Waterfront
Address
9022 Midnight Pass Road, SARASOTA, FL
Price
$ 5,995,000
Property Attributes
- MLS#A4687297
- TypeCommercial
- Listing Status Active
- CountySarasota
- CitySARASOTA
- AreaSarasota/Crescent Beach/Siesta Key
- NeighborhoodCORAL SHORES
- Zip34242
- StyleMulti Family (5+)
- Year Built1981
- Taxes$ 35201
- Price$ 5,995,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage6110
- Lot Size0.44 Acres
Data Source:
Stellar MLS
Property Description
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.
| Price History | |
|---|---|
| 3/24/2026 | Listed $6,500,000 |
| 8/3/2026 | 8$5,995,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Central,Electric |
| Cooling | Central Air |
| Utilities | BB/HS Internet Capable,Electricity Available,Natural Gas Available,Phone Available,Public,Water Connected |
| Possession | Close Of Escrow |
| Roof | Shingle |
| Appliances | Dishwasher,Dryer,Microwave,Refrigerator,Washer |
| Zoning | RMF3/SKOD |
| Security Features | Closed Circuit Camera(s) |
| Construction Materials | Vinyl Siding,Wood Frame,Wood Siding |
| Pets Allowed | Yes - See Condo Docs |
| Year Built | 1981 |
| Electric | 100 Amp Service,200+ Amp Service,110 Volts,220 Volts,Separate Meters |
| Property Subtype | Multi Family (5+) |
| Tax Year | 2025 |
| Ownership | Condominium |
| Waterfront Features | Waterfront,Bay/Harbor,Bayou,Gulf/Ocean to Bay,Lagoon |
| Community Features | Beach Area,Sidewalks,WiFi/Common Internet Service |
| Additional Parcels Description | 0129174001,0129174002,0129174003,0129174004,0129174005,0129174006,01291740070129174008 |
| County | Sarasota |
| New Construction | false |
| Property Type | Commercial Sale |
| Subdivision Name | CORAL SHORES |
| Status | Active |
| Directions | US41/Tamiami Trail to west on Stickney Point Road to south on Midnight Pass Road to property on right. |
| City | SARASOTA |
| Number Of Units Total | 9 |
| MLS Area | 34242 - Sarasota/Crescent Beach/Siesta Key |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 19231 |
| Listing Terms | Cash |
| Tax Annual Amount | 35201 |
| Property Condition | Completed |
| Additional Parcels Y/N | true |
| Virtual Tour | https://youtu.be/KJ-x1WUYIOY?si=7PlDoV4HFNUkyjrd |
| Building Area Units | Square Feet |
| Living Area Units | Square Feet |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Tax Lot | 9022 |
| Legal Description | UNIT 111 CORAL SHORES,UNIT 112 CORAL SHORES,UNIT 213 CORAL SHORES,UNIT 224 CORAL SHORES,UNIT 315 CORAL SHORES,UNIT 317 CORAL SHORES,UNIT 326 CORAL SHORES,UNIT 328 CORAL SHORES |
| Water View | Bay/Harbor - Full,Bayou,Gulf/Ocean to Bay,Lagoon |
| Water Access Type | Bay/Harbor,Bayou,Gulf/Ocean to Bay,Lagoon |
| Water Access Y/N | true |
| Monthly Condo Fee Amount | 933 |
| Water View Y/N | true |
| Flood Zone Code | AE |
| DockY/N | true |
Interior Features
| Flooring | Ceramic Tile,Luxury Vinyl |
|---|---|
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Window Features | Aluminum Frames,Blinds,Drapes,Rods,Storm Window(s),Window Treatments |
| LivingAreaSource | Public Records |
Exterior Features
| Parking Features | Common,Deeded,Ground Level,Lighted,Shared Parking |
|---|---|
| Lot Features | FloodZone,Near Public Transit,Sidewalk,Street Lights,Waterfront |
| Water Source | Public |
| Lot Size Area | 19231 |
| Foundation Details | Slab |
| Number of Buildings | 3 |
| Building Area Total | 7494 |
| Lot Dimensions | 105 x 205 x 100 x 182 |
| Lot Size Acres | 0.44 |
| Road Surface Type | Paved,Asphalt |
| Waterfront Y/N | true |
| Number of Separate Water Meters | 9 |
| Number of Separate Electric Meters | 9 |
| Road Frontage Type | Street Lights,Street Paved,County Road |
| Number of Lots | 1 |
| Road Responsibility | Public Maintained Road |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 34242
Price
Taxes
Year Built
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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.
Updated on September 26, 2026 9:56 AM UTC
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© 2026 Greater Alabama MLS. IDX 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. IDX content is not guaranteed accurate by the MLS or Numen Realty Advisors. Data last updated: September 26, 2026 9:40 AM UTC
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
