5970 Midnight Pass Rd #172

$475,000, 1 Bed 2 Baths 872 Sqft

About This Property

Located at the best beach in America—this one bedroom, one and a half bath unit on the Gulf side of the Palm Bay Club packs a lot of punch! The kitchen, baths, floors and furniture have been updated by the current owner in the last 4 years. It includes beach friendly tile floors throughout, granite countertops, excellent storage, and a high-end sleeper sofa. The one bedroom units are rarely available but bring in tremendous rental income. The owner grossed over $36K in 2018, $32K in 2017, $38K in 2016, and is on track to gross at least $37K in 2019… income varied based on owner usage. Palm Bay Club is a Gulf-to-Bay resort style complex with on-site rental management, 2 pools, tennis court, pickle ball court, barbecue grills, boat docks for daily rental, fishing pier, and of course - private access to the famous white powder sand of Siesta Beach. Siesta Key Village is just a short drive away to restaurants and shopping. Being sold turnkey furnished and in excellent shape, this unit is ready to go!

Essential Information

MLS® #A4432328
Price$475,000
Bedrooms1
Bathrooms2.00
Full Baths1
Half Baths1
Square Footage872
Acres0.00
Year Built1975
TypeResidential
Sub-TypeCondo
StyleOther
StatusActive

Community Information

Address5970 Midnight Pass Rd #172
SubdivisionPalm Bay Club Iii
CitySarasota
CountySarasota County
StateFL
Zip Code34242

Area

Sarasota/Crescent Beach/Siesta Key

Amenities

ParkingGuest, Open
GaragesUnder Building Parking
Is WaterfrontYes
WaterfrontGulf/Ocean

Utilities

BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Sewer Connected

Features

Clubhouse, Dock, Elevators, Fitness, Laundry Facility, Maintenance Free, Optional Additional Fees, Pool, Recreation Building, Tennis Courts, Buyer Approval Required, Deed Restricted, Fishing Pier, Water Access, Waterfront

Interior

InteriorCeramic Tile
HeatingCentral, Electric
CoolingCentral Air
# of Stories3
StoriesOne Story, Mid-rise

Interior Features

Solid Surface Counters, Thermostat, Walk-In Closet(s), Window Treatments

Appliances

Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator

Exterior

ExteriorBlock
WindowsBlinds, Drapes
RoofBuilt-Up
FoundationSlab

Exterior Features

Balcony/Sun Deck, Sliding Doors

School Information

ElementaryPhillippi Shores
MiddleBrookside
HighSarasota

Additional Information

Days on Market221

Listing Details

Office

Berkshire Hathaway Homeservices Florida Realty

Get directions to this property:

5970 Midnight Pass Rd #172, Sarasota (MLS® #A4432328) Property History

Price Reduced from $500,000 to $475,000
Price Reduced from $515,000 to $500,000

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Listing data comes from My Florida Regional MLS.

Listing information last updated on November 11th, 2019 at 1:45pm CST.

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