Seller's Agent in 2023
Matthew Ritter
THE RITTER GROUP
(941) 961-4046
2 in this area
123 Total Sales
8776 Midnight Pass Rd Unit 403C Sarasota, FL 34242
Estimated Value: $649,464 - $700,000
2
Beds
2
Baths
1,338
Sq Ft
$833/mo
HOA Fee
Highlights
- Beach Front
- Boat Dock
- Fitness Center
- Phillippi Shores Elementary School Rated A
- Water access To Gulf or Ocean
- Heated In Ground Pool
About This Home
As of July 2023Under contract-accepting backup offers. Welcome to Island Reef – a tropical paradise on Turtle Beach. Once you experience the quiet side of Siesta Key, you may never want to leave.
This turnkey furnished 4th-floor unit will begin to excite you as you step off the elevator and see the spectacular turquoise waters of the Gulf of Mexico. This spacious 1,338 square-foot condo is fully equipped with quality furnishings, so it is ready for you to enjoy the beach lifestyle on day one. The kitchen features granite countertops, tile backsplash, under-cabinet lighting, a large breakfast bar open to the dining area, an in-unit washer & dryer, and plenty of storage. A dinette area off the kitchen would make a wonderful workspace or cozy reading nook. The open living and dining areas are perfect for family and friends to gather after enjoying a day at the beach. Relax in the heated & massaging recliners and enjoy a glass of wine from the custom built-in bar with wine refrigerator. The new hurricane impact windows installed on the lanai allow for extra year-round living space to enjoy views of the tropical grounds, pool, and Gulf of Mexico. A spacious and well-appointed primary bedroom suite provides a restful retreat with sliding glass doors to the lanai, a large walk-in closet, and an en-suite bath with dual vanities. The guest bedroom has two reach-in closets for extra storage, and the adjacent guest bath has a bathtub to soak in. Storage in this condo is abundant with a large walk-in closet near the front door to store all your household goods and beach toys. Important mechanical updates have been completed recently including a new air conditioning system and water heater in 2019 and a new microwave in 2021. Island Reef has recently completed the new Milestone (structural) Inspection and passed with flying colors.
Island Reef is situated on the quiet southern tip of Siesta Key yet conveniently located within easy walking distance to several restaurants, parks, outfitters, a marina, and just a short ride north to world-class Siesta Key Beach and all the shopping, dining, and entertainment Siesta Key Village has to offer. Island Reef is one of the premier resort communities on Siesta Key with almost every amenity possible including multiple pools, pickleball courts, tennis courts, shuffleboard courts, fitness centers, saunas, billiards, foosball, fishing pier, kayak launch & storage, dock slips available (boat lifts allowed), and a clubhouse with full kitchen. This unit is already leased from mid-December through March 2024 so virtually all your first year’s expenses are already covered!
Enjoy the best of everything that Siesta Key has to offer - pet-friendly neighborhood, assigned covered parking, one-month minimum rentals allowed, an on-site management office, and one of the most comprehensive suite of amenities available on Siesta Key!
Last Agent to Sell the Property
THE RITTER GROUP License #3227782 Listed on: 06/24/2023
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $7,260
Year Built
- Built in 1975
Lot Details
- Beach Front
- Property fronts gulf or ocean
- Property Fronts a Bay or Harbor
- South Facing Home
- Mature Landscaping
- Irrigation
- Street paved with bricks
- Landscaped with Trees
HOA Fees
- $833 Monthly HOA Fees
Property Views
- Beach
- Partial Bay or Harbor
- Pool
Home Design
- Contemporary Architecture
- Florida Architecture
- Entry on the 4th floor
- Turnkey
- Slab Foundation
- Membrane Roofing
- Concrete Siding
- Stucco
Interior Spaces
- 1,338 Sq Ft Home
- Chair Railings
- Crown Molding
- Ceiling Fan
- Window Treatments
- Combination Dining and Living Room
- Sun or Florida Room
- Storage Room
- Inside Utility
Kitchen
- Eat-In Kitchen
- Dinette
- Range
- Microwave
- Dishwasher
- Wine Refrigerator
- Stone Countertops
- Disposal
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- Split Bedroom Floorplan
- 2 Full Bathrooms
Laundry
- Laundry closet
- Dryer
- Washer
Home Security
Parking
- 1 Carport Space
- Ground Level Parking
- Guest Parking
