The community of Midway, now defunct, was a pre-Depression developer's plat. The community once had a Baptist church but it was torn down in favor of the First Baptist Church in Myakka City. The only visible reminders of Midway are the grave headstones and nearby Midway Road.

Midway was situated along the East & West Coast Railway line which served the lumber and naval stores industries and the burgeoning agriculture industry, from Bradenton to Arcadia, beginning about 1915.

The U.S. went to war against Germany April 6, 1917, fueling the nation's need for lumber and naval stores during World War I. A segment of the Dixie Highway, connecting Florida to Chicago, paralleled the railroad tracks from Myakka City into Arcadia as part of the Good Roads Movement of the World War I era, and automobile travel eventually displaced the dominance of the "iron messiah." Florida's economy faltered in 1925 and 1926, temporarily recovered in 1927 and 1928, and then bottomed out when the stock market crashed in 1929. By 1933 the railroad tracks had been dismantled.