tomo logo

$31,500,000

Beds
6
Baths
8.5
sq ft
11,606

8501 Midnight Pass Rd, Sarasota, FL 34242

8501 Midnight Pass Rd

SARASOTA, FL 34242

  • 2 days on market
This extraordinary waterfront estate, set on nearly three acres of pristine Siesta Key bayfront, is a masterclass in architectural elegance and modern coastal living. Designed by Stofft Cooney Architects and brought to life by Florida West Builders, this 2024 custom-built West Indies-style residence showcases impeccable craftsmanship, curated interiors, and a seamless connection to breathtaking surroundings. With 217’ of direct bay frontage and an elevated position for optimal water views, this estate embodies the pinnacle of luxury living. A private, gated entry leads to winding Tabby seashell driveways that guide you to the grand entrance. Flanked by two breezeways, the porte-cochere sets the tone for the estate’s sophisticated charm. Thoughtfully designed with meticulous attention to detail, the property includes an oversized three-car garage for the main house and a separate four-car garage under the guest house. Inside, walls of oversized, floor-to-ceiling impact glass frame uninterrupted bay views, bathing the interiors in natural light. Every element, from the European oak hardwood floors in a warm Milano finish to the bespoke cabinetry by Campbell Cabinetry Designs, has been carefully selected for both beauty and functionality. The home’s intelligent Control4 lighting and sound system, along with a whole-house water filtration system, enhances everyday comfort. The grand foyer makes a lasting impression with a solid mahogany double-door entry, inlaid cabochon stone squares, and extra-wide solid wood staircase with a stunning Chippendale railing. Designed for effortless entertaining, the great room, with its soaring ceilings and floor-to-ceiling windows, flows seamlessly into the elegant dining space and showstopping kitchen. This gourmet haven features two expansive islands, custom cabinetry and 3cm Crystallo quartzite countertops. High-end appliances, including La Cornue range and Francois hood, elevate the culinary experience. A butler’s pantry and additional walk-in pantry provide ample storage and convenience. The first-floor primary wing is a private sanctuary, accessed through double hideaway jamb doors. It boasts oversized custom walk-in closets and French door access to outdoor entertaining. The spa-inspired en-suite his/her bath, designed around an octagonal vestibule with a barrel-vault ceiling is set against tesserae mosaic flooring by New Ravenna. Upstairs, an open promenade overlooks the main living areas, leading to two en-suite bedrooms, each with custom-built closets and private terraces offering sweeping water views. A lounge with built-in wet bar and exercise suite complete the upper level. A separate guest house offers an intimate retreat with a full kitchen, pecky cypress-paneled living room, and bedroom suite with its own en-suite bath and balcony access. The estate’s outdoor spaces create an unparalleled setting for relaxation and entertainment. The summer kitchen, complete with an island, wraparound bar, and fireplace, is enclosed by motorized Jansen storm shutters and roll-down screens. A vanishing-edge heated pool features steppingstones and a separate spa, the perfect ambiance for sunset gatherings. The east side of the property hosts a tennis court surrounded by custom Walpole fence, complete with a pavilion equipped with hurricane shutters and cozy fireplace. For boating enthusiasts, the private dock extends 90’ with a floating kayak launch and 20,000 lb. lift capable of accommodating a 34’ vessel.

Details

Property type

Single Family Residence

Est. home value

$6,568,875

Property condition

New Construction

Lot size

2.78 acres

Price per sq ft

$2,715

Year built

2024

Annual property taxes

$37,055

HOA

No

Price History

02/20/2025
StellarMLS

StellarMLS #A4638211

Listed
$31,500,000
+908%
12/16/2019
StellarMLS

StellarMLS #A4424681

Sold
$3,125,000

Schools & Community

Elementary school: 

Phillippi Shores Elementary

Middle school: 

Brookside 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

Nationsbank Fl N A

Loan start date

January 1995

Original loan amount

$1,150,000

Est. remaining balance

Not provided

Interest rate

9.15%

Loan type

Commercial

Seller

Barry Silverstein and Trudy Silverstein

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: 02/23/2025 at 2:15 AM

Listing updated: 02/21/2025 at 2:09 PM

Listed by: Roger Pettingell, COLDWELL BANKER REALTY Phone #: (941) 383-6411

MLS: StellarMLS #A4638211

StellarMLS logo

Recently listed in SARASOTA