Residential Property - Condominium in Sarasota
SOLD for $2,000,000 on December 18, 2023
Listing Price: $2,075,000Sold Price: $2,000,000Sold Price/List Price: 96%
Sold Price/Original List Price: 90.95%
Description of Property
BREATHTAKING amazing Gulf of Mexico views and ONCE IN A LIFETIME OPPORTUNITY for this ONE-OF-A-KIND condominium residence in the desirable Gulffront Tower building in the Palm Bay Club on the island of Siesta Key. The current owners combined a 2BR unit with the adjacent 1BR unit and redesigned it to create a fabulous 2-bedroom plus den/study, which could be converted to a third bedroom. On the desirable southwest corner of the fifth floor, walls of glass allow for dramatic panoramic beach views. Every room has stunning views of the wide, white quartz-sand beach of #1 Siesta Key beach and the azure Gulf of Mexico. The spacious, light-filled living room has marble floors with a separate dining area. In the kitchen you will find a Subzero refrigerator, an eat-at breakfast bar, ample storage, a pantry room and a view overlooking the beach as you prepare your meals. The owner's suite boasts French doors, a sitting room, a boudoir bathroom with jetted tub, grass cloth wallcoverings and a view looking south at the beach. The guest bedroom is private with an incredible Gulf of Mexico view and ensuite bathroom. The study could be converted back to a third bedroom but currently has a wet bar, many built-ins, work desk and amazing views. This residence includes a powder room, 2 air conditioners, 2 water heaters, newer washer/dryer, surround sound, turnkey furnished and is just waiting for your personal touch and update to make it your own. Resort amenities include private deeded access to white-sand beaches and beach chairs, two heated swimming pools (one beachside), large hot tub overlooking the Intracoastal waterway, barbecue grills, fishing pier, lighted tennis & pickleball courts, fitness center, complimentary wifi and 24-hour security. EXCELLENT RENTAL POTENTIAL as the Palm Bay Club offers an upscale rental program with a 3-day minimum rental policy which is an attractive opportunity as an investment, winter retreat or primary residence. Enjoy the island lifestyle only minutes from the boutiques, fun restaurants and entertainment in Siesta Village and a short drive to museums, theater, art galleries & restaurants in downtown Sarasota.

Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Condominium
City: Sarasota
County: Sarasota
Subdivision: Palm Bay Club I
Bedrooms: 3
Bathrooms: 2
Half Baths: 1
Sq. Ft. Gross: 2,088
Sq. Ft. Living Area: 2,088
Cost per (heated) sqare foot: $994
Year built: 1970
Annual Tax: $8,999
Condo Fee: $6,920 Quarterly
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
- Cable TV
- Common Area Taxes
- Community Pool
- Escrow Reserves Fund
- Insurance
- Maintenance Structure
- Maintenance Grounds
- Manager
- Pest Control
- Pool Maintenance
- Recreational Facilities
- Security
- Sewer
- Trash
- Water
Interior Features:
- Built in Features
- Ceiling Fans(s)
- Eating Space In Kitchen
- Elevator
- Living Room/Dining Room Combo
- Open Floorplan
- Solid Surface Counters
- Split Bedroom
- Wet Bar
- Window Treatments
Appliances:
- Bar Fridge
- Dishwasher
- Dryer
- Electric Water Heater
- Microwave
- Range
- Refrigerator
- Washer
Accessibility Features:
Window Features: Blinds, Window Treatments
Additional Rooms: Florida Room, Inside Utility
Ceiling Type:
Flooring:
- Carpet
- Ceramic Tile
- Marble
- Tile
Schools
Elementary School: Phillippi Shores Elementary
Middle/Junior High School: Brookside Middle
High School: Sarasota High
Pool & Waterfront Info
Private Pool: Not specified
Pool Features:
- Gunite
- Heated
- In Ground
- Lighting
Spa Features: Heated, In Ground
Water Front: Yes
Water Frontage: Beach, Gulf/Ocean
Water Access: Yes
Water Access Type:
- Bay/Harbor
- Beach
- Beach - Access Deeded
- Gulf/Ocean
- Gulf/Ocean to Bay
- Intracoastal Waterway
Water View:
- Beach
- Gulf/Ocean - Full
- Gulf/Ocean - Partial
Water Name: Gulf Of Mexico
Water Extras:
- Dock - Open
- Dock - Slip 1st Come
- Fishing Pier
Exterior & Construction
Architectural Style: Florida
Construction: Concrete
Foundation: Stilt/On Piling
Roof: Built-Up
- Lighting
- Outdoor Grill
- Outdoor Shower
- Tennis Court(s)
Carport: Yes
Parking Features:
Floors Total: 11
Floors in Unit: One
Cooling: Central Air, Zoned
Heating & Fuel: Central, Electric
Electric:
Patio & Porch Features: Covered, Enclosed
Security Features:
Other Structures: Gazebo, Tennis Court(s)
View: Water
Fencing:
Utilities:
- Cable Connected
- Electricity Connected
- Public
- Water Connected
Sewer: Public Sewer
Water Source: Public
Community Features:
- Buyer Approval Required
- Clubhouse
- Deed Restrictions
- Fishing
- Fitness Center
- Pool
- Tennis Court(s)
- Water Access
- Waterfront
Association Amenities:
- Cable TV
- Clubhouse
- Elevator(s)
- Fitness Center
- Gated
- Maintenance
- Pickleball Court(s)
- Pool
- Recreation Facilities
- Security
- Tennis Court(s)
Lot Information
Lot Features:
Front Exposure: South
Adjoining Property:
Current Adjacent Use:
Legal Description & Other Information
Financing Available: Cash, Conventional
Parcel Number: 0105136031
Zoning: RMF3
Pets Allowed/Pet Policies: No
Tax Legal Desc.: UNITS G-51 & G-58 PALM BAY CLUB OF SARASOTA SEC 1 OR 2255/1308
Listing courtesy of COLDWELL BANKER REALTY. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.