NOT LISTED FOR SALE

8776 Midnight Pass Rd Unit 405C Sarasota, FL 34242

Estimated Value: $565,000 - $700,000

2 Beds
2 Baths
1,338 Sq Ft
$650/mo HOA Fee

Last Sold June 29, 2020

Last sale price $575,000 $430 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $4,789/month

88 Days on Market

Highlights

  • 400 Feet of Waterfront
  • Boat Dock
  • Water access To Gulf or Ocean
  • Phillippi Shores Elementary School Rated A
  • Beach View
  • Private Beach

About This Home

As of June 2020

Experience the quintessential Florida resort-like lifestyle at Island Reef, a beautifully situated Gulf-to-bay community. Boasting an upscale remodel, this residence offers classic coastal charm with furnishings included. The open floorplan grants a generous view through expansive sliders and windows, and outdoor living experience on the glassed lanai for dining alfresco and listening to the sounds of waves. Graciously updated, the kitchen makes an impact with bold granite countertops, custom cabinetry, eat-at bar, and an adjacent built-in desk for an office area. Adding to the aesthetics, 18” tile on the diagonal, plantation shutters and impact windows are found throughout, and the designer bathrooms are spa-worthy. There is also a laundry room, an assigned carport, and guest parking. Life is a vacation at Island Reef, where you have convenient access to the beach and boat docks, two heated pools, saunas, two lighted tennis courts, pickleball, billiards, two car wash areas, two fitness rooms, a clubhouse, a Gulf-side social room, grilling patios with gas grills, bike storage, kayak racks, and a fishing pier. Island Reef is a pet-friendly hidden gem on Siesta Key with an active social calendar, onsite management, proximity to renowned restaurants, and short trolley ride to Siesta Village.
HOME IS NOT OCCUPIED AND CAN BE VIEWED.

Last Agent to Sell the Property

Marlene Marshall

MICHAEL SAUNDERS & COMPANY License #3113521 Listed on: 02/27/2020

MICHAEL SAUNDERS & COMPANY

Co-Listed By

George Marshall

MICHAEL SAUNDERS & COMPANY License #3033598

Last Buyer's Agent

Don Russell

License #3302376

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,546

Year Built

  • Built in 1975 | Newly Remodeled

Lot Details

  • 400 Feet of Waterfront
  • Property fronts gulf or ocean
  • Private Beach
  • Public Beach
  • Southwest Facing Home
  • Mature Landscaping
  • Well Sprinkler System
  • Street paved with bricks

HOA Fees

  • $650 Monthly HOA Fees

Property Views

  • Beach
  • Full Gulf or Ocean
  • Garden
  • Pool

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Stucco

Interior Spaces

  • 1,338 Sq Ft Home
  • Open Floorplan
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Sliding Doors
  • Combination Dining and Living Room
  • Storage Room
  • Inside Utility
  • Sauna
  • Tile Flooring

Kitchen

  • Range
  • Microwave
  • Stone Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Parking

  • 1 Carport Space
  • Guest Parking
  • Assigned Parking

Pool

Outdoor Features

  • Water access To Gulf or Ocean
  • Access To Intracoastal Waterway
  • Fishing Pier
  • Deeded access to the beach
  • First Come-First Served Dock
  • Dock has access to water
  • Enclosed Patio or Porch
  • Exterior Lighting
  • Outdoor Grill

Location

  • Flood Zone Lot
  • Flood Insurance May Be Required

Schools

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

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • Electric Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, common area taxes, community pool, escrow reserves fund, internet, maintenance structure, ground maintenance, manager, pest control, pool maintenance, recreational facilities, sewer, trash, water
  • Island Reef Owners' Association, Phone Number (941) 349-3844
  • Mid-Rise Condominium
  • Island Reef Community
  • Island Reef I Subdivision
  • On-Site Maintenance
  • The community has rules related to deed restrictions
  • Rental Restrictions
  • 5-Story Property

