Listing provided courtesy of LPT REALTY, LLCas Distributed by MLSGrid- MLS# MFRA4689658MLS Provider

1241 GULF OF MEXICO DRIVE #506LONGBOAT KEY, FL 34228

Condo · 3 Beds · 3 Full Baths · 2,650 Sq. ft. | 2.11 Acres
$3,850,000 Active

1241 GULF OF MEXICO DRIVE #506 Overview

Time on Site:
55 days
Visits:
0

Welcome to coastal luxury redefined at the Water Club on Longboat Key. This fully reimagined residence at 1241 Gulf of Mexico Dr, Unit 506 has undergone a complete, top-to-bottom renovation completed in 2025, offering a like-new living experience in one of Florida’s most sought-after beachfront communities. No detail was overlooked—featuring a brand-new designer kitchen with premium finishes, fully renovated bathrooms, new flooring throughout, updated trim, modern lighting, and fresh interior paint. The home is further elevated by a whole-home Lutron system, delivering effortless, customizable lighting control and a true smart-luxury experience. Positioned in the highly desirable south building and an even-numbered unit (ideal for sunset views over the Gulf), this residence captures some of the most breathtaking winter sunset views—where the sun sets between the buildings, creating a rare and unforgettable coastal backdrop. Residents enjoy an unparalleled resort lifestyle at The Water Club, featuring an exceptional collection of amenities including Har-Tru tennis courts, a resort-style beachfront pool and spa, state-of-the-art fitness center, saunas, locker rooms, elegant clubhouse, library, and private event spaces. With 24-hour security, concierge-level services, and meticulously maintained grounds, The Water Club offers the ultimate in privacy, comfort, and luxury coastal living. Whether as a full-time residence or seasonal retreat, this is Gulf-front living at its absolute finest.

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1241 GULF OF MEXICO DRIVE #506 Facts & Features

  • Type Condo
  • Sq. ft. 2,650
  • Price/Sq.ft. $1,453
  • Lot 2.11 Acres

Details

General

Association/HOA

  • Association Fee Frequency: Quarterly
  • Association Fee Includes: Guard - 24 Hour,Cable TV,Pool,Insurance,Internet,Maintenance Structure,Maintenance Grounds,Maintenance,Management,Pest Control,Recreational Facilities,Security,Sewer,Trash,Water
  • Association Name: Lance Heide
  • Association: Yes

Green Features

  • Green Energy Efficient: Appliances,Lighting,Thermostat,Water Heater

Building Information

  • New Construction: No
  • Year Built: 1996

Location/Region

  • Country: US
  • County Or Parish: Sarasota
  • MLS Area Major: 34228 - Longboat Key
  • Subdivision Name: WATER CLUB 01 AT LONGBOAT KEY
  • Township: 36S

Community/Development

  • Community Features: Buyer Approval Required,Clubhouse,Fitness Center,Gated Community - Guard,Pool,Sidewalks,Tennis Court(s)

Tax Information

  • Tax Annual Amount: 27928.47
  • Tax Year: 2025

General Information

  • Furnished: Negotiable
  • Listing Terms: Cash,Conventional
  • Ownership: Condominium
  • Pets Allowed: Number Limit,Size Limit,Yes
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 1
  • Garage: Yes

Beds/Baths

  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Bathrooms Total: 3
  • Bedrooms Total: 3

Building Interior

  • Building Area Source: Public Records
  • Building Area Total: 3106
  • Building Area Units: Square Feet

