LUCRATIVE RENTAL INCOME OPPORTUNITY at this rare BEACH-TO-BAY COMMUNITY. Experience the Best of Siesta Key at Island Reef while your investment pays for itself and puts extra income in the bank. This beautifully renovated 4th-floor condo offers views of Little Sarasota Bay and the Intracoastal Waterway. Move-in ready and tastefully furnished, this unit is perfect for personal enjoyment and / or rental income (MONTHLY RENTALS ALLOWED - SEE ATTACHED INCOME ANALYSIS). The modern kitchen features granite countertops, white cabinetry, and seamlessly integrated clothes washer and dryer. The enclosed lanai, with sliding windows, provides a serene space to relax and take in the picturesque bay views. The spacious owner’s suite includes a generous walk-in closet. There is an additional spacious bedroom with an extra large closet and this unit has as separate owner’s closet to lock away personal belongings when rental guests arrive. Island Reef is a sought-after Gulf-to-Bay community with an array of resort-style amenities, including private beach access, TWO heated pools, tennis and PICKLEBAL courts, a fitness center, clubhouse, grilling patios, shuffleboard, a pool table, video game room, library, and a vibrant social calendar including regular men's and women's golf outings. Boat docks are available on a first-come, first-served basis and the community allows you to INSTALL A BOAT LIFT in your BOAT SLIP. Conveniently located, Island Reef is also just a short walk from three local restaurants, a full service marina with boat storage, boat rentals, and Turtle Beach playground. Plus, the FREE Siesta Key TROLLEY stops right at Island Reef, offering a hassle-free ride to Siesta Beach, Siesta Village, and all the attractions along Midnight Pass Road. Paradise found. ALL SPECIAL ASSESSMENTS ARE PAID. So, what are you waiting for? MIC DROP…Schedule your private showing today!
For sale
Price cut: $45K (4/6)
$680,000
8767 Midnight Pass Rd APT 403F, Sarasota, FL 34242
2beds
1,303sqft
Est.:
Condominium
Built in 1979
-- sqft lot
$638,400 Zestimate®
$522/sqft
$1,000/mo HOA
What's special
Boat docksEnclosed lanaiPrivate beach accessRare beach-to-bay communityGranite countertopsTwo heated poolsModern kitchen
- 47 days
- on Zillow |
- 432 |
- 13 |
Zillow last checked: 7 hours ago
Listing updated: April 27, 2025 at 12:10pm
Listing Provided by:
John Brink 941-928-5555,
OCEANS GLOBAL REALTY, LLC 941-444-5444
Source: Stellar MLS,MLS#: A4644284
Originating MLS: Sarasota - Manatee


Travel times
Tour with a buyer’s agent
Tour with a buyer’s 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
Video & virtual tour
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: $522/sqft
- Tax assessed value: $461,700
- Annual tax amount: $5,739
- Date on market: 3/12/2025
- Listing terms: Cash,Conventional,FHA,VA Loan
- Ownership: Condominium
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Asphalt
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