tomo logo

$785,000

Beds
2
Baths
2.0
sq ft
988

5950 Midnight Pass Rd Unit 317, Sarasota, FL 34242

5950 Midnight Pass Rd Unit 317

SARASOTA, FL 34242

  • 25 days on market
A Remarkable Investment Opportunity Prepare to be captivated by one of the most sought-after investment properties on Siesta Key. Nestled just steps away from world-famous Siesta Key Beach, this stunning 2-bedroom, 2-bathroom townhouse offers a private beach experience like no other. With its own private beach access, you'll feel like you've stumbled upon a hidden paradise. Upon arrival, you'll be greeted by a relaxing patio adorned with umbrellas and chairs, inviting you to savor your morning coffee or afternoon tea while basking in the Florida sunshine. With an incredible 3-day minimum rental requirement, this property offers an unbeatable opportunity to maximize your returns. Alternatively, you can choose to indulge in the ultimate Florida lifestyle by using it as your personal sanctuary, immersing yourself in the beauty and charm of Siesta Key. Siesta Beach House provides its owners and guests with exclusive access to beach chairs.These units are in high demand, consistently generating excellent income, making this a wise and lucrative investment decision. Don't let this remarkable opportunity slip through your fingers. Embrace the Siesta Key lifestyle and secure your piece of paradise today. Contact us now to make your best investment and embark on a journey of coastal bliss and financial opportunity.

Details

Property type

Townhouse

Est. home value

$745,824

Lot size

3.56 acres

Price per sq ft

$795

Year built

1957

Annual property taxes

$6,246

Monthly HOA fee

$1,079.67

Price History

06/06/2024
StellarMLS

StellarMLS #A4612258

Listed
$785,000
+118.06%
10/22/2014
StellarMLS

StellarMLS #A3986960

Sold
$360,000
+18.03%
11/16/2012
StellarMLS

StellarMLS #A3967970

Sold
$305,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool

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

Gulf Coast Bank & Trust Co

Loan start date

October 2014

Original loan amount

$288,000

Est. remaining balance

Not provided

Interest rate

4.5%

Loan type

Negative Amortization, 30 year

Seller

Michael Eliasen and Donna Eliasen

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: 07/01/2024 at 11:35 AM

Listing updated: 06/11/2024 at 3:19 PM

Listed by: Miao Whiteside, BERKSHIRE HATHAWAY HOMESERVICE Phone #: (941) 556-2150

MLS: StellarMLS #A4612258

StellarMLS logo

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