NOT LISTED FOR SALE

8779 Midnight Pass Rd Unit 503H Sarasota, FL 34242

Estimated Value: $613,388 - $675,000

2 Beds
2 Baths
1,303 Sq Ft
$667/mo HOA Fee

Last Sold December 02, 2021

Last sale price $640,000 $491 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $4,707/month

89 Days on Market

Highlights

  • 800 Feet of Waterfront
  • White Water Ocean Views
  • Private Beach
  • Phillippi Shores Elementary School Rated A
  • Water access To Gulf or Ocean
  • Boat Slip Deeded

About This Home

As of December 2021

This Island Reef gem on the south end of Siesta Key is being sold turn-key furnished and offers the best of Florida living with Bay views and Gulf beach access amidst a park-like setting of sprawling green lawns and resort-style features. Chock full of amenities, The Island Reef Community is like no other. This 5th floor penthouse has a beautifully updated kitchen and remodeled bathrooms plus a work station/office space. Flooded with natural light and sleek plantation shutters, the layout has an easy flow. Travertine tile in the living areas and bathrooms is most suitable for this Bay and Beach lifestyle. Sip your morning coffee on the large patio as you watch boats pass by on the Intercoastal Waterway. Spacious master suite opens to the patio and the master bathroom includes double sinks and a custom tiled walk-in shower. You’ll find storage galore with custom designed walk-in closets. Split bedroom plan for everyone’s comfort with an exceptionally large guest bedroom. Enjoy the convenience of an inside washer and dryer plus a large walk-in storage closet. A meandering walkway through the mangroves leads to a long community dock with multiple slips and a kayak launch. Walk across the street to enjoy private access to the beautiful Turtle beach and sunsets.

Island Reef features secured building lobbies, on-site management, two heated swimming pools, tennis and pickle ball courts, fitness center, clubhouse, library and billiards room, grilling stations, bike and kayak storage, docks on a first come-first serve basis, fishing pier and deeded beach access.

Last Agent to Sell the Property

Kelly Rosenberg

COLDWELL BANKER REALTY License #3264799 Listed on: 07/17/2021

COLDWELL BANKER REALTY

Last Buyer's Agent

Carolyn Reynolds

KELLER WILLIAMS TAMPA PROP. License #3229597

KELLER WILLIAMS TAMPA PROP.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,894

Year Built

  • Built in 1980

Lot Details

  • 800 Feet of Waterfront
  • Property fronts an intracoastal waterway
  • Private Beach
  • Public Beach
  • South Facing Home
  • Condo Land Included

HOA Fees

  • $667 Monthly HOA Fees

Parking

  • 1 Carport Space

Property Views

  • White Water Ocean
  • Intracoastal

Home Design

  • Slab Foundation
  • Stucco

Interior Spaces

  • 1,303 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Ceiling Fan
  • Sliding Doors
  • Combination Dining and Living Room
  • Sauna

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Carpet
  • Travertine

Bedrooms and Bathrooms

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

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Eco-Friendly Details

  • Reclaimed Water Irrigation System

Outdoor Features

  • Outdoor Shower
  • Water access To Gulf or Ocean
  • Access To Intracoastal Waterway
  • Fishing Pier
  • Deeded access to the beach
  • First Come-First Served Dock
  • Boat Slip Deeded
  • Open Dock
  • Exterior Lighting
  • Outdoor Grill

Schools

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

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, common area taxes, community pool, escrow reserves fund, fidelity bond, maintenance structure, ground maintenance, pest control, pool maintenance, recreational facilities, sewer, trash, water
  • Island Reef Merryem Bilaouadil Association, Phone Number (941) 349-2844
  • Visit Association Website
  • Island Reef Community
  • Island Reef II Ph 1 2 & 3 Subdivision
  • The community has rules related to deed restrictions, no truck, recreational vehicles, or motorcycle parking
  • Rental Restrictions

