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Off market
  • $3,977,000

    1241 Gulf Of Mexico Dr Unit 701, Longboat Key, FL 34228

    3beds
    3,400sqft
    Condominium
    Built in 1996
    -- sqft lot
    $3,977,000 Zestimate®
    $1,170/sqft
    $8,353 Estimated rent

    Home value

    $3,977,000

    $3.50M - $4.53M

    $8,353/mo

    Zestimate® history
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    What's special

    "Shelter-in-Paradise" from this sought-after DIRECT Gulf front location on the 7th floor at the coveted Water Club on Longboat Key. Be "Wowed" by mesmerizing Gulf, Beach, City & Bay Views as far as the eye can see. Fresh and RH inspired interiors best describes this 3BR/4.5BA southwest corner residence with 3 terraces provides panoramic views and terrace access from every room. The elevator opens directly into your private double door entry foyer greeted by a stunning combined 51 ft living/dining area bordered by walls of glass with motorized shades reflecting unending views. Ten-foot ceiling heights and light wood floors enhance the spacious feel of the interiors with recessed LED lighting. The updated white Poggenpohl kitchen cabinets features quartz countertops equipped with new appliances including an induction cooktop and eat-in area. The Gulf front master bedroom suite highlights 2 separate bathrooms, 2 custom walk-in closets and expansive views of Gulf waters extending down the beach and beyond. The 2 full guest bedrooms are located on the opposite side of the apartment, one as a second main suite, each have en-suite baths, generous closets and a shared terrace with amazing views. A large laundry room with a trunk room for additional storage. Two coveted garage parking spaces and separate a/c garage storage locker is included. This gated pet-friendly community has updated superb amenities: 24-hour security, concierge, on-site Management, clubhouse with library, grand ballroom, catering kitchen, fitness room, heated pool/spa, & 4 lite Har-Tru tennis courts. Minutes to St. Armand's Circle & vibrant downtown Sarasota.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Originating MLS: Sarasota - Manatee

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 5
    • Full bathrooms: 4
    • 1/2 bathrooms: 1
    Heating
    • Forced air, Electric
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Garbage disposal, Microwave, Refrigerator, Washer
    • Laundry: Inside
    Features
    • Ceiling Fans(s), High Ceiling(s), Master Bedroom Downstairs, Open Floorplan, Stone Counters, Walk-In Closet(s), Solid Wood Cabinets, Living Room/Dining Room Combo, Built in Features
    • Flooring: Carpet, Hardwood
    Interior area
    • Structure area source: Public Records
    • Total interior livable area: 3,400 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage - Attached
    Features
    • Levels: One
    • Patio & porch: Deck, Patio, Porch, Covered
    • Exterior features: Other
    • Pool features: Gunite, Heated, In Ground
    • Spa features: Heated, In Ground
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    • Waterfront features: Beach - Public, Gulf/Ocean
    • Body of water: GULF OF MEXICO
    Lot
    • Features: Near Public Transit, FloodZone, Street Private
    • Residential vegetation: Mature Landscaping
    Details
    • Parcel number: 0009112047

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Other, Custom
    • Property subtype: Condominium
    Materials
    • concrete
    • Foundation: Piers
    • Roof: Tile
    Condition
    • Year built: 1996

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Cable Available, Public

    Community & HOA

    Community
    • Security: Secured Garage / Parking, Smoke Detector(s), Gated Community
    • Subdivision: WATER CLUB I/LONGBOAT KEY
    HOA
    • Has HOA: Yes
    • Amenities included: Elevators, Fitness Center, Security, Spa/Hot Tub, Storage, Gated, Tennis Court(s), Recreation Facilities
    • Services included: Community Pool, Maintenance Grounds, Recreational Facilities, Security, Trash, Insurance, Maintenance Exterior, Pest Control, Sewer, Water, Private Road, Escrow Reserves Fund, Manager
    • HOA fee: $1,583 monthly
    Location
    • Region: Longboat Key

    Financial & listing details

    • Price per square foot: $1,170/sqft
    • Tax assessed value: $3,484,600
    • Annual tax amount: $46,606
    • Listing terms: Cash, Conventional
    • Ownership: Condominium

    Price history

    DateEventPrice
    11/2/2020Sold$3,000,000-6.1%$882/sqft
    Source: Public Record Report a problem
    9/28/2020Pending sale$3,195,000$940/sqft
    Source: COLDWELL BANKER REALTY #A4460348 Report a problem
    5/23/2020Listed for sale$3,195,000$940/sqft
    Source: COLDWELL BANKER REALTY #A4460348 Report a problem
    3/17/2020Listing removed$3,195,000$940/sqft
    Source: Coldwell Banker Realty - Longboat Key #A4460348 Report a problem
    2/19/2020Listed for sale$3,195,000+58.6%$940/sqft
    Source: COLDWELL BANKER RES R E #A4460348 Report a problem
    8/8/2016Sold$2,015,000-18.3%$593/sqft
    Source: Stellar MLS #A4145719 Report a problem
    6/28/2016Pending sale$2,465,000$725/sqft
    Source: Coldwell Banker Residential Real Estate - Longboat Key #A4145719 Report a problem
    5/21/2016Price change$2,465,000-11.8%$725/sqft
    Source: Coldwell Banker Residential Real Estate - Longboat Key #A4145719 Report a problem
    4/11/2016Price change$2,795,000-6.7%$822/sqft
    Source: Coldwell Banker Residential Real Estate - Longboat Key #A4145719 Report a problem
    2/14/2016Listed for sale$2,995,000+205.8%$881/sqft
    Source: Coldwell Banker Residential Real Estate - Longboat Key #A4145719 Report a problem
    12/11/1995Sold$979,300$288/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$46,606 +4.6%$3,484,600 +5.4%
    2024$44,572 -10.5%$3,307,300 -7.9%
    2023$49,823 +6.2%$3,590,191 +10%
    2022$46,917 +26.3%$3,263,810 +28.6%
    2021$37,133 +2.3%$2,538,100 +10.6%
    2020$36,311 +18.7%$2,295,370 +10%
    2019$30,587 $2,086,700 +4.1%
    2018$30,587 +3.3%$2,004,600 0%
    2017$29,600 +58%$2,004,700
    2016$18,740 $2,004,700 +5.6%
    2015$18,740 $1,899,100 +57%
    2014$18,740 +6.5%$1,209,679
    2013$17,595 +4%$1,209,679 +1.7%
    2012$16,911 +4.7%$1,189,458 +3%
    2011$16,152 -1.2%$1,154,814 +1.5%
    2010$16,350 +9.1%$1,137,748 +2.7%
    2009$14,980 $1,107,836 +0.1%
    2008$14,980 +2%$1,106,729 +3%
    2007$14,680 $1,074,494 +2.5%
    2006-- $1,048,287 +3%
    2005-- $1,017,754 +3%
    2004$15,619 -3.3%$988,111 +1.9%
    2003$16,160 -2.8%$969,687 +2.4%
    2002$16,633 +6.2%$946,960 +1.6%
    2001$15,658 +0.8%$932,047 +3%
    2000$15,535 $904,900
    Find assessor info on the county website

    Neighborhood: 34228

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Southside Elementary
    • Middle: Booker Middle
    • High: Booker High

    Source: The 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
    $3,977,000
    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
    $3,977,000