$750,000

Island Reef 8779 Midnight Pass Rd Unit 502H Floor 1 Sarasota, FL 34242

Estimated payment $5,464/month

Total Views 64
2 Beds
2 Baths
1,303 Sq Ft
$576 Price per Sq Ft

Highlights

  • 1,000 Feet of Waterfront
  • White Water Ocean Views
  • Water access To Gulf or Ocean
  • Phillippi Shores Elementary School Rated A
  • Dock has access to electricity and water
  • Fitness Center

About This Home

A rare top floor opportunity in a quiet corner of Island Reef. Stunning views of Little Sarasota Bay and the Gulf from the always-shaded lanai or balcony where sunrises and sunsets are easily visible this time of year. Renovated from top to bottom, this is one of the few units with "Impact Glass" already installed in the lanai. This is a true turn-key opportunity allows you to move in immediately and start enjoying this little corner of paradise. Kitchen features granite countertops, and the unit includes an in-residence laundry. Furnished and complete with a carport! Island Reef is a serene waterfront community, and one of the few Gulf-to-Bay communities that offers many desirable amenities including a beach, boat docks (lifts allowed), two lit tennis courts, pickleball, two fitness rooms, kayak storage, a library, billiards, a game room, a clubhouse, two heated pools and gas grills. Pet friendly! Tropical gardens enhance the appeal of Island Reef and this wonderful community, conveniently located near two of Siesta Key's popular restaurants. A complimentary trolley provides access to Siesta beach, Siesta Village offering dining, shopping, ice cream, mini donuts, cute brunch spots, dancing, and live music every night of the week.

Listing Agent

Marlene Marshall

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-349-3444 License #3113521 Listed on: 12/12/2025

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

  • $5,825

Year Built

  • Built in 1980

Lot Details

  • East Facing Home
  • Mature Landscaping
  • Well Sprinkler System
  • Street paved with bricks

HOA Fees

  • $1,033 Monthly HOA Fees

Property Views

Home Design

  • Traditional Architecture
  • Entry on the 1st floor
  • Stucco

Interior Spaces

  • 1,303 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Furnished
  • Window Treatments
  • Combination Dining and Living Room
  • Storage Room
  • Inside Utility
  • Sauna

Kitchen

  • Microwave
  • Dishwasher
  • Stone Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Parking

  • 1 Carport Space
  • Guest Parking

Pool

  • Heated In Ground Pool
  • Pool is Self Cleaning
  • Outdoor Shower
  • Auto Pool Cleaner
  • Pool Lighting

Outdoor Features

  • Water access To Gulf or Ocean
  • Access To Intracoastal Waterway
  • Fishing Pier
  • First Come-First Served Dock
  • Dock has access to electricity and water
  • Dock made with wood
  • Exterior Lighting
  • Outdoor Grill

Location

  • Flood Zone Lot
  • Flood Insurance May Be Required

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, pool, electricity, internet, maintenance structure, ground maintenance, management, pest control, private road, recreational facilities, sewer, trash, water
  • Island Reef Condominium Association, Phone Number (941) 349-2844
  • Visit Association Website
  • Island Reef Association
  • Island Reef Community
  • Island Reef II Ph 1 2 & 3 Subdivision
  • On-Site Maintenance
  • Association Owns Recreation Facilities

Amenities

  • Sauna
  • Clubhouse
  • Laundry Facilities
  • Elevator

Recreation

  • Shuffleboard Court

Pet Policy

  • Pets up to 30 lbs
  • Pet Size Limit
  • 1 Pet Allowed
  • Dogs and Cats Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,825

Year Built

Built in 1980

Lot Details

0

HOA Fees

$1,033 per month

Listing Details

  • HOA Fee Includes: Cable TV, Common Area Taxes, Pool, Electricity, Internet, Maintenance Structure, Maintenance Grounds, Management, Pest Control, Private Road, Recreational Facilities, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Traditional
  • Construction Materials: Stucco
  • Fireplace: No
  • Living Area: 1303
  • Lot Size Acres: 6.31
  • New Construction: No
  • Year Built: 1980
  • Building Area Total: 1421
  • 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
  • Building Area Total Srch Sq M: 132.02
  • 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: 575.59
  • Water Access YN: 1
  • Condo Fees Term: Monthly
  • Water Frontage Feet Beach: 200
  • MFR_InLawSuiteYN: 0
  • MFR_DockDescription: Dock - Slip 1st Come,Dock - Wood,Dock w/Electric,Dock w/Water Supply
  • MFR_DockYN: 1
  • MFR_DockMaintenanceFeeFrequency: Quarterly
  • MFR_CommunityAssociationWaterFeatures: Bay/Harbor Front,Boat Slip,Dock,Fishing,Gulf/Ocean Front,Intracoastal Waterway,Water Access,Waterfront
  • Attribution Contact: 941-349-3444
  • Tax Year: 2024
  • Special Features: 4097

