9022 MIDNIGHT PASS ROAD at

9022 MIDNIGHT PASS ROAD

For sale Days on market 76

$5,995,000

$981/sq ft

$505,000
Price Decreased

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9022 MIDNIGHT PASS ROAD

For sale Days on market 76

$5,995,000

$981/sq ft

$505,000
Price Decreased

Overview

Year Built

1981

Sqft

6110

Property Type

Multi Family (5+)

Property Description

An exceptionally rare opportunity to acquire an assemblage of fully renovated, income-producing, nine-unit, waterfront condominiums as an entire complex located 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 desirable and supply-constrained coastal markets. Property Highlights: • Nine (9) condominium unit assemblage, 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 • New shared coin laundry, ice machine and owner storage facilities • Predominantly 2BR units with select 1BR and studio layouts Renovations & Interior Upgrades: Units have recently completed 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 coin laundry appliances with ice machine and unit 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.

Property Details

MLS#

A4687297

Address

9022 MIDNIGHT PASS

City

Sarasota

State/county

Zip/Postal Code

34242

Area

Coral Shores

Country

United States

HOA

Yes

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$35,201

Maint Fee

$--

Tax Year

2025

Dishwasher

Dryer

Microwave

Refrigerator

Washer

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