Island Reef 8767 Midnight Pass Rd Unit 101F Floor 1 Sarasota, FL 34242
Estimated payment $4,651/month
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
Under contract-accepting backup offers. $50,000 Price Improvement — Now One of the Best Values on Siesta Key. At $535,000, this 1,700+ sq ft Island Reef condo is priced in line with nearby 1,300 sq ft units—creating a rare opportunity to own significantly more space without paying a premium. Located on the quieter south end of Siesta Key, this ground-floor residence overlooks Little Sarasota Bay and offers the kind of easy, coastal living that’s increasingly hard to find. The split-bedroom layout features two en suite bedrooms positioned on opposite sides of the condo, plus a half bath and a flexible space ideal for a small home office. Inside, the scale of the home stands out immediately—a massive living area, separate dining room, and an enclosed Florida room that captures peaceful bay and Intracoastal views. Natural light fills the space from morning through mid-day, while ceramic tile flooring throughout keeps maintenance simple and practical. The kitchen is equipped with butcher block countertops, abundant cabinetry, and a full-size layout that supports everyday living or extended stays. A full laundry room with standard-size washer and dryer adds to the convenience. What truly sets this unit apart is its ground-floor accessibility, generous square footage, and a strong track record of staying dry during past storms—an increasingly important consideration for waterfront buyers. Island Reef is a well-maintained, financially sound Gulf-to-Bay community with no upcoming assessments and on-site management. Residents enjoy deeded beach access just a short walk away, along with bayfront boat docks (with lift options), two heated pools, tennis and pickleball courts, fitness center, clubhouse, and an active social calendar. The free Siesta Key trolley stops right in front of the community, providing easy access to Siesta Village, dining, shopping, Turtle Beach, and nearby marinas. Offered turnkey furnished, this is a compelling opportunity for full-time living or seasonal enjoyment—especially for buyers who recognize value when they see it. Schedule your private showing today.
Listing Agent
BRIGHT REALTY Brokerage Phone: 941-552-6036 License #3076714 Listed on: 01/29/2026
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
- Visit Down Payment Resource Website
- Assessor Parcel Number 0129081001
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
- 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
Map
About Island Reef
Home Values in the Area
Average Home Value in this Area
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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/11/2026 04/11/26 | Pending | -- | -- | -- |
| 03/28/2026 03/28/26 | Price Changed | $535,000 | -8.5% | $303 / Sq Ft |
| 03/09/2026 03/09/26 | Price Changed | $585,000 | -19.3% | $331 / Sq Ft |
| 01/29/2026 01/29/26 | For Sale | $725,000 | -- | $410 / Sq Ft |
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: Stellar MLS
MLS Number: A4680015
APN: 0129-08-1001
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Listings courtesy of Stellar MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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