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$759,000

Beds
2
Baths
2.0
sq ft
1,152

5855 Midnight Pass Rd Unit 404, Sarasota, FL 34242

5855 Midnight Pass Rd Unit 404

SARASOTA, FL 34242

  • 28 days on market
Welcome to Harbor Towers Yacht & Racquet Club, where luxury meets the laid-back charm of Florida’s beautiful Gulf Coast! This beautifully furnished 2-bedroom, 2-bath condo is your gateway to paradise, with an incredible view of the Intracoastal Waterway and resort-style amenities right at your doorstep. Perfectly positioned in a gated waterfront community, this home invites you to experience waterfront living with a spacious, open floor plan filled with natural light and spectacular views of the pool, marina, and Intracoastal. The condo’s interior is designed for comfort and style, with updated kitchen and luxury vinyl flooring throughout. Both bedrooms are well-appointed, with large windows that fill the space with light. The primary bedroom includes an en-suite bath, plenty of closet space, and easy access to the Florida room. The guest bedroom and second bath offer comfort and privacy, making this condo perfect for hosting or renting out. The condo is sold turnkey furnished—right down to the dishes and electronics—so it’s ready for immediate use or rental, saving you time and hassle. Harbor Towers puts you in the heart of the best Siesta Key has to offer, with an abundance of dining, shopping, and nightlife options accessible by a free trolley that stops right outside the community. For those who love sports, there are three Har-Tru tennis courts where you can work on your backhand, a modern fitness center, and a sauna for unwinding after a workout. The community also features two beautiful pools with spacious sun decks where you can lounge in the Florida sunshine. The condo's location along the Intracoastal Waterway adds an extra layer of excitement for water enthusiasts. With over 40 boat slips available on a first-come, first-serve basis, you can bring your boat along to explore the Gulf waters at just $3 per foot per month. If kayaking or paddleboarding is more your style, there’s convenient storage for both bikes and kayaks, so your gear is always close at hand. A private marina and island gazebo offer serene spots for watching boats drift by or for glimpsing the local wildlife. For those looking to offset ownership costs, the condo's prime location and Siesta Key's steady vacation rental demand make this a superb investment opportunity. With flexible rental options and a minimum two-week rental policy, you can maximize your income potential, especially with Harbor Towers’ on-site rental management program. Rent roll details are available upon request, so you can plan your rental strategy with confidence. Seller has paid the entire assessment so you can enjoy the beautiful new building upgrades, including impact windows and sliding doors, at no additional cost!!! This Harbor Towers Yacht & Racquet Club condo is your chance to own a slice of paradise on Siesta Key. With the perfect blend of luxury, convenience, and breathtaking natural beauty, this home is ready to provide endless memories, stunning sunsets, and the very best of coastal living. Don't miss this outstanding opportunity—schedule your tour today and start living the dream on Siesta Key!

Details

Property type

Condominium

Est. home value

$625,115

Lot size

Unknown

Price per sq ft

$659

Year built

1976

Annual property taxes

$2,443

Monthly HOA fee

$660

Price History

11/25/2024
StellarMLS

StellarMLS #A4628726

Listed
$759,000
+16.77%
09/07/2023
StellarMLS

StellarMLS #A4554855

Sold
$650,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

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

Negotiation Insights

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

Seller could get up to

$249,153
Asking price
$759,000
Closing costs (~8% of asking)
-$60,720
Est. remaining loan balance
-$449,127
Cash to seller
$249,153

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

A&D Mortgage Llc

Loan start date

August 2023

Original loan amount

$455,000

Est. remaining balance

$449,127

Interest rate

6.96%

Loan type

New Conventional, 30 year

Seller

Binu Philip and Mable Philip

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: 12/22/2024 at 9:30 PM

Listing updated: 12/10/2024 at 11:09 AM

Listed by: Christa Spalding, COLDWELL BANKER REALTY Phone #: (941) 349-4411

MLS: StellarMLS #A4628726

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