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$485,999

5950 Midnight Pass Road Sarasota, FL 34242 • Residential - Condominium • Active

  • 5950 Midnight Pass Road, Unit 101, Sarasota, FL 34242 Main Photo

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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!

Property Highlights

Property Type: Residential - Condominium
Cooling: Central Air
Heating: Central, Electric
Home Style: Florida
Roof Type: Shingle
Stories: 1.0
Taxes: $3,441
Year Built: 1957

General Information

Bedrooms: 1
Bathrooms: 1 Full
Sqft: 513
County: Sarasota
High School: Sarasota High
Subdivision: SIESTA BEACH HOUSE
Listed By:
Rachel Tritschler RE/MAX ALLIANCE GROUP 941-954-5454

Amenities

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)
Lighting
Rain Gutters
Sidewalk

Room Information

Living Room: 15x13
Primary Bedroom: 12x19
Kitchen: 10x12

Property Features

Appliances: Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
Association Amenities: Clubhouse, Laundry, Pool, Recreation Facilities, Shuffleboard Court
Community Features: Buyer Approval Required, Clubhouse, Fitness Center, Pool, Sidewalks
Condo Fee: $2740/ Quarterly
Days on Site: 25
Directions: From I75 take exit heading west on SR72 then turn left onto Stickney Point Rd then turn right onto Midnight Pass Rd then turn left onto Windsong Ln.
Exterior: Block, Stucco
Flood Zone Code: AE
Flooring: Luxury Vinyl
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, FHA, VA Loan
Lot: Paved
Ownership: Condominium
Parking: Assigned
Parking Notes: Assigned
Patio/Porch: Patio
Pets Allowed: No
Property Attached Y/N: No
Property Sub-Type: Condominium
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Appointment Only, ShowingTime
Special Sale Provisions: None
Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Public, Sewer Connected, Underground Utilities, Water Connected
Vegetation: Mature Landscaping, Trees/Landscaped
Water: Public
Water Access Y/N: No
Zoning: RMF3
$485,999
1beds
1.0baths
513sqft
Active
BEDS1 BATHS1 full SQUARE FEET513 MLS#A4710143
STATUSActive PROPERTY TYPEResidential - Condominium SUBDIVISIONSIESTA BEACH HOUSE

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5950 Midnight Pass Road, Unit 101, Sarasota, FL 34242.

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Estimated Payment

$ 2,067.70 per month $1,639.20 Principal & Interest $286.75 Property Tax $141.75 Homeowner's Insurance

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About this area

Florida/Sarasota
Sarasota

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About Sarasota

Sarasota, FL is a cultural gem. Once home to the Ringling Brothers Circus, Sarasota boasts a rich arts scene that brings people from all over the area to enjoy world-class theater, music, and other performing arts. Sarasota is also a haven with spectacular scenery, turquoise water and white sandy beaches. It offers a delightful downtown with a variety of small boutiques and exceptional restaurants. With its dynamic culture and arts scene and incredible natural beauty, Sarasota is a wonderful place to call “home.” 

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