8767 Midnight Pass Rd Unit 403F, Sarasota, FL 34242
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About this home
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.
Property Description: Mid Rise
CondoProperty Type
1979Year Built
$437Price/Sq.Ft.
$1,000/moHOA Dues
1 spaceParking
Listed by John Brink• BRIGHT REALTY
Contact: 941-552-6036
Bought with Betsy de Manio• COLDWELL BANKER REALTY
Bought with Jackie de Manio Eberley• COLDWELL BANKER REALTY
Est. $2,162 per month, based on comparable rentals
Sale and tax history for 8767 Midnight Pass Rd Unit 403F
Sale History
Tax History
Date
Event
Price
Stellar MLS as Distributed by MLS Grid #A4673053
May 1, 2026
Sold
$570,000
$437/sq ft
Mar 26, 2026
Pending
—
Feb 9, 2026
Price Changed
$590,000
$453/sq ft
Nov 22, 2025
Listed
$620,000
$476/sq ft
Stellar MLS as Distributed by MLS Grid #A4644284
Jul 27, 2025
Listing Removed
—
Stellar MLS as Distributed by MLS Grid #A3970723
May 8, 2013
Sold
$353,000
$271/sq ft
Dec 28, 2012
Listed
$379,000
$291/sq ft
Enjoy resort style living on south end of Siesta Key, great views of inter coastal waterway from this 4th floor unit. Nicely maintained and ready for your own personal touches and updates. Island Reef offers tennis, 3 pools, club house, exercise room andan easy stroll to Gulf.
Property Description
Corner Unit, Mid Rise
Public Records
Apr 7, 1992
Sold
$180,000
$138/sq ft
Public Records
May 11, 1988
Sold
$141,500
$109/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$5,855 (+2.0%)
$455,900
2024
$5,740 (−2.5%)
2023
$5,888 (+9.9%)
2022
$5,358 (+21.4%)
2021
$4,414 (+2.9%)
$326,500
2020
$4,287 (−9.3%)
$310,400
2019
$4,725
$349,200
2018
$4,730 (−1.6%)
$350,600
2017
$4,807 (−2.0%)
$350,600
2016
$4,907 (+2.0%)
$350,600
2015
$4,809 (−0.5%)
$333,900
2014
$4,831 (+15.5%)
2013
$4,181 (+55.0%)
2012
$2,698
Public record
Public record
Zoning
Beds
2
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
—
Year renovated
2000
Sq. Ft.
1,303
Year built
1979
Style
Condo/Co-op
County
Sarasota County
APN
0129081023
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 10, 2026.
RMF-1
SKOD
Multi-Family District
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: 1968
Water Frontage Feet Bay Harbor: 100
Water Frontage Feet Gulf Ocean: 256
Water Frontage Feet ICW: 1000
Water Frontage Feet Marina: 100
Water Frontage Feet Ocean 2 Bay: 256
Water View Y/N: 1
Water View Description: Bay/Harbor - Full,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, Intercom
Property Type: Residential
Property Sub Type: Condominium
Property Condition: Completed
Attached Property
Other Structures: Outdoor Kitchen, Tennis Court(s)
Zoning: RMF1
Land Information
Vegetation: Mature Landscaping, Trees/Landscaped
Total Acreage: Non-Applicable
Lot Information
Lot Size Acres: 0
Road Surface Type: Asphalt
Road Responsibility: Private Maintained Road
Lot Size Square Meters: 0
Building Information
MFR_BuildingAreaTotalSrchSqM: 128.48
MFR_BuildingNameNumber: F
Financial
Tax Information
Tax Annual Amount: $5,739.59
Tax Year: 2024
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, Fiber Optics, Fire Hydrant, Phone Available, Public, Sewer Connected, Water Connected
Additional Water Information: Beach to Bay Community. Please verify the length of beach, bay and marina. Private resort style beach and bayside access included with assignable boat docks that allow boat lifts to be installed.
Location
Multi-Family Financial Information
Total Annual Fees: $12,000
Total Monthly Fees: $1,000
Multi-Unit Information
Unit Number YN: 0
Furnished: Yes
HOA Information
MFR_Association2YN: 0
Montly Maintenance Amount In Addition To HOA Dues: 0
Association Approval Required Y/N: 1
Association Amenities: Clubhouse, Fitness Center, Maintenance, Pickleball Court(s), Pool, Recreation Facilities, Security, Shuffleboard Court, Spa/Hot Tub, Tennis Court(s)
Association Fee Includes: Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Management, Pest Control, Security, Sewer
Location Information
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.
Condo Information
Floor Number: 4
Monthly Condo Fee Amount: 1000
Condo Land Included Y/N: 1
Condo Fees Term: Quarterly
Condo Fees: 3000
Community Information
Community Features: Association Recreation - Owned, Buyer Approval Required, Clubhouse, Community Mailbox, Fitness Center, Pool, Sidewalks, Tennis Court(s), Street Lights
Pets Allowed: Yes
Max Pet Weight: 30
Public facts
Beds: 2
Baths: 2.0
Sq. Ft.: 1,303
Stories: 1.0
Lot Size: —
Style: Condo/Co-op
Year Built: 1979
Year Renovated: 2000
County: Sarasota County
APN: 0129081023
Home facts updated by county records on Jul 10, 2026