$640,000
SOLD MAR 29, 2022

Turtle Bay I 8735 Midnight Pass Rd Unit 502B Sarasota, FL 34242

2 Beds
2 Baths
1,357 Sq Ft
$812/mo HOA Fee

Recently Sold

$472 Per Sq Ft

8% Below List Price

71 Days on Market

Highlights

  • 300 Feet of Waterfront
  • White Water Ocean Views
  • Access to Bay or Harbor
  • Phillippi Shores Elementary School Rated A
  • Boat Dock
  • Heated In Ground Pool

About This Home

As of February 2025

Rare opportunity to live in the beautiful Turtle Bay Condominiums, 5th floor, on Sarasota Bay. Enjoy the spectacular views of the intracoastal waterway, pool, and boat dock from your living room and lanai. This 2d/2ba unit is bright and clean, with updated flooring, and is Turnkey! The master bedroom is spacious with a walk-in closet and private bathroom. Enjoy eating on your enclosed lanai watching the dolphins and birds! The condo offers a one car garage with an extra storage room. Turtle Bay is a lovely community including a beautiful clubhouse with many activities. Organized tennis, pickleball, shuffleboard, happy hours, holiday functions, trivia, bingo, the list goes on and on. Bring your boat and lease your own private slip, outdoors grills with eating area, and fish from the pier. On-site management. Beach access is across Midnight Pass Rd thru Tortuga Condominiums. Come with your ideas, makes this your new home, and live in paradise!

Last Agent to Sell the Property

Margaret Abbott

BRIGHT REALTY License #0655874 Listed on: 12/03/2021

BRIGHT REALTY

Last Buyer's Agent

Joey Lamielle

RE/MAX ALLIANCE GROUP License #3266793

RE/MAX ALLIANCE GROUP

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,198

Year Built

  • Built in 1980

Lot Details

  • Property fronts a private road
  • East Facing Home
  • Mature Landscaping
  • Irrigation
  • Street paved with bricks
  • Landscaped with Trees
  • Condo Land Included

HOA Fees

  • $812 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Open Parking

Property Views

Home Design

  • Slab Foundation
  • Membrane Roofing
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,357 Sq Ft Home
  • Ceiling Fan
  • Shutters
  • Combination Dining and Living Room

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Flooring

  • Engineered Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Heated Spa

Outdoor Features

  • Access to Bay or Harbor
  • Fishing Pier
  • Deeded access to the beach
  • No Fixed Bridges
  • Dock made with Composite Material
  • Enclosed patio or porch

Location

  • Flood Zone Lot

Schools

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

Utilities

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

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, common area taxes, community pool, escrow reserves fund, insurance, internet, maintenance structure, ground maintenance, manager, pest control, pool maintenance, private road, sewer, trash, water
  • Lyne Schooley Association, Phone Number (941) 349-7300
  • Mid-Rise Condominium
  • Turtle Bay Community
  • Turtle Bay Sec 1 Subdivision
  • The community has rules related to deed restrictions
  • Rental Restrictions
  • 6-Story Property

Amenities

  • Clubhouse
  • Elevator

Recreation

  • Community Boat Slip
  • Shuffleboard Court
  • Fishing

Pet Policy

  • Pets up to 30 lbs
  • Pet Size Limit
  • 1 Pet Allowed

Security

  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,198

Year Built

Built in 1980

Lot Details

0

HOA Fees

$812 per month

Parking

1

Listing Details

  • HOA Fee Includes: Cable TV, Common Area Taxes, Community Pool, Escrow Reserves Fund, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Manager, Pest Control, Pool Maintenance, Private Road, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1357
  • Lot Size Acres: 3.53
  • New Construction: No
  • Year Built: 1980
  • Lot Size Sq Ft: 153673
  • Directions to Property: Take Stickney Point Road South to Midnight Pass Road, Turtle Bay on the Left. Go to driveway after the Turtle Bay sign which is 8735. Park by the tennis courts. Building is on the south side of complex.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4519236?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4519236?w=Customer
  • Floor Number: 5
  • Homestead Y N: No
  • Number Of Pets: 1
  • Total Acreage: 2 to less than 5
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Property Description: Mid Rise
  • Ratio: Close Price\List Price: 0.94131
  • Price per Sq Ft: 471.63
  • Close to Original List Price Ratio: 0.91559
  • View: Yes
  • Ownership: Condominium
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile, Engineered Hardwood
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Elevator, Living Room/Dining Room Combo, Solid Surface Counters, Thermostat, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Spa Features: Heated
  • Spa Yn: Yes
  • Stories: 6
  • Window Features: Shutters
  • Street Number Modifier: 8735
  • Room Count: 6

Exterior Features

  • Direction Faces: East
  • Other Structures: Tennis Court(s)
  • Pool Features: Heated, In Ground
  • Exterior Features: Irrigation System, Tennis Court(s)
  • Roof: Membrane
  • Pool Private: Yes
  • Road Frontage Type: Private Road
  • View: Pool, Water
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Enclosed, Porch
  • Road Surface Type: Street Brick
  • Water View: Bay/Harbor - Full, Gulf/Ocean - Partial, Intracoastal Waterway
  • Water Access: Bay/Harbor, Beach - Access Deeded
  • Water Extras: Bridges - No Fixed Bridges, Dock - Composite, Fishing Pier, Sailboat Water
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Waterfront Frontage: 300
  • Water Frontage Feet Bay Harbor: 300

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener
  • Covered Parking Spaces: 1
  • Open Parking: Yes

