About 9022 Midnight Pass Road
An exceptionally rare opportunity to acquire an assemblage of fully renovated, income-producing, nine-unit, waterfront condominiums as an entire 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 desirable and 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 • New shared coin laundry, ice machine and owner storage facilities • Predominantly 2BR units with select 1BR and studio layouts Renovations & Interior Upgrades: Units have recently completed 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 coin laundry appliances with ice machine and unit 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.
Features of 9022 Midnight Pass Road
| MLS® # | A4687297 |
|---|---|
| Price | $5,995,000 |
| Square Footage | 6,110 |
| Acres | 0.44 |
| Year Built | 1981 |
| Type | Commercial Sale |
| Sub-Type | Multi Family (5+) |
| Status | Active |
Listing Details
| Office | DREAMIFY REAL ESTATE LLC |
|---|
Listing Map
Neighborhood Information for 9022 Midnight Pass Road
Low Residential Turnover, Coastal Area
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
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Victory Baptist Academy Private - Kindergarten to 12Th Grade - Closest Elementry School |
3 Miles | |
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Pine View School Public - 2Nd Grade to 12Th Grade |
3 Miles | |
|
Gulf Gate Elementary School Public - Preschool to 5Th Grade |
3 Miles | |
|
|
Waldorf Sarasota Private - Preschool to 5Th Grade |
3 Miles | |
|
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Saltmeadow School Private - to |
3 Miles | |
|
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Imagine School At Palmer Ranch Public - Preschool to 8Th Grade |
4 Miles | |
|
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Sarasota Virtual Instruction Program Public - Kindergarten to 12Th Grade - Closest Middle School |
4 Miles |
School data provided by GreatSchools