Welcome to a remarkable opportunity in one of the most unique communities on all of Longboat Key, with the space, privacy and ambiance of a gorgeous freestanding estate complemented by the resort-style amenities, conveniences and luxuries of a prized condominium on the Gulf. A residence of this stature that invites your style and vision is a true rarity to come available in this celebrated market, featuring 5BRs on two expansive levels and approximately 5,225 sq. ft. of sumptuous living space. Upon entry, the world-class positioning of this extraordinary residence becomes evident, as sweeping, panoramic views through floor-to-ceiling glass encompass swaying palm trees, the white sandy beach and an endless horizon beyond the sparkling Gulf of Mexico. Even more impressive, this stunning vantage is experienced on both levels, which are accessed by a grand staircase and allow for added privacy with accommodations for guests and family on each level. The lower level boasts three open terraces with front-row water views plus a stairwell walkdown leading directly to the beach. Delight in the picturesque from your sprawling upstairs master suite, which has a stately master bath with spa tub, walk-in shower and custom his and her closets. As the owner, you enjoy the ease of 2 parking spaces plus 24 hour staffed gated access, dedicated concierge staff available seven days a week and all the amenities of Water Club, including a clubhouse perfect for residents who want to host a private event or enjoy community social events, 4 lighted Har-Tru tennis courts, Junior Olympic-size pool, children’s pool, fitness center, all on 16 acres of Gulf beachfront.
Sold for $5,500,000
$5,500,000
1241 GULF OF MEXICO DRIVE #201, LONGBOAT KEY, FL 34228
5beds
5,225sqft
Condominium
Built in 1996
-- sqft lot
$5,762,800 Zestimate®
$1,053/sqft
$29,784 Estimated rent
Home value
$5,762,800
$5.07M - $6.57M
$29,784/mo
Zestimate® history
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$29,784/mo
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$29,784/mo
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$37,726/mo
Est. payment
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$37,726/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Bruce Myer 941-376-5311,
COLDWELL BANKER REALTY 941-383-6411
Bought with:
Michael Moulton, 0389959
MICHAEL SAUNDERS & COMPANY
Source: Stellar MLS,MLS#: A4530550
Originating MLS: Sarasota - Manatee
Originating MLS: Sarasota - Manatee
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 7
- Full bathrooms: 6
- 1/2 bathrooms: 1
Rooms
- Room types: Dining Room, Living Room, Great Room
Other
- Level: First
- Dimensions: 14x25
Primary bedroom
- Level: Second
- Dimensions: 14x21
Bedroom 3
- Level: First
- Dimensions: 9x10
Bedroom 4
- Level: Second
- Dimensions: 16x17
Bedroom 5
- Level: Second
- Dimensions: 16x13
Dining room
- Level: Second
- Dimensions: 21x18
Great room
- Level: First
- Dimensions: 40x29
Kitchen
- Level: Second
- Dimensions: 15x27
Living room
- Level: Second
- Dimensions: 21x33
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Included: Oven, Cooktop, Dishwasher, Dryer, Electric Water Heater, Refrigerator, Washer, Wine Refrigerator
- Laundry: Inside
Features
- Built-in Features, Ceiling Fan(s), Coffered Ceiling(s), Elevator, High Ceilings, Kitchen/Family Room Combo, Primary Bedroom Main Floor, PrimaryBedroom Upstairs, Solid Wood Cabinets, Split Bedroom, Stone Counters, Walk-In Closet(s)
- Flooring: Tile, Hardwood
- Doors: Sliding Doors
- Windows: Blinds, Drapes, Shades, Window Treatments
- Has fireplace: Yes
- Fireplace features: Gas
Interior area
- Total structure area: 5,977
- Total interior livable area: 5,225 sqft
Property
Parking
- Total spaces: 2
- Parking features: Assigned, Covered, Garage Door Opener, Under Building
- Attached garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Deck
- Exterior features: Balcony, Lighting, Sidewalk, Storage, Tennis Court(s)
- Pool features: Gunite, Heated, In Ground
- Has spa: Yes
- Spa features: Heated, In Ground
- Has view: Yes
- View description: Water, Gulf/Ocean - Full
- Has water view: Yes
- Water view: Water,Gulf/Ocean - Full
- Waterfront features: Waterfront, Gulf/Ocean, Gulf/Ocean Access
- Body of water: GULF OF MEXICO
Lot
- Features: In County, Near Golf Course, Near Marina, Near Public Transit
- Residential vegetation: Mature Landscaping, Trees/Landscaped
Details
- Parcel number: 0009112007
- Special conditions: None
Construction
Type & style
