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Island Reef

Island Reef

Island Reef
Condominium Building Complex
The Costar Building Rating

A rating for the building relative to other buildings of the same type throughout the country. Learn more

8764 Midnight Pass Rd,
Sarasota, FL 34242-2810
173 Units
5 Stories
1982 Year Built
$546K - $1.3M Value Range

Available Units

For Sale
For Rent
No Units Available

Highlights

  • Beach Front
  • Phillippi Shores Elementary School Rated A
  • White Water Ocean Views
  • Water access To Gulf or Ocean
  • Dock made with wood
  • Fitness Center

Coastal Living on Siesta Key

Island Reef is a five-story condominium complex located on the serene southern end of Siesta Key, completed in 1982. With 173 units, this community offers a tranquil escape with the convenience of both Gulf and Bay access. The building's design emphasizes functionality and comfort, providing residents with a seamless blend of island life and modern amenities.

Spacious and Modern Interiors

Island Reef offers a variety of floor plans, ranging from two to three-bedroom units. Two-bedroom condos span from 1,068 to 1,768 square feet, featuring two to two and a half bathrooms, with prices between $537,500 and $696,000. These units often include features like solid wood cabinetry, granite countertops, and stainless steel appliances. The three-bedroom units, sized between 1,875 and 1,973 square feet, offer two and a half bathrooms and are priced around $780,000. Many units boast open floor plans, large lanais, and views of the courtyard or intracoastal waterway. Monthly HOA fees range from $800 to $900, covering a wide array of services including cable TV, maintenance, and recreational facilities.

Comprehensive Amenities for Active Living

Island Reef provides an extensive range of amenities designed to enhance the coastal lifestyle. Residents enjoy two heated pools, a remodeled clubhouse, and a fitness room. For sports enthusiasts, there are lighted tennis and pickleball courts, as well as shuffleboard. The community also offers barbeque patios with gas grills, a fishing pier, and boat docks. Additional features include bike and kayak storage, a library, and a game room with billiards and ping pong. The pet-friendly community ensures comfort with controlled access and air conditioning. On-site management and a rental program add convenience for residents.

Vibrant Island Community

Siesta Key is renowned for its laid-back, vacation-like atmosphere, with Siesta Beach's white quartz sand being a major attraction. The island's village district offers a mix of unique shops and restaurants, providing everything from casual dining to tiki bars with live music. Nearby, Turtle Beach playground offers family-friendly activities. For shopping, the Sarasota Pavilion and Crossings at Siesta Key are within a short drive. Dining options include Ophelia's on the Bay, known for its elegant seafood dishes and bayside patio. The area is rich with parks like Phillippi Estate Park, offering trails and picnic areas.

Convenient Access to Sarasota and Beyond

While Siesta Key is primarily car-dependent, the free Siesta Breeze Trolley provides easy access around the island, including stops at Island Reef. Sarasota/Bradenton International Airport is approximately 30 minutes away, offering convenient travel options. The island's layout allows for leisurely biking, with some bikeable areas enhancing the island experience.

Available Units

No units matching this criteria are available right now.

Building Details

Views

  • White Water Ocean
  • Intracoastal
  • Garden
  • Pool

Recreation

  • Dock made with wood
  • Outdoor Tennis Courts
  • Pickleball Courts
  • Recreation Facilities
  • Shuffleboard Court
  • Fitness Center
  • Heated In Ground Pool
  • Community Pool
  • Outdoor Shower
  • Fish Cleaning Station

Outdoor Features

  • Water access To Gulf or Ocean
  • Access To Intracoastal Waterway
  • Access To Marina
  • Fishing Pier
  • Beach Front
  • Property fronts gulf or ocean
  • Property fronts an intracoastal waterway
  • Property Fronts a Bay or Harbor
  • Community Barbecue Grill

Amenities

  • Sauna
  • Clubhouse
  • Game Room
  • Lounge
  • Laundry Facilities
  • Community Mailbox
  • Card or Code Access

Parking

  • 1 Carport Space Per Unit
  • 1 Carport Space
  • 1 Parking Garage Space
  • Covered Parking

Pet Policy

  • Pets up to 30 lbs
  • 1 Pet Allowed
  • Dogs and Cats Allowed

Condo Association

  • $1,000 Monthly HOA Fees
  • Monthly HOA Fees Range from $933 - $1,000
  • Association fees include common area taxes, pool, escrow reserves fund, internet, maintenance structure, ground maintenance, management, pest control, private road, recreational facilities, trash, water
  • Joy Stevanovich Association, Phone Number (941) 349-2844
  • Visit Association Website
  • Island Reef Condos
  • Island Reef Community
  • Island Reef Ii Ph 1 2 & 3 Subdivision
  • On-Site Maintenance
  • The community has rules related to vehicle restrictions

Building Design

  • Elevator
  • Mid-Rise Condominium

Unit Features

  • Open Floorplan
  • Laundry in unit

Unit Information By Building

Unit
Beds
2 Beds
2 Beds
Baths
2 Baths
2 Baths
Sq Ft
1,303
1,421
Price
$680,000
$620,000
Price / Sq Ft
$522 / Sq Ft
$436 / Sq Ft
List Date
03/12/2025
02/06/2025

Unit Size and Value Ranges

2 Bedroom Units
Sq Ft Range
1,068 - 2,030
Est. Values
$545,773 - $1,087,044
3 Bedroom Units
Sq Ft Range
1,875 - 1,973
Est. Values
$776,421 - $1,347,853

Map

Area Factors

Low Crime

Crime Score®

2 / 10

Somewhat Bikeable

Bike Score®

44 / 100

Car-Dependent

Walk Score®

22 / 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score

WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Environmental Factors

Active

Sound Score®

77 / 100

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Air Pollution®

N/A / 10

--

Flood Factor®

N/A / 10

--

Fire Factor®

N/A / 10

--

Heat Factor®

N/A / 10

--

Wind Factor®

N/A / 10
Source: First Street, How Loud
Sources: First Street, How Loud

Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.

Parks in this Area

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.

Agents Active in this Building

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Property Taxes

Range in Assessed Values
$301K - $1.1M
Range of Taxes in Building
$3,455 - $15,387
Range of Taxes per Sq Ft
$2.44 - $8.17

Property Tax History

Source: Public Records

Similar Condominium Buildings

Building Website

Building Team

Property Management
Island Reef Owners Association
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.