8767 Midnight Pass Road Unit 403F
SARASOTA, FL 34242
- 2 beds
- 2 baths
- 1,303 sqft
- ~6 acre lot
- $556 per sqft
- 1979 build
- – on site
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 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. MIC DROP…Schedule your private showing today!
Last checked:
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Last updated Mar 13, 2025
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MLS# A4644284 —
The Building
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Year Built:1979
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New Construction:false
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Construction Materials:Concrete
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Building Elevator:true
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Levels:One
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Stories Total:5
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Roof:Built-Up
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Foundation Details:Slab
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Window Features:Blinds
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Patio And Porch Features:Enclosed
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Security Features:Smoke Detector(s)
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Floor Number:4
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Unit Number:403F
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Building Area Total:1383
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Building Area Units:Square Feet
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Building Area Source:Estimated
Interior
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Interior Features:Ceiling Fan(s)
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Furnished:Furnished
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Flooring:Carpet
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Additional Rooms:Inside Utility
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Fireplace:false
Room Dimensions
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Living Area:1303
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Living Area Units:Square Feet
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Living Area Source:Public Records
Location
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Directions:South on Midnight Pass Road (south of Stickney Point) to Island Reef. Bayside condo. Turn Left into driveway then immediate Left to last building on the bayside waterfront. Guest parking our park in space marked for #403 in front of first building (Building F). Lockbox hanging behind Lobby Entrance near resident mailboxes.
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Latitude:27.222319
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Longitude:-82.514693
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Coordinates:-82.514693, 27.222319
The Property
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Parcel Number:0129081023
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Property Type:Residential
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Property Subtype:Condominium
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Property Condition:Completed
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Property Attached:true
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Lot Size Acres:6.31
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Lot Size Area:6.3109
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Lot Size SqFt:274901
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Lot Size Units:Acres
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Total Acres:5 to less than 10
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Zoning:RMF1
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Direction Faces:North
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View:Water
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View:true
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Exterior Features:Balcony
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Vegetation:Mature Landscaping
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Water Source:Public
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Road Responsibility:Private Maintained Road
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Road Surface Type:Asphalt
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Flood Zone Code:AE
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Additional Parcels:false
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Homestead:false
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Lease Restrictions:true
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (941) 928-5555
- Office phone:
- (941) 444-5444
Taxes
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Tax Year:2024
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Tax Lot:1
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Tax Legal Description:UNIT 403-F ISLAND REEF SECTION 2
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Tax Book Number:11-34
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Tax Annual Amount:5739.59
Beds
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Bedrooms Total:2
Baths
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Total Baths:2
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Total Baths:2
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Full Baths:2
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Heating:Central
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Heating:true
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Cooling:Central Air
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Cooling:true
Utilities
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Utilities:BB/HS Internet Available
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Sewer:Public Sewer
Appliances
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Appliances:Dishwasher
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Laundry Features:Inside
The Community
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Subdivision Name:ISLAND REEF II PH 1 2 & 3
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Senior Community:false
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Community Features:Bay/Harbor Front
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Waterview:Bay/Harbor - Full
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Waterview:true
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Water Access:Bay/Harbor
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Water Access:true
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Water Extras:Boat Port
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Water Body Name:Little Sarasota Bay
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Waterfront:true
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Waterfront Features:Bay/Harbor Front
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Spa:true
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Spa Features:Heated
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Pool Private:true
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Pool Features:Gunite
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Pets Allowed:Yes
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Pet Restrictions:One dog only, which at maturity weighs less than 30 pounds, or one cat only is permitted per unit. This includes dogs belonging to guests visiting at Island Reef.
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# of Pets:1
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Max Pet Weight:30
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Association Amenities:Clubhouse
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Association:false
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Association Fee Includes:Community Pool
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Condo Fees:3000
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Condo Fees Term:Quarterly
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Monthly Condo Fee Amount:1000
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Ownership:Condominium
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Association Approval Required:true
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Additional Water Information:Beach to Bay Community. Private resort style beach and bayside access included with assignable boat docks that allow boat lifts to be installed. Turtle Beach Marina is less than 1/8 mile and is a full service marina and has boat storage.
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Waterfront Feet Total:612
Parking
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Garage:false
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Carport:true
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Carport Spaces:1
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Covered Spaces:1
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Parking Features:Covered
Extra Units
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Other Structures:Outdoor Kitchen
Monthly cost estimate

Asking price
$725,000
Expense | Monthly cost |
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Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$3,882
|
Taxes | $478 |
Insurance | $199 |
Utilities | $118 See report |
Total | $4,677/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
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3/12/25
Mar 12, 2025
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Listed / Active | STELLAR_MLS | $725,000 |