Amenities

  • Sauna
  • Clubhouse
  • Laundry Facilities
  • Elevator

Recreation

  • Boat Dock
  • Community Boat Slip
  • Tennis Courts
  • Recreation Facilities
  • Shuffleboard Court
  • Fitness Center
  • Community Pool
  • Fishing

Pet Policy

  • Pets up to 30 lbs
  • Pet Size Limit
  • 1 Pet Allowed

Security

  • Card or Code Access
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,546

Year Built

Built in 1975 | Newly Remodeled

Lot Details

0

HOA Fees

$650 per month

Listing Details

  • HOA Fee Includes: Cable TV, Common Area Taxes, Community Pool, Escrow Reserves Fund, Internet, Maintenance Structure, Maintenance Grounds, Manager, Pest Control, Pool Maintenance, Recreational Facilities, Sewer, Trash, Water
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Architectural Style: Traditional
  • Construction Materials: Stucco
  • Fireplace: No
  • Living Area: 1338
  • Lot Size Acres: 3.5
  • New Construction: Yes
  • Year Built: 1975
  • Building Area Total: 1448
  • Lot Size Sq Ft: 152468
  • Directions to Property: 2 1/2 miles South of Stickney Pointe on Midnight Pass, turn right into Island Reef (building is the south building 8776.)
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4461326?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4461326?w=Customer
  • Floor Number: 4
  • Homestead Y N: No
  • Number Of Pets: 1
  • Unit Number Y N: No
  • Property Description: Mid Rise
  • Call Center Phone Number: 941-308-7777
  • Ratio: Close Price\List Price: 0.95833
  • Price per Sq Ft: 429.75
  • Close to Original List Price Ratio: 0.95833
  • Ratio: Current Price\Building Area Total: 397.1
  • View: Yes
  • Co List Office Mls Id: 281502395
  • Co List Office Phone: 941-349-3444
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2019
  • Special Features: 4098

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Elevator, Living Room/Dining Room Combo, Master Bedroom Main Floor, Open Floorplan, Sauna, Solid Surface Counters, Split Bedroom, Stone Counters, Thermostat, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 5
  • Window Features: Window Treatments
  • Street Number Modifier: 8776
  • Room Count: 5
  • Additional Rooms: Inside Utility, Storage Rooms
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: Southwest
  • Other Structures: Tennis Court(s)
  • Pool Features: Auto Cleaner, Heated, Lighting, Outside Bath Access
  • Exterior Features: Irrigation System, Lighting, Outdoor Grill, Outdoor Shower, Sauna, Sidewalk, Sliding Doors, Tennis Court(s)
  • Roof: Other
  • Pool Private: No
  • View: Garden, Pool
  • Water Body Name: Gulf Of Mexico
  • Waterfront: Yes
  • Patio and Porch Features: Enclosed, Screened
  • Road Surface Type: Street Brick, Paved
  • Water View: Beach, Gulf/Ocean - Full
  • 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, Dock w/Water Supply, Fishing Pier
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Waterfront Frontage: 400
  • Water Frontage Feet Beach Prvt: 200
  • Water Frontage Feet Gulf Ocean: 200
  • Disclosures: Condominium Disclosure Available, Lead Paint

Garage/Parking

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

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Phone Available, Sewer Available, Sewer Connected, Sprinkler Meter, Sprinkler Well, Water Available
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Deed Restrictions, Fishing, Fitness, Pool, Tennis Courts, Water Access, Waterfront
  • Association Amenities: Boat Slip, Cable TV, Clubhouse, Boat Dock, Elevator(s), Fitness Center, Laundry, Lobby Key Required, Maintenance, Pool, Recreation Facilities, Sauna, Shuffleboard Court, Tennis Court(s)
  • Association Name: Island Reef Owners' Association
  • Phone: 941-349-3844
  • Association: Yes
  • Security: Smoke Detector(s)
  • Senior Community: No
  • Condo Fees: 1950
  • Condo Fees Term: Quarterly
  • Association Email: mgr@islandreef.net
  • 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

