NOT LISTED FOR SALE

8779 Midnight Pass Rd Unit 303 H Sarasota, FL 34242

Estimated Value: $628,000 - $722,000

2 Beds
2 Baths
1,421 Sq Ft
$933/mo HOA Fee

Last Sold April 15, 2024

Last sale price $801,000 $564 Per Sq Ft

Est. 16% decrease in value since last sale

Current estimated payment $5,039/month

Highlights

  • Water Views
  • Fitness Center
  • Custom Home
  • Phillippi Shores Elementary School Rated A
  • In Ground Pool
  • 6.31 Acre Lot

About This Home

As of April 2024

Welcome to Siesta Key’s Island Reef Condominium. This 2 bedroom 2 bath completely renovated 3rd floor unit has nice views of Sarasota Bay and the Intracoastal Waterway. There are tile floors with the timeless look of wood throughout the condo and the custom made accent wall gives the feeling of the ocean. The kitchen has wood cabinetry with soft grey tone lowers and white uppers with soft close doors and accented with white grey veined quartz counters . All of the appliances blend seamlessly with the decor. The living room has built in cabinetry matching the kitchen, with wood shelving and electric fireplace with mantel and mounted TV. This is not your normal condo. The lanai has been enclosed with hurricane sliding windows with views of the bay. The owners suite has 2 closets including a large walk in. All of the window coverings are Bahama Shutters. If you want something move in ready this is it, everything has been done for you and being offered furnished. This Gulf to Bay complex offers deeded beach access, 2 pools, tennis courts, pickle-ball, clubhouse, fitness center and Boat dockage. This owner has a dock with a 10,000 lb lift that can be purchased separately. Docks area first come first serve. You will not be disappointed and will fall in love with this one.

Last Agent to Sell the Property

Kristine Niehaus

COLDWELL BANKER REALTY Brokerage Phone: 941-349-4411 License #0556002 Listed on: 02/17/2024

COLDWELL BANKER REALTY

Co-Listed By

Jeffrey Maglione

COLDWELL BANKER REALTY Brokerage Phone: 941-349-4411 License #3405786

Last Buyer's Agent

Kristine Niehaus

COLDWELL BANKER REALTY Brokerage Phone: 941-349-4411 License #0556002 Listed on: 02/17/2024

COLDWELL BANKER REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,172

Year Built

  • Built in 1980

Lot Details

  • Southeast Facing Home
  • Mature Landscaping
  • Landscaped with Trees

HOA Fees

  • $933 Monthly HOA Fees

Parking

  • 1 Carport Space

Property Views

  • Water
  • Garden

Home Design

  • Custom Home
  • Entry on the 3rd floor
  • Slab Foundation
  • Block Exterior

Interior Spaces

  • 1,421 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Furnished
  • Built-In Features
  • Bar Fridge
  • Ceiling Fan
  • Electric Fireplace
  • Shades
  • Shutters
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Inside Utility
  • Ceramic Tile Flooring

Kitchen

  • Range with Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in Kitchen
  • Dryer
  • Washer

Home Security

Schools

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

Utilities

  • Central Heating and Cooling System
  • Private Sewer
  • Cable TV Available

Additional Features

  • In Ground Pool
  • Flood Zone Lot

Listing and Financial Details

Community Details

Overview

  • Association fees include common area taxes, pool, escrow reserves fund, fidelity bond, insurance, maintenance structure, ground maintenance, management, recreational facilities, sewer, water
  • Island Reef Association
  • Mid-Rise Condominium
  • Island Reef Community
  • Island Reef II Ph 1 2 & 3 Subdivision
  • The community has rules related to deed restrictions

Amenities

  • Clubhouse
  • Community Mailbox

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool

Security

  • Hurricane or Storm Shutters

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,172

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, Fidelity Bond, Insurance, Maintenance Structure, Maintenance Grounds, Management, Recreational Facilities, Sewer, Water
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Architectural Style: Custom
  • Construction Materials: Block
  • Fireplace: Yes
  • Living Area: 1421
  • Lot Size Acres: 6.31
  • New Construction: No
  • Year Built: 1980
  • Building Area Total: 1421
  • Lot Size Sq Ft: 274901
  • Number Of Lots: 1
  • Status: Sold
  • Co List Office Mls Id: MFR281502372
  • Co List Office Phone: 941-349-4411
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Building Area Total Srch Sq M: 132.02
  • Escrow State: FL
  • Floor Number: 3
  • Minimum Lease: 1 Month
  • RATIO Current Price By Calculate: 563.69
  • Total Acreage: 5 to less than 10
  • Water Access YN: 0
  • Condo Fees Term: Quarterly
  • Property Description: Mid Rise
  • MFR_NumAssignedParkingSpaces: 1
  • MFR_InLawSuiteYN: 0
  • Attribution Contact: 941-349-4411
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Electric, Living Room
  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Built-in Features, Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor
  • Appliances Included: Bar Fridge, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Range, Range Hood, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Spa Yn: No
  • Stories: 1
  • Window Features: Shades, Shutters, Window Treatments
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Inside Utility
  • Living Area Meters: 132.02

