$4,500,000
Active8212 Midnight Pass Rd Rd #1-10, Sarasota, FL 34242
5,490 sq ft
Listing courtesy of RE/MAX ALLIANCE GROUP · MLS# A4708753
Listed today
Refreshed from the Stellar MLS feed . This listing’s MLS record last changed .
About this property
Siesta Key Bungalows is a cozy island offering 10 one-bedroom bungalows, some over looking the tranquil pristine blue waters of Heron Lagoon, and others overlook the lush tropical courtyard of Siesta Key Bungalows. The Bungalows sit less than a mile away from Siesta Key's beaches and boast free kayaking and canoeing on Heron Lagoon as well as a sparkling, heated pool and affordable rates year round. Siesta Key Bungalows are located near all 3 beaches on Siesta Key. You will be able to view all the beauty Siesta Key has to offer. Siesta Key offers a free trolley that connects the entire island including Siesta Key Bungalows. Gross income in past years prior to the hurricane was just over $500,000.00. Net operating income was just over $200,000.00 for the year.
Facts
- Property type
- Multi-Family 5+
- Year built
- 1953
- Waterfront
- Yes · 150 ft
- Water access
- Lagoon
- Water view
- Yes
- Flood zone
- X
- Annual taxes
- $26,551/yr
- Listed
- Oct 6, 2026
- MLS #
- A4708753
Commercial details
Building & site
- Building size
- 5,490 SF
- Lot size
- 0.66 acres (29,019 SF)
- Zoning
- SKOD
- Road frontage
- County Road
- Buildings
- 10
- Occupancy
- Tenant-occupied
- Building features
- Bathrooms, Kitchen Facility
Investor metrics
- Price per SF (MLS)
- $819.67/SF
- Net operating income
- $200,000/yr
- Gross income
- $500,000/yr
- Units
- 10
As reported by the listing broker in the MLS. Not verified by Lasbury-Tracy Realty — confirm with the listing broker before relying on them. We never estimate a cap rate.
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8212 Midnight Pass Rd Rd #1-10, Sarasota, FL 34242
Listing courtesy of RE/MAX ALLIANCE GROUP · MLS# A4708753 · Active
Where this property is
Opens on aerial — on this coast the canal, the lot and the neighbours answer more questions than a street grid does.
