$2,975,000
SOLD JUN 27, 2025

1241 Gulf of Mexico Dr Unit 708 Longboat Key, FL 34228

2 Beds
4 Baths
2,965 Sq Ft
$1,739/mo HOA Fee

Recently Sold

$1,003 Per Sq Ft

15% Below List Price

189 Days on Market

Highlights

  • Property fronts gulf or ocean
  • Intracoastal View
  • Clubhouse
  • Southside Elementary School Rated A
  • 2.11 Acre Lot
  • Marble Flooring

About This Home

As of June 2025

***FULLY FURNISHED TURN KEY OR UNFURNISHED FOR A DISCOUNTED PRICE*** One of the few units on the Florida west coast that has a beautiful and striking view of BOTH the pristine gulf waters, and Sarasota Bay. This home perched 7 stories high, has unobstructed 270 degree panoramic views which are enhanced by the 10 foot high ceilings. And what a bonus seeing downtown Sarasota all lit up at night! This condo has both comfort and beauty with its spacious floor plan. You will enjoy 2 en-suites, 4 full baths, in this well appointed 2965 sq. ft. unit. This is the Dover floor plan that is designed to have a 3rd bedroom or den option. Real maple hardwood flooring covers the living spaces and bedrooms. Tile flooring is in the kitchen, bathrooms and laundry room. This open concept floor plan is perfect for entertaining and enjoying all that comes with this property. Boasting a large eat-in kitchen with granite countertops, granite backsplash, center island and a generous breakfast area with views of the intercoastal waters. The Primary en-suite delivers his and hers separate bathrooms, jetted tub, dual entry shower, two large walk-in closets with built-ins, and a private terrace. The Water Club has gorgeous well kept grounds, Olympic sized heated pool and spa, 4 tennis courts, fitness center, library, billiard room, catering kitchen and ballroom. The Water Club seeks to accommodate with 24 hour security gated entry, and concierge services, you certainly will feel safe and pampered. This unit comes with a prime parking space in the garage and controlled climate storage units. The luxurious resort style complex features 600 feet of private pristine sandy beach along with the 17,000 square foot newly renovated clubhouse. Longboat Key has a small town remote cozy feeling and yet is close to St. Armands Circle, downtown Sarasota and everything else this area has to offer. The big question is furnished or unfurnished at a discounted price?

Last Agent to Sell the Property

Duane Ullrich

SHIRLEY INTERNATIONAL REALTY Brokerage Phone: 941-448-4872 License #3248021 Listed on: 11/01/2024

Last Buyer's Agent

Tyler Sajan

AVANTI WAY REALTY LLC License #3631184

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $22,034

Year Built

  • Built in 1996

Lot Details

  • Property fronts gulf or ocean
  • Southwest Facing Home
  • Street paved with bricks

HOA Fees

  • $1,739 Monthly HOA Fees

Parking

  • 1 Parking Garage Space

Property Views

  • Intracoastal
  • Full Gulf or Ocean

Home Design

  • Membrane Roofing
  • Concrete Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,965 Sq Ft Home
  • Crown Molding
  • Ceiling Fan
  • Great Room
  • Laundry Room

Kitchen

  • Built-In Oven
  • Cooktop
  • Ice Maker
  • Dishwasher

Flooring

  • Engineered Wood
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Balcony

Schools

  • Southside Elementary School
  • Booker Middle School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include 24-Hour Guard, common area taxes, pool, maintenance structure, ground maintenance, maintenance, management, recreational facilities
  • The Water Club Association, Phone Number (941) 387-7719
  • Water Club At Longboat Key Community
  • Water Club 01 At Longboat Key Subdivision
  • 11-Story Property

Amenities

  • Clubhouse

Pet Policy

  • Pets up to 35 lbs
  • 2 Pets Allowed
  • Breed Restrictions

Property Details

Home Type

Condominium

Est. Annual Taxes

$22,034

Year Built

Built in 1996

Lot Details

0

HOA Fees

$1,739 per month

Parking

1

Listing Details

  • HOA Fee Includes: Guard - 24 Hour, Common Area Taxes, Pool, Maintenance Structure, Maintenance Grounds, Maintenance, Management, Recreational Facilities
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Concrete
  • Fireplace: No
  • Living Area: 2965
  • Lot Size Acres: 2.11
  • New Construction: No
  • Year Built: 1996
  • Building Area Total: 3245
  • Lot Size Sq Ft: 91910
  • Directions to Property: On Longboat Key, turn into the Water Club on the gulf side on Gulf of Mexico Blvd. Unit is in the south tower.
  • Status: Sold
  • Ownership: Fee Simple
  • Available for Lease YN: 1
  • Escrow State: FL
  • Floor Number: 7
  • List Office Head Office Key Nume: 1047146
  • Minimum Lease: No Minimum
  • Number Of Pets: 2
  • RATIO Current Price By Calculate: 1003.37
  • Unit Number YN: 0
  • Water Access YN: 0
  • MFR_NumAssignedParkingSpaces: 1
  • MFR_InLawSuiteYN: 0
  • Attribution Contact: 941-448-4872
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Hardwood, Marble, Tile
  • Full Bathrooms: 4
  • Interior Amenities: Ceiling Fans(s), Crown Molding
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Electric Water Heater, Ice Maker
  • Foundation Details: Concrete Perimeter
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 11
  • Street Number Modifier: 1241
  • Living Area Meters: 275.46
  • Room Count: 4

