Putnam Realty GroupFlorida Home Value AI · Michael Putnam, Sales Associate

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8302 MIDNIGHT PASS ROAD
$1,400,000

8302 MIDNIGHT PASS ROAD

SARASOTA, FL 34242 · Single Family Residence

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Bedrooms4
Bathrooms2 full
Living area1,386 Sq. Ft.
Total area1,918 Sq. Ft.
Year built1953
Lot size0.24 acres (10,505 Sq. Ft.)
Garage1 spaces, attached
Private poolYes
WaterfrontYes
Flood zoneAE
SubdivisionOCEAN VIEW
Days on market3
MLS numberMFRA4707555

Property taxes: $7,389 (2026) is the current owner's bill. In Florida the bill usually goes up after a sale, when the homestead cap and exemption go away. See what yours would be.

About this home

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.

Features

InteriorCathedral Ceiling(s), Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo, Open Floorplan, Split Bedroom, Walk-In Closet(s), Window Treatments
AppliancesDishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
FlooringCarpet, Ceramic Tile
LaundryIn Garage
WindowsBlinds, Window Treatments
ExteriorRain Gutters
Patio and porchDeck, Enclosed, Screened
PoolGunite, In Ground, Screen Enclosure
SpaIn Ground
FencingFenced
ViewTrees/Woods, Water
WaterfrontLagoon
Body of waterHERON LAGOON
ParkingDriveway, Garage Door Opener, Guest
ConstructionFrame, Wood Siding
RoofShingle
FoundationSlab
StyleFlorida, Ranch
LevelsOne
FacesEast
HeatingCentral, Electric, Heat Pump
CoolingCentral Air
UtilitiesCable Connected, Electricity Connected, Public, Sewer Connected
SewerPublic Sewer
WaterPublic
CommunitySidewalks
PetsYes
FurnishedFurnished
Sale conditionsNone
Elementary schoolPhillippi Shores Elementary
Middle schoolBrookside Middle
High schoolSarasota High
CountySarasota

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Listing courtesy of WILLIAM RAVEIS - FLORIDA LLC, 941-867-3901 (Dawn Bear). Stellar MLS via MLS GRID.

Listings courtesy of Stellar MLS as distributed by MLS GRID. Information is deemed reliable but is not guaranteed accurate by Stellar MLS, MLS GRID, or Putnam Realty Group, and should be independently verified. This information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Properties may be listed by brokerages other than Putnam Realty Group. To report an inaccuracy, contact Michael Putnam at 941-662-9941 or [email protected].