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Beachfront Condo with Gulf Views
For Sale
$1,299,900

5830 MIDNIGHT PASS ROAD 705, Sarasota, FL 34242

Furnished condo with Gulf views, strong rental history.

Property Size1,285 SF
Lot Size0.99 Acres
Price / SF$1,011
Days on Market776

Property Features for 5830 MIDNIGHT PASS ROAD 705

General Information

Standard status Active
Size 1,285 SF
Lot size 0.99 Acres
Property subtype Condo/Townhome

Taxes and HOA fees

Annual Taxes $10,250

Building Details

Year Built 1976
Listing Agency: PLUMLEE GULF BEACH REALTY
Listed By: Beverly Schroeder · License #3426155
Source: Exitrealty
Added: Jul 5, 2024 Changed: Aug 8 Last Checked: Aug 8 at 6:29AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PLUMLEE GULF BEACH REALTY

Investment Insights

Based on property information with market context.

This 7th-floor condo offers balcony views of the Gulf of Mexico. The property features 1,285 square feet, including 2 bedrooms and 2 full bathrooms, and is offered fully furnished. The kitchen includes a new stove, microwave, and dishwasher. The great room plan features an open flow between the kitchen, living area, and dining space. Residents and guests have access to a pool, deeded parking, Tiki Huts, and chairs on the private beach. An onsite management team maintains the property. The property has a strong rental history, making it a potential vacation rental investment. Located in a prime spot, local restaurants and music are accessible by trolley or bike ride. The property is located at 5830 MIDNIGHT PASS ROAD 705, SARASOTA, FL 34242.

Key Highlights

  • Breathtaking Gulf of Mexico views from a 7th‑floor balcony.
  • Fully furnished, move‑in ready condition.
  • Strong rental history, ideal vacation rental investment.

Property Analytics

Current Use

Jamaica Royale Hotel & Motel

Suggested Use

Top Pick Dental Office Law Firm Nail Salon Grocery & Convenience Store HVAC Service Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

281
Businesses Nearby

Demographics for 34242, FL

7,417
Population
10,418
Households
0.7
Avg Household Size
65
Median Age
66%
College-Educated
97%
High-School Grad
3.6 sq mi
ZIP Area
2,060
Density / Sq Mi
$122,143
Median Household Income
$75,313
Median Earnings
$2,408
Median Rent
$995,900
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Short term rental property - Furnished condo with Gulf views, strong rental history.
Where is this short term rental property located?
The property is located at 5830 MIDNIGHT PASS ROAD 705 Sarasota, FL.
What is the asking price?
The asking price for this property is $1,299,900.
What are key features of this property?
This property features: Breathtaking Gulf of Mexico views from a 7th‑floor balcony.; Fully furnished, move‑in ready condition.; Strong rental history, ideal vacation rental investment.
More about this property
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