5855 MIDNIGHT PASS RD #408

2 bed | 2 bath | 1,056ft²

$555,000

List Price

Home Information and Amenities

2 Bedrooms

2 Bathrooms

Fantastic 2 bed/ 2 bath fully remodeled condo on famous Siesta Key! This community sits right on the Intracoastal Waterway and has its own marina! You are just 1/4 mile from the public beach access and only 1 mile from the Village of Siesta Key. This is a truly special setting and location that would make a great full time residence or part time and also rent it out. There is a nice mix of rentals and residents here. This home has beautiful views of the Intracoastal and marina from it's screened in lanai. The community amenities include a pool, tennis courts, lovely grounds, a fishing area and fish cleaning area, a picnic gazebo on it's own private island next to the private marina, a great gym, remodeled interior common areas with a huge community kitchen and event area, including outdoor grills and covered patio. This home has been thoughtfully and beautifully remodeled in 2016, with laminate throughout, granite counters, tiled showers, new plumbing throughout the building and appointed with lovely more modern furnishings. Being sold furnished and turn-key with a few exclusions. Cost to own this unit is approximately 13k a year, with rental income approximately 27-34k a year. Seller has been VERY selective with tenants and uses it a fair amount themselves. Other similar units are doing approximately 34k a year. This is just a beautiful home that has been well loved and maintained and lightly rented. This setting is a true peaceful oasis!

  • Property type

Condominium

  • # of Bedrooms

2

  • # of Bathrooms

2

  • Heating

Electric

  • Year Built

1976

  • Size

1,056ft²

  • Lot Size

0ft²

  • Cooling

Central Air