NOT LISTED FOR SALE

Island Reef 8773 Midnight Pass Rd Unit 503G Sarasota, FL 34242

Estimated Value: $656,000 - $750,000

2 Beds
2 Baths
1,303 Sq Ft
$650/mo HOA Fee

Last Sold February 08, 2021

Last sale price $549,000 $421 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $5,032/month

18 Days on Market

Highlights

  • Boat Dock
  • Assigned Boat Slip
  • Property fronts an intracoastal waterway
  • Phillippi Shores Elementary School Rated A
  • Water access To Gulf or Ocean
  • Fitness Center

About This Home

As of February 2021

ABSOLUTELY STUNNING! You will be WOWED upon entering this COMPLETELY UPDATED & Well Appointed Furnished 2 Bedroom Island Reef Residence—located on the South Side of Siesta Key, noted for its Tranquility & Estate Homes. Island Reef is a Boutique Property with the Quiet Enjoyment of a Park-Like Setting and the Ease of a True Beach to Bay Lifestyle. Enjoy the Fragrance of Fresh Gulf Breezes and BOTH Sunrises & Sunsets with your Favorite Beverage while Relaxing on the Lanai--- this Well-Positioned Light-Filled Top Floor Unit Offers VIEWS to BOTH THE INTRACOASTAL & THE GULF! Meticulously Renovated with Continuity of Custom & Luxury Finishes Throughout: Crown Molding; Porcelanosa Tiles; Exotic Walnut Flooring; Grohe Fixtures, Gorgeous Granite Countertops with Full Slab Backsplashes; Kitchen & Bath Cabinetry & Artisan Lighting are Just the Beginning. Other Updates include: Plumbing; HVAC & Sound-Proofing Between All Walls. Ideal In-Unit Laundry & Storage. The Resort Amenities of Island Reef are the Perfect Accompaniment to this "Barefoot Elegant" Island Retreat: Beachside Pool; Deeded Beach Access; Fitness Center; Tennis & Pickleball Courts; Kayaking & Yes! available DEEP WATER BOAT SLIP, on the Intracoastal! Pet Friendly. Park & Go Location.--Walk to the Beach, take the Free Trolley to the Village & Enjoy live music and quick eats or take a short stroll to for Fine Dining of Top Rated Ophelias on the Bay.…Minutes to Arts, Dining & Shopping---The Perfect Year Round, Investment or Vacation Residence!

Last Agent to Sell the Property

Michael A Martino

KELLER WILLIAMS ON THE WATER S License #3276909 Listed on: 11/25/2020

KELLER WILLIAMS ON THE WATER S

Last Buyer's Agent

Sara Leicht

SARASELLSSARASOTA.COM License #3047662

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,807

Year Built

  • Built in 1981

Lot Details

  • South Facing Home

HOA Fees

  • $650 Monthly HOA Fees

Property Views

  • Woods
  • Garden

Home Design

  • Penthouse
  • Turnkey
  • Slab Foundation
  • Membrane Roofing
  • Concrete Siding
  • Stucco

Interior Spaces

  • 1,303 Sq Ft Home
  • 1-Story Property
  • Crown Molding
  • Ceiling Fan
  • Combination Dining and Living Room
  • Washer

Kitchen

  • Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Disposal
  • Reverse Osmosis System

Flooring

  • Engineered Wood
  • Porcelain Tile

Bedrooms and Bathrooms

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

Parking

  • 1 Carport Space
  • Assigned Parking

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa

Outdoor Features

  • Water access To Gulf or Ocean
  • Access To Intracoastal Waterway
  • Fishing Pier
  • First Come-First Served Dock
  • Dock has access to water
  • Assigned Boat Slip
  • Exterior Lighting
  • Outdoor Grill

Utilities

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

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, community pool, insurance, ground maintenance, manager, trash, water
  • Mid-Rise Condominium
  • Island Reef Community
  • Island Reef Ii Ph 1 2 & 3 Subdivision
  • On-Site Maintenance
  • The community has rules related to deed restrictions
  • Rental Restrictions

