Broker has ownership interest. This is not a short sale. Welcome to Gulf & Bay Club situated directly on Siesta Key beach, one of the top beaches in America. This lovely penthouse unit has spectacular views overlooking the Gulf. The residence features 2 bedrooms and 2 full baths and has an extended living room and master bedroom. The all white, eat in kitchen has ample cabinet space and a breakfast bar overlooking a spacious living room with ocean views. The master suite has a walk in closet and private bath with dual sinks. The Gulf & Bay Club is a gulf front gated community that sits on over 30 acres with 780 feet of beach frontage. Amenities include 3 heated pools, 8 tennis courts, a fitness center with spa, an expansive clubhouse with library and computer room, racquetball and basketball courts and multiple barbecue areas with picnic tables. All Information recorded in the MLS is intended to be accurate but cannot be guaranteed, buyer advised to verify. Sold As-Is.
Property Description: Mid Rise
CondoProperty Type
1986Year Built
$864Est. Price/Sq.Ft.
1 spaceParking
Listed by Ronald Stafford• ALL FLORIDA PROPERTY GROUP,INC
Bought with Linda Driggs• MICHAEL SAUNDERS & COMPANY
Source:Stellar MLS as Distributed by MLS Grid #O5361956
Redfin Estimate
$1,367,970
$332K since sold in March 2024$13K since September
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 47.2% higher than the average sale price ($929K) of 6 comparable homes.
Broker has ownership interest. This is not a short sale. Welcome to Gulf & Bay Club situated directly on Siesta Key beach, one of the top beaches in America. This lovely penthouse unit has spectacular views overlooking the Gulf. The residence features 2 bedrooms and 2 full baths and has an extended living room and master bedroom. The all white, eat in kitchen has ample cabinet space and a breakfast bar overlooking a spacious living room with ocean views. The master suite has a walk in closet and private bath with dual sinks. The Gulf & Bay Club is a gulf front gated community that sits on over 30 acres with 780 feet of beach frontage. Amenities include 3 heated pools, 8 tennis courts, a fitness center with spa, an expansive clubhouse with library and computer room, racquetball and basketball courts and multiple barbecue areas with picnic tables. All Information recorded in the MLS is intended to be accurate but cannot be guaranteed, buyer advised to verify. Sold As-Is.
Property Description
Mid Rise
Public Records
Jul 19, 1991
Sold
$322,500
$204/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$14,864 (+2.2%)
$1,276,100
2024
$14,538 (−1.4%)
$1,214,400
2023
$14,740 (+13.4%)
2022
$12,993 (+39.1%)
$1,071,300
2021
$9,340 (+4.7%)
$731,900
2020
$8,923 (−12.0%)
$683,200
2019
$10,141 (+0.9%)
$786,400
2018
$10,049 (−1.7%)
$778,900
2017
$10,223 (−11.7%)
$779,000
2016
$11,573 (+103.1%)
$868,000
2015
$5,697 (+0.4%)
2014
$5,677
2013
$5,676 (+2.8%)
2012
$5,523
Tax history for 5740 Midnight Pass Rd #502
Year
Property tax
Land + Additions
Assessment*
2025
$14,864 (+2.2%)
$1,276,100
2024
$14,538 (−1.4%)
$1,214,400
2023
$14,740 (+13.4%)
2022
$12,993 (+39.1%)
$1,071,300
2021
$9,340 (+4.7%)
$731,900
2020
$8,923 (−12.0%)
$683,200
2019
$10,141 (+0.9%)
$786,400
2018
$10,049 (−1.7%)
$778,900
2017
$10,223 (−11.7%)
$779,000
2016
$11,573 (+103.1%)
$868,000
2015
$5,697 (+0.4%)
2014
$5,677
2013
$5,676 (+2.8%)
2012
$5,523
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
RMF-3
SKOD
Multi-Family District
The RMF Districts permit multifamily residential densities, which may take the form of a variety of housing types, including single-family detached, lot line, traditional, patio, villa, atrium, duplex, townhouse, multiplex, or apartment units. These districts are used in areas having convenient access to both collector and arterial streets, and nearby civic and commercial uses, as well as employment opportunities; The RMF Districts are generally used to implement the Comprehensive Plan within those areas shown as Medium Density Residential, High Density Residential, Office Multifamily Residential Areas and Corridors, and Town and Village Centers on the Future Land Use Map, on the Barrier Islands where the application of the district would not increase the density of development or hamper hurricane evacuation planning and disaster mitigation efforts, and Developments of Regional Impact. The RMF Districts, while not a primary implementing district, may also be allowed in Regional, Community, Village I, Village II, and Neighborhood Commercial Centers. Appropriate densities within the Medium Density and High Density Residential areas shall be guided by the density ranges as outlined in Future Land Use Policy 1.1.1, Objective 2.3, and Policy 2.3.1 of the Comprehensive Plan. These densities shall also be determined, in part, by the land use designations and developed residential areas surrounding the parcel.
Zone overlays
Siesta Key Overlay District
Permitted uses
Include but are not limited to:
Community / recreation center
Day care facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Student
Infrastructure
Wastewater treatment
Park & open space
Property details
Interior
Bathroom Information
# of Full Baths: 2
# of Bathroom Fixtures: 3
Room Information
# of Rooms: 4
Exterior
Exterior Information
Foundation Type: Pilings
Construction Type: Concrete
Building Construction Quality: Above Average
Exterior Wall: Concrete
Roof Covering Type: Built Up Tar and Gravel
Roof Framing Type: Concrete
Roof Shape Type: Built Up Tar and Gravel
Building Type: Condo Apartment
View Information
View: Gulf
Property Information
Subdivision Name: GULF & BAY CLUB PH 6
Living Sq. Ft: 1,584
Gross Sq. Ft: 1,584
Adjusted Gross Sq. Ft: 1,584
Ground Floor Sq. Ft: 1,584
# of Units: 1
# of Stories: 1
Stories Type: 1
Legal Description: UNIT 502 BLDG F GULF & BAY CLUB
Lot Information
# of Buildings: 1
Land Sq. Ft: 143,327
Legal Lot Number: 502
Legal Block Number: F
Acres: 3.2903
Zoning Code: RMF3
County Use Description: CONDO-MID-RISE 2-6 STORIES
State Use Description: CONDOMINIUM
Location Information
Parcel Location Influence: Gulf
Financial
Assessor Information
Assessment Year: 2025
Tax District County: SIESTA KEY SPCL LIGHT DIST
Tax Area: SIESTA KEY SPCL LIGHT DIST
Public facts
Beds: 2
Baths: 2.0
Sq. Ft.: 1,584
Stories: 1.0
Lot Size: —
Style: Condo/Co-op
Year Built: 1986
Year Renovated: 2016
County: Sarasota County
APN: 0105046134
Home facts updated by county records on Oct 15, 2026
Around this home
Schools
Phillippi Shores Elementary School
Public PreK-5 • Assigned • 1.9mi
9/10
Brookside Middle School
Public 6-8 • Assigned • 2.9mi
6/10
Sarasota High School
Public 9-12 • Assigned • 4.4mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
9/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
10/10 Heat Factor
7 days above 107° expected this year, 30 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Sarasota, FL • 34242
Average low and high temperatures (°F)
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71
78
64
74
59
Jan
Feb
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May
Jun
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Sun exposure
In this area, properties receive around 9.2 hours in
June and 6.4 hours in December, placing it above the
U.S. average for solar exposure.
9.2 hrs
6.4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$1.30M – $1.57M
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