Residential Property - Condominium in Sarasota
Listing Price: $680,000
Description of Property
LUCRATIVE RENTAL INCOME OPPORTUNITY at this rare BEACH-TO-BAY COMMUNITY. Experience the Best of Siesta Key at Island Reef while your investment pays for itself and puts extra income in the bank. This beautifully renovated 4th-floor condo offers views of Little Sarasota Bay and the Intracoastal Waterway. Move-in ready and tastefully furnished, this unit is perfect for personal enjoyment and / or rental income (MONTHLY RENTALS ALLOWED - SEE ATTACHED INCOME ANALYSIS). The modern kitchen features granite countertops, white cabinetry, and seamlessly integrated clothes washer and dryer. The enclosed lanai, with sliding windows, provides a serene space to relax and take in the picturesque bay views. The spacious owner’s suite includes a generous walk-in closet. There is an additional spacious bedroom with an extra large closet and this unit has as separate owner’s closet to lock away personal belongings when rental guests arrive. Island Reef is a sought-after Gulf-to-Bay community with an array of resort-style amenities, including private beach access, TWO heated pools, tennis and PICKLEBAL courts, a fitness center, clubhouse, grilling patios, shuffleboard, a pool table, video game room, library, and a vibrant social calendar including regular men's and women's golf outings. Boat docks are available on a first-come, first-served basis and the community allows you to INSTALL A BOAT LIFT in your BOAT SLIP. Conveniently located, Island Reef is also just a short walk from three local restaurants, a full service marina with boat storage, boat rentals, and Turtle Beach playground. Plus, the FREE Siesta Key TROLLEY stops right at Island Reef, offering a hassle-free ride to Siesta Beach, Siesta Village, and all the attractions along Midnight Pass Road. Paradise found. MIC DROP…Schedule your private showing today!
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Condominium
City: Sarasota
County: Sarasota
Subdivision: Island Reef Ii Ph 1 2 & 3
Bedrooms: 2
Bathrooms: 2
Sq. Ft. Gross: 1,383
Sq. Ft. Living Area: 1,303
Cost per (heated) sqare foot: $522
Year built: 1979
Annual Tax: $5,740
Condo Fee: $3,000 Quarterly
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
- Community Pool
- Escrow Reserves Fund
- Insurance
- Maintenance Structure
- Maintenance Grounds
- Manager
- Pest Control
- Security
- Sewer
Interior Features:
- Ceiling Fan(s)
- Living Room/Dining Room Combo
- Open Floorplan
- Primary Bedroom Main Floor
- Solid Surface Counters
- Solid Wood Cabinets
- Split Bedroom
- Thermostat
- Walk-In Closet(s)
Appliances:
- Dishwasher
- Disposal
- Dryer
- Microwave
- Range
- Refrigerator
- Washer
Accessibility Features:
Window Features:
- Blinds
- Drapes
- Tinted Windows
Additional Rooms: Inside Utility, Storage Rooms
Ceiling Type:
Flooring: Carpet, Tile
Pool & Waterfront Info
Private Pool: Yes
Pool Features:
- Gunite
- Heated
- In Ground
Spa Features: Heated, In Ground
Water Front: Yes
Water Frontage:
- Bay/Harbor Front
- Gulf/Ocean Front
- Waterfront
- Bay/Harbor
- Beach
- Gulf/Ocean to Bay
- Intracoastal Waterway
- Marina
Water Access: Yes
Water Access Type:
- Bay/Harbor
- Intracoastal Waterway
- Marina
Water View:
- Bay/Harbor - Full
- Bay/Harbor - Partial
- Intracoastal Waterway
- Marina
Water Name: LITTLE SARASOTA BAY
Water Extras:
- Boat Port
- Bridges - No Fixed Bridges
- Lift
- Riprap
- Sailboat Water
- Skiing Allowed
Exterior & Construction
Architectural Style:
Construction: Concrete, Stucco
Foundation: Slab
Roof: Built-Up
- Balcony
- Irrigation System
- Lighting
- Outdoor Grill
- Outdoor Shower
- Private Mailbox
- Rain Gutters
- Sliding Doors
- Tennis Court(s)
Carport: Yes
Carport Spaces: 1
Parking Features: Covered, Guest
Floors Total: 5
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Central
Electric:
Patio & Porch Features:
- Enclosed
- Rear Porch
- Screened
- Wrap Around
Security Features: Smoke Detector(s)
Other Structures: Outdoor Kitchen, Tennis Court(s)
View: Water
Fencing:
Utilities:
- BB/HS Internet Available
- Cable Connected
- Electricity Connected
- Fiber Optics
- Fire Hydrant
- Phone Available
- Public
- Sewer Connected
- Street Lights
- Water Connected
Sewer: Public Sewer
Water Source: Public
Community Features:
- Bay/Harbor Front
- Boat Slip
- Dock
- Fishing
- Gulf/Ocean Front
- Intracoastal Waterway
- Marina
- Water Access
- Waterfront
- Association Recreation - Owned
- Buyer Approval Required
- Clubhouse
- Community Mailbox
- Fitness Center
- Pool
- Restaurant
- Sidewalks
- Tennis Court(s)
Association Amenities:
- Clubhouse
- Elevator(s)
- Fitness Center
- Maintenance
- Pickleball Court(s)
- Pool
- Recreation Facilities
- Security
- Shuffleboard Court
- Spa/Hot Tub
- Tennis Court(s)
Lot Information
Lot Features:
Lot Size (acres): 6.31
Lot Size (sq. ft.): 274,901 square feet
Front Exposure: North
Adjoining Property:
Current Adjacent Use:
Legal Description & Other Information
Financing Available: Cash, Conventional, FHA, VA Loan
Parcel Number: 0129081023
Zoning: RMF1
Pets Allowed/Pet Policies: Yes
Tax Legal Desc.: UNIT 403-F ISLAND REEF SECTION 2
Section: 32
Range: 18E
Listing courtesy of OCEANS GLOBAL REALTY, LLC. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