- Reserved Parking
- Assigned Parking
Pool
- Heated In Ground Pool
- Gunite Pool
Outdoor Features
- Water access To Gulf or Ocean
- Access To Lagoon or Estuary
- Fishing Pier
- Deeded access to the beach
- No Fixed Bridges
- First Come-First Served Dock
- Dock has access to water
- Balcony
- Enclosed Patio or Porch
- Exterior Lighting
Schools
- Phillippi Shores Elementary School
- Brookside Middle School
- Sarasota High School
Utilities
- Central Heating and Cooling System
- Thermostat
- Underground Utilities
- Electric Water Heater
- Cable TV Available
Listing and Financial Details
- Visit Down Payment Resource Website
- Tax Lot 403C
- Assessor Parcel Number 0129071070
Community Details
Overview
- Association fees include cable TV, common area taxes, pool, escrow reserves fund, insurance, internet, maintenance structure, ground maintenance, management, pest control, private road, recreational facilities, sewer, trash, water
- Sandy St. Clair Association, Phone Number (941) 349-2844
- Visit Association Website
- Mid-Rise Condominium
- Island Reef Condos
- Island Reef Community
- Island Reef I Subdivision
- On-Site Maintenance
- Association Owns Recreation Facilities
- The community has rules related to deed restrictions
- 5-Story Property
Amenities
- Sauna
- Clubhouse
- Elevator
- Community Mailbox
- Community Storage Space
Recreation
- Boat Dock
- Community Boat Slip
- Tennis Courts
- Pickleball Courts
- Recreation Facilities
- Shuffleboard Court
- Fitness Center
- Community Pool
- Fishing
Pet Policy
- Pets up to 30 lbs
- 1 Pet Allowed
Security
- Security Service
- Card or Code Access
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 24, 2023
Closed on
Jul 27, 2023
Sold by
Pederson Family Trust
Bought by
Lynn D Dugan Trust and Dugan
Seller's Agent
Matthew Ritter
THE RITTER GROUP
List Price
$750,000
Sold Price
$740,000
Premium/Discount to List
-$10,000
-1.33%
Views
43
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$66,884
Avg. Annual Appreciation
-4.20%
Purchase Details
Listed on
Apr 24, 2019
Closed on
Jun 10, 2019
Sold by
Day Philip R and Day Janice M
Bought by
The Pederson Family Trust
Seller's Agent
Marcia McLaughlin
RE/MAX ALLIANCE GROUP
Buyer's Agent
Matthew Ritter
THE RITTER GROUP
List Price
$574,800
Sold Price
$550,000
Premium/Discount to List
-$24,800
-4.31%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.45%
Purchase Details
Closed on
Aug 28, 2003
Sold by
Zaleski Andrew C
Bought by
Day Philip R and Day Janice M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,000
Interest Rate
5.72%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lynn D Dugan Trust | $740,000 | None Listed On Document | |
| The Pederson Family Trust | $550,000 | Attorney | |
| Day Philip R | $445,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Day Philip R | $356,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/27/2023 07/27/23 | Sold | $740,000 | -1.3% | $553 / Sq Ft | |
| 06/27/2023 06/27/23 | Pending | -- | -- | -- | |
| 06/24/2023 06/24/23 | For Sale | $750,000 | +36.4% | $561 / Sq Ft | |
| 06/10/2019 06/10/19 | Sold | $550,000 | -4.3% | $411 / Sq Ft | View Prior Sale |
| 05/14/2019 05/14/19 | Pending | -- | -- | -- | |
| 04/24/2019 04/24/19 | For Sale | $574,800 | -- | $430 / Sq Ft |
Source: Stellar MLS
Tax History Compared to Growth
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 | $8,155 | $567,500 | -- | $567,500 |
| 2023 | $8,155 | $653,400 | $0 | $653,400 |
| 2022 | $7,260 | $565,800 | $0 | $565,800 |
| 2021 | $6,371 | $432,600 | $0 | $432,600 |
| 2020 | $6,157 | $407,000 | $0 | $407,000 |
| 2019 | $6,036 | $401,200 | $0 | $401,200 |
| 2018 | $5,766 | $380,400 | $0 | $380,400 |
| 2017 | $5,850 | $380,400 | $0 | $380,400 |
| 2016 | $5,280 | $380,400 | $0 | $380,400 |
| 2015 | $5,166 | $362,300 | $0 | $362,300 |
| 2014 | $5,504 | $298,300 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Matthew Ritter
-
Jessica Ritter
Seller Co-Listing Agent in 2023
Jessica Ritter
THE RITTER GROUP
(941) 993-4076
1 in this area
58 Total Sales
-
Marcia McLaughlin
Seller's Agent in 2019
Marcia McLaughlin
RE/MAX
(941) 726-1536
1 in this area
101 Total Sales
-
Dick McLaughlin
Seller Co-Listing Agent in 2019
Dick McLaughlin
RE/MAX
42 Total Sales
Map
Source: Stellar MLS
MLS Number: N6127302
APN: 0129-07-1070
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.
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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