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$735,000
$564/sqft2% reduced
HOA: $1,033/moTaxes: $5,825/yr212d on market

Island Reef

8779 MIDNIGHT PASS RD #502H, SARASOTA, FL, 34242

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2 Beds|2 Baths|1,303 Sq Ft|Built 1980
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💡 Price recently reduced — this could be a great opportunity to negotiate.

Waterfront & Dock
Waterfront
Bay/harbor, Beach Front
Water Frontage
1,000 ft
Water Body
INTERCOASTAL WATERWAY
Dock
Yes
Dimensions
0x0
Description
Dock - Slip 1st Come, Dock - Wood, Dock W/electric, Dock W/water Supply
C2C

Coast 2 Coast Home Realty

Licensed Florida Realtors

4.9· 214 reviews

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Buyer Insights

Here's what we know about this listing.

Why this home stands out

  • Price reduced 2% ($15,000 off original)
  • 212+ days on market — seller may be motivated
  • Updated today

Buyer Insights are informational only — always verify with your agent.

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.

County
Sarasota
Zip Code
34242
Community
Island Reef

Neighborhood

Map unavailable

Type
Condominium
Living Area
1,303 sqft
Construction
Stucco
Roof
Other
Flooring
Carpet, Tile
Pool
No
HOA
$1,033 / Monthly
  • Living Room/dining Room Combo
  • Open Floorplan
  • Primary Bedroom Main Floor
  • Split Bedroom
  • Stone Counters
  • Thermostat
  • Walk-in Closet(s)
  • Window Treatments
  • Lighting
  • Outdoor Grill
  • Outdoor Shower
  • Private Entrance
  • Sauna
  • Sidewalk
  • Sprinkler Metered
  • Tennis Court(s)
  • Dishwasher
  • Dryer
  • Electric Water Heater
  • Microwave
  • Refrigerator
  • Washer
  • Electric Dryer Hookup
  • Inside
  • Washer Hookup
  • Coastalconstruction Control Line
  • Flood Insurance Required
  • Floodzone
  • In County
  • Landscaped
  • Private
  • Sidewalk
  • Street Brick
  • Paved
  • Bb/hs Internet Available
  • Cable Available
  • Cable Connected
  • Electricity Available
  • Electricity Connected
  • Phone Available
  • Sewer Available
  • Sewer Connected
  • Sprinkler Well
  • Water Available
  • Water Connected
  • Association Recreation - Owned
  • Buyer Approval Required
  • Clubhouse
  • Fitness Center
  • Pool
  • Sidewalks
  • Tennis Court(s)
  • Street Lights
  • Bay/harbor Front
  • Boat Slip
  • Dock
  • Fishing
  • Gulf/ocean Front
  • Intracoastal Waterway
  • Water Access
  • Waterfront
  • Cable Tv
  • Clubhouse
  • Elevators
  • Fitness Center
  • Laundry
  • Maintenance
  • Pickleball Court(s)
  • Pool
  • Sauna
  • Shuffleboard Court
  • Tennis Court(s)
  • Cable Tv
  • Common Area Taxes
  • Pool
  • Electricity
  • Internet
  • Maintenance Structure
  • Maintenance Grounds
  • Management
  • Pest Control
  • Private Road
  • Recreational Facilities
  • Sewer
  • Trash
  • Water
  • Tennis Court(s)
Bedrooms
2
Bathrooms
2
Year Built
1980
Construction
Stucco
Flooring
Carpet, Tile
Roof
Other
Garage Spaces
0
Cooling
Central Air
Heating
Central, Electric
Waterfront
Yes
Pet Restrictions
Cats Ok, Dogs Ok, Number Limit, Size Limit, Yes
Lot Size
6.31 acres
Senior Community
No
Building Elevator
Pet Size
Small (16-35 Lbs.)
# of Pets
1
Max Pet Weight
30 lbs
Tax Year
2024
Annual Tax Amount
$5,825

Association Fees

  • HOA Fee

    Island Reef Condominium Association

    $1,033/ Monthly

Down Payment20% — $147,000
Interest Rate6.50%
Loan Term
Est. Mortgage
$3,717
HOA Fee
$1,033
Est. Property Tax
$485
Est. Insurance
$245
Total Est. Monthly Cost$5,480

* Estimates are for illustration purposes only and do not constitute an offer of financial advice. Actual rates, payments, insurance, and taxes will vary based on credit, location, and other factors. Contact a licensed mortgage professional for a personalized quote. Homeowners insurance estimate based on Florida averages.

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