Neighborhood · Sarasota, Florida
Island Reef
Waterfront living with a coastal Sarasota address
3
Homes for sale
$629,900
Median list price
$483
Avg price / sqft
296
Median days on market
Island Reef is a small waterfront community where every active listing sits on the water and most come with a pool — the kind of low-key coastal pocket that draws buyers who want the boat-and-beach lifestyle without the noise. It's Sarasota through and through, close to the barrier-island rhythm of Lido Key and the arts-and-dining energy building up in the Rosemary District.
For a buyer today, this is a thin, slow-moving market: just six homes are active, with a median list price of $622,450 and a range that runs from $500,000 up to $1.3M. Homes here are taking their time — a median of 157 days on market — and the eight sales over the past year closed at a median of $572,500, with sellers netting about 95% of asking. If you're weighing this against other pockets like Arlington Park or the broader pool of Sarasota homes for sale, the patience of this market can work in your favor.
Island Reef is a community in Sarasota, Florida.
Quick facts
$550,000 – $700K price range
1,303 sqft median home
$1,033/mo median HOA
$3,750/mo median rent
9 sold in 12 months
Drive times
On the market now
Homes for sale in Island Reef
$629,900$649,900
8764 MIDNIGHT PASS ROAD UNIT A201, SARASOTA
2 bd · 2 ba · 1,286 sqft
$700,000$735,000
8779 MIDNIGHT PASS ROAD UNIT 502H, SARASOTA
2 bd · 2 ba · 1,303 sqft
$550,000
8773 MIDNIGHT PASS ROAD UNIT 102G, SARASOTA
2 bd · 2 ba · 1,303 sqft
Every active listing inside the Island Reef boundary
Open full map search →Find your fit
Browse Island Reef
By feature — on the live map
The numbers that matter
The Island Reef market
9
Sold, last 12 months
$575,000
Median sold price
95%
Sale-to-list ratio
What sellers actually get vs asking
119 days
Median time to sell
Island Reef vs Sarasota
Median list price
Price per sqft
Days on market
Median sold price — 3-yr, 3-mo rolling
▼ 5.4% yr/yr
Homes sold per month
Live Stellar MLS data — every listing and closed sale inside the Island Reef boundary. Rolling medians smooth single-month swings in small communities.
For the school run
Schools Island Reef is zoned for
Attendance boundaries overlapping this community — always verify zoning with the district.
What it really costs
Owning here
Owning the median Island Reef home
≈ $5,047/mo
$629,900 median · 20% down · 30-yr fixed at 6.9% · taxes/HOA from live listing data · insurance is a Florida estimate.
$1,033/mo
Median HOA
From current listings inside the boundary
$3,750/mo
Median rent
Homes for rent inside the boundary
Population
567
Median age
69
Median income
$113,375
Median home value
$654,800
Beyond the listings
Living in Island Reef
Culture
Top 8% in the U.S.Sites to See
This population finds the most beautiful sites just by looking up. Sunrise, sunset or sometime in between, these people love to marvel at man-made and natural wonders.
Hobbies & Interests
Top 10% in the U.S.Wanderlust
Always thinking about their next destination, this population loves exploring new places abroad or right in their own backyard. They hold onto past trips by sharing their favorite memories and pictures year round.
Beliefs
Top 14% in the U.S.Mindfulness & Spirituality
Seeking peace and well-being through meditation, gratitude and spirituality.
Beliefs
Top 16% in the U.S.Conservation
Good stewards of the earth, this population advocates for a cleaner environment and responsible use of resources. They often encourage others to recycle and use clean energy.
Hobbies & Interests
Top 16% in the U.S.Natural Beauty
This population marvels at the beauty of nature, and they want to capture every breath-taking scene.
Beliefs
Top 18% in the U.S.Local Engagement
These citizens want to make their neighborhood a better, more beautiful place to live. They're attentive to the needs and affairs of the local community.
Straight answers
Island Reef FAQs
Is Island Reef a good place to live?+
It suits buyers who want a waterfront, pool-centered lifestyle in a small, quiet Sarasota community — all six active listings are on the water and five have pools. You're close to the beaches of Lido Key and the dining scene downtown, with the barrier islands and Gulf just minutes away.
Is Island Reef expensive?+
It's a mid-to-upper coastal price point, with a median list price of $622,450 and homes averaging about $490 per square foot. The active range spans $500,000 to $1.3M, though only one listing currently sits above the $1M mark.
What do homes cost in Island Reef?+
The median list price is $622,450 and the eight homes sold in the past year closed at a median of $572,500. With a median home size around 1,303 square feet, you're paying for waterfront location and outdoor living rather than sheer size compared to inland options like Arlington Park.
How is the market in Island Reef?+
It's slow and thin — six active listings and a median 157 days on market — which gives serious buyers real leverage. Sellers over the past year averaged about 95% of asking, so there's typically room to negotiate off the list price.
What are the HOA fees and taxes like?+
Expect a median HOA around $1,033 a month and median property taxes near $5,397 a year. If you're renting instead, the median rent runs about $3,750 a month, which is worth factoring in when comparing carrying costs across Sarasota homes for sale.
Keep exploring
More Sarasota neighborhoods
Neighborhood boundary by edgeAI; listings matched to the polygon. 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 is deemed reliable but is not guaranteed accurate by Stellar MLS.
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