340 Gulf Of Mexico Dr #136, photo 1
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Overview

3 bd4 ba2,880 sqft2 car garageCondominium
TypeCondominium
Condo dues$3,100/mo
Built1991
Lot477,011 sqft
Living area2,880 sqft
Price / sqft$1,040
Garage2 car

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

About this home

Built-in FeaturesCathedral Ceiling(s)Eat-in KitchenHigh CeilingsLiving Room/Dining Room ComboOpen FloorplanPrimary Bedroom Main FloorSolid Surface Counters

340 Gulf Of Mexico Dr #136 is a 1991-built home in Tangerine Bay Club, Longboat Key. Inside you'll find 3 bedrooms, 4 bathrooms, and 2,880 square feet of living space. Listed at $2,995,000 (about $1,040/sqft), 10 days on market. Flood zone AE - confirm flood insurance requirements with your lender. Condo dues run $3,100 monthly.

From the listing

Rarely available and distinctly different from traditional condominium living, this two-level penthouse at Tangerine Bay Club pairs nearly 3,000 square feet of beautifully reimagined interiors with sweeping bay views and the privacy of a single-family home. Positioned on a coveted south-facing corner, Residence #136 captures an extraordinary panorama encompassing the bay, downtown Sarasota skyline and protected mangrove preserves. Two generous terraces, a private courtyard entry and a private two-car garage further distinguish this exceptional residence. Inside, the renovation strikes a sophisticated balance between coastal ease and thoughtful design. Soaring vaulted ceilings amplify the natural light, while expansive walls of glass keep bay vistas at the forefront of the main living spaces. A gas fireplace and custom entertainment wall create a dramatic focal point, and direct access to the terraces extends everyday living and entertaining outdoors. Impact-rated Andersen windows, motorized storm shutters, custom LED lighting and California Closets add another layer of comfort and functionality. At the heart of the main level, the gourmet kitchen was designed as much for entertaining as for the serious home chef. Honed marble countertops complement a substantial leathered-stone island and custom cabinetry. A remarkable collection of appliances and culinary features includes a La Cornue dual-fuel range with French plate, Flamberge rotisserie oven, galley sink, wine cooler and Sub-Zero beverage drawers. An adjoining breakfast area provides a relaxed place to begin the day, while the formal dining area accommodates larger gatherings against the backdrop of the residence’s open living spaces. Privately positioned, the primary suite is a serene retreat with direct terrace access, custom closets and a beautifully appointed spa-inspired bath. Quartz surfaces, dual vanities, a freestanding soaking tub and expansive walk-in steam shower create a luxurious setting. Also on the main level, the second bedroom is currently arranged as a den with a nearby full bath, providing flexibility for guests, an office or additional living space. Upstairs, the home reveals another dimension: a lofted lounge with custom built-ins overlooks the living areas below, while a private third en-suite bedroom creates an ideal retreat for visiting family and friends. The separation between levels allows the residence to live comfortably whether hosting a full house or enjoying it as a private island escape. Outdoor living is equally compelling. Two terraces capitalize on the penthouse’s south-facing orientation and elevated perspective. Combined with the private courtyard entrance and two-car garage, these spaces reinforce the feeling of a home. Tangerine Bay Club is one of Longboat Key’s distinctive resort-style communities, recognized for its lush mature landscaping and exceptional location at the southern end of the island. Residents enjoy a 25-meter heated pool and spa set on a private island, tennis and pickleball, fitness, kayak launch, walking paths and a day dock available on a first-come basis. Adding to the community’s appeal, Tangerine Bay Club successfully completed its milestone inspection without requiring repairs, maintains healthy reserves and, at this time, has no special assessments anticipated. Optional membership to the Bay Isles Beach Club provides access to a private beach, adding another dimension to the Longboat Key lifestyle.

The essentials

Built
1991
Price / sqft
$1,040
On market
10 days
Annual tax
$22,280
Condo dues
$3,100/mo
Flood zone
AE
Lot
477,011 sqft
Type
Condominium

At a glance

Condo
4 stories · 1991
Waterfront
Bay/Harbor
Community pool
Fitness center too
2 car garage
Deeded
Private balcony
Outdoor space

Payment

Est. monthly payment
$22,074/mo
Down payment (20%)
$599,000
Property taxes
$1,857/mo
Condo dues
$3,100/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Condominium
Year Built
1991
Lot
477,011 sqft
Cooling
Central Air, Zoned
Heating
Central, Electric, Heat Pump, Zoned
Parking
Deeded, Garage Door Opener, Ground Level, Guest, Basement
Waterfront
Bay/Harbor
Days on Market
10
Built-in Features
Cathedral Ceiling(s)
Eat-in Kitchen
High Ceilings
Living Room/Dining Room Combo
Open Floorplan
Primary Bedroom Main Floor
Solid Surface Counters
Solid Wood Cabinets
Split Bedroom
Stone Counters
Vaulted Ceiling(s)
Walk-in Closet(s)
Window Treatments
Balcony
Courtyard
Hurricane Shutters
Lighting
Sidewalk
Storage
Tennis Court(s)
Association Recreation - Owned
Buyer Approval Required
Clubhouse
Community Mailbox
Deed Restrictions
Fitness Center
Gated Community - No Guard
Pool
Sidewalks
Bar Fridge
Built-in Oven
Convection Oven
Dishwasher
Disposal
Dryer
Ice Maker
Microwave
Range
Range Hood
Refrigerator
Tankless Water Heater
Washer
Wine Refrigerator
Flood Zone AE
Annual Tax (2024)
$22,280
Parcel #
0012051018

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
Tangerine Bay Club
County
Sarasota
MLS Area
34228 - Longboat Key
Lot Size
477,011 sqft
Flood Insurance RequiredFloodZoneIn CountyLandscapedNear Golf CourseNear MarinaOversized LotPrivateSidewalk
Condo dues
$3,100/mo
MICHAEL CANACARI

Price history

Date
Event
Price
10/1/2026
Listed for sale
Source: Stellar MLS #A4707766
$2,995,000
$1,040/sqft

Neighborhood

340 Gulf Of Mexico Dr #136
Longboat Key, FL, 34228 · 34228 - Longboat Key

Market insights

Offer Insights

Choose an offer strength

List price: $2,995,000
$2.82M – $3.00M
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 10.

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

Talk through an offer with our team

Calculator

Est. monthly payment
$22,074/mo
Principal & interest$15,620
Property taxes$1,857
Insurance$1,498
HOA$3,100
Down payment20% · $599,000
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

$2,995,000

$1,040 per sq ft

Beds and baths

3 beds, 4 baths

Size

2,880 sq ft

Time on market

10 days

Year built

1991

Monthly payment

About $22,074/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $22,280 annual tax bill, insurance, and $3,100/mo in condo dues.

Condo dues

$3,100/mo

Managed by MICHAEL CANACARI.

Flood zone

Zone AE

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 byCOLDWELL BANKER REALTYListing agent: Roger PettingellListing data from Stellar MLS, MLS# A4707766.

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