$529,000
$46K PRICE DROP

Island Reef 8773 Midnight Pass Rd Unit 205G Sarasota, FL 34242

Estimated payment $4,095/month

Total Views 5,155
2 Beds
2 Baths
1,303 Sq Ft
$406 Price per Sq Ft

Highlights

  • 800 Feet of Ocean or Gulf Waterfront
  • Dock has access to electricity and water
  • Fitness Center
  • Phillippi Shores Elementary School Rated A
  • Beach Access
  • Heated In Ground Pool

About This Home

One or more photo(s) has been virtually staged. Welcome to Island Reef, an amenity rich Gulf to Bay resort where living the dream meets reality. Located on the tranquil southern end of Siesta Key you are just steps away from enjoying boating activities on the Intercoastal, a day at leisure on the beach or taking in a beautiful sunset over the Gulf. Come see this BAYSIDE condo that has undergone a remodel to include raising the ceiling in the kitchen and dining room areas, retexturizing all ceilings in the condo and installing plank tile flooring in the dining, living and both bedrooms. The kitchen features solid wood cabinetry to the ceiling, granite countertops, stainless steel appliances and an enlarged pass through to the dining area. The final piece of the remodel includes a customized office nook with a built-in desk with overhead and adjoining storage cabinets. Meticulously cared for this light and bright condo with white/off white colors throughout provides a neutral pallet for all your furniture and decorating ideas. The spacious Primary Suite features sliders to the screened and glass enclosed lanai, a large walk-in closet, bathroom with dual sinks and a walk-in shower. A generous-sized guest bedroom with shower and bath is ideal for family or guests. With its open floor plan the focal point of this condo is the spacious living/dining room which flows into the east facing tiled screened lanai; a perfect place to enjoy the dawn of a new day or a shady respite in the afternoon. For your peace of mind, the A/C unit was replaced in May 2024 and the hot water heater in 2020. At Island Reef the vacation never ends with your choice of two heated pools, a remodeled clubhouse, fitness room, newly resurfaced lighted tennis and pickleball courts, barbeque patios with gas grills, deeded beach access, boat docks, fishing, a place to store your bike or kayaks and so much more. In true island fashion you can walk to the front entrance of the complex, hop aboard the free classic style Breeze Trolley and enjoy a fun and relaxing day venturing out to a wide variety of restaurants, bars, gourmet grocery stores and shops on the Siesta Key while your car is parked in the shade of your deeded carport space. If you’re looking for a seasonal refuge from our Northern winters, a full time residence or an investment with attractive rental possibilities you can’t go wrong at Island Reef.

Listing Agent

Stacy Liljeberg

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-349-3444 License #0629506 Listed on: 01/09/2025

MICHAEL SAUNDERS & COMPANY

Co-Listing Agent

George Kolar

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-349-3444 License #3341790

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,455

Year Built

  • Built in 1981

Lot Details

  • South Facing Home
  • Mature Landscaping
  • Irrigation Equipment
  • Street paved with bricks
  • Cleared Lot

HOA Fees

  • $1,000 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Pillar, Post or Pier Foundation
  • Built-Up Roof
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,303 Sq Ft Home
  • Open Floorplan
  • Built-In Features
  • Built-In Desk
  • Ceiling Fan
  • Window Treatments
  • Sliding Doors
  • Combination Dining and Living Room
  • Home Office
  • Tile Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Solid Wood Cabinet
  • Disposal

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
  • 1 Parking Garage Space
  • Ground Level Parking

Pool

  • Heated In Ground Pool
  • Gunite Pool
  • Outdoor Shower

Outdoor Features

  • Beach Access
  • Water access To Gulf or Ocean
  • Access To Intracoastal Waterway
  • Fishing Pier
  • Deeded access to the beach
  • No Fixed Bridges
  • Property is near a marina
  • First Come-First Served Dock
  • Dock has access to electricity and water
  • Dock made with wood
  • Courtyard
  • Enclosed patio or porch
  • Exterior Lighting
  • Outdoor Grill
  • Private Mailbox

Location

  • Flood Zone Lot

Schools

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

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • Underground Utilities
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, common area taxes, pool, escrow reserves fund, maintenance structure, ground maintenance, management, pest control, private road, recreational facilities, sewer, trash, water
  • Harbeck Hospitality Joy Association, Phone Number (941) 349-2844
  • Visit Association Website
  • Island Reef Community
  • Island Reef Ii Ph 1 2 & 3 Subdivision
  • The community has rules related to building or community restrictions, deed restrictions
  • 5-Story Property

Amenities

  • Clubhouse
  • Community Mailbox

Recreation

  • Fish Cleaning Station

Pet Policy

  • Pets up to 30 lbs
  • 1 Pet Allowed
  • Dogs and Cats Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,455

