NOT LISTED FOR SALE

5963 Midnight Pass Rd Unit 334 Sarasota, FL 34242

Estimated Value: $691,576

2 Beds
2 Baths
1,000 Sq Ft
$718/ mo HOA Fee

Last Sold September 22, 2020

Last sale price $475,000 $475 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $4,853/month

11 Days on Market

Highlights

  • 1,000 Feet of Waterfront
  • Community Boat Slip
  • Private Beach
  • Phillippi Shores Elementary School Rated A
  • Water access To Gulf or Ocean
  • Fitness Center

About This Home

As of September 2020

Updated and brimming with charm, this second-floor Bayside condominium in Palm Bay Club is ideal for beachy getaways and leaving your worries behind. Through the front door, the open concept grants clear vantage of the bright kitchen, dining/living room and balcony for casual and carefree living. Dark granite graces the countertops while cream cabinetry and white appliances offer a crisp appearance for preparing delightful treats and dining at the breakfast bar. Tile floors transition you through to the generous master suite that has plush carpeting with sliders to the balcony and en-suite bath. The guest bedroom can comfortably accommodate two bunk beds allowing plenty of visitors. Sip your morning coffee on the balcony as the sun peers through the palm trees of the courtyard and views of the water. Palm Bay Club offers a wealth of amenities including two pools – one on the Intracoastal with a spa – complimentary WiFi, new fitness room tennis courts and bbq grills. This residence also provides promising potential for return on investment with a three-night minimum rental policy and convenient onsite property management and newly renovated onsite rental office. Your paradise awaits

Last Agent to Sell the Property

Rudy Dudon

MICHAEL SAUNDERS & COMPANY License #3099658 Listed on: 06/26/2020

MICHAEL SAUNDERS & COMPANY

Last Buyer's Agent

marie miante

ALLEN REAL ESTATE SERVICES INC License #3092737

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,696

Year Built

  • Built in 1974

Lot Details

  • 1,000 Feet of Waterfront
  • Property fronts gulf or ocean
  • Property fronts a private road
  • Private Beach
  • Public Beach
  • One Way Street
  • South Facing Home

HOA Fees

  • $718 Monthly HOA Fees

Parking

  • Open Parking

Property Views

  • Intracoastal
  • Full Bay or Harbor

Home Design

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

Interior Spaces

  • 1,000 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Blinds
  • Drapes & Rods
  • Sliding Doors
  • Combination Dining and Living Room
  • Laundry Room

Kitchen

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

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Pool

  • In Ground Pool
  • In Ground Spa
  • Gunite Pool
  • Outside Bathroom Access
  • Pool Lighting

Outdoor Features

  • Water access To Gulf or Ocean
  • Access To Intracoastal Waterway
  • Fishing Pier
  • Deeded access to the beach
  • First Come-First Served Dock
  • Seawall
  • Open Dock
  • Balcony

Location

  • Flood Zone Lot
  • Property is near public transit

Schools

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

Utilities

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

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, community pool, escrow reserves fund, fidelity bond, insurance, internet, maintenance structure, ground maintenance, manager, pest control, pool maintenance, recreational facilities, security, sewer, trash, water
  • Palm Bay Club Association, Phone Number (941) 349-1911
  • Palm Bay Club Community
  • Palm Bay Club II Subdivision
  • On-Site Maintenance
  • Association Owns Recreation Facilities
  • The community has rules related to deed restrictions, no truck, recreational vehicles, or motorcycle parking
  • Rental Restrictions

Amenities

  • Laundry Facilities
  • Elevator

Recreation

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

Security

  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,696

Year Built

Built in 1974

Lot Details

2.37 Acres

HOA Fees

$718 per month

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Escrow Reserves Fund, Fidelity Bond, Insurance, 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: Condominium
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1000
  • Lot Size Acres: 2.37
  • New Construction: No
  • Year Built: 1974
  • Building Area Total: 1100
  • Lot Size Sq Ft: 103254
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4470357?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4470357?w=Customer
  • Floor Number: 2
  • Homestead Y N: No
  • Unit Number Y N: No
  • Call Center Phone Number: 941-308-7777
  • Ratio: Close Price\List Price: 0.97938
  • Price per Sq Ft: 475
  • Close to Original List Price Ratio: 0.97938
  • Ratio: Current Price\Building Area Total: 431.82
  • View: No
  • Ownership: Condominium
  • Tax Year: 2019
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Living Room/Dining Room Combo, Solid Surface Counters, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Spa Features: In Ground
  • Spa Yn: Yes
  • Stories: 1
  • Window Features: Blinds, Drapes
  • Room Count: 4

