$725,000

Island Reef 8767 Midnight Pass Rd Unit 101F Floor 1 Sarasota, FL 34242

Estimated payment $5,550/month

Total Views 690
2 Beds
2.5 Baths
1,768 Sq Ft
$410 Price per Sq Ft

Highlights

  • 1,710 Feet of Waterfront
  • Marina
  • Marina View
  • Phillippi Shores Elementary School Rated A
  • Dock has access to electricity and water
  • Property fronts gulf or ocean with access to the bay

About This Home

Rare ground-floor ISLAND REEF condo overlooking LITTLE SARASOTA BAY. 2-bedroom, 2.5 bathroom split plan with 1,768 SF of living space. One of South Siesta Key’s best values. Located on quieter South Siesta Key, this Gulf-to-Bay community offers DEEDED BEACH ACCESS and a short walk to a large private Gulf beach. Enjoy bay-side boat docks with the option to add a boat lift for true beach-to-bay living. ISLAND REEF delivers a resort-style lifestyle with two heated pools, tennis and pickleball courts, fitness center, clubhouse, grilling patios, shuffleboard, game room, library, and an active social calendar. The community is well maintained, financially sound, has no new assessments, and features on-site property management. Free Siesta Key trolley stops are right in front, with easy access to Siesta Village, dining, shopping, Turtle Beach, and a full-service marina. This unit stands apart with ground-floor convenience, peaceful bay views, and a strong history of staying dry during storms. Move-in ready and turnkey furnished. The rare split-plan layout offers two en suite bedrooms on opposite sides of the condo, huge walk-in closets, half bath, and a small home office. The full-size kitchen features butcher block countertops and abundant cabinetry. There is a separate dining room, massive living room, all-season Florida room, and regular-size washer and dryer. Ceramic tile flows throughout for easy maintenance, while natural light fills the living areas from morning through mid-day for a bright, breezy coastal feel. The enclosed lanai with sliding windows showcases LITTLE SARASOTA BAY and Intracoastal views—ideal for slow mornings, winding down after the beach, and watching boats drift by at dusk. Ideal for full-time living or seasonal enjoyment. A true South Siesta Key gem. Schedule your private showing today.

Listing Agent

Mike Payne, PA

BRIGHT REALTY Brokerage Phone: 941-552-6036 License #3076714 Listed on: 01/29/2026

BRIGHT REALTY

Co-Listing Agent

Zach Payne

BRIGHT REALTY Brokerage Phone: 941-552-6036 License #3497035

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,388

Year Built

  • Built in 1979

Lot Details

  • North Facing Home
  • Mature Landscaping

HOA Fees

  • $1,033 Monthly HOA Fees

Parking

  • 1 Carport Space

Property Views

Home Design

  • Entry on the 1st floor
  • Slab Foundation
  • Built-Up Roof
  • Concrete Siding
  • Stucco

Interior Spaces

  • 1,768 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Sliding Doors
  • Combination Dining and Living Room
  • Home Office
  • Sun or Florida Room
  • Ceramic Tile Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Bathroom
  • Walk-In Closet
  • Single Vanity
  • Pedestal Sink
  • Bathtub with Shower
  • Shower Only

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Eco-Friendly Details

  • Reclaimed Water Irrigation System

Outdoor Features

  • Outdoor Shower
  • Access To Intracoastal Waterway
  • Access to Bay or Harbor
  • Access To Marina
  • No Fixed Bridges
  • First Come-First Served Dock
  • Boat Port
  • Rip-Rap
  • Water Skiing Allowed
  • Boat Lift
  • Dock has access to electricity and water
  • Open Dock
  • Enclosed Patio or Porch
  • Exterior Lighting
  • Outdoor Grill
  • Rain Gutters
  • Private Mailbox

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Thermostat
  • Electric Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include pool, escrow reserves fund, insurance, maintenance structure, ground maintenance, maintenance, management, pest control, private road, recreational facilities, security, sewer
  • Joy Stevanovich Association, Phone Number (727) 386-5575
  • Visit Association Website
  • Island Reef Community
  • Island Reef II Ph 1 2 & 3 Subdivision
  • Association Owns Recreation Facilities

Amenities

  • Clubhouse
  • Community Mailbox

Recreation

  • Community Pool
  • Fish Cleaning Station

Pet Policy

  • Pets up to 30 lbs
  • Pet Size Limit
  • 1 Pet Allowed
  • Dogs and Cats Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,388

