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$3,850,000 Just Listed

  • For Sale
  • Active
  • Condo
  • 3 Beds
  • 3 Full Baths
  • 2,650 Sq. Ft.
  • Updated 1 day ago
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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.

Full Property Details for 1241 Gulf of Mexico Dr #506

General

  • Price: $3,850,000
  • HOA FEE: $2,554/month
  • HOA FEE FREQ.: Quarterly
  • Taxes: $27,928 (2025)
  • Status: Active
  • Type: Condo
  • Source: MidFloridaRegionalMLS
  • MLS ID: A4689658
  • Updated: 5/6/2026
  • Added to Site: 1 day(s) ago

Rental Information

  • Min. Lease: 3 Months

Interior

  • Number of Rooms: 7
  • Interior Features: Built-in Features, Ceiling Fan(s), Crown Molding, Eating Space In Kitchen, Elevator, High Ceilings, Kitchen and Family Room Combination, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Smart Home, Solid Surface Counters, Stone Counters, Thermostat, Wet Bar
  • 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
  • Furnishings: Negotiable
  • Flooring: Porcelain Tile

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Laundry: Inside

Additional Information

  • Security/Safety: Gated Community, Key Card Entry, Smoke Detector(s)

Exterior

  • Exterior Features: Balcony, Courtyard, Garden, Outdoor Grill, Outdoor Kitchen, Sauna, Sidewalk, Sliding Doors, Storage, Tennis Court(s)

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 1
  • Covered Spaces: 1

Location

  • Area: 34228 - Longboat Key
  • County: Sarasota
  • Development Name: 34228 - Longboat Key
  • Subdivision: WATER CLUB 01 AT LONGBOAT KEY
  • Driving Directions: Gulf of Mexico Dr to West into Water Club. Through guard gate proceed straight and then to left to the South building.
  • Direction Faces: Northwest

Community

  • Community Name: 34228 - Longboat Key
  • Community Features: Gulf/Ocean Front, Water Access, Waterfront, Buyer Approval Required, Clubhouse, Fitness Center, Gated Community - Guard, Pool, Sidewalks, Tennis Court(s)
  • Association: Yes
  • Assoc. Name: Lance Heide
  • Assoc. Fees Include: 24-Hour Guard, Cable TV, Community Pool, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Maintenance Repairs, Manager, Pest Control, Pool Maintenance, Recreational Facilities, Security, Sewer, Trash, Water
  • Number of Pets: 2
  • Pet Restrictions: Refer to association documents., / 35lbs.

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: BB/HS Internet Available, Cable TV Available, Cable Connected, Electricity Available, Electricity Connected, Phone Available

Structural Information

  • Exterior Const.: Concrete
  • Roof: Concrete
  • Windows: Blinds, Tinted Windows
  • Stories/Levels: One
  • Square Feet: 2,650
  • Sq. Ft. Source: Public Records
  • Year Built: 1996

Additional Structures

  • Other Structures: Tennis Court(s)

Lot Features

  • Property View: Pool, Water
  • Lot Size (Acres): 2.11
  • Lot Size (Sq. Ft.): 91,910
  • Lot Size: 2.11
  • Street/Road Desc.: Asphalt, Concrete, Paved

Water Features

  • Water View: Yes
  • Water Access: Yes
  • Water Access Desc: Beach, Gulf/Ocean
  • Water Front Desc.: Gulf/Ocean Front, Waterfront

Green Features

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

Financial Considerations

  • Assoc Fee Freq.: Quarterly
  • Assoc Fee Desc.: Required
  • Condo Fee: $7,661
  • Condo Fee Freq: Quarterly
  • Tax Amount: $27,928.47
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Condominium
  • Special Conditions: None
  • Legal Description: UNIT 506 THE WATER CLUB 1 AT LONGBOAT KEY
  • Flood Zone Info: AE
  • APN: 9112036
  • Property ID: 9112036

Listed by Lpt Realty, Llc

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— 1241 Gulf of Mexico Dr #506 —

  • Lpt Realty, Llc

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 1241 Gulf of Mexico Dr #506

School District:Sarasota County School District
NameGradesDistance
Southside Elementary School, Sarasota, FL
1901 Webber Street, Sarasota, FL 34239
PK-55.5 mi
Booker Middle School
2250 Myrtle Street, Sarasota, FL 34234
6-85.3 mi
Booker High School
3201 North Orange Avenue, Sarasota, FL 34234
9-124.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1241 Gulf of Mexico Dr #506 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/06/2026
Listed
$3,850,000
37.5%
MLS
5/14/2024
Sold
$2,800,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1241 Gulf of Mexico Dr #506

Year
Property Taxes
Change
Tax Assessment
Change
2025
$27,928
92%
$2,100,200
86%
2024
$14,539
-1%
$1,128,856
3%
2023
$14,621
-1%
$1,095,977
6%
2021
$14,714
2%
$1,033,063
-3%
2022
$14,394
-2%
$1,064,055
4%
2021
$14,714
-16%
$1,018,800
-17%
2019
$17,479
1%
$1,222,624
2%
2018
$17,267
-10%
$1,199,827
-6%
2017
$19,105
1%
$1,270,300
—
2016
$18,895
6%
$1,270,300
17%
2015
$17,867
5%
$1,085,612
10%
2014
$17,012
26%
$986,920
10%
2013
$13,459
—
$897,200
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Lpt Realty, Llc

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1241 Gulf Of Mexico Drive #506, Longboat Key, FL 34228 (MLS# A4689658) is a Condo property with 3 bedrooms and 3 full bathrooms. 1241 Gulf Of Mexico Drive #506 is currently listed for $3,850,000 and was received on May 06, 2026. Want to learn more about 1241 Gulf Of Mexico Drive #506? Do you have questions about finding other Condo real estate for sale in Longboat Key? You can browse all Longboat Key real estate or contact a Coldwell Banker agent to request more information.

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