Agent in 2023

    Brandon Cuvelier

    HORIZON REALTY INTERNATIONAL

    (319) 505-0719

    7 in this area

    33 Total Sales

    Brandon Cuvelier
    Section Image
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Map

Source: Stellar MLS

MLS Number: A4566084

Stellar MLS

APN: 0105-13-6131

Florida Sarasota County Sarasota 34242

5963 Midnight Pass Rd Unit 331, Sarasota, FL

This home is located at 5963 Midnight Pass Rd Unit 331, Sarasota, FL 34242 since 04 April 2023 and is currently estimated at $744,195, approximately $585 per square foot. This property was built in 1974. 5963 Midnight Pass Rd Unit 331 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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