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$869,000

5962 Midnight Pass Road Sarasota, FL 34242 Residential - Condominium Pending

  • 5962 Midnight Pass Road, Unit 129, Sarasota, FL 34242 Main Photo

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Description

With $70,000+ in gross revenue on the books for 2025 at a 74% occupancy rate, welcome to Palm Bay Club #129! Investor? End user? Hybrid of the two perhaps? Gulfside Club-Units at Palm Bay Club rarely hit the open market. Only two have sold publicly in the last two years, with most trading off-market if they trade at all. This Corner Club Unit', #129, is a rare chance to own one of these. The corner unit layout brings in additional natural light, coastal privacy, and a residential feel. The renovation is elevated throughout with custom offset tile in every room, granite counters in the kitchen and both baths, tiled shower walls, feature accents, leather furnishings, and a new stainless refrigerator. The style is clean, modern, and unmistakably coastal. And the location? Steps to the white sand of Siesta Key Beach without crossing Midnight Pass Rd, and positioned perfectly between the beach, the Gulfside pool, and the tennis courts. It's the easiest kind of Siesta living. With Palm Bay Club's short-term rental flexibility and full on-site management, 129 works seamlessly as a personal retreat or an effortless income property to add to your portfolio. Offered turnkey furnished for the right offer means rental income never misses a beat unless by your design!

Property Highlights

Property Type: Residential - Condominium
Cooling: Central Air
Heating: Central
Lot Size: 2.27 Acres
Roof Type: Membrane
Stories: 1.0
Taxes: $8,828
Year Built: 1975

General Information

Bedrooms: 2
Bathrooms: 2 Full
Sqft: 1,268
County: Sarasota
Subdivision: PALM BAY CLUB III
Listed By:
Brian Loebker MICHAEL SAUNDERS & COMPANY 941-349-3444

Amenities

Ceiling Fans(s)
Open Floorplan
Split Bedroom
Walk-In Closet(s)
Sliding Doors

Property Features

Appliances: Dishwasher, Dryer, Range, Range Hood, Refrigerator, Washer
Association Amenities: Clubhouse, Elevator(s), Fitness Center, Gated, Pool, Recreation Facilities, Storage, Tennis Court(s)
Community Features: Buyer Approval Required, Fitness Center, Gated Community - No Guard, Golf Carts OK, Pool, Tennis Court(s)
Condo Fee: $5063/ Quarterly
Days on Site: 101
Directions: From Midnight Pass Road turn West into Palm Bay Club. Building 5962 will be the first on your right as you pass the pool.
Exterior: Stucco
Flood Zone Code: AE
Flooring: Tile
Foundation: Slab
Frontage Gulf Ocean: 280
HOA Y/N: Yes
Home Warranty Y/N: No
Lot Dimensions: 2.27
Ownership: Fee Simple
Patio/Porch: Covered, Screened
Pets Allowed: No
Property Attached Y/N: No
Property Sub-Type: Condominium
Sewer: Public Sewer
Showing Instructions: Call Listing Agent, ShowingTime
Special Sale Provisions: None
Special View Info: Water
Utilities: Electricity Connected, Water Connected
Water: Public
Water Access: Gulf/Ocean to Bay
Water Access Y/N: Yes
Waterfront Features: Gulf/Ocean
Water View: Gulf/Ocean - Partial
Zoning: RMF3
$869,000
2beds
2.0baths
1,268sqft
Pending
BEDS2 BATHS2 full SQUARE FEET1,268 MLS#A4672593
STATUSPending PROPERTY TYPEResidential - Condominium SUBDIVISIONPALM BAY CLUB III

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5962 Midnight Pass Road, Unit 129, Sarasota, FL 34242.

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Estimated Payment

$ 3,920.12 per month $2,930.99 Principal & Interest $735.67 Property Tax $253.46 Homeowner's Insurance

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About this area

Florida/Sarasota
Sarasota

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About Sarasota

Sarasota, FL is a cultural gem. Once home to the Ringling Brothers Circus, Sarasota boasts a rich arts scene that brings people from all over the area to enjoy world-class theater, music, and other performing arts. Sarasota is also a haven with spectacular scenery, turquoise water and white sandy beaches. It offers a delightful downtown with a variety of small boutiques and exceptional restaurants. With its dynamic culture and arts scene and incredible natural beauty, Sarasota is a wonderful place to call “home.” 

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