Exterior Features

  • Direction Faces: South
  • Other Structures: Tennis Court(s)
  • Pool Features: Gunite, In Ground, Lighting, Outside Bath Access
  • Exterior Features: Balcony, Sliding Doors, Tennis Court(s)
  • Roof: Built-Up
  • Pool Private: No
  • Road Frontage Type: Street One Way, Private Road
  • Water Body Name: Gulf Of Mexico/Intracoastal
  • Waterfront: Yes
  • Road Surface Type: Paved
  • Water View: Bay/Harbor - Partial, Intracoastal Waterway
  • Water Access: Bay/Harbor, Beach - Access Deeded, Beach - Private, Beach - Public, Gulf/Ocean, Gulf/Ocean to Bay, Intracoastal Waterway
  • Water Extras: Dock - Open, Dock - Slip 1st Come, Fishing Pier, Seawall - Concrete
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Waterfront Frontage: 1000
  • Water Frontage Feet Gulf Ocean: 1000

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Deed Restrictions, Fitness, No Truck/RV/Motorcycle Parking, Pool, Tennis Courts, Water Access, Waterfront
  • Association Amenities: Boat Slip, Cable TV, Elevator(s), Fitness Center, Laundry, Maintenance, Pool, Recreation Facilities, Security, Spa/Hot Tub, Tennis Court(s)
  • Association Name: Palm Bay Club
  • Phone: 941-349-1911
  • Association: Yes
  • Senior Community: No
  • Condo Fees: 2154
  • Condo Fees Term: Quarterly
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 718
  • Association Fee Requirement: None
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 8616
  • Total Monthly Fees: 718

Schools

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

Lot Info

  • Zoning: RMF3
  • Parcel Number: 0105136134
  • Additional Parcels: No
  • Lot Features: FloodZone, In County, Near Public Transit
  • Property Attached Yn: Yes
  • Flood Zone Code: AE

Rental Info

  • Furnished: Turnkey
  • Minimum Lease: 1-7 Days
  • Approval Process: Ask Association.
  • Num Timesper Year: 52
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: 3 Day minimum, boat slips rentals are $25 a day and assigned by on-site office

Tax Info

  • Tax Annual Amount: 4696.18
  • Tax Book Number: 8-11
  • Tax Lot: 334

Multi Family

  • Waterfront Features: Gulf/Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2020
Closed on
Sep 21, 2020
Sold by
La Casa Ii Llc
Bought by
Pioneer Industrial Park Inc
Seller's Agent
Rudy Dudon
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
marie miante
ALLEN REAL ESTATE SERVICES INC
List Price
$485,000
Sold Price
$475,000
Premium/Discount to List
-$10,000
-2.06%
Current Estimated Value
$691,576

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$216,576
Avg. Annual Appreciation
7.10%

Purchase Details

Closed on
Dec 2, 2014
Sold by
Revelas Angeline
Bought by
Sommer Mark F and Sommer Bridget D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,000
Interest Rate
3.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 29, 2008
Sold by
Franco Rocco F
Bought by
La Casa Ii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
5.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 27, 2003
Sold by
Romo Henry C and Romo Joana K
Bought by
Franco Rocco F

Purchase Details

Closed on
Aug 28, 1997
Sold by
Cameron James C
Bought by
Romo Henry C and Romo Joana K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,691
Interest Rate
7.46%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Pioneer Industrial Park Inc $470,000 Attorney
Sommer Mark F $400,000 Attorney
La Casa Ii Llc $382,000 Attorney
Franco Rocco F $380,000 --
Romo Henry C $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sommer Mark F $342,000
Previous Owner La Casa Ii Llc $320,000
Previous Owner Romo Henry C $124,691
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/22/2020 09/22/20 Sold $475,000 -2.1% $475 / Sq Ft
07/07/2020 07/07/20 Pending -- -- --
06/26/2020 06/26/20 For Sale $485,000 -- $485 / Sq Ft
Source: Stellar MLS

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
2025 $6,449 $518,400 -- $518,400
2024 $6,136 $494,600 -- --
2023 $6,136 $519,800 $0 $519,800
2022 $5,336 $422,100 $0 $422,100
2021 $4,956 $371,600 $0 $371,600
2020 $4,687 $343,000 $0 $343,000
2019 $4,696 $350,000 $0 $350,000
2018 $4,253 $313,000 $0 $313,000
2017 $4,119 $297,000 $0 $297,000
2016 $3,948 $281,000 $0 $281,000
2015 $3,794 $273,000 $0 $273,000
2014 $3,785 $255,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rudy Dudon

    Seller's Agent in 2020

    Rudy Dudon

    Michael Saunders

    (941) 234-3991

    127 in this area

    195 Total Sales

    Rudy Dudon
    Section Image

  • m

    Buyer's Agent in 2020

    marie miante

    ALLEN REAL ESTATE SERVICES INC

    2 Total Sales

    marie miante
    Section Image
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Map

Source: Stellar MLS

MLS Number: A4470357

Stellar MLS

APN: 0105-13-6134

Florida Sarasota County Sarasota 34242

5963 Midnight Pass Rd Unit 334, Sarasota, FL

Not Listed for Sale

Condos

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Based on information submitted to the MLS GRID

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

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