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For sale
  • $700,000

    3240 GULF OF MEXICO DRIVE #B504, LONGBOAT KEY, FL 34228

    2beds
    1,210sqft
    : 
    $6,122/mo
    Get pre-qualified
    Condominium
    Built in 1975
    -- sqft lot
    $-- Zestimate®
    $579/sqft
    $1,625/mo HOA

    What's special

    Tennis courtsHeated poolEqually spacious second bedroomNew light fixtures throughoutUpgraded windows and doorsOversized primary suiteSplit bedroom layout
    Welcome to Portobello, a Gulf to Bay community on mid Longboat Key where residents enjoy their own private beach access just across the street and a bayside dock right outside the door. This beautifully remodeled, turnkey furnished fifth floor condo overlooks the quiet waters of Cranes Bayou, positioned to catch soft morning light while the terrace stays comfortably shaded through the afternoon. Inside, the open floor plan is filled with natural light and finished with new laminate wood flooring, crown molding, plantation shutters, and new light fixtures throughout. The updated kitchen offers stainless steel appliances, custom white cabinetry with crown molding, under cabinet lighting, and a breakfast bar that opens to the dining area. The split bedroom layout is ideal for hosting guests. The oversized primary suite features its own water views, space for a king sized bed, an oversized walk in closet, and an en suite bath with a smart split sink and shower design, while the equally spacious second bedroom sits beside a fully updated second bath. A sleeper sofa in the living room allows the condo to comfortably sleep six, and an in unit washer and dryer adds everyday convenience. The full length screened terrace spans the entire width of the unit and is accessible through new impact sliding doors from the living room and both bedrooms, so the water view follows you from room to room. Portobello's amenities complete the picture. Residents enjoy a heated pool with tennis courts, a fully renovated recreation room, kayak and canoe storage with a launch area, and a dock and walkway for fishing or docking your boat for up to two days. A bayside picnic area with a gas grill and umbrella tables sits near the kayak launch, perfect for sunset cookouts by the water. Just across the street, Portobello's private beach access puts the Gulf and its sugar sand shoreline a short stroll from your door, complete with a beach shower for rinsing off after a day in the sand. Each unit has its own extra ground floor storage locker, and the freshly painted, recently inspected building is centered on a lush tropical courtyard with a fountain, surrounded by beautifully landscaped grounds with paver parking. Condominium fees include water, sewer, trash, and basic cable. You are also just moments from everyday shopping and convenience at the Shoppes of Bay Isles, home to a Publix, CVS, and more, all without ever leaving the island, while St. Armands Circle and downtown Sarasota are an easy drive down the Key. With upgraded windows and doors, furnishings, appliances, and modern baths already in place, this is a Longboat Key retreat ready to enjoy from the very first day. Come experience it for yourself. **THIS PROPERTY QUALIFIES FOR A 1% LENDER INCENTIVE IF USING PREFERRED LENDER. INQUIRE FOR MORE DETAILS.**
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    Zillow last checked:

    Listing updated:

    Listed by:

    Toni Zarghami 941-248-2147,

    KW COASTAL LIVING III 941-900-4151

    Source: Stellar MLS,MLS#: A4702237MLS LogoOriginating MLS: Sarasota - Manatee

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Central, Electric
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
      • Laundry: Inside, Laundry Closet
      Features
      • Ceiling Fan(s), Crown Molding, Living Room/Dining Room Combo, Open Floorplan, Split Bedroom, Stone Counters, Thermostat, Walk-In Closet(s)
      • Flooring: Laminate, Tile
      • Doors: Sliding Doors
      • Windows: Window Treatments
      • Has fireplace: No
      • Furnished: Yes
      Interior area
      • Total structure area: 1,372
      • Total interior livable area: 1,210 sqft
      Video & virtual tour

      Property

      Parking
      • Parking features: Assigned, Guest
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Patio, Screened
      • Exterior features: Balcony, Courtyard, Lighting, Storage
      • Pool features: In Ground
      • Has view: Yes
      • View description: Trees/Woods, Water, Bay/Harbor - Full, Bayou, Intracoastal Waterway
      • Has water view: Yes
      • Water view: Water,Bay/Harbor - Full,Bayou,Intracoastal Waterway
      • Waterfront features: Bay/Harbor Front, Waterfront, Bay/Harbor, Bayou, Intracoastal Waterway, Bay/Harbor Access, Bayou Access, Beach - Access Deeded, Gulf/Ocean to Bay Access, Intracoastal Waterway Access
      Lot
      • Features: City Lot, Sidewalk
      • Residential vegetation: Mature Landscaping
      Details
      • Parcel number: 0005021059
      • Zoning: R4MX
      • Special conditions: None

      Construction

      Type & style
      • Home type: Condo
      • Property subtype: Condominium
      Materials
      • Concrete, Stucco
      • Foundation: Raised
      • Roof: Built-Up
      Condition
      • New construction: No
      • Year built: 1975

