The circle shows you were the property is. - 8440 MIDNIGHT PASS RD, SARASOTA
Entrance into the property. - 8440 MIDNIGHT PASS RD, SARASOTA
Aerial of property - 8440 MIDNIGHT PASS RD, SARASOTA
Dock - 8440 MIDNIGHT PASS RD, SARASOTA
Land at 8440 MIDNIGHT PASS RD, SARASOTA, photo 5 of 14
Apartment above the garage - 8440 MIDNIGHT PASS RD, SARASOTA
Apartment above the garage - 8440 MIDNIGHT PASS RD, SARASOTA
Bathroom in garage apartment - 8440 MIDNIGHT PASS RD, SARASOTA
Dining area in apartment above garage - 8440 MIDNIGHT PASS RD, SARASOTA
Living room in apartment above garage - 8440 MIDNIGHT PASS RD, SARASOTA
Land at 8440 MIDNIGHT PASS RD, SARASOTA, photo 11 of 14
Home is circled - 8440 MIDNIGHT PASS RD, SARASOTA
Home is circled - 8440 MIDNIGHT PASS RD, SARASOTA
Land at 8440 MIDNIGHT PASS RD, SARASOTA, photo 14 of 14
14 photos

$1,299,999

8440 MIDNIGHT PASS RD
SARASOTA, FL 34242
Listed by Lois Seropian · COLDWELL BANKER REALTY
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
N/A

About this home

Major Price Reduction!! Opportunity Awaits!! This lot is situated in a very private and quiet area away from any road noise. The home has undergone remediation as a result of the recent hurricanes and is being priced accordingly, primarily for Land Value. Every room in the home had water views of the lagoon. There is a cozy apartment above the garage with one bedroom, kitchen and bath. This apartment is perfect for guests or to live in while renovating. The FEMA rules will apply to any remodeling. The electricity is on so, please turn on the lights and let your imagination work on a newly designed home or renovating the existing one! In 2021, owners installed new air conditioner and hot water heater both maybe salvageable. New deck was also just installed and is in great shape. Property has a dock so you can kayak around the lagoon. Location and views of the lagoon are what make this property ideal.

Highlights

Waterfront

Property details

MLS
Stellar MLS
MLS #
MFRA4634302
Property type
Land
Subdivision
N/A
Status
Active
Days on market
39
On market date
January 4, 2025
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.36 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
GULF GATE ELEMENTARY SCHOOL
2.39 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
700
Student:teacher ratio
14.6:1
District
SARASOTA
Middle
SARASOTA MIDDLE SCHOOL
4.42 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,217
Student:teacher ratio
17.9:1
District
SARASOTA
High
RIVERVIEW HIGH SCHOOL
3.78 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
2,542
Student:teacher ratio
20.7:1
District
SARASOTA

Walkability

Blended score for SARASOTA's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

28
Car-dependent
out of 100
EPA National Walkability Index
6.3 / 20 -- Below average walkable
Google Places amenity density
23 / 100
Restaurants & cafes1
Grocery stores0
Parks1
Schools1
Transit stops9
Pharmacies0

Market position

How this listing compares to current activity in SARASOTA, from live MLS data.

On the market 39 days -- 129 fewer days than SARASOTA's current average of 168 days.
For reference, the median list price across 4,720 active listings in SARASOTA right now is $365,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$7,979/mo
$260,000 down
$1,039,999 loan
Principal & interest$6,745
Property tax (est.)$1,083
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated February 12, 2025.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.