Siesta Key Beach - #1 Beach in America! You can own your own slice of paradise in one of the most beautiful areas. This one bedroom, one and a half bath condo on the Gulf side of the Palm Bay Club packs a lot of punch. With year round, short term rentals permitted, you can use the unit when you want (and escape the cold winters) and then rent it out to off set expenses. The kitchen, baths, and floors and furniture have been updated by the current owner in the last 5 years. It includes beach friendly tile floors throughout, granite countertops, excellent storage, and a high-end sleeper sofa. Four guests are permitted in this one bedroom unit. The owner grossed $38K in 2019, over $36 in 2018, $32K in 2017, and $38K in 2016. The income varied based on owner usage. Palm Bay Club is a Gulf-to-Bay resort style complex with on-site rental management, 2 pools, tennis court, pickle ball court, barbecue grills, boat docks for daily rental, fishing pier, and of course - private access to the powder sand of Siesta Beach. Siesta Key Village is just a short drive away to restaurants and shopping. Being sold turnkey furnished and in excellent shape, this unit is ready to go!
Property Description: Mid Rise
CondoProperty Type
1975Year Built
$556Est. Price/Sq.Ft.
Listed by Jill Thomas• BERKSHIRE HATHAWAY HOMESERVICES FLORIDA REALTY
Bought with Jennifer Thompson, PA• MICHAEL SAUNDERS & COMPANY
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Sq. Ft.
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Year built
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Style
Condo/Co-op
County
Sarasota County
APN
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Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Feb 21, 2017.
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.
Water Access Description: Bay/Harbor,Beach - Access Deeded,Beach - Private,Gulf/Ocean
Water Extras Y/N: 1
Water Extras Description: Dock - Slip 1st Come,Fishing Pier
Property Information
CDD Y/N: 0
Homestead Y/N: 0
Property Type: Residential
Property Sub Type: Condo - Hotel
Property Condition: Completed
Land Information
Vegetation: Trees/Landscaped
Total Acreage: Non-Applicable
Lot Information
Lot Size Acres: 0
Lot Size Square Meters: 0
Zoning Compatible YN: 1
Other Exemptions YN: 0
Building Information
MFR_BuildingAreaTotalSrchSqM: 90.30
MFR_BuildingNameNumber: PALM BAY CLUB
Financial
Tax Information
Tax Annual Amount: $4,933
Tax Year: 2020
Lease / Rent Details
Lease Restrictions YN: 1
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
Location
Multi-Family Financial Information
Total Annual Fees: $6,404
Total Monthly Fees: $533.67
Multi-Unit Information
Unit Number YN: 0
Furnished: Turnkey
HOA Information
Association Name: Palm Bay Club
Montly Maintenance Amount In Addition To HOA Dues: 0
Association Fee Requirement: None
Association Approval Required Y/N: 1
Association Amenities: Boat Slip, Cable TV, Dock, Elevator(s), Fitness Center, Laundry, Maintenance, Optional Additional Fees, Pool, Recreation Facilities, Tennis Court(s)
Association Fee Includes: Cable TV, Pool, Escrow Reserves Fund, Internet, Maintenance Structure, Maintenance Grounds, Management, Pest Control, Pool, Recreational Facilities, Sewer, Trash, Water
School Information
Elementary School: Phillippi Shores Elementary
Middle Or Junior High School: Brookside Middle
High School: Sarasota High
Location Information
Directions: From Stickney Point Road, travel west over the bridge to Midnight Pass Rd, turn right onto Midnight Pass and the Palm Bay Club is the on the left. 5970 bldg is the first one on the left past the tennis courts. Unit is on the second floor - use stairs or elevator.
Condo Information
Floor Number: 2
Monthly Condo Fee Amount: 534
Condo Land Included Y/N: 0
Condo Fees Term: Quarterly
Condo Fees: 1601
Community Information
Community Features: Buyer Approval Required, Deed Restrictions, Fishing, Fitness Center, Pool, Tennis Courts, Water Access, Waterfront
Pets Allowed: No
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Condo/Co-op
Year Built: —
Year Renovated: —
County: Sarasota County
APN: —
Home facts updated by county records on Feb 21, 2017
Other
Miscellaneous Information
Third Party YN: 1
Listing Information
Previous Status: Pending
Backups Requested YN: 0
Listing Date Information
Days to Contract: 34
Status Contractual Search Date: 2021-01-21
Listing Price Information
Calculated List Price By Calculated Sq Ft: 488.68
Green Information
Direction Faces: Southeast
Home Information
Living Area: 972
Living Area Units: Square Feet
Living Area Source: Owner
Living Area Meters: 90.30
Building Area Total: 972
Building Area Units: Square Feet
Building Area Source: Owner
Foundation Details: Slab
Stories Total: 3
Levels: One
Around this home
Schools
Phillippi Shores Elementary School
Public PreK-5 • Assigned • 1.8mi
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
Historical weather
Sarasota, FL • 34242
Average low and high temperatures (°F)
68
53
71
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63
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68
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71
78
64
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59
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May
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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
$514,000 – $622,000
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