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9022 MIDNIGHT PASS ROAD

Commercial Active With Contract
$6,500,000

BTC: 101.16731518

ETH: 3,416.30576462

9 days
Waterfront
0 room(s)
6,110 sqft

Overview

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.

Location

Florida • SARASOTA • 34242 • Commercial • Active With Contract • Waterfront

Details

Type:
Commercial Sale
Parking:
Common / Deeded / Ground Level / Lighted / Shared Parking
Year Built:
1981
Lot:
0.44 Acres
Heating:
Central / Electric
Price/sqft:
$1,064
Cooling:
Central Air
HOA:
No Data

Highlights

Annual tax
$35,201
2025
Waterfront
Waterfront, Bay/Harbor
Pets
Allowed
All facts and features

  • Flooring

    • Ceramic Tile

    • Luxury Vinyl

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Dryer

    • Microwave

    • Refrigerator

    • Washer

  • Parking

    • Common

    • Deeded

    • Ground Level

    • Lighted

    • Shared Parking

    Lot

    • Lot: 0.44 Acres

    Other Property Information

    • Parcel Number: 0000007625

    • Zoning: RMF3/SKOD

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Multi Family (5+)

  • Utility

    • BB/HS Internet Capable

    • Electricity Available

    • Natural Gas Available

    • Phone Available

    • Public

    • Water Connected

  • Other financial information

    • Annual tax amount: $35,201

  • Source details

    • MLS ID: A4687297

    Other facts

    • Construction Materials: Vinyl Siding / Wood Frame / Wood Siding

    • Foundation Details: Slab

    • Lot Features: FloodZone / Near Public Transit / Sidewalk / Street Lights / Waterfront

    • Window Features: Aluminum Frames / Blinds / Drapes / Rods / Storm Window(s) / Window Treatments

    • Waterfront: Yes

    • Living Area: 6110

    • Water Source: Public

    • Lot Size Dimensions: 105 x 205 x 100 x 182

    • Subdivision Name: CORAL SHORES

Private inquiry
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Market around this address

Live counts in the same area.
View all
This zip
34242
358
median $1.2M
Active
Same city
SARASOTA
2,791
median $585K
Active
Same type
Commercial
49
median $711K
Active
Similar price
$4.5M – $8.4M
124
median $5.8M
Active

The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: DREAMIFY REAL ESTATE LLC