3240 Gulf Of Mexico Dr #B402, photo 1
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Overview

2 bd2 ba1,505 sqftCondominium
TypeCondominium
Condo dues$1,625/mo
Built1975
Living area1,505 sqft
Price / sqft$585

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Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

About this home

Ceiling Fans(s)Crown MoldingLiving Room/Dining Room ComboPrimary Bedroom Main FloorSolid Surface CountersSplit BedroomWindow TreatmentsBalcony

3240 Gulf Of Mexico Dr #B402 is a 1975-built home in Portobello, Longboat Key. Inside you'll find 2 bedrooms, 2 bathrooms, and 1,505 square feet of living space. Listed at $880,000 (about $585/sqft), 213 days on market. Flood zone VE - confirm flood insurance requirements with your lender. Condo dues run $1,625 monthly.

From the listing

TURNKEY Furnished Portobello condo with Deeded Beach Access! TWO Balconies with Sunsets AND Sunrises included! Enjoy Beach and Bayou water access! Rarely available end unit with two balconies and lots of privacy and natural lighting. The front open balcony has unobstructed Gulf views whilst the rear balcony is glassed in with sliders/screens and faces the Bayou. This 4th Floor condo has elevator access, 1 owners storage locker, ample in unit storage and 1 assigned parking space. Condo fee includes Water, Sewer, Trash, Cable/Internet, Pest Control, on site Maintenance and Exterior Insurance. Well established social community with Community Pool, Clubhouse, Tennis Courts, Kayak storage/launch, Fishing Pier, BBQ area and ELEVATED mature landscaping. This spacious floorplan is one of the larger floorpans in the community providing you with list and bright spaces, tons of closet space and even a bonus study/den area to use as you please! Stacked Washer/Dryer located near the hallway 2nd Bathroom which has been renovated. Beautifully upgraded Kitchen with high quality cabinetry and 4 storage closets for all your pantry, cleaning and large cooking items. The Primary Bedroom has the most wonderful private bayou water views! Attached en suite full bathroom with lots of counter space. Secondary bedroom has its own separate balcony entrance. This community is located a short drive away from Publix, CVS, banks, Post office, nail salons and Golfing! New development nearby is bringing more shopping and dining! Don't miss this opportunity to own in the sough after Portobello community!

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The essentials

Built
1975
Price / sqft
$585
On market
213 days
Annual tax
$8,208
Condo dues
$1,625/mo
Flood zone
VE
Type
Condominium

At a glance

Condo
6 stories · 1975
Waterfront
Bay/Harbor
Community pool
Shared amenity
Assigned parking
Private balcony
Outdoor space

Payment

Est. monthly payment
$7,339/mo
Down payment (20%)
$176,000
Property taxes
$684/mo
Condo dues
$1,625/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Condominium
Year Built
1975
Lot
-
Cooling
Central Air
Heating
Central, Electric
Parking
Assigned, Guest
Waterfront
Bay/Harbor
Days on Market
213
Ceiling Fans(s)
Crown Molding
Living Room/Dining Room Combo
Primary Bedroom Main Floor
Solid Surface Counters
Split Bedroom
Window Treatments
Balcony
Tennis Court(s)
Association Recreation - Owned
Buyer Approval Required
Clubhouse
Community Mailbox
Deed Restrictions
Pool
Dishwasher
Disposal
Dryer
Electric Water Heater
Microwave
Range
Refrigerator
Washer
Elementary
Southside Elementary

Districts can re-zone, so verify directly with the district before relying on these.

Flood Zone VE
Annual Tax (2025)
$8,208
Parcel #
0005021050

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Portobello
County
Sarasota
MLS Area
34228 - Longboat Key
Lot Size
-
Conservation AreaLandscapedNear Golf CourseNear Public TransitSidewalkPaved
Condo dues
$1,625/mo
Lighthouse Prop Mgmt David Novak

Price history

Date
Event
Price
7/22/2026
Price change
Source: Stellar MLS #A4686024
$880,000-1.7%
$585/sqft
-
Price change
Source: Stellar MLS #A4686024
$895,000-1.1%
$595/sqft
3/13/2026
Listed for sale
Source: Stellar MLS #A4686024
$905,000
$601/sqft

Neighborhood

3240 Gulf Of Mexico Dr #B402
Longboat Key, FL, 34228 · 34228 - Longboat Key

Market insights

Offer Insights

Choose an offer strength

List price: $880,000
$830,000 – $880,000
94.3% – 100% of listTops out right at the list price
80% of listList price
69 of the last 136 condo closings in 34228 landed at this number or higher (51%). The median one sat 86 days before it went under contract, and this one is on day 213 after a $25,000 cut.

Sample: 136 closed condo sales in 34228 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

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Calculator

Est. monthly payment
$7,339/mo
Principal & interest$4,590
Property taxes$684
Insurance$440
HOA$1,625
Down payment20% · $176,000
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. HOA includes any condo dues reported on the listing. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$880,000

$585 per sq ft

Beds and baths

2 beds, 2 baths

Size

1,505 sq ft

Time on market

213 days

Year built

1975

Monthly payment

About $7,339/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $8,208 annual tax bill, insurance, and $1,625/mo in condo dues.

Condo dues

$1,625/mo

Managed by Lighthouse Prop Mgmt David Novak.

Flood zone

Zone VE

That is a high-risk designation, so a lender will normally require flood insurance. Confirm the current rate before you write an offer.

Offer

What should I offer?

Have another question?

Brokered byPREFERRED SHORE LLCListing agent: Monica DeSommaListing data from Stellar MLS, MLS# A4686024.

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