8008 MIDNIGHT PASS ROAD
About This Property
Inside, the home has undergone an impressive transformation with new flooring, fresh interior paint, designer lighting, updated staircase railings, Sonos audio, and integrated smart-home features. At the heart of the home is a completely remodeled kitchen featuring custom cabinetry, quartzite countertops and backsplash, Viking appliances, a custom range hood, dedicated bar area, and Viking ice maker. Expansive living and dining spaces open to a screened lanai overlooking the water, creating an effortless connection between indoor and outdoor living.
Outside, enjoy your private pool and spa, covered entertaining areas, refreshed landscaping, basketball court, and direct access to Heron Lagoon from your private dock and kayak/paddleboard launch. Additional improvements include new pool equipment and lighting, lanai screening, exterior paint and lighting, front pavers, entry gate and wall, spray-foam attic insulation, and more.
Whether spending the morning paddling the lagoon, relaxing poolside in the afternoon, or heading to the beach for sunset, 8008 Midnight Pass captures the relaxed sophistication of the Siesta Key lifestyle. Extensively updated and move-in ready, this is an opportunity to enjoy waterfront island living without taking on a major renovation.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 28, 2026 | Price Decreased |
$3,400,000
↓ $200K
(5.6%) | |
| Price Decreased | |||
| Jul 1, 2026 | Price Decreased |
$3,600,000
↓ $150K
(4%) | |
| Price Decreased | |||
| Apr 14, 2026 | Price Decreased |
$3,750,000
↓ $100K
(2.6%) | |
| Price Decreased | |||
| Jan 10, 2026 | Price Decreased |
$3,850,000
↓ $100K
(2.5%) | |
| Price Decreased | |||
| Nov 20, 2025 | Listed by EXP REALTY LLC | $3,950,000 | |
| Listed by EXP REALTY LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017