8767 Midnight Pass Rd Unit 101F, Sarasota, FL 34242
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About this home
$50,000 Price Improvement — Now One of the Best Values on Siesta Key. At $535,000, this 1,700+ sq ft Island Reef condo is priced in line with nearby 1,300 sq ft units—creating a rare opportunity to own significantly more space without paying a premium. Located on the quieter south end of Siesta Key, this ground-floor residence overlooks Little Sarasota Bay and offers the kind of easy, coastal living that’s increasingly hard to find. The split-bedroom layout features two en suite bedrooms positioned on opposite sides of the condo, plus a half bath and a flexible space ideal for a small home office. Inside, the scale of the home stands out immediately—a massive living area, separate dining room, and an enclosed Florida room that captures peaceful bay and Intracoastal views. Natural light fills the space from morning through mid-day, while ceramic tile flooring throughout keeps maintenance simple and practical. The kitchen is equipped with butcher block countertops, abundant cabinetry, and a full-size layout that supports everyday living or extended stays. A full laundry room with standard-size washer and dryer adds to the convenience. What truly sets this unit apart is its ground-floor accessibility, generous square footage, and a strong track record of staying dry during past storms—an increasingly important consideration for waterfront buyers. Island Reef is a well-maintained, financially sound Gulf-to-Bay community with no upcoming assessments and on-site management. Residents enjoy deeded beach access just a short walk away, along with bayfront boat docks (with lift options), two heated pools, tennis and pickleball courts, fitness center, clubhouse, and an active social calendar. The free Siesta Key trolley stops right in front of the community, providing easy access to Siesta Village, dining, shopping, Turtle Beach, and nearby marinas. Offered turnkey furnished, this is a compelling opportunity for full-time living or seasonal enjoyment—especially for buyers who recognize value when they see it. Schedule your private showing today.
The RMF Districts permit multifamily residential densities, which may take the form of a variety of housing types, including single-family detached, lot line, traditional, patio, villa, atrium, duplex, townhouse, multiplex, or apartment units. These districts are used in areas having convenient access to both collector and arterial streets, and nearby civic and commercial uses, as well as employment opportunities; The RMF Districts are generally used to implement the Comprehensive Plan within those areas shown as Medium Density Residential, High Density Residential, Office Multifamily Residential Areas and Corridors, and Town and Village Centers on the Future Land Use Map, on the Barrier Islands where the application of the district would not increase the density of development or hamper hurricane evacuation planning and disaster mitigation efforts, and Developments of Regional Impact. The RMF Districts, while not a primary implementing district, may also be allowed in Regional, Community, Village I, Village II, and Neighborhood Commercial Centers. Appropriate densities within the Medium Density and High Density Residential areas shall be guided by the density ranges as outlined in Future Land Use Policy 1.1.1, Objective 2.3, and Policy 2.3.1 of the Comprehensive Plan. These densities shall also be determined, in part, by the land use designations and developed residential areas surrounding the parcel.
Waterfront Features: Bay/Harbor, Gulf/Ocean to Bay, Intracoastal Waterway
Water Body Name: LITTLE SARASOTA BAY
Waterfront Feet Total: 1710
Water Frontage Feet Bay Harbor: 100
Water Frontage Feet ICW: 1000
Water Frontage Feet Marina: 100
Water Frontage Feet Ocean 2 Bay: 255
Water View Y/N: 1
Water View Description: Bay/Harbor - Partial,Intracoastal Waterway,Marina
Water Access Y/N: 1
Water Access Description: Bay/Harbor,Intracoastal Waterway,Marina
Water Extras Y/N: 1
Water Extras Description: Boat Port,Bridges - No Fixed Bridges,Lift,Riprap,Sailboat Water,Skiing Allowed
Property Information
CDD Y/N: 0
Homestead Y/N: 0
Other Equipment: Irrigation Equipment
Property Type: Residential
Property Sub Type: Condominium
Property Condition: Completed
Zoning: RMF1
Land Information
Vegetation: Mature Landscaping
Lot Information
Lot Size Acres: 6.31
Road Surface Type: Asphalt
Road Responsibility: Private Maintained Road
Lot Size Square Meters: 25539
Building Information
MFR_BuildingAreaTotalSrchSqM: 183.30
MFR_BuildingNameNumber: F
Financial
Tax Information
Tax Annual Amount: $9,387.75
Tax Year: 2025
Lease / Rent Details
Lease Restrictions YN: 1
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Fire Hydrant, Phone Available, Public, Sewer Connected, Sprinkler Recycled, Water Connected
Location
Multi-Family Financial Information
Total Annual Fees: $12,400
Total Monthly Fees: $1,033.33
Multi-Unit Information
Unit Number YN: 0
Furnished: Yes
HOA Information
Association Name: Joy Stevanovich
Has HOA
MFR_Association2YN: 0
Montly Maintenance Amount In Addition To HOA Dues: 0
Association Fee Requirement: Required
Association Approval Required Y/N: 1
Association Fee Frequency: Quarterly
Association Fee Includes: Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Maintenance, Management, Pest Control, Private Road, Recreational Facilities, Security, Sewer
Location Information
Directions: South on Midnight Pass Road. Turn east (bayside) into Island Reef and left around the tennis courts to "F" building.
Condo Information
Floor Number: 1
Monthly Condo Fee Amount: 1033
Condo Land Included Y/N: 0
Condo Fees Term: Quarterly
Condo Fees: 3100
Community Information
Community Features: Association Recreation - Owned, Buyer Approval Required, Clubhouse, Community Mailbox, Fitness Center, Pool, Sidewalks, Tennis Court(s)
Pets Allowed: Cats OK, Dogs OK, Number Limit, Size Limit
Max Pet Weight: 30
Management: On Site Property Manager
Public facts
Beds: 2
Baths: 2.5
Sq. Ft.: 1,768
Stories: 1.0
Lot Size: —
Style: Condo/Co-op
Year Built: 1979
Year Renovated: 2008
County: Sarasota County
APN: 0129081001
Home facts updated by county records on Jul 10, 2026