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About this home
5966 Midnight Pass Rd #G118 is a 1970-built home in Palm Bay Club I, Sarasota. Inside you'll find 1 bedrooms, 1 bathrooms, and 864 square feet of living space. Listed at $1,075,000 (about $1,244/sqft), 319 days on market. Flood zone AE - confirm flood insurance requirements with your lender. Condo dues run $1,039 monthly.
Experience breathtaking, panoramic Gulf of Mexico views from this one of a kind penthouse-level residence with direct beach frontage! Located in the coveted Gulf-Front Tower at the Palm Bay Club on Siesta Key! Sitting high above the shoreline, you'll have the opportunity to experience amazing Siesta Key Sunsets like never before! This rare opportunity features a bright, open layout with a welcoming foyer, crown molding, and tile flooring throughout. The spacious kitchen includes granite countertops, trey ceiling detail, breakfast-bar seating, and a direct backdrop of the shimmering Gulf. The utility room adds valuable convenience and storage. Resort-style amenities include private deeded beach access, beach chairs, two heated pools (including one beachside), a large hot tub, barbecue areas, bayside fishing pier, lighted tennis & pickleball courts, fitness center, complimentary WiFi, 24-hour security and more. With excellent rental potential and a 3-day minimum rental program, this residence is ideal as a high-performing investment, seasonal escape, or full-time coastal retreat. Offering the best of both worlds with flexibility to make a nice income while still enjoying it personally. The onsite rental management provides an effortless, hands-off experience. Enjoy the island lifestyle just minutes from Siesta Key Village’s boutiques and restaurants, and a short drive to Downtown Sarasota’s vibrant arts and dining scene.
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The essentials
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Details
Districts can re-zone, so verify directly with the district before relying on these.
Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
Price history
Neighborhood
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Sample: 104 closed condo sales in 34242 over the last 8 months, Stellar MLS. A starting point, not a guarantee.
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. HOA includes any condo dues reported on the listing. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.
Quick answers.
Price
$1,075,000
$1,244 per sq ft
Beds and baths
1 beds, 1 baths
Size
864 sq ft
Time on market
319 days
Year built
1970
Monthly payment
About $7,976/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $9,506 annual tax bill, insurance, and $1,039/mo in condo dues.
Condo dues
$1,039/mo
Managed by Palm Bay Club Association/Tammy Calhoun.
Flood zone
Zone AE
That is a high-risk designation, so a lender will normally require flood insurance. Confirm the current rate before you write an offer.
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