NOT LISTED FOR SALE

8779 Midnight Pass Rd Unit 202H Sarasota, FL 34242

Estimated Value: $497,000 - $633,000

2 Beds
2 Baths
1,485 Sq Ft
$933/mo HOA Fee

Last Sold April 03, 2024

Last sale price $525,000 $354 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $4,487/month

175 Days on Market

Highlights

  • 800 Feet of Waterfront
  • Dock has access to electricity and water
  • Fitness Center
  • Phillippi Shores Elementary School Rated A
  • Beach Access
  • Intracoastal View

About This Home

As of April 2024

BEACH! BOATS DOCKS! BAY VIEWS! Come experience Siesta Key living just steps from the gentle bay waters at beautiful, tranquil Island Reef on the quiet end of the Island. Spacious Turnkey Furnished 2 bedroom, 2 baths, laundry in residence, carport and guest parking. Solid Surface countertops in Kitchen, Tile in living area, carpet in bedrooms, and custom window coverings Island Reef is a serene waterfront community, one of the few true Gulf to Bay properties, that offers many desirable amenities including: beach and boat docks (lifts allowed), two lit tennis courts, pickleball, 2 fitness rooms, kayak Storage library, Billiards, game room, clubhouse, two heated swimming pools and more. Pet friendly! Imagine rising each day to panoramic vistas of Bay to view sunrises and coastal wildlife. Stroll over to the Gulf side of Island Reef to enjoy the refreshing breezes and magnificent sunsets. Tropical gardens add to the appeal of Island Reef and this wonderful community is close to three of Siesta Key's most popular restaurants and all of the Your new social life awaits a perfect 3-5 minute walk from a trio of Siesta Key’s favorite restaurants (casual & waterfront fine dining) or enjoy a complimentary trolley to Siesta Village for dining, shopping, ice cream, mini-donuts, cute brunch spots, yoga, dancing and live music every night of the week! Enjoy the cultural activities Sarasota has to offer.

Last Agent to Sell the Property

Marlene Marshall

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-349-3444 License #3113521 Listed on: 09/15/2023

MICHAEL SAUNDERS & COMPANY

Co-Listed By

George Marshall

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

Last Buyer's Agent

Marlene Marshall

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-349-3444 License #3113521 Listed on: 09/15/2023

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,218

Year Built

  • Built in 1980

Lot Details

  • 800 Feet of Waterfront
  • 200 Feet of Bay Harbor Waterfront
  • 200 Feet of Ocean or Gulf Waterfront
  • 200 Feet of Ocean to Bay Waterfront
  • 200 Feet of Intracoastal Waterfront
  • Property fronts an intracoastal waterway
  • South Facing Home
  • Mature Landscaping
  • Well Sprinkler System
  • Street paved with bricks
  • Garden

HOA Fees

  • $933 Monthly HOA Fees

Parking

  • 1 Carport Space

Property Views

  • Intracoastal
  • Garden
  • Park or Greenbelt

Home Design

  • Traditional Architecture
  • Entry on the 2nd floor
  • Slab Foundation
  • Stucco

Interior Spaces

  • 1,485 Sq Ft Home
  • Open Floorplan
  • Furnished
  • Tray Ceiling
  • Blinds
  • Sliding Doors
  • L-Shaped Dining Room
  • Sauna
  • Security Lights

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Outdoor Shower
  • Auto Pool Cleaner

Outdoor Features

  • Beach Access
  • 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 electricity and water
  • Dock made with wood
  • Courtyard
  • Enclosed Patio or Porch
  • Outdoor Grill

Utilities

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

Listing and Financial Details

Community Details

Overview

  • Association fees include common area taxes, pool, escrow reserves fund, maintenance structure, ground maintenance, management, pest control, private road, recreational facilities, sewer, trash
  • Association Phone (941) 349-2844
  • 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
  • Greenbelt
  • 5-Story Property

Amenities

  • Sauna
  • Clubhouse
  • Laundry Facilities
  • Elevator

Recreation

  • Tennis Courts
  • Pickleball Courts
  • Racquetball
  • Recreation Facilities
  • Shuffleboard Court
  • Fitness Center
  • Community Pool

