8446 Midnight Pass ROAD, Siesta Key, FL, 34242 | $1,499,000

WATERFRONT & NO HOA Welcome to an exceptional opportunity on Siesta Key! Located just one mile from Turtle Beach, this property offers privacy, flexibility, and the serene beauty of Heron Lagoon. Spanning approximately 2 miles and covering 48 acres, Heron Lagoon is a peaceful, non-navigable body of water ideal for enjoying tranquil views, abundant wildlife, and stunning sunsets that rival those seen on nearby beaches.

The lot is equipped with a built-in drainage system, providing an added layer of functionality and security for the property. The existing structure, which has experienced flood damage but has been professionally remediated, offers a clean slate for renovation or rebuilding. An updated FEMA appraisal has been completed, allowing for greater renovation costs, and a cost analysis on raising the structure has also been conducted, giving new owners valuable insights for future development. Current property, which has recently undergone remediation from flood damage, features include 300 ft. + private driveway and fenced backyard with composite dock and plenty of room for a hot tub or pool. The back patio also features an electric awning and mature palms adding additional privacy. Interior features include impact sliding glass doors, windows, french doors, skylights (also with blinds, ) electronic interior shades, and plantation shutters.

With NO HOA, a rarity in Sarasota County, you have the freedom to customize the property to suit your needs. The home is conveniently located along the daily route of the free Siesta Key Trolley, providing effortless access to the island’s attractions.

Additional highlights include a private driveway with extra parking pad, mature palm trees, a large lawn with ample space for multiple automobiles, an RV, or even a boat, and paver patios in both the front and backyard. A professional feasibility study completed in summer 2024 also highlights the potential to add a detached garage with an office and a pool, offering endless customization possibilities.

Situated just 7 miles from downtown Sarasota and close to Gulf Gate’s shopping, dining, and entertainment, this property combines the tranquility of island living with the convenience of nearby urban amenities. Don’t miss this rare opportunity to create your dream home on beautiful Siesta Key. Contact us today for more information or to schedule a tour!

Features

  • Rooms: 5
  • Bedrooms: 3
  • Baths: 3 full
  • Laundry: Inside, Laundry Room
  • Year Built: 1964
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 1,820
  • Acreage: 0.38
  • Est. Taxes: $10,232
  • Elem. School: Phillippi Shores Elementary
  • Middle School: Brookside Middle
  • High School: Sarasota High
  • Appliances: Electric Water Heater
  • MLS#: A4634350
  • Days on Market: 3 days
  • Website: https://www.raveis.com
    /eprop/A4634350/8446midnightpassroad_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 1/7/2025 11:17:07 PM)
Listing courtesy of COLDWELL BANKER REALTY   Phone: 941-349-4411

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Yokadi MejiaInsurance Sales Director, William Raveis Insurance

561.335.7966

Yokadi.Mejia@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

8446 Midnight Pass ROAD, Siesta Key, FL, 34242

$1,499,000

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 $1,199,200 $1,199,200 $1,199,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.625% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.559% 6.723% 6.847%
Monthly Tax Payment $853 $853 $853
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,778 $7,679 $10,529
Total Monthly Payment $8,756 $8,657 $11,507

* 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.