by Global Lifestyle Properties

Check Availability
Sarasota 34242 Ocean View
8302 MIDNIGHT PASS ROAD
$1,400,000
● House - For Sale

8302 MIDNIGHT PASS ROAD

SARASOTA, FL 34242
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,659 Ft²
$7,491
Est. Monthly

About This Property

WELCOME TO THE SIDE OF SIESTA KEY YOU NEVER WANT TO LEAVE. Glistening Heron Lagoon stretches peacefully behind this beautifully restored and renovated income producing 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,  5 Star vacation home with 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, fully permitted 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.  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, 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.
Unit Size
1,659 Ft²
Days on Market
16 days
Land Size
0.24 acres
Price per sqft
$844
Property Type
House
Property Taxes
$616
HOA Dues
-
Year Built
1953

Listed By

Dawn Bear
KEY SOLUTIONS REAL ESTATE GRP

Payment Calculator

Cap Rate Calculator

Last updated: 15 days ago (Stellar MLS #A4707555)

Price History

Date / Event Date Event Price
Sep 26, 2026 Listed by WILLIAM RAVEIS - FLORIDA LLC $1,400,000
Listed by WILLIAM RAVEIS - FLORIDA LLC
Apr 4, 2019 No longer available -
No longer available
Mar 1, 2019 Sold
Sold
Jan 22, 2019 Listed by WILLIAM RAVEIS - FLORIDA LLC $549,000
Listed by WILLIAM RAVEIS - FLORIDA LLC

Property Highlights

Garage
Air Conditioning
With View
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Driveway, Garage Door Opener, Guest
Garage Spaces: 1
Interior Details
Full Bathrooms: 2
Interior Features: Cathedral Ceiling(s), Ceiling Fan(s), Open Floorplan, Walk-In Closet(s), Eating Space In Kitchen, Living Room/Dining Room Combo, Split Bedroom, Window Treatments
Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Flooring Type: Carpet, Ceramic Tile
Door Features: Sliding Doors
Laundry Features: In Garage
Rooms: 10
Exterior Details
Square Footage: 1659
Square Footage Source: $0
Property Condition: Completed
Architectural Style: Ranch, Florida
Year Built: 1953
Waterfront Features: Waterfront, Lagoon
Waterbody Name: HERON LAGOON
Building Area Total: 1918
Levels: One
Other Structures: Shed(s)
Building Area Units: Square Feet
Window Features: Blinds, Window Treatments
Construction Materials: Wood Siding, Wood Siding
Patio and Porch Features: Deck, Enclosed, Screened
Pool Features: Gunite, In Ground, Screen Enclosure
Pool is Private
Lot Features: Landscaped, Near Public Transit, Private, In County, Sidewalk
Lot Size Area: 10505
Lot Size Units: Square Feet
Lot Size Acres: 0.24
Lot Size Square Feet: 10505
Tax Lot: 16
Water Source: Public
Financial Details
Tax Annual Amount: $7,389
Lease Considered: Yes
Utilities Details
Cooling Type: Central Air
Heating Type: Central, Electric, Heat Pump
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1993
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 6
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 532
  • Parking Space Count: 2
  • Patio Type: 5
  • Porch Type: 77
  • Pool Type: 8
  • Location Influence Type: 27

    Dimensions

  • Lot Size Square Feet: 10,505
  • Lot Size Depth Feet: 2,130
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,918
  • Gross Building Area: 1,918
  • Building Area: 1,386
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,386
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OCEAN VIEW
  • Land Acres: 0000000241
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: LOT 16 BLK B OCEAN VIEW

Neighborhood

  • School District Name: Sarasota County School District
  • School Tax School District: L018 A055 F052
  • Census Tract: 001909

Zoning

  • Zoning: RSF2

Geography

  • Assessors Map Reference: 29C
  • Account Number: 0128070010
  • Subdivision Tract Number: 491
  • Parcel: 0128-07-0010
  • Block: B
  • Lot: 16
  • Meridian: SEC 29 TWN 37S RNG 18E
  • Municipality: SARASOTA COUNTY
  • Latitude: 27.2307
  • Longitude: -82.5206

    Address

  • Full Address: 8302 Midnight Pass Rd
  • Address - House Number: 8302
  • Address - Street Name: Midnight Pass
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Sarasota
  • Carrier Code: C071
  • 4-Digit Zip Code: 2704
  • Zip Code: 34242

Valuation

    Tax

  • Total Area: 1,918
  • Tax Year: 2023
  • Tax Amount: $936,745
  • Tax Rate Code Area: 1800

    Appraisal Valuation

  • Standard Deviation: 0.1931
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 74
  • Final Value: 828,641
  • High Value: 988,655
  • Low Value: 668,627

    Market Valuation

  • Market Total Value: $880,000
  • Market Land Value: $608,500
  • Market Improvement Value: $271,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $880,000
  • Assessed Land Value: $608,500
  • Assessed Improvements Value: $271,500

    Sales

  • Current Sale Contract Date: Feb 28, 2019
  • Current Sale Recording Date: Mar 01, 2019
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2019025123
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Ocean View


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 2544 Carlisle Place, FL, 34231

$6,000 /mo

  • 2 Beds
  • 2 Baths
  • 1,690 ft²
2544 Carlisle Place, FL, 34231 Listing by Teresa Ribaudo
Unit for rent at 1203 Lyric Lane, FL, 34242

$7,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,596 ft²
1203 Lyric Lane, FL, 34242 Listing by Tracy Srodes
Unit for rent at 1731 Redwood Street, SARASOTA, FL, 34231

$5,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,234 ft²
1731 Redwood Street, SARASOTA, FL, 34231 Listing by Beth Dilley


Frequently Asked Questions

When was property at 8302 Midnight Pass Road built and last sold?
The property at 8302 Midnight Pass Road was built in 1953 and last sold on Feb 28, 2019 for $539,000.
How much is this home worth?
The estimated value of the home located at 8302 Midnight Pass Road is $1,353,928.
What are some comparable homes to 8302 Midnight Pass Road?
There are currently no comparable homes to 8302 Midnight Pass Road.