OPEN HOUSE 3/07
SOLD JUN 30, 2025
Island Reef 8779 Midnight Pass Rd Unit 504H Sarasota, FL 34242
2
Beds
2
Baths
1,421
Sq Ft
$1,000/mo
HOA Fee
Highlights
- 400 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
As of June 2025Stunning Penthouse with Full Bay Views in Island Reef, Siesta Key!
Experience luxury coastal living in this spectacular penthouse at Island Reef, one of Siesta Key’s premier Beach-to-Bay communities. Boasting wraparound panoramic water views, this unit offers some of the best vistas in the entire complex.
This beautifully updated 2-bedroom, 2-bathroom condo features luxury vinyl flooring throughout, a modernized kitchen with granite countertops, stainless steel appliances, a convenient breakfast bar, additional cabinetry, and recessed lighting in the remodeled ceiling. The popcorn ceilings have been removed, giving the space a sleek and contemporary feel. The glass-enclosed lanai allows for year-round enjoyment of breathtaking bay views. An in-unit laundry room and storage closet provide added convenience, with recent updates including a new washer/dryer and water heater, ensuring move-in-ready comfort.
Island Reef offers an array of exceptional amenities, including private beach access to the Gulf of Mexico, two heated swimming pools, tennis and pickleball courts, a fitness center, and a clubhouse with frequent social events. Additional amenities include shuffleboard courts, a library, a billiards room, grilling patios, boat docks, a fishing pier, and a kayak launch. The community also provides covered parking, on-site management, a car wash area, and building security, all within a pet-friendly environment.
Located on the serene south end of Siesta Key, this unit is close to dining, shopping, and the vibrant culture of Sarasota. The free Siesta Breeze Trolley stops right outside the property, making it easy to explore Siesta Village and other island destinations. Don’t miss this opportunity to own a truly exceptional penthouse in one of Siesta Key’s most desirable communities!
Last Agent to Sell the Property
COLDWELL BANKER REALTY Brokerage Phone: 941-383-6411 License #3500840 Listed on: 01/10/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $6,233
Year Built
- Built in 1980
Lot Details
- Southwest Facing Home
- Mature Landscaping
- Street paved with bricks
HOA Fees
- $1,000 Monthly HOA Fees
Property Views
- Garden
- Park or Greenbelt
Home Design
- Traditional Architecture
- Slab Foundation
- Membrane Roofing
- Built-Up Roof
- Block Exterior
- Stucco
Interior Spaces
- 1,421 Sq Ft Home
- 1-Story Property
- Furnished
- Ceiling Fan
- Double Pane Windows
- Blinds
- Sliding Doors
- Combination Dining and Living Room
- Breakfast Room
- Storage Room
- Inside Utility
Kitchen
- Eat-In Kitchen
- Range
- Microwave
- Dishwasher
- Stone Countertops
Flooring
- Ceramic Tile
- Luxury Vinyl Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- Split Bedroom Floorplan
- En-Suite Bathroom
- Walk-In Closet
- 2 Full Bathrooms
Laundry
- Laundry closet
- Dryer
- Washer
Home Security
Parking
- 1 Carport Space
- 1 Assigned Parking Space
Eco-Friendly Details
- Energy-Efficient Thermostat
- Reclaimed Water Irrigation System
Pool
- Heated In Ground Pool
- Gunite Pool
- Outdoor Shower
- Auto Pool Cleaner
- Pool Lighting
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 electricity and water
- Deeded Boat Dock
- Enclosed Patio or Porch
- Exterior Lighting
- Outdoor Grill
Location
- Flood Zone Lot
- Property is near public transit
Schools
- Phillippi Shores Elementary School
- Mcintosh Middle School
- Sarasota High School
Utilities
- Central Air
- Heat Pump System
- Thermostat
- Electric Water Heater
- High Speed Internet
- Phone Available
- Cable TV Available
Listing and Financial Details
- Visit Down Payment Resource Website
- Tax Lot 504
- Assessor Parcel Number 0129081090
Community Details
Overview
