$680,000
$45K PRICE DROP

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

Siesta Key Neighborhood

Estimated payment $5,248/month

Total Views 2,671
2 Beds
2 Baths
1,303 Sq Ft
$522 Price per Sq Ft

Highlights

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

About This Home

LUCRATIVE RENTAL INCOME OPPORTUNITY at this rare BEACH-TO-BAY COMMUNITY. Experience the Best of Siesta Key at Island Reef while your investment pays for itself and puts extra income in the bank. This beautifully renovated 4th-floor condo offers views of Little Sarasota Bay and the Intracoastal Waterway. Move-in ready and tastefully furnished, this unit is perfect for personal enjoyment and / or rental income (MONTHLY RENTALS ALLOWED - SEE ATTACHED INCOME ANALYSIS). The modern kitchen features granite countertops, white cabinetry, and seamlessly integrated clothes washer and dryer. The enclosed lanai, with sliding windows, provides a serene space to relax and take in the picturesque bay views. The spacious owner’s suite includes a generous walk-in closet. There is an additional spacious bedroom with an extra large closet and this unit has as separate owner’s closet to lock away personal belongings when rental guests arrive.Island Reef is a sought-after Gulf-to-Bay community with an array of resort-style amenities, including private beach access, TWO heated pools, tennis and PICKLEBAL courts, a fitness center, clubhouse, grilling patios, shuffleboard, a pool table, video game room, library, and a vibrant social calendar including regular men's and women's golf outings. Boat docks are available on a first-come, first-served basis and the community allows you to INSTALL A BOAT LIFT in your BOAT SLIP. Conveniently located, Island Reef is also just a short walk from three local restaurants, a full service marina with boat storage, boat rentals, and Turtle Beach playground. Plus, the FREE Siesta Key TROLLEY stops right at Island Reef, offering a hassle-free ride to Siesta Beach, Siesta Village, and all the attractions along Midnight Pass Road.Paradise found. ALL SPECIAL ASSESSMENTS ARE PAID. So, what are you waiting for? MIC DROP…Schedule your private showing today!

Listing Agent

John Brink

OCEANS GLOBAL REALTY, LLC License #3596306

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

Parking

  • 1 Carport Space

Property Views

Home Design

  • 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

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

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
  • Directions to Property: From Stickney Point Bridge go south to 8767 Midnight Pass Rd. Turn left towards the Bayside. Then immediate Left to last building on the bayside waterfront (Building "F"). Park in carport marked for #403 or in Guest Parking. Coded Lockbox hanging behind the Elevator Lobby Entrance near resident mailboxes. Large key opens the Lobby Door and Pool Door Gates.
  • Status: Active
  • Ownership: Condominium
  • ResoBuildingAreaSource: Estimated
  • Available for Lease YN: 1
  • Escrow State: FL
  • Floor Number: 4
  • List Office Head Office Key Nume: 546084334
  • Minimum Lease: 1 Month
  • Number Of Pets: 1
  • RATIO Current Price By Calculate: 521.87
  • Total Acreage: 5 to less than 10
  • Unit Number YN: 0
  • 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
  • Tax Year: 2024
  • Special Features: VirtualTour

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
  • Street Number Modifier: 8767
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Inside Utility,Storage Rooms
  • Living Area Meters: 121.05
  • Room Count: 4

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 Extras YN: 1
  • Water View: Bay/Harbor - Full,Bay/Harbor - Partial,Intracoastal Waterway,Marina
  • Water View YN: 1
  • Waterfront Feet Total: 612
  • Additional Water Information: Beach to Bay Community. Private resort style beach and bayside access included with assignable boat docks that allow boat lifts to be installed. Turtle Beach Marina is less than 1/8 mile and is a full service marina and has boat storage.
  • Water Frontage Feet Bay Harbor: 100
  • Water Frontage Feet Gulf Ocean: 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.
  • Building Name Number: F
  • Condo Fees: 3000
  • Condo Land Included YN: 1
  • Max Pet Weight: 30
  • Montly Maint Amt Addition To HOA: 0
  • 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
  • Homestead YN: 0
  • Lot Size Square Meters: 25539

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:

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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 Change Sq Ft Price
04/06/2025 04/06/25 Price Changed $680,000 -6.2% $522 / Sq Ft
03/12/2025 03/12/25 For Sale $725,000 +105.4% $556 / Sq Ft
05/08/2013 05/08/13 Sold $353,000 -6.9% $271 / Sq Ft
12/31/2012 12/31/12 Pending -- -- --
12/28/2012 12/28/12 For Sale $379,000 -- $291 / Sq Ft
Source: Stellar MLS

Deed History

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

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Source: Stellar MLS

MLS Number: A4644284

Stellar MLS

APN: 0129-08-1023

Florida Sarasota County Sarasota 34242 Siesta Key

8767 Midnight Pass Rd Unit 403F, Sarasota, FL

Homes for Sale in Sarasota, FL

This home is located at 8767 Midnight Pass Rd Unit 403F, Sarasota, FL 34242 and is currently priced at $680,000, approximately $521 per square foot. This property was built in 1979. 8767 Midnight Pass Rd Unit 403F is a home located in Sarasota County with nearby schools including Phillippi Shores Elementary School, Brookside Middle School, and Sarasota High School.

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

John Brink
Listing Agent
John Brink
Section Image
OCEANS GLOBAL REALTY, LLC
(941) 352-1867