9022 MIDNIGHT PASS RD Sarasota, FL 34242
6,110 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi-Family 5+
Listing Status Pending
Purchase Type For Sale
Square Footage 6,110 sqft
Price per Sqft $1,063
Subdivision Coral Shores
MLS Listing ID A4687297
Condo Fees $2,800
Construction Status Completed
HOA Y/N No
Annual Recurring Fee 11200.0
Year Built 1981
Annual Tax Amount $35,201
Lot Size 0.440 Acres
Acres 0.44
Lot Dimensions 105x205x100x182
Property Sub-Type Multi-Family 5+
Source Stellar MLS
Property Description
adjacent to Turtle Beach on world-renowned Siesta Key. Coral Shores offers immediate short-term rental income opportunity, paired with long-term redevelopment and appreciation potential, in one of Florida's most supply-constrained coastal markets.
Property Highlights:
• Nine (9) condominium units sold as a package
• Just under 0.50-acre waterfront site
• Direct Sarasota Bay to Gulf of Mexico access – no bridges
• Four private docks with eight slips (up to ~40'+ vessels)
• Heated in-ground swimming pool
• Large central parking lot for tenants and guests
• Shared laundry and owner storage facilities
• Predominantly 2BR units with select 1BR and studio layouts
Renovations & Interior Upgrades:
All units have recently completed extensive renovations featuring modern coastal interiors, updated kitchens with new appliances, stone countertops and new cabinetry, glass-enclosed contemporary bathrooms, new flooring, trim, windows, and select in-unit laundry, new common pay laundry appliances with storage closets, new raised HVAC units, new pool pump equipment, and more. The property is fully turnkey for continued short-term rental use.
Income & Zoning Upside:
Currently operating as weekly short-term rentals with strong seasonal occupancy. Zoned for low-rise condominiums (2–3 stories), with surrounding properties zoned mid-rise (4–6 stories), providing future redevelopment or density expansion potential subject to approvals.
More detail is available with executed NDA.
Location
State FL
County Sarasota
Community Coral Shores
Area 34242 - Sarasota/Crescent Beach/Siesta Key
Zoning RMF3/SKOD
Interior
Heating Central, Electric
Cooling Central Air
Flooring Ceramic Tile, Luxury Vinyl
Appliance Dishwasher, Dryer, Microwave, Refrigerator, Washer
Exterior
Parking Features Common, Deeded, Ground Level, Lighted, Shared Parking
Community Features Beach Area, Sidewalks, WiFi/Common Internet Service
Utilities Available BB/HS Internet Capable, Electricity Available, Natural Gas Available, Phone Available, Public, Water Connected
Waterfront Description Bay/Harbor,Bayou,Gulf/Ocean to Bay,Lagoon
View Y/N Yes
Water Access Yes
Water Access Desc Bay/Harbor,Bayou,Gulf/Ocean to Bay,Lagoon
Roof Type Shingle
Building
Lot Description FloodZone, Near Public Transit, Sidewalk, Street Lights, Paved, Waterfront
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding,Frame,Wood Siding
New Construction false
Construction Status Completed
Others
Pets Allowed Yes - See Condo Docs
Ownership Condominium
Monthly Total Fees $933
Acceptable Financing Cash, Commercial Financing
Listing Terms Cash, Commercial Financing
Special Listing Condition None
Virtual Tour https://youtu.be/KJ-x1WUYIOY?si=7PlDoV4HFNUkyjrd
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