$387,500
SOLD FEB 18, 2021

Island Reef 8773 Midnight Pass Rd Unit 103G Sarasota, FL 34242

2 Beds
2 Baths
1,301 Sq Ft
6.31 Acres

Recently Sold

$298 Per Sq Ft

4 Days on Market

Highlights

  • Boat Dock
  • Property fronts an intracoastal waterway
  • Fitness Center
  • Phillippi Shores Elementary School Rated A
  • Water Access
  • Gunite Pool

About This Home

As of May 2024

Rare Opportunity: Own in Island Reef at the Lowest Price in years! Island Reef is a luxury resort community with 2 heated pools, beach, and intracoastal frontage, docks, tennis, pickle ball, fitness room, kayak launch and a beautiful upscale clubhouse. The community organizes many social events. 103G is a first floor one-owner unit with an adjacent carport space. The main floor unit offers views of the pool and tropical landscape from the spacious enclosed glassed lanai. This condo has been lovingly lived in and cared for and is the site of great family memories. The unit is offered furnished and is in nice condition for immediate occupancy or rental. Current updates include new carpet, new paint throughout, new garbage disposal, water heater(3 yrs), bath fans, new light fixtures and mirrors. There is a full sized washer/dryer in the laundry area. This unit has a large storage closet, walk-in master closet, and full wall closets in the guest bedroom. This is an EASY ACCESS unit with no stairs; direct access to parking, and direct walk-out to the pool are. NO WAITING for an elevator. The building roof is new in 2020. Island Reef has an onsite manager that handles rentals for those who choose. Rental minimums are one month -8 times a year. Seasonal rental prices and furthur community information can be found on www.islandreef.net. The free trolley stops right at the Island Reef entrance and runs every 20 minutes. You can travel to Siesta Key Public Beach, several restaurants, and the Siesta Key Village. You can also walk to several restaurants and the Turtle beach playground. You too can live in Paradise! Call today!

Last Agent to Sell the Property

Carolyn Francis

EXP REALTY LLC License #3079410 Listed on: 01/18/2021

EXP REALTY LLC

Co-Listed By

Stuart Francis

EXP REALTY LLC License #3246949

Last Buyer's Agent

Linda Scheller

COLDWELL BANKER REALTY License #0372710

COLDWELL BANKER REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,344

Year Built

  • Built in 1980

Lot Details

  • South Facing Home
  • Irrigation
  • Unpaved Streets

Property Views

  • Woods
  • Garden

Home Design

  • Florida Architecture
  • Slab Foundation
  • Membrane Roofing
  • Concrete Siding
  • Stucco

Interior Spaces

  • 1,301 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Blinds
  • Sliding Doors
  • Combination Dining and Living Room
  • Sun or Florida Room
  • Storage Room
  • Utility Room

Kitchen

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

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry in Kitchen
  • Dryer
  • Washer

Home Security

Parking

  • 1 Carport Space
  • Common or Shared Parking
  • Ground Level Parking
  • Off-Street Parking
  • Assigned Parking

Pool

  • Gunite Pool
  • Outdoor Shower

Outdoor Features

  • Water Access
  • Enclosed Patio or Porch
  • Exterior Lighting
  • Outdoor Grill

Location

  • Flood Zone Lot

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Thermostat
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 0129081037

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include cable TV, common area taxes, community pool, escrow reserves fund, fidelity bond, insurance, maintenance exterior, ground maintenance, manager, pest control, pool maintenance, private road, recreational facilities, sewer, trash, water
  • Meryem Billauadil Lighthouse Management Association, Phone Number (941) 349-2844
  • Island Reef Community
  • On-Site Maintenance
  • Association Approval Required
  • Association Owns Recreation Facilities
  • The community has rules related to building or community restrictions, deed restrictions, vehicle restrictions

Amenities

  • Sauna
  • Laundry Facilities
  • Elevator

Recreation

  • Recreation Facilities
  • Fishing

Pet Policy

  • Pets up to 35 lbs
  • Limit on the number of pets
  • Pet Size Limit

Security

  • Card or Code Access
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,344

Year Built

Built in 1980

Lot Details

0

Listing Details

  • HOA Fee Includes: Cable TV, Common Area Taxes, Community Pool, Escrow Reserves Fund, Fidelity Bond, Insurance, Maintenance Exterior, 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
  • Property Description: Mid Rise
  • Water Extras: Bridges - No Fixed Bridges, Dock - Slip 1st Come, Dock - Wood, Fishing Pier
  • Construction Materials: Concrete, Stucco
  • Living Area: 1301.00
  • Homestead: Yes
  • Year Built: 1980
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4488888?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4488888?w=Customer
  • Down Payment Resource Assistance: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4488888?w=PubMLS
  • Tax Year: 2020
  • Special Features: None

Interior Features

  • Room Count: 6
  • Living Area Units: Square Feet
  • Additional Rooms: Florida Room, Inside Utility, Storage Rooms
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Eating Space In Kitchen, Living Room/Dining Room Combo, Thermostat, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range Hood, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Floor Number: 1
  • Levels: One
  • Stories: 1
  • Window Features: Blinds
  • Living Area Meters: 120.87

Exterior Features

  • Direction Faces: South
  • Water Extras: Yes
  • Waterfront Feet ICW: 200
  • Water Access: Gulf/Ocean to Bay
  • Pool Features: Gunite, Heated
  • Exterior Features: Irrigation System, Lighting, Outdoor Grill, Outdoor Shower, Sidewalk, Sliding Doors, Tennis Court(s)
  • Roof: Membrane
  • Flood Zone Code: AE
  • Water Access: Yes
  • View: Garden, Pool, Tennis Court, Trees/Woods
  • Water Body Name: GULF OF MEXICO-INTERCOASTAL
  • Waterfront: Yes
  • Patio and Porch Features: Enclosed, Rear Porch, Screened
  • Road Surface Type: Paved

