NOT LISTED FOR SALE

5964 Midnight Pass Rd Unit 148 Sarasota, FL 34242

Estimated Value: $760,464

2 Beds
2 Baths
1,043 Sq Ft
$975/mo HOA Fee

Last Sold March 30, 2023

Last sale price $835,000 $801 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $5,605/month

Highlights

  • 1,000 Feet of Ocean or Gulf Waterfront
  • Community Boat Slip
  • Boat Slip Deeded
  • Phillippi Shores Elementary School Rated A
  • Beach Access
  • Fitness Center

About This Home

As of March 2023

Enjoy beachside bliss at Palm Bay Club, a tropical resort spanning from the beach to the bay on Siesta Key. This two-bedroom residence is the perfect island hideaway for relishing in the powder white sands and turquoise Gulf waters for which Siesta Beach is known. Wake up each day with the sunrise and enjoy a cup of coffee on the screened terrace as you plan out the day’s adventures. The open floorplan is perfect for relaxation or hosting a game of cards, movie night, or cocktail hour with friends. Prepare your favorite meals in the kitchen, complete with white cabinets and plenty of storage space. The master suite opens to the lanai while bringing in ample natural light. An ideal investment opportunity, rent out the unit when you are not in residence with a generous three-night minimal policy and a newly renovated onsite rental office sure to take care of your guests so you don’t have to think about anything. With an array of resort amenities, enjoy every day to the fullest. Hospitalities include two heated swimming pools, large custom hot tub overlooking the Bay, complimentary new fitness center, tennis courts, available boat docks for daily rental, barbeque grills, fishing pier, private beach, recreation lounge, and complementary wi-fi. Siesta Village is nearby with delicious restaurants, island-style boutiques, and a laidback tropical atmosphere. Downtown Sarasota is just over the bridge for one-of-a-kind arts and culture and championship golfing.

Last Agent to Sell the Property

Rudy Dudon

MICHAEL SAUNDERS & COMPANY License #3099658 Listed on: 03/08/2023

MICHAEL SAUNDERS & COMPANY

Last Buyer's Agent

Rudy Dudon

MICHAEL SAUNDERS & COMPANY License #3099658 Listed on: 03/08/2023

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,192

Year Built

  • Built in 1975

Lot Details

  • 1,000 Feet of Ocean or Gulf Waterfront
  • Northwest Facing Home
  • Irrigation
  • Street paved with bricks

HOA Fees

  • $975 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 1,043 Sq Ft Home
  • 3-Story Property
  • Sliding Doors
  • Combination Dining and Living Room
  • Tile Flooring

Kitchen

  • Range
  • Dishwasher
  • Solid Wood Cabinet
  • Disposal

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Laundry Located Outside

Parking

  • Covered Parking
  • Open Parking

Pool

  • Heated In Ground 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
  • Boat Slip Deeded
  • Open Dock

Schools

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

Utilities

  • Central Air
  • Heating Available
  • Underground Utilities
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, pool, escrow reserves fund, fidelity bond, insurance, internet, maintenance structure, ground maintenance, management, security
  • Palm Bay Club Association, Phone Number (941) 349-1911
  • Palm Bay Club Community
  • Palm Bay Club III Subdivision
  • On-Site Maintenance
  • Association Owns Recreation Facilities
  • The community has rules related to deed restrictions

Amenities

  • Laundry Facilities
  • Elevator

Recreation

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

Pet Policy

  • No Pets Allowed

Security

  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,192

Year Built

Built in 1975

Lot Details

0

HOA Fees

$975 per month

Listing Details

  • HOA Fee Includes: Cable TV, Pool, Escrow Reserves Fund, Fidelity Bond, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Management, Security
  • 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: 1143
  • Directions to Property: Stickney Point/Clark Road west to Midnight Pass, turn right and go north to Palm Bay, and turn left in Gulf Side of community.
  • Status: Sold
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow State: FL
  • Floor Number: 3
  • List Office Head Office Key Nume: 1046728
  • Minimum Lease: 1-7 Days
  • RATIO Current Price By Calculate: 800.58
  • Unit Number YN: 0
  • Water Access YN: 1
  • Condo Fees Term: Quarterly
  • Tax Year: 2022
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Tile
  • Full Bathrooms: 2
  • Interior Amenities: Living Room/Dining Room Combo, Solid Wood Cabinets, Walk-In Closet(s)
  • Appliances Included: Dishwasher, Disposal, Electric Water Heater, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Spa Features: Heated, In Ground
  • Spa Yn: Yes
  • Stories: 3
  • Street Number Modifier: 5964
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 96.90
  • Room Count: 4

