NOT LISTED FOR SALE

Island Reef 8767 Midnight Pass Rd Unit 505F Sarasota, FL 34242

Estimated Value: $613,000 - $663,000

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

Last Sold January 25, 2019

Last sale price $470,000 $361 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $4,295/month

123 Days on Market

Highlights

  • Boat Dock
  • Water access To Gulf or Ocean To Bay
  • Fitness Center
  • Phillippi Shores Elementary School Rated A
  • Property fronts an intracoastal waterway
  • Heated In Ground Pool

About This Home

As of January 2019

SPECTACULAR BAY VIEWS can be yours from this highly sought after 5th floor unit! This 2 bedroom, 2 bath unit has beautiful water views from just about every window. An enclosed lanai allows for year round enjoyment. The kitchen features stainless steel appliances along with a built in work station. A generous sized master bedroom has lovely built-ins for all your beach treasures along with a walk in closet and double vanity in the en suite master bath. This unit is a light, bright, and airy place to call home located in the beautiful GULF TO BAY and amenity-rich complex of Island Reef. Features include direct beach access, two pools, tennis courts, billiards, fitness room. There is also a clubhouse, BBQ area, bike storage, boat docks, kayak rack, and the list just continues. And to top it off, this complex is pet friendly. Now is the time to grab your winter retreat!

Last Agent to Sell the Property

Christina Miller

SARASOTA BAY REAL ESTATE P.A. License #3100088 Listed on: 08/11/2018

Last Buyer's Agent

Geri Scheckner

BRIGHT REALTY License #0522378

BRIGHT REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,864

Year Built

  • Built in 1979

Lot Details

  • Northeast Facing Home
  • Mature Landscaping
  • Irrigation

HOA Fees

  • $633 Monthly HOA Fees

Home Design

  • Florida Architecture
  • Built-Up Roof
  • Block Exterior
  • Pile Dwellings
  • Stucco

Interior Spaces

  • 1,303 Sq Ft Home
  • Built-In Features
  • Ceiling Fan
  • Blinds
  • Combination Dining and Living Room

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry in Kitchen
  • Dryer
  • Washer

Home Security

Parking

  • 1 Carport Space
  • Guest Parking
  • Assigned Parking

Pool

Outdoor Features

  • Water access To Gulf or Ocean To Bay
  • Fishing Pier
  • Deeded access to the beach
  • Seawall
  • Dock made with wood
  • Screened Patio
  • Exterior Lighting
  • Outdoor Grill

Schools

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

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, community pool, escrow reserves fund, insurance, ground maintenance, manager, pest control, pool maintenance, private road, recreational facilities, sewer, trash, water
  • Cicily Mendez Association, Phone Number (941) 349-2844
  • Island Reef Community
  • Island Reef II Ph 1 2 & 3 Subdivision
  • Association Owns Recreation Facilities
  • The community has rules related to no truck, recreational vehicles, or motorcycle parking
  • Rental Restrictions
  • 5-Story Property

Amenities

  • Clubhouse
  • Elevator
  • Community Storage Space

Recreation

  • Community Boat Slip
  • Recreation Facilities
  • Shuffleboard Court
  • Fishing

Pet Policy

  • Pets up to 30 lbs
  • Pet Size Limit
  • 1 Pet Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,864

Year Built

Built in 1979

Lot Details

0

HOA Fees

$633 per month

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Escrow Reserves Fund, Insurance, Maintenance Grounds, Manager, Pest Control, Pool Maintenance, Private Road, Recreational Facilities, Sewer, Trash, Water
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Architectural Style: Florida
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1303
  • New Construction: No
  • Year Built: 1979
  • Building Area Total: 1421
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4410380&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4410380&cview=true&show_results=true&customer_portal=true
  • Floor Number: 5
  • Homestead Y N: Yes
  • Number Of Pets: 1
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Planned Unit Development Y N: No
  • Ratio: Close Price\List Price: 0.96907
  • Price per Sq Ft: 360.71
  • Close to Original List Price Ratio: 0.96907
  • Ratio: Current Price\Building Area Total: 330.75
  • View: Yes
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2017
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Built in Features, Ceiling Fans(s), Eating Space In Kitchen, Living Room/Dining Room Combo, Split Bedroom, Walk-In Closet(s)
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Stilt/On Piling
  • Total Bedrooms: 2
  • Levels: One
  • Spa Yn: No
  • Stories: 5
  • Window Features: Blinds
  • Room Count: 6
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: Northeast
  • Other Structures: Tennis Court(s)
  • Pool Features: Gunite, Heated, In Ground
  • Exterior Features: Irrigation System, Lighting, Outdoor Grill, Sidewalk, Tennis Court(s)
  • Roof: Built-Up
  • Pool Private: No
  • View: Water
  • Water Body Name: Intracoastal - Sarasota Bay
  • Waterfront: Yes
  • Patio and Porch Features: Screened
  • Water View: Intracoastal Waterway
  • Water Access: Bay/Harbor, Beach - Access Deeded, Gulf/Ocean to Bay
  • Water Extras: Dock - Wood, Fishing Pier, Seawall - Concrete
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Flood Zone Panel: 12115C0207F
  • Waterfront Frontage: 2
  • Water Frontage Feet I C W: 1
  • Water Frontage Feet Ocean 2 Bay: 1
  • Disclosures: Condominium Disclosure Available, Seller Property Disclosure

