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$715,000

Beds
2
Baths
2.0
sq ft
1,152

5855 Midnight Pass Rd Unit 416, Sarasota, FL 34242

5855 Midnight Pass Rd Unit 416

SARASOTA, FL 34242

  • 383 days on market
Wow! Wow! Wow! RESORT STYLE LIVING on Siesta Key! **PICKEY PICKEY BUYERS WILL LOVE THIS** CURRENT OWNERS HAVE NEVER RENTED THIS UNIT OUT** The most gorgeous unit I have seen in Harbor Towers. This two bedroom/two bath PARTIALLY FURNISHED unit with gorgeous views of the intercoastal waterway and has over $100,000 in upgrades. **A/C UNIT NEW IN 2024** **WATER HEATER NEW IN 2024** What's not to love about this fourth floor unit with beautiful red oak wood engineered floors throughout, stunning granite kitchen countertops with full granite backsplash, new stainless steel appliances with double ovens, beautiful pecan wood cabinets with soft close drawers, chair rail custom designs, plantation shutters, extended living room with screen shades that keep sunlight to a minimum. The two spacious bedrooms, both with ensuites, are on opposites ends of the condo providing comfort and privacy for you and your guests. Plenty of storage for all your beach gear. The perfectly located Harbor Towers allows two-week rentals twenty-six times per year. Fantastic for investors looking for short-term rental properties or owners who want to enjoy it themselves while earning extra income when they aren't there. Harbor Towers is a gated complex that includes har-tru tennis courts, two pools, a private marina, Bayfront park with gazebo, fishing, grilling area, bike and kayak storage, fitness center and more. The generous pet policy at Harbor Towers allows owners to have up to two small pets. Enjoy living in a resort-style complex with the convenience of shopping, restaurants, and the famous Siesta Key beach nearby. All accessible without the need of a car due to the free transportation options available on Siesta Key. Enjoy the downtown Siesta Key with all of the shopping, restaurants, and the ambiance of a beach resort.(Two week rentals minimum 26 X year) )You're with in walking distance to the public beach, restaurants and shops or use any of the free transportation available on the key. Harbor Towers Yacht and Racquet Club has also been completely renovated on the interior with painting, carpeting and new lobby furniture. The plumbing stacks have recently been replaced. The Marina has new composite docks and electrical towers. The exterior is currently undergoing an extensive renovation which is soon to be completed this summer including all new hurricane impact windows and sliding glass doors in all the units, new exterior stucco and a new fresh white exterior paint color making this one of the most updated buildings on the key. If you’re not planning to live here full time, you’ll have no problem renting this space. With a two week minimum rental period at Harbor Towers, a condo as beautiful as this one and with the exceptional water views will rent quite well.

Details

Property type

Condominium

Est. home value

$631,944

Lot size

8.71 acres

Price per sq ft

$621

Year built

1976

Annual property taxes

$5,147.76

HOA

No

Price History

01/17/2025
StellarMLS

StellarMLS #A4595610

Price change
$715,000
+2.22%
06/05/2024
StellarMLS

StellarMLS #A4595610

Removed
$699,500
05/28/2024
StellarMLS

StellarMLS #A4595610

Listed
$699,500

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

Allen R Bishop

Loan start date

February 1997

Original loan amount

$49,500

Est. remaining balance

Not provided

Interest rate

7.64%

Loan type

Not Provided

Seller

Richard S Portale and Donna M Portale

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: 01/31/2025 at 8:40 PM

Listing updated: 01/31/2025 at 12:45 AM

Listed by: Tammie Pickard, PA, KW COASTAL LIVING III Phone #: (941) 900-4151

MLS: StellarMLS #A4595610

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