NOT LISTED FOR SALE

Sarasota, FL 34242

Estimated Value: $579,097 - $646,000

2 Beds
2 Baths
1,010 Sq Ft
$1,265/mo HOA Fee

Last Sold May 31, 2024

Last sale price $685,000 $678 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $5,099/month

10 Days on Market

Highlights

  • Access To Intracoastal Waterway
  • Fitness Center
  • View of Trees or Woods
  • Phillippi Shores Elementary School Rated A
  • In Ground Pool
  • Clubhouse

About This Home

As of May 2024

Experience the ultimate beach lifestyle at Midnight Cove on Siesta Key. This meticulously maintained 2Bed 2Bath Condo offers both the pristine cove views and an exclusive private beach escape. Enjoy the modern comforts throughout with stainless steel appliances in the updated kitchen and a spacious Open Living/Dining space. The master King suite provides ample storage, while the second bedroom is ideal for your guests or family. With a thriving rental history and bookings secured for 2024 and into next Year, this property promises lucrative investment potential. Midnight Cove offers all the resort-style amenities including two heated pools, tennis courts, picnic areas, and boat docks amidst lush tropical landscaping.... and that incredible white sand beach with those unforgettable Sunsets. Don't miss out on this perfect Getaway opportunity with the added bonus of excellent investment returns!

Last Agent to Sell the Property

Steven McNally

ENGEL + VOELKERS SARASOTA Brokerage Phone: 941-346-7454 License #3318903 Listed on: 04/15/2024

ENGEL + VOELKERS SARASOTA

Last Buyer's Agent

Denise Mattmuller

PREMIER SOTHEBY'S INTERNATIONAL REALTY License #3134628

PREMIER SOTHEBY'S INTERNATIONAL REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,500

Year Built

  • Built in 1979

Lot Details

  • Property fronts a saltwater canal
  • West Facing Home

HOA Fees

  • $1,265 Monthly HOA Fees

Property Views

  • Woods
  • Canal

Home Design

  • Slab Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,010 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Window Treatments
  • Sliding Doors
  • Combination Dining and Living Room

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • 1 Carport Space
  • 1 Parking Garage Space

Outdoor Features

  • In Ground Pool
  • Access To Intracoastal Waterway
  • Access to Saltwater Canal
  • No Wake Zone

Utilities

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

Listing and Financial Details

Community Details

Overview

  • Association fees include 24-Hour Guard, cable TV, pool, maintenance structure, ground maintenance, management, pest control, security, sewer, trash
  • Progressive Community Mgmt S. Raniere Association, Phone Number (941) 921-5393
  • Visit Association Website
  • Mid-Rise Condominium
  • Midnight Cove Bayside Community
  • Midnight Cove Bayside Subdivision
  • The community has rules related to deed restrictions

Amenities

  • Clubhouse
  • Community Mailbox

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool

Pet Policy

  • 2 Pets Allowed
  • Dogs and Cats Allowed
  • Breed Restrictions
  • Large pets allowed

Security

  • Security Guard

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,500

Year Built

Built in 1979

Lot Details

0

HOA Fees

$1,265 per month

Listing Details

  • HOA Fee Includes: Guard - 24 Hour, Cable TV, Pool, Maintenance Structure, Maintenance Grounds, Management, Pest Control, Security, Sewer, Trash
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Stucco
  • Fireplace: No
  • Living Area: 1010
  • New Construction: No
  • Year Built: 1979
  • Building Area Total: 1010
  • Directions to Property: Take the Stickney Point Bridge (the South Bridge) onto Siesta Key and turn right onto Midnight Pass Road - Midnight Cove is the 2nd driveway on the right and it comes up quickly. Parking is available to the left near the Office - You will require a Gate Code to enter the property and Building 8 will be on the left. Guest Parking is available in any of the uncovered spots. Listing Agent will arrange to meet you there.
  • Status: Sold
  • Ownership: Condominium
  • ResoBuildingAreaSource: Owner
  • Available for Lease YN: 1
  • Escrow State: FL
  • Floor Number: 2
  • List Office Head Office Key Nume: 1046883
  • Minimum Lease: 1 Week
  • Number Of Pets: 2
  • RATIO Current Price By Calculate: 678.22
  • Total Acreage: Non-Applicable
  • Unit Number YN: 0
  • Water Access YN: 1
  • Property Description: Mid Rise
  • MFR_NumAssignedParkingSpaces: 1
  • MFR_InLawSuiteYN: 0
  • MFR_CommunityAssociationWaterFeatures: Bay/Harbor Front,Boat Slip,Canal Front,Dock,Gulf/Ocean Front,Intracoastal Waterway,Waterfront
  • Attribution Contact: 941-346-7454
  • Tax Year: 2023
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Living Room/Dining Room Combo, Primary Bedroom Main Floor, Solid Surface Counters, Thermostat, Window Treatments
  • Appliances Included: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 1
  • Street Number Modifier: 6370
  • ResoLivingAreaSource: Owner
  • Living Area Meters: 93.83
  • Room Count: 6

Exterior Features

  • Direction Faces: West
  • Pool Features: In Ground
  • Exterior Features: Sliding Doors
  • Roof: Shingle
  • Pool Private: No
  • View: Trees/Woods, Water
  • Waterfront: Yes
  • Road Surface Type: Concrete, Other
  • Water Access: Canal - Saltwater,Intracoastal Waterway
  • Water Extras: No Wake Zone
  • Water Extras YN: 1
  • Water View: Canal
  • Water View YN: 1
  • Waterfront Feet Total: 0

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 1
  • Carport Y N: Yes
  • Garage Yn: No

