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For sale
    • Price cut: $30K (2/9)
    $590,000

    8767 Midnight Pass Rd APT 403F, Sarasota, FL 34242

    2beds
    1,303sqft
    : 
    Condominium
    Built in 1979
    -- sqft lot
    $560,600 Zestimate®
    $453/sqft
    $1,000/mo HOA

    What's special

    Granite countertopsLarge private gulf beachTwo heated poolsTennis and pickleball courtsModern kitchenCrisp white cabinetryGrilling patios
    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.
    115 days
    |
    494
    |
    14
    |

    Zillow last checked: 7 hours ago

    Listing updated: February 27, 2026 at 07:29am

    Listing Provided by:

    John Brink 941-928-5555,

    BRIGHT REALTY 941-552-6036

    Source: Stellar MLS,MLS#: A4673053MLS LogoOriginating 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
      • 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: $453/sqft
      • Tax assessed value: $455,900
      • Annual tax amount: $5,739
      • Date on market: 11/22/2025
      • Cumulative days on market: 115 days
      • 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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        Estimated market value

        $560,600

        $533,000 - $589,000

        $4,129/mo

        Price history

        Price history
        DateEventPrice
        2/9/2026Price change$590,000-4.8%$453/sqft
        Source: Stellar MLS #A4673053 Report a problem
        11/22/2025Listed for sale$620,000-8.8%$476/sqft
        Source: Stellar MLS #A4673053 Report a problem
        7/27/2025Listing removed$680,000$522/sqft
        Source: Stellar MLS #A4644284 Report a problem
        4/6/2025Price change$680,000-6.2%$522/sqft
        Source: Stellar MLS #A4644284 Report a problem
        3/12/2025Listed for sale$725,000+105.4%$556/sqft
        Source: Stellar MLS #A4644284 Report a problem
        5/8/2013Sold$353,000-6.9%$271/sqft
        Source: Public Record Report a problem
        12/29/2012Listed for sale$379,000$291/sqft
        Source: Signature Sotheby's International Realty #A3970723 Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2025-- $455,900 +4.9%
        2024$5,740 -2.5%$434,572 +10%
        2023$5,888 +9.9%$395,065 +10%
        2022$5,358 +21.4%$359,150 +10%
        2021$4,414 +2.9%$326,500 +5.2%
        2020$4,287 -9.3%$310,400 -11.1%
        2019$4,725 $349,200 -0.4%
        2018$4,725 -0.1%$350,600
        2017$4,730 -1.7%$350,600
        2016$4,809 $350,600 +5%
        2015$4,809 $333,900 +18.9%
        2014$4,809 +15%$280,800
        2013$4,181 +55%$280,800 +34.2%
        2012$2,698 +4.7%$209,292 +3%
        2011$2,576 -1%$203,196 +1.5%
        2010$2,602 +10%$200,193 +2.7%
        2009$2,367 $194,930 +0.1%
        2008$2,367 -3.3%$194,735 +3%
        2007$2,447 $189,063 +2.5%
        2006-- $184,452 +3%
        2005-- $179,080 +3%
        2004$2,527 -0.9%$173,864 +1.9%
        2003$2,550 +2.3%$170,622 +2.4%
        2002$2,491 +8.9%$166,623 +1.6%
        2001$2,287 +3.3%$163,999 +3%
        2000$2,215 $159,222

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $4,535/mo
        Principal & interest
        $2911
        HOA Fees
        $1000
        Property taxes
        $624
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          Climate risks

          Neighborhood: 34242

          Getting around

          20 / 100
          Car-Dependent
          0 / 100
          No Nearby Transit
          39 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

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