Exterior Features

  • Direction Faces: Northwest
  • Pool Features: Gunite, Heated, In Ground, Outside Bath Access
  • Exterior Features: Irrigation System, Sliding Doors
  • Roof: Built-Up
  • Pool Private: No
  • Water Body Name: GULF OF MEXICO/INTRACOASTAL
  • Waterfront: Yes
  • Road Surface Type: Brick
  • Disclosures: Condominium Disclosure Available, Lead Paint, Seller Property Disclosure
  • Water Access: Beach,Beach - Access Deeded,Gulf/Ocean,Gulf/Ocean to Bay,Intracoastal Waterway
  • Water Extras: Dock - Open,Dock - Slip 1st Come,Dock - Slip Deeded On-Site,Fishing Pier,Seawall - Concrete
  • Water Extras YN: 1
  • Water View YN: 0
  • Waterfront Feet Total: 1000
  • Flood Zone Date: 2016-11-04
  • Flood Zone Panel: 12115C0143F
  • Water Frontage Feet Gulf Ocean: 1000

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Covered, Open

Utilities

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

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Deed Restrictions, Fitness Center, 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
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Association Fee Requirement: None
  • Building Name Number: 5964
  • Condo Fees: 2924
  • Condo Land Included YN: 0
  • Montly Maint Amt Addition To HOA: 0
  • Association Email: palmbayclub.com
  • Monthly Condo Fee Amount: 975

Fee Information

  • Total Annual Fees: 11696.00
  • Total Monthly Fees: 974.67

Schools

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

Lot Info

  • Parcel Number: 0105136227
  • Additional Parcels: No
  • Flood Zone Code: AE
  • Homestead YN: 0

Green Features

  • Green Verification Count: 0

Rental Info

  • Furnished: Turnkey
  • Pets Allowed: No
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: 3 day minimum boat slip rentals available and assigned by onsite office.

Tax Info

  • Tax Annual Amount: 6192
  • Tax Book Number: 5-3
  • Tax Lot: N29

Multi Family

  • Waterfront Features: Gulf/Ocean
  • Approval Process: Contact Palm Bay with applications

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2023
Closed on
Mar 30, 2023
Sold by
Bell Michael S
Bought by
Turfway Tides Llc
Seller's Agent
Rudy Dudon
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Rudy Dudon
MICHAEL SAUNDERS & COMPANY
List Price
$865,000
Sold Price
$835,000
Premium/Discount to List
-$30,000
-3.47%
Current Estimated Value
$760,464

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$74,536
Avg. Annual Appreciation
-3.60%

Purchase Details

Listed on
Oct 9, 2019
Closed on
Feb 28, 2020
Sold by
Beach Birds 5 Llc
Bought by
Bell Michael S
Seller's Agent
Rudy Dudon
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Mark Coppens
EXP REALTY LLC
List Price
$619,000
Sold Price
$600,000
Premium/Discount to List
-$19,000
-3.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.33%
Original Mortgage
$450,000
Interest Rate
3.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 14, 2015
Sold by
Bolin Steven L and Bolin Lynn M
Bought by
Beach Birds 5 Llc

Purchase Details

Closed on
Jul 23, 1997
Sold by
Gold Jay J
Bought by
Bolin Steven L and Bolin Lynn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
7.7%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Turfway Tides Llc $835,000 --
Bell Michael S $600,000 None Available
Beach Birds 5 Llc $450,000 Attorney
Bolin Steven L $184,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bell Michael S $450,000
Previous Owner Bolin Steven L $125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/30/2023 03/30/23 Sold $835,000 -3.5% $801 / Sq Ft
03/08/2023 03/08/23 Pending -- -- --
03/08/2023 03/08/23 For Sale $865,000 +44.2% $829 / Sq Ft
03/02/2020 03/02/20 Sold $600,000 -3.1% $575 / Sq Ft View Prior Sale
01/19/2020 01/19/20 Pending -- -- --
10/09/2019 10/09/19 For Sale $619,000 -- $593 / 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 $7,127 $617,600 -- $617,600
2023 $7,127 $611,200 $0 $611,200
2022 $6,192 $496,300 $0 $496,300
2021 $5,730 $434,700 $0 $434,700
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

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Map

Source: Stellar MLS

MLS Number: A4563138

Stellar MLS

APN: 0105-13-6227