Amenities

  • Elevator

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool
  • Fishing
  • Park

Pet Policy

  • Pet Size Limit
  • 1 Pet Allowed
  • Small pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,894

Year Built

Built in 1980

Lot Details

0

HOA Fees

$667 per month

Listing Details

  • HOA Fee Includes: Cable TV, Common Area Taxes, Community Pool, Escrow Reserves Fund, Fidelity Bond, Maintenance Structure, Maintenance Grounds, Pest Control, Pool Maintenance, Recreational Facilities, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Stucco
  • Fireplace: No
  • Living Area: 1303
  • New Construction: No
  • Year Built: 1980
  • Directions to Property: From the Stickney Point Bridge, head south on Midnight Pass Road for 2.5 miles to Island Reef entrance - on your left. Then turn to the right and park in any guest space before the carports. Continue on same road to walk to Building H at the end of driveway.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4506775?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4506775?w=Customer
  • Floor Number: 5
  • Homestead Y N: Yes
  • Number Of Pets: 1
  • Total Acreage: Non-Applicable
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Ratio: Close Price\List Price: 0.97279
  • Price per Sq Ft: 491.17
  • Close to Original List Price Ratio: 0.92888
  • View: No
  • Ownership: Condominium
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Travertine
  • Full Bathrooms: 2
  • Interior Amenities: Built in Features, Ceiling Fans(s), Living Room/Dining Room Combo, Split Bedroom, Stone Counters, Walk-In Closet(s)
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 1
  • Street Number Modifier: 8779
  • Room Count: 5

Exterior Features

  • Direction Faces: South
  • Exterior Features: Irrigation System, Lighting, Outdoor Grill, Outdoor Shower, Sauna, Sidewalk, Sliding Doors, Tennis Court(s)
  • Roof: Other
  • Pool Private: No
  • Water Body Name: Intracoastal Waterway
  • Waterfront: Yes
  • Water View: Bay/Harbor - Full, Intracoastal Waterway
  • Water Access: Bay/Harbor, Beach - Access Deeded, Beach - Private, Beach - Public, Gulf/Ocean, Gulf/Ocean to Bay, Intracoastal Waterway
  • Water Extras: Dock - Open, Dock - Slip 1st Come, Dock - Slip Deeded On-Site, Fishing Pier
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Waterfront Frontage: 800
  • Water Frontage Feet I C W: 400
  • Water Frontage Feet Bay Harbor: 400
  • Disclosures: Condominium Disclosure Available

Garage/Parking

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

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Street Lights
  • Cooling: Central Air
  • Heating: 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, No Truck/RV/Motorcycle Parking, Park, Pool, Sidewalk, Tennis Courts, Water Access, Waterfront
  • Association Name: ISLAND REEF MERRYEM BILAOUADIL
  • Phone: 941.349.2844
  • Association: Yes
  • Senior Community: No
  • Condo Fees: 2000
  • Condo Fees Term: Quarterly
  • Association Website: www.islandreef.net
  • Association Email: mgr@islandreef.net
  • Condo Land Included Y N: Yes
  • Monthly Condo Fee Amount: 667
  • Association Fee Requirement: None
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 8000
  • Total Monthly Fees: 666.67

Schools

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

Lot Info

  • Zoning: RMF1
  • Parcel Number: 0129081089
  • Additional Parcels: No
  • Flood Zone Code: AE

Rental Info

  • Pets Allowed: Size Limit, Yes
  • Pet Size: Small (16-35 Lbs.)
  • Minimum Lease: 1 Month
  • Approval Process: CONDOMINIUM ASSOCIATION APPROVAL
  • Num Timesper Year: 8
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: SEE ADDITIONAL DOCS