Utilities

  • Utilities: Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Inside, Laundry Room
  • 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: Boat Slip, Clubhouse, Boat Dock, Pickleball Court(s), Security, Shuffleboard Court, Tennis Court(s)
  • Association Fee Frequency: Quarterly
  • Association Name: Lyne Schooley
  • Phone: 941-349-7300
  • Association: Yes
  • Senior Community: No
  • Condo Fees: 2437
  • Condo Fees Term: Quarterly
  • Association Email: lschooley@turtlebayfl.com
  • Condo Land Included Y N: Yes
  • Monthly Condo Fee Amount: 812
  • Association Fee Requirement: Required
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 9748
  • Total Monthly Fees: 812.33

Schools

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

Lot Info

  • Zoning: RMF3
  • Parcel Number: 0129082029
  • Additional Parcels: No
  • Lot Features: FloodZone
  • Property Attached Yn: No
  • Flood Zone Code: AE

Rental Info

  • Pets Allowed: Size Limit
  • Pet Size: Small (16-35 Lbs.)
  • Max Pet Weight: 30
  • Minimum Lease: 3 Months
  • Approval Process: Verify process with Association Manager
  • Pet Restrictions: Please refer to condominium association documents
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Verify with Association Manager

Tax Info

  • Tax Annual Amount: 5198.02
  • Tax Book Number: 1428-1965
  • Tax Lot: 0

Multi Family

  • Waterfront Features: Bay/Harbor

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2024
Closed on
Feb 3, 2025
Sold by
Fayad Kamal and Mufti Arwa
Bought by
Smith Steven J and Smith Mary B
Seller's Agent
Jason Wood
CORCORAN DWELLINGS REALTY
Buyer's Agent
Rebecca Peterson
MICHAEL SAUNDERS & CO. - BOCA
List Price
$699,000
Sold Price
$650,000
Premium/Discount to List
-$49,000
-7.01%
Total Days on Market
71
Views
55
Current Estimated Value
$655,847

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,847
Avg. Annual Appreciation
2.84%

Purchase Details

Listed on
Jul 13, 2023
Closed on
Aug 9, 2023
Sold by
Bremmer Lavern and Bremmer Linda
Bought by
Fayad Kamal and Mufti Arwa
Seller's Agent
Joey Lamielle
RE/MAX ALLIANCE GROUP
Buyer's Agent
Jason Wood
CORCORAN DWELLINGS REALTY
List Price
$760,000
Sold Price
$710,000
Premium/Discount to List
-$50,000
-6.58%
Views
66

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.75%

Purchase Details

Listed on
Dec 3, 2021
Closed on
Mar 23, 2022
Sold by
Hyde Marsh Iv Burrell
Bought by
Bremmer Lavern and Bremmer Linda
Seller's Agent
Margaret Abbott
BRIGHT REALTY
Buyer's Agent
Joey Lamielle
RE/MAX ALLIANCE GROUP
List Price
$699,000
Sold Price
$640,000
Premium/Discount to List
-$59,000
-8.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.93%
Original Mortgage
$480,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 3, 2015
Sold by
Marsh Burrell H and Marsh Margaret E
Bought by
Marsh Burrell Hyde
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 Type Sale Price Title Company
Warranty Deed $650,000 Msc Title
Warranty Deed $710,000 None Listed On Document
Warranty Deed $640,000 Git Florida Title Services
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $480,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/03/2025 02/03/25 Sold $650,000 -7.0% $479 / Sq Ft
01/09/2025 01/09/25 Pending -- -- --
11/14/2024 11/14/24 For Sale $699,000 +7.5% $515 / Sq Ft
11/13/2024 11/13/24 Off Market $650,000 -- --
09/29/2024 09/29/24 For Sale $699,000 0.0% $515 / Sq Ft
09/25/2024 09/25/24 Pending -- -- --
06/26/2024 06/26/24 Price Changed $699,000 -0.1% $515 / Sq Ft
05/13/2024 05/13/24 Price Changed $699,900 -2.8% $516 / Sq Ft
04/19/2024 04/19/24 Price Changed $720,000 -2.0% $531 / Sq Ft
04/12/2024 04/12/24 For Sale $735,000 +3.5% $542 / Sq Ft
08/09/2023 08/09/23 Sold $710,000 -2.7% $523 / Sq Ft
07/24/2023 07/24/23 Pending -- -- --
07/21/2023 07/21/23 Price Changed $730,000 -3.9% $538 / Sq Ft
07/13/2023 07/13/23 For Sale $760,000 +18.8% $560 / Sq Ft
03/29/2022 03/29/22 Sold $640,000 -5.9% $472 / Sq Ft
02/11/2022 02/11/22 Pending -- -- --
01/21/2022 01/21/22 Price Changed $679,900 -2.7% $501 / Sq Ft
12/02/2021 12/02/21 For Sale $699,000 -- $515 / 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 $7,158 $210,731 -- --
2023 $7,158 $571,500 $0 $571,500
2022 $6,085 $520,400 $0 $520,400
2021 $5,198 $389,700 $0 $389,700
2020 $5,368 $395,900 $0 $395,900
2019 $5,438 $405,400 $0 $405,400
2018 $5,050 $375,200 $0 $375,200
2017 $5,133 $375,200 $0 $375,200
2016 $4,600 $326,300 $0 $326,300
2015 $4,652 $321,500 $0 $321,500
2014 $4,896 $307,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4519236

Stellar MLS

APN: 0129-08-2029