Waterfront Condominium Complex on Siesta
9022 MIDNIGHT PASS Rd, Sarasota, FL 34242
Income-producing, nine-unit waterfront condominium complex near Turtle Beach.
Type:Commercial
Lot size:
0.44 Acres- Added:
- Mar 26, 2026
- Days on Market:
- 48
- Last Refresh:
- Mar 25 at 5:28 am
Property Features for 9022 MIDNIGHT PASS Rd
General Information
- Standard status
- Active
- Lot size
- 0.44 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1981
Listing agent Michael Grant
Listing office
Listing date Mar 26, 2026
Source Elliman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Michael Grant
HighLights
- Fully renovated, income‑producing, nine‑unit waterfront condominium complex on Siesta Key.
- Direct Sarasota Bay to Gulf of Mexico access with four private docks and eight slips (up to ~40’+ vessels).
- Immediate short‑term rental income opportunity with strong seasonal occupancy.
- Just under 0.50‑acre waterfront site adjacent to Turtle Beach.
- All units feature modern coastal interiors, updated kitchens and bathrooms, new flooring, trim, and windows.
- Zoned for low‑rise condominiums with future redevelopment or density expansion potential.
Overview
This is a rare opportunity to acquire a fully renovated, income-producing, nine-unit, waterfront condominium complex. Located adjacent to Turtle Beach on Siesta Key, the property, named Coral Shores, offers immediate short-term rental income opportunity, paired with long-term redevelopment and appreciation potential. The property is just under 0.50-acre waterfront site with direct Sarasota Bay to Gulf of Mexico access without bridges. The property has four private docks with eight slips that can accommodate vessels up to approximately 40 feet. The property includes a heated in-ground swimming pool and a large central parking lot for tenants and guests. Shared laundry and owner storage facilities are available. The property consists predominantly of 2-bedroom units with select 1-bedroom and studio layouts. 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, and new pool pump equipment have been installed. The property is fully turnkey for continued short-term rental use. 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.
Location Intelligence
Current Use by Public Records
Short term rental ...
Location Insight
- Map
- Local Demand
- City
- Sarasota
- County
- Manatee
- State
- Florida
- Longitude
- -82.5145917
- Latitude
- 27.2173406
Nearby Similar for Sale
FAQs
What type of property is this?
Short term rental property - Income-producing, nine-unit waterfront condominium complex near Turtle Beach.
Where is this short term rental property located?
The property is located at 9022 MIDNIGHT PASS Rd Sarasota, FL.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Fully renovated, income‑producing, nine‑unit waterfront condominium complex on Siesta Key.; Direct Sarasota Bay to Gulf of Mexico access with **four private docks and eight slips** (up to ~40’+ vessels).; **Immediate short‑term rental income opportunity** with strong seasonal occupancy.
