Under contract-accepting backup offers. 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"
Pending
$600,000
8767 Midnight Pass Rd APT 505F, Sarasota, FL 34242
2beds
1,421sqft
Condominium
Built in 1979
-- sqft lot
$568,500 Zestimate®
$422/sqft
$1,033/mo HOA
What's special
Boat docksDeeded private beach accessFresh coastal charmNew paintTwo heated poolsStylish beach-inspired furnishingsTennis and pickleball courts
- 70 days |
- 266 |
- 9 |
Zillow last checked:
Listing updated:
Listed by:
Kaitlin Kuhn 941-400-7861,
MICHAEL SAUNDERS & COMPANY 941-349-3444
Source: Stellar MLS,MLS#: A4686097
Originating MLS: Sarasota - Manatee
Originating 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: $422/sqft
- Tax assessed value: $486,300
- Annual tax amount: $6,205
- Date on market: 4/15/2026
- Cumulative days on market: 70 days
- Listing terms: Cash,Conventional
- Ownership: Condominium
- Total actual rent: 0
- Road surface type: Paved
Estimated market value
$568,500
$540,000 - $597,000
$4,325/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/2/2026 | Pending sale | $600,000$422/sqft |
Source:  Stellar MLS #A4686097 Report a problem | ||
| 4/15/2026 | Listed for sale | $600,000-3.2%$422/sqft |
Source: Stellar MLS #A4686097 Report a problem | ||
| 5/7/2025 | Listing removed | $620,000$436/sqft |
Source: Stellar MLS #A4639284 Report a problem | ||
| 3/11/2025 | Price change | $620,000-6.8%$436/sqft |
Source: Stellar MLS #A4639284 Report a problem | ||
| 2/6/2025 | Listed for sale | $665,000-1.5%$468/sqft |
Source: Stellar MLS #A4639284 Report a problem | ||
| 1/14/2025 | Listing removed | $675,000$475/sqft |
Source: Stellar MLS #A4607070 Report a problem | ||
| 12/6/2024 | Listed for sale | $675,000-1.5%$475/sqft |
Source: Stellar MLS #A4607070 Report a problem | ||
| 11/17/2024 | Listing removed | $685,000$482/sqft |
Source: Stellar MLS #A4607070 Report a problem | ||
| 10/20/2024 | Listed for sale | $685,000$482/sqft |
Source: Stellar MLS #A4607070 Report a problem | ||
| 10/6/2024 | Listing removed | $685,000$482/sqft |
Source: Stellar MLS #A4607070 Report a problem | ||
| 5/8/2024 | Price change | $685,000-2.1%$482/sqft |
Source: Stellar MLS #A4607070 Report a problem | ||
| 4/19/2024 | Price change | $700,000+0%$493/sqft |
Source: Stellar MLS #A4607070 Report a problem | ||
| 2/21/2024 | Price change | $699,900-2.7%$493/sqft |
Source: Stellar MLS #A4597939 Report a problem | ||
| 2/2/2024 | Listed for sale | $719,000+53%$506/sqft |
Source: Stellar MLS #A4597939 Report a problem | ||
| 1/25/2019 | Sold | $470,000-3.1%$331/sqft |
Source: Stellar MLS #A4410380 Report a problem | ||
| 8/11/2018 | Listed for sale | $485,000+148.7%$341/sqft |
Source: SARASOTA BAY REAL ESTATE P.A. #A4410380 Report a problem | ||
| 10/1/1996 | Sold | $195,000$137/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
Monthly payment
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Payment breakdown
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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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Climate risks
Neighborhood: 34242
Nearby schools
GreatSchools rating
- 9/10Phillippi Shores Elementary SchoolGrades: PK-5Distance: 4.4 mi
- 6/10Brookside Middle SchoolGrades: 6-8Distance: 5.5 mi
- 5/10Sarasota High SchoolGrades: 9-12Distance: 7.1 mi
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- Florida
- Sarasota County
- Siesta Key
- 34242
- 8767 Midnight Pass Rd Apartment 505F
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