NOT LISTED FOR SALE

5963 Midnight Pass Rd Unit 339 Sarasota, FL 34242

Estimated Value: $644,524

2 Beds
2 Baths
1,000 Sq Ft
$910/mo HOA Fee

Last Sold December 06, 2022

Last sale price $700,000 $700 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $4,829/month

2 Days on Market

Highlights

  • 600 Feet of Waterfront
  • Community Boat Slip
  • Fitness Center
  • Phillippi Shores Elementary School Rated A
  • Beach Access
  • Intracoastal View

About This Home

As of December 2022

Welcome home to bayside living at the Palm Bay Club, a highly sought-after Siesta Key community with some of the finest amenities and grounds on the key. This home is a desirable ground floor unit with updated hurricane rated entry and glass slider doors. Take in your morning coffee on your patio and drink in the Siesta saltwater breeze. Take a few steps and find the beautiful bayside, heated pool and custom hot tub overlooking the gorgeous intracoastal waterway, a playground for manatees, dolphins, and wildlife. Walk a bit further and watch the impressive boat traffic from the bayside fishing pier. Inside, admire the fashionable tile throughout, creating the foundation for comfortable, cozy furnishings accented with tropical, seaside touches. A spacious principal ensuite and roomy guest quarters, boasting twin beds and an additional 4-piece bath, provide plenty of room for family, friends or neighbors. Take an easy stroll and enjoy deeded beach access to the world-renowned white sands of Siesta Key’s Crescent Beach. The Palm Bay Club provides two heated swimming pools, a complimentary fitness center, lighted tennis/pickleball courts, barbecue grills, and boat docks available for daily rental. With one of Siesta Key’s best on-site rental offices and a 3-night minimum rental policy, this is the ideal opportunity for the owner or investor!

Last Agent to Sell the Property

Rudy Dudon

MICHAEL SAUNDERS & COMPANY License #3099658 Listed on: 11/18/2022

MICHAEL SAUNDERS & COMPANY

Last Buyer's Agent

Rudy Dudon

MICHAEL SAUNDERS & COMPANY License #3099658 Listed on: 11/18/2022

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,277

Year Built

  • Built in 1974

Lot Details

  • 600 Feet of Waterfront
  • Property fronts gulf or ocean
  • Property fronts an intracoastal waterway
  • Street terminates at a dead end
  • South Facing Home
  • Street paved with bricks

HOA Fees

  • $910 Monthly HOA Fees

Parking

  • Open Parking

Property Views

  • Intracoastal
  • Full Bay or Harbor

Home Design

  • Slab Foundation
  • Built-Up Roof
  • Block Exterior

Interior Spaces

  • 1,000 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Sliding Doors
  • Combination Dining and Living Room
  • Tile Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Laundry Located Outside

Eco-Friendly Details

  • Reclaimed Water Irrigation System

Pool

  • Heated Indoor Pool
  • Heated Spa
  • In Ground Spa
  • Gunite Pool
  • Outside Bathroom Access

Outdoor Features

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

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
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, community pool, escrow reserves fund, ground maintenance, manager, pest control, recreational facilities, sewer, trash, water
  • Palm Bay Club Association
  • Visit Association Website
  • Mid-Rise Condominium
  • Palm Bay Club Community
  • Palm Bay Club II Subdivision
  • On-Site Maintenance
  • Association Owns Recreation Facilities
  • Rental Restrictions

