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5966 Midnight Pass Rd - The Palm Bay Club 864 SF Retail Condo Unit Offered at $1,150,000 in Sarasota, FL 34242

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INVESTMENT HIGHLIGHTS

1 bedroom 1 bath condo on the Gulf of Mexico on Siesta Key
Amazing sunsets
Potential 1031 exchange property

Panoramic Gulf front views
Excellent investment with a 3 day minimum rental period

EXECUTIVE SUMMARY

Palm Bay Club is a condominium property directly on the Gulf of Mexico on the world famous Siesta Key Beach in Sarasota, Florida. Experience breathtaking, panoramic Gulf of Mexico views from this one of a kind penthouse-level residence. Located in the coveted Gulf-Front Tower at the Palm Bay Club on Siesta Key! Sitting high above the shoreline, you'll have the opportunity to experience amazing Siesta Key Sunsets like never before! Resort-style amenities include private deeded beach access, beach chairs, two heated pools (including one beachside), a large hot tub, barbecue areas, bayside fishing pier, lighted tennis & pickleball courts, fitness center, complimentary WiFi, 24-hour security and more. With excellent rental potential and a 3-day minimum rental program, this residence is ideal as a high-performing investment, seasonal escape, or full-time coastal retreat. Offering the best of both worlds with flexibility to make a nice income while still enjoying it personally. The onsite rental management provides an effortless, hands-off experience. Enjoy the island lifestyle just minutes from Siesta Key Village’s boutiques and restaurants, and a short drive to Downtown Sarasota’s vibrant arts and dining scene.

PROPERTY FACTS

Total Building Size	453,258 SF	Floors	11
Property Type	Hospitality (Condo)	Typical Floor Size	36,364 SF
Property Subtype	Hotel	Year Built	1970
Building Class	B	Lot Size	8.61 AC
Zoning	RMF3

Total Building Size	453,258 SF
Property Type	Hospitality (Condo)
Property Subtype	Hotel
Building Class	B
Floors	11
Typical Floor Size	36,364 SF
Year Built	1970
Lot Size	8.61 AC
Zoning	RMF3

Balcony
Business Center
Fitness Center

Pool
High Speed Internet Access
Patio

Beach (direct access)
Tennis
Public Access Wifi

Smoke-Free
Hot Tub
Multi-Room Suites

ROOM MIX INFORMATION

DESCRIPTION	NO. ROOMS	DAILY RATE	SF
Suite	130	$366.00	-

1 UNIT AVAILABLE

Unit G 118

Unit Size	864 SF	Sale Type	Investment
Price	$1,150,000	No. Parking Spaces	2
Price Per SF	$1,331.02	Sale Conditions	1031 Exchange
Condo Use	Retail	APN/Parcel ID	0105-13-6086

Unit Size	864 SF
Price	$1,150,000
Price Per SF	$1,331.02
Condo Use	Retail
Sale Type	Investment
No. Parking Spaces	2
Sale Conditions	1031 Exchange
APN/Parcel ID	0105-13-6086

DESCRIPTION

Experience breathtaking, panoramic Gulf of Mexico views from this one of a kind penthouse-level residence. Located in the coveted Gulf-Front Tower at the Palm Bay Club on Siesta Key! Sitting high above the shoreline, you'll have the opportunity to experience amazing Siesta Key Sunsets like never before! This rare opportunity features a bright, open layout with a welcoming foyer, crown molding, and tile flooring throughout. The spacious kitchen includes granite countertops, trey ceiling detail, breakfast-bar seating, and a direct backdrop of the shimmering Gulf. The utility room adds valuable convenience and storage. Resort-style amenities include private deeded beach access, beach chairs, two heated pools (including one beachside), a large hot tub, barbecue areas, bayside fishing pier, lighted tennis & pickleball courts, fitness center, complimentary WiFi, 24-hour security and more. With excellent rental potential and a 3-day minimum rental program, this residence is ideal as a high-performing investment, seasonal escape, or full-time coastal retreat. Offering the best of both worlds with flexibility to make a nice income while still enjoying it personally. The onsite rental management provides an effortless, hands-off experience. Enjoy the island lifestyle just minutes from Siesta Key Village’s boutiques and restaurants, and a short drive to Downtown Sarasota’s vibrant arts and dining scene.

SALE NOTES

Loopnet classifies this as a "hotel". It is not. It is a 1 bedroom 1 bath condo with the ability to rent in for a minimum of 3 days ( quick turn over) and easy to rent!