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Sold for $3,400,000
  • $3,400,000

    545 Sanctuary Dr APT B805, Longboat Key, FL 34228

    3beds
    2,580sqft
    Condominium
    Built in 1991
    -- sqft lot
    $3,141,800 Zestimate®
    $1,318/sqft
    $7,705 Estimated rent

    Home value

    $3,141,800

    $2.83M - $3.49M

    $7,705/mo

    Zestimate® history
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    What's special

    Private gatesFitness centerLap lanesSarasota bayOpen floor planMassive outdoor lanaiBeautiful wood floors flow
    Rarely available, this 8th floor, 3 bedroom, 3 bath condo with perfect east/west views offers total privacy. Relax, unwind, and enjoy the magnificent views of the pristine sandy beach and the blue waters of the Gulf of Mexico from this unit in Sanctuary III. Turn around to the east and watch the boats on Sarasota Bay, and enjoy the lush fairways of the Longboat Key Golf Club. This well-designed unit is very private and does not face any adjacent buildings. The kitchen has been opened to the living areas to take advantage of the views in both directions and to entertain effortlessly. Your large private terraces are the perfect setting for enjoying a morning coffee while viewing beautiful shimmering sunrises over Sarasota Bay, and then enjoying a cocktail with the sunset every evening over the sparkling Gulf of Mexico. The Gulfside master suite opens to outstanding panoramic Gulf and beach views. Beautiful wood floors flow seamlessly throughout the open floor plan, offering a casual, elegant feel to this home. Perfectly set behind the private gates of the Longboat Key Club, you are surrounded by all the Sanctuary has to offer, including a 25-meter resort style pool with lap lanes, spa, and splash pool located on a massive outdoor lanai with gazebos and abundant seating, 2 lighted Har-Tru tennis courts, fitness center, saunas, recreation room, on-site management with 24-hour security, walking trails and over 1,200 feet of pristine beach. Your move-in ready home is waiting for you to start enjoying the paradise we call Longboat Key.

    Zillow last checked:

    Listing updated:

    Listed by:

    Reid Murphy 941-232-3304,

    DEVELOPERS REALTY LBK, INC 941-799-9096

    Bought with:

    Reid Murphy, 0613756

    DEVELOPERS REALTY INC

    Source: Stellar MLS,MLS#: A4561974MLS LogoOriginating MLS: Sarasota - Manatee

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 3
    Primary bedroom
    • Level: First
    • Dimensions: 18x14
    Bedroom 2
    • Level: First
    • Dimensions: 12x16
    Bedroom 3
    • Level: First
    • Dimensions: 12x16
    Dining room
    • Level: First
    • Dimensions: 10x14
    Kitchen
    • Level: First
    • Dimensions: 16x12
    Living room
    • Level: First
    • Dimensions: 35x22
    Heating
    • Central, Electric
    Cooling
    • Central Air
    Appliances
    • Included: Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Refrigerator
    Features
    • Ceiling Fan(s), Eating Space In Kitchen
    • Flooring: Carpet, Marble, Tile, Hardwood
    • Windows: Blinds, Shades, Shutters, Tinted Windows
    • Has fireplace: No
    Interior area
    • Total structure area: 3,145
    • Total interior livable area: 2,580 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Garage - Attached
    • Attached garage spaces: 1
    Features
    • Levels: One
    • Stories: 1
    • Exterior features: Balcony
    • Has private pool: Yes
    • Pool features: Heated, In Ground
    • Has spa: Yes
    • Spa features: Heated, In Ground
    • Has view: Yes
    • View description: Bay/Harbor - Full, Gulf/Ocean - Full
    • Has water view: Yes
    • Water view: Bay/Harbor - Full,Gulf/Ocean - Full
    • Waterfront features: Waterfront, Beach, Beach Access
    Details
    • Parcel number: 0011084040
    • Zoning: MUC2
    • Special conditions: None

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium
    Materials
    • Block, Metal Frame
    • Foundation: Slab, Raised
    • Roof: Other
    Condition
    • Completed
    • New construction: No
    • Year built: 1991

