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$700,000

8779 MIDNIGHT PASS ROAD UNIT 502H, SARASOTA, FL 34242

3D Tour
Active296 days on market

Beds

2

Baths

2

Sq Ft

1,303 sq ft

Year Built

1980

Lot Size

6.31 acres

Garage

—

About This Property

A rare top floor opportunity in a quiet corner of Island Reef. Stunning views of Little Sarasota Bay and the Gulf from the always-shaded lanai or balcony where sunrises and sunsets are easily visible this time of year. Renovated from top to bottom, this is one of the few units with "Impact Glass" already installed in the lanai. This is a true turn-key opportunity allows you to move in immediately and start enjoying this little corner of paradise. Kitchen features granite countertops, and the unit includes an in-residence laundry. Furnished and complete with a carport! Island Reef is a serene waterfront community, and one of the few Gulf-to-Bay communities that offers many desirable amenities including a beach, boat docks (lifts allowed), two lit tennis courts, pickleball, two fitness rooms, kayak storage, a library, billiards, a game room, a clubhouse, two heated pools and gas grills. Pet friendly! Tropical gardens enhance the appeal of Island Reef and this wonderful community, conveniently located near two of Siesta Key's popular restaurants. A complimentary trolley provides access to Siesta beach, Siesta Village offering dining, shopping, ice cream, mini donuts, cute brunch spots, dancing, and live music every night of the week.

Property Overview

Property TypeResidential
Sub TypeCondominium
MLS #A4673776
StatusActive
Year Built1980
Stories1
Total Rooms5
ConstructionStucco
RoofOther
FoundationOther
FacesEast
SubdivisionISLAND REEF II PH 1 2 & 3
CountySarasota
OwnershipCondominium
FurnishedFurnished

Interior Features

InteriorLiving Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Split Bedroom, Stone Counters, Thermostat, Walk-In Closet(s), Window Treatments
FlooringCarpet, Tile
AppliancesDishwasher, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
LaundryElectric Dryer Hookup, Inside, Washer Hookup
WindowsWindow Treatments
CoolingCentral Air
HeatingCentral, Electric
SecuritySmoke Detector(s)

Exterior & Lot

ExteriorIrrigation System, Lighting, Outdoor Grill, Outdoor Shower, Private Entrance, Sauna, Sidewalk, Sprinkler Metered, Tennis Court(s)
Other StructuresTennis Court(s)
Lot Size6.31 acres (274,901 sq ft)
Lot FeaturesCoastalConstruction Control Line, Flood Insurance Required, FloodZone, In County, Landscaped, Private, Sidewalk
Road SurfaceBrick, Paved
0

Waterfront

WaterfrontYes
FeaturesBay/Harbor Front, Gulf/Ocean Front, Waterfront, Bay/Harbor, Beach

Utilities

WaterPublic
SewerPublic Sewer
UtilitiesBB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Phone Available, Sewer Available, Sewer Connected, Sprinkler Well, Street Lights, Water Available, Water Connected

Parking

GarageNo
CarportYes

HOA & Community

HOAYes
Senior CommunityNo

Financial Details

List Price$700,000
Original Price$750,000
Annual Taxes$5,825 (2024)
FinancingCash, Conventional
ZoningRMF1
Parcel #0129081088

Directions

2.5 miles South of Stickney Point on Midnight Pass. Turn left (EAST) into Island Reef, Turn right and 8779 is the building closest to the bay. Park in 502H parking space.

Location

8779 MIDNIGHT PASS ROAD UNIT 502H, SARASOTA, FL 34242

Listing Information

OfficeMICHAEL SAUNDERS & COMPANY
ListedDecember 12, 2025

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Home Price

$700,000

20% ($140,000)
6.75%

Loan Term

Principal & Interest$3,632
Property Tax (est.)$642
Insurance (est.)$150
Total Monthly$4,424
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How to Buy This Home

Multiple financing options available for this $700,000 home in SARASOTA.

🏦

Conventional

$35,000 Down

Traditional financing. As low as 3-5% down with good credit.

Florida Down Payment Assistance Programs

You may qualify for up to $35,000 in assistance to cover your down payment and closing costs.

Florida Hometown Heroes

Up to $35,000

First-time buyers working in FL

FL Assist

Up to $10,000

FHA, VA, or USDA borrowers

FL HLP Second Mortgage

Up to $10,000

First-time buyers, 0% deferred

Sarasota County SHIP

Varies

Income-qualifying Sarasota residents

Can You Afford This Home?

Quick check based on the 28% debt-to-income rule. Not a guarantee — just a starting point.

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Listing information is deemed reliable but not guaranteed. All measurements and data should be independently verified. This information is provided by the Stellar MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: October 2, 2026.

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