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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

         Date of report (Date of earliest event reported): May 12, 2005

                        SUNSET FINANCIAL RESOURCES, INC.
             (Exact name of Registrant as specified in its Charter)

           Maryland                    001-32026                 16-1685692
(State or other jurisdiction of       (Commission             (I.R.S. Employer
 incorporation or organization)       file number)        Identification Number)

           10245 Centurion Parkway North, Jacksonville, Florida 32256
               (Address of principal executive offices) (Zip Code)

       Registrant's telephone number, including area code: (904) 425-4099

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ]  Written communications pursuant to Rule 425 under the Securities
     Act (17 CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange
     Act (17 CFR 240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))

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ITEM 8.01. OTHER EVENTS.

Attached as Exhibit 99.1 is a press release issued by the registrant on
May 12, 2005.

ITEM 9.01. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

(c)   Exhibits

      99.1  Press Release issued May 12, 2005.

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                                    SIGNATURE

    Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

Date: May 13, 2005

                                               SUNSET FINANCIAL RESOURCES, INC.

                                               By:  /s/ Michael Pannell
                                                    ----------------------------
                                                    Chief Financial Officer

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                                INDEX TO EXHIBITS

EXHIBIT
NUMBER       DESCRIPTION
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  99.1       Press Release issued May 12, 2005

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