tomo logo

$750,000

Beds
2
Baths
2.0
sq ft
1,152

5855 Midnight Pass Rd Unit 520, Sarasota, FL 34242

5855 Midnight Pass Rd Unit 520

SARASOTA, FL 34242

  • 2 days on market
Wow, WHAT A VIEW! Gulf and sunset views from both bedrooms and the living room of this 5th-floor condo. Beautifully turnkey furnished, this large 2 bedroom, 2 bath condo boasts a double master layout, an extended living room/sunroom, and a gorgeously updated kitchen with stainless steel appliances and granite counter tops. Both bathrooms have also been exquisitely updated to maximize space and comfort. In addition to these interior updates, both bedrooms are furnished with king beds and there is a full sleeper sofa in the living room for added guests. There is also an on-site storage unit in the building that accommodates this unit. The exterior of the building recently underwent an extensive structural upgrade program that included all new hurricane impact windows and sliding glass doors for every unit. Additionally, the entire building has new exterior stucco and paint making this one of the most updated buildings on the island. Harbor Towers Yacht & Racquet is a pet-friendly bay front condominium complex with tons of resort-style amenities, including: 2 heated pools, newer fitness center, his/her saunas, 3 Har-Tru tennis courts, outdoor BBQ grilling patio, bike storage, kayak storage/launch and a beautiful marina to dock your boat (slips available first come first serve basis). Relax or fish along the intracoastal waterway. Walk to the World-Famous Siesta Key Beach to catch some rays and watch the sunset, or take the Siesta Key trolley to the village to enjoy dining, shops, and live entertainment. Live here year-round or choose to only come for part of the year. With a two-week minimum rental period and onsite rental program, you can recoup some of your carrying costs while you’re not here. DON’T WAIT! Schedule your showing now! Island-style living starts here. 360 virtual tour is also available.

Details

Property type

Condominium

Est. home value

$659,765

Lot size

Unknown

Price per sq ft

$652

Year built

1976

Annual property taxes

$5,396

HOA

No

Price History

01/29/2025
StellarMLS

StellarMLS #A4637523

Listed
$750,000
+76.47%
01/14/2021
StellarMLS

StellarMLS #A4485320

Sold
$425,000
+13.94%
08/19/2015
StellarMLS

StellarMLS #A4123069

Sold
$373,000
+29.74%

Schools & Community

Elementary school: 

Phillippi Shores Elementary

Middle school: 

Brookside Middle

High school: 

Sarasota High

Community features: 

Gated, Clubhouse, Fitness Center, Pool, Sidewalks, 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

$399,925
Asking price
$750,000
Closing costs (~8% of asking)
-$60,000
Est. remaining loan balance
-$290,075
Cash to seller
$399,925

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

Seller’s Loan History

Lender

Synovus Bank

Loan start date

February 2021

Original loan amount

$318,750

Est. remaining balance

$290,075

Interest rate

2.66%

Loan type

New Conventional, 30 year

Seller

Christopher James Gray and Jessica Louie

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?

Similar Homes Nearby

StellarMLS
$715,000
2 bd
|
2 ba
|
1,152 sq ft
|
Condo

5855 Midnight Pass Rd Unit 416, Sarasota, FL 34242

StellarMLS
$689,000
2 bd
|
2 ba
|
1,165 sq ft
|
Condo

5855 Midnight Pass Rd Unit 311, Sarasota, FL 34242

StellarMLS
$699,000
2 bd
|
2 ba
|
1,706 sq ft
|
Condo

5531 Cannes Cir Unit 802, Sarasota, FL 34231

Status: Active

Tomo last checked: 01/31/2025 at 6:35 PM

Listing updated: 01/31/2025 at 10:18 AM

Listed by: Shana Hamel, PLLC, COMPASS FLORIDA LLC Phone #: (305) 851-2820

MLS: StellarMLS #A4637523

StellarMLS logo