NOT LISTED FOR SALE

370 Gulf of Mexico Dr Unit 415 Longboat Key, FL 34228

Estimated Value: $1,048,000 - $1,737,000

3 Beds
2.5 Baths
2,480 Sq Ft
$2,900/mo HOA Fee

Last Sold March 21, 2024

Last sale price $1,100,000 $444 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $10,276/month

129 Days on Market

Highlights

  • Fishing Pier
  • Property Fronts a Bay or Harbor
  • Heated Lap Pool
  • Southside Elementary School Rated A
  • Fitness Center
  • Gated Community

About This Home

As of March 2024

Discover the epitome of luxury living in this exclusive Tangerine Bay Club condominium. Nestled on the southernmost tip of Longboat Key, this prestigious Sarasota Bay waterfront residence boasts an unrivaled location, mere moments from the charming St Armands Circle, scenic Quick Point Nature Preserve, renowned Longboat Key Club, Dry Dock Waterfront Grill, and a short drive to downtown Sarasota, making it a truly exceptional living experience. This gated community is cocooned in meticulously maintained lush landscaping, ensuring privacy and serenity for residents. With just under 2,500 square feet under air, this 2-bedroom plus den (which can easily be converted into a 3rd bedroom), and 2.5-bath condo offers a spacious and elegant retreat. To complete the package, a private, oversized 2-car garage is included, and the property is available turnkey furnished for your convenience. Upon entering, a welcoming courtyard and a grand mahogany front door beckon you inside. Enjoy beautiful vistas of Sarasota Bay and the moat surrounding the resort-style pool, a crown jewel of Longboat Key. Whether you're relaxing in the living room, dining on the covered lanai, or waking up in the master bedroom, you're treated to breathtaking views. The open and intelligent floor plan seamlessly connects a spacious kitchen with a generous eat-in area to both the front courtyard and the dining and living room, making it perfect for entertaining. Quartz countertops, a built-in range, and a natural gas plumbed cooktop accentuate the kitchen's sophistication. The living and dining areas are expansive, providing ample space for hosting. A gas fireplace, wet bar, and strategically placed skylight ensure an ambiance of natural light and warmth in the living room. The split-plan design guarantees privacy, with a roomy guest bedroom featuring an ensuite bathroom. A half bath caters to guest convenience, and the den, which can be effortlessly converted to a 3rd bedroom, boasts exquisite double pocket doors. The master suite is a sanctuary with a view, offering ample closet space, including two walk-ins and an oversized linen closet. The ensuite is a spa-like haven, with tranquil beach-inspired colors, including a custom made concrete countertop with embedded seashells and seaglass, double sinks, a soaking tub, walk-in shower, and a private water closet. The laundry room features granite countertops and newer washer and dryer replaced in 2019. The air conditioner is brand new in 2023 for added peace of mind. Elevator access takes you to your very own slice of paradise. Enjoy your days by the pool, swim laps, read a book in the spa, work out in the fitness center, bask in a sunrise on the dock, greet friends at the day dock, launch your kayak, partake in social events, engage in pickle-ball or tennis, or explore the idyllic barrier island on your bike. In addition, rest assured that Tangerine Bay Club exemplifies fiscal responsibility, boasting well-funded reserves. There are no current assessments, and recent upgrades include completed elevator maintenance and brand-new roofs in 2024. Dining and shopping are within walking distance, with Publix a mere 3 miles away. The cultural and artistic delights of downtown Sarasota are only a few minutes' drive. As an additional privilege, residents of Tangerine Bay Club may join the Bay Isles beach club for a nominal fee. This is a treasure waiting for you to discover – a lifestyle of refined elegance and unparalleled convenience.

