9022 MIDNIGHT PASS ROAD, Siesta Key, FL, 34242
1981
6,110 sqft
Under contract-accepting backup offers. 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 units 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.
Status:
Pending
Type:
Commercial
Units:
9
Complex:
CORAL SHORES
Garage:
Common, Deeded, Ground Level, Lighted, Shared Parking
Heating:
Central, Electric
Cooling:
Central Air
Lot Size:
105 x 205 x 100 x 182
Acreage:
0.44
Est. Taxes:
$35,201
Condo Fee
2800.0000
Construction
Vinyl Siding, Wood Frame, Wood Siding
Utilities
BB/HS Internet Capable, Electricity Available, Natural Gas Available, Phone Available, Public, Water Connected
Lot Description:
FloodZone, Near Public Transit, Sidewalk, Street Lights, Waterfront
Days on Market:
9
Pet Policy:
Yes - See Condo Docs
Appliances:
Dishwasher, Dryer, Microwave, Refrigerator, Washer
MLS #:
A4687297
Community Info
School Info
Walk Score
Yelp
Listing courtesy of DREAMIFY REAL ESTATE LLC 941-827-0700