$1,500,000
$500K PRICE DROP

Promenade 1211 Gulf of Mexico Dr Unit 702 Longboat Key, FL 34228

Estimated payment $11,801/month

Total Views 5,606
3 Beds
3 Baths
2,100 Sq Ft
$714 Price per Sq Ft

Highlights

  • Beach Front
  • White Water Ocean Views
  • Fitness Center
  • Southside Elementary School Rated A
  • Water access To Gulf or Ocean
  • Heated In Ground Pool

About This Home

Enjoy breathtaking 270-degree views from the gulf to the bay in this exceptionally furnished 2,100-square-foot residence. The deluxe primary suite boasts dual walk-in closets and a beautifully renovated en-suite bath. The guest suite features a queen-sized Murphy bed, en-suite bath and walk-in closet, while the den, thoughtfully designed as a third en-suite guest room, includes a queen Murphy bed, built-in closets and its en-suite bath, all while remaining open to the great room to maximize stunning views. Designed for comfort and style, the split/open floor plan includes a large great room, eat-in kitchen with breakfast nook, and laundry/utility room. Two expansive south-facing balconies provide spectacular sunrise views over the bay, midday island and beach panoramas, and the twinkling lights of downtown Sarasota at night, ensuring uninterrupted Longboat Key beauty at all hours. Promenade is one of Longboat Key’s premier gulf-front condominiums, recently refreshed with renovated lobbies and common areas. Enjoy world-class amenities, including a large geometric pool and spa, lush tropical gardens, terraces and gazebos, state-of-the-art fitness center, event and gathering rooms with a full kitchen, tennis courts, 24-hour guarded gate and full-time concierge, private beach chairs and umbrellas for residents and guests. Ideally on southern Longboat Key, Promenade is just moments from the Longboat Key Club, St. Armands Circle and downtown Sarasota. Don’t miss the opportunity to experience the ultimate coastal lifestyle in this desirable gulf-front retreat!

Listing Agent

Jo Rutstein

PREMIER SOTHEBY'S INTERNATIONAL REALTY Brokerage Phone: 941-364-4000 License #3085661 Listed on: 03/01/2025

PREMIER SOTHEBY'S INTERNATIONAL REALTY

Co-Listing Agent

Hilary Souza

PREMIER SOTHEBY'S INTERNATIONAL REALTY Brokerage Phone: 941-364-4000 License #3530439

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $15,713

Year Built

  • Built in 1985

Lot Details

  • Southeast Facing Home
  • Landscaped with Trees
  • Garden

HOA Fees

  • $2,500 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Basement Garage
  • Common or Shared Parking
  • Garage Door Opener
  • Secured Garage or Parking
  • Guest Parking
  • 1 Assigned Parking Space

Property Views

Home Design

  • Entry on the 6th floor
  • Pillar, Post or Pier Foundation
  • Concrete Roof
  • Concrete Siding
  • Stucco

Interior Spaces

  • 2,100 Sq Ft Home
  • Open Floorplan
  • Furnished
  • Built-In Features
  • Built-In Desk
  • High Ceiling
  • Ceiling Fan
  • Window Treatments
  • Sliding Doors
  • Great Room
  • Combination Dining and Living Room
  • Breakfast Room
  • Inside Utility
  • Security Gate

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Walk-In Pantry
  • Range
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • En-Suite Bathroom
  • Walk-In Closet
  • 3 Full Bathrooms
  • Makeup or Vanity Space
  • Private Water Closet
  • Whirlpool Bathtub
  • Bathtub With Separate Shower Stall
  • Shower Only
  • Multiple Shower Heads

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gunite Pool
  • Outdoor Shower
  • Pool Lighting

Outdoor Features

  • Water access To Gulf or Ocean
  • Property is near a marina
  • Wrap Around Porch
  • Exterior Lighting
  • Gazebo
  • Separate Outdoor Workshop
  • Outdoor Storage
  • Outdoor Grill

Location

  • Property is near public transit
  • Property is near a golf course

Utilities

  • Central Air
  • Heating Available
  • Thermostat
  • Electric Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include 24-Hour Guard, common area taxes, pool, escrow reserves fund, insurance, maintenance structure, ground maintenance, maintenance, management, pest control, recreational facilities, security, sewer, trash, water
  • Promenade Community
  • Promenade Subdivision
  • Association Owns Recreation Facilities
  • 11-Story Property

Amenities

  • Community Storage Space
  • Elevator

Recreation

  • Recreation Facilities
  • Shuffleboard Court
  • Community Spa

Pet Policy

  • No Pets Allowed

Security

  • Security Guard
  • Card or Code Access
  • Gated Community
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$15,713

