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$1,765,000

Beds
4
Baths
4.5
sq ft
4,078

7618 Midnight Pass Rd, Sarasota, FL 34242

7618 Midnight Pass Rd

SARASOTA, FL 34242

  • 4 days on market
Discover the potential of this property in the iconic Sanderling Club community, nestled on the desirable south end of Siesta Key. Whether you're dreaming of a new build or a restoration, this expansive lot offers endless possibilities in a prime waterfront location. The existing four-bedroom, four-and-a-half-bath residence features a two-car garage, solid block construction, durable roof, paver driveway and a pool. The interior has been stripped and is ready for your vision. While the property was affected by flooding during the hurricanes, it now presents a clean slate for creating your dream home. Located just minutes from the world-famous Siesta Key Beach and the charming village, this property is perfectly positioned to embrace island living. As part of the Sanderling Club, the only guard-gated, single-family neighborhood on Siesta Key, you’ll enjoy unparalleled privacy, luxury, and access to exclusive amenities, including private beach access, a historic clubhouse, tennis and pickleball courts and a marina. Whether you choose to refurbish or start fresh with a modern coastal retreat or a luxurious family estate, this is your chance to own a piece of paradise in one of Florida's most sought-after Gulf-front communities. Don't miss this remarkable opportunity to transform this property into your personal haven!

Details

Property type

Single Family Residence

Est. home value

$2,506,294

Lot size

0.88 acres

Price per sq ft

$433

Year built

1950

Annual property taxes

$22,304

Monthly HOA fee

$450

Price History

12/18/2024
StellarMLS

StellarMLS #A4631568

Listed
$1,765,000
+47.08%
03/06/2018
StellarMLS

StellarMLS #A4176380

Sold
$1,200,000
+43.71%
07/21/2004
StellarMLS

StellarMLS #A239841

Sold
$835,000

Schools & Community

Elementary school: 

Phillippi Shores Elementary

Middle school: 

Brookside Middle

High school: 

Sarasota High

Community features: 

Gated, Playground, Tennis Court(s)

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$791,442
Asking price
$1,765,000
Closing costs (~8% of asking)
-$141,200
Est. remaining loan balance
-$832,358
Cash to seller
$791,442

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

United Bank

Loan start date

March 2018

Original loan amount

$960,000

Est. remaining balance

$832,358

Interest rate

4.04%

Loan type

New Conventional, 30 year

Seller

John Amato and Nancy J Amato

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 12/22/2024 at 12:35 AM

Listing updated: 12/20/2024 at 1:24 PM

Listed by: Joel Schemmel, PREMIER SOTHEBYS INTL REALTY Phone #: (941) 364-4000

MLS: StellarMLS #A4631568

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