Under contract-accepting backup offers. Prime waterfront rebuild opportunity on Siesta Key. Tear-down structure on property. Selling for land value only. AS IS situation. Investor or builder's dream! High-equity potential in a neighborhood of multi-million dollar luxury estates. The existing home is heavily storm-damaged and is being sold strictly for lot value. While the existing structure has sustained significant damage from two recent hurricanes, the true value lies in the land, the location, and the limitless potential for a custom waterfront estate. AS IS seawall. Bring your architect, your builder, and your vision. Embrace the ultimate coastal lifestyle with this rare blank canvas on world-renowned Siesta Key. Nestled on a highly coveted bayside lot, this property offers breathtaking water views and access. All this just minutes from one of the best beaches in the world. Walk or drive to dinner and shopping. Half a mile south to the Stickney Point Bridge. Twenty minutes from beautiful downtown Sarasota.
Accepting backups
$800,000
7425 MIDNIGHT PASS ROAD, SARASOTA, FL 34242
4beds
2,763sqft
:
Get pre-qualified$5,031/mo
Single Family Residence
Built in 1965
0.36 Acres Lot
$780,300 Zestimate®
$290/sqft
$-- HOA
What's special
Prime waterfrontBreathtaking water viewsHighly coveted bayside lot
- 18 days |
- 1,539 |
- 145 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Ray Collins 941-228-0091,
PREFERRED SHORE LLC 941-999-1179
Source: Stellar MLS,MLS#: A4698402
Originating MLS: Sarasota - Manatee

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Primary bedroom
- Features: No Closet
- Level: Second
Kitchen
- Level: First
Living room
- Level: First
Heating
- None
Cooling
- None
Appliances
- Included: None
- Laundry: None
Features
- None
- Flooring: Other
- Has fireplace: No
Interior area
- Total structure area: 3,211
- Total interior livable area: 2,763 sqft
Video & virtual tour
Property
Features
- Levels: Two
- Stories: 2
- Exterior features: Other
- Has private pool: Yes
- Pool features: In Ground
- Has view: Yes
- View description: Canal
- Has water view: Yes
- Water view: Canal
- Waterfront features: Canal - Saltwater, Bay/Harbor Access, Seawall
Lot
- Size: 0.36 Acres
Details
- Parcel number: 0110120009
- Zoning: RSF1
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Slab
- Roof: Shingle
Condition
- Fixer
- New construction: No
- Year built: 1965
Utilities & green energy
- Sewer: Other
- Water: See Remarks
- Utilities for property: Other
Community & HOA
Community
- Pet fee: $0 monthly
- Subdivision: MIDNIGHT HARBOR SUB
HOA
- Has HOA: No
Location
- Region: Sarasota
Financial & listing details
- Price per square foot: $290/sqft
- Tax assessed value: $1,603,600
- Annual tax amount: $19,248
- Date on market: 7/24/2026
- Cumulative days on market: 3 days
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Total actual rent: 0
- Road surface type: Paved
Estimated market value
Zestimate®
$780,300
Estimated sales range
$741,000 - $819,000
Rent Zestimate®
$7,609/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/11/2026 | Listed for sale | $800,000$290/sqft |
Source: | ||
| 7/26/2026 | Contingent | $800,000$290/sqft |
Source: | ||
| 7/24/2026 | Listed for sale | $800,000+19.4%$290/sqft |
Source: | ||
| 5/11/2009 | Sold | $670,000-22.1%$242/sqft |
Source: Public Record Report a problem | ||
| 4/22/2005 | Sold | $860,000$311/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $19,249 +2.1% | $1,603,600 +24.2% |
| 2024 | $18,861 +6.3% | $1,291,468 +10% |
| 2023 | $17,744 +13.7% | $1,174,062 +10% |
| 2022 | $15,607 +12.5% | $1,067,329 +10% |
| 2021 | $13,868 +17.7% | $970,299 +10% |
| 2020 | $11,780 +11.8% | $882,090 +10% |
| 2019 | $10,538 | $801,900 -14.7% |
| 2018 | $10,538 -13.4% | $940,500 +12% |
| 2017 | $12,169 +24.5% | $839,377 -10.7% |
| 2016 | $9,775 | $940,100 +35.5% |
| 2015 | $9,775 +0.5% | $693,700 +7.4% |
| 2014 | $9,722 +4.3% | $645,700 |
| 2013 | $9,323 +6.1% | $645,700 +5.4% |
| 2012 | $8,787 +21.7% | $612,700 +20.8% |
| 2011 | $7,220 -2.9% | $507,400 -0.2% |
| 2010 | $7,439 -18.2% | $508,600 -18.1% |
| 2009 | $9,096 | $620,700 -8.6% |
| 2008 | $9,096 -13.1% | $679,200 -16% |
| 2007 | $10,470 | $808,400 -19.5% |
| 2006 | -- | $1,004,600 +238.8% |
| 2005 | -- | $296,519 +3% |
| 2004 | $4,360 -1% | $287,883 +1.9% |
| 2003 | $4,407 +1.9% | $282,515 +2.4% |
| 2002 | $4,326 +7.1% | $275,894 +1.6% |
| 2001 | $4,041 +2.5% | $271,549 +3% |
| 2000 | $3,941 | $263,640 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 34242
Nearby schools
GreatSchools rating
- 9/10Phillippi Shores Elementary SchoolGrades: PK-5Distance: 3 mi
- 6/10Brookside Middle SchoolGrades: 6-8Distance: 4 mi
- 5/10Sarasota High SchoolGrades: 9-12Distance: 5.7 mi
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