8302 MIDNIGHT PASS RD, SARASOTA, FL, 34242
$1,400,000
Residential
|
Bedrooms
4
|
Bathrooms
2
|
Living Area
1,659 Sqft
|
Lot Size
10,505 Sqft
|
WELCOME TO THE SIDE OF SIESTA KEY YOU NEVER WANT TO LEAVE. Glistening Heron Lagoon stretches peacefully behind this beautifully restored and renovated 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, proven 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 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 over the back of the property. 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, irrigation 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.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRA4707555 | Year Built: | 1953 | |
| Appliances: | Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer | Architectural Style: | Florida, Ranch | |
| Community Features: | Sidewalks | Construction Materials: | Frame, Wood Siding | |
| Cooling: | Central Air | Country: | US | |
| County Or Parish: | Sarasota | Direction Faces: | East | |
| Exterior Features: | Rain Gutters | Fencing: | Fenced | |
| Flooring: | Carpet, Ceramic Tile | Foundation Details: | Slab | |
| Furnished: | Furnished | Heating: | Central, Electric, Heat Pump | |
| Laundry Features: | In Garage | Levels: | One | |
| Listing Agreement: | Exclusive Right To Sell | Listing Terms: | Cash, Conventional | |
| Lot Features: | In County, Landscaped, Near Public Transit, Private, Sidewalk, Paved | Occupant Type: | Vacant | |
| Other Structures: | Shed(s) | Parking Features: | Driveway, Garage Door Opener, Guest | |
| Patio And Porch Features: | Deck, Enclosed, Screened | Pets Allowed: | Yes | |
| Pool Features: | Gunite, In Ground, Screen Enclosure | Property Condition: | Completed | |
| Property Sub Type: | Single Family Residence | Property Type: | Residential | |
| Road Surface Type: | Paved | Roof: | Shingle | |
| Sewer: | Public Sewer | Showing Requirements: | ShowingTime | |
| Spa Features: | In Ground | Special Listing Conditions: | None | |
| Standard Status: | Active | State Or Province: | FL | |
| Utilities: | Cable Connected, Electricity Connected, Public, Sewer Connected | Vegetation: | Mature Landscaping | |
| View: | Trees/Woods, Water | Water Source: | Public | |
| Waterfront Features: | Lagoon | Window Features: | Blinds, Window Treatments | |
| Rooms | Rooms | |||
|---|---|---|---|---|
| Living Room: | 13x13 ft | Dining Room: | 16x11 ft | |
| Florida Room: | 17x14 ft | Kitchen: | 17x12 ft | |
| Primary Bedroom: | 14x12 ft | Bedroom 2: | 13x10 ft | |
| Bedroom 3: | 9x9 ft | Bedroom 4: | 10x10 ft | |
| Balcony/Porch/Lanai: | 38x31 ft | Foyer: | 11x7 ft | |
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