tomo logo

$2,500,000

Beds
5
Baths
4.0
sq ft
4,201

8037 Midnight Pass Rd, Sarasota, FL 34242

8037 Midnight Pass Rd

SARASOTA, FL 34242

  • 10 days on market
This Siesta Key Bayfront property offers an unparalleled opportunity to create your custom waterfront retreat. With exceptional, unobstructed views and likely a tear-down house, this property provides a fresh canvas for your dream home. Enjoy the serene, outdoor lifestyle that the south end of Siesta Key is known for, all while staying convenient to the renowned "#1 Beach in the USA" and the vibrant restaurants and shops of Siesta Key Village. Boating enthusiasts will love the deep water access, making this an ideal location for those seeking both tranquility and easy access to top local amenities.

Details

Property type

Single Family Residence

Est. home value

$3,602,494

Lot size

0.26 acres

Price per sq ft

$596

Year built

1927

Annual property taxes

$16,578.24

HOA

No

Price History

10/29/2024
StellarMLS

StellarMLS #D6138672

Listed
$2,500,000
+52.44%
06/17/2014
StellarMLS

StellarMLS #A3988714

Sold
$1,640,000

Schools & Community

Elementary school: 

Phillippi Shores Elementary

Middle school: 

Booker Middle

High school: 

Sarasota High

Seller’s Loan History

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

Lender

Wells Fargo Bank Na

Loan start date

July 2016

Original loan amount

$300,000

Est. remaining balance

Not provided

Interest rate

2.87%

Loan type

Credit Line (Revolving), 30 year

Seller

John R Held and Mary E Held

Lender

Bank Of America Na

Loan start date

June 2014

Original loan amount

$1,148,000

Est. remaining balance

$904,739

Interest rate

4.33%

Loan type

New Conventional, 30 year

Seller

John Held and Mary Held

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: 11/08/2024 at 8:35 AM

Listing updated: 10/30/2024 at 6:55 AM

Listed by: Wayne Cherry, PROGRAM REALTY, LLC Phone #: (941) 999-9900

MLS: StellarMLS #D6138672

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