Looking for the perfect 2-bedroom, 2-bath investment beach condo on Siesta Key? This second-level residence presents a strong income-producing opportunity at the desirable, gulf-front Palm Bay Club. Ideally situated on the beach side of Midnight Pass Road, unit #158 features a comfortable coastal design with an open floor plan, beachy ambiance, and tile flooring throughout, making it move-in ready for owners, guests, and short-term renters alike. Just steps from the pristine blue waters and powder-white sands of Siesta Beach, the thoughtfully designed and tastefully furnished interior maximizes space and functionality with seamless flow from the kitchen to dining and living areas. One of the premier beach-to-bay communities on Siesta Key, Palm Bay Club offers an exceptional array of amenities including two heated swimming pools, a hot tub overlooking the bay, fitness center, lighted tennis court with two pickleball courts, BBQ grills, a fishing pier, and boat docks available for daily rental. With a rare three-night minimum rental policy on Siesta Key and onsite management, this is an outstanding opportunity for the savvy owner-investor seeking both lifestyle and income.
Property Description: Mid Rise
CondoProperty Type
1975Year Built
$631Price/Sq.Ft.
$1,443/moHOA Dues
Listed by Jonathan Abrams, PLLC• MICHAEL SAUNDERS & COMPANY
Contact: 941-349-3444
Bought with Jonathan Abrams, PLLC• MICHAEL SAUNDERS & COMPANY
Est. $2,045 per month, based on comparable rentals
Sale and tax history for 5968 Midnight Pass Rd #158
Sale History
Tax History
Date
Event
Price
Stellar MLS as Distributed by MLS Grid #A4681104
Jul 29, 2026
Sold
$715,000
$631/sq ft
Jul 28, 2026
Contingent
—
Jun 25, 2026
Pending
—
May 5, 2026
Relisted
—
Apr 20, 2026
Pending
—
Apr 1, 2026
Price Changed
$760,000
$670/sq ft
Feb 6, 2026
Listed
$775,000
$683/sq ft
Stellar MLS as Distributed by MLS Grid #A4178507
Feb 27, 2017
Listed
$550,000
$485/sq ft
Feb 24, 2017
Sold
$525,000
$463/sq ft
Listing/Sales Data Only!
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
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Year built
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Style
Condo/Co-op
County
Sarasota County
APN
0105136248
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Basement
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Accessible
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HOA Dues
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Last updated by owner on Apr 8, 2023.
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.