NOT LISTED FOR SALE

Island Reef 8773 Midnight Pass Rd Unit 501G Sarasota, FL 34242

Estimated Value: $653,681 - $695,000

2 Beds
2 Baths
1,485 Sq Ft
$633/mo HOA Fee

Last Sold September 22, 2017

Last sale price $472,000 $318 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $4,910/month

134 Days on Market

Highlights

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

About This Home

As of September 2017

Fully furnished updated Siesta Key Condo under $500,000! Gulf and Bay views from this top floor condo offers a full luxury package. ISLAND REEF, situated on the southern end of the Key offers a unique Beach-to-Bay lifestyle, rich in amenities yet plenty of space to call your own. Stunning sunset views over the Gulf and action views of Sarasota Bay are enjoyed from this bright end unit. Substantial remodeling includes impact glass windows on the lanai providing added living space and long-term value/energy efficiency. The kitchen features quality wood cabinetry, full extension soft close; top-of-the line appliances, a selection of timeless granite in kitchen and baths. Master bath includes furniture-grade double vanity with under mount sinks and both updated baths have newly tiled, ample walk-in showers. Sumptuous newer carpet in bedrooms and tile in the main living areas. Both bedrooms fit king-size beds comfortably. Smart efficient use of space, a new full-size stackable laundry setup and a custom pantry provides generous storage. Additional upgrades include a/c, hot water heater, paddle fans and lighting fixtures. Enjoy the pristine sandy beach and 2 heated pools. Boat slips available for lease, kayak storage and lush tropical grounds along the Bay. Lighted tennis courts, pickle ball, fitness room, a well-stocked library plus an on-sight management offers an ideal package. Minutes to Turtle Beach and restaurants.

Last Agent to Sell the Property

Bernadette Caswell

MICHAEL SAUNDERS & COMPANY License #3060210 Listed on: 04/01/2017

MICHAEL SAUNDERS & COMPANY

Last Buyer's Agent

Krista Adams

WHITE SANDS REALTY GROUP FL License #3241707

WHITE SANDS REALTY GROUP FL

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,644

Year Built

  • Built in 1981

Lot Details

  • Private Beach
  • Public Beach
  • West Facing Home
  • Mature Landscaping
  • Landscaped with Trees

HOA Fees

  • $633 Monthly HOA Fees

Property Views

Home Design

  • Slab Foundation
  • Built-Up Roof
  • Block Exterior

Interior Spaces

  • 1,485 Sq Ft Home
  • Open Floorplan
  • Furnished
  • Crown Molding
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Entrance Foyer
  • Combination Dining and Living Room
  • Storage Room
  • Inside Utility
  • Sauna

Kitchen

  • Eat-In Kitchen
  • Range with Range Hood
  • Recirculated Exhaust Fan
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

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
  • Assigned Parking

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
  • Deck
  • Patio
  • Outdoor Grill
  • Porch

Schools

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

Utilities

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

Additional Features

  • Reclaimed Water Irrigation System
  • Flood Zone Lot

Listing and Financial Details

  • Assessor Parcel Number 0129081058

Community Details

Overview

  • Association fees include cable TV, escrow reserves fund, fidelity bond, insurance, internet, maintenance structure, ground maintenance, management, pest control, recreational facilities, sewer, trash, water
  • Island Reef Homeowners Assoc. Association
  • Island Reef Community
  • Island Reef Ii Ph 1 2 And 3 Subdivision
  • 5-Story Property

Amenities

  • Laundry Facilities
  • Elevator

Recreation

  • Community Boat Slip
  • Recreation Facilities
  • Fishing

Pet Policy

  • Pets up to 30 lbs
  • 1 Pet Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,644

Year Built

Built in 1981

Lot Details

0

HOA Fees

$633 per month

Listing Details

  • HOA Fee Includes: Cable TV, Escrow Reserves Fund, Fidelity Bond, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Management, Pest Control, Recreational Facilities, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1485
  • New Construction: No
  • Year Built: 1981
  • Building Area Total: 1421
  • Directions to Property: West on Stickney Point Road to Siesta Key. Go South on Midnight Pass to Island Reef. Unit is on the Bay Side. Building is on the right.
  • Status: Sold
  • Ownership: Condominium
  • ResoBuildingAreaSource: Owner
  • Available for Lease YN: 1
  • Floor Number: 5
  • List Office Head Office Key Nume: 1046728
  • Minimum Lease: 1 Month
  • Number Of Pets: 1
  • RATIO Current Price By Calculate: 317.85
  • Total Acreage: Non-Applicable
  • Water Access YN: 1
  • Condo Fees Term: Quarterly
  • Planned Unit Development Yn: 0
  • Property Description: End Unit,Corner Unit,Mid Rise,Penthouse
  • 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), Crown Molding, Eat-in Kitchen, Elevator, Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Stone Counters, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave Hood, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 5
  • Window Features: Blinds, Window Treatments
  • Street Number Modifier: 8773
  • ResoLivingAreaSource: Owner
  • Additional Rooms: Foyer,Inside Utility,Storage Rooms
  • Room Count: 7

