$5,995,000
9022 Midnight Pass Road
Sarasota, FL 34242
Listing updated: August 3, 2026 at 12:10 PM ET
Listing courtesy of Dreamify Real Estate Llc · Michael Grant · MLS #A4687297 · Active · 941-827-0700Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
An exceptionally rare opportunity to acquire an assemblage of fully renovated, income-producing, nine-unit, waterfront condominiums as an entire complex located adjacent to Turtle Beach on world-renowned Siesta Key. Coral Shores offers immediate short-term rental income opportunity, paired with long-term redevelopment and appreciation potential, in one of Florida’s most desirable and supply-constrained coastal markets. Property Highlights: • Nine (9) condominium unit assemblage, sold as a package • Just under 0.50-acre waterfront site • Direct Sarasota Bay to Gulf of Mexico access – no bridges • Four private docks with eight slips (up to ~40’+ vessels) • Heated in-ground swimming pool • Large central parking lot for tenants and guests • New shared coin laundry, ice machine and owner storage facilities • Predominantly 2BR units with select 1BR and studio layouts Renovations & Interior Upgrades: Units have recently completed 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 coin laundry appliances with ice machine and unit storage closets, new raised HVAC units, new pool pump equipment, and more. The property is fully turnkey for continued short-term rental use. Income & Zoning Upside: 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. More detail is available with executed NDA.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history12 days on market
- Status: ActiveJul 31, 2026
- Listed$6,500,000Mar 24, 2026
- Price reduced$5,995,000
Facts & features
- Property type
- Commercial Sale
- Sub type
- Multi-Family 5+
- Status
- Active
- Days on market
- 12
- Subdivision
- Coral Shores
- County
- Sarasota
- Year built
- 1981
- Living area
- 6,110 sq ft
- Price/sq ft
- $800
- Building area
- 7,494 sq ft (Public Records)
- Lot size
- 19,231 sq ft
- Lot category
- 1/4 to less than 1/2
- Flood zone
- AE (12115C0209G)
- Annual taxes
- $35,201 (2025)
- Parcel #
- 0000007625
- Zoning
- RMF3/SKOD
- MLS #
- A4687297
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Interior Details
- Flooring
- Ceramic Tile, Luxury Vinyl
- Appliances
- Dishwasher, Dryer, Microwave, Refrigerator, Washer
Heating & Cooling
- Heating
- Central, Electric
- Cooling
- Central Air
Parking
- Parking features
- Common, Deeded, Ground Level, Lighted, Shared Parking
HOA & Financial
- Total monthly fees
- $933/mo
- Total annual fees
- $11,200
- Listing terms
- Cash, Commercial Financing
- Ownership
- Condominium
Exterior & Construction
- Construction materials
- Vinyl Siding, Frame, Wood Siding
- Roof
- Shingle
- Foundation
- Slab
- Waterfront
- Yes
- Water access
- Yes
- Water view
- Yes
- Road surface
- Asphalt, Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- BB/HS Internet Capable, Electricity Available, Natural Gas Available, Phone Available, Public, Water Connected
Community
- Pets allowed
- Yes - See Condo Docs
Listing Details
- Listing date
- 2026-03-23
- On market date
- 2026-03-24
- Original list price
- $6,500,000
- Occupant type
- Tenant
- MLS area
- 34242 - Sarasota/Crescent Beach/Siesta Key
- Listing AOR
- Sarasota - Manatee
- Status changed
- 2026-07-31
- Tax legal description
- UNIT 111 CORAL SHORES,UNIT 112 CORAL SHORES,UNIT 213 CORAL SHORES,UNIT 224 CORAL SHORES,UNIT 315 CORAL SHORES,UNIT 317 CORAL SHORES,UNIT 326 CORAL SHORES,UNIT 328 CORAL SHORES
Flood risk
FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
US41/Tamiami Trail to west on Stickney Point Road to south on Midnight Pass Road to property on right.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively 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.
Based on information submitted to the MLS GRID as of August 3, 2026 at 12:10 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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