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4540 GULF OF MEXICO DRIVE UNIT PH5

Penthouse Recently Sold
$525,000

BTC: 8.05461798

ETH: 275.93238868

Sold on: 2021-06-03
26 days
Waterfront
2 bds
2 ba
1,312 sqft

Overview

A Buyer's issue has this gem of a condo back on the market AND the Seller has reduced the price for a quick sale. Don't miss this opportunity to own a piece of paradise. The expansive Sarasota Bay sunrises and Gulf of Mexico sunsets are even better in person and are included free with your purchase. You're going to love this sunny and bright 2 Bedroom/2 Bathroom, Turn-Key Furnished (Furniture and Carpets are less than a year old), Open Concept, PENTHOUSE condo (no one living above!) that is ready for immediate enjoyment or earning much desired rental income. You'll enjoy easterly sunrises, tropical bird life, and shimmering water views through your easterly water/preserve front windows plus gorgeous sunsets from your westerly facing kitchen window. This wonderfully updated home has an open concept floor plan, perfect for good times with family and friends. The kitchen has newer stainless steel appliances including Bosch, Samsung and Frigidaire. The custom maple cabinets have soft close drawers, cutlery trays and corner 'lazy susans'. The kitchen is open to the sunny great room with crown moulding and an 8' window overlooking the bay and mangrove preserve. There is a great flow to this floor plan with direct access to the Florida Room/Lanai with its 22' of floor to ceiling hurricane impact windows with views you have to see to believe. There is also a large walk-in storage closet on the lanai for all your 'toys' or use the lanai and storage to create a home office/2nd lounging space perfect for a work/life balance. The owner's suite with crown moulding is nestled on the far side of the home for ultimate privacy and has direct access to the water view lanai. Imagine awakening to the sight of birds taking flight from their tree top perches and soaring over the Bay waters. The newly remodeled 2021 ensuite owner's bathroom includes a large shower with custom glass enclosure, marble topped vanity, glistening subway tile, custom bead board walls and custom, walk-in California Closet. Your guests will also love their water view room that has direct lanai access, abundant storage in the full wall of custom built-ins, crown moulding and the newly renovated guest hall bath with glistening new tile, decorative mosaic inlay tiles, marble top vanity and custom shower. This condo has been lovingly maintained and has in-unit laundry plus a 2019 HVAC. There is one assigned under-building parking spot with an adjacent storage unit, ample guest parking, and common elevator. Windward Bay is amenities rich with 2 heated pools, 2 saunas, fitness center, locker rooms, clubhouse with catering kitchen, lending library, 2 marinas with slips (30' Max Boat Length) that can be rented for $60/month or $65/month with an owner supplied lift, 2 kayak launches and kayak storage for $80/year, fishing, three beach accesses directly across the street for fun times on the sand and Gulf of Mexico waters, shuffleboard, tennis, pickle ball, community pay-per-load laundry in each mid-rise building, 1/2 mile of walking paths, fruit trees and professional management. This community is pet friendly with 2 large dogs allowed, one up to 75 pounds. Rentals are permitted with a one month minimum rental period, up to two different renters per year.

Location

Details

Type:
Residential
Parking:
Assigned / Common / Ground Level / Guest / Under Building
Year Built:
1975
Lot:
26.67 Acres
Heating:
Central
Price/sqft:
$400
Cooling:
Central Air
HOA:
$665

Valuation

Our model vs. what's actually selling nearby.
Estimate
$602,450
$523K – $714K
Confidence Low
List vs. estimate
$77K below estimate
List $525,000 · -12.9%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$400
-84.9% vs. city median $2,645
Based on
8 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$4,422
2020
HOA
$665/mo
Cable TV, Common Area Taxes, Community Pool
Pool
Child Safety Fence
View
Water
Waterfront
Waterfront, Bay/Harbor
Garage
1 car garage
Furnished
Turnkey
Pets
Number Limit, Size Limit
All facts and features
  • Flooring

    • Carpet

    • Tile

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Disposal

    • Dryer

    • Electric Water Heater

    • Microwave

    • Range

    • Refrigerator

    • Washer

    Other interior features

    • Ceiling Fan(s)

    • Kitchen/Family Room Combo

    • Living Room/Dining Room Combo

    • Primary Bedroom Main Floor

    • Open Floorplan

    • Solid Wood Cabinets

    • Stone Counters

    • Thermostat

    • Walk-In Closet(s)

    • Window Treatments

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 2

  • Parking

    • Assigned

    • Common

    • Ground Level

    • Guest

    • Under Building

    Property

    • Levels: One

    • Exterior Features: Irrigation System / Lighting / Outdoor Grill / Outdoor Shower / Sidewalk / Storage / Tennis Court(s)

    Lot

    • Lot: 26.67 Acres

    Other Property Information

    • Parcel Number: 8007915450

    • Zoning: R4MX

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Utility

    • Cable Connected

    • Electricity Connected

    • Fire Hydrant

    • Phone Available

    • Public

    • Sewer Connected

    • Street Lights

    • Water Connected

  • Other financial information

    • HOA: $665

    • HOA Frequency: Monthly

    • Annual tax amount: $4,422

  • Source details

    • MLS ID: A4494011

    Other facts

    • Construction Materials: Stucco

    • Foundation Details: Stem Wall

    • Fireplace Features: Other Room / Non Wood Burning

    • Laundry Features: Inside / Laundry Closet

    • Lot Features: City Lot / In County / Level / Near Golf Course / Near Marina / Near Public Transit / Sidewalk / Street Dead-End

    • Patio And Porch Features: Enclosed / Porch

    • Pool Features: Child Safety Fence / Gunite / Heated / In Ground / Lap / Lighting / Outside Bath Access

    • Window Features: Thermal Windows

    • Direction Faces: East

    • Other Structures: Storage / Tennis Court(s)

    • Architectural Style: Mediterranean

    • Waterfront: Yes

    • Fireplace: Yes

    • Water Body Name: SARASOTA BAY

    • Garage Spaces: 1

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 1312

    • Water Source: Public

    • Subdivision Name: WINDWARD BAY AMD

Private inquiry
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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: COLDWELL BANKER REALTY