NOT LISTED FOR SALE

Island Reef 8767 Midnight Pass Rd Unit 503F Sarasota, FL 34242

Estimated Value: $646,543 - $669,000

2 Beds
2 Baths
1,303 Sq Ft
$633/mo HOA Fee

Last Sold August 02, 2017

Last sale price $432,000 $332 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $4,713/month

181 Days on Market

Highlights

  • 200 Feet of Intracoastal Waterfront
  • White Water Ocean Views
  • Water access To Gulf or Ocean
  • Phillippi Shores Elementary School Rated A
  • Boat Dock
  • Private Beach

About This Home

As of August 2017

SPECTACULAR VIEWS OF INTRACOASTAL WATERWAY, SEA BREEZES, GULF TO BAY COMMUNITY, BEACH AND BOAT DOCKS! TOP FLOOR GIVES YOU EXPANSIVE WATER VIEWS. Turnkey furnished, many upgrades plus laundry center in residence. Popular Abaco floor plan. Carport and guest parking. Siesta Key’s hidden treasure at the quiet end of the island. Every day is like a vacation with two heated pools, three lighted tennis courts, pickleball, billiards, remodeled fitness room, remodeled clubhouse, boat docks with lifts allowed, BBQ patios, bike storage, kayak racks, saunas, remodeled Gulf side social room, Wi-Fi and more. PET FRIENDLY. Meet new friends with the active social calendar. Just a short stroll to three of Siesta Key’s favorite restaurants. Enjoy maintenance-free living with the joy of being close to all the cultural activities Sarasota has to offer.

Last Agent to Sell the Property

Marlene Marshall

MICHAEL SAUNDERS & COMPANY License #3113521 Listed on: 01/17/2017

MICHAEL SAUNDERS & COMPANY

Co-Listed By

George Marshall

MICHAEL SAUNDERS & COMPANY License #3033598

Last Buyer's Agent

Marlene Marshall

MICHAEL SAUNDERS & COMPANY License #3113521 Listed on: 01/17/2017

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,748

Year Built

  • Built in 1979

Lot Details

  • Private Beach
  • Public Beach
  • Street terminates at a dead end
  • Southeast Facing Home
  • Mature Landscaping
  • Landscaped with Trees

HOA Fees

  • $633 Monthly HOA Fees

Property Views

  • Garden
  • Park or Greenbelt

Home Design

  • Entry on the 5th floor
  • Slab Foundation
  • Built-Up Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,303 Sq Ft Home
  • Open Floorplan
  • Furnished
  • Bar Fridge
  • Tray Ceiling
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Great Room
  • Combination Dining and Living Room
  • Sun or Florida Room
  • Inside Utility
  • Sauna

Kitchen

  • Eat-In Kitchen
  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Wine Refrigerator

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Parking

  • 1 Carport Space
  • Guest Parking
  • Assigned Parking

Eco-Friendly Details

  • Reclaimed Water Irrigation System

Pool

  • Heated In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Water access To Gulf or Ocean
  • Access To Intracoastal Waterway
  • Fishing Pier
  • Deeded access to the beach
  • First Come-First Served Dock
  • Dock Does Not Have A Water Supply
  • Dock made with wood
  • Deck
  • Enclosed Patio or Porch
  • Exterior Lighting
  • Outdoor Grill

Location

  • Flood Zone Lot
  • Property is near public transit

Schools

  • Phillippi Shores Elementary School
  • Brookside Middle School
  • Sarasota High School

Utilities

  • Central Heating and Cooling System
  • Well
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, pool, escrow reserves fund, fidelity bond, insurance, maintenance structure, ground maintenance, maintenance, management, pest control, recreational facilities, sewer, trash, water
  • 173 Units
  • Island Reef Owners Assoc 941 349 2844 Association
  • Mid-Rise Condominium
  • Island Reef Community
  • Island Reef II Ph 1 2 & 3 Subdivision
  • Association Owns Recreation Facilities
  • The community has rules related to deed restrictions, no truck, recreational vehicles, or motorcycle parking
  • 5-Story Property

