9022 Midnight Pass Road, Siesta Key, FL 34242
- $6,500,000
- 6,110
- SqFt
- List Price
- $6,500,000
- Status
- ACTIVE
- MLS#
- A4687297
- Living Area
- 6,110
- Subdivision
- Coral Shores
Property Description
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 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 • 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.
Additional Information
- Year Built
- 1981
- Construction
- Vinyl Siding, Frame, Wood Siding
- Living Area
- 6,110
- Acres
- 0.44
- Cooling
- Central Air
- Heating
- Central, Electric
- Parking
- Common, Deeded, Ground Level, Lighted, Shared Parking
- View
- Gulf/Ocean to Bay
- Waterfront
- Yes
- Waterfront Description
- Bay/Harbor, Bayou, Gulf/Ocean to Bay, Lagoon
- Water
- Sailboat Water, Boatable Water, Bay View, Bay Front, Beach Front, Beach View, Beach Access, Lake Front
- Sewer
- Public Sewer
- Pets
- Yes
Listing courtesy of DREAMIFY REAL ESTATE LLC.
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