Rare Gulf-to-Bay community with a large private Gulf beach and Bay-side boat docks where owners may install boat lifts in their slips. The community is financially sound with NO assessments, making this a worry-free coastal investment. Move-in ready. Turnkey furnished. What truly sets Island Reef apart is income potential: 1-month rentals are allowed—a rare policy on Siesta Key. That means you can enjoy your own slice of paradise and still generate excellent rental income when you’re not in residence. This flexibility makes the condo ideal for both personal use and a smart, self-funding getaway. This high-and-dry 4th-floor unit is beautifully renovated, offered furnished, and move-in ready. Natural light is a standout feature—sunshine pours through the screened/enclosed balcony from morning through mid-day, filling the living areas with a bright, breezy coastal feel. Enjoy peaceful views of Little Sarasota Bay and the Intracoastal Waterway from your enclosed lanai with sliding windows—perfect for coffee, cocktails, and quiet sunsets. The modern kitchen features granite countertops, crisp white cabinetry, and an integrated washer/dryer. The spacious owner’s suite includes a large walk-in closet, while the guest bedroom offers an extra-large closet plus a separate owner’s lock-away closet for personal items when guests arrive. Island Reef lives like a resort: two heated pools, tennis and pickleball courts, fitness center, clubhouse, grilling patios, shuffleboard, game room, library, and an active social calendar. You’re a short walk to restaurants, a full-service marina with rentals and storage, and Turtle Beach. And the free Siesta Key trolley stops right in front of the community, taking you to Siesta Village, shopping, dining, and more beaches along Midnight Pass Road. Beach-to-Bay lifestyle + rare 1-month rental flexibility = a standout Siesta Key value. Schedule your private showing today.
For sale
$620,000
8767 Midnight Pass Rd APT 403F, Sarasota, FL 34242
2beds
1,303sqft
Est.:
Condominium
Built in 1979
-- sqft lot
$579,500 Zestimate®
$476/sqft
$1,000/mo HOA
What's special
Granite countertopsLarge private gulf beachTwo heated poolsTennis and pickleball courtsModern kitchenCrisp white cabinetryGrilling patios
- 59 days |
- 306 |
- 18 |
Zillow last checked: 8 hours ago
Listing updated: December 07, 2025 at 11:12am
Listing Provided by:
John Brink 941-928-5555,
OCEANS GLOBAL REALTY, LLC 941-444-5444
Source: Stellar MLS,MLS#: A4673053
Originating MLS: Sarasota - Manatee
Originating MLS: Sarasota - Manatee
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Utility Room, Storage Rooms
Primary bedroom
- Features: Ceiling Fan(s), En Suite Bathroom, Shower No Tub, Walk-In Closet(s)
- Level: First
Bedroom 2
- Features: Ceiling Fan(s), Built-in Closet
- Level: First
Great room
- Features: No Closet
- Level: First
Kitchen
- Features: Breakfast Bar, Pantry, Built-in Features
- Level: First
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
- Laundry: Inside, Laundry Closet
Features
- Ceiling Fan(s), Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Thermostat, Walk-In Closet(s)
- Flooring: Carpet, Tile
- Doors: Outdoor Grill, Outdoor Shower, Sliding Doors
- Windows: Blinds, Drapes, Tinted Windows
- Has fireplace: No
- Furnished: Yes
Interior area
- Total structure area: 1,383
- Total interior livable area: 1,303 sqft
Property
Parking
- Total spaces: 1
- Parking features: Covered, Guest
- Carport spaces: 1
Features
- Levels: One
- Stories: 1
- Patio & porch: Enclosed, Rear Porch, Screened, Wrap Around
