$6,500,000 - 9022 Midnight Pass Road, SARASOTA
- -
- Bedrooms
- -
- Baths
- 6,110
- SQ. Feet
- 0.44
- Acres
Under contract-accepting backup offers. An exceptionally rare opportunity to acquire a fully renovated, income-producing, nine-unit, waterfront condominium 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 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.
Essential Information
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- MLS® #:
- A4687297
-
- Price:
- $6,500,000
-
- Square Footage:
- 6,110
-
- Acres:
- 0.44
-
- Year Built:
- 1981
-
- Type:
- Commercial Sale
-
- Sub-Type:
- Multi Family (5+)
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- Status:
- Pending
Community Information
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- Address:
- 9022 Midnight Pass Road
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- Area:
- Sarasota/Crescent Beach/Siesta Key
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- Subdivision:
- CORAL SHORES
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- City:
- SARASOTA
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- County:
- Sarasota
-
- State:
- FL
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- Zip Code:
- 34242
Amenities
-
- Parking:
- Common, Deeded, Ground Level, Lighted, Shared Parking
-
- Is Waterfront:
- Yes
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- Waterfront:
- Waterfront, Bay/Harbor, Bayou, Gulf/Ocean to Bay, Lagoon
Interior
-
- Appliances:
- Dishwasher, Dryer, Microwave, Refrigerator, Washer
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- Heating:
- Central, Electric
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- Cooling:
- Central Air
Exterior
-
- Lot Description:
- FloodZone, Near Public Transit, Sidewalk, Street Lights, Waterfront
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- Roof:
- Shingle
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- Foundation:
- Slab
Additional Information
-
- Days on Market:
- 27
-
- Zoning:
- RMF3/SKOD
Listing Details
- Listing Office:
- Dreamify Real Estate Llc