8037 Midnight Pass Rd Sarasota, FL 34242
5
Beds
4
Baths
4,201
Sq Ft
0.26
Acres
Highlights
- White Water Ocean Views
- Water access To Gulf or Ocean
- Property Fronts a Bay or Harbor
- Phillippi Shores Elementary School Rated A
- Dock made with wood
- Gunite Pool
About This Home
As of February 2025This Siesta Key Bayfront property presents an exceptional opportunity to build your custom waterfront retreat. The existing house is a tear-down, allowing you to start fresh with a design that maximizes the stunning, unobstructed views. With the dock and lift, both installed in 2020, adding immediate value, and Gulf access just minutes away thanks to the reopening of Midnight Pass, this property is a boater's dream. Located on the serene south end of Siesta Key, you’ll enjoy peace and privacy while being close to the world-famous "#1 Beach in the USA" and the vibrant Siesta Key Village. This prime location offers both a tranquil lifestyle and easy access to top local amenities.
Last Agent to Sell the Property
PROGRAM REALTY, LLC Brokerage Phone: 941-999-9900 License #3457162
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $16,578
Year Built
- Built in 1927
Lot Details
- 0.26 Acre Lot
- Property Fronts a Bay or Harbor
- West Facing Home
- Property is zoned RSF2
Parking
- 2 Car Attached Garage
Property Views
- White Water Ocean
- Canal
Home Design
- Wood Frame Construction
- Metal Roof
Interior Spaces
- 4,201 Sq Ft Home
- 2-Story Property
- Cathedral Ceiling
- Sliding Doors
- Living Room
- Crawl Space
- Dishwasher
- Washer and Electric Dryer Hookup
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Full Bathrooms
Outdoor Features
- Gunite Pool
- Water access To Gulf or Ocean
- Boat Port
- Dock made with wood
- Exterior Lighting
- Private Mailbox
Schools
- Phillippi Shores Elementary School
- Booker Middle School
- Sarasota High School
Utilities
- Central Air
- Heating Available
Community Details
- No Home Owners Association
- Ocean View Community
- Mira Mar Sub Subdivision
Listing and Financial Details
- Visit Down Payment Resource Website
- Legal Lot and Block 15 / A
- Assessor Parcel Number 0127150002
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 29, 2024
Closed on
Feb 10, 2025
Sold by
Held John R and Held Mary E
Bought by
Fortin Albert J
Seller's Agent
Wayne Cherry
PROGRAM REALTY, LLC
Buyer's Agent
Taylor Thompson
WILLIAM RAVEIS REAL ESTATE
List Price
$2,500,000
Sold Price
$2,000,000
Premium/Discount to List
-$500,000
-20%
Total Days on Market
50
Views
29
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$122,875
Avg. Annual Appreciation
23.73%
Original Mortgage
$1,800,000
Outstanding Balance
$1,796,988
Interest Rate
6.91%
Mortgage Type
Credit Line Revolving
Estimated Equity
$325,887
Purchase Details
Closed on
Sep 28, 2018
Sold by
Lasky Honig Stanton C and Lasky Ferrer Jody
Bought by
Ferrer Jody Lasky
Purchase Details
Listed on
Dec 2, 2013
Closed on
Jun 17, 2014
Sold by
Strom Paul J and Strom Sandra S
Bought by
Held John R and Held Mary E
Seller's Agent
Sandra Strom
Buyer's Agent
Mike Holderness
SARABAY REAL ESTATE INC
List Price
$1,899,000
Sold Price
$1,640,000
Premium/Discount to List
-$259,000
-13.64%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.39%
Original Mortgage
$1,148,000
Interest Rate
4.36%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 10, 1998
Sold by
Boring Steele and Boring Shirley J
Bought by
Mcswain Ronald H and Mcswain Phyllis A
Map
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Similar Homes in Sarasota, FL
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $2,000,000 | None Listed On Document | |
| Interfamily Deed Transfer | -- | Attorney | |
| Warranty Deed | $1,640,000 | Attorney | |
| Warranty Deed | $707,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,800,000 | Credit Line Revolving | |
| Previous Owner | $300,000 | Credit Line Revolving | |
| Previous Owner | $1,148,000 | New Conventional | |
| Previous Owner | $500,000 | Credit Line Revolving | |
| Previous Owner | $800,000 | Unknown | |
| Previous Owner | $250,000 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/12/2025 02/12/25 | Sold | $2,000,000 | -16.7% | $476 / Sq Ft |
| 12/18/2024 12/18/24 | Pending | -- | -- | -- |
| 11/29/2024 11/29/24 | Price Changed | $2,400,000 | -4.0% | $571 / Sq Ft |
| 10/29/2024 10/29/24 | For Sale | $2,500,000 | +52.4% | $595 / Sq Ft |
| 06/17/2014 06/17/14 | Sold | $1,640,000 | -6.3% | $404 / Sq Ft |
| 03/20/2014 03/20/14 | Pending | -- | -- | -- |
| 03/03/2014 03/03/14 | Price Changed | $1,750,000 | -2.7% | $431 / Sq Ft |
| 02/03/2014 02/03/14 | Price Changed | $1,799,000 | -5.3% | $443 / Sq Ft |
| 12/02/2013 12/02/13 | For Sale | $1,899,000 | -- | $468 / Sq Ft |
Source: Stellar MLS
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 | $16,578 | $1,418,907 | -- | -- |
| 2023 | $16,578 | $1,377,580 | $0 | $0 |
| 2022 | $15,605 | $1,287,845 | $0 | $0 |
| 2021 | $15,501 | $1,250,335 | $0 | $0 |
| 2020 | $15,607 | $1,233,072 | $0 | $0 |
| 2019 | $15,010 | $1,192,500 | $660,800 | $531,700 |
| 2018 | $16,593 | $1,318,800 | $791,000 | $527,800 |
| 2017 | $17,983 | $1,370,800 | $791,000 | $579,800 |
| 2016 | $15,863 | $1,176,300 | $798,200 | $378,100 |
| 2015 | $20,116 | $1,465,000 | $1,043,700 | $421,300 |
| 2014 | $17,751 | $1,296,777 | $0 | $0 |
Source: Public Records
Source: Stellar MLS
MLS Number: D6138672
APN: 0127-15-0002
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