NOT LISTED FOR SALE

5963 Midnight Pass Rd Unit 349 Sarasota, FL 34242

Estimated Value: $723,314

2 Beds
2 Baths
1,012 Sq Ft
$676/mo HOA Fee

Last Sold April 06, 2018

Last sale price $425,000 $420 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $4,999/month

102 Days on Market

Highlights

  • 100 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 April 2018

A beautiful, newly updated, turn-key furnished bayside unit in popular Palm Bay Club. This unit has been tiled throughout with 16 inch Italian ceramic tile. Newer furniture throughout with the ability to sleep a family of 6. The HVAC unit was replaced less then a year ago and the sliding doors were replaced several years ago with hurricane doors costing $6,200. The condo overlooks the court yard and fountain with a peek-a-boo view of the bay. Palm Bay allows 3 day minimum rentals so the ability to make great income is available. The complex is one of the best resorts on Siesta Key with both gulf and bay access, 2 pools, one directly on the bay. The complex has tennis courts, a fishing pier, day dock rentals and deeded beach access to the #1 Beach in the USA across the street from this condo!!! An easy shuttle ride to the North and South villages for shopping, dining and entertainment.

Last Agent to Sell the Property

Jay Mitchell

COLDWELL BANKER REALTY License #3046216 Listed on: 11/21/2017

COLDWELL BANKER REALTY

Co-Listed By

Kyle Mitchell

COLDWELL BANKER REALTY License #3047680

Last Buyer's Agent

Rudy Dudon

MICHAEL SAUNDERS & COMPANY License #3099658

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,119

Year Built

  • Built in 1974

Lot Details

  • 100 Feet of Waterfront
  • Property fronts an intracoastal waterway
  • Private Beach
  • One Way Street
  • South Facing Home
  • Land Lease expires 4/7/18

HOA Fees

  • $676 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,012 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Furnished
  • Blinds
  • Sliding Doors
  • Combination Dining and Living Room
  • Storage Room
  • Ceramic Tile Flooring
  • Full Bay or Harbor Views

Kitchen

  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Home Security

Parking

  • Open Parking
  • Off-Street Parking

Pool

  • Heated In Ground Pool
  • Gunite Pool
  • 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
  • Balcony
  • Deck
  • Covered Patio or Porch
  • Outdoor Storage

Location

  • Flood Zone Lot
  • Flood Insurance May Be Required
  • Property is near public transit

Schools

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

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Legal Lot and Block 349 / PALM
  • Assessor Parcel Number 0105136149

Community Details

Overview

  • Association fees include cable TV, community pool, escrow reserves fund, insurance, maintenance structure, ground maintenance, manager, private road, recreational facilities, security, sewer, trash, water
  • Palm Bay Club, 941 349 1911 Association
  • Mid-Rise Condominium
  • Palm Bay Club Community
  • Palm Bay Club II Subdivision
  • Association Owns Recreation Facilities
  • The community has rules related to deed restrictions
  • Rental Restrictions

Amenities

  • Laundry Facilities
  • Elevator
  • Community Storage Space

Recreation

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

Pet Policy

  • No Pets Allowed

Security

  • Security Service
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,119

Year Built

Built in 1974

Lot Details

0

HOA Fees

$676 per month

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Manager, Private Road, Recreational Facilities, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Other
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1012
  • New Construction: No
  • Year Built: 1974
  • Building Area Total: 1112
  • Status: Sold
  • Floor Number: 2
  • Homestead Y N: No
  • Total Acreage: Non-Applicable
  • Home Warranty Y N: Yes
  • Subdivision Num: 7278
  • Property Description: Mid Rise
  • Call Center Phone Number: 800-746-9464
  • Ratio: Close Price\List Price: 0.95506
  • Price per Sq Ft: 419.96
  • Close to Original List Price Ratio: 0.93407
  • Ratio: Current Price\Building Area Total: 382.19
  • View: Yes
  • Co List Office Mls Id: 281502372
  • Co List Office Phone: 941-349-4411
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2017
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Living Room/Dining Room Combo, Open Floorplan, Split Bedroom, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Microwave, Range, Range Hood, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 3
  • Window Features: Blinds, Window Treatments
  • Room Count: 7
  • Additional Rooms: Storage Rooms
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: South
  • Other Structures: Storage
  • Pool Features: Gunite, Heated, In Ground, Lighting
  • Exterior Features: Balcony, Sliding Doors, Storage
  • Roof: Other
  • Pool Private: No
  • Road Frontage Type: Street One Way
  • View: Water
  • Water Body Name: Sarasota Bay
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck, Patio, Porch
  • Road Surface Type: Paved
  • Water View: Bay/Harbor - Partial
  • Water Access: Beach - Access Deeded, Beach - Private, Gulf/Ocean, Intracoastal Waterway
  • Water Extras: Dock - Slip 1st Come, Fishing Pier
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Waterfront Frontage: 100
  • Water Frontage Feet I C W: 100
  • Additional Water Information: Boat slip rentals are $25 per day assigned by the onsite office. No electric or water available
  • Disclosures: Condominium Disclosure Available, Lead Paint, Seller Property Disclosure

