Friday, May 18, 2012

Investment Opportunities at Midnight Cove on Siesta Key

Another potential investment opportunity to consider is a condo at Midnight Cove. These condominiums, which stretch from the Gulf of Mexico to Little Sarasota Bay, allow weekly rentals and have an excellent on-site rental program. There is deeded beach access at Midnight Cove on the Gulfside. Amenities at this beautiful resort include a club house, swimming pool and tennis courts.

There are currently 17 Midnight Cove condos for sale on over 11 acres of tropically lanscaped grounds. Prices range from $229,000 for a 2 bedroom, 1 and 1/2 bath unit with 860 square feet to $749,000 for a spacious unit with over 1400 square feet and 2 bedrooms, 2 baths. One condo is under contract and 6 condos have sold in the last six months.  Recent sales prices ranged from $250,000 to $670,000.

Siesta Key Public Beach and Siesta Key Village are both within minutes of Midnight Cove. The public beach provides beach chairs and umbrellas rentals, a Pavilion with refreshments and rest room facilities. There are also volleyball and tennis courts for the active beach set.

For cultural activities, spend an evening away from the beach in downtown Sarasota. A bustling commercial environment yet culturally rich. Visit the ballet, opera, symphony or the many galleries on Palm Avenue. There is theatre available in Sarasota too.

Contact the John Allen Team at 941-544-6467 if you are interested in viewing Siesta Key neighborhoods. Our Siesta Key REALTORS will guide you through a smooth real estate transaction.

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