NOT LISTED FOR SALE

5963 Midnight Pass Rd Unit 362 Sarasota, FL 34242

Estimated Value: $703,431

2 Beds
2 Baths
1,270 Sq Ft
$1,095/mo HOA Fee

Last Sold March 04, 2024

Last sale price $800,000 $630 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $5,442/month

29 Days on Market

Highlights

  • 600 Feet of Ocean or Gulf Waterfront
  • Water access To Gulf or Ocean
  • Partial Gulf or Ocean Views
  • Phillippi Shores Elementary School Rated A
  • Fitness Center
  • Gated Community

About This Home

As of March 2024

Rarely does a TOP FLOOR and END UNIT residence become available in Palm Bay Club's Bayside. What sets this 3rd floor condominium apart from neighboring units is the abundance of windows allowing for distant views of the Gulf of Mexico, a sunset skyline and natural light. Don't miss out on this special opportunity for a 2 Bedroom 2 Bath in one of Siesta Key's most sought-after resorts. The PALM BAY CLUB is a beach to bay resort condominium community with a wide array of fine amenities sure to please you and your guests. This bayside location provides easy access to the day docks, fishing pier, heated pool and large custom hot tub overlooking Sarasota Bay. With deeded beach access included, the beach side amenities will provide many memorable moments with picture perfect sunsets on the private beach, a heated swimming pool, fitness center, pickleball and lighted tennis courts. Turn-Key with tastefully appointed neutral furnishings exuding a warm and inviting ambiance. This floor plan includes an expansive patio overlooking the tropical courtyard. Palm Bay Club is one of the few resorts on Siesta Key that allows 3-day rentals. Central Siesta Key location within minutes of shopping and dining from both the Siesta Key Village (North) and the South Village. 1 Year American Home Shield Essentials Warranty is included!

Last Agent to Sell the Property

Mary Beth Hudson

COLDWELL BANKER REALTY Brokerage Phone: 941-349-4411 License #666377 Listed on: 01/12/2024

COLDWELL BANKER REALTY

Co-Listed By

Greg Hudson

COLDWELL BANKER REALTY Brokerage Phone: 941-349-4411 License #3044373

Last Buyer's Agent

Todd Golden

54 REALTY LLC License #3545232

54 REALTY LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,684

Year Built

  • Built in 1974

Lot Details

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

HOA Fees

  • $1,095 Monthly HOA Fees

Home Design

  • Condo Hotel
  • Entry on the 3rd floor
  • Turnkey
  • Slab Foundation
  • Built-Up Roof
  • Block Exterior

Interior Spaces

  • 1,270 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Sliding Doors
  • Combination Dining and Living Room
  • Partial Bay or Harbor Views

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Eco-Friendly Details

  • Reclaimed Water Irrigation System

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
  • Balcony
  • Courtyard
  • Exterior Lighting
  • Outdoor Grill

Schools

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

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 362
  • Assessor Parcel Number 0105136162

Community Details

Overview

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

Amenities

  • Laundry Facilities
  • Elevator

Recreation

  • Tennis Courts
  • Pickleball Courts
  • Recreation Facilities
  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • No Pets Allowed

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,684

Year Built

Built in 1974

Lot Details

0

HOA Fees

$1,095 per month

Listing Details

  • HOA Fee Includes: Cable TV, Pool, Escrow Reserves Fund, Maintenance Grounds, Management, Pest Control, Recreational Facilities, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condo - Hotel
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1270
  • New Construction: No
  • Year Built: 1974
  • Building Area Total: 1414
  • Status: Sold
  • Co List Office Mls Id: MFR281502380
  • Co List Office Phone: 941-366-8070
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Escrow State: FL
  • Floor Number: 3
  • Minimum Lease: 1-7 Days
  • RATIO Current Price By Calculate: 629.92
  • Total Acreage: Non-Applicable
  • Water Access YN: 1
  • Condo Fees Term: Quarterly
  • Property Description: End Unit,Mid Rise
  • MFR_InLawSuiteYN: 0
  • MFR_DockDescription: Dock - Slip 1st Come
  • MFR_DockYN: 1
  • MFR_CommunityAssociationWaterFeatures: Fishing,Gulf/Ocean Front,Intracoastal Waterway,Water Access,Waterfront
  • Attribution Contact: 941-349-4411
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile
  • Full Bathrooms: 2
  • Interior Amenities: Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Walk-In Closet(s)
  • Appliances Included: Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 117.99

