$730,000
$120K PRICE DROP

Island Reef 8779 Midnight Pass Rd Unit 106H Floor 1 Sarasota, FL 34242

Estimated payment $5,565/month

Total Views 5,228
2 Beds
2.5 Baths
1,768 Sq Ft
$413 Price per Sq Ft

Highlights

  • 400 Feet of Waterfront
  • White Water Ocean Views
  • Assigned Boat Slip
  • Phillippi Shores Elementary School Rated A
  • Dock has access to electricity and water
  • Water access To Gulf or Ocean

About This Home

This residence is being sold furnished (some items excluded). Open floor plan. (2070 Sq feet; builders floor plan), two spacious bedrooms, 2 1⁄2 baths, office area, laundry, large enclosed Lanai. Upgrades include new flooring and newer air conditioner. Enjoy picturesque Bay views to watch the sunrise and across the street you can watch sunsets on the Gulf of Mexico. This larger floor plan has full Bay views. Residents of Island Reef enjoy boat docks (lifts allowed), beach, two heated pools, tennis, pickleball, two fitness rooms, saunas, shuffleboard courts, billiards, library, clubhouse, social room, gas grills, bicycle and kayak storage. The carport is just a few steps from the front door. Guest Parking. Close to two of Siesta Key’s popular restaurants. Free trolley to Siesta Village. Monthly Rentals (8 leases a year), pet friendly (30 lbs.), on-site management and rental program.

Listing Agent

Marlene Marshall

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-349-3444 License #3113521 Listed on: 03/18/2025

MICHAEL SAUNDERS & COMPANY

Co-Listing Agent

George Marshall

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-349-3444 License #3033598

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,332

Year Built

  • Built in 1980

Lot Details

  • South Facing Home
  • Landscaped
  • Street paved with bricks

HOA Fees

  • $1,000 Monthly HOA Fees

Parking

  • 1 Carport Space

Property Views

  • Garden

Home Design

  • Traditional Architecture
  • Entry on the 1st floor
  • Turnkey
  • Slab Foundation
  • Stucco

Interior Spaces

  • 1,768 Sq Ft Home
  • 1-Story Property
  • Window Treatments
  • Sliding Doors
  • Combination Dining and Living Room
  • Storage Room
  • Inside Utility

Kitchen

  • Range with Range Hood
  • Microwave
  • Dishwasher

Flooring

  • Parquet
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Eco-Friendly Details

  • Reclaimed Water Irrigation System

Pool

Outdoor Features

  • Water access To Gulf or Ocean
  • Access To Intracoastal Waterway
  • Fishing Pier
  • Assigned Boat Slip
  • Dock has access to electricity and water
  • Dock made with wood
  • Enclosed Patio or Porch
  • Outdoor Grill

Location

  • Flood Insurance May Be Required
  • Property is near public transit

Utilities

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

Listing and Financial Details

Community Details

Overview

  • Association fees include common area taxes, pool, escrow reserves fund, internet, maintenance structure, ground maintenance, management, pest control, private road, recreational facilities, trash, water
  • Joy Stevanovich Association, Phone Number (941) 349-2844
  • Island Reef Community
  • Island Reef II Ph 1 2 & 3 Subdivision
  • On-Site Maintenance
  • The community has rules related to deed restrictions

Amenities

  • Sauna
  • Clubhouse
  • Laundry Facilities
  • Elevator

Recreation

  • Shuffleboard Court

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

$8,332

Year Built

Built in 1980

Lot Details

0

HOA Fees

$1,000 per month

Listing Details

  • HOA Fee Includes: Common Area Taxes, Pool, Escrow Reserves Fund, Internet, Maintenance Structure, Maintenance Grounds, Management, Pest Control, Private Road, Recreational Facilities, Trash, Water
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Architectural Style: Traditional
  • Construction Materials: Stucco
  • Fireplace: No
  • Living Area: 1768
  • Lot Size Acres: 6.31
  • New Construction: No
  • Year Built: 1980
  • Building Area Total: 1973
  • Lot Size Sq Ft: 274901
  • Status: Active
  • Co List Office Mls Id: MFR281502395
  • Co List Office Phone: 941-349-3444
  • Ownership: Condominium
  • Entry Level: 1
  • Escrow City: Sarasota
  • Escrow State: FL
  • Escrow Street Name: Ocean Blvd
  • Floor Number: 1
  • Minimum Lease: 1 Month
  • Number Of Pets: 1
  • RATIO Current Price By Calculate: 412.90
  • Water Access YN: 1
  • Condo Fees Term: Monthly
  • Water Frontage Feet Beach: 200
  • MFR_InLawSuiteYN: 0
  • MFR_DockDescription: Dock - Wood,Dock w/Electric,Dock w/Water Supply
  • MFR_DockYN: 1
  • MFR_CommunityAssociationWaterFeatures: Bay/Harbor Front,Boat Slip,Dock,Gulf/Ocean Front,Intracoastal Waterway,Water Access,Waterfront
  • Attribution Contact: 941-349-3444
  • Tax Year: 2024
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Parquet, Tile
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Living Room/Dining Room Combo, Primary Bedroom Main Floor, Split Bedroom, Thermostat, Walk-In Closet(s)
  • Appliances Included: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Range Hood, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Other Equipment: Irrigation Equipment
  • Spa Yn: No
  • Stories: 1
  • Window Features: Window Treatments
  • Additional Rooms: Inside Utility,Storage Rooms
  • Living Area Meters: 164.25

