NOT LISTED FOR SALE

5964 Midnight Pass Rd Unit 143 Sarasota, FL 34242

Estimated Value: $878,942

2 Beds
2 Baths
1,043 Sq Ft
$716/mo HOA Fee

Last Sold February 15, 2019

Last sale price $530,000 $508 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $6,234/month

21 Days on Market

Highlights

  • 125 Feet of Waterfront
  • Water access To Gulf or Ocean
  • Furnished
  • Phillippi Shores Elementary School Rated A
  • Fishing
  • Community Pool

About This Home

As of February 2019

Situated on the Gulf side of the Palm Bay Club, this two-bedroom condominium embodies the essence of relaxed, island living. Savor the sights and sounds of Siesta Key, where you can walk the beach in the morning, bike to the Village for lunch, standup paddleboard along the Intracoastal in the afternoon, and be home in time to catch the sunset over the Gulf. This 2nd story residence is highly desirable and rarely available, with an excellent income/rental opportunity (minimum 3 day). The interiors are ready for you to relax, sold turnkey furnished with recent updates and new furnishings. Palm Bay Club provides residents with private beach access, two heated pools (one on bayside), tennis courts, day docks and a fishing pier. Named the No. 1 beach in the United States, plop your feet in the sands and yourself on island time while the urban amenities of Sarasota are just over the bridge to the mainland.

Last Agent to Sell the Property

Kelly Quigley

MICHAEL SAUNDERS & COMPANY License #3096483 Listed on: 12/20/2018

MICHAEL SAUNDERS & COMPANY

Last Buyer's Agent

Rudy Dudon

MICHAEL SAUNDERS & COMPANY License #3099658

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,114

Year Built

  • Built in 1975

Lot Details

  • 125 Feet of Waterfront
  • Property fronts gulf or ocean
  • Property fronts an intracoastal waterway
  • West Facing Home

HOA Fees

  • $716 Monthly HOA Fees

Parking

  • Open Parking

Home Design

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

Interior Spaces

  • 1,043 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Blinds
  • Drapes & Rods
  • Tile Flooring

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

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

Home Security

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

Schools

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

Utilities

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

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, escrow reserves fund, insurance, internet, maintenance structure, pool maintenance, recreational facilities, security, sewer, trash, water
  • Mid-Rise Condominium
  • Palm Bay Club Community
  • Palm Bay Club Iii Subdivision
  • The community has rules related to deed restrictions
  • Rental Restrictions

Recreation

  • Tennis Courts
  • Community Pool
  • Fishing

Pet Policy

  • No Pets Allowed

Additional Features

  • Elevator
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,114

Year Built

Built in 1975

Lot Details

0

HOA Fees

$716 per month

Listing Details

  • HOA Fee Includes: Cable TV, Escrow Reserves Fund, Insurance, Internet, Maintenance Structure, Pool Maintenance, Recreational Facilities, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1043
  • New Construction: No
  • Year Built: 1975
  • Building Area Total: 1134
  • Directions to Property: Siesta Key to Midnight Pass Road, Palm Bay III is located on the gulf side, second building on the right.
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4422039&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4422039&cview=true&show_results=true&customer_portal=true
  • Floor Number: 2
  • Homestead Y N: No
  • Total Acreage: Non-Applicable
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Property Description: Mid Rise
  • Call Center Phone Number: 941-308-7777
  • Ratio: Close Price\List Price: 0.96364
  • Price per Sq Ft: 508.15
  • Close to Original List Price Ratio: 0.96364
  • Ratio: Current Price\Building Area Total: 467.37
  • View: No
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2017
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Tile
  • Full Bathrooms: 2
  • Interior Amenities: Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Electric Water Heater, Microwave, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: Two
  • Spa Yn: No
  • Stories: 3
  • Window Features: Blinds, Drapes
  • Street Number Modifier: 5964
  • Room Count: 4
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: West
  • Exterior Features: Other
  • Roof: Built-Up
  • Pool Private: No
  • Waterfront: Yes
  • Road Surface Type: Paved
  • Water Access: Bay/Harbor, Beach - Access Deeded, Gulf/Ocean, Gulf/Ocean to Bay, Intracoastal Waterway
  • Water Extras: Dock - Open, Dock - Slip 1st Come, Fishing Pier, Seawall - Concrete
  • Water View Y N: No
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Flood Zone Panel: 12115C0143F
  • Waterfront Frontage: 125
  • Water Frontage Feet I C W: 25
  • Water Frontage Feet Gulf Ocean: 100
  • Disclosures: Condominium Disclosure Available