Utilities

  • Utilities: Cable Connected, Electricity Connected, Phone Available, Public, Sewer Connected, Street Lights, Water Connected
  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Electric Dryer Hookup, Inside, Laundry Closet, Washer Hookup
  • Sewer: Private Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse, Community Mailbox, Deed Restrictions, Fitness Center, Gated Community - Guard, Pool, Tennis Courts
  • Association Fee: 1265
  • Association Fee Frequency: Monthly
  • Association Name: Progressive Community Mgmt- S. RANIERE
  • Phone: 941-921-5393
  • Association: Yes
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Pet Restrictions: Owners Only - No Pets for Rentals
  • Association Fee Requirement: Required
  • Condo Fees: 0
  • Montly Maint Amt Addition To HOA: 0
  • Association Email: sraniere@pcmfla.com
  • Pet Size: Large (61-100 Lbs.)
  • Association URL: PCMFLA.COM

Fee Information

  • Total Annual Fees: 15180.00
  • Total Monthly Fees: 1265.00
  • Monthly HOA Amount: 1265.00

Lot Info

  • Zoning: RMF3
  • Parcel Number: 0108-01-3039
  • Additional Parcels: No
  • Property Attached Yn: Yes
  • Flood Zone Code: AE
  • Homestead YN: 0
  • Lot Size Square Meters: 0

Green Features

  • Green Verification Count: 0

Rental Info

  • Pets Allowed: Breed Restrictions, Cats OK, Dogs OK
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: See Association Docs
  • Month To Month Or Weekly YN: 1

Tax Info

  • Tax Annual Amount: 5500
  • Tax Block: 8
  • Tax Book Number: 10-40
  • Tax Lot: 0

Multi Family

  • Waterfront Features: Canal - Saltwater
  • Approval Process: Application - Process Required

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 8, 2025
Sold by
Wesley U Shin Living Trust and Maren M Rodmorduc Living Trust
Bought by
Mc Go Blue 821 Llc
Current Estimated Value
$620,774

Purchase Details

Listed on
Apr 15, 2024
Closed on
Jun 7, 2024
Sold by
Shin Wesley U and Rosmorduc Maren M
Bought by
Wesley U Shin Living Trust and Maren M Rosmorduc Living Trust
Seller's Agent
Steven McNally
ENGEL + VOELKERS SARASOTA
Buyer's Agent
Denise Mattmuller
PREMIER SOTHEBY'S INTERNATIONAL REALTY
List Price
$750,000
Sold Price
$685,000
Premium/Discount to List
-$65,000
-8.67%
Views
32

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.33%

Purchase Details

Listed on
Apr 15, 2024
Closed on
May 31, 2024
Sold by
Noseworthy Gordon and Stratton Faith
Bought by
Shin Wesley U and Rosmorduc Maren M
Seller's Agent
Steven McNally
ENGEL + VOELKERS SARASOTA
Buyer's Agent
Denise Mattmuller
PREMIER SOTHEBY'S INTERNATIONAL REALTY
List Price
$750,000
Sold Price
$685,000
Premium/Discount to List
-$65,000
-8.67%
Views
32

Purchase Details

Closed on
Jul 17, 2009
Sold by
Genualdi Frank and Genualdi Michele
Bought by
Noseworthy Gordon and Stratton Faith

Purchase Details

Closed on
Sep 29, 2004
Sold by
Elsamman Sam M
Bought by
Genualdi Frank and Genualdi Michele

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
4.87%
Mortgage Type
Unknown

Purchase Details

Closed on
May 7, 2001
Sold by
Bruce Fay and Bruce Fay C
Bought by
Elsamman Sam M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
6.95%
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
Mc Go Blue 821 Llc $100 None Listed On Document
Wesley U Shin Living Trust $100 None Listed On Document
Shin Wesley U $675,000 None Listed On Document
Noseworthy Gordon $350,000 Gold Key Title Lc
Genualdi Frank $395,000 --
Elsamman Sam M $235,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Genualdi Frank $205,000
Previous Owner Genualdi Frank $205,000
Previous Owner Elsamman Sam M $188,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2024 05/31/24 Sold $685,000 -5.5% $678 / Sq Ft
04/26/2024 04/26/24 Pending -- -- --
04/15/2024 04/15/24 Price Changed $725,000 -3.3% $718 / Sq Ft
04/15/2024 04/15/24 For Sale $750,000 -- $743 / 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 $5,501 $418,067 -- --
2023 $5,501 $485,500 $0 $485,500
2022 $5,005 $432,200 $0 $432,200
2021 $4,207 $314,100 $0 $314,100
2020 $4,116 $301,000 $0 $301,000
2019 $4,128 $308,300 $0 $308,300
2018 $3,725 $274,200 $0 $274,200
2017 $3,730 $269,800 $0 $269,800
2016 $3,502 $246,200 $0 $246,200
2015 $3,291 $223,800 $0 $223,800
2014 $3,404 $206,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Steven McNally

    Seller's Agent in 2024

    Steven McNally

    ENGEL + VOELKERS SARASOTA

    (941) 323-2218

    11 in this area

    21 Total Sales

    Steven McNally
    Section Image
  • Denise Mattmuller

    Buyer's Agent in 2024

    Denise Mattmuller

    PREMIER SOTHEBY'S INTERNATIONAL REALTY

    (941) 232-8055

    5 in this area

    130 Total Sales

    Denise Mattmuller
    Section Image
See All Agents

Source: Stellar MLS

MLS Number: A4606769

Stellar MLS

APN: 0108-01-3039

Florida Sarasota County Sarasota

34242

This home since 15 April 2024 and is currently estimated at $620,774, approximately $614 per square foot. This property was built in 1979. This home 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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