Exterior Features

  • Direction Faces: Southeast
  • Pool Features: In Ground
  • Exterior Features: Hurricane Shutters
  • Roof: Other
  • Pool Private: No
  • View: Garden, Water
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: Yes
  • Garage Yn: No
  • Parking Features: Covered

Utilities

  • Utilities: Cable Available, Electricity Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: In Kitchen, Inside
  • Sewer: Private Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Clubhouse, Community Mailbox, Deed Restrictions, Fitness Center, Pool, Sidewalks, Tennis Courts
  • Association Name: Island Reef
  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Complex Community Name Nccb: ISLAND REEF
  • Association Fee Requirement: None
  • Condo Fees: 2800
  • Condo Land Included YN: 1
  • Monthly Condo Fee Amount: 933

Fee Information

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

Schools

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

Lot Info

  • Zoning: RMF1
  • Parcel Number: 0129081077
  • Additional Parcels: No
  • Lot Features: FloodZone
  • Property Attached Yn: Yes
  • Flood Zone Code: AE

Rental Info

  • Furnished: Furnished
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: see assocation manager

Tax Info

  • Tax Annual Amount: 6171.55
  • Tax Book Number: 11-34
  • Tax Lot: 0

Multi Family

  • Approval Process: Please contact association manager

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2024
Closed on
Apr 12, 2024
Sold by
Padron Guillermo and Guillermo Padron Rev Trust
Bought by
Starner William S and Starner Nancy F
Seller's Agent
Kristine Niehaus
COLDWELL BANKER REALTY
Buyer's Agent
Kristine Niehaus
COLDWELL BANKER REALTY
List Price
$775,000
Sold Price
$801,000
Premium/Discount to List
$26,000
3.35%
Views
14
Current Estimated Value
$676,294

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$124,706
Avg. Annual Appreciation
-9.75%
Original Mortgage
$100,000
Outstanding Balance
$98,320
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$577,974

Purchase Details

Closed on
Oct 10, 2007
Sold by
Gehring Barbara D
Bought by
Padron Guillermo and Padron Margarita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,200
Interest Rate
6.44%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Starner William S $801,000 None Listed On Document
Padron Guillermo $399,000 Properties Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Starner William S $100,000
Previous Owner Padron Guillermo $319,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/15/2024 04/15/24 Sold $801,000 +3.4% $564 / Sq Ft
02/18/2024 02/18/24 Pending -- -- --
02/17/2024 02/17/24 For Sale $775,000 -- $545 / 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
2025 $6,580 $564,300 -- $564,300
2024 $6,172 $461,009 -- --
2023 $6,172 $549,600 $0 $549,600
2022 $5,302 $464,100 $0 $464,100
2021 $4,357 $321,900 $0 $321,900
2020 $4,232 $306,000 $0 $306,000
2019 $4,663 $344,200 $0 $344,200
2018 $4,675 $346,200 $0 $346,200
2017 $4,751 $346,200 $0 $346,200
2016 $4,851 $346,200 $0 $346,200
2015 $4,755 $329,800 $0 $329,800
2014 $4,638 $277,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kristine Niehaus

    Seller's Agent in 2024

    Kristine Niehaus

    COLDWELL BANKER REALTY

    (941) 376-4950

    6 in this area

    47 Total Sales

    Kristine Niehaus
    Section Image

  • J

    Seller Co-Listing Agent in 2024

    Jeffrey Maglione

    COLDWELL BANKER REALTY

    (941) 349-4411

    4 in this area

    24 Total Sales

    Jeffrey Maglione
    Section Image
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Map

Source: Stellar MLS

MLS Number: A4599597

Stellar MLS

APN: 0129-08-1077

Florida Sarasota County Sarasota 34242

8779 Midnight Pass Rd Unit 303 H, Sarasota, FL

Not Listed for Sale

Condos

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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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