Schools

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

Lot Info

  • Zoning: RMF1
  • Parcel Number: 0129071072
  • Additional Parcels: No
  • Lot Features: Flood Insurance Required, FloodZone, Level
  • Flood Zone Code: AE
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Number Limit, Size Limit, Yes
  • Pet Size: Small (16-35 Lbs.)
  • Max Pet Weight: 30
  • Minimum Lease: 1 Month
  • Approval Process: Ask Association
  • Num Timesper Year: 8
  • Pet Restrictions: One small dog or cat 30 lbs.
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: See additional docs

Tax Info

  • Tax Annual Amount: 6545.73
  • Tax Book Number: 9-1
  • Tax Lot: 405

Multi Family

  • Waterfront Features: Beach - Private, Gulf/Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2020
Closed on
Jun 23, 2020
Sold by
Gagliardi Joseph A and Gagliardi Joseph A
Bought by
Jacobson Beverly J and Beverly J Jacobson Trust
Seller's Agent
Marlene Marshall
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Don Russell
List Price
$600,000
Sold Price
$575,000
Premium/Discount to List
-$25,000
-4.17%
Current Estimated Value
$647,717

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,717
Avg. Annual Appreciation
2.29%

Purchase Details

Closed on
Dec 7, 2012
Sold by
Gagliardi Joseph A
Bought by
Gagliardi Joseph A and The Joseph A Gagliardi Revocable Trust

Purchase Details

Closed on
Nov 28, 2012
Sold by
Short Beach Associates Llc and Gagliardi Joseph A
Bought by
Gagliardi Joseph A

Purchase Details

Closed on
Aug 15, 2008
Sold by
Gagliardi Joseph A
Bought by
Short Beach Associates Llc

Purchase Details

Closed on
Jul 23, 2007
Sold by
Koenig Anne K
Bought by
Gagliardi Joseph A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 27, 2005
Sold by
Hobbs Elizabeth M
Bought by
Koenig Joseph A and Koenig Anne K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Jacobson Beverly J $575,000 Attorney
Gagliardi Joseph A -- Attorney
Gagliardi Joseph A -- Attorney
Short Beach Associates Llc -- Attorney
Gagliardi Joseph A $550,000 Executive Title Ins Svcs Inc
Koenig Joseph A $445,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gagliardi Joseph A $390,000
Previous Owner Gagliardi Joseph A $440,000
Previous Owner Koenig Joseph A $360,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/29/2020 06/29/20 Sold $575,000 -4.2% $430 / Sq Ft
05/25/2020 05/25/20 Pending -- -- --
02/27/2020 02/27/20 For Sale $600,000 -- $448 / 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 $8,292 $563,600 -- $563,600
2023 $8,292 $666,600 $0 $666,600
2022 $7,664 $604,500 $0 $604,500
2021 $6,700 $459,700 $0 $459,700
2020 $6,525 $436,600 $0 $436,600
2019 $6,546 $461,100 $0 $461,100
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 $5,173 $362,300 $0 $362,300
2014 $5,504 $298,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Marlene Marshall

    Seller's Agent in 2020

    Marlene Marshall

    Michael Saunders

    (941) 539-8850

    38 in this area

    45 Total Sales

    Marlene Marshall
    Section Image

  • G

    Seller Co-Listing Agent in 2020

    George Marshall

    Michael Saunders

    (941) 961-3221

    29 in this area

    30 Total Sales

    George Marshall
    Section Image

  • D

    Buyer's Agent in 2020

    Don Russell

    Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: A4461326

Stellar MLS

APN: 0129-07-1072

Florida Sarasota County Sarasota 34242

8776 Midnight Pass Rd Unit 405C, Sarasota, FL

This home is located at 8776 Midnight Pass Rd Unit 405C, Sarasota, FL 34242 since 27 February 2020 and is currently estimated at $647,717, approximately $484 per square foot. This property was built in 1975. 8776 Midnight Pass Rd Unit 405C 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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