Exterior Features

  • Direction Faces: South
  • Exterior Features: Balcony, Courtyard, Garden, Irrigation System, Lighting, Outdoor Grill, Sliding Doors, Tennis Court(s)
  • Roof: Built-Up
  • Pool Private: No
  • Water Body Name: GULF OF MEXICO & INTRACOASTAL
  • Waterfront: Yes
  • Road Surface Type: Paved
  • Disclosures: Condominium Disclosure Available, Lead Paint, Seller Property Disclosure
  • Water Access: Beach - Access Deeded,Gulf/Ocean,Gulf/Ocean to Bay,Intracoastal Waterway
  • Water Extras: Fishing Pier,Seawall - Concrete
  • Water View: Gulf/Ocean - Partial
  • Water View YN: 1
  • Waterfront Feet Total: 600
  • Water Frontage Feet Gulf Ocean: 600

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Utilities: Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Fitness Center, Gated Community - No Guard, Irrigation-Reclaimed Water, Pool, Tennis Courts
  • Association Amenities: Elevator(s), Fitness Center, Gated, Pickleball Court(s), Pool, Recreation Facilities, Spa/Hot Tub, Tennis Court(s)
  • Association Name: Palm Bay Club - France Langan
  • Phone: 941-349-1911
  • Association: Yes
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Association Fee Requirement: None
  • Condo Fees: 3286
  • Monthly Condo Fee Amount: 1095

Fee Information

  • Total Annual Fees: 13144.00
  • Total Monthly Fees: 1095.33

Schools

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

Lot Info

  • Zoning: RMF3
  • Parcel Number: 0105136162
  • Additional Parcels: No
  • Flood Zone Code: AE

Rental Info

  • Furnished: Turnkey
  • Pets Allowed: No
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: 3 Nights Minimum. Boat slips assigned by onsite office.

Tax Info

  • Tax Annual Amount: 7683.57
  • Tax Book Number: 8-11
  • Tax Lot: 362

Multi Family

  • Waterfront Features: Gulf/Ocean
  • Approval Process: Application and Fee to Palm Bay Club.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2024
Closed on
Mar 4, 2024
Sold by
Trust Number 1000
Bought by
Phelloway Realty Llc
Seller's Agent
Mary Beth Hudson
COLDWELL BANKER REALTY
Buyer's Agent
Todd Golden
54 REALTY LLC
List Price
$849,000
Sold Price
$800,000
Premium/Discount to List
-$49,000
-5.77%
Views
53
Current Estimated Value
$703,431

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$96,569
Avg. Annual Appreciation
-7.50%

Purchase Details

Closed on
Jan 26, 2018
Sold by
Vangunten Gregory L and Allynd Schmitz Trust
Bought by
Inland Waterway Properties Llc

Purchase Details

Closed on
Jun 1, 2017
Bought by
Dejanovich Joseph F Tru

Purchase Details

Closed on
Jun 12, 1997
Sold by
Justin Edith L and Justin Janina L
Bought by
Dejanovich Joseph F and Dejanovich Judy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
8.01%
Mortgage Type
Commercial
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
Phelloway Realty Llc $800,000 None Listed On Document
Inland Waterway Properties Llc -- Attorney
Dejanovich Joseph F Tru $100 --
Dejanovich Joseph F $134,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dejanovich Joseph F $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/04/2024 03/04/24 Sold $800,000 -3.5% $630 / Sq Ft
02/10/2024 02/10/24 Pending -- -- --
02/10/2024 02/10/24 Price Changed $829,000 -2.4% $653 / Sq Ft
01/12/2024 01/12/24 For Sale $849,000 -- $669 / 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 $7,684 $598,817 -- --
2023 $7,684 $675,600 $0 $675,600
2022 $6,663 $548,600 $0 $548,600
2021 $6,139 $475,900 $0 $475,900
2020 $5,562 $409,000 $0 $409,000
2019 $5,574 $417,000 $0 $417,000
2018 $5,051 $373,000 $0 $373,000
2017 $4,892 $354,000 $0 $354,000
2016 $4,674 $334,000 $0 $334,000
2015 $4,486 $325,000 $0 $325,000
2014 $4,493 $304,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2024

    Mary Beth Hudson

    COLDWELL BANKER REALTY

    (941) 302-2489

    5 in this area

    21 Total Sales

    Mary Beth Hudson
    Section Image
  • Greg Hudson

    Seller Co-Listing Agent in 2024

    Greg Hudson

    COLDWELL BANKER REALTY

    (941) 302-1485

    5 in this area

    32 Total Sales

    Greg Hudson
    Section Image

  • T

    Buyer's Agent in 2024

    Todd Golden

    54 REALTY LLC

    (941) 400-3995

    3 in this area

    23 Total Sales

    Todd Golden
    Section Image
  • Marc Rasmussen

    Buyer Co-Listing Agent in 2024

    Marc Rasmussen

    CORCORAN DWELLINGS REALTY

    (941) 822-0708

    11 in this area

    38 Total Sales

    Marc Rasmussen
    Section Image
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Map

Source: Stellar MLS

MLS Number: A4595311

Stellar MLS

APN: 0105-13-6162

Florida Sarasota County Sarasota 34242

5963 Midnight Pass Rd Unit 362, Sarasota, FL

Not Listed for Sale

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

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