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Sold for $1,690,000
  • $1,690,000

    340 GULF OF MEXICO DRIVE #124, LONGBOAT KEY, FL 34228

    3beds
    2,365sqft
    Condominium
    Built in 1991
    -- sqft lot
    $1,684,300 Zestimate®
    $715/sqft
    $7,619 Estimated rent

    Home value

    $1,684,300

    $1.55M - $1.84M

    $7,619/mo

    Zestimate® history
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    What's special

    Gated communityGas fireplaceCenter islandNew roofHigh ceilingsWell-appointed laundry roomDirect bayfront end residence
    One or more photo(s) has been virtually staged. One or more photos have been virtually staged. Only patio photo is virtually staged, no patio furniture is included. Welcome to Tangerine Bay Club, the southernmost condominium on Longboat Key, where refined sophistication meets resort-style livingThis exceptional direct Bayfront end residence offers panoramic views of Sarasota Bay and the feel of a single-family home. Move-in ready with a new roof, the home has been extensively updated by the previous owner, featuring elegant granite countertops in the kitchen and baths. The spacious chef’s kitchen is a standout, complete with a center island, abundant custom cabinetry with built-in spice racks, a striking range hood, and top-tier Thermador appliances, including a 6-burner natural gas cooktop. A large breakfast room just off the kitchen adds casual dining flexibility. The open living and dining areas are ideal for entertaining and include impact-rated windows and sliders, gas fireplace, and gas hookups for both a grill and water heater. Three generously sized bedrooms each feature full ensuite baths. The primary suite impresses with Bay views, private lanai access, and a 7’x10’ custom walk-in closet. The ensuite bath includes a Jacuzzi tub and large multi-head shower. The third bedroom doubles as a den, also with a walk-in closet. Design highlights include 8-ft. mahogany doors, arched doorways, high ceilings, Hunter Douglas blinds, plantation shutters, and a well-appointed laundry room, New Water heater. An oversized 2-car garage provides ample storage. Community amenities at Tangerine Bay Club are unmatched: a 25-meter heated pool, kayak storage, fitness center, tennis and pickleball courts, and on-site management. Residents have the option to purchase a membership to the Bay Isles Beach Club by applying through the property manager. Located in the heart of South Longboat Key, this gated community is just minutes from the upscale shops and restaurants of St. Armands Circle, as well as downtown Sarasota’s vibrant arts scene and white sand beaches. Tangerine Bay Club is renowned for its Mediterranean-inspired architecture, lush 10-acre tropical setting, and active social atmosphere. A truly unique coastal lifestyle.

    Zillow last checked:

    Listing updated:

    Listed by:

    Debra Pitell-Hauge 941-356-0437,

    MICHAEL SAUNDERS & COMPANY 941-383-7591,

    Lisa Sebastian 941-544-5413,

    MICHAEL SAUNDERS & COMPANY

    Bought with:

    Maggie Hicks, 0542271

    COLDWELL BANKER REALTY

    Source: Stellar MLS,MLS#: A4648088MLS LogoOriginating MLS: Sarasota - Manatee

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 3
    Rooms
    • Room types: Den/Library/Office, Utility Room
    Primary bedroom
    • Features: Ceiling Fan(s), Dual Sinks, En Suite Bathroom, Stone Counters, Tub with Separate Shower Stall, Water Closet/Priv Toilet, Walk-In Closet(s)
    • Level: First
    • Area: 228.8 Square Feet
    • Dimensions: 17.6x13
    Bedroom 2
    • Features: Ceiling Fan(s), Shower No Tub, Stone Counters, Built-in Closet
    • Level: First
    • Area: 132 Square Feet
    • Dimensions: 12x11
    Bedroom 3
    • Features: Ceiling Fan(s), Shower No Tub, Stone Counters, Walk-In Closet(s)
    • Level: First
    • Area: 143 Square Feet
    • Dimensions: 11x13
    Primary bathroom
    • Features: Dual Sinks, Multiple Shower Heads, Rain Shower Head, Tub with Separate Shower Stall
    • Level: First
    Bathroom 2
    • Level: First
    Bathroom 3
    • Level: First
    Balcony porch lanai
    • Level: First
    • Area: 168 Square Feet
    • Dimensions: 14x12
    Balcony porch lanai
    • Level: First
    • Area: 150 Square Feet
    • Dimensions: 10x15
    Dinette
    • Features: Built-in Features
    • Level: First
    • Area: 300 Square Feet
    • Dimensions: 20x15
    Dining room
    • Level: First
    • Area: 171.6 Square Feet
    • Dimensions: 15.6x11
    Kitchen
    • Features: Breakfast Bar, Kitchen Island, Stone Counters
    • Level: First
    Laundry
    • Level: First
    • Area: 54 Square Feet
    • Dimensions: 9x6
    Living room
    • Features: Ceiling Fan(s)
    • Level: First
    • Area: 351.52 Square Feet
    • Dimensions: 16.9x20.8
    Heating
    • Central, Electric
    Cooling
    • Central Air
    Appliances
    • Included: Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range Hood, Refrigerator, Washer, Wine Refrigerator
    • Laundry: Inside, Laundry Room
    Features
    • Built-in Features, Ceiling Fan(s), Eating Space In Kitchen, High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Split Bedroom, Stone Counters, Thermostat, Walk-In Closet(s)
    • Flooring: Carpet, Engineered Hardwood, Tile
    • Doors: Sliding Doors
    • Windows: Window Treatments
    • Has fireplace: Yes
    • Fireplace features: Gas, Living Room
    • Common walls with other units/homes: Corner Unit,End Unit
    Interior area
    • Total structure area: 2,700
    • Total interior livable area: 2,365 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Deeded, Garage Door Opener, Ground Level, Guest
    • Attached garage spaces: 2
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Covered, Front Porch, Patio, Rear Porch
    • Exterior features: Balcony, Irrigation System, Private Mailbox, Tennis Court(s)
    • Pool features: Gunite, Heated, In Ground
    • Has spa: Yes
    • Spa features: Heated, In Ground
    • Has view: Yes
    • View description: Water, Bay/Harbor - Full
    • Has water view: Yes
    • Water view: Water,Bay/Harbor - Full
    • Waterfront features: Bay/Harbor Front, Waterfront, Bay/Harbor, Bay/Harbor Access
    • Body of water: SARASOTA BAY
    Lot
    • Features: FloodZone, City Lot, Landscaped, Near Golf Course, Private
    • Residential vegetation: Mature Landscaping, Trees/Landscaped
    Details
    • Parcel number: 0012051013
    • Zoning: MUC2
    • Special conditions: None

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Mediterranean
    • Property subtype: Condominium
    Materials
    • Block, Stucco
    • Foundation: Raised
    • Roof: Tile
    Condition
    • New construction: No
    • Year built: 1991

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Public, Sewer Connected, Street Lights, Underground Utilities, Water Connected

    Community & HOA

    Community
    • Features: Bay/Harbor Front, Intracoastal Waterway, Waterfront, Association Recreation - Owned, Buyer Approval Required, Clubhouse, Deed Restrictions, Fitness Center, Gated Community - No Guard, No Truck/RV/Motorcycle Parking, Pool, Tennis Court(s)
    • Security: Fire Sprinkler System, Gated Community, Security Gate, Security Lights, Security System, Security System Owned, Smoke Detector(s)
    • Pet fee: $0 monthly
    • Subdivision: TANGERINE BAY CLUB
    HOA
    • Has HOA: Yes
    • Amenities included: Clubhouse, Elevator(s), Fitness Center, Maintenance, Pickleball Court(s), Pool, Security, Spa/Hot Tub, Tennis Court(s), Vehicle Restrictions
    • Services included: Common Area Taxes, Community Pool, Reserve Fund, Insurance, Maintenance Structure, Maintenance Grounds, Maintenance Repairs, Manager, Pest Control, Recreational Facilities, Security, Sewer
    • HOA fee: $3,150 monthly
    • HOA name: Michael Canacari
    • HOA phone: 941-806-7972
    Location
    • Region: Longboat Key

