Sold
6610 MIDNIGHT PASS RD #11
SARASOTA FL, 34242
$569,000
$948.33 per sqft
Sold
1 Bed
1 Bath
600 sqft
Condo
Built in 1956
Investor Alert! Let the numbers do the talking. *Gross revenue after tourist taxes was $71,189. *Occupancy in '23 was 45 weeks. *All expenses are $19.1k, giving you a net of $52.4k, that's a cap rate of over 9. EBBTIDE has some of the lowest HOA dues on the Key, and is one of the few properties on the Key that allow One Day Minimum Rentals - no need to miss a revenue producing day.
Now for what you get. *A 600 sq ft 1 bedroom with 1 full bath with a washer/dryer. *Was renovated in 2020 with a new kitchen and furniture. The patio is 240 sq ft, and has a dedicated outdoor shower. It has deeded gulf beach access and use of the Association by the Sea heated saltwater pool.
What the renters say - 'Fantastic location', 'We love this spot', 'Perfect Siesta Key getaway'. Check out the reviews on Airbnb- 202 reviews that average 4.95 out of 5!
The location is outstanding. Ebb Tide is directly across Midnight Pass Rd from the Crescent Club, Capt. Curt's, the Daiquiri Deck and everything in the south village. You can walk everywhere! The Siesta Key Trolly stops feet from your door, giving you a FREE ride to the north village and many other places on the Key. No need for a car here.
This is perfect for an owner/operator or seamlessly fold it into your current rentals. Bookings so far this year are $61,142 (including $10K for the remainder of 2024, with 130 days to go. Call now to view this outstanding rental unit.
A4620122
MLSⓇ ID
August 15, 2024
Listed
September 17, 2024
Updated
Map
6610 MIDNIGHT PASS RD #11
SARASOTA FL, 34242
Interior Features
Total Stories
1
Bedrooms
1
Total Bathrooms
1
Full Bathrooms
1
Interior Features
Ceiling Fans(s), Kitchen/Family Room Combo, Open Floorplan, Stone Counters, Thermostat, Window Treatments
Appliances
Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
Laundry Description
Inside
Floor Description
Tile
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Exterior Features
Lighting, Outdoor Grill, Outdoor Shower, Sidewalk
Roof
Shingle
Sewer
Public Sewer
Other Property Details
Area Name
34242 - Sarasota/Crescent Beach/Siesta Key
Taxes
$5,036
Tax Frequency
Annually
Days on Market
5
Association Fee
Not Listed
Association Fee Frequency
Monthly
Garage
No
Parking
Assigned
View
No
County
Sarasota
Municipality
37
Water Source
Public
Pool
No
Zoning
RMF3
Listing History
Date | Event | Price |
---|---|---|
9/13/2024 | Sold | $569,000 |
8/21/2024 | Pending | — |
Listed by RE/MAX PLATINUM REALTY
Listing Contact: 941-929-9090
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Data last updated 9/17/2024, 10:15 PM UTC