NOT LISTED FOR SALE

8779 Midnight Pass Rd Unit 301 Sarasota, FL 34242

Estimated Value: $585,000 - $662,000

2 Beds
2 Baths
1,370 Sq Ft
$700/mo HOA Fee

Last Sold April 05, 2022

Last sale price $598,000 $436 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $4,545/month

2 Days on Market

Highlights

  • 1,200 Feet of Waterfront
  • Boat Dock
  • Private Beach
  • Phillippi Shores Elementary School Rated A
  • Water access To Gulf or Ocean
  • Fitness Center

About This Home

As of April 2022

BEACH! BOAT DOCKS! 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 corner residence: 2 bedrooms, 2 baths, laundry in residence, glassed and screened lanai, carport and guest parking. Turnkey furnished. Residence has been updated. Kitchen features granite counter tops and eating bar. 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, billiards, two fitness rooms, kayak storage, library, game room, clubhouse, two heated swimming pools and more. Pet friendly! Imagine rising each day to panoramic vistas of Sarasota Bay to view sunrises and coastal wildlife. Stroll over to the beach on the Gulf of Mexico to enjoy the refreshing breezes and magnificent sunsets. Tropical gardens add to the appeal of Island Reef. Island Reef is close to three of Siesta Key’s most popular restaurants and all of the cultural activities Sarasota has to offer.

Last Agent to Sell the Property

Marlene Marshall

MICHAEL SAUNDERS & COMPANY License #3113521 Listed on: 12/03/2021

MICHAEL SAUNDERS & COMPANY

Co-Listed By

George Marshall

MICHAEL SAUNDERS & COMPANY License #3033598

Last Buyer's Agent

Mairead Smialek

COLDWELL BANKER REALTY License #3448857

COLDWELL BANKER REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,455

Year Built

  • Built in 1980

Lot Details

  • 1,200 Feet of Waterfront
  • Property fronts gulf or ocean
  • Property fronts an intracoastal waterway
  • Property fronts a public beach
  • Property Fronts a Bay or Harbor
  • Private Beach
  • Public Beach
  • End Unit
  • South Facing Home
  • Mature Landscaping
  • Street paved with bricks

HOA Fees

  • $700 Monthly HOA Fees

Parking

  • 1 Carport Space

Property Views

  • Full Bay or Harbor
  • Garden
  • Park or Greenbelt

Home Design

  • Traditional Architecture
  • Turnkey
  • Slab Foundation
  • Stucco

Interior Spaces

  • 1,370 Sq Ft Home
  • Open Floorplan
  • Tray Ceiling
  • Ceiling Fan
  • Window Treatments
  • Sliding Doors
  • L-Shaped Dining Room
  • Sauna
  • Security Lights

Kitchen

  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Stone Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Eco-Friendly Details

  • Reclaimed Water Irrigation System

Pool

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

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
  • Dock made with wood
  • 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, maintenance structure, ground maintenance, manager, pest control, pool maintenance, recreational facilities, sewer, trash, water
  • Meryem Billaouadil Association, Phone Number (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 building or community restrictions, deed restrictions, vehicle restrictions
  • Rental Restrictions
  • 5-Story Property

Amenities

  • Sauna
  • Clubhouse
  • Laundry Facilities
  • Elevator

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
  • Pet Size Limit
  • 1 Pet Allowed

