8302 Midnight Pass Road, Sarasota, FL 34242

$1,400,000
  • 8302 Midnight Pass Road, Sarasota, FL 34242 Main Photo

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New to the Market Active
BEDS4 BATHS2 full SQUARE FEET1,659 MLS#A4707555
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONOCEAN VIEW

Property Description

WELCOME TO THE SIDE OF SIESTA KEY YOU NEVER WANT TO LEAVE. Glistening Heron Lagoon stretches peacefully behind this beautifully restored and renovated income producing single family home, while just beyond, the Gulf of Mexico makes its presence known through salty breezes and the sound of waves in the distance. Surrounded by lush tropical greenery on a deep Siesta Key lot, this is an exceptional combination of island lifestyle, 5 Star vacation home with income potential and long term land value. Tax records reflect four bedrooms, with the fourth currently enjoyed as an office, plus two full baths. Single story, built to enhance the open, airy feeling inside, while the home's connection to the outdoors keeps the peaceful lagoon and tropical setting at the center of everyday life. Following the 2024 storms, the home was extensively renovated, fully permitted and improved creating a fresh and beautifully finished property. The new kitchen and baths, gleaming tile floors and light filled interiors are perfectly suited to relaxed island living. Your private pool and spa are surrounded by tropical greenery with the peaceful waters of Heron Lagoon beyond. Spend afternoons by the pool and enjoy spectacular sunset colors. The deep lot provides a wonderful sense of space and privacy, while the substantial brick paver driveway offers abundant parking for owners and guests, an increasingly valuable feature on Siesta Key and an important advantage for a successful vacation rental. For the investor or second home buyer, the opportunity becomes even more compelling. This highly sought after vacation rental generates approximately $114,000 in annual gross rental revenue despite being only self managed by an out of state owner. It offers an established income stream with the flexibility to enjoy the property yourself, creating the possibility of owning a Siesta Key getaway that can also work for you when you are away. Prior to the extensive restoration and improvements that followed, the property received an appraisal with an opinion of value of $1,300,000 as of September 2024. Since that time, substantial additional work and improvements were completed. What cannot be duplicated is the setting and the land. A deep single family homesite on Siesta Key overlooking Heron Lagoon, surrounded by tropical greenery with the Gulf just beyond offers tremendous possibilities. Continue its successful vacation rental use, make it your island getaway, enjoy it as a full time residence, or hold an increasingly scarce piece of Siesta Key real estate for the future. The property offers approximately 1,625 square feet of living area, four bedrooms per tax records, two full baths, a garage, private pool and spa, dock, covered outdoor living space, and extensive brick paver parking. Glistening lagoon views. Gulf breezes and the sound of the waves. Tropical privacy. Deep lot. Generous parking. Proven rental income. Extensive post storm restoration and renovation. Long term Siesta Key land value. This is more than a successful vacation rental. It is a beautiful single family home, an island escape, an income producing property and an opportunity to own a special piece of Siesta Key. Property documentation reflects a 2017 roof, 2020 plumbing re pipe, 2021 water heater and 200 amp electrical service. Flood insurance is 8,734.00 per year, Homeowners insurance is 7,788 per year and there is no HOA. Come for the opportunity. Stay because you may never want to leave.

8302 Midnight Pass Road | MLS# A4707555

This single family home located at 8302 Midnight Pass Road, Sarasota, FL 34242 is currently listed for sale with an asking price of $1,400,000. This property was built in 1953 and has 4 bedrooms and 2 full baths with 1659 sq. ft. Midnight Pass Road is located in the OCEAN VIEW subdivision. Search OCEAN VIEW real estate on www.floridaexecutiverealty.com today.

Property Features

Property Type: Residential - Single Family
Cooling: Central Air
Fenced: Yes
Garage: 1 car attached
Heating: Central, Electric, Heat Pump
Home Style: Florida, Ranch
Lot Size: 0.24 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $7,389
Year Built: 1953

Amenities

Cathedral Ceiling(s)
Ceiling Fans(s)
Eat-in Kitchen
Living Room/Dining Room Combo
Open Floorplan
Split Bedroom
Walk-In Closet(s)
Window Treatments
Rain Gutters

Feature Descriptions

Additional Rooms: Family Room, Great Room
Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Body of Water: HERON LAGOON
Community Features: Sidewalks
Days on Site: 1
Directions: Exit 205 West on Clark Road Left on Midnight Pass Road, Head South. Home is on the right two miles. (No sign at address).
Exterior: Frame, Wood Siding
Fencing: Fenced
Flood Zone Code: AE
Flooring: Carpet, Ceramic Tile
Foundation: Slab
Frontage Lagoon: 51
Frontage Lake: 51
Garage Dimensions: 23x15
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot: In County, Landscaped, Near Public Transit, Private, Sidewalk, Paved
Lot Dimensions: 0.24
Other Structures: Shed(s)
Ownership: Fee Simple
Parking: Driveway, Garage Door Opener, Guest
Parking Notes: Driveway, Garage Door Opener, Guest
Patio/Porch: Deck, Enclosed, Screened
Pets Allowed: Yes
Pool: Gunite, In Ground, Screen Enclosure
Property Attached Y/N: No
Property Sub-Type: Single Family Residence
Sewer: Public Sewer
Showing Instructions: ShowingTime
Spa: In Ground
Special Sale Provisions: None
Special View Info: Water
Swimming Pool: Yes
Utilities: Cable Connected, Electricity Connected, Public, Sewer Connected
Vegetation: Mature Landscaping, Trees/Landscaped
Water: Public
Water Access: Lagoon
Water Access Y/N: Yes
Waterfront Features: Lagoon, Powerboats â?? None Allowed
Water View: Lagoon
Windows: Blinds, Window Treatments
Zoning: RSF2

Room Sizes

Living Room: 13x13
Dining Room: 16x11
Florida Room: 17x14
Kitchen: 17x12
Primary Bedroom: 14x12
Bedroom 2: 13x10
Bedroom 3: 9x9
Bedroom 4: 10x10
Balcony/Porch/Lanai: 38x31
Foyer: 11x7

Local Schools

High School: Sarasota High
Middle School: Brookside Middle
Elementary School: Phillippi Shores Elementary

Listed By / Shown By

Listed By

Agency Name: WILLIAM RAVEIS - FLORIDA LLC
Agency Contact: 941-894-1255

Shown By

Agency Title: Florida Executive Realty
Agency Phone: 813-908-8500

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Estimated Payment

$ 4,139.88 per month $3,115.79 Principal & Interest $615.75 Property Tax $408.33 Homeowner's Insurance

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