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Sold for $2,800,000
  • $2,800,000

    1241 GULF OF MEXICO DRIVE #506, LONGBOAT KEY, FL 34228

    3beds
    2,650sqft
    Condominium
    Built in 1996
    -- sqft lot
    $3,522,800 Zestimate®
    $1,057/sqft
    $7,459 Estimated rent

    Home value

    $3,522,800

    $3.35M - $3.70M

    $7,459/mo

    Zestimate® history
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    What's special

    Introducing a truly exceptional beachfront residence that epitomizes the essence of luxury living on Longboat Key. With breathtaking sunset views over the Gulf of Mexico, this three-bedroom, three-full-bath abode spans an impressive 2,650 square feet under air, offering an unparalleled coastal lifestyle. The luxurious primary suite is a sanctuary in and of itself, boasting two walk-in closets, a private terrace overlooking the beach, and a renovated primary bath featuring a large walk-in shower with multiple shower heads, a luxurious Bainultra Thermomasseur tub, dual sinks, and a private commode. At the opposite end of the home, a deluxe ensuite guest room with dual closets awaits, along with a versatile third guest room or office/den, complete with a full bath across the hall. The gourmet kitchen is a culinary masterpiece, completely renovated to open up to the great room and invite views of the beach to the west, as well as showcasing views of the bay to the east. It features solid wood soft-close cabinetry, stone countertops, a center island, a breakfast bar, and a large breakfast nook overlooking the beach. The great room offers a spacious open layout, providing endless possibilities for configuration and access to the main balcony. Every closet in the condo features custom-built organizers, enhancing the already abundant storage space. Remote control shades and a Lutron light system add to the convenience of this home. A semi-private elevator grants quick access to the world-class amenities of Water Club, including impeccable concierge service, and an 18,000 square foot clubhouse with a fitness center, spa, game room, library, and ballroom. Outdoor amenities include a heated beachside pool and spa, an outdoor courtyard with a fire pit, and Har-Tru tennis courts. The guarded gate entry with 24-hour security ensures peace of mind. Water Club is situated on 16 acres of lush tropical landscaping, boasting 680 feet of beachfront, and welcomes pets. This premier beachfront community offers a coveted island life, with golfing, boating, unique shops, incredible dining, and the culture and entertainment of downtown Sarasota just minutes away. Experience the pinnacle of coastal living at Water Club, where every day is a celebration of the beauty and serenity of Longboat Key. Bedroom Closet Type: Built In Closet (Bedroom 2). Bedroom Closet Type: Walk-in Closet (Primary Bedroom).

    Zillow last checked:

    Listing updated:

    Listed by:

    Hilary Souza 941-704-6556,

    PREMIER SOTHEBY'S INTERNATIONAL REALTY 941-364-4000

    Bought with:

    Hilary Souza, 3530439

    PREMIER SOTHEBY'S INTERNATIONAL REALTY

    Source: Stellar MLS,MLS#: A4601946MLS LogoOriginating MLS: Sarasota - Manatee

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 3
    Rooms
    • Room types: Breakfast Room Separate, Great Room, Utility Room
    Primary bedroom
    • Features: Bath w Spa/Hydro Massage Tub, Ceiling Fan(s), Dual Sinks, En Suite Bathroom, Multiple Shower Heads, Rain Shower Head, Stone Counters, Tub with Separate Shower Stall, Water Closet/Priv Toilet, Walk-In Closet(s)
    • Level: First
    • Dimensions: 14x20
    Bedroom 2
    • Features: Ceiling Fan(s), En Suite Bathroom, Exhaust Fan, Shower No Tub, Stone Counters, Built-in Closet
    • Level: First
    • Dimensions: 11x15
    Bedroom 3
    • Features: Shower No Tub, Stone Counters, Built-in Closet
    • Level: First
    • Dimensions: 12x15
    Balcony porch lanai
    • Level: First
    • Dimensions: 12x11
    Balcony porch lanai
    • Level: First
    • Dimensions: 10x31
    Dinette
    • Level: First
    • Dimensions: 8x11
    Great room
    • Features: Breakfast Bar
    • Level: First
    • Dimensions: 22x22
    Kitchen
    • Features: Breakfast Bar, Kitchen Island, Pantry, Stone Counters
    • Level: First
    • Dimensions: 13x17
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range Hood, Refrigerator, Washer, Wine Refrigerator
    • Laundry: Corridor Access, Inside, Laundry Room
    Features
    • Built-in Features, Ceiling Fan(s), Crown Molding, Eating Space In Kitchen, Elevator, High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Smart Home, Solid Wood Cabinets, Split Bedroom, Stone Counters, Thermostat, Tray Ceiling(s), Walk-In Closet(s)
    • Flooring: Carpet, Tile, Hardwood
    • Doors: Outdoor Grill, Outdoor Shower, Sliding Doors
    • Windows: Double Pane Windows, Shades, Window Treatments
    • Has fireplace: No
    Interior area
    • Total structure area: 3,106
    • Total interior livable area: 2,650 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Assigned, Common, Garage Door Opener, Guest, Under Building
    • Attached garage spaces: 1
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Covered
    • Exterior features: Balcony, Lighting, Outdoor Grill, Outdoor Shower, Sidewalk, Storage, Tennis Court(s)
    • Pool features: Gunite, Heated, Lap, Lighting
    • Has spa: Yes
    • Spa features: Heated, In Ground
    • Has view: Yes
    • View description: Pool, Water, Bay/Harbor - Partial, Beach, Gulf/Ocean - Partial, Gulf/Ocean to Bay, Intracoastal Waterway
    • Has water view: Yes
    • Water view: Water,Bay/Harbor - Partial,Beach,Gulf/Ocean - Partial,Gulf/Ocean to Bay,Intracoastal Waterway
    • Waterfront features: Gulf/Ocean Front, Waterfront, Beach, Gulf/Ocean, Beach Access, Gulf/Ocean Access
    • Body of water: GULF OF MEXICO
    Lot
    • Size: 2.11 Acres
    • Features: CoastalConstruction Control Line, FloodZone, Landscaped, Near Golf Course, Near Marina, Near Public Transit, Sidewalk
    • Residential vegetation: Mature Landscaping, Trees/Landscaped
    Details
    • Additional structures: Tennis Court(s)
    • Parcel number: 0009112036
    • Special conditions: None

