NOT LISTED FOR SALE

8212 Midnight Pass Rd Sarasota, FL 34242

Estimated Value: $3,857,266

5 Beds
6 Baths
6,365 Sq Ft
$606/Sq Ft Est. Value

Last Sold May 14, 2021

Last sale price $2,975,000 $467 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $23,618/month

156 Days on Market

Highlights

  • Water Views
  • Boat Dock
  • Heated In Ground Pool
  • Phillippi Shores Elementary School Rated A
  • Water Access
  • Home fronts a lagoon or estuary

About This Home

As of May 2021

Investment opportunity! Siesta Key Bungalows is a mile south of world-famous Siesta Key Beach and world away! Old Florida charm along side the Heron Lagoon and adjacent to the Sarasota intracoastal all in an upscale neighborhood of multi-million dollar homes. A 10-unit vacation rental property featuring four concrete-block buildings on just over a half-acre. All units are furnished 1 bedroom/1 bathroom units with full apartment-style kitchens. The boutique resort has an impeccable reputation and a Hall of Fame award from Trip Advisor. Pool, dock, kayaks and bikes. Great fishing in the lagoon! Perfect timing for a facility that is spread out with no elevators, hallways or shared spaces. Contactless check-in and check-out. (Ask to see professionally-narrated video, including drone footage.)

Last Agent to Sell the Property

Ray Collins

COLDWELL BANKER REALTY License #3461649 Listed on: 10/08/2020

COLDWELL BANKER REALTY

Last Buyer's Agent

Kelli Eggen

COLDWELL BANKER REALTY License #3338319

COLDWELL BANKER REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,299

Year Built

  • Built in 1956

Lot Details

  • 0.67 Acre Lot
  • Home fronts a lagoon or estuary

Home Design

  • Slab Foundation
  • Block Exterior

Interior Spaces

  • 6,365 Sq Ft Home
  • Sliding Doors
  • Water Views

Pool

  • Heated In Ground Pool
  • Gunite Pool
  • Child Gate Fence
  • Pool Tile

Outdoor Features

  • Water Access
  • Balcony
  • Exterior Lighting
  • Outdoor Storage
  • Outdoor Grill

Schools

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

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 3 / B
  • Assessor Parcel Number 0128020012

Community Details

Overview

  • 10 Units
  • Ocean View Community
  • Ocean View Subdivision
  • Community features wheelchair access

Recreation

  • Boat Dock
  • Community Pool
  • Fishing

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,299

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Water Extras: Dock - Wood
  • Water View: Yes
  • Construction Materials: Block
  • Living Area: 6365.00
  • Lot Size Acres: 0.67
  • Year Built: 1956
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4479829?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4479829?w=Customer
  • Lot Size Sq Ft: 29019
  • Directions to Property: West of US 41 and Stickney Point Road. South of Stickney Point Bridge. South on Midnight Pass Road. On right (west). 8212.
  • Escrow State: FL
  • List Office Head Office Key Nume: 1046393
  • Status: Sold
  • Tax Year: 2020
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Foundation Details: Slab
  • Living Area Meters: 591.33
  • Street Number Modifier: 8212

Exterior Features

  • Water Extras: Yes
  • Waterfront Feet Lagoon: 150
  • Water Access: Lagoon
  • Pool Features: Child Safety Fence, Gunite, Heated, In Ground, Tile
  • Exterior Features: Balcony, Lighting, Outdoor Grill, Sliding Doors, Storage
  • Roof: Roof Over
  • Water View: Lagoon
  • Flood Zone Code: AE
  • Flood Zone Date: 11/04/2016
  • Flood Zone Panel: 12115C0207F
  • Water Access: Yes
  • Pool Private: Yes
  • View: Water
  • Water Body Name: HERON LAGOON
  • Waterfront: Yes

