One or more photo(s) has been virtually staged. Experience the pinnacle of coastal luxury in this rare double-unit penthouse residence in the sought-after Buttonwood Cove. A true Gulf to Bay community on Longboat Key. This 3 bedroom, 3 bathroom condo with deeded boat slip; offers the ultimate in island living, where every sunrise and sunset becomes part of your daily ritual. Two expansive balconies showcase postcard-perfect panoramas of Sarasota Bay to the east and the sparkling Gulf to the west, filling the space with light and coastal serenity from dawn to dusk. Each of the three bedrooms is its own retreat, with the primary suite offering direct Bayfront vistas and a spa-like bath, while the guest suites provide comfort, privacy, and equally stunning views. Additional features include under-building assigned parking and private storage unit. Set within five meticulously landscaped acres, Buttonwood Cove is an intimate, amenity-rich community of just 56 residences. Residents enjoy a bayside heated pool, newly renovated clubhouse with full kitchen, tennis/pickleball courts, kayak launch, fishing pier, and deeded beach access just across the street—complete with a beachfront pavilion, picnic area, and lounge chairs for sunset gatherings. Perfectly positioned mid-key, you're minutes from the world-class dining, shopping, and cultural attractions of St. Armands Circle and downtown Sarasota, while Anna Maria Island’s laid-back charm lies just to the north. Priced at appraised value! Call for a private showing today!
Sold for $1,000,000
$1,000,000
3540 GULF OF MEXICO DRIVE #303, LONGBOAT KEY, FL 34228
3beds
2,568sqft
Condominium
Built in 1980
-- sqft lot
$957,100 Zestimate®
$389/sqft
$7,808 Estimated rent
Home value
$957,100
$861,000 - $1.06M
$7,808/mo
Zestimate® history
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List your homeWhat's special
Double-unit penthouse residenceDeeded beach accessFishing pierNewly renovated clubhouseBayside heated poolSpa-like bathPostcard-perfect panoramas
Zillow last checked:
Listing updated:
Listed by:
Alexis Smith-Frady 352-225-1724,
COMPASS FLORIDA LLC 941-279-3630
Bought with:
Sean Clark, 3440725
MICHAEL SAUNDERS & COMPANY
Source: Stellar MLS,MLS#: A4651890
Originating MLS: Port Charlotte
Originating MLS: Port Charlotte
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: Breakfast Room Separate, Dining Room, Utility Room
Primary bedroom
- Features: Built-In Shelving, En Suite Bathroom, Dual Closets
- Level: First
- Area: 280 Square Feet
- Dimensions: 14x20
Kitchen
- Features: No Closet
- Level: First
Living room
- Features: No Closet
- Level: First
- Area: 352 Square Feet
- Dimensions: 16x22
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dryer, Electric Water Heater, Refrigerator, Washer
- Laundry: Inside, Laundry Room
Features
- Crown Molding, Primary Bedroom Main Floor, Split Bedroom, Stone Counters, Walk-In Closet(s)
- Flooring: Carpet, Ceramic Tile, Engineered Hardwood
- Has fireplace: No
Interior area
- Total structure area: 2,923
- Total interior livable area: 2,568 sqft
Property
Parking
- Parking features: Under Building
Features
- Levels: One
- Stories: 1
- Exterior features: Balcony, Storage, Tennis Court(s), Boat Slip
- Pool features: In Ground
- Has view: Yes
- View description: Water, Bay/Harbor - Full, Beach, Gulf/Ocean - Partial, Gulf/Ocean to Bay
- Has water view: Yes
- Water view: Water,Bay/Harbor - Full,Beach,Gulf/Ocean - Partial,Gulf/Ocean to Bay
