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Sold for $564,000
    • $564,000

    8767 MIDNIGHT PASS ROAD #505F, SARASOTA, FL 34242

    2beds
    1,421sqft
    Condominium
    Built in 1979
    -- sqft lot
    $562,100 Zestimate®
    $397/sqft
    $3,404 Estimated rent

    Home value

    $562,100

    $517,000 - $613,000

    $3,404/mo

    Zestimate® history
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    What's special

    Boat docksDeeded private beach accessFresh coastal charmNew paintTwo heated poolsStylish beach-inspired furnishingsTennis and pickleball courts
    Escape to your own slice of coastal bliss at Island Reef, a premier Gulf-to-Bay resort-style haven tucked along the serene southern shores of Siesta Key. This inviting condo delivers the perfect blend of relaxed beach living and effortless convenience, whether you're dreaming of a sun-soaked family vacation, a peaceful getaway, or an easy-care rental retreat. Picture stepping out to pristine sands just a short, enjoyable stroll away—your deeded private beach access means soft white Gulf shores and turquoise waters are right at your fingertips, no car required. For even more adventure, the free Siesta Key trolley pulls up every 15–20 minutes directly at the community entrance, whisking you north to the world-famous powdery dunes of Siesta Beach, charming Siesta Village shops and eateries, Turtle Beach Park, or the nearby marina—making exploration fun, car-free, and breezy. From your vantage point, witness breathtaking dawns painting the sky in soft pinks and golds over the bay, and evenings that transform into pure enchantment with vibrant sunsets igniting the horizon in fiery hues. For an extra touch of wonder, step onto the lanai under the moonlight to watch the waterway come alive—silver game fish leaping playfully through shimmering, star-kissed waters that sparkle like scattered diamonds in the night. Inside, this turnkey gem welcomes you with fresh coastal charm: bright, airy spaces refreshed with new paint, stylish beach-inspired furnishings, and easy-maintenance flooring that keeps things light and carefree. The open layout flows seamlessly from a well-equipped kitchen to cozy living and dining areas, while split bedrooms offer privacy and comfort for families or guests. Enjoy morning coffee on the enclosed lanai with sweeping bay views, where gentle breezes and passing boats create that ultimate island vibe. Resort perks abound to elevate every day—lounge by not one but two heated pools, join a water aerobics session, or stay active on tennis and pickleball courts. Unwind in the fitness center, game room, library, or clubhouse (perfect for gatherings), and take advantage of shuffleboard, grilling spots, boat docks, kayak storage, and a lively social calendar. Pet-friendly touches and on-site management add extra ease. Whether you're seeking full-time paradise, seasonal escapes, or a hassle-free rental opportunity, this South Siesta Key treasure captures the essence of laid-back Florida living. Move right in, soak up the salt air, and let the trolley and nearby beach paths handle the rest—your coastal dream awaits at an unbeatable value! "Abundant storage throughout, with ample closet space, multiple built-ins, and additional built-in cabinetry"

    Zillow last checked:

    Listing updated:

    Listed by:

    Kaitlin Kuhn 941-400-7861,

    MICHAEL SAUNDERS & COMPANY 941-349-3444

    Bought with:

    Sandy Whitehead, PA, 0324715

    ALLEN REAL ESTATE SERVICES INC

    Source: Stellar MLS,MLS#: A4686097MLS LogoOriginating MLS: Sarasota - Manatee

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Rooms
    • Room types: Utility Room
    Primary bedroom
    • Features: Built-in Closet
    • Level: First
    • Area: 195 Square Feet
    • Dimensions: 13x15
    Bedroom 2
    • Features: Built-in Closet
    • Level: First
    • Area: 154 Square Feet
    • Dimensions: 11x14
    Balcony porch lanai
    • Level: First
    • Area: 98 Square Feet
    • Dimensions: 7x14
    Dining room
    • Level: First
    • Area: 144 Square Feet
    • Dimensions: 12x12
    Kitchen
    • Level: First
    • Area: 132 Square Feet
    • Dimensions: 6x22
    Living room
    • Level: First
    • Area: 216 Square Feet
    • Dimensions: 12x18
    Heating
    • Central, Electric
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
    • Laundry: In Kitchen
    Features
    • Ceiling Fan(s), Elevator, Primary Bedroom Main Floor, Solid Surface Counters, Walk-In Closet(s)
    • Flooring: Tile, Vinyl
    • Doors: Outdoor Grill
    • Windows: Window Treatments
    • Has fireplace: No
    • Furnished: Yes
    Interior area
    • Total structure area: 1,421
    • Total interior livable area: 1,421 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Assigned, Guest
    • Carport spaces: 1
    Features
    • Levels: One
    • Stories: 1
    • Exterior features: Courtyard, Irrigation System, Lighting, Outdoor Grill, Rain Gutters, Sidewalk, Tennis Court(s)
    • Pool features: Heated, In Ground
    • Has view: Yes
    • View description: Intracoastal Waterway
    • Has water view: Yes
    • Water view: Intracoastal Waterway
    • Waterfront features: Waterfront, Intracoastal Waterway, Gulf/Ocean Access, Gulf/Ocean to Bay Access, Intracoastal Waterway Access
    • Body of water: INTRACOASTAL WATERWAY
    Details
    • Parcel number: 0129081032
    • Zoning: RMF1
    • Special conditions: None