Exterior Features

  • Direction Faces: Southwest
  • Exterior Features: Balcony
  • Roof: Membrane
  • Pool Private: No
  • Waterfront: Yes
  • Road Surface Type: Asphalt, Brick
  • Water Extras YN: 0
  • Water View: Gulf/Ocean - Full,Intracoastal Waterway
  • Water View YN: 1
  • Waterfront Feet Total: 0
  • Flood Zone Date: 2016-11-04
  • Flood Zone Panel: 12115C0126F

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Clubhouse
  • Association Fee: 5217
  • Association Fee Frequency: Quarterly
  • Association Name: The Water Club Association
  • Phone: 941-387-7719 ex7
  • Association: Yes
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Pet Restrictions: contact HOA for restrictions
  • Association Fee Requirement: Required
  • Building Name Number: SOUTH TOWER
  • Condo Land Included YN: 0
  • Max Pet Weight: 35
  • Montly Maint Amt Addition To HOA: 0
  • Pet Size: Small (16-35 Lbs.)

Fee Information

  • Total Annual Fees: 20868.00
  • Total Monthly Fees: 1739.00
  • Monthly HOA Amount: 1739.00

Schools

  • Elementary School: Southside Elementary
  • Middle Or Junior School: Booker Middle

Lot Info

  • Parcel Number: 0009112054
  • Additional Parcels: No
  • Flood Zone Code: AE
  • Homestead YN: 0
  • Lot Size Square Meters: 8539

Rental Info

  • Pets Allowed: Breed Restrictions
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: see condominium docs

Tax Info

  • Tax Annual Amount: 22034
  • Tax Book Number: 31-7
  • Tax Lot: 708

Multi Family

  • Waterfront Features: Gulf/Ocean
  • Approval Process: see condominium docs

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2024
Closed on
Jun 9, 2025
Sold by
Asbury Foundation For Theological Educat
Bought by
Sajan Anthony and Sajan Elizabeth
Seller's Agent
Duane Ullrich
SHIRLEY INTERNATIONAL REALTY
Buyer's Agent
Tyler Sajan
AVANTI WAY REALTY LLC
List Price
$3,495,000
Sold Price
$2,975,000
Premium/Discount to List
-$520,000
-14.88%
Views
13

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
116.04%
Original Mortgage
$2,231,250
Outstanding Balance
$2,231,250
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$1,159,973

Purchase Details

Closed on
Mar 14, 2024
Sold by
Bill Latimer Investments Inc
Bought by
Asbury Foundation For Theological Education I

Purchase Details

Closed on
Nov 1, 1999
Sold by
Levine Ellis S and Levine Suzanne W
Bought by
Bill Latimer Inv Inc

Purchase Details

Closed on
Jan 22, 1996
Sold by
Longboat Dev Ltd Ptnr
Bought by
Levine Ellis S and Levine Suzanne W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
7.15%
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $2,975,000 Stewart Title Company
Special Warranty Deed $100 None Listed On Document
Warranty Deed $1,050,000 --
Deed $676,100 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,231,250 New Conventional
Previous Owner $320,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2025 06/27/25 Sold $2,975,000 0.0% $1,003 / Sq Ft
05/09/2025 05/09/25 Pending -- -- --
05/01/2025 05/01/25 Off Market $2,975,000 -- --
01/15/2025 01/15/25 Price Changed $3,475,000 -0.1% $1,172 / Sq Ft
01/11/2025 01/11/25 Price Changed $3,480,000 -0.1% $1,174 / Sq Ft
01/06/2025 01/06/25 Price Changed $3,485,000 -0.3% $1,175 / Sq Ft
11/01/2024 11/01/24 For Sale $3,495,000 -- $1,179 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

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 $22,034 $1,456,247 -- --
2023 $22,034 $1,981,300 $0 $1,981,300
2022 $19,129 $1,609,900 $0 $1,609,900
2021 $15,892 $1,094,100 $0 $1,094,100
2020 $15,550 $1,043,300 $0 $1,043,300
2019 $20,196 $1,390,000 $0 $1,390,000
2018 $19,531 $1,334,700 $0 $1,334,700
2017 $19,872 $1,334,800 $0 $1,334,800
2016 $20,271 $1,334,800 $0 $1,334,800
2015 $19,746 $1,264,500 $0 $1,264,500
2014 $23,216 $1,209,758 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4627486

Stellar MLS

APN: 0009-11-2054