Year Built

Built in 1979

Lot Details

6.31 Acres

HOA Fees

$1,033 per month

Listing Details

  • HOA Fee Includes: Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Maintenance, Management, Pest Control, Private Road, Recreational Facilities, Security, Sewer
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Construction Materials: Concrete, Stucco
  • Fireplace: No
  • Living Area: 1768
  • Lot Size Acres: 6.31
  • New Construction: No
  • Year Built: 1979
  • Building Area Total: 1973
  • Lot Size Sq Ft: 274901
  • Status: Active
  • Co List Office Mls Id: MFR281517902
  • Co List Office Phone: 941-552-6036
  • Ownership: Condominium
  • Entry Level: 1
  • Building Area Total Srch Sq M: 183.30
  • Escrow State: FL
  • Floor Number: 1
  • Minimum Lease: 1 Month
  • Number Of Pets: 1
  • RATIO Current Price By Calculate: 410.07
  • Water Access YN: 1
  • Condo Fees Term: Quarterly
  • Water Frontage Feet Beach: 255
  • MFR_NumAssignedParkingSpaces: 1
  • MFR_InLawSuiteYN: 0
  • MFR_DockDescription: Dock - Open,Dock - Slip 1st Come,Dock w/Electric,Dock w/Water Supply,Fish Cleaning Station
  • MFR_DockYN: 1
  • MFR_CommunityAssociationWaterFeatures: Bay/Harbor Front,Boat Slip,Dock,Fishing,Gulf/Ocean Front,Intracoastal Waterway,Marina,Water Access,Waterfront
  • Attribution Contact: 941-552-6036
  • Tax Year: 2025
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Thermostat, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Other Equipment: Irrigation Equipment
  • Stories: 1
  • Living Area Meters: 164.25

Exterior Features

  • Direction Faces: North
  • Exterior Features: Balcony, Lighting, Outdoor Grill, Outdoor Shower, Private Mailbox, Rain Gutters, Sliding Doors, Tennis Court(s)
  • Roof: Built-Up
  • Pool Private: No
  • Water Body Name: LITTLE SARASOTA BAY
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Enclosed, Screened
  • Road Surface Type: Asphalt
  • Water Access: Bay/Harbor,Intracoastal Waterway,Marina
  • Water Extras: Boat Port,Bridges - No Fixed Bridges,Lift,Riprap,Sailboat Water,Skiing Allowed
  • Water View: Bay/Harbor - Partial,Intracoastal Waterway,Marina
  • Water View YN: 1
  • Waterfront Feet Total: 1710
  • Water Frontage Feet Bay Harbor: 100
  • Water Frontage Feet ICW: 1000
  • Water Frontage Feet Marina: 100
  • Water Frontage Feet Ocean 2 Bay: 255

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: Yes
  • Garage Yn: No
  • Parking Features: Covered

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Fire Hydrant, Phone Available, Public, Sewer Connected, Sprinkler Recycled, Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Electric Dryer Hookup, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Clubhouse, Community Mailbox, Fitness Center, Pool, Sidewalks, Tennis Court(s)
  • Association Fee Frequency: Quarterly
  • Association Name: Joy Stevanovich
  • Phone: 727-386-5575
  • Association: Yes
  • Security: Smoke Detector(s)
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Pet Restrictions: One dog only. Weighs less than 30 pounds max. One cat or dog only is permitted per unit. Confirm pet policy for tenants.
  • Association Fee Requirement: Required
  • Condo Fees: 3100
  • Condo Land Included YN: 0
  • Max Pet Weight: 30
  • Association Email: irmgr@hhrmgt.com
  • Monthly Condo Fee Amount: 1033
  • Pet Size: Small (16-35 Lbs.)
  • Association URL: irinfo@hhrmgt.com
  • Management: On Site Property Manager

Fee Information

  • Total Annual Fees: 12400.00
  • Total Monthly Fees: 1033.33

Lot Info

  • Zoning: RMF1
  • Parcel Number: 0129081001
  • Additional Parcels: No
  • Flood Zone Code: AE

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Cats OK, Dogs OK, Number Limit, Size Limit
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Review condo docs and/or contact Island Reef management

Tax Info

  • Tax Annual Amount: 9387.75
  • Tax Book Number: 11-34
  • Tax Lot: NA

Multi Family

  • Waterfront Features: Bay/Harbor, Beach Front, Gulf/Ocean to Bay, Intracoastal Waterway, Marina in Community
  • Approval Process: Association Approval Process. See application & condo docs attached. Contact Island Reef Manager Sandy @ (941) 349-2844

Map

About Island Reef

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,449 $752,700 -- $752,700
2024 $10,169 $755,209 -- --
2023 $10,169 $947,200 $0 $947,200
2022 $9,201 $839,300 $0 $839,300
2021 $7,423 $567,400 $0 $567,400
2020 $7,247 $542,000 $0 $542,000
2019 $7,943 $613,500 $0 $613,500
2018 $7,097 $535,000 $0 $535,000
2017 $7,215 $535,000 $0 $535,000
2016 $7,361 $535,000 $0 $535,000
2015 $7,089 $509,600 $0 $509,600
2014 $6,874 $402,800 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/29/2026 01/29/26 For Sale $725,000 -- $410 / Sq Ft
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Attorney
Personal Reps Deed $550,000 Excalibur Title Services Inc
Source: Public Records

Source: Stellar MLS

MLS Number: A4680015

Stellar MLS

APN: 0129-08-1001

Florida Sarasota County Sarasota 34242

8767 Midnight Pass Rd Unit 101F, Sarasota, FL

For Sale

Condos

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Based on information submitted to the MLS GRID

Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

Nearby Homes
Mike Payne, PA
Listing Agent
Mike Payne, PA
Section Image
BRIGHT REALTY
(941) 337-0156
Your Personal Tour Guide

Ask me questions while you tour the home.