tomo logo

$430,000

Beds
1
Baths
1.0
sq ft
846

8911 Midnight Pass Rd Unit 111, Sarasota, FL 34242

8911 Midnight Pass Rd Unit 111

SARASOTA, FL 34242

  • 220 days on market
    • Price drop $20,000↓
No Flooding or water intrusion from Hurricane Helene or Milton! Welcome to your slice of paradise on Siesta Key! This delightful Sunrise Cove waterfront condo offers the perfect blend of relaxation and recreation. Turnkey furnished, this 1 bedroom/1 bath ground floor unit is a coastal gem. Step inside and be greeted by an open floor plan that seamlessly connects the living, dining, and kitchen areas. The updated kitchen boasts solid hardwood cabinets, granite countertops and stainless-steel appliances. Crown molding adds an elegant touch throughout the space. The spacious living room features pull out couches with upgraded mattresses, ensuring comfort for all your guests. The primary bedroom also includes a large custom designed walk-in closet to suit all of your storage needs. Enjoy the slider enclosed Florida room which provides versatility, allowing you to enjoy it as indoor or outdoor space, and offers stunning bay views where you can watch dolphins frolic near the seawall. Other updates include a newer HVAC (2020) and a new hot water heater (2023). Appreciate the convenience of an assigned covered parking spot, a storage unit, and plenty of guest parking. The community amenities are second to none, offering beach access directly across the street, rentable boat docks, tennis and pickleball courts, two heated pools, a grill and picnic area, a kayak/paddle board storage and launch area, a clubhouse, game room and fitness space (currently being remodeled). With an onsite manager and rental management company, this unit can be used as a vacation home or seasonal rental making it a versatile investment opportunity. Just a few steps away from Turtle Beach and conveniently located along the Siesta Key Trolley route, you'll have easy access to all the island has to offer. Whether you prefer to relax by the pool, take advantage of the boating and water sports opportunities, or simply bask in the natural beauty of the area, this condo offers the ultimate coastal lifestyle. Don't miss out on the chance to own a piece of Siesta Key paradise. Schedule a showing today and experience the waterfront living you've been dreaming of! Check out the 360 tour here:https://my.matterport.com/show/?m=kUGX9fChvhU

Details

Property type

Condominium

Est. home value

$440,256

Lot size

Unknown

Price per sq ft

$509

Year built

1973

Annual property taxes

$3,977

HOA

Yes

Price History

09/11/2024
StellarMLS

StellarMLS #A4611037

Price change
$430,000
-4.44%
05/17/2024
StellarMLS

StellarMLS #A4611037

Listed
$450,000
+0.02%
04/30/2024
StellarMLS

StellarMLS #A4599605

Removed
$449,900

Schools & Community

Elementary school: 

Phillippi Shores Elementary

Middle school: 

Brookside Middle

High school: 

Sarasota High

Community features: 

Clubhouse, Fitness Center, Pool, 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

$166,863
Asking price
$430,000
Closing costs (~8% of asking)
-$34,400
Est. remaining loan balance
-$228,737
Cash to seller
$166,863

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

Seller’s Loan History

Lender

Guaranteed Rate Affinity Llc

Loan start date

February 2020

Original loan amount

$253,000

Est. remaining balance

$228,737

Interest rate

3.73%

Loan type

New Conventional, 30 year

Seller

Joseph J Phalen and Michelle S Phalen

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: 12/22/2024 at 7:10 PM

Listing updated: 10/17/2024 at 12:24 PM

Listed by: Shana Hamel, PLLC, COMPASS FLORIDA LLC Phone #: (941) 265-7692

MLS: StellarMLS #A4611037

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