tomo logo

$1,290,000

Beds
2
Baths
2.0
sq ft
977

6312 Midnight Pass Rd Unit 702S, Sarasota, FL 34242

6312 Midnight Pass Rd Unit 702S

SARASOTA, FL 34242

  • <1 day on market
FULL, exquisite Gulf views from this top floor, corner unit located directly on beautiful Siesta Key beach. Immerse yourself in luxury and relaxation while you soak up the sunsets from this turn-key furnished condo. You'll enjoy the well appointed living and dining room combo with large sliding glass doors that invite you to your private, screened lanai. The updated kitchen features granite countertops, new stainless steel dishwasher and microwave as well as all new dishes, drinkware, cooking ware and utensils. You'll appreciate the fact that the furniture, towels, linens, televisions and décor items are all new along with the newly installed water heater 2024. The spacious primary bedroom boasts a walk-in closet, while the guest room also features stunning water views. Crescent Arms is a gated community with an on-site manager, beautiful pool and clubhouse. This community is just steps away from shopping, fine dining, fishing charters, bike and jogging paths just to name a few, which means you won't run out of activities to enjoy. This unit is an active vacation property with a fantastic rental history and proven income. Discover the Siesta Key lifestyle and find out why it is voted the #1 Beach in the USA. Experience paradise in your own backyard.

Details

Property type

Condominium

Est. home value

$1,203,479

Lot size

Unknown

Price per sq ft

$1,321

Year built

1968

Annual property taxes

$12,353.38

HOA

No

Price History

01/30/2025
StellarMLS

StellarMLS #A4636968

Listed
$1,290,000
+7.5%
06/13/2022
StellarMLS

StellarMLS #A4532891

Sold
$1,200,000
+57.89%
03/02/2017
StellarMLS

StellarMLS #A4167046

Sold
$760,000

Schools & Community

Elementary school: 

Phillippi Shores Elementary

Middle school: 

Brookside Middle

High school: 

Sarasota High

Community features: 

Gated, Clubhouse, 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

$494,827
Asking price
$1,290,000
Closing costs (~8% of asking)
-$103,200
Est. remaining loan balance
-$691,973
Cash to seller
$494,827

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

Seller’s Loan History

Lender

Blueleaf Lending Llc

Loan start date

June 2022

Original loan amount

$720,000

Est. remaining balance

$691,973

Interest rate

5.11%

Loan type

New Conventional, 30 year

Seller

Michael J Hope and Kylee Hope

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: 01/30/2025 at 8:45 PM

Listing updated: 01/30/2025 at 12:42 PM

Listed by: Jessica Uglik, PLLC, KW SUNCOAST Phone #: (941) 792-2000

MLS: StellarMLS #A4636968

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