    Utilities & green energy

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

    Community & HOA

    Community
    • Features: Water Access, Waterfront, Clubhouse, Fitness Center, Gated, Pool, Sidewalks
    • Security: Closed Circuit Camera(s), Fire Alarm, Fire Sprinkler System, Gated Community, Security Gate, Security System, Security System Owned, Smoke Detector(s)
    • Pet fee: $0 monthly
    • Subdivision: SANCTUARY III
    HOA
    • Has HOA: Yes
    • Services included: 24-Hour Guard, Community Pool, Maintenance Structure
    • HOA fee: $2,585 monthly
    • HOA name: Sanctuary/ Lisa Heath
    • HOA phone: 941-383-6021
    • Second HOA name: Sanctuary
    Location
    • Region: Longboat Key

    Financial & listing details

    • Price per square foot: $1,318/sqft
    • Tax assessed value: $2,722,800
    • Annual tax amount: $18,204
    • Date on market: 2/27/2023
    • Cumulative days on market: 52 days
    • Listing terms: Cash
    • Ownership: Fee Simple
    • Total actual rent: 0
    • Electric utility on property: Yes
    • Road surface type: Brick

    Price history

    DateEventPrice
    8/28/2023Sold$3,400,000-8%$1,318/sqft
    Source: Stellar MLS #A4561974 Report a problem
    4/20/2023Pending sale$3,695,000$1,432/sqft
    Source: Stellar MLS #A4561974 Report a problem
    4/8/2023Price change$3,695,000-1.5%$1,432/sqft
    Source: Stellar MLS #A4561974 Report a problem
    2/27/2023Listed for sale$3,750,000+108.3%$1,453/sqft
    Source: Stellar MLS #A4561974 Report a problem
    5/15/2019Sold$1,800,000-9.1%$698/sqft
    Source: Public Record Report a problem
    3/30/2019Pending sale$1,980,000$767/sqft
    Source: Premier Sotheby's International Realty #A4426658 Report a problem
    3/27/2019Listed for sale$1,980,000$767/sqft
    Source: Premier Sotheby's International Realty #A4426658 Report a problem
    3/15/2019Pending sale$1,980,000$767/sqft
    Source: Premier Sotheby's International Realty #A4426658 Report a problem
    2/6/2019Listed for sale$1,980,000-0.8%$767/sqft
    Source: Premier Sotheby's International Realty #A4426658 Report a problem
    2/26/2008Sold$1,995,000+120.4%$773/sqft
    Source: Public Record Report a problem
    9/2/1998Sold$905,000+6.5%$351/sqft
    Source: Public Record Report a problem
    8/28/1997Sold$850,000$329/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$31,527 +2.2%$2,389,627 +2.9%
    2024$30,860 -2.3%$2,322,281 +0.6%
    2023$31,600 +77.5%$2,308,100 +76%
    2022$17,805 -2.2%$1,311,582 +3%
    2021$18,205 -1.1%$1,273,381 +1.4%
    2020$18,413 -4%$1,255,800 -3.5%
    2019$19,176 $1,301,400 +4.1%
    2018$19,176 +3.3%$1,250,300
    2017$18,562 -3.1%$1,250,300
    2016$19,149 $1,250,300 +1.5%
    2015$19,149 +7.6%$1,231,800 +22.1%
    2014$17,799 +17.6%$1,009,000
    2013$15,136 +2.4%$1,009,000 +0.1%
    2012$14,784 +1.2%$1,007,800 -0.4%
    2011$14,613 -14.2%$1,011,500 -11.8%
    2010$17,031 -19.5%$1,146,900 -11.6%
    2009$21,154 $1,297,000 -14.1%
    2008$21,154 -11.6%$1,510,000 -11.7%
    2007$23,920 $1,710,100 -3%
    2006-- $1,763,000 +11%
    2005-- $1,588,330 +11.2%
    2004$23,166 +1.4%$1,428,450 +7%
    2003$22,837 +15.9%$1,335,000 +22.3%
    2002$19,696 +41.1%$1,091,700 +35%
    2001$13,959 +7.5%$808,664 +10%
    2000$12,980 $735,149
    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: Riverview 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
    $3,141,800
    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
    $3,141,800