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: None, Off Street, Open
  • Open Parking: Yes

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Fire Hydrant, Street Lights
  • Cooling: Central Air
  • Heating: Central, Electric, Heat Pump
  • 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, Fishing, Fitness, Pool, Tennis Courts, Water Access, Waterfront Complex
  • Association Amenities: Boat Dock, Elevator(s), Fitness Center, Laundry, Recreation Facilities, Security, Spa/Hot Tub, Storage, Tennis Court(s)
  • Association Fee: 1
  • Association Fee Frequency: Quarterly
  • Association Name: Palm Bay Club, 941-349-1911
  • Association: Yes
  • Security: Smoke Detector(s)
  • Senior Community: No
  • Condo Fees: 2027
  • Condo Fees Term: Quarterly
  • S W Subdiv Condo Num: 7278
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 676
  • Association Fee Requirement: Required
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 8112
  • Monthly HOA Fee: 0.33
  • Total Monthly Fees: 676

Schools

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

Lot Info

  • Zoning: RMF3
  • Parcel Number: 0105136149
  • Additional Parcels: No
  • Lot Features: Flood Insurance Required, FloodZone, In County, Near Public Transit, Sidewalk
  • Millage Rate: 12.94
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-10-04
  • Zoning Compatible Y N: Yes
  • Land Lease Expiration Date: 2018-04-07
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Furnished
  • Pets Allowed: No
  • Minimum Lease: 1-7 Days
  • Approval Process: Contact Palm Bay management with the application, pay application fee, and for a interview
  • Num Timesper Year: 52
  • Lease Restrictions Y N: Yes
  • Month To Month Or Weekly Y N: Yes
  • Additional Lease Restrictions: 3 day minimum Boat slip rentals are $25 per day assigned by the onsite office. No electric or water available

Tax Info

  • Tax Annual Amount: 4119
  • Tax Block: PALM
  • Tax Book Number: 0008/0011
  • Tax Lot: 349

Multi Family

  • Waterfront Features: Intracoastal Waterway

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2017
Closed on
Apr 6, 2018
Sold by
Ratchiffe Philip and Ratchiffe Rosamund C
Bought by
Djwatt Properties Llc
Seller's Agent
Jay Mitchell
COLDWELL BANKER REALTY
Buyer's Agent
Rudy Dudon
MICHAEL SAUNDERS & COMPANY
List Price
$455,000
Sold Price
$425,000
Premium/Discount to List
-$30,000
-6.59%
Current Estimated Value
$723,314

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$298,314
Avg. Annual Appreciation
7.23%

Purchase Details

Closed on
Dec 11, 2012
Sold by
Ratcliffe Philip
Bought by
Ratcliffe Philip and Ratcliffe Rosamund C

Purchase Details

Closed on
Apr 15, 2009
Sold by
Wiedwald David and Wiedwald Cheryl
Bought by
Ratcliffe Philip

Purchase Details

Closed on
May 19, 2004
Sold by
Hausladen Siegfried L and Hausladen Barbara A
Bought by
Wiedwald David and Wiedwald Cheryl
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
Djwatt Properties Llc $425,000 Attorney
Ratcliffe Philip -- None Available
Ratcliffe Philip $395,000 None Available
Wiedwald David $430,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/06/2018 04/06/18 Sold $425,000 -4.5% $420 / Sq Ft
03/04/2018 03/04/18 Pending -- -- --
12/17/2017 12/17/17 Price Changed $445,000 -2.2% $440 / Sq Ft
11/21/2017 11/21/17 For Sale $455,000 -- $450 / 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 $6,136 $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 $4,728 $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

  • Jay Mitchell

    Seller's Agent in 2018

    Jay Mitchell

    COLDWELL BANKER REALTY

    (941) 349-4411

    4 in this area

    56 Total Sales

    Jay Mitchell
    Section Image

  • K

    Seller Co-Listing Agent in 2018

    Kyle Mitchell

    COLDWELL BANKER REALTY

  • Rudy Dudon

    Buyer's Agent in 2018

    Rudy Dudon

    Michael Saunders

    (941) 234-3991

    136 in this area

    204 Total Sales

    Rudy Dudon
    Section Image
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Map

Source: Stellar MLS

MLS Number: A4202139

Stellar MLS

APN: 0105-13-6149

Florida Sarasota County Sarasota 34242

5963 Midnight Pass Rd Unit 349, Sarasota, FL

Not Listed for Sale

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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