- Exterior features: Balcony, Irrigation System, Lighting, Outdoor Grill, Outdoor Shower, Private Mailbox, Rain Gutters, Tennis Court(s)
- Has private pool: Yes
- Pool features: Gunite, Heated, In Ground
- Has spa: Yes
- Spa features: Heated, In Ground
- Has view: Yes
- View description: Water, Bay/Harbor - Full, Bay/Harbor - Partial, Intracoastal Waterway, Marina
- Has water view: Yes
- Water view: Water,Bay/Harbor - Full,Bay/Harbor - Partial,Intracoastal Waterway,Marina
- Waterfront features: Bay/Harbor Front, Gulf/Ocean Front, Waterfront, Bay/Harbor, Beach, Gulf/Ocean to Bay, Intracoastal Waterway, Marina, Bay/Harbor Access, Intracoastal Waterway Access, Marina Access, Boat Port, Bridges - No Fixed Bridges, Lift, Riprap, Sailboat Water, Skiing Allowed
- Body of water: LITTLE SARASOTA BAY
Lot
- Size: 6.31 Acres
- Residential vegetation: Mature Landscaping, Trees/Landscaped
Details
- Additional structures: Outdoor Kitchen, Tennis Court(s)
- Parcel number: 0129081023
- Zoning: RMF1
- Special conditions: None
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Concrete, Stucco
- Foundation: Slab
- Roof: Built-Up
Condition
- Completed
- New construction: No
- Year built: 1979
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: BB/HS Internet Available, Cable Connected, Electricity Connected, Fiber Optics, Fire Hydrant, Phone Available, Public, Sewer Connected, Street Lights, Water Connected
Community & HOA
Community
- Features: Bay/Harbor Front, Boat Slip, Dock, Fishing, Gulf/Ocean Front, Intracoastal Waterway, Marina, Water Access, Waterfront, Association Recreation - Owned, Buyer Approval Required, Clubhouse, Community Mailbox, Fitness Center, Pool, Restaurant, Sidewalks, Tennis Court(s)
- Security: Smoke Detector(s)
- Subdivision: ISLAND REEF II PH 1 2 & 3
HOA
- Has HOA: No
- Amenities included: Clubhouse, Elevator(s), Fitness Center, Maintenance, Pickleball Court(s), Pool, Recreation Facilities, Security, Shuffleboard Court, Spa/Hot Tub, Tennis Court(s)
- Services included: Community Pool, Reserve Fund, Insurance, Maintenance Structure, Maintenance Grounds, Manager, Pest Control, Security, Sewer
- HOA fee: $1,000 monthly
- Pet fee: $0 monthly
Location
- Region: Sarasota
Financial & listing details
- Price per square foot: $476/sqft
- Tax assessed value: $455,900
- Annual tax amount: $5,739
- Date on market: 11/22/2025
- Cumulative days on market: 60 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Ownership: Condominium
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Asphalt
Estimated market value
$579,500
$551,000 - $608,000
$4,129/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/22/2025 | Listed for sale | $620,000-8.8%$476/sqft |
Source:  Stellar MLS #A4673053 Report a problem | ||
| 7/27/2025 | Listing removed | $680,000$522/sqft |
Source: Stellar MLS #A4644284 Report a problem | ||
| 4/6/2025 | Price change | $680,000-6.2%$522/sqft |
Source: Stellar MLS #A4644284 Report a problem | ||
| 3/12/2025 | Listed for sale | $725,000+105.4%$556/sqft |
Source: Stellar MLS #A4644284 Report a problem | ||
| 5/8/2013 | Sold | $353,000-6.9%$271/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $455,900 +4.9% |
| 2024 | $5,740 -2.5% | $434,572 +10% |
| 2023 | $5,888 +9.9% | $395,065 +10% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$4,810/mo
Principal & interest
$2937
HOA Fees
$1000
Other costs
$873
Climate risks
Neighborhood: 34242
Nearby schools
GreatSchools rating
- 9/10Phillippi Shores Elementary SchoolGrades: PK-5Distance: 4.4 mi
- 6/10Brookside Middle SchoolGrades: 6-8Distance: 5.4 mi
- 5/10Sarasota High SchoolGrades: 9-12Distance: 7.1 mi
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