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$620,000
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Property Description
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.
Full Property Details
Full Property Details for 8767 Midnight Pass Rd #403F
General
- Price: $620,000
- HOA FEE: $1,000/month
- HOA FEE FREQ.: Quarterly
- Taxes: $5,739 (2024)
- Status: Active
- Type: Condo
- Source: MidFloridaRegionalMLS
- MLS ID: A4673053
- Updated: 11/22/2025
- Added to Site: 56 day(s) ago
Rental Information
- Min. Lease: 1 Month
Interior
- Number of Rooms: 4
- Interior 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)
- Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
- Furnishings: Furnished
- Flooring: Carpet, Tile
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Other Rooms
- Laundry: Inside, Laundry Closet
Additional Information
- Shared Amenities: Clubhouse, Elevator(s), Fitness Center, Maintenance, Pickleball Court(s), Pool, Recreation Facilities, Security, Shuffleboard Court, Spa/Hot Tub, Tennis Court(s)
- Pool: Yes
- Private Pool: Yes
- Pool Description: Gunite, Heated, In Ground
- Spa: Yes
- Spa Description: Heated, In Ground
- Security/Safety: Smoke Detector(s)
Exterior
- Exterior Features: Balcony, Irrigation System, Lighting, Outdoor Grill, Outdoor Shower, Private Mailbox, Rain Gutters, Sliding Doors, Tennis Court(s)
- Deck/Patio: Enclosed, Rear Porch, Screened, Wrap Around
- Porch/Patio/Deck: Enclosed, Rear Porch, Screened, Wrap Around
Parking
- Carports: Yes
- Carport: 1
- Carport Spaces: 1
- Covered Spaces: 1
- Parking Features: Covered, Guest
Location
- Area: 34242 - Sarasota/Crescent Beach/Siesta Key
- County: Sarasota
- Development Name: 34242 - Sarasota/Crescent Beach/Siesta Key
- Subdivision: ISLAND REEF II PH 1 2 & 3
- Driving Directions: South on Midnight Pass Road. Turn east towards the bayside into the Island Reef community, turn left to go to the "F" Building and park in carport #403F. Lockboxes are located near the mailboxes beside the elevator.
- Direction Faces: North
Community
- Community Name: 34242 - Sarasota/Crescent Beach/Siesta Key
- 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)
- Optional Amenities: Clubhouse, Elevator(s), Fitness Center, Maintenance, Pickleball Court(s), Pool, Recreation Facilities, Secu
- Assoc. Fees Include: Community Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Manager, Pest Control, Security, Sewer
- Number of Pets: 1
- 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., / 30lbs.
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water District: LITTLE SARASOTA BAY
- Water: Public
- Utility Description: BB/HS Internet Available, Cable Connected, Electricity Connected, Fiber Optics, Fire Hydrant, Phone Available, Public, Sewer Connected, Street Lights, Water Connected
Structural Information
- Exterior Const.: Concrete, Stucco
- Roof: Built-Up
- Windows: Blinds, Drapes, Tinted Windows
- Stories/Levels: One
- Square Feet: 1,303
- Sq. Ft. Source: Public Records
- Year Built: 1979
Additional Structures
- Other Structures: Outdoor Kitchen, Tennis Court(s)
Lot Features
- Property View: Water
- Lot Size (Acres): 6.31
- Lot Size (Sq. Ft.): 274,901
- Lot Size: 6.3109
- Street/Road Desc.: Asphalt
Water Features
- Water Front: Yes
- Water View: Yes
- Water Access: Yes
- Water Access Desc: Bay/Harbor, Intracoastal Waterway, Marina
- Water Extras: Yes
- Water Front Name: LITTLE SARASOTA BAY
- Water Front Desc.: Bay/Harbor Front, Gulf/Ocean Front, Waterfront, Bay/Harbor, Beach, Gulf/Ocean to Bay, Intracoastal Waterway, Marina
Financial Considerations
- Condo Fee: $3,000
- Condo Fee Freq: Quarterly
- Tax Amount: $5,739.59
- Tax Year: 2024
Disclosures and Reports
- Ownership: Condominium
- Special Conditions: None
- Legal Description: UNIT 403-F ISLAND REEF SECTION 2
- Flood Zone Info: AE
- APN: 129081023
- Property ID: 129081023
Listed by Oceans Global Realty, Llc
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Schools
Schools serving 8767 Midnight Pass Rd #403F
School District:Sarasota County School District
| Name | Grades | Distance |
|---|---|---|
Phillippi Shores Elementary School 4747 South Tamiami Trail, Sarasota, FL 34231 | PK-5 | 4.4 mi |
Brookside Middle School 3636 South Shade Avenue, Sarasota, FL 34239 | 6-8 | 5.4 mi |
Sarasota High School 2155 Bahia Vista Street, Sarasota, FL 34239 | 9-12 | 7.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 8767 Midnight Pass Rd #403F
Date
Details
Price
Change
Source
11/22/2025
Listed
$620,000
75.64%
MLS
5/08/2013
Sold
$353,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 8767 Midnight Pass Rd #403F
Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,740
-3%
$461,700
-12%
2023
$5,888
33%
$524,800
61%
2021
$4,414
-18%
$326,500
-30%
2022
$5,358
21%
$468,600
51%
2021
$4,414
-7%
$310,400
-11%
2019
$4,725
—
$349,200
—
2018
$4,730
-2%
$350,600
—
2017
$4,807
-2%
$350,600
—
2016
$4,908
2%
$350,600
5%
2015
$4,809
—
$333,900
—
2014
$4,831
16%
$333,900
19%
2013
$4,181
—
$280,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 8767 Midnight Pass Rd #403F
8767 Midnight Pass Road #403F, Sarasota, FL 34242 (MLS# A4673053) is a Condo property with 2 bedrooms and 2 full bathrooms. 8767 Midnight Pass Road #403F is currently listed for $620,000 and was received on November 22, 2025. Want to learn more about 8767 Midnight Pass Road #403F? Do you have questions about finding other Condo real estate for sale in Sarasota? You can browse all Sarasota real estate or contact a Coldwell Banker agent to request more information.

