8779 Midnight Pass Rd #502H, photo 1
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Overview

2 bd2 ba1,303 sqftCondominium
TypeCondominium
HOANone listed
Built1980
Lot274,901 sqft
Living area1,303 sqft
Price / sqft$537

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Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

About this home

Living Room/Dining Room ComboOpen FloorplanPrimary Bedroom Main FloorSplit BedroomStone CountersThermostatWalk-in Closet(s)Window Treatments

8779 Midnight Pass Rd #502H is a 1980-built home in Island Reef II Ph 1 2 & 3, Sarasota. Inside you'll find 2 bedrooms, 2 bathrooms, and 1,303 square feet of living space. Listed at $700,000 (about $537/sqft), 292 days on market. Flood zone AE - confirm flood insurance requirements with your lender.

From the listing

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.

The essentials

Built
1980
Price / sqft
$537
On market
303 days
Annual tax
$5,825
Flood zone
AE
Lot
274,901 sqft
Type
Condominium

At a glance

Condo
Built 1980
Waterfront
Bay/Harbor
Community pool
Fitness center too
1,303 sqft
Living area

Payment

Est. monthly payment
$4,486/mo
Down payment (20%)
$140,000
Property taxes
$485/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Condominium
Year Built
1980
Lot
274,901 sqft
Cooling
Central Air
Heating
Central, Electric
Parking
Guest
Waterfront
Bay/Harbor, Beach Front
Days on Market
303
Living Room/Dining Room Combo
Open Floorplan
Primary Bedroom Main Floor
Split Bedroom
Stone Counters
Thermostat
Walk-in Closet(s)
Window Treatments
Lighting
Outdoor Grill
Outdoor Shower
Private Entrance
Sauna
Sidewalk
Sprinkler Metered
Tennis Court(s)
Association Recreation - Owned
Buyer Approval Required
Clubhouse
Fitness Center
Pool
Sidewalks
Street Lights
Dishwasher
Dryer
Electric Water Heater
Microwave
Refrigerator
Washer
Flood Zone AE
Annual Tax (2024)
$5,825
Parcel #
0129081088

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Island Reef II Ph 1 2 & 3
County
Sarasota
MLS Area
34242 - Sarasota/Crescent Beach/Siesta Key
Lot Size
274,901 sqft
CoastalConstruction Control LineFlood Insurance RequiredFloodZoneIn CountyLandscapedPrivateSidewalkStreet BrickPaved

Price history

Date
Event
Price
7/26/2026
Price change
Source: Stellar MLS #A4673776
$700,000-4.8%
$537/sqft
-
Price change
Source: Stellar MLS #A4673776
$735,000-2.0%
$564/sqft
12/10/2025
Listed for sale
Source: Stellar MLS #A4673776
$750,000
$576/sqft

Neighborhood

8779 Midnight Pass Rd #502H
Sarasota, FL, 34242 · 34242 - Sarasota/Crescent Beach/Siesta Key

Market insights

Offer Insights

Choose an offer strength

List price: $700,000
$670,000 – $700,000
95.7% – 100% of listTops out right at the list price
80% of listList price
52 of the last 103 condo closings in 34242 landed at this number or higher (50%). The median one sat 122 days before it went under contract, and this one is on day 303 after a $50,000 cut.

Sample: 103 closed condo sales in 34242 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

Talk through an offer with our team

Calculator

Est. monthly payment
$4,486/mo
Principal & interest$3,651
Property taxes$485
Insurance$350
Down payment20% · $140,000
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$700,000

$537 per sq ft

Beds and baths

2 beds, 2 baths

Size

1,303 sq ft

Time on market

303 days

Year built

1980

Monthly payment

About $4,486/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $5,825 annual tax bill, insurance.

Flood zone

Zone AE

That is a high-risk designation, so a lender will normally require flood insurance. Confirm the current rate before you write an offer.

Offer

What should I offer?

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Brokered byMICHAEL SAUNDERS & COMPANYListing agent: Marlene MarshallListing data from Stellar MLS, MLS# A4673776.

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