8802 Midnight Pass ROAD
About This Property
Lot, plans, down payment & permits only.
Builder special!!! Vacant lot with architectural plans, permits in the County, trusses preordered and paid windows deposit (25%) for an expedited building process. No need to wait! Construction already started for this 3625 sq ft modern house with a pool and amazing water views! The buyer has the option of choosing a builder or continuing with an existing one for a smoother process. The detailed plans are available upon request.
This lot is within Tortoise Estates, a beautiful enclave of million-dollar homes. Tortoise Estates has deeded Gulf-side beach access allowing you to enjoy long sunset walks and daily sun-soaked naps. This community is just a short walk from Turtle Beach and several waterfront restaurants. Don't miss this opportunity! Scroll through listing attachments to find details of this dream luxury home.
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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 |
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| May 7, 2023 | No longer available | - | |
| No longer available | |||
| Apr 13, 2023 | Listed by Bright Realty | $4,550,000 | |
| Listed by Bright Realty | |||
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One or more photo(s) has been virtually staged. Under Construction. Introducing another luxurious home by M&J Pham Development on Siesta Key. An exquisite residence that offers unparalleled comfort, style, and elegance. With 4 bedrooms and 4.5 bathrooms spread across 3,676 square feet of living space, this stunning property boasts a spacious layout that is perfect for families, couples, and anyone who values coastal living.On the second floor, you will find the heart of the home, which features a large, open floor plan living area that is excellent for entertaining guests or relaxing with family. The kitchen on this level is a chef's dream, featuring high-end Viking appliances, an oversized island, and plenty of counter space for meal preparation. The living area boasts vast windows that provide natural light that creates a warm and inviting ambiance.Also located on the second floor is the master bedroom and bathroom. This lavish suite is the great place to retreat after a long day, offering ample space and impressive amenities. The master bathroom features a soaking tub, a separate walk-in shower, and a double vanity.On the third floor of this magnificent home, you will find three additional bedrooms, each offering its own unique charm and character. The sizable balcony on this level provides breathtaking views of the gulf, making it the place to unwind and take in the beauty of the surrounding area.One of the standout features of this property is its deeded access to the beach, giving you and your guests easy and convenient access to one of the most beautiful beaches in the world. The crystal clear waters and soft, white sand of Siesta Key Beach are just steps away from your front door, providing endless opportunities for swimming, sunbathing, and water sports.Photos are of similar finishes, layout of home may vary. *finishes are subject to change due to possible supply delays of certain products The manager has listed the unit size as 3676 square feet.
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| Sep 12, 2022 | No longer available | - | |
| No longer available | |||
| Aug 20, 2022 | Price Decreased |
$4,995,000
↓ $500K
(9.1%) | |
| Price Decreased | |||
| May 6, 2022 | Listed by KELLER WILLIAMS ISLAND LIFE REAL ESTATE | $5,495,000 | |
| Listed by KELLER WILLIAMS ISLAND LIFE REAL ESTATE | |||
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One or more photo(s) has been virtually staged. Under Construction. Act now to own one of the most incredible properties on Florida’s Gulf Coast. Developed by M&J Pham Homes, this opulently appointed masterpiece boasts over 3,676 square feet of living space and offers the rarest opportunity to own a grand residence on the prized southern end of Siesta Key. Located in Tortoise Estates, every discerning need and preference is provided, including deeded beach access to one of the best beaches in America. The Tramonto is a 4 story home where modern contemporary architecture and prestigious coastal comforts combine and rise from a tropical setting. Intended to exceed your expectations, Tramonto represents the pinnacle of luxury coastal living. Make your way through paver pathways that set the stage for this outstanding showpiece. Head to your sleek gourmet kitchen which boasts Viking appliances, quartz countertops, a wine refrigerator, double ovens, and a 6 burner range designed to maximize form and function. The oversized terraces throughout will provide a glamorous stage for entertaining guests and watching the breathtaking sunsets. Entertain soirées of any size in the expansive living areas with a seamlessly flowing indoor/outdoor floor plan. All four suites feature full ensuite baths and terrace access. The private backyard oasis offers an outdoor kitchen that allows for alfresco meals while enjoying a view of your exceptional saltwater pool and spa. Your resort-like outdoor space is complete with a pool bath. The Gulf views from the rooftop sunset terrace will provide a constant reminder of why you decided to make this home yours. Explore and savor the breathtaking waterways and explore Midnight Pass Beach which is only accessible by boat. When you are finished, drop off your boat at the nearby Marina. Additional features include a three-car garage and elevator.Enjoy peace and serenity, without missing out on the hustle and bustle of Siesta Key life waiting right around the corner for you to enjoy. Imagine having all of this at your luxury estate… plus having everything else you love to do only minutes away… the best beaches, endless Gulf waters, golf courses, shopping, dining, entertainment, shelling, fishing, and watersports. If you can dream it, you will find it here on Siesta Key. Living in the Tramonto will make vacation an everyday reality and help you unlock the magic of life. Paradise awaits you in this rarely available surreal setting conveniently located steps from the beach, minutes from Siesta Key Village, the white sand of world renowned Siesta Key Beach, the #1 beach in America, and only 15 minutes from Downtown Sarasota’s vibrant eateries, theaters, shops, and artist enclaves, as well as Sarasota Memorial Hospital and Southside Village. Let this home redefine the luxury of island living for you and your loved ones. Go under contract quickly to take advantage of the current pricing. With rising construction costs and demand for materials and labor, lock-in price now, as price will increase as construction continues! *Great investment property, Airbnb, 1031 Exchange, etc. Rental analysis attached.* The manager has listed the unit size as 3676 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017