340 GULF OF MEXICO DRIVE, #136, Longboat Key, FL, 34228 | $3,295,000

Two-level penthouses at Tangerine Bay Club are a rare offering, and this south-facing corner residence elevates the standard. Recently reimagined with refined sophistication, this nearly 3, 000-square-foot getaway captures breathtaking panoramic views of Sarasota Bay, the city skyline, and lush coastal mangroves. Perfectly situated to ensure ultimate privacy with two coveted terraces and peaceful neighboring nature preserves. The exclusive layout lives like a single-family home, featuring private access through a private courtyard and a coveted two-car garage. Inside, coastal elegance meets thoughtful craftsmanship. The open-concept design has been curated with premium enhancements including impact-rated Andersen windows, motorized storm shutters, custom LED lighting, and California Closets throughout. A dramatic living room with vaulted ceilings and skylight is centered around a gas fireplace and built-in entertainment wall, while walls of glass frame picturesque bay views and open onto two expansive terraces, ideal for indoor-outdoor living. At the heart of the home, the gourmet kitchen impresses with top-tier finishes: honed marble countertops, a striking island with leathered stone, custom cabinetry by Campbell Cabinetry Designs, and chef-caliber appliances—including a La Cornue dual-fuel range with French plate, built-in Flamberge rotisserie oven, galley sink, wine cooler, and Sub-Zero beverage drawers. A dining nook and formal dining space offer versatile options for entertaining or casual meals. The primary suite is a peaceful retreat tucked onto the east wing. It offers terrace access, custom wardrobe systems, and a luxurious en-suite bath clad in quartz with a freestanding tub, double vanities, and walk-in steam shower. A second bedroom with nearby full bath is currently styled as a den, while upstairs, a lofted lounge with built-ins and third bedroom suite create an ideal space for guests or work-from-home flexibility. Tangerine Bay Club is a resort-style community known for its Mediterranean-inspired architecture, lush tropical landscaping, and premier location on Longboat Key’s southern end. Residents enjoy a long list of amenities: a 25-meter heated pool and spa on a private island, tennis and pickleball courts, fitness center, kayak launch, walking paths, vibrant social calendar, and a day dock (first-come, first-serve). Optional membership to the exclusive Bay Isles Beach Club provides deeded access to a private stretch of the Gulf’s sugar-white sand. Just outside the gates, enjoy proximity to world-class offerings including Longboat Key Club, Dry Dock Waterfront Grill, Chart House, and golf and marina access at Harbourside. A short drive brings you to the boutiques and fine dining of St. Armands Circle, and the cultural heartbeat of downtown Sarasota’s art galleries, theaters, and restaurants.

Features

  • Elevator: Y
  • Heating: Central, Electric, Heat Pump, Zoned
  • Cooling: Central Air, Zoned
  • Levels: 4
  • Amenities: Clubhouse, Elevator(s), Fitness Center, Gated, Maintenance, Pool, Recreation Facilities, Spa/Hot Tub, Storage, Tennis Court(s), Vehicle Restrictions
  • Rooms: 9
  • Bedrooms: 3
  • Baths: 3 full / 1 half
  • Laundry: Inside, Laundry Room
  • Complex: TANGERINE BAY CLUB
  • Year Built: 1991
  • Approx Sq. Feet: 2,880
  • Acreage: 10.95
  • Est. Taxes: $22,280
  • Condo Fee: $8,700 Quarterly
  • Lot Desc: Flood Insurance Required, FloodZone, In County, Landscaped, Near Golf Course, Near Marina, Oversized Lot, Private, Sidewalk
  • View: City, Water
  • Pet Policy: Number Limit, Size Limit, Yes
  • Appliances: Bar Fridge, Built-In Oven, Convection Oven, Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Range, Range Hood, Refrigerator, Tankless Water Heater, Washer, Wine Refrigerator
  • MLS#: A4648465
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/A4648465/340gulfofmexicodrive_longboatkey_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 4/23/2025 7:17:10 PM)
Listing courtesy of Coldwell Banker Realty   Phone: 941-383-6411

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340 GULF OF MEXICO DRIVE, #136, Longboat Key, FL, 34228

$3,295,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $2,636,000 $2,636,000 $2,636,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.625% 6.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.861% 6.727% 6.540%
Monthly Tax Payment $1,857 $1,857 $1,857
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $16,017 $16,879 $22,782
Total Monthly Payment $17,999 $18,861 $24,764

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.