Tax Info

  • Tax Annual Amount: 3893.92
  • Tax Book Number: 11-34
  • Tax Lot: 503H

Multi Family

  • Waterfront Features: Intracoastal Waterway

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2021
Closed on
Nov 23, 2021
Sold by
Zuczek Tadeusz E and Zuczek Ermalinda M
Bought by
Aya Ay Melanie Lynn and Aya Ay James
Seller's Agent
Kelly Rosenberg
COLDWELL BANKER REALTY
Buyer's Agent
Carolyn Reynolds
KELLER WILLIAMS TAMPA PROP.
List Price
$689,000
Sold Price
$640,000
Premium/Discount to List
-$49,000
-7.11%
Current Estimated Value
$647,097

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,097
Avg. Annual Appreciation
1.50%
Original Mortgage
$448,000
Outstanding Balance
$414,469
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$262,884

Purchase Details

Listed on
May 12, 2021
Closed on
Jul 12, 2021
Sold by
Schaumloeffel Patricia H
Bought by
Zuczek Tadeusz Egnacy and Zuczek Ermalinda Marano
Seller's Agent
Jan Means
ROSEBAY INTERNATIONAL REALTY, INC
Buyer's Agent
Kelly Rosenberg
COLDWELL BANKER REALTY
List Price
$647,500
Sold Price
$647,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.94%

Purchase Details

Closed on
Dec 10, 2001
Sold by
Anderson Richard C
Bought by
Schaumloeffel Patricia H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.6%
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
Aya Ay Melanie Lynn $640,000 Masterpiece Title
Zuczek Tadeusz Egnacy $647,500 Attorney
Schaumloeffel Patricia H $320,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aya Ay Melanie Lynn $448,000
Previous Owner Schaumloeffel Patricia H $50,000
Previous Owner Schaumloeffel Patricia H $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2021 12/02/21 Sold $640,000 -2.7% $491 / Sq Ft
10/14/2021 10/14/21 Pending -- -- --
10/03/2021 10/03/21 Price Changed $657,900 -1.5% $505 / Sq Ft
08/31/2021 08/31/21 Price Changed $667,900 -3.1% $513 / Sq Ft
07/17/2021 07/17/21 For Sale $689,000 +6.4% $529 / Sq Ft
07/12/2021 07/12/21 Sold $647,500 0.0% $497 / Sq Ft
05/12/2021 05/12/21 Pending -- -- --
05/12/2021 05/12/21 For Sale $647,500 -- $497 / 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 $7,479 $500,700 -- $500,700
2023 $7,479 $602,200 $0 $602,200
2022 $6,858 $545,700 $0 $545,700
2021 $3,884 $319,309 $0 $0
2020 $3,894 $314,900 $0 $314,900
2019 $3,853 $315,083 $0 $0
2018 $3,765 $309,208 $0 $0
2017 $3,747 $302,848 $0 $0
2016 $3,748 $359,400 $0 $359,400
2015 $3,816 $342,300 $0 $342,300
2014 $3,801 $287,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kelly Rosenberg

    Seller's Agent in 2021

    Kelly Rosenberg

    COLDWELL BANKER REALTY

    (941) 961-4948

    7 in this area

    58 Total Sales

    Kelly Rosenberg
    Section Image

  • J

    Seller's Agent in 2021

    Jan Means

    ROSEBAY INTERNATIONAL REALTY, INC

    (941) 366-7673

    1 in this area

    3 Total Sales

    Jan Means
    Section Image

  • C

    Buyer's Agent in 2021

    Carolyn Reynolds

    KELLER WILLIAMS TAMPA PROP.

    (813) 334-8869

    2 in this area

    46 Total Sales

    Carolyn Reynolds
    Section Image
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Map

Source: Stellar MLS

MLS Number: A4506775

Stellar MLS

APN: 0129-08-1089

Florida Sarasota County Sarasota 34242

8779 Midnight Pass Rd Unit 503H, Sarasota, FL

This home is located at 8779 Midnight Pass Rd Unit 503H, Sarasota, FL 34242 since 17 July 2021 and is currently estimated at $647,097, approximately $496 per square foot. This property was built in 1980. 8779 Midnight Pass Rd Unit 503H 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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