Pet Policy

  • Pets up to 30 lbs
  • 1 Pet Allowed

Security

  • Card or Code Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,218

Year Built

Built in 1980

Lot Details

0

HOA Fees

$933 per month

Listing Details

  • HOA Fee Includes: Common Area Taxes, Pool, Escrow Reserves Fund, Maintenance Structure, Maintenance Grounds, Management, Pest Control, Private Road, Recreational Facilities, Sewer, Trash
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Architectural Style: Traditional
  • Construction Materials: Stucco
  • Fireplace: No
  • Living Area: 1485
  • New Construction: No
  • Year Built: 1980
  • Building Area Total: 1485
  • Directions to Property: 2.5 miles south of Stickney Pointe on Midnight Pass Rd. Turn left (EAST) into Island Reef, Turn right, It is the building closest to the Bay. Park in visitor parking or # 204H Carport
  • Status: Sold
  • Co List Office Mls Id: MFR281502395
  • Co List Office Phone: 941-349-3444
  • Ownership: Condominium
  • ResoBuildingAreaSource: Owner
  • Available for Lease YN: 1
  • Escrow State: FL
  • Floor Number: 2
  • List Office Head Office Key Nume: 1046728
  • Minimum Lease: 1 Month
  • Number Of Pets: 1
  • RATIO Current Price By Calculate: 353.54
  • Total Acreage: Non-Applicable
  • Unit Number YN: 0
  • Water Access YN: 1
  • Condo Fees Term: Quarterly
  • Property Description: Mid Rise
  • MFR_DockDescription: Dock - Slip 1st Come,Dock - Wood,Dock w/Electric,Dock w/Water Supply
  • MFR_DockYN: 1
  • Attribution Contact: 941-349-3444
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile
  • Full Bathrooms: 2
  • Interior Amenities: Eat-in Kitchen, Elevator, L Dining, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Open Floorplan, Solid Surface Counters, Split Bedroom, Stone Counters, Tray Ceiling(s)
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Spa Yn: No
  • Stories: 5
  • Window Features: Blinds, Window Treatments
  • Street Number Modifier: 8779
  • ResoLivingAreaSource: Builder
  • Living Area Meters: 137.96
  • Room Count: 5

Exterior Features

  • Direction Faces: South
  • Pool Features: Auto Cleaner, Heated, In Ground
  • Exterior Features: Courtyard, Garden, Irrigation System, Outdoor Grill, Outdoor Shower, Sauna, Sidewalk, Sliding Doors, Sprinkler Metered, Tennis Court(s)
  • Roof: Other
  • Pool Private: No
  • View: Garden, Park/Greenbelt, Water
  • Water Body Name: INTRACOASTAL WATERWAY
  • Waterfront: Yes
  • Patio and Porch Features: Enclosed, Screened
  • Road Surface Type: Brick
  • Water Access: Bay/Harbor,Beach,Beach - Access Deeded,Gulf/Ocean,Gulf/Ocean to Bay,Intracoastal Waterway
  • Water Extras: Fishing Pier
  • Water Extras YN: 1
  • Water View: Intracoastal Waterway
  • Water View YN: 1
  • Waterfront Feet Total: 800
  • Additional Water Information: Bay Views and access to the Gulf of Mexico
  • Water Frontage Feet Bay Harbor: 200
  • Water Frontage Feet ICW: 200
  • Water Frontage Feet Gulf Ocean: 200
  • Water Frontage Feet Ocean 2 Bay: 200

Garage/Parking

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

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Phone Available, Sewer Available, Sewer Connected, Sprinkler Well, 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, Pool, Racquetball, Sidewalks, Tennis Courts
  • Association Amenities: Clubhouse, Elevator(s), Fitness Center, Laundry, Maintenance, Pickleball Court(s), Pool, Racquetball, Recreation Facilities, Sauna, Shuffleboard Court, Tennis Court(s)
  • Phone: 941-349-2844
  • Association: Yes
  • Security: Key Card Entry, Security Lights
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Association Fee Requirement: None
  • Building Name Number: 8779
  • Condo Fees: 2800
  • Condo Land Included YN: 0
  • Max Pet Weight: 30
  • Montly Maint Amt Addition To HOA: 0
  • Monthly Condo Fee Amount: 933
  • Pet Size: Small (16-35 Lbs.)

