tomo logo

$1,459,900

Beds
4
Baths
3.0
sq ft
3,319

8440 Midnight Pass Rd, Sarasota, FL 34242

8440 Midnight Pass Rd

SARASOTA, FL 34242

  • 2 days on market
Opportunity Awaits!! This lovely home sits directly on Heron Lagoon with a 98 ft frontage and a new deck, overlooking the water with wonderful views of the Lagoon and wildlife. The 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. It has 4 bedrooms and 2 baths, and most rooms have water views. 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, the owners installed new air conditioner and hot water heater both are salvageable. New deck was also just installed and is in great shape. Property also has a dock so you can kayak around the lagoon. Location and views of the lagoon are what make this property ideal.

Details

Property type

Single Family Residence

Est. home value

$1,213,952

Lot size

0.36 acres

Price per sq ft

$440

Year built

1946

Annual property taxes

$10,702.22

HOA

No

Price History

01/04/2025
StellarMLS

StellarMLS #A4634114

Listed
$1,459,900
+92.09%
02/27/2020
StellarMLS

StellarMLS #A4451471

Sold
$760,000

Schools & Community

Elementary school: 

Phillippi Shores Elementary

Middle school: 

Brookside Middle

High school: 

Sarasota High

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

$794,218
Asking price
$1,459,900
Closing costs (~8% of asking)
-$116,792
Est. remaining loan balance
-$548,890
Cash to seller
$794,218

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

Seller’s Loan History

Lender

Angel Oak Mortgage Solutions Llc

Loan start date

February 2020

Original loan amount

$608,000

Est. remaining balance

$548,890

Interest rate

3.64%

Loan type

New Conventional, 30 year

Seller

Luke Charles Bencie

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?

Status: Active

Tomo last checked: 01/06/2025 at 5:55 PM

Listing updated: 01/06/2025 at 1:12 PM

Listed by: Lois Seropian, COLDWELL BANKER REALTY Phone #: (941) 349-4411

MLS: StellarMLS #A4634114

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