- Home type: Condo
- Architectural style: Custom
- Property subtype: Condominium
Materials
- Concrete, Stucco
- Foundation: Slab
- Roof: Concrete
Condition
- Completed
- New construction: No
- Year built: 1996
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Water Access, Waterfront, Association Recreation - Owned, Buyer Approval Required, Deed Restrictions, Fitness Center, Gated, Pool
- Pet fee: $0 monthly
- Subdivision: WATER CLUB I/LONGBOAT KEY
HOA
- Has HOA: Yes
- Services included: 24-Hour Guard, Cable TV, Community Pool, Reserve Fund, Insurance, Maintenance Structure, Maintenance Grounds, Manager, Pool Maintenance, Private Road, Recreational Facilities
- HOA fee: $1,783 monthly
- HOA name: Ranita Riddle
- HOA phone: 941-387-7719
Location
- Region: Longboat Key
Financial & listing details
- Price per square foot: $1,053/sqft
- Tax assessed value: $4,647,900
- Annual tax amount: $41,482
- Date on market: 4/7/2022
- Cumulative days on market: 171 days
- Listing terms: Cash
- Ownership: Condominium
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 11/20/2023 | Sold | $5,500,000$1,053/sqft |
Source:  Stellar MLS #A4530550 Report a problem | ||
| 8/31/2023 | Pending sale | $5,500,000-15.3%$1,053/sqft |
Source: Stellar MLS #A4530550 Report a problem | ||
| 8/30/2023 | Listed for sale | $6,495,000$1,243/sqft |
Source: Stellar MLS #A4530550 Report a problem | ||
| 8/28/2023 | Pending sale | $6,495,000$1,243/sqft |
Source: Stellar MLS #A4530550 Report a problem | ||
| 8/28/2023 | Listed for sale | $6,495,000$1,243/sqft |
Source: Stellar MLS #A4530550 Report a problem | ||
| 9/25/2022 | Listing removed | -- |
Source: Stellar MLS #A4530550 Report a problem | ||
| 5/11/2022 | Price change | $6,495,000-7.1%$1,243/sqft |
Source: Stellar MLS #A4530550 Report a problem | ||
| 4/17/2022 | Price change | $6,995,000-6.7%$1,339/sqft |
Source: Stellar MLS #A4530550 Report a problem | ||
| 4/7/2022 | Listed for sale | $7,500,000+150%$1,435/sqft |
Source: Stellar MLS #A4530550 Report a problem | ||
| 6/28/2013 | Sold | $3,000,000-24.9%$574/sqft |
Source: Public Record Report a problem | ||
| 2/14/2013 | Price change | $3,995,000-9.2%$765/sqft |
Source: Coldwell Banker Residential Real Estate - Longboat Key #A3973443 Report a problem | ||
| 3/23/2012 | Price change | $4,399,000-7.4%$842/sqft |
Source: Coldwell Banker Residential Real Estate - Longboat Key #A3954815 Report a problem | ||
| 1/24/2012 | Listed for sale | $4,750,000+146.8%$909/sqft |
Source: Coldwell Banker Residential Real Estate - Longboat Key #A3954815 Report a problem | ||
| 10/1/1998 | Sold | $1,925,000+22.5%$368/sqft |
Source: Public Record Report a problem | ||
| 3/6/1996 | Sold | $1,571,100$301/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $62,075 +4.1% | $4,647,900 +4.9% |
| 2024 | $59,604 +45% | $4,429,400 +45.1% |
| 2023 | $41,102 +1.4% | $3,051,692 +3% |
| 2022 | $40,546 -2.3% | $2,962,808 +3% |
| 2021 | $41,483 -1.2% | $2,876,513 +1.4% |
| 2020 | $41,969 +4.9% | $2,836,798 +2.3% |
| 2019 | $39,998 | $2,773,019 +1.9% |
| 2018 | $39,998 +1.2% | $2,721,314 +2.1% |
| 2017 | $39,531 -0.9% | $2,665,342 -5.6% |
| 2016 | $39,894 | $2,823,300 +5.6% |
| 2015 | $39,894 | $2,674,600 -5.2% |
| 2014 | $39,894 -5.8% | $2,822,700 |
| 2013 | $42,342 +12.1% | $2,822,700 +9.6% |
| 2012 | $37,784 -0.1% | $2,575,700 +9.4% |
| 2011 | $37,833 +19% | $2,354,220 +10% |
| 2010 | $31,781 -26.7% | $2,140,200 -15.7% |
| 2009 | $43,358 | $2,539,800 -17.9% |
| 2008 | $43,358 -6.8% | $3,095,000 -6.9% |
| 2007 | $46,509 | $3,325,000 -1.8% |
| 2006 | -- | $3,385,000 +10% |
| 2005 | -- | $3,076,386 +11.7% |
| 2004 | $44,661 +1.9% | $2,753,952 +7.5% |
| 2003 | $43,814 +14.7% | $2,561,328 +21% |
| 2002 | $38,190 +26.5% | $2,116,800 +21% |
| 2001 | $30,199 +7.5% | $1,749,404 +10% |
| 2000 | $28,079 | $1,590,367 |
Find assessor info on the county website
Neighborhood: 34228
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Nearby schools
GreatSchools rating
- 10/10Southside Elementary SchoolGrades: K-5Distance: 5.4 mi
- 5/10Booker Middle SchoolGrades: 6-8Distance: 5.3 mi
- 3/10Booker High SchoolGrades: 9-12Distance: 4.4 mi
Schools provided by the listing agent
- Elementary: Southside Elementary
- Middle: Booker Middle
- High: Booker High
Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$5,762,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$5,762,800
- Florida
- Sarasota County
- Longboat Key
- 34228
- 1241 GULF OF MEXICO DRIVE Unit 201
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