$620,000

Island Reef 8767 Midnight Pass Rd Unit 403F Floor 4 Sarasota, FL 34242

Estimated payment $4,752/month

2 Beds
2 Baths
1,303 Sq Ft
$476 Price per Sq Ft

Highlights

  • 1,968 Feet of Waterfront
  • Marina
  • Dock has access to electricity and water
  • Phillippi Shores Elementary School Rated A
  • White Water Ocean Views
  • Property fronts gulf or ocean with access to the bay

About This Home

Rare Gulf-to-Bay community with a large private Gulf beach and Bay-side boat docks where owners may install boat lifts in their slips. The community is financially sound with NO assessments, making this a worry-free coastal investment. Move-in ready. Turnkey furnished.
What truly sets Island Reef apart is income potential: 1-month rentals are allowed—a rare policy on Siesta Key. That means you can enjoy your own slice of paradise and still generate excellent rental income when you’re not in residence. This flexibility makes the condo ideal for both personal use and a smart, self-funding getaway.
This high-and-dry 4th-floor unit is beautifully renovated, offered furnished, and move-in ready. Natural light is a standout feature—sunshine pours through the screened/enclosed balcony from morning through mid-day, filling the living areas with a bright, breezy coastal feel. Enjoy peaceful views of Little Sarasota Bay and the Intracoastal Waterway from your enclosed lanai with sliding windows—perfect for coffee, cocktails, and quiet sunsets.
The modern kitchen features granite countertops, crisp white cabinetry, and an integrated washer/dryer. The spacious owner’s suite includes a large walk-in closet, while the guest bedroom offers an extra-large closet plus a separate owner’s lock-away closet for personal items when guests arrive.
Island Reef lives like a resort: two heated pools, tennis and pickleball courts, fitness center, clubhouse, grilling patios, shuffleboard, game room, library, and an active social calendar. You’re a short walk to restaurants, a full-service marina with rentals and storage, and Turtle Beach. And the free Siesta Key trolley stops right in front of the community, taking you to Siesta Village, shopping, dining, and more beaches along Midnight Pass Road.
Beach-to-Bay lifestyle + rare 1-month rental flexibility = a standout Siesta Key value. Schedule your private showing today.

Listing Agent

John Brink

OCEANS GLOBAL REALTY, LLC Brokerage Phone: 941-444-5444 License #3596306 Listed on: 11/22/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,740

Year Built

  • Built in 1979

Lot Details

  • North Facing Home
  • Mature Landscaping
  • Irrigation Equipment
  • Landscaped with Trees

HOA Fees

  • $1,000 Monthly HOA Fees

Property Views

Home Design

  • Entry on the 4th floor
  • Slab Foundation
  • Built-Up Roof
  • Concrete Siding
  • Stucco

Interior Spaces

  • 1,303 Sq Ft Home
  • Open Floorplan
  • Furnished
  • Built-In Desk
  • Ceiling Fan
  • Tinted Windows
  • Drapes & Rods
  • Blinds
  • Sliding Doors
  • Great Room
  • Combination Dining and Living Room
  • Storage Room
  • Inside Utility
  • Intercom

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • En-Suite Bathroom
  • Walk-In Closet
  • 2 Full Bathrooms
  • Shower Only

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • 1 Carport Space
  • Guest Parking

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gunite Pool
  • Outdoor Shower

Outdoor Features

  • 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
  • Balcony
  • Screened Patio
  • Outdoor Kitchen
  • Exterior Lighting
  • Outdoor Grill
  • Rain Gutters
  • Private Mailbox
  • Wrap Around Porch

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 0129081023

Community Details

Overview

  • Association fees include pool, escrow reserves fund, insurance, maintenance structure, ground maintenance, management, pest control, security, sewer
  • Mid-Rise Condominium
  • Island Reef Community
  • Island Reef II Ph 1 2 & 3 Subdivision
  • On-Site Maintenance
  • Association Owns Recreation Facilities
  • 5-Story Property

Amenities

  • Clubhouse
  • Elevator
  • Community Mailbox

Recreation

  • Recreation Facilities
  • Shuffleboard Court
  • Community Spa
  • Fish Cleaning Station

Pet Policy

  • Pets up to 30 lbs
  • 1 Pet Allowed

Security

  • Security Service
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,740

Year Built

Built in 1979

Lot Details

0

HOA Fees

$1,000 per month

Listing Details

  • HOA Fee Includes: Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Management, Pest Control, Security, Sewer
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Construction Materials: Concrete, Stucco
  • Fireplace: No
  • Living Area: 1303
  • Lot Size Acres: 6.31
  • New Construction: No
  • Year Built: 1979
  • Building Area Total: 1383
  • Lot Size Sq Ft: 274901
  • Status: Active
  • Ownership: Condominium
  • Entry Level: 4
  • Building Area Total Srch Sq M: 128.48
  • Escrow State: FL
  • Floor Number: 4
  • Minimum Lease: 1 Month
  • Number Of Pets: 1
  • RATIO Current Price By Calculate: 475.83
  • Total Acreage: 5 to less than 10
  • Water Access YN: 1
  • Condo Fees Term: Quarterly
  • Property Description: Mid Rise
  • Water Frontage Feet Beach: 256
  • 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: 941-444-5444
  • Tax Year: 2024
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Thermostat, Walk-In Closet(s)
  • Appliances Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Other Equipment: Irrigation Equipment, Intercom
  • Spa Features: Heated, In Ground
  • Spa Yn: Yes
  • Stories: 5
  • Window Features: Blinds, Drapes, Tinted Windows
  • Additional Rooms: Inside Utility,Storage Rooms
  • Living Area Meters: 121.05