Fee Information

  • Total Annual Fees: 11200.00
  • Total Monthly Fees: 933.33

Lot Info

  • Zoning: RMF1
  • Parcel Number: 0129081070
  • Additional Parcels: No
  • Lot Features: CoastalConstruction Control Line, Greenbelt, In County, Landscaped, Sidewalk, Street Brick, Paved, Private
  • Property Attached Yn: Yes
  • Flood Zone Code: AE
  • Homestead YN: 0
  • Lot Size Square Meters: 0

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Number Limit
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: See Assoc

Tax Info

  • Tax Annual Amount: 5218.25
  • Tax Book Number: 11-34
  • Tax Lot: 202

Multi Family

  • Waterfront Features: Bay/Harbor, Gulf/Ocean, Gulf/Ocean to Bay, Intracoastal Waterway
  • Approval Process: See Assoc

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2023
Closed on
Apr 3, 2024
Sold by
Fenster Lynn S
Bought by
Gratopp Holdings Llc
Seller's Agent
Marlene Marshall
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Marlene Marshall
MICHAEL SAUNDERS & COMPANY
List Price
$650,000
Sold Price
$525,000
Premium/Discount to List
-$125,000
-19.23%
Views
111
Current Estimated Value
$582,403

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,403
Avg. Annual Appreciation
7.46%

Purchase Details

Closed on
Jan 30, 2015
Sold by
Fenster Michael I and Fenster Joan G
Bought by
Fenster Lynn S

Purchase Details

Listed on
May 17, 2011
Closed on
Oct 22, 2012
Sold by
Webster David and Webster Donna
Bought by
Fenster Lynn S and Fenster Michael I
Seller's Agent
Candy Swick
CANDY SWICK & COMPANY
Buyer's Agent
Dan Miller
PREFERRED SHORE LLC
List Price
$366,000
Sold Price
$366,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.67%

Purchase Details

Closed on
Mar 28, 2005
Sold by
Mills Randy E and Mills Cynthia L
Bought by
Webster David and Webster Donna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.32%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 12, 2005
Sold by
Sullivan Dennis J and Sullivan Laura L
Bought by
Mills Randy E and Mills Cynthia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$321,750
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 16, 2004
Sold by
Williams Derick Edward and Williams Madeline Hazel
Bought by
Sullivan Dennis J and Sullivan Laura L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.96%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 29, 2004
Sold by
Terry Nigel S
Bought by
Williams Derick E and Williams Madeleine H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.96%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 8, 1995
Sold by
Krug Robert B and Krug Darlene S
Bought by
Barranco Robert G and Barranco Janyce F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
8.86%
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
Gratopp Holdings Llc $525,000 Msc Title
Fenster Lynn S $200,000 Attorney
Fenster Lynn S $366,000 None Available
Webster David $565,000 --
Mills Randy E $500,000 Chelsea Title Company
Sullivan Dennis J $397,500 Chelsea Title Company
Williams Derick E $120,000 --
Terry Nigel S $25,000 --
Barranco Robert G $192,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Webster David $411,000
Previous Owner Webster David $400,000
Previous Owner Mills Randy E $321,750
Previous Owner Sullivan Dennis J $250,000
Previous Owner Barranco Robert G $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/03/2024 04/03/24 Sold $525,000 -8.7% $354 / Sq Ft
03/09/2024 03/09/24 Pending -- -- --
02/12/2024 02/12/24 Price Changed $575,000 -4.2% $387 / Sq Ft
01/11/2024 01/11/24 Price Changed $600,000 -4.0% $404 / Sq Ft
10/31/2023 10/31/23 Price Changed $625,000 -3.8% $421 / Sq Ft
09/15/2023 09/15/23 For Sale $650,000 +77.6% $438 / Sq Ft
10/22/2012 10/22/12 Sold $366,000 0.0% $253 / Sq Ft
10/06/2012 10/06/12 Pending -- -- --
05/17/2011 05/17/11 For Sale $366,000 -- $253 / 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 $5,734 $422,193 -- --
2023 $5,734 $509,800 $0 $509,800
2022 $5,218 $455,200 $0 $455,200
2021 $4,300 $317,200 $0 $317,200
2020 $4,178 $301,600 $0 $301,600
2019 $4,601 $339,200 $0 $339,200
2018 $4,623 $342,000 $0 $342,000
2017 $4,698 $342,000 $0 $342,000
2016 $4,797 $342,000 $0 $342,000
2015 $4,702 $325,800 $0 $325,800
2014 $4,587 $274,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4582690

Stellar MLS

APN: 0129-08-1070