General Information

  • Appliances: Bar Fridge,Built-In Oven,Cooktop,Dishwasher,Disposal,Dryer,Exhaust Fan,Freezer,Gas Water Heater,Ice Maker,Microwave,Range,Range Hood,Refrigerator,Washer,Wine Refrigerator
  • Cooling: Central Air
  • Fireplace: No
  • Flooring: Tile
  • Foundation Details: Concrete Perimeter
  • Heating: Central
  • Interior Features: Built-in Features,Ceiling Fans(s),Crown Molding,Eat-in Kitchen,Elevator,High Ceilings,Kitchen/Family Room Combo,Living Room/Dining Room Combo,Open Floorplan,Primary Bedroom Main Floor,Smart Home,Solid Surface Counters,Stone Counters,Thermostat,Wet Bar
  • Laundry Features: Inside
  • Levels: One
  • Living Area: 2650
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Security Features: Gated Community,Key Card Entry,Smoke Detector(s)
  • Stories Total: 1
  • Window Features: Blinds,Tinted Windows

Unit Information

  • Unit Number: 506

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Acres: 2.11
  • Lot Size Square Feet: 91910
  • Road Surface Type: Asphalt,Concrete,Paved
  • Water Source: Public

Waterfront/View

  • View: Pool,Water
  • Waterfront: No

Building Exterior/Construction

  • Attached Garage: Yes
  • Construction Materials: Concrete
  • Direction Faces: Northwest
  • Roof: Concrete

General Information

  • Carport: No
  • Exterior Features: Balcony,Courtyard,Garden,Outdoor Grill,Outdoor Kitchen,Sauna,Sidewalk,Sliding Doors,Storage,Tennis Court(s)
  • Other Structures: Tennis Court(s)
  • Pool Private: No
  • Sewer: Public Sewer
  • Utilities: BB/HS Internet Available,Cable Available,Cable Connected,Electricity Available,Electricity Connected,Phone Available

Room Information

Room: Balcony/Porch/Lanai

  • Level: First
  • Dimensions: 10x31
  • Length: 31
  • Width: 10

Room: Balcony/Porch/Lanai

  • Level: First
  • Dimensions: 12x11
  • Length: 11
  • Width: 12

Room: Bedroom 2

  • Level: First
  • Dimensions: 11x15
  • Length: 15
  • Width: 11
  • Features: Ceiling Fan(s),En Suite Bathroom,Exhaust Fan

Room: Bedroom 3

  • Level: First
  • Dimensions: 12x15
  • Length: 15
  • Width: 12
  • Features: Ceiling Fan(s)

Room: Great Room

  • Level: First
  • Dimensions: 22x22
  • Length: 22
  • Width: 22
  • Features: Breakfast Bar

Room: Kitchen

  • Level: First
  • Dimensions: 13x17
  • Length: 17
  • Width: 13
  • Features: Bar,Breakfast Bar,Built-In Shelving,Ceiling Fan(s)

Room: Primary Bedroom

  • Level: First
  • Dimensions: 14x20
  • Length: 20
  • Width: 14
  • Features: Ceiling Fan(s),Double Vanity,En Suite Bathroom,Exhaust Fan,Makeup/Vanity Space,Rain Shower Head,Tub with Separate Shower Stall,Water Closet/Priv Toilet,Window/Skylight in Bath

1241 GULF OF MEXICO DRIVE #506 Neighborhood

Community

34228 (LONGBOAT KEY) Demographics

71
Median Age
575
Population Density (per sq. mile)
71%
College Educated
$108,015
Estimated Median Income
3,741
Estimated Total Home Owners
198
Estimated Total Renters
95% / 5%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1241 GULF OF MEXICO DRIVE #506 Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1241 GULF OF MEXICO DRIVE #506 Market Data

Based on the last 30 days in this zip code

$1,987,350
Average List Price
$1,018
Average Price per Square Foot
63
Properties Sold
168
Average Days on Market
415
Properties for Sale
Calculations provided by Reliance Network

1241 GULF OF MEXICO DRIVE #506 History

Date Event Value Agent
5/6/2026Source: My Florida Regional MLS Added to Database
May 06, 2026
5/15/2024Source: My Florida Regional MLS Status Change
Sold
3/12/2024Source: My Florida Regional MLS Status Change
Pending
3/4/2024Source: My Florida Regional MLS Added to Database
March 04, 2024
10/14/2022Source: My Florida Regional MLS Added to Database
October 14, 2022