Year Built

Built in 1981

Lot Details

0

HOA Fees

$1,000 per month

Listing Details

  • HOA Fee Includes: Cable TV, Common Area Taxes, Pool, Escrow Reserves Fund, Maintenance Structure, Maintenance Grounds, Management, Pest Control, Private Road, Recreational Facilities, Sewer, Trash, Water
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Architectural Style: Contemporary
  • Construction Materials: Block, Concrete, Stucco
  • Fireplace: No
  • Living Area: 1303
  • New Construction: No
  • Year Built: 1981
  • Building Area Total: 1421
  • Directions to Property: Take US 41 South, turn right at Stickney Point Rd, cross bridge to Siesta Key and turn right at light onto Midnight Pass Rd. Go 2 1/2 miles and make left into Island Reef and right into parking lot. G Building is closest to Midnight Pass Rd.
  • Status: Active
  • Co List Office Mls Id: MFR281502395
  • Co List Office Phone: 941-349-3444
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow City: Sarasota
  • Escrow Postal Code: 34242
  • Escrow State: FL
  • Escrow Street Name: Ocean Boulevard
  • Escrow Street Number: 5100
  • Floor Number: 2
  • List Office Head Office Key Nume: 1046728
  • Minimum Lease: 1 Month
  • Number Of Pets: 1
  • RATIO Current Price By Calculate: 405.99
  • Unit Number YN: 0
  • Water Access YN: 1
  • Condo Fees Term: Quarterly
  • AG Exemption YN: 0
  • MFR_NumAssignedParkingSpaces: 1
  • MFR_InLawSuiteYN: 0
  • MFR_DockDescription: Dock - Slip 1st Come,Dock - Wood,Dock w/Electric,Dock w/Water Supply,Fish Cleaning Station
  • MFR_DockYN: 1
  • MFR_CommunityAssociationWaterFeatures: Bay/Harbor Front,Boat Slip,Fishing,Gulf/Ocean Front,Intracoastal Waterway,Water Access
  • Attribution Contact: 941-349-3444
  • Tax Year: 2023
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Tile
  • Full Bathrooms: 2
  • Interior Amenities: Built-in Features, Ceiling Fans(s), Elevator, Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Thermostat, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Pillar/Post/Pier
  • Total Bedrooms: 2
  • Levels: One
  • Other Equipment: Irrigation Equipment
  • Spa Yn: No
  • Stories: 5
  • Window Features: Window Treatments
  • Street Number Modifier: 8773
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 121.05
  • Room Count: 7

Exterior Features

  • Direction Faces: South
  • Pool Features: Gunite, Heated, In Ground
  • Exterior Features: Courtyard, Lighting, Outdoor Grill, Outdoor Shower, Private Mailbox, Sidewalk, Sliding Doors, Tennis Court(s)
  • Roof: Built-Up
  • Home Warranty: No
  • Pool Private: No
  • Water Body Name: GULF OF MEXICO
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Enclosed, Patio, Screened
  • Road Surface Type: Paved
  • Water Access: Beach,Beach - Access Deeded,Gulf/Ocean,Gulf/Ocean to Bay,Intracoastal Waterway
  • Water Extras: Bridges - No Fixed Bridges,Fishing Pier,Sailboat Water
  • Water Extras YN: 1
  • Water View YN: 0
  • Waterfront Feet Total: 800
  • Additional Water Information: Gulf of Mexico and Intercoastal Waterway
  • Water Frontage Feet Gulf Ocean: 800

Garage/Parking

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

Utilities

  • Utilities: BB/HS Internet Available, Electricity Connected, Public, Underground Utilities, Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Clubhouse, Community Mailbox, Deed Restrictions, Fitness Center, Pool, Special Community Restrictions, Tennis Court(s)
  • Association Name: Harbeck Hospitality--Joy
  • Phone: 941-349-2844
  • Association: Yes
  • Security: Smoke Detector(s)
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Pet Restrictions: Refer to Condo Docs.
  • Association Fee Requirement: None
  • Building Name Number: G/8773
  • Condo Fees: 3000
  • Condo Land Included YN: 0
  • Max Pet Weight: 30
  • Montly Maint Amt Addition To HOA: 0
  • Association Email: irinfo@hhrmgt
  • Monthly Condo Fee Amount: 1000
  • Pet Size: Small (16-35 Lbs.)
  • Association URL: www.hhmgt.com
  • Management: Full Time

Fee Information

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

Schools

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

Lot Info

  • Zoning: RMF1
  • Parcel Number: 0129081044
  • Additional Parcels: No
  • Lot Features: Cleared, FloodZone, In County, Landscaped, Level, Near Marina, Sidewalk, Street Brick
  • Property Attached Yn: Yes
  • Flood Zone Code: AE
  • Homestead YN: 1
  • Zoning Compatible YN: 1

Green Features

  • Green Verification Count: 0

Rental Info

  • Pets Allowed: Cats OK, Dogs OK, Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Refer to Condo docs

Tax Info

  • Tax Annual Amount: 3455.34
  • Tax Book Number: 11-34
  • Tax Lot: NA

Multi Family

  • Waterfront Features: Gulf/Ocean, Intracoastal Waterway
  • Approval Process: Refer to Condo docs

Map

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 $3,455 $305,047 -- --
2023 $3,455 $296,162 $0 $0
2022 $3,344 $287,536 $0 $0
2021 $3,333 $279,161 $0 $0
2020 $3,337 $275,307 $0 $0
2019 $3,219 $269,117 $0 $0
2018 $3,141 $264,099 $0 $0
2017 $3,123 $258,667 $0 $0
2016 $3,123 $307,000 $0 $307,000
2015 $3,178 $292,400 $0 $292,400
2014 $3,165 $245,900 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2025 05/20/25 For Sale $529,000 0.0% $406 / Sq Ft
05/16/2025 05/16/25 Off Market $529,000 -- --
04/24/2025 04/24/25 Price Changed $529,000 -2.4% $406 / Sq Ft
03/27/2025 03/27/25 Price Changed $542,000 -3.0% $416 / Sq Ft
03/12/2025 03/12/25 Price Changed $559,000 -2.8% $429 / Sq Ft
01/09/2025 01/09/25 For Sale $575,000 -- $441 / Sq Ft
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Desjarlais Law & Title
Warranty Deed $300,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $178,801 New Conventional
Previous Owner $200,000 No Value Available
Previous Owner $50,000 Credit Line Revolving
Source: Public Records

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Source: Stellar MLS

MLS Number: A4634761

Stellar MLS

APN: 0129-08-1044