Exterior Features

  • Direction Faces: South
  • Other Structures: Tennis Court(s)
  • Pool Features: Heated, In Ground, Lighting, Self Cleaning, Tile
  • Exterior Features: Outdoor Grill, Outdoor Shower, Sidewalk, Sliding Doors, Tennis Court(s)
  • Roof: Other
  • Pool Private: No
  • View: Garden, Water
  • Water Body Name: INTER-COASTAL, GULF
  • Waterfront: Yes
  • Patio and Porch Features: Enclosed, Screened
  • Road Surface Type: Paved
  • Water Access: Bay/Harbor,Beach,Gulf/Ocean,Gulf/Ocean to Bay,Intracoastal Waterway
  • Water Extras: Assigned Boat Slip,Fishing Pier,Sailboat Water
  • Water View: Bay/Harbor - Full,Intracoastal Waterway
  • Water View YN: 1
  • Waterfront Feet Total: 400
  • Water Frontage Feet Bay Harbor: 200

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: Yes
  • Garage Yn: No

Utilities

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

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Clubhouse, Deed Restrictions, Fitness Center, Irrigation-Reclaimed Water, Pool, Sidewalks, Tennis Court(s), Street Lights
  • Association Amenities: Clubhouse, Elevator(s), Fitness Center, Laundry, Lobby Key Required, Maintenance, Pickleball Court(s), Pool, Sauna, Shuffleboard Court, Tennis Court(s)
  • Association Name: Joy Stevanovich
  • Phone: 941-349-2844
  • Association: Yes
  • Security: Smoke Detector(s)
  • Senior Community: No
  • Association: No
  • Association 2 YN: 1
  • Association Approval Required YN: 1
  • Pet Restrictions: One Dog or Cat 30lbs weight limit.
  • Association Fee Requirement: None
  • Condo Fees: 1000
  • Condo Land Included YN: 0
  • Max Pet Weight: 30
  • Association Email: mgr@islandreef.net
  • Monthly Condo Fee Amount: 1000
  • Pet Size: Small (16-35 Lbs.)
  • Management: On Site Property Manager

Fee Information

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

Lot Info

  • Zoning: RMF1
  • Parcel Number: 0129081068
  • Additional Parcels: No
  • Lot Features: Flood Insurance Required, In County, Landscaped, Near Public Transit, Street Brick, Paved, Private
  • Flood Zone Code: AE

Rental Info

  • Furnished: Turnkey
  • Pets Allowed: Number Limit, Size Limit, Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: See Condo Docs.

Tax Info

  • Tax Annual Amount: 8332.02
  • Tax Book Number: 11-34
  • Tax Lot: 106H

Multi Family

  • Waterfront Features: Bay/Harbor, Beach Front, Gulf/Ocean, Gulf/Ocean to Bay, Intracoastal Waterway
  • Approval Process: See 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 $8,590 $632,891 -- --
2023 $8,590 $789,300 $0 $789,300
2022 $7,815 $706,100 $0 $706,100
2021 $6,302 $475,500 $0 $475,500
2020 $6,137 $453,000 $0 $453,000
2019 $6,818 $512,000 $0 $512,000
2018 $6,696 $502,900 $0 $502,900
2017 $6,807 $502,900 $0 $502,900
2016 $6,945 $502,900 $0 $502,900
2015 $6,805 $479,000 $0 $479,000
2014 $6,636 $402,800 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2025 10/01/25 Price Changed $730,000 0.0% $413 / Sq Ft
10/01/2025 10/01/25 For Sale $730,000 -6.4% $413 / Sq Ft
09/15/2025 09/15/25 Off Market $780,000 -- --
04/15/2025 04/15/25 Price Changed $780,000 -8.2% $441 / Sq Ft
03/18/2025 03/18/25 For Sale $850,000 -- $481 / Sq Ft
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- --
Warranty Deed $270,000 --
Source: Public Records

Source: Stellar MLS

MLS Number: A4644937

Stellar MLS

APN: 0129-08-1068