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Sold for $1,650,000
  • $1,650,000

    585 SANCTUARY DRIVE #B502, LONGBOAT KEY, FL 34228

    3beds
    1,823sqft
    Condominium
    Built in 1990
    -- sqft lot
    $1,639,500 Zestimate®
    $905/sqft
    $6,148 Estimated rent

    Home value

    $1,639,500

    $1.49M - $1.80M

    $6,148/mo

    Zestimate® history
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    What's special

    Heated pool and spaTennis courtsCorner residenceOutdoor barWraparound terraceEn-suite bathExpansive sundeck
    Perched on the fifth floor of Building 1 at The Sanctuary at Longboat Key Club, this corner residence offers sweeping views that extend from the Gulf of Mexico across the Longboat Key Club golf course to Sarasota Bay and the downtown skyline. A wraparound terrace enhances the setting, creating an exceptional indoor-outdoor experience with ever-changing light and scenery throughout the day. Inside, the open floor plan spans nearly 1,900 square feet and is designed to maximize both comfort and function. Walls of glass sliders in multiple rooms open directly to the terrace, allowing for sunset views, fresh coastal breezes, and natural light to flow throughout the residence. The living and dining areas connect seamlessly, providing an ideal layout for everyday living or entertaining. The primary suite is privately positioned and features oversized windows framing sun-filled views, a walk-in closet, and an en-suite bath. Two additional bedrooms are each en-suite, offering flexibility for guests, family, or a home office while maintaining privacy for all. Three full baths complete this thoughtfully arranged residence. Additional conveniences include one secure, under-building parking space and a dedicated storage unit. Residents of The Sanctuary enjoy a full complement of resort-style amenities, including a Gulfside swimming pool with cabanas, expansive sundeck, outdoor bar, and an additional heated pool and spa. Tennis courts, a modern fitness center, and a variety of clubhouse activities enhance the Longboat Key lifestyle. A private boardwalk provides direct access to the pristine beach, while a 24-hour manned guard gate and on-site management ensure peace of mind. Ownership also offers the option to join the renowned Longboat Key Club, available separately, granting access to championship golf, premier tennis facilities, marina services, spa amenities, dining venues, and resort-style social offerings. Ideally located on Longboat Key, The Sanctuary places you minutes from waterfront dining, boating, and shopping. St. Armands Circle, Lido Beach, and downtown Sarasota’s theaters, galleries, and cultural attractions are all within easy reach—offering a refined coastal lifestyle where natural beauty and convenience meet.

    Zillow last checked:

    Listing updated:

    Listed by:

    Roger Pettingell 941-387-1840,

    COLDWELL BANKER REALTY 941-383-6411

    Bought with:

    Reid Murphy, 0613756

    DEVELOPERS REALTY LBK, INC

    Source: Stellar MLS,MLS#: A4679102MLS LogoOriginating MLS: Sarasota - Manatee

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 3
    Rooms
    • Room types: Great Room, Utility Room
    Primary bedroom
    • Features: Built-In Shelving, Ceiling Fan(s), En Suite Bathroom, Walk-In Closet(s)
    • Level: First
    • Area: 234 Square Feet
    • Dimensions: 18x13
    Bedroom 2
    • Features: Ceiling Fan(s), En Suite Bathroom, Built-in Closet
    • Level: First
    • Area: 154 Square Feet
    • Dimensions: 14x11
    Bedroom 3
    • Features: Ceiling Fan(s), En Suite Bathroom, Built-in Closet
    • Level: First
    • Area: 165 Square Feet
    • Dimensions: 15x11
    Primary bathroom
    • Features: Built-In Shelving, Dual Sinks, En Suite Bathroom, Split Vanities, Stone Counters, Tub with Separate Shower Stall
    • Level: First
    Dining room
    • Level: First
    • Area: 132 Square Feet
    • Dimensions: 12x11
    Foyer
    • Level: First
    Kitchen
    • Level: First
    • Area: 165 Square Feet
    • Dimensions: 15x11
    Laundry
    • Features: Built-In Shelving
    • Level: First
    Living room
    • Level: First
    • Area: 300 Square Feet
    • Dimensions: 20x15
    Heating
    • Central, Electric
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
    • Laundry: Electric Dryer Hookup, Inside, Laundry Room
    Features
    • Built-in Features, Ceiling Fan(s), Eating Space In Kitchen, Elevator, Living Room/Dining Room Combo, Open Floorplan, Split Bedroom, Stone Counters, Tray Ceiling(s), Walk-In Closet(s)
    • Flooring: Tile
    • Doors: Sliding Doors
    • Windows: Window Treatments
    • Has fireplace: No
    • Common walls with other units/homes: End Unit
    Interior area
    • Total structure area: 2,198
    • Total interior livable area: 1,823 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Circular Driveway, Covered, Deeded, Garage Door Opener, Garage Faces Side, Guest, Portico, Under Building
    • Attached garage spaces: 1
    • Has uncovered spaces: Yes
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Deck, Patio, Wrap Around
    • Exterior features: Balcony, Irrigation System, Lighting, Sidewalk, Storage, Tennis Court(s)
    • Pool features: Deck, Gunite, Heated, In Ground, Lighting
    • Has spa: Yes
    • Spa features: Heated, In Ground
    • Has view: Yes
    • View description: City, Golf Course, Water, Beach, Gulf/Ocean - Full, Lake
    • Has water view: Yes
    • Water view: Water,Beach,Gulf/Ocean - Full,Lake
    • Waterfront features: Gulf/Ocean Front, Waterfront, Beach, Gulf/Ocean, Beach Access, Beach - Access Deeded, Gulf/Ocean Access
    Lot
    • Features: FloodZone, In County, Landscaped, Near Golf Course, Near Marina, Oversized Lot, Private, Sidewalk
    • Residential vegetation: Mature Landscaping, Trees/Landscaped
    Details
    • Additional structures: Cabana, Storage, Tennis Court(s)
    • Parcel number: 0011082038
    • Zoning: MUC2
    • Special conditions: None