Exterior Features

  • Direction Faces: West
  • Pool Features: Heated, In Ground
  • Exterior Features: Sliding Doors, Irrigation System, Outdoor Grill, Outdoor Shower, Sauna
  • Roof: Built-Up
  • Home Warranty: No
  • Pool Private: No
  • View: Pool, Tennis Court, Water
  • Water Body Name: GULF OF MEXICO
  • Waterfront: Yes
  • Patio and Porch Features: Deck, Patio, Porch
  • 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 w/Electric,Fishing Pier,Sailboat Water
  • Water Extras YN: 1
  • Water View: Gulf/Ocean - Partial,Intracoastal Waterway,Bay/Harbor - Partial
  • Water View YN: 1
  • Waterfront Feet Total: 200
  • Water Frontage Feet ICW: 200

Garage/Parking

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

Utilities

  • Utilities: Cable Connected, Electricity Connected, Public, Sprinkler Recycled
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Fishing, Fitness Center, Pool, Tennis Courts, Water Access, Waterfront Complex
  • Association Amenities: Boat Slip, Dock, Elevator(s), Fitness Center, Laundry, Recreation Facilities, Tennis Court(s)
  • Association Name: ISLAND REEF HOMEOWNERS ASSOC.
  • Association: No
  • Security: Smoke Detector(s)
  • Senior Community: No
  • Association Approval Required YN: 0
  • Pet Restrictions: 1 small pet
  • Association Fee Requirement: None
  • Building Name Number: ISLAND REEF
  • Condo Fees: 1900
  • Condo Land Included YN: 0
  • Max Pet Weight: 30
  • Montly Maint Amt Addition To HOA: 0
  • 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: 0129081058
  • Additional Parcels: No
  • Lot Features: FloodZone, In County
  • Flood Zone Code: AE
  • Homestead YN: 0
  • Future Land Use: 0404

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Yes
  • Lease Restrictions YN: 0

Tax Info

  • Tax Annual Amount: 4644
  • Tax Book Number: 0011/0034
  • Tax Lot: 0

Multi Family

  • Waterfront Features: Intracoastal Waterway

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2017
Closed on
Sep 15, 2017
Sold by
Mcqueary Sean M and Mcqueary Kimberly A
Bought by
Humphery Todd J
Seller's Agent
Bernadette Caswell
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Krista Adams
WHITE SANDS REALTY GROUP FL
List Price
$539,000
Sold Price
$472,000
Premium/Discount to List
-$67,000
-12.43%
Current Estimated Value
$680,670

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$208,670
Avg. Annual Appreciation
5.09%
Original Mortgage
$320,000
Outstanding Balance
$226,749
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$471,449

Purchase Details

Listed on
May 11, 2012
Closed on
Jun 15, 2012
Sold by
Real Properties Llc
Bought by
Mcqueary Sean M and Mcqueary Kimberly A
Seller's Agent
Marlene Marshall
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Bernadette Caswell
MICHAEL SAUNDERS & COMPANY
List Price
$415,000
Sold Price
$415,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.48%

Purchase Details

Closed on
Dec 21, 2007
Sold by
Harris Na
Bought by
Real Properties Llc
Source: Public Records

Range of Values:

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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
Humphery Todd J $472,000 First Intl Title Inc
Mcqueary Sean M $415,000 Attorney
Real Properties Llc $350,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Humphery Todd J $320,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2018 08/17/18 Off Market $472,000 -- --
09/22/2017 09/22/17 Sold $472,000 -12.4% $318 / Sq Ft
08/14/2017 08/14/17 Pending -- -- --
04/01/2017 04/01/17 For Sale $539,000 +29.9% $363 / Sq Ft
06/20/2012 06/20/12 Sold $415,000 0.0% $279 / Sq Ft
05/29/2012 05/29/12 Pending -- -- --
05/11/2012 05/11/12 For Sale $415,000 -- $279 / 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 $6,216 $484,900 -- $484,900
2023 $6,216 $529,111 $0 $0
2022 $6,054 $513,700 $0 $513,700
2021 $4,882 $364,900 $0 $364,900
2020 $4,758 $348,100 $0 $348,100
2019 $4,841 $358,500 $0 $358,500
2018 $4,662 $345,200 $0 $345,200
2017 $4,739 $345,200 $0 $345,200
2016 $4,838 $345,200 $0 $345,200
2015 $4,742 $328,800 $0 $328,800
2014 $4,626 $276,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bernadette Caswell

    Seller's Agent in 2017

    Bernadette Caswell

    Michael Saunders

    (941) 320-8265

    2 in this area

    102 Total Sales

    Section Image
  • Krista Adams

    Buyer's Agent in 2017

    Krista Adams

    WHITE SANDS REALTY GROUP FL

    (863) 860-5659

    2 Total Sales

    Section Image
  • Marlene Marshall

    Seller's Agent in 2012

    Marlene Marshall

    Michael Saunders

    (941) 539-8850

    41 in this area

    48 Total Sales

    Section Image
  • Tony Boothby

    Buyer Co-Listing Agent in 2012

    Tony Boothby

    Michael Saunders

    (941) 799-1948

    44 Total Sales

    Section Image
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About Island Reef

Map

Source: Stellar MLS

MLS Number: A4182549

Stellar MLS

APN: 0129-08-1058

Florida Sarasota County Sarasota 34242

8773 Midnight Pass Rd Unit 501G, Sarasota, FL

This home is located at 8773 Midnight Pass Rd Unit 501G, Sarasota, FL 34242 since 01 April 2017 and is currently estimated at $680,670, approximately $458 per square foot. This property was built in 1981. 8773 Midnight Pass Rd Unit 501G 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

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