8016 Midnight Pass ROAD, Siesta Key, FL, 34242 | $1,149,900

Rare opportunity to create your dream waterfront retreat on this exceptional property along the serene Heron Lagoon. Likely a tear-down, this property offers the perfect canvas for designing a custom home to fit your vision. Enjoy the peaceful setting with a private dock, ideal for kayaking, fishing, and birdwatching, and immerse yourself in the beauty of outdoor living.
Located on Siesta Key, this prime location provides convenient access to the area's renowned beaches, dining, and attractions, as well as all the amenities of Sarasota.
For those considering restoration, the existing home offers 1, 589 square feet of living space, featuring two bedrooms, two bathrooms, and a two-car garage. Whether you choose to build new or restore, this property presents an unparalleled opportunity to experience the best of coastal living. Additionally, the parcel can be sold together with the adjacent lot (A4628566) offering the potential to expand and enhance your waterfront lifestyle. Don’t miss your chance to make this unique waterfront property your own!

Features

  • Rooms: 7
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: In Kitchen
  • Year Built: 1957
  • Garage: 2-car
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 1,589
  • Acreage: 0.2
  • Est. Taxes: $10,443
  • Elem. School: Phillippi Shores Elementary
  • Middle School: Brookside Middle
  • High School: Sarasota High
  • Pool: In Ground
  • Appliances: Cooktop, Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • MLS#: A4619096
  • Days on Market: 95 days
  • Website: https://www.raveis.com
    /eprop/A4619096/8016midnightpassroad_siestakey_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 12/4/2024 3:06:07 AM)
Listing courtesy of Compass Florida LLC   Phone: 305-851-2820

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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8016 Midnight Pass ROAD, Siesta Key, FL, 34242

$1,149,900

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $919,920 $919,920 $919,920
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.500% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.209% 6.636% 6.684%
Monthly Tax Payment $870 $870 $870
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,890 $5,815 $8,013
Total Monthly Payment $6,885 $6,810 $9,008

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.