Utilities

  • Utilities: Cable Connected, Public, Sewer Connected
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • S W Subdiv Community Name: Ocean View
  • Community Features: Fishing, Pool, Water Access, Waterfront, Wheelchair Access
  • Association Amenities: Dock, Pool

Fee Information

  • Waterfront Frontage: 150

Schools

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

Lot Info

  • Total Acreage: 1/2 to less than 1
  • Zoning: RSF2
  • Parcel Number: 0128020012
  • Lot Size Square Meters: 2696

Multi Family

  • Total Num Buildings: 4
  • Unit Count: 1
  • Number Of Units Total: 10
  • Waterfront Features: Lagoon

Tax Info

  • Tax Annual Amount: 15299.28
  • Tax Block: B
  • Tax Book Number: 2-32
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2020
Closed on
May 14, 2021
Sold by
Siesta Key Bungalows Inc
Bought by
Siesta Key Bungalows Llc
Seller's Agent
Ray Collins
COLDWELL BANKER REALTY
Buyer's Agent
Kelli Eggen
COLDWELL BANKER REALTY
List Price
$2,975,000
Sold Price
$2,975,000
Total Days on Market
156
Current Estimated Value
$3,857,266

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$882,266
Avg. Annual Appreciation
6.59%
Original Mortgage
$2,231,250
Outstanding Balance
$2,037,634
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$1,819,632

Purchase Details

Closed on
Dec 30, 1999
Sold by
Heron Lagoon Club Dev Co
Bought by
Sterling Viii Realty Ltd Ptnr

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$413,931
Interest Rate
7.68%
Mortgage Type
Commercial
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
Siesta Key Bungalows Llc $2,975,000 Attorney
Sterling Viii Realty Ltd Ptnr $725,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Siesta Key Bungalows Llc $2,231,250
Previous Owner Siesta Key Bungalows Inc $149,400
Previous Owner Siesta Key Bungalows Inc $150,000
Previous Owner Siesta Kay Bungalows Inc $170,000
Previous Owner Siesta Key Bungalows Inc $1,215,000
Previous Owner Siesta Key Bungalows Inc $400,000
Previous Owner Sterling Viii Realty Ltd Ptnr $45,550
Previous Owner Sterling Viii Realty Ltd Ptnr $413,931
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2021 05/14/21 Sold $2,975,000 0.0% $467 / Sq Ft
03/13/2021 03/13/21 Pending -- -- --
10/08/2020 10/08/20 For Sale $2,975,000 -- $467 / 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 $24,575 $1,892,682 -- --
2023 $24,575 $2,167,500 $907,700 $1,259,800
2022 $20,031 $1,564,200 $700,100 $864,100
2021 $16,108 $1,234,700 $530,200 $704,500
2020 $15,299 $1,154,700 $540,200 $614,500
2019 $13,229 $941,400 $512,500 $428,900
2018 $17,460 $1,280,100 $775,300 $504,800
2017 $17,528 $1,263,100 $775,300 $487,800
2016 $18,324 $1,325,500 $835,700 $489,800
2015 $17,692 $1,245,200 $752,200 $493,000
2014 $16,224 $1,057,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ray Collins

    Seller's Agent in 2021

    Ray Collins

    COLDWELL BANKER REALTY

    (941) 228-0091

    5 in this area

    83 Total Sales

    Ray Collins
    Section Image
  • Kelli Eggen

    Buyer's Agent in 2021

    Kelli Eggen

    COLDWELL BANKER REALTY

    (941) 376-9844

    14 in this area

    94 Total Sales

    Kelli Eggen
    Section Image
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Map

Source: Stellar MLS

MLS Number: A4479829

Stellar MLS

APN: 0128-02-0012

Florida Sarasota County Sarasota 34242

8212 Midnight Pass Rd, Sarasota, FL

This home is located at 8212 Midnight Pass Rd, Sarasota, FL 34242 since 08 October 2020 and is currently estimated at $3,857,266, approximately $606 per square foot. This property was built in 1956. 8212 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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