- Waterfront features: Bay/Harbor Front, Gulf/Ocean Front, Waterfront, Bay/Harbor, Gulf/Ocean, Gulf/Ocean to Bay, Bay/Harbor Access, Gulf/Ocean Access, Gulf/Ocean to Bay Access, No Wake Zone
Lot
- Size: 8.98 Acres
- Features: FloodZone
Details
- Parcel number: 0003061043
- Zoning: R6MX
- Special conditions: None
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Block, Stucco
- Foundation: Raised
- Roof: Built-Up
Condition
- New construction: No
- Year built: 1980
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: BB/HS Internet Available, Cable Connected, Electricity Connected, Public
Community & HOA
Community
- Features: Bay/Harbor Front, Boat Slip, Dock, Gulf/Ocean Front, Water Access, Waterfront, Buyer Approval Required, Clubhouse, Fitness Center, Pool, Tennis Court(s)
- Security: Fire Sprinkler System
- Pet fee: $0 monthly
- Subdivision: BUTTONWOOD COVE
HOA
- Has HOA: Yes
- Amenities included: Clubhouse, Elevator(s), Pool, Tennis Court(s)
- Services included: Cable TV, Community Pool, Reserve Fund, Fidelity Bond, Insurance, Maintenance Structure, Maintenance Grounds, Manager, Pest Control, Pool Maintenance, Sewer, Trash, Water
- HOA fee: $1,742 monthly
- HOA name: AMI | Melissa Beachy
- HOA phone: 941-383-3200
Location
- Region: Longboat Key
Financial & listing details
- Price per square foot: $389/sqft
- Tax assessed value: $849,500
- Annual tax amount: $12,600
- Date on market: 5/13/2025
- Cumulative days on market: 7 days
- Listing terms: Cash,Conventional
- Ownership: Condominium
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 6/23/2025 | Sold | $1,000,000-13%$389/sqft |
Source:  Stellar MLS #A4651890 Report a problem | ||
| 5/21/2025 | Pending sale | $1,150,000$448/sqft |
Source: Stellar MLS #A4651890 Report a problem | ||
| 5/14/2025 | Listed for sale | $1,150,000-6.1%$448/sqft |
Source: Stellar MLS #A4651890 Report a problem | ||
| 11/23/2021 | Sold | $1,225,000+250%$477/sqft |
Source: Public Record Report a problem | ||
| 7/6/1995 | Sold | $350,000$136/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,381 -17.6% | $849,500 -16.5% |
| 2024 | $12,600 +2.1% | $1,016,829 +3% |
| 2023 | $12,343 +1.3% | $987,213 +3% |
| 2022 | $12,181 +44.2% | $958,459 +52.6% |
| 2021 | $8,449 -0.7% | $628,219 +1.4% |
| 2020 | $8,512 +3.3% | $619,545 +2.3% |
| 2019 | $8,241 | $605,616 +1.9% |
| 2018 | $8,241 +1.7% | $594,324 +2.1% |
| 2017 | $8,106 +2.4% | $582,100 +3.5% |
| 2016 | $7,912 | $562,600 +6.6% |
| 2015 | $7,912 -2.4% | $527,800 +5.2% |
| 2014 | $8,104 +7.6% | $501,900 |
| 2013 | $7,529 +2.7% | $501,900 +0.4% |
| 2012 | $7,333 -13.4% | $499,900 -14.7% |
| 2011 | $8,470 -8% | $586,300 -5.5% |
| 2010 | $9,210 -17.2% | $620,200 -12.6% |
| 2009 | $11,118 | $709,900 -13.2% |
| 2008 | $11,118 -10.5% | $817,800 -10.4% |
| 2007 | $12,422 | $912,600 -7% |
| 2006 | -- | $981,300 +20% |
| 2005 | -- | $817,714 +15.3% |
| 2004 | $11,185 -3% | $709,400 +2% |
| 2003 | $11,536 +10.5% | $695,520 +15% |
| 2002 | $10,439 +8% | $604,800 +4% |
| 2001 | $9,662 +47.4% | $581,493 +50% |
| 2000 | $6,557 | $387,662 |
Find assessor info on the county website
Neighborhood: 34228
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Nearby schools
GreatSchools rating
- 10/10Southside Elementary SchoolGrades: K-5Distance: 8 mi
- 5/10Booker Middle SchoolGrades: 6-8Distance: 6.9 mi
- 3/10Booker High SchoolGrades: 9-12Distance: 6 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
$957,100
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
$957,100
- Florida
- Sarasota County
- Longboat Key
- 34228
- 3540 GULF OF MEXICO DRIVE Unit 303
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