tomo logo

$550,000

Beds
2
Baths
2.0
sq ft
1,476

5940 Pelican Bay Plz S Unit 1005, Gulfport, FL 33707

5940 Pelican Bay Plz S Unit 1005

GULFPORT, FL 33707

  • <1 day on market
Luxurious Modern High-Rise with Stunning Waterfront Views. Experience the pinnacle of sophisticated modern living at 5940 Pelican Bay S, located at the epicenter of Pasadena Yacht and Country Club, a gated waterfront boating and golf resort community. Upon arriving, you’ll find this breathtaking 2-bedroom, 2-bathroom high-rise condo located on the 10th floor. Offering sweeping waterfront views and spectacular sunrises from this home’s not one, but two private balconies that can be accessed from the great room and both spacious bedrooms! Relax, entertain, or simply soaking up the beauty of the amazing vistas of St Pete Beach, Boca Ciega Bay and the Gulf! Inside, every detail has been meticulously crafted. The open-concept living and dining area is highlighted by expansive glass doors, allowing natural light to flood the space while offering seamless access to the balconies. The high-gloss cabinetry throughout the kitchen adds a touch of modern elegance, complemented by the sleek tile flooring and contemporary wood & glass doors that enhance the stunning atmosphere. The condo is uniquely designed with two spacious primary bedrooms, each featuring walk-in closets and spa-like bathrooms that boast high-end finishes, creating a tranquil retreat after a long day. There is ample storage space and laundry area conveniently located in between the two bedrooms making life easy to manage. Pet-friendly and ideal for those who love to host, this condo offers the perfect balance of serenity and functionality. Whether you’re lounging on one of your balconies or entertaining guests in the spacious living areas, this is a place where every moment feels like a getaway. With the added benefits of a gated community and a guard on duty, you’ll have peace of mind with private luxury living. The unit includes a reserved garage parking space no. 136. Stately Building B has secured entrances and an impressive 2 story lobby w/spiral staircase, billiards, library & the Captains Quarters community room! The common area is budgeted for renovations and the committee is in process of starting the project - watch your property value appreciate! The park-like grounds, tranquil pond with lit flowing fountain, heated & chilled pool, in-ground spa, saunas, clubhouse & pickle ball courts will help you relax! Pasadena Yacht & Country Club is the only Historic Championship Golf Course and waterfront marina community you will find. The new owner of this home will have the amazing opportunity to jump to the top of the long wait list and become a member of this exclusive club! Enjoy excellent amenities of the Pasadena Yacht & Country Club – golf course, health club, olympic size heated waterfront pool, tennis courts, an 82 slip marina, fine dining, casual dining, and a poolside bar. This modern condo is walkable to the friendly and quirky quintessential beach town of Gulfport. Experience all that Gulfport has to offer from the beach, restaurants, bars, night life, art fairs, shopping, community center, and William's pier. A quick drive to the Tampa Bay airport or PIE, St Pete/Clearwater airport, awarded world famous beaches, fine art galleries, daily shows, and restaurants. Don’t miss the opportunity to own this extraordinary property that truly has its all-stunning views ,exceptional design, and an unrivaled lifestyle. Come see how easy waterfront living can be!

Details

Property type

Condominium

Est. home value

$519,058

Lot size

1.64 acres

Price per sq ft

$373

Year built

1983

Annual property taxes

$4,098.87

HOA

Yes

Price History

02/21/2025
StellarMLS

StellarMLS #TB8352623

Listed
$550,000
-14.06%
05/07/2024
StellarMLS

StellarMLS #U8224843

Removed
$640,000
02/15/2024
StellarMLS

StellarMLS #U8224843

Listed
$640,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated, Golf, Pool, Sidewalks

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

$387,345
Asking price
$550,000
Closing costs (~8% of asking)
-$44,000
Est. remaining loan balance
-$118,655
Cash to seller
$387,345

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

January 2021

Original loan amount

$155,000

Est. remaining balance

$118,655

Interest rate

2.26%

Loan type

New Conventional, 15 year

Seller

Catherine Marie Covington and Catherine Marie Covington Revocable Tr

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?

Status: Active

Tomo last checked: 02/22/2025 at 1:05 PM

Listing updated: 02/22/2025 at 9:50 AM

Listed by: Nancy Baraky, KELLER WILLIAMS ST PETE REALTY Phone #: (727) 894-1600

MLS: StellarMLS #TB8352623

StellarMLS logo

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