Recreation

  • Community Boat Slip
  • Recreation Facilities
  • Fishing

Pet Policy

  • Pets up to 30 lbs
  • 1 Pet Allowed

Additional Features

  • Laundry Facilities
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,748

Year Built

Built in 1979

Lot Details

0

HOA Fees

$633 per month

Listing Details

  • HOA Fee Includes: Cable TV, Pool, Escrow Reserves Fund, Fidelity Bond, Insurance, Maintenance Structure, Maintenance Grounds, Maintenance, Management, Pest Control, Recreational Facilities, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1303
  • New Construction: No
  • Year Built: 1979
  • Building Area Total: 1421
  • Status: Sold
  • Co List Office Mls Id: MFR281502395
  • Co List Office Phone: 941-349-3444
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Floor Number: 5
  • Minimum Lease: 1 Month
  • Number Of Pets: 1
  • RATIO Current Price By Calculate: 331.54
  • Water Access YN: 1
  • Condo Fees Term: Quarterly
  • Property Description: Mid Rise
  • Tax Year: 2016
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Eat-in Kitchen, Elevator, Living Room/Dining Room Combo, Open Floorplan, Split Bedroom, Tray Ceiling(s), Walk-In Closet(s), Window Treatments
  • Appliances Included: Bar Fridge, Dishwasher, Dryer, Electric Water Heater, Microwave, Microwave Hood, Range, Refrigerator, Washer, Wine Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 5
  • Window Features: Blinds, Window Treatments
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Florida Room,Great Room,Inside Utility

Exterior Features

  • Direction Faces: Southeast
  • Other Structures: Tennis Court(s)
  • Pool Features: Heated, In Ground
  • Exterior Features: Sliding Doors, Lighting, Outdoor Grill, Outdoor Shower, Sauna, Tennis Court(s)
  • Roof: Built-Up
  • Home Warranty: No
  • Pool Private: No
  • View: Garden, Park/Greenbelt, Water
  • Water Body Name: INTRACOASTAL WATERWAY
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck, Enclosed, Patio, Porch, Screened
  • Disclosures: Condominium Disclosure Available, Seller Property Disclosure
  • Water Access: Bay/Harbor,Beach - Access Deeded,Beach - Private,Beach - Public,Gulf/Ocean,Gulf/Ocean to Bay,Intracoastal Waterway
  • Water Extras: Dock - Slip 1st Come,Dock - Wood,Dock w/Electric,Dock w/o Water Supply,Fishing Pier,Sailboat Water
  • Water View: Bay/Harbor - Full,Intracoastal Waterway
  • Water View YN: 1
  • Waterfront Feet Total: 200
  • Flood Zone Panel: 12115C0207F
  • Water Frontage Feet ICW: 200

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: Yes
  • Parking Features: Assigned, Guest

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Sprinkler Recycled, Street Lights
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public, Well

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Deed Restrictions, Fishing, Fitness Center, No Truck/RV/Motorcycle Parking, Pool, Tennis Courts, Water Access, Waterfront Complex
  • Association Amenities: Boat Slip, Dock, Fitness Center, Laundry, Recreation Facilities, Tennis Court(s)
  • Association Fee Frequency: Quarterly
  • Association Name: Island Reef Owners Assoc 941-349-2844
  • Association: Yes
  • Security: Smoke Detector(s)
  • Senior Community: No
  • Association Approval Required YN: 1
  • Pet Restrictions: 1 pet 30 lbs. maximum
  • Association Fee Requirement: Required
  • Condo Fees: 1900
  • Condo Land Included YN: 0
  • Max Pet Weight: 30
  • Monthly Condo Fee Amount: 633
  • Pet Size: Small (16-35 Lbs.)