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium
    • Attached to another structure: Yes
    Materials
    • Block, Stucco
    • Foundation: Block, Stem Wall
    • Roof: Built-Up
    Condition
    • New construction: No
    • Year built: 1979

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Public

    Community & HOA

    Community
    • Features: Fishing, Intracoastal Waterway, Waterfront, Association Recreation - Owned, Buyer Approval Required, Clubhouse, Community Mailbox, Deed Restrictions, Fitness Center, No Truck/RV/Motorcycle Parking, Pool, Sidewalks, Special Community Restrictions, Tennis Court(s)
    • Security: Fire Sprinkler System, Security Lights, Smoke Detector(s)
    • Pet fee: $0 monthly
    • Subdivision: ISLAND REEF II PH 1 2 & 3
    HOA
    • Has HOA: Yes
    • Amenities included: Cable TV, Clubhouse, Elevator(s), Fitness Center, Laundry, Lobby Key Required, Maintenance, Pool, Recreation Facilities, Security, Tennis Court(s), Vehicle Restrictions
    • Services included: Cable TV, Common Area Taxes, Community Pool, Reserve Fund, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Maintenance Repairs, Manager, Pest Control, Pool Maintenance, Private Road, Recreational Facilities, Sewer, Trash, Water
    • HOA fee: $1,033 monthly
    • HOA name: Island Reef Owners Association- Joy Stevanovich
    • HOA phone: 941-349-2844
    Location
    • Region: Sarasota

    Financial & listing details

    • Price per square foot: $397/sqft
    • Tax assessed value: $486,300
    • Annual tax amount: $6,205
    • Date on market: 4/15/2026
    • Cumulative days on market: 48 days
    • Listing terms: Cash,Conventional
    • Ownership: Condominium
    • Total actual rent: 0
    • Road surface type: Paved

    Price history

    DateEventPrice
    7/1/2026Sold$564,000-6%$397/sqft
    Source: Stellar MLS #A4686097 Report a problem
    6/2/2026Pending sale$600,000$422/sqft
    Source: Stellar MLS #A4686097 Report a problem
    4/15/2026Listed for sale$600,000-3.2%$422/sqft
    Source: Stellar MLS #A4686097 Report a problem
    5/7/2025Listing removed$620,000$436/sqft
    Source: Stellar MLS #A4639284 Report a problem
    3/11/2025Price change$620,000-6.8%$436/sqft
    Source: Stellar MLS #A4639284 Report a problem
    2/6/2025Listed for sale$665,000-1.5%$468/sqft
    Source: Stellar MLS #A4639284 Report a problem
    1/14/2025Listing removed$675,000$475/sqft
    Source: Stellar MLS #A4607070 Report a problem
    12/6/2024Listed for sale$675,000-1.5%$475/sqft
    Source: Stellar MLS #A4607070 Report a problem
    11/17/2024Listing removed$685,000$482/sqft
    Source: Stellar MLS #A4607070 Report a problem
    10/20/2024Listed for sale$685,000$482/sqft
    Source: Stellar MLS #A4607070 Report a problem
    10/6/2024Listing removed$685,000$482/sqft
    Source: Stellar MLS #A4607070 Report a problem
    5/8/2024Price change$685,000-2.1%$482/sqft
    Source: Stellar MLS #A4607070 Report a problem
    4/19/2024Price change$700,000+0%$493/sqft
    Source: Stellar MLS #A4607070 Report a problem
    2/21/2024Price change$699,900-2.7%$493/sqft
    Source: Stellar MLS #A4597939 Report a problem
    2/2/2024Listed for sale$719,000+53%$506/sqft
    Source: Stellar MLS #A4597939 Report a problem
    1/25/2019Sold$470,000-3.1%$331/sqft
    Source: Stellar MLS #A4410380 Report a problem
    8/11/2018Listed for sale$485,000+148.7%$341/sqft
    Source: SARASOTA BAY REAL ESTATE P.A. #A4410380 Report a problem
    10/1/1996Sold$195,000$137/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$6,205 +44.7%$486,300 +35.3%
    2024$4,287 +3.9%$359,553 +3%
    2023$4,127 +3.1%$349,081 +3%
    2022$4,005 +0.1%$338,914 +3%
    2021$4,002 -0.3%$329,043 +1.4%
    2020$4,014 -18.4%$324,500 -11%
    2019$4,917 $364,600 +53.1%
    2018$4,917 +70.7%$238,186 +2.1%
    2017$2,880 -1.3%$233,287 -35.1%
    2016$2,916 $359,400 +5%
    2015$2,916 +0.4%$342,300 +54.3%
    2014$2,904 +0.1%$221,773
    2013$2,901 +2.8%$221,773 +1.7%
    2012$2,823 +4.7%$218,066 +3%
    2011$2,695 -1%$211,715 +1.5%
    2010$2,723 +10%$208,586 +2.7%
    2009$2,476 $203,102 +0.1%
    2008$2,476 -3%$202,899 +3%
    2007$2,554 $196,989 +2.5%
    2006-- $192,184 +3%
    2005-- $186,586 +3%
    2004$2,641 -0.9%$181,151 +1.9%
    2003$2,666 +2.4%$177,773 +2.4%
    2002$2,603 +8.9%$173,606 +1.6%
    2001$2,391 +3.2%$170,872 +3%
    2000$2,316 $165,895
    Find assessor info on the county website

    Neighborhood: 34242

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    Estimated market value
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