Garage/Parking

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

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Cable Connected, Electricity Connected, Sewer Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: None
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Deed Restrictions, Fishing, Pool, Tennis Courts, Water Access, Waterfront
  • Association Amenities: Cable TV, Tennis Court(s)
  • Association: No
  • Security: Smoke Detector(s)
  • Senior Community: No
  • Condo Fees: 2148
  • Condo Fees Term: Quarterly
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 716
  • Association Fee Requirement: None
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 8592
  • Total Monthly Fees: 716

Schools

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

Lot Info

  • Parcel Number: 0105136222
  • Additional Parcels: No
  • Lot Features: In County
  • Property Attached Yn: No
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-11-04
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Furnished
  • Pets Allowed: No
  • Minimum Lease: 1-7 Days
  • Approval Process: Approval Required
  • Num Timesper Year: 52
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Lease Restrictions

Tax Info

  • Tax Annual Amount: 5114
  • Tax Book Number: 5-3
  • Tax Lot: N24

Multi Family

  • Waterfront Features: Gulf/Ocean, Intracoastal Waterway

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 25, 2022
Sold by
Meister Stephen C and Meister Natalia S
Bought by
Stephen And Natalia Meister Revocable Trust
Total Days on Market
21
Current Estimated Value
$878,942

Purchase Details

Listed on
Dec 20, 2018
Closed on
Feb 15, 2019
Sold by
Ren John and Zhang Cathy
Bought by
Meister Stephen C and Meister Natalia S
Seller's Agent
Kelly Quigley
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Rudy Dudon
MICHAEL SAUNDERS & COMPANY
List Price
$550,000
Sold Price
$530,000
Premium/Discount to List
-$20,000
-3.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.36%

Purchase Details

Closed on
Mar 9, 2012
Sold by
Reilly Michele M
Bought by
Ren John and Zhang Cathy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 9, 1995
Sold by
Mastrangelo Michael and Mastrangelo Rita
Bought by
Mastrangelo Rita
Source: Public Records

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Range of Values:

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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
Stephen And Natalia Meister Revocable Trust -- Drude-Tomori Rachel
Meister Stephen C $530,000 Attorney
Ren John $375,000 Attorney
Mastrangelo Rita -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ren John $187,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2019 02/15/19 Sold $530,000 -3.6% $508 / Sq Ft
01/10/2019 01/10/19 Pending -- -- --
12/20/2018 12/20/18 For Sale $550,000 -- $527 / 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 $7,012 $570,200 -- --
2023 $7,012 $599,300 $0 $599,300
2022 $6,094 $486,600 $0 $486,600
2021 $5,653 $428,400 $0 $428,400
2020 $5,814 $433,000 $0 $433,000
2019 $5,834 $442,000 $0 $442,000
2018 $5,280 $395,000 $0 $395,000
2017 $5,114 $375,000 $0 $375,000
2016 $4,890 $354,000 $0 $354,000
2015 $4,736 $344,000 $0 $344,000
2014 $4,692 $322,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kelly Quigley

    Seller's Agent in 2019

    Kelly Quigley

    Michael Saunders

    (941) 356-9954

    5 in this area

    53 Total Sales

    Kelly Quigley
    Section Image
  • Rudy Dudon

    Buyer's Agent in 2019

    Rudy Dudon

    Michael Saunders

    (941) 234-3991

    139 in this area

    216 Total Sales

    Rudy Dudon
    Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: A4422039

Stellar MLS

APN: 0105-13-6222

Florida Sarasota County Sarasota 34242

5964 Midnight Pass Rd Unit 143, Sarasota, FL

This home is located at 5964 Midnight Pass Rd Unit 143, Sarasota, FL 34242 since 20 December 2018 and is currently estimated at $878,942, approximately $842 per square foot. This property was built in 1975. 5964 Midnight Pass Rd Unit 143 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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