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$995,000

8776 MIDNIGHT PASS ROAD UNIT C101, SARASOTA, FL 34242

3D Tour
Active11 days on market

Beds

2

Baths

3

Sq Ft

1,875 sq ft

Year Built

1975

Lot Size

,

Garage

0

About This Property

Experience the best of Siesta Key living at Island Reef, a desirable Gulf-to-Bay community on the peaceful southern end of the island. Offering 1,875 square feet of living space, this two-bedroom, two-and-a-half-bath ground-floor condominium features one of the community’s largest floor plans, providing generous living spaces and a comfortable coastal retreat. Ideally positioned as one of the closest residences to both the community swimming pool and beach access, the condominium features a private walkout patio overlooking the beautifully maintained grounds and pool. The ground-floor setting allows for easy outdoor access without the need for elevators, while a nearby covered carport adds everyday convenience. Inside, the residence features fresh interior paint, a beautifully renovated primary bathroom, a remodeled laundry room, and new luxury vinyl plank flooring throughout both bedrooms, closets, and all two-and-a-half bathrooms. Significant improvements include replacement of the vertical iron plumbing pipes throughout the residence, along with an air conditioning system and water heater replaced approximately one year ago. The kitchen features appliances approximately five years old and offers an opportunity to personalize the space to your taste. With its expansive floor plan, substantial updates, and inviting indoor and outdoor living spaces, this residence offers an exceptional opportunity to enjoy the relaxed coastal lifestyle of Siesta Key.

Property Overview

Property TypeResidential
Sub TypeCondominium
MLS #A4711365
StatusActive
Year Built1975
Stories1
Total Rooms5
ConstructionBlock
RoofBuilt-Up
FoundationSlab
FacesSouth
SubdivisionISLAND REEF I
CountySarasota
OwnershipCondominium
FurnishedFurnished

Interior Features

InteriorOpen Floorplan, Primary Bedroom Main Floor, Thermostat, Window Treatments
FlooringCeramic Tile
AppliancesDishwasher, Disposal, Microwave, Range, Refrigerator
LaundryInside, Laundry Room
CoolingCentral Air
HeatingCentral, Electric

Exterior & Lot

ExteriorSliding Doors
Road SurfacePaved
0

Waterfront

WaterfrontYes
FeaturesBeach

Utilities

WaterPublic
SewerPublic Sewer
UtilitiesCable Connected, Electricity Connected, Sewer Connected, Water Connected

Parking

GarageNo
CarportYes

HOA & Community

HOAYes
Senior CommunityNo

Financial Details

List Price$995,000
Annual Taxes$9,329 (2025)
ZoningRMF1
Parcel #0129071048

Directions

Head south on Midnight Pass Rd from the Stickney Point bridge. Turn right into the complex and the Building is the last building

Location

8776 MIDNIGHT PASS ROAD UNIT C101, SARASOTA, FL 34242

Listing Information

OfficeCOLDWELL BANKER REALTY
ListedOctober 30, 2026

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Home Price

$995,000

20% ($199,000)
6.75%

Loan Term

Principal & Interest$5,163
Property Tax (est.)$912
Insurance (est.)$150
Total Monthly$6,225
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Financing a Luxury Home

Specialized financing for this $995,000 property in SARASOTA. Luxury purchases typically require jumbo or portfolio lending.

💎

Jumbo Loan

$99,500 Down

For homes exceeding conforming loan limits. Typically requires 10-20% down, strong credit, and reserves.

🎖️

VA Jumbo

$0 Down

VA-eligible borrowers can go above conforming limits with zero down in many cases.

🏦

Portfolio Loan

$149,250 Down

Held by the lender, not sold. Flexible terms for high-net-worth buyers with non-traditional income.

🔑

Bridge Loan

$199,000 Down

Short-term financing to buy before selling. Ideal for move-up buyers in competitive markets.

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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: November 10, 2026.

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