Garage/Parking

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

Utilities

  • Utilities: Cable Connected, Electricity Connected, Phone Available, Public, Sewer Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Fishing, Fitness, No Truck/RV/Motorcycle Parking, Pool, Tennis Courts, Water Access, Waterfront
  • Association Amenities: Boat Slip, Clubhouse, Boat Dock, Elevator(s), Fitness Center, Pool, Recreation Facilities, Shuffleboard Court, Storage, Tennis Court(s)
  • Association Name: Cicily Mendez
  • Phone: 941-349-2844
  • Association: Yes
  • Security: Smoke Detector(s)
  • Senior Community: No
  • Condo Fees: 1900
  • Condo Fees Term: Quarterly
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 633
  • Amenities Additional Fees: boat dock, bike storage, kayak storage
  • Association Fee Requirement: None
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 7600
  • Total Monthly Fees: 633.33

Schools

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

Lot Info

  • Zoning: RMF1
  • Parcel Number: 0129081032
  • Additional Parcels: No
  • Lot Features: In County, Sidewalk
  • Property Attached Yn: Yes
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-11-04
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Number Limit, Size Limit, Yes
  • Pet Size: Small (16-35 Lbs.)
  • Max Pet Weight: 30
  • Minimum Lease: 1 Month
  • Approval Process: Application and $100 fee.
  • Num Timesper Year: 8
  • Pet Restrictions: One pet, max weight of 30 lbs
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Assoc. approval 1 month min.

Tax Info

  • Tax Annual Amount: 2864
  • Tax Book Number: 11-34
  • Tax Lot: 505F

Multi Family

  • Waterfront Features: Gulf/Ocean to Bay, Intracoastal Waterway

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2018
Closed on
Jan 25, 2019
Sold by
Short Linda L
Bought by
Suhr Kurt W and Giloy Kathleen A
Seller's Agent
Christina Miller
SARASOTA BAY REAL ESTATE P.A.
Buyer's Agent
Geri Scheckner
BRIGHT REALTY
List Price
$485,000
Sold Price
$470,000
Premium/Discount to List
-$15,000
-3.09%
Current Estimated Value
$628,385

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$158,385
Avg. Annual Appreciation
4.32%

Purchase Details

Closed on
Sep 30, 1996
Sold by
Stuart Barbara P
Bought by
Short Robert E and Short Linda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
7.85%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Suhr Kurt W $470,000 Attorney
Short Robert E $195,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Short Robert E $156,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/25/2019 01/25/19 Sold $470,000 -3.1% $361 / Sq Ft
12/12/2018 12/12/18 Pending -- -- --
08/11/2018 08/11/18 For Sale $485,000 -- $372 / 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 $4,287 $486,300 -- $486,300
2024 $4,127 $359,553 -- --
2023 $4,127 $349,081 $0 $0
2022 $4,005 $338,914 $0 $0
2021 $4,002 $329,043 $0 $0
2020 $4,014 $324,500 $0 $324,500
2019 $4,917 $364,600 $0 $364,600
2018 $2,880 $238,186 $0 $0
2017 $2,864 $233,287 $0 $0
2016 $2,866 $359,400 $0 $359,400
2015 $2,916 $342,300 $0 $342,300
2014 $2,904 $221,773 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Christina Miller

    Seller's Agent in 2019

    Christina Miller

    SARASOTA BAY REAL ESTATE P.A.

    (941) 713-2340

    3 in this area

    58 Total Sales

    Christina Miller
    Section Image

  • G

    Buyer's Agent in 2019

    Geri Scheckner

    BRIGHT REALTY

    (941) 356-0652

    2 in this area

    51 Total Sales

    Geri Scheckner
    Section Image
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About Island Reef

Map

Source: Stellar MLS

MLS Number: A4410380

Stellar MLS

APN: 0129-08-1032

Florida Sarasota County Sarasota 34242

8767 Midnight Pass Rd Unit 505F, Sarasota, FL

Not Listed for Sale

Condos

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