- Association fees include cable TV, common area taxes, pool, escrow reserves fund, fidelity bond, insurance, internet, maintenance structure, ground maintenance, management, pest control, recreational facilities, sewer, trash, water
- Harbeck Property Management Association, Phone Number (941) 349-2844
- Island Reef Condos
- Island Reef Community
- Island Reef II Ph 1 2 & 3 Subdivision
- On-Site Maintenance
- The community has rules related to deed restrictions, no truck, recreational vehicles, or motorcycle parking, vehicle restrictions
Amenities
- Sauna
- Clubhouse
- Laundry Facilities
- Elevator
Recreation
- Recreation Facilities
- Shuffleboard Court
Pet Policy
- Pets up to 30 lbs
- 1 Pet Allowed
- Dogs and Cats Allowed
Security
- Card or Code Access
- Storm Windows
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 10, 2025
Closed on
Jun 27, 2025
Sold by
Altier Richard J
Bought by
Gross Charles and Gross Elizabeth
Seller's Agent
Heidi Lusk
COLDWELL BANKER REALTY
Buyer's Agent
Wendy Rosenthal
REAL BROKER, LLC
List Price
$699,900
Sold Price
$600,000
Premium/Discount to List
-$99,900
-14.27%
Views
44
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
46.34%
Original Mortgage
$450,000
Outstanding Balance
$449,144
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$195,873
Purchase Details
Closed on
Oct 28, 2021
Sold by
7595 E Hall Road Llc
Bought by
Altier Richard J
Purchase Details
Closed on
Jul 12, 2021
Sold by
Roethel William L and William L Roethel Revocable Tr
Bought by
7595 E Hall Road Llc
Purchase Details
Closed on
Mar 21, 2007
Sold by
Kuehn Nancy A
Bought by
Roethel William L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,250
Interest Rate
6.22%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 31, 2004
Sold by
887788 Ontario Ltd
Bought by
Kuehn Frank A and Kuehn Nancy A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$323,200
Interest Rate
3.37%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Sarasota, FL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $600,000 | Compass Land & Title | |
| Warranty Deed | -- | Attorney | |
| Warranty Deed | $580,000 | Attorney | |
| Deed | $495,000 | Attorney | |
| Special Warranty Deed | $404,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $450,000 | New Conventional | |
| Previous Owner | $338,100 | New Conventional | |
| Previous Owner | $371,250 | Purchase Money Mortgage | |
| Previous Owner | $302,050 | Unknown | |
| Previous Owner | $150,000 | Credit Line Revolving | |
| Previous Owner | $323,200 | Purchase Money Mortgage | |
| Closed | $40,400 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/30/2025 06/30/25 | Sold | $600,000 | -4.0% | $422 / Sq Ft |
| 05/31/2025 05/31/25 | Pending | -- | -- | -- |
| 03/05/2025 03/05/25 | Price Changed | $624,900 | -5.3% | $440 / Sq Ft |
| 01/10/2025 01/10/25 | Price Changed | $660,000 | -5.7% | $464 / Sq Ft |
| 01/10/2025 01/10/25 | For Sale | $699,900 | -- | $493 / Sq Ft |
Source: Stellar MLS
Tax History Compared to Growth
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 | $6,948 | $491,900 | -- | $491,900 |
| 2023 | $6,948 | $559,800 | $0 | $559,800 |
| 2022 | $6,330 | $500,600 | $0 | $500,600 |
| 2021 | $3,884 | $319,309 | $0 | $0 |
| 2020 | $3,894 | $314,900 | $0 | $314,900 |
| 2019 | $4,339 | $354,200 | $0 | $354,200 |
| 2018 | $4,391 | $359,400 | $0 | $359,400 |
| 2017 | $4,465 | $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
Agents Affiliated with this Home
-
Heidi Lusk
Seller's Agent in 2025
Heidi Lusk
COLDWELL BANKER REALTY
(941) 681-5227
3 in this area
25 Total Sales
-
Wendy Rosenthal
W
Buyer's Agent in 2025
Wendy Rosenthal
REAL BROKER, LLC
(813) 575-7400
1 in this area
2 Total Sales
About Island Reef
Map
Source: Stellar MLS
MLS Number: A4634098
APN: 0129-08-1090
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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