$950,000
PENDING $50K PRICE DROP

Island Reef 8779 Midnight Pass Rd Unit 506H Floor 5 Sarasota, FL 34242

Estimated payment $6,601/month

Total Views 3,562
2 Beds
2.5 Baths
1,768 Sq Ft
$537 Price per Sq Ft

Highlights

  • Beach Front
  • White Water Ocean Views
  • Assigned Boat Slip
  • Phillippi Shores Elementary School Rated A
  • Dock has access to electricity and water
  • Water access To Gulf or Ocean

About This Home

Under contract-accepting backup offers. BEACH! BAY! ENJOY PANARAMIC BAY VIEWS FROM THIS UPDATED RESIDENCE. Kitchen with solid surface countertop, stainless appliance. Two bedroom suites with private bath, walk-in closets laundry in residence. Additional room off foyer for den and storage. Turnkey Furnished! Carport! Island Reef is a serene waterfront community, one of the few Gulf to Bay community that offers many desirable amenities including: beach, boat docks (lifts allowed) two lit tennis courts, pickleball, 2 fitness rooms, kayak storage, library, billiards, game room, clubhouse, two heated pools and gas grills, PET FRIENDLY! Tropical gardens add to the appeal of Island Reef and this wonderful community and is close to two of Siesta Key’s popular restaurants. Complimentary trolley to Siesta Village for 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: 05/27/2025

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

  • $6,946

Year Built

  • Built in 1980

Lot Details

  • Street terminates at a dead end
  • South Facing Home
  • Street paved with bricks

HOA Fees

  • $1,000 Monthly HOA Fees

Property Views

Home Design

  • Traditional Architecture
  • Entry on the 5th floor
  • Slab Foundation
  • Stucco

Interior Spaces

  • 1,768 Sq Ft Home
  • Open Floorplan
  • Furnished
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Great Room
  • Combination Dining and Living Room
  • Sun or Florida Room
  • Storage Room
  • Inside Utility
  • Sauna
  • Tile Flooring

Kitchen

  • Convection Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Stone Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • 1 Carport Space
  • Ground Level Parking
  • Open Parking
  • Off-Street Parking
  • 1 Assigned Parking Space

Eco-Friendly Details

  • Well Sprinkler System

Pool

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

Outdoor Features

  • Water access To Gulf or Ocean
  • Access To Intracoastal Waterway
  • Fishing Pier
  • First Come-First Served Dock
  • Assigned Boat Slip
  • Dock has access to electricity and water
  • Dock made with wood
  • Enclosed Patio or Porch
  • Exterior Lighting
  • Outdoor Grill
  • Private Mailbox

Location

  • Flood Zone Lot
  • Flood Insurance May Be Required

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • Phone Available
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, common area taxes, pool, maintenance structure, management, pest control, sewer
  • Island Reef Community
  • Island Reef II Ph 1 2 & 3 Subdivision
  • On-Site Maintenance
  • 5-Story Property

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
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,946

Year Built

Built in 1980

Lot Details

0

HOA Fees

$1,000 per month

Listing Details

  • HOA Fee Includes: Cable TV, Common Area Taxes, Pool, Maintenance Structure, Management, Pest Control, Sewer
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Traditional
  • Construction Materials: Stucco
  • Fireplace: No
  • Living Area: 1768
  • Lot Size Acres: 6.31
  • New Construction: No
  • Year Built: 1980
  • Building Area Total: 1973
  • Lot Size Sq Ft: 274901
  • Status: Pending
  • Co List Office Mls Id: MFR281502395
  • Co List Office Phone: 941-349-3444
  • Ownership: Condominium
  • Entry Level: 5
  • Escrow City: Sarasota
  • Escrow State: FL
  • Escrow Street Name: Ocean Blvd
  • Floor Number: 5
  • Minimum Lease: 1 Month
  • Number Of Pets: 1
  • RATIO Current Price By Calculate: 537.33
  • Water Access YN: 1
  • Condo Fees Term: Monthly
  • MFR_NumAssignedParkingSpaces: 1
  • 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: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Tile
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Elevator, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Split Bedroom, Stone Counters, Thermostat, Window Treatments
  • Appliances Included: Convection Oven, Cooktop, Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Other Equipment: Irrigation Equipment
  • Stories: 5
  • Window Features: Blinds
  • Additional Rooms: Florida Room,Great Room,Inside Utility,Storage Rooms
  • Living Area Meters: 164.25