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: Yes
  • Parking Features: Assigned, Common, Covered, Ground Level, Guest, Off Street

Utilities

  • Utilities: Cable Connected, Electricity Connected, Public, Street Lights, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric, Heat Pump
  • Laundry Features: Inside, In Kitchen
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • S W Subdiv Community Name: Island Reef
  • Community Features: Association Recreation - Owned, Deed Restrictions, Fishing, Fitness, Pool, Sidewalk, Special Community Restrictions, Tennis Courts, Water Access, Waterfront
  • Building Name Number: G
  • Condo Fees: 2000
  • Condo Fees Term: Quarterly
  • Condo Land Included: Yes
  • Max Pet Weight: 35
  • Monthly Condo Fee Amount: 667
  • Pet Size: Small (16-35 Lbs.)
  • Association Amenities: Cable, Dock, Elevators, Fitness Center, Laundry, Lobby Key Required, Maintenance, Pickleball Court(s), Pool, Recreation Facilities, Sauna, Tennis Court(s), Vehicle Restrictions
  • Association Approval Required: Yes
  • Association Name: Meryem Billauadil-Lighthouse Management
  • Phone: 941-349-2844
  • Association: Yes
  • Security: Smoke Detector(s)
  • Association Email: mgr@islandreef.net
  • Association Website: http://www.lighthousemanagement.net
  • Complex Community Name Nccb: ISLAND REEF

Fee Information

  • Waterfront Frontage: 200
  • Total Annual Fees: 8000.00
  • Total Monthly Fees: 666.67

Lot Info

  • Zoning Compatible: Yes
  • Total Acreage: Non-Applicable
  • Zoning: SKOD
  • Parcel Number: 0129081037
  • Lot Features: FloodZone, Street Paved, Street Unpaved
  • Property Attached Yn: Yes

Rental Info

  • Minimum Lease: 1 Month
  • Additional Lease Restrictions: See COndo Docs
  • Furnished: Furnished
  • Lease Restrictions: Yes
  • Pets Allowed: Number Limit, Size Limit

Multi Family

  • Approval Process: $100.00 Application fee, Board Approval. Background check
  • Waterfront Features: Intracoastal Waterway

Tax Info

  • Tax Annual Amount: 3344.00
  • Tax Book Number: 11/34

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2024
Closed on
May 8, 2024
Sold by
Clapp Michael and Clapp Robin Lee
Bought by
Breuer David F and Breuer Patrice M
Seller's Agent
Joseph Kesslak
COLDWELL BANKER REALTY
Buyer's Agent
Candy Swick
CANDY SWICK & COMPANY
List Price
$749,000
Sold Price
$696,000
Premium/Discount to List
-$53,000
-7.08%
Views
43
Current Estimated Value
$642,518

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$53,482
Avg. Annual Appreciation
-5.88%

Purchase Details

Listed on
Feb 19, 2021
Closed on
Apr 30, 2021
Sold by
Salt City Homes Llc
Bought by
Clapp Michael and Clapp Robin Lee
Seller's Agent
Linda Scheller
COLDWELL BANKER REALTY
Buyer's Agent
David Clapp
RE/MAX ALLIANCE GROUP
List Price
$449,000
Sold Price
$435,000
Premium/Discount to List
-$14,000
-3.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.84%
Original Mortgage
$348,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 18, 2021
Closed on
Feb 18, 2021
Sold by
Francis Carolyn and Jacobson Kenneth A
Bought by
Salt City Homes Llc
Seller's Agent
Carolyn Francis
EXP REALTY LLC
Buyer's Agent
Linda Scheller
COLDWELL BANKER REALTY
List Price
$387,500
Sold Price
$387,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
83.78%

Purchase Details

Closed on
Mar 2, 2020
Sold by
Jacobson Arnold O
Bought by
Jacobson Arnold O and Francis Carolyn
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $696,000 None Listed On Document
Special Warranty Deed $435,000 Alliance Group Title Llc
Warranty Deed $387,500 None Listed On Document
Interfamily Deed Transfer -- Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $348,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2024 05/08/24 Sold $696,000 -4.5% $534 / Sq Ft
04/03/2024 04/03/24 Pending -- -- --
03/12/2024 03/12/24 Price Changed $729,000 -2.7% $559 / Sq Ft
02/15/2024 02/15/24 For Sale $749,000 0.0% $575 / Sq Ft
02/14/2024 02/14/24 Pending -- -- --
02/01/2024 02/01/24 For Sale $749,000 +72.2% $575 / Sq Ft
04/30/2021 04/30/21 Sold $435,000 -3.1% $334 / Sq Ft
03/21/2021 03/21/21 Pending -- -- --
02/19/2021 02/19/21 For Sale $449,000 +15.9% $345 / Sq Ft
02/18/2021 02/18/21 Sold $387,500 0.0% $298 / Sq Ft
01/22/2021 01/22/21 Pending -- -- --
01/18/2021 01/18/21 For Sale $387,500 -- $298 / 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
2024 $4,264 $371,693 -- --
2023 $4,264 $360,867 $0 $0
2022 $3,429 $289,774 $0 $0
2021 $4,081 $299,200 $0 $299,200
2020 $3,345 $271,388 $0 $0
2019 $3,228 $265,286 $0 $0
2018 $3,150 $260,340 $0 $0
2017 $3,133 $254,985 $0 $0
2016 $3,135 $302,500 $0 $302,500
2015 $3,190 $288,200 $0 $288,200
2014 $3,177 $242,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4488888

Stellar MLS

APN: 0129-08-1037