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: BB/HS Internet Available, Cable Available, Electricity Available, Public, Sewer Available, Water Available

      Community & HOA

      Community
      • Features: Bay/Harbor Front, Boat Slip, Dock, Intracoastal Waterway, Water Access, Waterfront, Association Recreation - Owned, Buyer Approval Required, Clubhouse, Community Mailbox, Deed Restrictions, Pool, Tennis Court(s)
      • Security: Smoke Detector(s)
      • Pet fee: $0 monthly
      • Subdivision: PORTOBELLO
      HOA
      • Has HOA: Yes
      • Amenities included: Clubhouse, Elevator(s), Maintenance, Pickleball Court(s), Pool, Tennis Court(s)
      • Services included: Cable TV, Common Area Taxes, Community Pool, Reserve Fund, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Manager, Pest Control, Pool Maintenance, Sewer, Trash, Water
      • HOA fee: $1,625 monthly
      • HOA name: Lighthouse Prop Mgmt David Novak
      • HOA phone: 941-306-1118
      Location
      • Region: Longboat Key

      Financial & listing details

      • Price per square foot: $579/sqft
      • Tax assessed value: $608,300
      • Annual tax amount: $8,079
      • Date on market: 8/13/2026
      • Listing terms: Cash,Conventional
      • Ownership: Fee Simple
      • Total actual rent: 0
      • Electric utility on property: Yes
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/13/2026Listed for sale$700,000-4.4%$579/sqft
        Source: Stellar MLS #A4702237 Report a problem
        7/28/2025Listing removed$732,000$605/sqft
        Source: Stellar MLS #A4634033 Report a problem
        3/7/2025Price change$732,000-0.9%$605/sqft
        Source: Stellar MLS #A4634033 Report a problem
        1/2/2025Listed for sale$739,000-7.5%$611/sqft
        Source: Stellar MLS #A4634033 Report a problem
        7/29/2024Listing removed--
        Source: Stellar MLS #A4581507 Report a problem
        4/25/2024Price change$799,000-6%$660/sqft
        Source: Stellar MLS #A4581507 Report a problem
        1/7/2024Price change$849,900-2.3%$702/sqft
        Source: Stellar MLS #A4581507 Report a problem
        9/2/2023Listed for sale$869,900+54%$719/sqft
        Source: Stellar MLS #A4581507 Report a problem
        3/30/2022Listing removed--
        Source: Zillow Rental Network_1 Report a problem
        2/16/2022Listed for rent$6,500$5/sqft
        Source: Zillow Rental Network_1 Report a problem
        11/1/2021Sold$565,000-8.7%$467/sqft
        Source: Public Record Report a problem
        10/2/2021Pending sale$619,000$512/sqft
        Source: Stellar MLS #A4512422 Report a problem
        9/21/2021Listed for sale$619,000+37.9%$512/sqft
        Source: Stellar MLS #A4512422 Report a problem
        7/1/2020Listing removed$449,000$371/sqft
        Source: Michael Saunders & Company - Licensed Real Estate Broker #A4435676 Report a problem
        5/9/2019Listed for sale$449,000-15.3%$371/sqft
        Source: MICHAEL SAUNDERS & COMPANY #A4435676 Report a problem
        4/5/2005Sold$530,000$438/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$8,079 -0.1%$608,300 +8.6%
        2024$8,084 +13.3%$560,329 +10%
        2023$7,136 +19.1%$509,390 +17.4%
        2022$5,990 +42.7%$433,900 +59.8%
        2021$4,197 +12%$271,480 +10%
        2020$3,747 -19.6%$246,800 -21.4%
        2019$4,662 $314,100 -6.2%
        2018$4,662 -3.3%$334,700 +17%
        2017$4,822 +26.8%$286,032 -0.5%
        2016$3,802 $287,400 +6.6%
        2015$3,802 +17.1%$269,700 +15.8%
        2014$3,247 -8.9%$232,925
        2013$3,563 +6.8%$232,925 +10%
        2012$3,336 +19.9%$211,750 +10%
        2011$2,781 -16.9%$192,500 -14.6%
        2010$3,347 -29.8%$225,400 -12.6%
        2009$4,768 $258,000 -26.4%
        2008$4,768 -13.8%$350,700 -13.7%
        2007$5,529 $406,200 -14.4%
        2006-- $474,800 +5.6%
        2005-- $449,780 +203.5%
        2004$1,942 -2.8%$148,184 +1.9%
        2003$1,997 -1.1%$145,421 +2.4%
        2002$2,020 +5.9%$142,013 +1.6%
        2001$1,907 +1.8%$139,777 +3%
        2000$1,872 $135,706
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 34228

        Getting around

        20 / 100
        Car-Dependent
        43 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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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