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile
  • Full Bathrooms: 2
  • Interior Amenities: Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Split Bedroom, Stone Counters, Thermostat, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
  • Foundation Details: Other
  • Total Bedrooms: 2
  • Levels: One
  • Other Equipment: Irrigation Equipment, Private Entrance
  • Stories: 1
  • Window Features: Window Treatments
  • Additional Rooms: Inside Utility,Storage Rooms
  • Living Area Meters: 121.05

Exterior Features

  • Direction Faces: East
  • Other Structures: Tennis Court(s)
  • Pool Features: Auto Cleaner, Heated, In Ground, Lighting, Self Cleaning
  • Exterior Features: Lighting, Outdoor Grill, Outdoor Shower, Private Entrance, Sauna, Sidewalk, Sprinkler Metered, Tennis Court(s)
  • Roof: Other
  • Home Warranty: No
  • Pool Private: No
  • Water Body Name: INTERCOASTAL WATERWAY
  • Waterfront: Yes
  • Road Surface Type: Brick
  • Water Access: Bay/Harbor,Beach,Gulf/Ocean,Gulf/Ocean to Bay,Intracoastal Waterway
  • Water Extras: Fishing Pier
  • Water View: Bay/Harbor - Full,Intracoastal Waterway
  • Water View YN: 1
  • Waterfront Feet Total: 1000
  • Additional Water Information: Beach access
  • 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
  • Parking Features: Guest

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: Electric Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Clubhouse, Fitness Center, Pool, Sidewalks, Tennis Court(s), Street Lights
  • Association Amenities: Cable TV, Clubhouse, Elevator(s), Fitness Center, Laundry, Maintenance, Pickleball Court(s), Pool, Sauna, Shuffleboard Court, Tennis Court(s)
  • Association Name: Island Reef Condominium Association
  • Phone: 941-349-2844
  • Association: Yes
  • Security: Smoke Detector(s)
  • Senior Community: No
  • Association: Island Reef
  • Association 2 YN: 1
  • Association Approval Required YN: 1
  • Pet Restrictions: One Dog or Cat 30lbs.
  • Association Fee Requirement: None
  • Condo Fees: 1033
  • Condo Land Included YN: 0
  • Max Pet Weight: 30
  • Association Email: IRinfo@hhrmgt.com
  • Monthly Condo Fee Amount: 1033
  • Pet Size: Small (16-35 Lbs.)
  • Association URL: www.IslandReef.net
  • Management: On Site Property Manager

Fee Information

  • Total Annual Fees: 12396.00
  • Total Monthly Fees: 1033.00
  • Other Fees Term: Monthly

Lot Info

  • Zoning: RMF1
  • Parcel Number: 0129081088
  • Additional Parcels: No
  • Lot Features: CoastalConstruction Control Line, Flood Insurance Required, FloodZone, In County, Landscaped, Private, Sidewalk, Street Brick, Paved
  • Flood Zone Code: AE

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Cats OK, Dogs OK, Number Limit, Size Limit, Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Refer to condo docs for lease restrictions.

Tax Info

  • Tax Annual Amount: 5824.77
  • Tax Book Number: 11-34
  • Tax Lot: 502H

Multi Family

  • Waterfront Features: Bay/Harbor, Beach Front
  • Approval Process: Refer to condo docs for approval process.

Map

About Island Reef

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
2025 $5,825 $464,700 -- $464,700
2024 $5,981 $440,827 -- --
2023 $5,981 $534,900 $0 $534,900
2022 $5,443 $477,600 $0 $477,600
2021 $4,471 $331,200 $0 $331,200
2020 $4,344 $314,900 $0 $314,900
2019 $4,788 $354,200 $0 $354,200
2018 $4,840 $359,400 $0 $359,400
2017 $4,919 $359,400 $0 $359,400
2016 $5,022 $359,400 $0 $359,400
2015 $4,921 $342,300 $0 $342,300
2014 $4,801 $287,900 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/12/2025 12/12/25 For Sale $750,000 -- $576 / Sq Ft
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $100 None Listed On Document
Warranty Deed $390,000 Attorney
Warranty Deed $268,000 --
Warranty Deed $268,000 --
Warranty Deed -- --
Source: Public Records

Source: Stellar MLS

MLS Number: A4673776

Stellar MLS

APN: 0129-08-1088

Florida Sarasota County Sarasota 34242

8779 Midnight Pass Rd Unit 502H, Sarasota, FL

For Sale

Condos

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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Marlene Marshall
Listing Agent
Marlene Marshall
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MICHAEL SAUNDERS & COMPANY
(941) 344-2986