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium
    Materials
    • Concrete, Stucco
    • Foundation: Pillar/Post/Pier
    • Roof: Concrete
    Condition
    • New construction: No
    • Year built: 1996

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: BB/HS Internet Available, Cable Connected, Electricity Connected, Phone Available, Public, Sewer Connected, Water Connected
    Green energy
    • Energy efficient items: Thermostat

    Community & HOA

    Community
    • Features: Gulf/Ocean Front, Water Access, Waterfront, Association Recreation - Owned, Buyer Approval Required, Clubhouse, Fitness Center, Gated Community - Guard, Pool, Sidewalks
    • Security: Fire Sprinkler System, Gated Community, Security Gate, Fire/Smoke Detection Integration
    • Pet fee: $0 monthly
    • Subdivision: WATER CLUB 01 AT LONGBOAT KEY
    HOA
    • Has HOA: No
    • Amenities included: Clubhouse, Elevator(s), Fitness Center, Gated, Maintenance, Pool, Recreation Facilities, Sauna, Security, Spa/Hot Tub, Storage, Tennis Court(s), Vehicle Restrictions
    • Services included: 24-Hour Guard, Common Area Taxes, Community Pool, Reserve Fund, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Maintenance Repairs, Manager, Pest Control, Pool Maintenance, Recreational Facilities, Security, Sewer, Trash, Water
    • HOA fee: $3,037 monthly
    Location
    • Region: Longboat Key

    Financial & listing details

    • Price per square foot: $1,057/sqft
    • Tax assessed value: $2,100,200
    • Annual tax amount: $14,621
    • Date on market: 3/4/2024
    • Cumulative days on market: 5 days
    • Listing terms: Cash,Conventional
    • Ownership: Condominium
    • Total actual rent: 0
    • Electric utility on property: Yes
    • Road surface type: Brick, Other

    Price history

    DateEventPrice
    8/7/2026Listing removed$3,850,000$1,453/sqft
    Source: Stellar MLS #A4689658 Report a problem
    5/6/2026Listed for sale$3,850,000+37.5%$1,453/sqft
    Source: Stellar MLS #A4689658 Report a problem
    5/14/2024Sold$2,800,000$1,057/sqft
    Source: Stellar MLS #A4601946 Report a problem
    3/13/2024Pending sale$2,800,000$1,057/sqft
    Source: Stellar MLS #A4601946 Report a problem
    3/4/2024Listed for sale$2,800,000+77.8%$1,057/sqft
    Source: Stellar MLS #A4601946 Report a problem
    6/16/2017Sold$1,575,000-1.3%$594/sqft
    Source: Agent Provided Report a problem
    4/20/2017Pending sale$1,595,000$602/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker Report a problem
    1/21/2017Price change$1,595,000-3.3%$602/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker Report a problem
    8/3/2016Price change$1,649,000-7.1%$622/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker Report a problem
    1/15/2016Price change$1,775,000-6.3%$670/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker Report a problem
    8/21/2015Listed for sale$1,895,000$715/sqft
    Source: Hanly & Associates #A4110112 Report a problem
    7/18/2015Listing removed$1,895,000$715/sqft
    Source: RE/MAX ALLIANCE GROUP #A4110112 Report a problem
    4/26/2015Price change$1,895,000-8.7%$715/sqft
    Source: RE/MAX ALLIANCE GROUP #A4110112 Report a problem
    12/24/2014Listed for sale$2,075,000+38.3%$783/sqft
    Source: RE/MAX Alliance Group #A4110112 Report a problem
    11/16/2006Sold$1,500,000$566/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$27,928 +92.1%$2,100,200 +86%
    2024$14,539 -0.6%$1,128,856 +3%
    2023$14,621 +1.6%$1,095,977 +3%
    2022$14,394 -2.2%$1,064,055 +3%
    2021$14,714 -1.1%$1,033,063 +1.4%
    2020$14,881 -14.9%$1,018,800 -16.7%
    2019$17,479 $1,222,624 +1.9%
    2018$17,479 +1.2%$1,199,827 -5.5%
    2017$17,267 -3.4%$1,270,300
    2016$17,867 $1,270,300 +5.6%
    2015$17,867 +5%$1,203,500 +34.1%
    2014$17,012 +26.4%$897,200
    2013$13,459 +12.2%$897,200 +9.7%
    2012$11,992 -8.1%$817,500 -9.5%
    2011$13,056 +6.6%$903,700 +9.6%
    2010$12,243 -20.6%$824,500 -15.7%
    2009$15,427 $978,400 -11.2%
    2008$15,427 -3.8%$1,101,200 -4%
    2007$16,040 $1,146,700 +20.5%
    2006-- $951,245 +3%
    2005-- $923,539 +3%
    2004$14,136 -8.8%$896,640 -3.7%
    2003$15,498 -0.3%$931,000 +8%
    2002$15,550 +26.5%$861,900 +21%
    2001$12,297 +7.5%$712,345 +10%
    2000$11,434 $647,586
    Find assessor info on the county website

    Neighborhood: 34228

    Nearby schools

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    Estimated market value
    $3,522,800
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    Estimated market value
    $3,522,800