NOT LISTED FOR SALE

7811 Midnight Pass Rd Sarasota, FL 34242

Estimated Value: $2,767,000 - $8,019,000

3.65 Acres
$1,742,312 Price per Acre
158,994 Sq Ft Lot

Last Sold August 20, 2024

Last sale price $8,000,000 $3,565 Per Sq Ft

Est. 21% decrease in value since last sale

Current estimated payment $40,383/month

Highlights

  • 346 Feet of Bay Harbor Waterfront
  • White Water Ocean Views
  • Dock made with wood
  • Phillippi Shores Elementary School Rated A
  • Access To Intracoastal Waterway
  • 3.65 Acre Lot

About This Lot

As of August 2024

This 3.7-acre property of old Florida beauty with 346 feet of shoreline is one of the largest estates on Siesta Key with wide bay views. This is a rare opportunity to develop and build your own compound on what is one of Siesta Keys last large available properties. Currently on the property you will find a 2,200 SF guest house with an attached 4 car garage for a total of 4,626 feet of total space, leaving ample room for a large bayside residence to be built. A professional tennis court as well as a 200-foot, 5 foot wide grandfathered-in boat dock are the other main features of this property. The estate has been owned by the same family for over 30 years. The property is currently platted for 3 homes on the bayside and one across the street on Heron Lagoon. Photo renderings are for illustration purposes only and should not be used as representation of the home's precise or actual features. Call today for more information.

Last Agent to Sell the Property

Maurice Menager

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-349-3444 License #3025003 Listed on: 08/16/2024

MICHAEL SAUNDERS & COMPANY

Co-Listed By

Lin Dunn

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-349-3444 License #3023701

Last Buyer's Agent

James Buchanan

JAMES BUCHANAN REALTY License #3160009

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $79,992

Lot Details

  • 3.65 Acre Lot
  • Lot Dimensions are 670x346x540
  • 346 Feet of Bay Harbor Waterfront
  • The property's road front is unimproved
  • Dirt Road
  • East Facing Home
  • Well Sprinkler System
  • Property is zoned RE2

Property Views

  • White Water Ocean
  • Intracoastal

Schools

  • Phillippi Shores Elementary School
  • Brookside Middle School
  • Sarasota High School

Utilities

  • Well
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 0127060008

Community Details

Overview

  • No Home Owners Association
  • Cedars Of Siesta Key The Community
  • Cedars Of Siesta Key The Subdivision

Recreation

  • Access To Intracoastal Waterway
  • Access to Bay or Harbor
  • No Fixed Bridges
  • Seawall
  • Rip-Rap
  • Dock made with wood
  • Open Dock

Property Details

Property Type

Land

Est. Annual Taxes

$79,992

Lot Details

0

Listing Details

  • Property Type: Land
  • Lot Size Acres: 3.65
  • Lot Size Sq Ft: 159057
  • Directions to Property: From 41 turn west on Stickney Point Road. Cross the Stickney Point Bridge and turn left on MPR. Walled and gated entrance on the left bayside.
  • Status: Sold
  • Co List Office Mls Id: MFR281502395
  • Co List Office Phone: 941-349-3444
  • Ownership: Fee Simple
  • Escrow City: Sarasota
  • Escrow Postal Code: 34237
  • Escrow State: FL
  • Escrow Street Name: Fruitville Road
  • Escrow Street Number: 2639
  • List Office Head Office Key Nume: 1046728
  • RATIO Current Price By Calculate: 50.30
  • Total Acreage: 2 to less than 5
  • Water Access YN: 1
  • MFR_DockDescription: Dock - Open,Dock - Wood
  • MFR_DockYN: 0
  • Attribution Contact: 941-349-3444
  • Tax Year: 2023
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Living Area Units: Square Feet
  • Street Number Modifier: 7811

