8 months on rocket

8897 Midnight Pass Rd Unit 503, Sarasota, FL, 34242

$425,000

Home List Price

$5,047*

Closing Credit

1 Bedroom
1 Full Bath
846 SqFt
$502/SqFt
Condo

Location

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8897 Midnight Pass Rd Unit 503, Sarasota$425,000

Buyer Closing Credits

$5,047*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, Covered, Guest, Open
Year Built1973
HeatingCentral, Electric
CoolingCentral Air
WaterfrontBay, Gulf, Intracoastal Waterway
ViewWater
MLS #N6131972
StatusActive

About 8897 Midnight Pass Rd Unit 503

Charming Penthouse with Bay and Gulf Views at Sunrise Cove Yacht & Racquet Club! Escape to the tranquil shores of Siesta Key with this charming penthouse. Offering an exceptional view of the bay and a glimpse of the Gulf of Mexico, this cozy retreat provides the perfect blend of comfort and convenience for those seeking a winter getaway or a savvy investment opportunity. Enjoy stunning vistas of the bay and catch a peek of the Gulf of Mexico, creating a serene backdrop for your daily relaxation. Furnished with a warm and inviting decor, this penthouse comes fully equipped with everything you need for a comfortable stay, ensuring a hassle-free transition into your new home. Take advantage of the wonderful amenities offered at Sunrise Cove, including two pools, tennis courts, pickleball courts, exercise room, billiards, game room, picnic area, kayak racks, grills, bike storage, boat docks, and an on-site rental management office. With one month rentals allowed, this condo provides an excellent opportunity for seasonal rentals, allowing you to generate income when you're not using the property yourself. The Siesta Key trolley stops across the street making it convenient to travel and dine or shop at Siesta Key Village as well as a short drive to downtown Sarasota's cultural attractions, this penthouse offers easy access to everything the area has to offer. Embrace the laid-back island lifestyle of Siesta Key, where days are spent lounging on the beach, exploring charming boutiques and eateries, and soaking in the natural beauty that surrounds you. Whether you're kayaking through mangrove tunnels or indulging in fresh seafood at a waterfront restaurant, there's no shortage of ways to enjoy the coastal charm. Don't miss your chance to own a piece of paradise in Sunrise Cove. Whether you're seeking a vacation retreat, an income-generating property, or a permanent residence, this penthouse offers a cozy haven with all the comforts of home. Schedule your showing today and start making memories in your own slice of Siesta Key paradise!

Property Details

Property Features

Property Information:

  • Year Built: 1973
  • Stories: 5
  • Living Area: 846 SqFt

Listing Office:

  • Office Name: RE/MAX PLATINUM REALTY
  • Office Phone: (941) 929-9090
  • Listing Agent: Cesar Alvarenga

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
  • Flooring Type: Carpet, Ceramic Tile
  • Interior: Other, Walk-In Closet(s), Window Treatments

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Bay, Gulf, Intracoastal Waterway
  • View: Water
  • Exterior: Tennis Court(s)

Parking Information:

  • Parking: Assigned, Covered, Guest, Open

Virtual/3D Tour

  • Virtual Tour: 8897 Midnight Pass Rd Unit 503
Virtual Tour

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Stickney Point Road to south on Midnight Pass Road. Three miles. Turn left into Sunrise Cove. This is in the north building (8897). Park in guest parking.

Price Information

Listing Price Info

Price Summary:

  • List Price: $425,000
  • Price Per SqFt: $502/SqFt

HOA Fees:

  • Amount: $983
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in Sarasota, FL.

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Sarasota, FL

City

Med. Sold Price

$520.7K

Med. Price/SqFt

$305

Avg. Days On Market

62

# of Sold Homes

302

8897 Midnight Pass Rd Unit 503 vs Sarasota

247 DAYS ON ROCKET

+185 Days

$425,000

-$95.7K Less

$502/SqFt

+$197 More

KEY TAKEAWAY

This property is $95.7K less than the Median Sold Price and $197/SqFt more than other homes in Sarasota, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #N6131972

Listing Office:

  • Office Name: RE/MAX PLATINUM REALTY
  • Office Phone: (941) 929-9090
  • Listing Agent: Cesar Alvarenga

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/23/2024, 8:19:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$3,172

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,341

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-972213
6
/10

  • Gulf Gate Elementary School

  • 6500 S Lockwood Ridge Rd

  • 2.81 miles

  • Public District Grades PK-5

school-card-donut-972214
8
/10

  • Phillippi Shores Elementary School

  • 4747 S Tamiami Trl

  • 4.50 miles

  • Public Magnet Grades PK-5

school-card-donut-972215
5
/10

  • Wilkinson Elementary School

  • 3400 Wilkinson Rd

  • 4.84 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $59,028. The most common annual income of people living in Sarasota, FL is between $35k-100k. The most common type of family is married, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 8897 Midnight Pass Rd Unit 503

What is the listing price of this property?

The listing price of 8897 Midnight Pass Rd Unit 503 property is $425,000.

What type of property is this?

The property 8897 Midnight Pass Rd Unit 503 is a condo located in Sarasota, Florida, 34242.

Is this property for sale now?

Active Listing: 8897 Midnight Pass Rd Unit 503 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 8897 Midnight Pass Rd Unit 503 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 8897 Midnight Pass Rd Unit 503 is 846 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 8897 Midnight Pass Rd Unit 503 is 1973.

Rocket Homes›Florida›Sarasota County›Sarasota›34242›8897 Midnight Pass Rd Unit 503

This home is located at 8897 Midnight Pass Rd Unit 503 in Sarasota, FL and zip code 34242 in the Siesta Key neighborhood. This 846 square foot home was built in 1973. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since March 22, 2024 and is currently priced at $425,000.

In October 2024, from all listings sold in Sarasota, FL there were more than 13 sold above asking price, over 242 sold below and more than 47 were sold right at the asked price. In October 2024 in Sarasota, FL there were 0.8% less homes for sale than in September 2024. While the average time on the market in October 2024 was 62 days, the median list price was $520,718.

From Rocket Homes Real Estate and based on county public records data.

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