5950 MIDNIGHT PASS RD #101, Sarasota, FL 34242
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5950 MIDNIGHT PASS RD #101, Sarasota, FL 34242
5950 MIDNIGHT PASS RD #101, Sarasota, FL 34242
5950 MIDNIGHT PASS RD #101, Sarasota, FL 34242
5950 MIDNIGHT PASS RD #101, Sarasota, FL 34242
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$ 485,999
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Active

5950 MIDNIGHT PASS RD #101 Sarasota, FL 34242

1 Bed

1 Bath

513 SqFt


UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 513 sqft

Price per Sqft $947

Subdivision Siesta Beach House

MLS Listing ID A4710143

Bedrooms 1

Full Baths 1

Condo Fees $2,740

HOA Y/N No

Annual Recurring Fee 10960.0

Year Built 1957

Annual Tax Amount $3,441

Property Sub-Type Condominium

Source Stellar MLS

Property Description

SIESTA KEY INVESTMENT OPPORTUNITY! PROVEN RENTAL INCOME, 3-DAY MINIMUM RENTALS, PRIVATE BEACH ACCESS, AND REDUCED ASSOCIATION DUES! Discover an exceptional opportunity to own a beautifully updated, FULLY FURNISHED, TURNKEY beach condominium in one of Sarasota's most desirable coastal destinations. This property offers the ideal combination of income-producing potential, low-maintenance ownership, and personal vacation enjoyment. 2026 GROSS RENTAL REVENUE TOTALS $35,125 THROUGH NOVEMBER 16, WITH ADDITIONAL INCOME POTENTIAL REMAINING FOR THE YEAR! The average nights per stay is currently 13.8 nights. Financials are available for review upon request. Even more appealing, this performance was achieved despite the owners periodically reserving the condominium for their own personal enjoyment, leaving additional opportunity to maximize rental occupancy and revenue. Looking ahead, 2027 already has a promising foundation of reservations during the highly desirable February and March rental season November 2026 Forward ALREADY HAS BOOKINGS totaling $13,534. With a flexible 3-DAY MINIMUM RENTAL PERIOD, owners can capitalize on short-term rental demand while maintaining the freedom to enjoy their own Siesta Key getaway. Adding to the investment appeal, the association's FINAL APPROVED 2027 BUDGET CONFIRMS A $496 QUARTERLY REDUCTION IN ASSOCIATION DUES, representing $1,984 in annual savings compared to the previous quarterly assessment!

Located within the desirable Siesta Beach House community, this residence is just a short walk from the world-renowned shores of Siesta Beach and Crescent Beach, with the added advantage of PRIVATE BEACH ACCESS EXCLUSIVELY FOR RESIDENTS AND GUESTS! Inside, the condominium has been thoughtfully updated and meticulously maintained, offering a bright, modern coastal atmosphere. The beautifully appointed kitchen features quartz countertops, ceramic tile backsplash, under-cabinet lighting, stainless steel appliances, and solid wood cabinetry, opening seamlessly into the inviting living area. Porcelain ceramic tile flooring extends throughout, complemented by upgraded living room baseboards, additional hallway storage, and tasteful coastal finishes. Significant improvements provide additional peace of mind, including a 2023 ROOF, NEW ELEVATED A/C SYSTEM INSTALLED IN 2024, AND BRAND-NEW ELECTRICAL PANEL COMPLETED IN 2025. The spacious bedroom features a walk-in closet, while the functional open-concept layout maximizes comfort and livability. Offered fully furnished and turnkey, the condominium is ready for immediate personal enjoyment or continued rental operations without the expense and hassle of furnishing a vacation property. Residents and guests also enjoy access to the community swimming pool and private beach access, further enhancing the property's rental appeal and coastal lifestyle. Whether you're seeking an established short-term rental investment, a seasonal escape that can help offset ownership expenses, or your own private beach retreat, this Siesta Key condominium offers an exceptional combination of location, flexibility, recent improvements, and income potential. Schedule your private showing today and discover the possibilities!

Location

State FL

County Sarasota

Community Siesta Beach House

Area 34242 - Sarasota/Crescent Beach/Siesta Key

Zoning RMF3

Interior

Interior Features Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Wood Cabinets, Stone Counters, Thermostat, Walk-In Closet(s)

Heating Central, Electric

Cooling Central Air

Flooring Luxury Vinyl

Furnishings Turnkey

Fireplace false

Appliance Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator

Laundry Laundry Room

Exterior

Exterior Feature Lighting, Rain Gutters, Sidewalk

Parking Features Assigned

Community Features Buyer Approval Required, Clubhouse, Fitness Center, Pool, Sidewalks

Utilities Available BB/HS Internet Available, Cable Available, Electricity Connected, Public, Sewer Connected, Underground Utilities, Water Connected

Amenities Available Clubhouse, Laundry, Pool, Recreation Facilities, Shuffleboard Court

View Y/N No

Water Access No

Roof Type Shingle

Porch Patio

Exposure Northwest

Garage false

Private Pool No

Building

Lot Description Paved

Story 1

Entry Level One

Foundation Slab

Lot Size Range Non-Applicable

Sewer Public Sewer

Water Public

Architectural Style Florida

Level or Stories One

Unit Floor 1

Structure Type Block,Stucco

New Construction false

Schools

Elementary Schools Phillippi Shores Elementary

Middle Schools Brookside Middle

High Schools Sarasota High

Others

Pets Allowed No

HOA Fee Include Pool,Maintenance Structure,Maintenance Grounds,Maintenance,Management,Recreational Facilities,Water

Senior Community No

Ownership Condominium

Monthly Total Fees $913

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition None

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Stellar MLS
Listed by Rachel Tritschler RE/MAX ALLIANCE GROUP
Nearby Locations
John & Sophia Ghanayem

John & Sophia Ghanayem

Agent License ID: SL3551205

+1(941) 251-1500

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5950 MIDNIGHT PASS RD #101