Security

  • Card or Code Access
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,455

Year Built

Built in 1980

Lot Details

0

HOA Fees

$700 per month

Listing Details

  • HOA Fee Includes: Cable TV, Common Area Taxes, Community Pool, Escrow Reserves Fund, 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: 1370
  • New Construction: No
  • Year Built: 1980
  • Building Area Total: 1485
  • Directions to Property: 2.5 miles south of Stickney Point on Midnight Pass Rd. Turn left (east) into Island Reef. Turn right and park in Guest Parking. Walk past the pool and the building is the closest to the bay (east). H Building is 8779 Midnight Pass.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4519027?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4519027?w=Customer
  • Floor Number: 3
  • Homestead Y N: No
  • Number Of Pets: 1
  • Unit Number Y N: No
  • Property Description: End Unit, Mid Rise
  • Call Center Phone Number: 9413087777
  • Ratio: Close Price\List Price: 1
  • Price per Sq Ft: 436.5
  • Close to Original List Price Ratio: 1
  • Ratio: Current Price\Building Area Total: 402.69
  • View: Yes
  • Co List Office Mls Id: 281502395
  • Co List Office Phone: 941-349-3444
  • Ownership: Condominium
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Elevator, L Dining, Master Bedroom Main Floor, Open Floorplan, Solid Surface Counters, Split Bedroom, Stone Counters, Thermostat, Tray Ceiling(s), Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Range Hood, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Spa Yn: No
  • Stories: 5
  • Street Number Modifier: 8779
  • Room Count: 7

Exterior Features

  • Direction Faces: South
  • Other Structures: Tennis Court(s)
  • Pool Features: Auto Cleaner, Heated, In Ground
  • Exterior Features: Irrigation System, Lighting, Outdoor Grill, Outdoor Shower, Sauna, Sidewalk, Sliding Doors, Sprinkler Metered, Tennis Court(s)
  • Roof: Other
  • Pool Private: No
  • View: Garden, Greenbelt, Water
  • Water Body Name: Intracoastal Waterway
  • Waterfront: Yes
  • Patio and Porch Features: Enclosed, Screened
  • Road Surface Type: Street Brick, Other
  • Water View: Bay/Harbor - Partial
  • Water Access: Bay/Harbor, Beach - Access Deeded, Beach - Public, Gulf/Ocean, Gulf/Ocean to Bay, Intracoastal Waterway
  • Water Extras: Dock - Slip 1st Come, Dock - Wood, 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: 1200
  • Water Frontage Feet I C W: 200
  • Water Frontage Feet Beach Pub: 200
  • Additional Water Information: Beach Access to Gulf of Mexico
  • Water Frontage Feet Bay Harbor: 200
  • Water Frontage Feet Beach Prvt: 200
  • Water Frontage Feet Gulf Ocean: 200
  • Water Frontage Feet Ocean 2 Bay: 200
  • Disclosures: Condominium Disclosure Available, Seller Property Disclosure

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: Yes
  • Garage Yn: No
  • 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, Street Lights, Water Available, Water Connected
  • 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, Irrigation-Reclaimed Water, Pool, Sidewalk, Special Community Restrictions, Tennis Courts, Water Access, Waterfront
  • Association Amenities: Boat Slip, Cable TV, Clubhouse, Boat Dock, Elevator(s), Fitness Center, Laundry, Lobby Key Required, Maintenance, Pickleball Court(s), Pool, Recreation Facilities, Sauna, Shuffleboard Court, Tennis Court(s), Vehicle Restrictions
  • Association Name: Meryem Billaouadil
  • Phone: 941-349-2844
  • Association: Yes
  • Security: Security Lights, Smoke Detector(s)
  • Senior Community: No
  • Condo Fees: 2100
  • Condo Fees Term: Quarterly
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 700
  • Association Fee Requirement: None
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 8400
  • Total Monthly Fees: 700

Schools

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

Lot Info

  • Zoning: RMF1
  • Parcel Number: 0129081075
  • Additional Parcels: No
  • Lot Features: CoastalConstruction Control Line, Flood Insurance Required, FloodZone, In County, Sidewalk
  • Property Attached Yn: Yes
  • Flood Zone Code: AE

Rental Info

  • Furnished: Turnkey
  • Pets Allowed: Number Limit, Size Limit, Yes
  • Pet Size: Small (16-35 Lbs.)
  • Max Pet Weight: 30
  • Minimum Lease: 1 Month
  • Approval Process: application
  • Num Timesper Year: 8
  • Pet Restrictions: 1 Cat or Dog; 30 Pounds
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: See association docs