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Custom,Elevated
    • Property subtype: Condominium
    Materials
    • Concrete
    • Foundation: Pillar/Post/Pier
    • Roof: Concrete
    Condition
    • New construction: No
    • Year built: 1990
    Details
    • Builder model: M

    Utilities & green energy

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

    Community & HOA

    Community
    • Features: Gulf/Ocean Front, Water Access, Waterfront, Association Recreation - Owned, Buyer Approval Required, Clubhouse, Community Mailbox, Deed Restrictions, Fitness Center, Gated Community - Guard, Golf, Pool, Sidewalks, Special Community Restrictions, Tennis Court(s)
    • Security: Fire Alarm, Fire Sprinkler System, Gated Community, Security Gate, Smoke Detector(s)
    • Pet fee: $0 monthly
    • Subdivision: SANCTUARY I
    HOA
    • Has HOA: Yes
    • Amenities included: Cable TV, Clubhouse, Elevator(s), Fitness Center, Gated, Lobby Key Required, Pool, Recreation Facilities, Security, Spa/Hot Tub, Storage, Tennis Court(s), Vehicle Restrictions
    • Services included: 24-Hour Guard, Cable TV, Community Pool, Reserve Fund, Insurance, Maintenance Structure, Maintenance Grounds, Manager, Pest Control, Pool Maintenance, Private Road, Recreational Facilities, Security, Sewer, Trash, Water
    • HOA fee: $2,881 monthly
    • HOA name: LISA HEATH, ASSISTANT GEN MGR
    • HOA phone: 941-383-6021
    • Second HOA name: LONGBOAT KEY CLUB
    Location
    • Region: Longboat Key

    Financial & listing details

    • Price per square foot: $905/sqft
    • Tax assessed value: $1,760,400
    • Annual tax amount: $23,604
    • Date on market: 1/20/2026
    • Cumulative days on market: 52 days
    • Ownership: Condominium
    • Total actual rent: 0
    • Electric utility on property: Yes
    • Road surface type: Brick, Paved

    Price history

    DateEventPrice
    4/14/2026Sold$1,650,000-2.9%$905/sqft
    Source: Stellar MLS #A4679102 Report a problem
    3/16/2026Pending sale$1,699,000$932/sqft
    Source: Stellar MLS #A4679102 Report a problem
    2/21/2026Price change$1,699,000-5.6%$932/sqft
    Source: Stellar MLS #A4679102 Report a problem
    1/20/2026Listed for sale$1,799,000+111.6%$987/sqft
    Source: Stellar MLS #A4679102 Report a problem
    12/31/2003Sold$850,000+53.2%$466/sqft
    Source: Public Record Report a problem
    11/21/1997Sold$555,000$304/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$23,604 +4.5%$1,760,400 +5.3%
    2024$22,587 +50.7%$1,671,600 +82.8%
    2023$14,991 +22%$914,397 +10%
    2022$12,292 +10%$831,270 +10%
    2021$11,171 +19.9%$755,700 +16.2%
    2020$9,316 +4.9%$650,367 +2.3%
    2019$8,878 $635,745 +1.9%
    2018$8,878 +1.3%$623,891 +2.1%
    2017$8,766 +0.8%$611,059 -21.7%
    2016$8,694 $780,400 +19.3%
    2015$8,694 +0%$654,400 +12.7%
    2014$8,691 +6.5%$580,900
    2013$8,163 +2.6%$580,900 +0.3%
    2012$7,954 -22.4%$578,900 -22.5%
    2011$10,256 -16.4%$746,700 -13.5%
    2010$12,270 +9.2%$863,029 +2.7%
    2009$11,236 $840,340 +0.1%
    2008$11,236 -13.7%$839,500 -12.2%
    2007$13,020 $955,800 +1.3%
    2006-- $943,562 +3%
    2005-- $916,080 +12.8%
    2004$13,172 +91.6%$812,250 +90.2%
    2003$6,876 -2.8%$426,969 +2.4%
    2002$7,072 +6.3%$416,962 +1.6%
    2001$6,653 +0.9%$410,396 +3%
    2000$6,593 $398,443
    Find assessor info on the county website

    Neighborhood: 34228

    Nearby schools

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    Estimated market value
    $1,639,500
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,639,500