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

DREAM WATERFRONT & NO HOA AWAITS! 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 kayaking, paddleboarding, or simply enjoying the lush natural surroundings and abundant wildlife. Each evening, stunning sunsets over the lagoon rival those seen on the nearby beach, creating a breathtaking setting for your dream home.

With NO HOA—a rare find in Sarasota County—you have the freedom to design and build your ideal home or renovate the existing structure. The property features a private driveway, mature palm trees, and a large lawn that provides ample space to house multiple automobiles, an RV, or even a boat. While marinas are nearby, keeping your boat on-site could save significantly on docking costs. Front and backyard paver patios and sidewalks enhance the outdoor living space, offering the perfect setting for entertaining or relaxing.

The current structure, which can be transformed into a spacious 4-bedroom retreat, has been professionally remediated following flood damage. A new FEMA appraisal was recently completed, increasing the structural value and allowing for additional renovation costs.

The composite dock remains in excellent condition, providing a serene spot to enjoy the tranquil views of Heron Lagoon. For those seeking expanded possibilities, plans for raising the structure are available upon request. 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 options.

The free Siesta Key Trolley drives by the house and runs daily, providing effortless access to the island’s many attractions. A new survey is also available to assist with planning. Please note, many photos shown were taken prior to the storm to give you an idea of its current potential.

Conveniently located just 7 miles from downtown Sarasota and close to Gulf Gate’s shopping, dining, and entertainment, this property is perfectly positioned to enjoy all that Sarasota has to offer. Don’t miss this rare opportunity to create your private oasis on beautiful Siesta Key. Contact us today for more information, to request available plans, or to schedule a private tour!

Features

  • Lot Size: 388 x 390 x 47 x 47
  • Elem. School: Phillippi Shores Elementary
  • Middle School: Brookside Middle
  • High School: Sarasota High
  • MLS#: A4634336
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/A4634336/8446midnightpassroad_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 10:47:07 PM)
Listing courtesy of COLDWELL BANKER REALTY   Phone: 941-349-4411

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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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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 N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,778 $7,679 $10,529
Total Monthly Payment $7,903 $7,804 $10,654

* 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.