tomo logo

$689,000

Beds
2
Baths
2.0
sq ft
1,165

5855 Midnight Pass Rd Unit 311, Sarasota, FL 34242

5855 Midnight Pass Rd Unit 311

SARASOTA, FL 34242

  • 364 days on market
    • Price drop $5,900↓
Harbor Towers presents an exceptional investment opportunity, combining luxurious living with a resort-style ambiance. This condo offers two bedrooms with en-suite bathrooms and has been thoughtfully upgraded, featuring new luxury vinyl flooring and an updated kitchen with solid wood cabinets and granite countertops, providing both comfort and elegance. Despite Sarasota facing multiple storms this year, including Tropical Storm Debbie and Hurricanes Helene and Milton, Unit 311 in Harbor Towers Yacht & Racquet Club on Siesta Key remained untouched—thanks to its newly installed hurricane-impact windows and doors, which prevented any water or storm damage. All repairs have been fully paid by recent assessments. Additionally, the building has undergone all necessary repairs identified during the engineers' Milestone Inspections, further enhancing its resilience and safety. Nestled in the tropical beauty of Siesta Key, the condo boasts breathtaking water views from one of the widest stretches of intracoastal frontage. Residents enjoy an impressive range of amenities, including a state-of-the-art fitness center, two heated pools, and three lighted Har-Tru tennis courts, all designed to enhance a lifestyle of relaxation and recreation. The inclusion of conveniences like WIFI internet access, gas grills, and a boat basin further enhances the waterfront living experience, while the Island Gazebo provides a serene spot for relaxation and dolphin watching. The proximity to Siesta Key Village for shopping and dining, as well as the complimentary access to the Siesta Key Open Air Trolley, adds to the condo's appeal as both a residence and a gateway to island living. With Siesta Key's renowned beaches just moments away and Sarasota's attractions a short drive distant, residents are truly spoiled for choice when it comes to leisure activities and cultural experiences. This condo offers a unique opportunity to live and thrive in one of the world's most renowned beach destinations while still enjoying easy access to the dynamic offerings of Sarasota. It's a chance not to be missed for those seeking the best of both worlds.

Details

Property type

Condominium

Est. home value

$649,938

Lot size

Unknown

Price per sq ft

$592

Year built

1976

Annual property taxes

$6,349

Monthly HOA fee

$638

Price History

06/05/2024
StellarMLS

StellarMLS #A4590397

Price change
$689,000
-0.85%
06/05/2024
StellarMLS

StellarMLS #A4590397

Listed
$694,900
05/25/2024
StellarMLS

StellarMLS #A4590397

Removed
$694,900

Schools & Community

Elementary school: 

Phillippi Shores Elementary

Middle school: 

Booker Middle

High school: 

Sarasota High

Community features: 

Gated, Fitness Center, Pool, Sidewalks, Tennis Court(s)

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Beach Paradise Llc

Loan start date

December 2021

Original loan amount

$150,000

Est. remaining balance

Not provided

Interest rate

3.14%

Loan type

Balloon

Seller

Dennis E Ward and Michele Iannello Ward

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/22/2024 at 3:25 PM

Listing updated: 11/09/2024 at 9:48 AM

Listed by: Jennifer Thompson, PA, WILLIAM RAVEIS REAL ESTATE Phone #: (941) 867-3901

MLS: StellarMLS #A4590397

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