Exterior Features

  • Direction Faces: North
  • Other Structures: Outdoor Kitchen, Tennis Court(s)
  • Pool Features: Gunite, Heated, In Ground
  • Exterior Features: Balcony, Lighting, Outdoor Grill, Outdoor Shower, Private Mailbox, Rain Gutters, Sliding Doors, Tennis Court(s)
  • Roof: Built-Up
  • Pool Private: Yes
  • View: Water
  • Water Body Name: LITTLE SARASOTA BAY
  • Waterfront: Yes
  • Patio and Porch Features: Enclosed, Rear Porch, Screened, Wrap Around
  • 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 - Full,Bay/Harbor - Partial,Intracoastal Waterway,Marina
  • Water View YN: 1
  • Waterfront Feet Total: 1968
  • Additional Water Information: Beach to Bay Community. Please verify the length of beach, bay and marina. Private resort style beach and bayside access included with assignable boat docks that allow boat lifts to be installed.
  • Water Frontage Feet Bay Harbor: 100
  • Water Frontage Feet ICW: 1000
  • Water Frontage Feet Marina: 100
  • Water Frontage Feet Gulf Ocean: 256
  • Water Frontage Feet Ocean 2 Bay: 256

Garage/Parking

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

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Fiber Optics, Fire Hydrant, Phone Available, Public, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside, Laundry Closet
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Clubhouse, Community Mailbox, Fitness Center, Pool, Restaurant, Sidewalks, Tennis Court(s), Street Lights
  • Association Amenities: Clubhouse, Elevator(s), Fitness Center, Maintenance, Pickleball Court(s), Pool, Recreation Facilities, Security, Shuffleboard Court, Spa/Hot Tub, Tennis Court(s)
  • Association: No
  • Security: Smoke Detector(s)
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Pet Restrictions: One dog only, which at maturity weighs less than 30 pounds, or one cat only is permitted per unit. This includes dogs belonging to guests visiting at Island Reef.
  • Condo Fees: 3000
  • Condo Land Included YN: 1
  • Max Pet Weight: 30
  • Monthly Condo Fee Amount: 1000
  • Pet Size: Small (16-35 Lbs.)

Fee Information

  • Total Annual Fees: 12000.00
  • Total Monthly Fees: 1000.00

Lot Info

  • Zoning: RMF1
  • Parcel Number: 0129081023
  • Additional Parcels: No
  • Property Attached Yn: Yes
  • Flood Zone Code: AE

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Association Approval Process.

Tax Info

  • Tax Annual Amount: 5739.59
  • Tax Book Number: 11-34
  • Tax Lot: 1

Multi Family

  • Waterfront Features: Bay/Harbor, Beach Front, Gulf/Ocean to Bay, Intracoastal Waterway, Marina in Community
  • Approval Process: Association Approval Process via Island Reef Manager (Sandy = 941.349.2844)

Map

About Island Reef

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
2024 $5,888 $434,572 -- --
2023 $5,888 $524,800 $0 $524,800
2022 $5,358 $468,600 $0 $468,600
2021 $4,414 $326,500 $0 $326,500
2020 $4,287 $310,400 $0 $310,400
2019 $4,725 $349,200 $0 $349,200
2018 $4,730 $350,600 $0 $350,600
2017 $4,807 $350,600 $0 $350,600
2016 $4,908 $350,600 $0 $350,600
2015 $4,809 $333,900 $0 $333,900
2014 $4,831 $280,800 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/22/2025 11/22/25 For Sale $620,000 +75.6% $476 / Sq Ft
05/08/2013 05/08/13 Sold $353,000 -6.9% $271 / Sq Ft View Prior Sale
12/31/2012 12/31/12 Pending -- -- --
12/28/2012 12/28/12 For Sale $379,000 -- $291 / Sq Ft
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $353,000 Attorney
Source: Public Records

Source: Stellar MLS

MLS Number: A4673053

Stellar MLS

APN: 0129-08-1023

Florida Sarasota County Sarasota 34242

8767 Midnight Pass Rd Unit 403F, Sarasota, FL

For Sale

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 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.



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

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John Brink
Listing Agent
John Brink
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OCEANS GLOBAL REALTY, LLC
(941) 479-6349