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5968 MIDNIGHT PASS ROAD UNIT 158

Condo/Co-op Active With Contract
$760,000

BTC: 12.58278146

ETH: 476.58165537

-$15K (2026/04/01)
122 days
Waterfront
2 bds
2 ba
1,134 sqft

Overview

Under contract-accepting backup offers. Looking for the perfect 2-bedroom, 2-bath investment beach condo on Siesta Key? This second-level residence presents a strong income-producing opportunity at the desirable, gulf-front Palm Bay Club. Ideally situated on the beach side of Midnight Pass Road, unit #158 features a comfortable coastal design with an open floor plan, beachy ambiance, and tile flooring throughout, making it move-in ready for owners, guests, and short-term renters alike. Just steps from the pristine blue waters and powder-white sands of Siesta Beach, the thoughtfully designed and tastefully furnished interior maximizes space and functionality with seamless flow from the kitchen to dining and living areas. One of the premier beach-to-bay communities on Siesta Key, Palm Bay Club offers an exceptional array of amenities including two heated swimming pools, a hot tub overlooking the bay, fitness center, lighted tennis court with two pickleball courts, BBQ grills, a fishing pier, and boat docks available for daily rental. With a rare three-night minimum rental policy on Siesta Key and onsite management, this is an outstanding opportunity for the savvy owner-investor seeking both lifestyle and income.

Location

Florida • SARASOTA • 34242 • Condo/Co-op • Active With Contract • Waterfront

Details

Type:
Residential
Parking:
Guest / Open
Year Built:
1975
Lot:
No Data
Heating:
Central
Price/sqft:
$670
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$599,000
$533K – $768K
Confidence Low
List vs. estimate
$161K above estimate
List $760,000 · +26.9%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$670
+59.3% vs. city median $420
Based on
5 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$7,448
2025
Waterfront
Bay/Harbor Front, Gulf/Ocean Front
Furnished
Furnished
Pets
Not allowed
All facts and features

  • Flooring

    • Tile

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Range

    • Refrigerator

    Other interior features

    • Built-in Features

    • Ceiling Fan(s)

    • Crown Molding

    • Open Floorplan

    • Solid Surface Counters

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 2

  • Parking

    • Guest

    • Open

    Property

    • Levels: One

    • Exterior Features: Other

    Other Property Information

    • Parcel Number: 0105136248

    • Zoning: RMF3

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Utility

    • Cable Connected

    • Electricity Connected

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $7,449

  • Source details

    • MLS ID: A4681104

    Other facts

    • Construction Materials: Block / Concrete

    • Foundation Details: Slab

    • Laundry Features: Common Area

    • Window Features: Window Treatments

    • Direction Faces: Northwest

    • Architectural Style: Coastal

    • Waterfront: Yes

    • Water Body Name: GULF OF AMERICA

    • Living Area: 1134

    • Water Source: Public

    • Subdivision Name: PALM BAY CLUB III

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
34242
219
median $1.2M
Active
Same city
SARASOTA
1,771
median $584K
Active
Same type
Condo/Co-op
507
median $449K
Active
Similar price
$532K – $988K
442
median $699K
Active

The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: MICHAEL SAUNDERS & COMPANY