Year Built

Built in 1985

Lot Details

0

HOA Fees

$2,500 per month

Parking

1

Listing Details

  • HOA Fee Includes: Guard - 24 Hour, Common Area Taxes, Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Maintenance, Management, Pest Control, Recreational Facilities, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Concrete, Stucco
  • Fireplace: No
  • Living Area: 2100
  • Lot Size Acres: 7.87
  • New Construction: No
  • Year Built: 1985
  • Building Area Total: 2320
  • Lot Size Sq Ft: 342869
  • Directions to Property: Gulf of Mexico Dr to West into Promenade entrance. Obtain fob to enter the lobby at the guard gate. Unit is located on the 7th floor.
  • Status: Active
  • Co List Office Mls Id: MFR281519790
  • Co List Office Phone: 941-364-4000
  • Ownership: Condominium
  • Available for Lease YN: 1
  • Escrow State: FL
  • Floor Number: 6
  • List Office Head Office Key Nume: 537903989
  • Minimum Lease: 3 Months
  • RATIO Current Price By Calculate: 714.29
  • Unit Number YN: 0
  • Water Access YN: 1
  • Condo Fees Term: Quarterly
  • Property Description: Corner Unit,End Unit,High Rise
  • MFR_NumAssignedParkingSpaces: 1
  • MFR_InLawSuiteYN: 0
  • MFR_CommunityAssociationWaterFeatures: Gulf/Ocean Front,Water Access,Waterfront
  • Attribution Contact: 941-364-4000
  • Tax Year: 2024
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile
  • Full Bathrooms: 3
  • Interior Amenities: Built-in Features, Ceiling Fans(s), Eat-in Kitchen, Elevator, High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Wood Cabinets, Split Bedroom, Stone Counters, Thermostat, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Washer
  • Foundation Details: Pillar/Post/Pier
  • Total Bedrooms: 3
  • Levels: One
  • Spa Features: Heated, In Ground
  • Spa Yn: Yes
  • Stories: 11
  • Street Number Modifier: 1211
  • Additional Rooms: Breakfast Room Separate,Great Room,Inside Utility
  • Living Area Meters: 195.10
  • Room Count: 5

Exterior Features

  • Direction Faces: Southeast
  • Other Structures: Gazebo, Storage, Tennis Court(s), Workshop
  • Pool Features: Gunite, Heated, In Ground, Lighting
  • Exterior Features: Balcony, Garden, Lighting, Outdoor Grill, Outdoor Shower, Sidewalk, Sliding Doors, Storage, Tennis Court(s)
  • Roof: Concrete
  • Pool Private: No
  • View: City, Tennis Court, Water
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Wrap Around
  • Road Surface Type: Paved
  • Water Access: Beach,Gulf/Ocean
  • Water Extras YN: 0
  • Water View: Bay/Harbor - Full,Beach,Gulf/Ocean - Full,Gulf/Ocean to Bay,Intracoastal Waterway
  • Water View YN: 1
  • Waterfront Feet Total: 0

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Assigned, Common, Garage Door Opener, Guest, Basement

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Phone Available, Public, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Clubhouse, Fitness Center, Gated Community - Guard, Pool, Sidewalks, Tennis Court(s)
  • Association Amenities: Clubhouse, Elevator(s), Fitness Center, Gated, Lobby Key Required, Pool, Recreation Facilities, Security, Shuffleboard Court, Spa/Hot Tub, Storage, Tennis Court(s)
  • Association: Yes
  • Security: Fire Sprinkler System, Gated Community, Secured Garage/Parking, Security Gate
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Association Fee Requirement: None
  • Building Name Number: PROMENADE OF LONGBOAT KEY
  • Condo Fees: 7500
  • Condo Land Included YN: 0
  • Montly Maint Amt Addition To HOA: 0
  • Monthly Condo Fee Amount: 2500

Fee Information

  • Total Annual Fees: 30000.00
  • Total Monthly Fees: 2500.00

Lot Info

  • Parcel Number: 0009111074
  • Additional Parcels: No
  • Lot Features: Near Golf Course, Near Marina, Near Public Transit, Sidewalk
  • Flood Zone Code: X
  • Homestead YN: 0
  • Lot Size Square Meters: 31854

Green Features

  • Green Verification Count: 0

Rental Info

  • Furnished: Furnished
  • Pets Allowed: No
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Refer to association docs

Tax Info

  • Tax Annual Amount: 15713.3
  • Tax Book Number: 25-1
  • Tax Lot: 702

Multi Family

  • Waterfront Features: Beach Front, Gulf/Ocean
  • Approval Process: Refer to association docs

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $14,356 $1,011,294 -- --
2023 $14,356 $1,191,400 $0 $1,191,400
2022 $12,908 $1,027,000 $0 $1,027,000
2021 $11,230 $759,800 $0 $759,800
2020 $10,888 $717,500 $0 $717,500
2019 $11,712 $792,700 $0 $792,700
2018 $11,331 $761,100 $0 $761,100
2017 $11,526 $761,200 $0 $761,200
2016 $11,251 $761,000 $0 $761,000
2015 $9,889 $633,300 $0 $633,300
2014 $9,328 $556,000 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2025 07/14/25 Price Changed $1,500,000 -10.4% $714 / Sq Ft
07/09/2025 07/09/25 Price Changed $1,675,000 -4.3% $798 / Sq Ft
04/15/2025 04/15/25 Price Changed $1,750,000 -5.4% $833 / Sq Ft
03/27/2025 03/27/25 Price Changed $1,850,000 -7.5% $881 / Sq Ft
03/01/2025 03/01/25 For Sale $2,000,000 -- $952 / Sq Ft
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Personal Reps Deed $470,000 --
Personal Reps Deed $470,000 --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $650,000 No Value Available
Closed $650,000 No Value Available
Previous Owner $239,000 No Value Available
Source: Public Records

Source: Stellar MLS

MLS Number: A4642642

Stellar MLS

APN: 0009-11-1074