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5966 Midnight Pass Rd
Sarasota, FL 34242 South Sarasota

$1,150,000 USD

Hotel Condo For Sale  •  864 SF

Property Details

  • Property Type Hotel
  • Total Building Size 453,258 SF
  • Lot Size 8.61 AC
  • Building Class B
  • Year Built 1970
  • Zoning RMF3
0 Transit Score
17 Walk Score

1 Unit Available

Name Condo Use Size Price Details
Unkwn Floor - Unit G 118 Retail 864 SF $1,150,000 USD
  • Unit Size: 864 SF
  • Condo Use: Retail
  • Price: $1,150,000 USD
  • Sale Type: Investment
  • Price/SF: $1,331.02 USD
Description
Experience breathtaking, panoramic Gulf of Mexico views from this one of a kind penthouse-level residence. Located in the coveted Gulf-Front Tower at the Palm Bay Club on Siesta Key! Sitting high above the shoreline, you'll have the opportunity to experience amazing Siesta Key Sunsets like never before! This rare opportunity features a bright, open layout with a welcoming foyer, crown molding, and tile flooring throughout. The spacious kitchen includes granite countertops, trey ceiling detail, breakfast-bar seating, and a direct backdrop of the shimmering Gulf. The utility room adds valuable convenience and storage.    Resort-style amenities include private deeded beach access, beach chairs, two heated pools (including one beachside), a large hot tub, barbecue areas, bayside fishing pier, lighted tennis & pickleball courts, fitness center, complimentary WiFi, 24-hour security and more.    With excellent rental potential and a 3-day minimum rental program, this residence is ideal as a high-performing investment, seasonal escape, or full-time coastal retreat. Offering the best of both worlds with flexibility to make a nice income while still enjoying it personally. The onsite rental management provides an effortless, hands-off experience. Enjoy the island lifestyle just minutes from Siesta Key Village’s boutiques and restaurants, and a short drive to Downtown Sarasota’s vibrant arts and dining scene.

Sale Notes
Loopnet classifies this as a "hotel". It is not. It is a 1 bedroom 1 bath condo with the ability to rent in for a minimum of 3 days ( quick turn over) and easy to rent!

Description

Palm Bay Club is a condominium property directly on the Gulf of Mexico on the world famous Siesta Key Beach in Sarasota, Florida. Experience breathtaking, panoramic Gulf of Mexico views from this one of a kind penthouse-level residence. Located in the coveted Gulf-Front Tower at the Palm Bay Club on Siesta Key! Sitting high above the shoreline, you'll have the opportunity to experience amazing Siesta Key Sunsets like never before!  Resort-style amenities include private deeded beach access, beach chairs, two heated pools (including one beachside), a large hot tub, barbecue areas, bayside fishing pier, lighted tennis & pickleball courts, fitness center, complimentary WiFi, 24-hour security and more.    With excellent rental potential and a 3-day minimum rental program, this residence is ideal as a high-performing investment, seasonal escape, or full-time coastal retreat. Offering the best of both worlds with flexibility to make a nice income while still enjoying it personally. The onsite rental management provides an effortless, hands-off experience. Enjoy the island lifestyle just minutes from Siesta Key Village’s boutiques and restaurants, and a short drive to Downtown Sarasota’s vibrant arts and dining scene.

Highlights

1 bedroom 1 bath condo on the Gulf of Mexico on Siesta Key
Panoramic Gulf front views
Amazing sunsets
Excellent investment with a 3 day minimum rental period
Potential 1031 exchange property

Financial Summary

Total Expenses: $0 USD

Major Tenants

Tenant SF Occupied Lease End Date
Alle Investments LLC
Conforto Palm Bay Club
United Farm

Amenities

  • Balcony
  • Business Center
  • Fitness Center
  • Pool
  • High Speed Internet Access
  • Patio
  • Beach (direct access)
  • Tennis
  • Public Access Wifi
  • Smoke-Free
  • Hot Tub
  • Multi-Room Suites

Public Transportation

AirportDriveWalkDistance
Sarasota/Bradenton International 25 min - 12.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 1
Type: Surface
Included in Rent: Yes
Rico Boeras 941-374-7426 Harry E Robbins Associates
Rico Boeras 941-374-7426 Harry E Robbins Associates