Exterior Features

  • Direction Faces: East
  • View: Water
  • Water Body Name: LITTLE SARASOTA BAY
  • Waterfront: Yes
  • Road Surface Type: Dirt, Unimproved
  • Water Access: Bay/Harbor,Intracoastal Waterway
  • Water Extras: Bridges - No Fixed Bridges,Riprap,Sailboat Water,Seawall - Other
  • Water Extras YN: 1
  • Water View: Bay/Harbor - Full,Intracoastal Waterway
  • Water View YN: 1
  • Waterfront Feet Total: 346
  • Flood Zone Date: 2016-11-04
  • Additional Water Information: 200 foot, 5 foot wide dock grandfathered in needs repair. Room for a second dock on the south end of the property.
  • Price Per Acre: 2191781
  • Water Frontage Feet Bay Harbor: 346

Utilities

  • Utilities: Cable Connected, Electricity Available, Public, Sewer Connected, Sprinkler Well, Water Connected
  • Sewer: Public Sewer
  • Water Source: Public, Well

Condo/Co-op/Association

  • Association: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Schools

  • Elementary School: Phillippi Shores Elementary
  • High School: Sarasota High
  • Middle Or Junior School: Brookside Middle

Lot Info

  • Zoning: RE2
  • Parcel Number: 0127060008
  • Additional Parcels: No
  • Current Use: Residential
  • Lot Dimensions: 670x346x540
  • Flood Zone Code: AE
  • Lot Size Square Meters: 14777

Tax Info

  • Tax Annual Amount: 79992
  • Tax Book Number: 4-60
  • Tax Lot: 1

Multi Family

  • Waterfront Features: Bay/Harbor

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2024
Closed on
Aug 20, 2024
Sold by
Keris-Rubinson Pamela A
Bought by
Buchanan Matthew and Buchanan Diana
Seller's Agent
Maurice Menager
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
James Buchanan
JAMES BUCHANAN REALTY
List Price
$10,600,000
Sold Price
$8,000,000
Premium/Discount to List
-$2,600,000
-24.53%
Current Estimated Value
$6,359,440

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,640,560
Avg. Annual Appreciation
-18.53%
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Buchanan Matthew $8,000,000 Suncoast Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2024 08/20/24 Sold $8,000,000 -24.5% $3,565 / Sq Ft
08/16/2024 08/16/24 Pending -- -- --
08/16/2024 08/16/24 For Sale $10,600,000 -- $4,724 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $79,993 $6,489,184 -- --
2023 $79,993 $7,608,200 $6,487,500 $1,120,700
2022 $71,765 $6,633,300 $5,647,800 $985,500
2021 $60,609 $4,945,800 $4,247,700 $698,100
2020 $55,961 $4,432,200 $3,868,400 $563,800
2019 $62,679 $4,991,600 $4,383,800 $607,800
2018 $61,463 $4,883,000 $4,303,600 $579,400
2017 $62,301 $4,864,000 $4,256,800 $607,200
2016 $68,037 $5,209,200 $4,639,500 $569,700
2015 $64,594 $4,812,200 $4,269,400 $542,800
2014 $61,014 $4,158,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Maurice Menager

    Seller's Agent in 2024

    Maurice Menager

    Michael Saunders

    (941) 238-8119

    30 in this area

    111 Total Sales

    Maurice Menager
    Section Image
  • Lin Dunn

    Seller Co-Listing Agent in 2024

    Lin Dunn

    Michael Saunders

    (941) 809-2154

    20 in this area

    73 Total Sales

    Lin Dunn
    Section Image

  • J

    Buyer's Agent in 2024

    James Buchanan

    JAMES BUCHANAN REALTY

    (941) 376-0064

    1 in this area

    12 Total Sales

    James Buchanan
    Section Image
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Map

Source: Stellar MLS

MLS Number: A4619874

Stellar MLS

APN: 0127-06-0008

Florida Sarasota County Sarasota 34242

7811 Midnight Pass Rd, Sarasota, FL

This home is located at 7811 Midnight Pass Rd, Sarasota, FL 34242 since 16 August 2024 and is currently estimated at $6,359,440, approximately $2,833 per square foot. 7811 Midnight Pass Rd is a home located in Sarasota County with nearby schools including Phillippi Shores Elementary School, Brookside Middle School, and Sarasota High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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