9022 Midnight Pass Rd, Sarasota, FL 34242

Exceptionally Rare 9-Unit Waterfront Condominium Complex - South Siesta Key Florida

An exceptionally rare opportunity to acquire a fully renovated,

income-producing waterfront condominium complex located

adjacent to Turtle Beach on world-renowned Siesta Key. Coral

Shores offers immediate short-term rental income opportunity,

paired with long-term redevelopment and appreciation potential,

in one of Florida’s most supply-constrained coastal markets.

Property Highlights:

• Nine (9) condominium units sold as a package

• Just under 0.50-acre waterfront site

• Direct Sarasota Bay to Gulf of Mexico access – no bridges

• Four private docks with eight slips (up to ~40’+ vessels)

• Heated in-ground swimming pool

• Large central parking lot for tenants and guests

• Shared laundry and owner storage facilities

• Predominantly 2BR units with select 1BR and studio layouts

Renovations & Interior Upgrades:

All units have recently completed extensive renovations featuring

modern coastal interiors, updated kitchens with stone countertops

and new cabinetry, glass-enclosed contemporary bathrooms, new

flooring, trim, windows, and select in-unit laundry. The property is

fully turnkey for continued short-term rental use.

Income & Zoning Upside:

Currently operating as weekly short-term rentals with strong

seasonal occupancy. Zoned for low-rise condominiums (2–3

stories), with surrounding properties zoned mid-rise (4–6 stories),

providing future redevelopment or density expansion potential

subject to approvals.