Recreation

  • Community Boat Slip
  • Recreation Facilities
  • Park

Pet Policy

  • Pets up to 35 lbs
  • Pet Size Limit
  • 1 Pet Allowed

Amenities

  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,807

Year Built

Built in 1981

Lot Details

0

HOA Fees

$650 per month

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Insurance, Maintenance Grounds, Manager, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Concrete, Stucco
  • Fireplace: No
  • Living Area: 1303
  • Lot Size Acres: 6.3
  • New Construction: No
  • Year Built: 1981
  • Lot Size Sq Ft: 274425
  • Directions to Property: stickney bridge to midnight pass ; turn left toward turtle beach--2 1/2 mile on left hand side turn left into Island Reef and then immediate right to 8773 building
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4484702?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4484702?w=Customer
  • Floor Number: 5
  • Homestead Y N: No
  • Number Of Pets: 1
  • Unit Number Y N: No
  • Property Description: Mid Rise, Penthouse
  • Ratio: Close Price\List Price: 1
  • Price per Sq Ft: 421.34
  • Close to Original List Price Ratio: 1
  • View: Yes
  • Ownership: Condominium
  • Tax Year: 2019
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Engineered Hardwood, Porcelain Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Crown Molding, Elevator, Living Room/Dining Room Combo, Stone Counters, Walk-In Closet(s)
  • Appliances Included: Dishwasher, Disposal, Electric Water Heater, Exhaust Fan, Kitchen Reverse Osmosis System, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: Three Or More
  • Spa Features: Heated, In Ground
  • Stories: 1
  • Street Number Modifier: 8773
  • Room Count: 7
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: South
  • Pool Features: Heated, In Ground
  • Exterior Features: Lighting, Outdoor Grill, Sidewalk, Tennis Court(s)
  • Roof: Membrane
  • Pool Private: No
  • View: Garden, Pool, Trees/Woods, Water
  • Water Body Name: Intracoastal
  • Waterfront: Yes
  • Water View: Bay/Harbor - Partial, Gulf/Ocean - Partial
  • Water Access: Gulf/Ocean, Gulf/Ocean to Bay, Intracoastal Waterway
  • Water Extras: Assigned Boat Slip, Dock - Slip 1st Come, Dock w/Electric, Dock w/Water Supply, Fishing Pier
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Waterfront Frontage: 2
  • Water Frontage Feet I C W: 1
  • Additional Water Information: docks available; can have lift; refer to HOA docs for reasonable annual fee
  • Water Frontage Feet Beach Prvt: 1
  • Disclosures: Condominium Disclosure Available, HOA/PUD/Condo Disclosure

Garage/Parking

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

Utilities

  • Utilities: Cable Connected, Electricity Connected, Public
  • Cooling: Central Air
  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Fitness, Park, Pool, Sidewalk, Tennis Courts, Water Access, Waterfront
  • Association Amenities: Boat Slip, Boat Dock, Fitness Center, Maintenance, Pool, Recreation Facilities, Tennis Court(s)
  • Association: Yes
  • Senior Community: No
  • Condo Fees: 1950
  • Condo Fees Term: Quarterly
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 650
  • Association Fee Requirement: None
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 7800
  • Total Monthly Fees: 650

Lot Info

  • Zoning: RMF1
  • Parcel Number: 0129081060
  • Additional Parcels: No
  • Flood Zone Code: AE
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Turnkey
  • Pets Allowed: Size Limit, Yes
  • Pet Size: Small (16-35 Lbs.)
  • Max Pet Weight: 35
  • Minimum Lease: 1 Month
  • Approval Process: refer to HOA docs
  • Num Timesper Year: 12
  • Pet Restrictions: refer to HOA docs
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: refer to HOA docs

Tax Info

  • Tax Annual Amount: 4807.46
  • Tax Book Number: 11-34
  • Tax Lot: 503

Multi Family

  • Waterfront Features: Intracoastal Waterway

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 25, 2020
Closed on
Feb 8, 2021
Sold by
Handjinicolaou Judith B and Handjinicolaou Judith B
Bought by
Albini Gordon and Albini Heather
Seller's Agent
Michael A Martino
KELLER WILLIAMS ON THE WATER S
Buyer's Agent
Sara Leicht
SARASELLSSARASOTA.COM
List Price
$549,000
Sold Price
$549,000
Current Estimated Value
$694,086

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,086
Avg. Annual Appreciation
5.89%

Purchase Details

Closed on
Oct 7, 2008
Sold by
Spinale John T and Spinale Linda B
Bought by
Handjinicolaou Judith B
Source: Public Records

Range of Values:

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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
Albini Gordon $549,000 None Available
Handjinicolaou Judith B $350,000 Attorney
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/08/2021 02/08/21 Sold $549,000 0.0% $421 / Sq Ft
12/12/2020 12/12/20 Pending -- -- --
11/25/2020 11/25/20 For Sale $549,000 0.0% $421 / Sq Ft
11/25/2020 11/25/20 Off Market $549,000 -- --
11/24/2020 11/24/20 For Sale $549,000 -- $421 / 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 $6,590 $522,900 -- $522,900
2023 $7,640 $624,000 $0 $624,000
2022 $6,910 $550,100 $0 $550,100
2021 $5,167 $393,800 $0 $393,800
2020 $4,742 $346,800 $0 $346,800
2019 $4,807 $355,800 $0 $355,800
2018 $4,605 $340,600 $0 $340,600
2017 $4,680 $340,600 $0 $340,600
2016 $4,778 $340,600 $0 $340,600
2015 $4,683 $324,400 $0 $324,400
2014 $4,569 $272,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael A Martino

    Seller's Agent in 2021

    Michael A Martino

    KELLER WILLIAMS ON THE WATER S

    (941) 330-5520

    24 in this area

    100 Total Sales

    Section Image
  • Sara Leicht

    Buyer's Agent in 2021

    Sara Leicht

    SARASELLSSARASOTA.COM

    (941) 586-4790

    8 in this area

    92 Total Sales

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About Island Reef

Map

Source: Stellar MLS

MLS Number: A4484702

Stellar MLS

APN: 0129-08-1060

Florida Sarasota County Sarasota 34242

8773 Midnight Pass Rd Unit 503G, Sarasota, FL

This home is located at 8773 Midnight Pass Rd Unit 503G, Sarasota, FL 34242 since 25 November 2020 and is currently estimated at $696,079, approximately $534 per square foot. This property was built in 1981. 8773 Midnight Pass Rd Unit 503G 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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