Exterior Features

  • Direction Faces: South
  • Other Structures: Tennis Court(s)
  • Pool Features: Auto Cleaner, Heated, In Ground, Self Cleaning
  • Exterior Features: Lighting, Outdoor Grill, Outdoor Shower, Private Mailbox, Sauna, Sliding Doors, Sprinkler Metered
  • Roof: Other
  • Pool Private: Yes
  • Water Body Name: INTERCOASTAL WATERWAY
  • Waterfront: Yes
  • Patio and Porch Features: Enclosed, Screened
  • Road Surface Type: Brick
  • Water Access: Bay/Harbor,Beach,Gulf/Ocean,Gulf/Ocean to Bay,Intracoastal Waterway
  • Water Extras: Assigned Boat Slip,Fishing Pier,Sailboat Water
  • Water View: Bay/Harbor - Full,Intracoastal Waterway
  • Water View YN: 1
  • Waterfront Feet Total: 0

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: Yes
  • Garage Yn: No
  • Parking Features: Assigned, Ground Level, Off Street, Open

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Phone Available, Sewer Available, Sewer Connected, Sprinkler Recycled, Sprinkler Well, Water Available, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Clubhouse, Fitness Center, Irrigation-Reclaimed Water, Pool, Sidewalks, Tennis Court(s), Street Lights
  • Association Amenities: Clubhouse, Elevator(s), Fitness Center, Laundry, Lobby Key Required, Maintenance, Other, Pickleball Court(s), Pool, Recreation Facilities, Sauna, Shuffleboard Court, Tennis Court(s)
  • Association: Yes
  • Security: Key Card Entry, Smoke Detector(s)
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Pet Restrictions: One dog or cat 30 lbs
  • Association Fee Requirement: None
  • Condo Fees: 1000
  • Condo Land Included YN: 0
  • Max Pet Weight: 30
  • Association Email: irinfo@hhrmgt.com
  • Monthly Condo Fee Amount: 1000
  • Pet Size: Small (16-35 Lbs.)

Fee Information

  • Total Annual Fees: 12000.00
  • Total Monthly Fees: 1000.00

Lot Info

  • Zoning: RMF1
  • Parcel Number: 0129081092
  • Additional Parcels: No
  • Lot Features: CoastalConstruction Control Line, Flood Insurance Required, FloodZone, In County, Private, Sidewalk, Street Brick, Street Dead-End
  • Flood Zone Code: AE

Rental Info

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

Tax Info

  • Tax Annual Amount: 6946.29
  • Tax Book Number: 11-34
  • Tax Lot: 506H

Multi Family

  • Waterfront Features: Bay/Harbor, Beach Front, Gulf/Ocean, Gulf/Ocean to Bay, Intracoastal Waterway
  • Approval Process: See condo docs for approval process.

Map

About Island Reef

Range of Values:

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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
2024 $6,717 $581,506 -- --
2023 $6,717 $564,569 $0 $0
2022 $5,984 $501,426 $0 $0
2021 $5,998 $486,821 $0 $0
2020 $6,025 $480,100 $0 $480,100
2019 $5,967 $479,572 $0 $0
2018 $5,846 $470,630 $0 $0
2017 $5,821 $460,950 $0 $0
2016 $5,819 $547,000 $0 $547,000
2015 $5,926 $521,000 $0 $521,000
2014 $5,905 $438,200 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/23/2025 09/23/25 Pending -- -- --
08/17/2025 08/17/25 Price Changed $950,000 -5.0% $537 / Sq Ft
05/27/2025 05/27/25 For Sale $1,000,000 -- $566 / Sq Ft
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Attorney
Warranty Deed -- None Available
Deed $270,000 --
Source: Public Records

Source: Stellar MLS

MLS Number: A4653392

Stellar MLS

APN: 0129-08-1092

Florida Sarasota County Sarasota 34242

8779 Midnight Pass Rd Unit 506H, Sarasota, FL

This home is located at 8779 Midnight Pass Rd Unit 506H, Sarasota, FL 34242 and is currently priced at $950,000, approximately $537 per square foot. This property was built in 1980. 8779 Midnight Pass Rd Unit 506H 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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Marlene Marshall
Listing Agent
Marlene Marshall
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MICHAEL SAUNDERS & COMPANY
(941) 842-0830