NOT LISTED FOR SALE

8037 Midnight Pass Rd Sarasota, FL 34242

Estimated Value: $1,848,000 - $2,391,000

5 Beds
4 Baths
4,201 Sq Ft
$501/Sq Ft Est. Value

Sale Details

Date Sold: February 12, 2025

Last sale price $2,000,000 $476 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $12,815 / mo

50 Days on Market

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 2025

This 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

Wayne Cherry

PROGRAM REALTY, LLC Brokerage Phone: 941-999-9900 License #3457162 Listed on: 10/29/2024

Last Buyer's Agent

Taylor Thompson

WILLIAM RAVEIS - FLORIDA LLC License #3480696

WILLIAM RAVEIS - FLORIDA LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,578

Year Built

  • Built in 1927

Lot Details

  • 11,188 Sq Ft 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

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,578

Year Built

Built in 1927

Lot Details

0.26 Acres

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Wood Frame
  • Fireplace: Yes
  • Living Area: 4201
  • Lot Size Acres: 0.26
  • New Construction: No
  • Year Built: 1927
  • Building Area Total: 5273
  • Lot Size Sq Ft: 11188
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Building Area Total Srch Sq M: 489.88
  • Escrow State: FL
  • Minimum Lease: 1 Month
  • RATIO Current Price By Calculate: 476.08
  • Total Acreage: 1/4 to less than 1/2
  • Water Access YN: 1
  • MFR_InLawSuiteYN: 0
  • MFR_DockDescription: Dock - Wood
  • MFR_DockYN: 1
  • Attribution Contact: 941-999-9900
  • Tax Year: 2023
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 4
  • Interior Amenities: Cathedral Ceiling(s)
  • Appliances Included: Dishwasher, Refrigerator
  • Foundation Details: Crawlspace
  • Total Bedrooms: 5
  • Levels: Two
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 390.29

Exterior Features

  • Direction Faces: West
  • Pool Features: Gunite
  • Exterior Features: Lighting, Private Mailbox, Sliding Doors
  • Roof: Metal
  • Pool Private: Yes
  • Waterfront: Yes
  • Road Surface Type: Asphalt
  • Water Access: Bay/Harbor,Gulf/Ocean,Gulf/Ocean to Bay
  • Water Extras: Boat Port
  • Water View: Bay/Harbor - Full,Canal
  • Water View YN: 1
  • Waterfront Feet Total: 0

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes

Utilities

  • Utilities: Electricity Connected
  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: 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: Booker Middle

Lot Info

  • Zoning: RSF2
  • Parcel Number: 0127150002
  • Additional Parcels: No
  • Flood Zone Code: AE

Rental Info

  • Lease Restrictions YN: 0

Tax Info

  • Tax Annual Amount: 16578.24
  • Tax Block: A
  • Tax Book Number: 1-185
  • Tax Lot: 15

Multi Family

  • Waterfront Features: Bay/Harbor

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2024
Closed on
Feb 10, 2025
Sold by
Bought by
Seller's Agent
Wayne Cherry
PROGRAM REALTY, LLC
Buyer's Agent
Taylor Thompson
WILLIAM RAVEIS - FLORIDA LLC
List Price
$2,500,000
Sold Price
$2,000,000
Premium/Discount to List
-$500,000
-20%
Views
29
Current Estimated Value
$2,103,283

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,283
Avg. Annual Appreciation
3.89%
Original Mortgage
$1,800,000
Outstanding Balance
$1,786,168
Interest Rate
6.91%
Mortgage Type
Credit Line Revolving
Estimated Equity
$317,115

Purchase Details

Closed on
Sep 28, 2018
Sold by
Bought by

Purchase Details

Listed on
Dec 2, 2013
Closed on
Jun 17, 2014
Sold by
Bought by
Seller's Agent
Sandy 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
2.10%
Original Mortgage
$1,148,000
Interest Rate
4.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 10, 1998
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,000,000 None Listed On Document
-- Attorney
$1,640,000 Attorney
$707,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,800,000
Previous Owner $1,148,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $17,063 $1,005,237 -- --
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

Agents Affiliated with this Home

  • W

    Seller's Agent in 2025

    Wayne Cherry

    PROGRAM REALTY, LLC

    (941) 999-9900

    2 in this area

    124 Total Sales

    Wayne Cherry
    Section Image
  • Taylor Thompson

    Buyer's Agent in 2025

    Taylor Thompson

    WILLIAM RAVEIS - FLORIDA LLC

    (941) 928-2372

    19 in this area

    56 Total Sales

    Taylor Thompson
    Section Image

  • S

    Seller's Agent in 2014

    Sandy Strom

    Section Image

  • J

    Seller Co-Listing Agent in 2014

    Jerry Strom

    STROM & STROM LLC

    (941) 650-8294

    1 in this area

    2 Total Sales

    Jerry Strom
    Section Image
  • Mike Holderness

    Buyer's Agent in 2014

    Mike Holderness

    SARABAY REAL ESTATE INC

    (941) 355-7696

    9 Total Sales

    Mike Holderness
    Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: D6138672

Stellar MLS

APN: 0127-15-0002

Florida Sarasota County Sarasota 34242

8037 Midnight Pass Rd, Sarasota, FL

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 All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. 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.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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