Tax Info

  • Tax Annual Amount: 4455.02
  • Tax Book Number: 11-34
  • Tax Lot: 301H

Multi Family

  • Waterfront Features: Bay/Harbor, Beach - Private, Beach - Public, Gulf/Ocean, Gulf/Ocean to Bay, Intracoastal Waterway

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2021
Closed on
Apr 1, 2022
Sold by
Schmidt Ward Nyleen
Bought by
Dragona Gary Michael and Dragona Renee Ann
Seller's Agent
Marlene Marshall
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Mairead Smialek
COLDWELL BANKER REALTY
List Price
$598,000
Sold Price
$598,000
Current Estimated Value
$616,537

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,537
Avg. Annual Appreciation
2.63%
Original Mortgage
$448,500
Outstanding Balance
$425,760
Interest Rate
4.67%
Mortgage Type
New Conventional
Estimated Equity
$228,567

Purchase Details

Closed on
Oct 21, 2008
Sold by
Boring Randy S and Boring Margaret A
Bought by
Boring Randy Scott and Boring Margaret Ann

Purchase Details

Closed on
May 1, 2008
Sold by
Hillman Cynthia A and Hillman Arthur
Bought by
Boring Randy S and Boring Margaret A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$361,600
Interest Rate
5.84%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 14, 2001
Sold by
Swanson Karen N
Bought by
Hillman Cynthia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
7.09%

Purchase Details

Closed on
Oct 30, 1998
Sold by
Kelsay Hilda J
Bought by
Swanson Karen N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
6.65%
Source: Public Records

Range of Values:

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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
Dragona Gary Michael $598,000 None Listed On Document
Boring Randy Scott -- None Available
Boring Randy S $452,000 Properties Title Llc
Hillman Cynthia A $318,000 --
Swanson Karen N $170,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dragona Gary Michael $448,500
Closed Boring Randy S $361,600
Previous Owner Hillman Arthur B $450,000
Previous Owner Hillman Cynthia A $316,000
Previous Owner Hillman Cynthia A $125,000
Previous Owner Swanson Karen N $136,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2022 04/05/22 Sold $598,000 0.0% $436 / Sq Ft
12/05/2021 12/05/21 Pending -- -- --
12/03/2021 12/03/21 For Sale $598,000 -- $436 / 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 $7,069 $472,100 -- $472,100
2023 $7,069 $566,000 $0 $566,000
2022 $5,617 $506,700 $0 $506,700
2021 $4,455 $329,900 $0 $329,900
2020 $4,327 $313,600 $0 $313,600
2019 $4,791 $354,500 $0 $354,500
2018 $4,730 $350,600 $0 $350,600
2017 $4,807 $350,600 $0 $350,600
2016 $4,908 $350,600 $0 $350,600
2015 $4,809 $333,900 $0 $333,900
2014 $4,692 $280,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Marlene Marshall

    Seller's Agent in 2022

    Marlene Marshall

    Michael Saunders

    (941) 539-8850

    38 in this area

    45 Total Sales

    Marlene Marshall
    Section Image

  • G

    Seller Co-Listing Agent in 2022

    George Marshall

    Michael Saunders

    (941) 961-3221

    29 in this area

    30 Total Sales

    George Marshall
    Section Image
  • Mairead Smialek

    Buyer's Agent in 2022

    Mairead Smialek

    COLDWELL BANKER REALTY

    (847) 334-4848

    3 in this area

    122 Total Sales

    Mairead Smialek
    Section Image
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Map

Source: Stellar MLS

MLS Number: A4519027

Stellar MLS

APN: 0129-08-1075

Florida Sarasota County Sarasota 34242

8779 Midnight Pass Rd Unit 301, Sarasota, FL

This home is located at 8779 Midnight Pass Rd Unit 301, Sarasota, FL 34242 since 03 December 2021 and is currently estimated at $616,537, approximately $450 per square foot. This property was built in 1980. 8779 Midnight Pass Rd Unit 301 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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