Schools

  • Elementary School: Phillippi Shores Elementary
  • High School: Sarasota High
  • Middle Or Junior School: Brookside Middle

Lot Info

  • Zoning: RMF1
  • Parcel Number: 0129081030
  • Additional Parcels: No
  • Lot Features: FloodZone, In County, Near Public Transit, Sidewalk, Street Dead-End, Paved, Private
  • Flood Zone Code: AE

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Please see Condominium Documents for Restrictions/Guidelines

Multi Family

  • Number Of Units Total: 173
  • Waterfront Features: Intracoastal Waterway
  • Approval Process: Application and $15 fee. Island Reef Association approval required.

Tax Info

  • Tax Annual Amount: 3748
  • Tax Book Number: 11-34
  • Tax Lot: 503F

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 26, 2025
Sold by
Weyeneth H Jeffrey H and Weyeneth Barbara A
Bought by
Rosemary B Kelly Revocable Living Trust and Kelly
Current Estimated Value
$667,004

Purchase Details

Closed on
May 3, 2021
Sold by
Weyeneth H Jeffrey H and Weyeneth Barbara A
Bought by
Weyeneth H Jeffrey H and Weyeneth Barbara A

Purchase Details

Listed on
Jan 17, 2017
Closed on
Jul 27, 2017
Sold by
Wuest Ralph A and Wuest Ruth M
Bought by
Weyeneth Weyeneth H and Weyeneth Barabra A
Seller's Agent
Marlene Marshall
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Marlene Marshall
MICHAEL SAUNDERS & COMPANY
List Price
$450,000
Sold Price
$432,000
Premium/Discount to List
-$18,000
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.14%

Purchase Details

Closed on
Jun 3, 1996
Sold by
Schenkel Family Ent
Bought by
Wuest Ralph A and Wuest Ruth M

Purchase Details

Closed on
Dec 13, 1993
Sold by
Schenkel Catherine C
Bought by
Schenkel Family Ent
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rosemary B Kelly Revocable Living Trust $700,000 None Listed On Document
Weyeneth H Jeffrey H -- Accommodation
Weyeneth Weyeneth H $432,000 Attorney
Wuest Ralph A $198,000 --
Schenkel Family Ent $178,600 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/17/2018 08/17/18 Off Market $432,000 -- --
08/02/2017 08/02/17 Sold $432,000 -4.0% $332 / Sq Ft
07/18/2017 07/18/17 Pending -- -- --
07/18/2017 07/18/17 For Sale $450,000 +4.2% $345 / Sq Ft
06/19/2017 06/19/17 Off Market $432,000 -- --
01/17/2017 01/17/17 For Sale $475,000 -- $365 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

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 $6,867 $518,100 -- $518,100
2024 $7,344 $546,109 -- --
2023 $7,344 $671,500 $0 $671,500
2022 $6,632 $591,700 $0 $591,700
2021 $5,436 $410,300 $0 $410,300
2020 $5,288 $390,600 $0 $390,600
2019 $5,742 $438,800 $0 $438,800
2018 $4,840 $359,400 $0 $359,400
2017 $3,747 $302,848 $0 $0
2016 $3,748 $359,400 $0 $359,400
2015 $3,816 $342,300 $0 $342,300
2014 $3,801 $287,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Marlene Marshall

    Seller's Agent in 2017

    Marlene Marshall

    Michael Saunders

    (941) 539-8850

    37 in this area

    44 Total Sales

    Marlene Marshall
    Section Image

  • G

    Seller Co-Listing Agent in 2017

    George Marshall

    Michael Saunders

    (941) 961-3221

    28 in this area

    29 Total Sales

    George Marshall
    Section Image
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About Island Reef

Map

Source: Stellar MLS

MLS Number: A4174856

Stellar MLS

APN: 0129-08-1030

Florida Sarasota County Sarasota 34242

8767 Midnight Pass Rd Unit 503F, Sarasota, FL

Not Listed for Sale

Condos

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

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