Amenities

  • Clubhouse
  • Laundry Facilities
  • Elevator

Recreation

  • 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

$5,277

Year Built

Built in 1974

Lot Details

0

HOA Fees

$910 per month

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Escrow Reserves Fund, Maintenance Grounds, Manager, Pest Control, Recreational Facilities, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1000
  • New Construction: No
  • Year Built: 1974
  • Building Area Total: 1100
  • Directions to Property: Stickney Point Rd to Midnight Pass Road, turn right and go north to Palm Bay Club. Condo is on intracoastal side of Midnight Pass.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4552800?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4552800?w=Customer
  • Floor Number: 1
  • Homestead Y N: No
  • Unit Number Y N: No
  • Property Description: Mid Rise
  • Call Center Phone Number: 941-308-7777
  • Ratio: Close Price\List Price: 0.97902
  • Price per Sq Ft: 700
  • Close to Original List Price Ratio: 0.97902
  • Ratio: Current Price\Building Area Total: 636.36
  • View: No
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Living Room/Dining Room Combo, Walk-In Closet(s)
  • Appliances Included: Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Spa Features: Heated, In Ground
  • Spa Yn: Yes
  • Stories: 3
  • Street Number Modifier: 5963
  • Room Count: 4
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: South
  • Pool Features: Gunite, Heated, Indoor, Outside Bath Access
  • Exterior Features: Irrigation System, Sliding Doors, Tennis Court(s)
  • Roof: Built-Up
  • Pool Private: No
  • Road Frontage Type: Street Dead-End
  • Water Body Name: Gulf Of Mexico & Intracoastal
  • Waterfront: Yes
  • Road Surface Type: Street Brick, Paved
  • Water View: Bay/Harbor - Partial, Intracoastal Waterway
  • Water Access: Beach, Beach - Access Deeded, Gulf/Ocean, Gulf/Ocean to Bay, Intracoastal Waterway
  • Water Extras: Dock - Slip 1st Come, Fishing Pier, Seawall - Concrete
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Flood Zone Panel: 12115C0143F
  • Waterfront Frontage: 600
  • Water Frontage Feet I C W: 300
  • Water Frontage Feet Gulf Ocean: 300
  • Disclosures: Condominium Disclosure Available, Lead Paint, Seller Property Disclosure

Garage/Parking

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

Utilities

  • Utilities: Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Laundry Room, Outside
  • 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, Fishing, Fitness, Gated Community, Irrigation-Reclaimed Water, Pool, Tennis Courts, Water Access, Waterfront
  • Association Amenities: Boat Slip, Clubhouse, Elevator(s), Fitness Center, Laundry, Maintenance, Pickleball Court(s), Pool, Recreation Facilities, Spa/Hot Tub, Tennis Court(s)
  • Association Name: Palm Bay Club
  • Association: Yes
  • Senior Community: No
  • Condo Fees: 2730
  • Condo Fees Term: Quarterly
  • Association Website: palmbayclub.com
  • Association Email: service@palmbayclub.com
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 910
  • Association Fee Requirement: None
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 10920
  • Total Monthly Fees: 910

Schools

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

Lot Info

  • Zoning: RMF3
  • Parcel Number: 0105136139
  • Additional Parcels: No
  • Lot Features: FloodZone, In County, Near Public Transit
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-11-14
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: No
  • Minimum Lease: 1-7 Days
  • Approval Process: ask association
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: 3 night minimum, boat slips available and assigned by onsite office

Tax Info

  • Tax Annual Amount: 5276.52
  • Tax Book Number: 8-11
  • Tax Lot: 339

Multi Family

  • Waterfront Features: Gulf/Ocean, Intracoastal Waterway

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2022
Closed on
Dec 5, 2022
Sold by
Maureen Shortoff Intervivos Trust and Shortoff Edward Peter
Bought by
Sailor Adam and Sailor Karen Lynn
Seller's Agent
Rudy Dudon
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Rudy Dudon
MICHAEL SAUNDERS & COMPANY
List Price
$715,000
Sold Price
$700,000
Premium/Discount to List
-$15,000
-2.1%
Views
2
Current Estimated Value
$644,524

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$55,476
Avg. Annual Appreciation
-2.87%

Purchase Details

Closed on
Aug 7, 2012
Sold by
Shortoff Maureen
Bought by
Shortoff Maureen and Shortoff Edward Peter
Source: Public Records

Range of Values:

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List 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
Sailor Adam $700,000 None Listed On Document
Shortoff Maureen -- Attorney
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/06/2022 12/06/22 Sold $700,000 -2.1% $700 / Sq Ft
11/21/2022 11/21/22 Pending -- -- --
11/18/2022 11/18/22 For Sale $715,000 -- $715 / 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 $6,457 $522,600 -- $522,600
2023 $6,457 $514,700 $0 $514,700
2022 $5,277 $417,900 $0 $417,900
2021 $4,889 $366,100 $0 $366,100
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

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Map

Source: Stellar MLS

MLS Number: A4552800

Stellar MLS

APN: 0105-13-6139