    Financial & listing details

    • Price per square foot: $715/sqft
    • Tax assessed value: $1,515,500
    • Annual tax amount: $18,437
    • Date on market: 4/17/2025
    • Cumulative days on market: 333 days
    • Listing terms: Cash,Conventional
    • Ownership: Condominium
    • Total actual rent: 0
    • Electric utility on property: Yes
    • Road surface type: Brick, Asphalt, Paved

    Price history

    DateEventPrice
    5/27/2026Sold$1,690,000-2%$715/sqft
    Source: Stellar MLS #A4648088 Report a problem
    3/18/2026Pending sale$1,725,000$729/sqft
    Source: Stellar MLS #A4648088 Report a problem
    3/9/2026Price change$1,725,000-9%$729/sqft
    Source: Stellar MLS #A4648088 Report a problem
    2/16/2026Price change$1,895,000-5.3%$801/sqft
    Source: Stellar MLS #A4648088 Report a problem
    1/20/2026Price change$2,000,000-7%$846/sqft
    Source: Stellar MLS #A4648088 Report a problem
    8/8/2025Price change$2,150,000-13.8%$909/sqft
    Source: Stellar MLS #A4648088 Report a problem
    4/30/2025Price change$2,495,000-3.7%$1,055/sqft
    Source: Stellar MLS #A4648088 Report a problem
    4/17/2025Listed for sale$2,590,000+111.4%$1,095/sqft
    Source: Stellar MLS #A4648088 Report a problem
    2/13/2017Sold$1,225,000-5.7%$518/sqft
    Source: Public Record Report a problem
    10/14/2016Listed for sale$1,299,000+33.2%$549/sqft
    Source: Coldwell Banker Residential Real Estate - Sarasota Downtown #A4166878 Report a problem
    10/12/2012Listing removed$975,000$412/sqft
    Source: Sotheby's International Realty Canada Report a problem
    10/11/2012Listed for sale$975,000+4.8%$412/sqft
    Source: Sotheby's International Realty Canada Report a problem
    10/9/2012Sold$930,000-2.1%$393/sqft
    Source: Stellar MLS #A3954080 Report a problem
    9/6/2012Price change$949,900-2.6%$402/sqft
    Source: Premier Sotheby's International Realty #A3954080 Report a problem
    6/27/2012Price change$975,000-2%$412/sqft
    Source: Premier Sotheby's International Realty #A3954080 Report a problem
    2/29/2012Price change$995,000-7.8%$421/sqft
    Source: Signature Sotheby's International Realty #A3954080 Report a problem
    1/11/2012Listed for sale$1,079,000$456/sqft
    Source: Signature Sotheby's International Realty #A3954080 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$18,889 +2.5%$1,490,670 +2.9%
    2024$18,437 +2%$1,448,659 +3%
    2023$18,073 +1.4%$1,406,465 +3%
    2022$17,820 +24.7%$1,365,500 +35%
    2021$14,293 +2.4%$1,011,500 +8.3%
    2020$13,963 +14.6%$933,570 +10%
    2019$12,187 $848,700 +4.4%
    2018$12,187 +4%$813,000 0%
    2017$11,717 +2.3%$813,200 +0%
    2016$11,451 $812,800 -6.8%
    2015$11,451 +0.1%$871,900 +11.4%
    2014$11,444 +2.3%$782,800
    2013$11,192 -2%$782,800 +0.5%
    2012$11,424 -0.2%$778,800 -1.7%
    2011$11,446 +0.4%$792,300 +3.2%
    2010$11,406 0%$768,100 -4.1%
    2009$11,409 $801,000 -4.6%
    2008$11,409 -11.2%$839,200 -11.1%
    2007$12,850 $944,000 +12%
    2006-- $842,900 +3%
    2005-- $818,257 +77.1%
    2004$6,881 -3.1%$461,962 +1.9%
    2003$7,105 -1.5%$453,348 +2.4%
    2002$7,210 +5.6%$442,723 +1.6%
    2001$6,825 +1.4%$435,751 +3%
    2000$6,733 $423,059
    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: 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
    $1,684,300
    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
    $1,684,300