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1 Bed
1 Bath
513 sqft

$485,999

5950 MIDNIGHT PASS RD #101, SARASOTA FL, 34242

Price per sqft$947.37
Built in1957
Property size513 sqft
Property typeCondominium
Courtesy of RE/MAX ALLIANCE GROUP, Rachel Tritschler  Listing Contact: 941-954-5454

Overview

Active

Listed Oct 19, 2026

Updated 4h ago

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!

$3,233/mo

Est. mortgage payment based on a $485,999 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
A4710143

Interior Features

Bedrooms
1
Bathrooms
1
Cooling
Yes
Heating
Yes
Basement
No

Other Property Details

Taxes
$3,441
Tax Frequency
Annually
Association Fee Frequency
Monthly
Municipality
37S
55+/Senior Community
No

Listings courtesy of Stellar MLS as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Claudia Hall shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS. 

Based on information submitted to the MLS GRID as of 6:57 PM UTC on 11/14/2026. 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.

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