tomo logo

$799,000

Beds
2
Baths
3.0
sq ft
988

5950 Midnight Pass Rd Unit 311, Sarasota, FL 34242

5950 Midnight Pass Rd Unit 311

SARASOTA, FL 34242

  • 224 days on market
    • Price drop $20,000↓
Experience the epitome of vacation living at this turn-key furnished 2-bed, 3-bath retreat nestled in sunny Siesta Key. Designed as a townhome-style condo, Siesta Beach House offers comfort, style, and ample space for all. With no roads to cross, enjoy direct private beach access just steps away. Allocated parking ensures convenience for guests. Step inside to discover a spacious two-level floorplan with large windows and tall ceilings, creating a bright and welcoming atmosphere. The cozy bedrooms are located upstairs, providing a perfect place to rest after a day of beach adventures. Each bedroom has its own fully equipped bathroom. Plus, enjoy the convenience of a third full bathroom downstairs. Outside, unwind on the charming patio with outdoor furnishings, and take advantage of the community grilling area for alfresco dining. Cool off in style at the community pool or soak up the sun on the deck. With iconic stops like Siesta Key Village within reach, shopping and dining are just moments away from this idyllic retreat. Perfect for 1-7 day rentals and ideal for investors seeking a lucrative opportunity in the vacation rental market. Rental history available.

Details

Property type

Condominium

Est. home value

$800,718

Lot size

Unknown

Price per sq ft

$809

Year built

1957

Annual property taxes

$6,246

Monthly HOA fee

$1,066.67

Price History

07/31/2024
StellarMLS

StellarMLS #A4598955

Listed
$799,000
07/31/2024
StellarMLS

StellarMLS #A4598955

Removed
$799,000
07/03/2024
StellarMLS

StellarMLS #A4598955

Price change
$799,000
-2.44%

Schools & Community

Elementary school: 

Phillippi Shores Elementary

Middle school: 

Brookside Middle

High school: 

Sarasota High

Community features: 

Clubhouse

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

$471,080
Asking price
$799,000
Closing costs (~8% of asking)
-$63,920
Est. remaining loan balance
-$264,000
Cash to seller
$471,080

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

Seller’s Loan History

Lender

Crosscountry Mortgage Llc

Loan start date

June 2021

Original loan amount

$284,000

Est. remaining balance

$264,000

Interest rate

2.98%

Loan type

New Conventional, 30 year

Seller

Andrew David Levers and Margaret Ellen Carlile

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: 09/20/2024 at 10:50 AM

Listing updated: 07/31/2024 at 4:15 PM

Listed by: David Liberatore PLLC, BETTER HOMES & GARDENS REAL ES Phone #: (941) 556-9100

MLS: StellarMLS #A4598955

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