Last Agent to Sell the Property

Laura Way

RE/MAX ALLIANCE GROUP Brokerage Phone: 941-954-5454 License #3033347 Listed on: 10/27/2023

RE/MAX ALLIANCE GROUP

Co-Listed By

Lee Brewer

RE/MAX ALLIANCE GROUP Brokerage Phone: 941-954-5454 License #0681592

Last Buyer's Agent

Steve Abbe

COLDWELL BANKER REALTY License #3099254

COLDWELL BANKER REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,143

Year Built

  • Built in 1994

Lot Details

  • Property Fronts a Bay or Harbor
  • West Facing Home
  • Landscaped with Trees

HOA Fees

  • $2,900 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Oversized Parking
  • Ground Level Parking
  • Garage Door Opener
  • Parking Garage Space

Home Design

  • Entry on the 1st floor
  • Turnkey
  • Tile Roof
  • Block Exterior
  • Pile Dwellings
  • Stucco

Interior Spaces

  • 2,480 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Wet Bar
  • Ceiling Fan
  • Skylights
  • Gas Fireplace
  • Window Treatments
  • Sliding Doors
  • Inside Utility
  • Full Bay or Harbor Views

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Pool

  • Heated Lap Pool
  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa

Outdoor Features

  • Fishing Pier
  • Access to Bay or Harbor
  • Property is near a marina
  • Dock made with Composite Material
  • Courtyard
  • Covered Patio or Porch

Location

  • Property is near a golf course

Schools

  • Southside Elementary School
  • Booker Middle School
  • Booker High School

Utilities

  • Central Air
  • Heating Available
  • Natural Gas Connected
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include pool, escrow reserves fund, insurance, maintenance structure, ground maintenance, management, pest control, private road, sewer, trash, water
  • Lighthouse Mgmt / Michael Canacari Association, Phone Number (941) 806-7972
  • Visit Association Website
  • Mid-Rise Condominium
  • Tangerine Bay Club Community
  • Tangerine Bay Club Subdivision
  • On-Site Maintenance
  • The community has rules related to deed restrictions

Amenities

  • Clubhouse
  • Elevator

Recreation

  • Tennis Courts
  • Pickleball Courts
  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pets up to 22 lbs
  • Pet Size Limit
  • 2 Pets Allowed

Security

  • Gated Community
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,143

Year Built

Built in 1994

Lot Details

0

HOA Fees

$2,900 per month

Parking

2

Listing Details

  • HOA Fee Includes: Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Management, Pest Control, Private Road, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block, Stucco
  • Fireplace: Yes
  • Living Area: 2480
  • New Construction: No
  • Year Built: 1994
  • Building Area Total: 3360
  • Directions to Property: From downtown Sarasota, take the Ringling Causeway Bridge west to St. Armands Circle. Drive north on Gulf of Mexico Drive to Longboat Key. Go past Longboat Club Road intersection. Tangerine Bay Club is the first community on the right-hand side. Turn left after guard gate and follow road to 370B. Unit is up the stairs from left of garages and elevator on first floor unit 415.
  • Status: Sold
  • Co List Office Mls Id: MFR281518938
  • Co List Office Phone: 941-954-5454
  • Ownership: Condominium
  • ResoBuildingAreaSource: Owner
  • Available for Lease YN: 1
  • Escrow State: FL
  • Floor Number: 1
  • List Office Head Office Key Nume: 1047486
  • Minimum Lease: 2 Months
  • Number Of Pets: 2
  • RATIO Current Price By Calculate: 443.55
  • Unit Number YN: 0
  • Water Access YN: 1
  • Condo Fees Term: Quarterly
  • Property Description: Mid Rise
  • MFR_DockDescription: Dock - Composite
  • MFR_CommunityAssociationWaterFeatures: Dock,Fishing,Water Access,Waterfront
  • Attribution Contact: 941-954-5454
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Gas
  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Eat-in Kitchen, Open Floorplan, Skylight(s), Solid Surface Counters, Split Bedroom, Walk-In Closet(s), Wet Bar, Window Treatments
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Refrigerator, Washer
  • Foundation Details: Stilt/On Piling
  • Total Bedrooms: 3
  • Levels: One
  • Spa Features: Heated, In Ground
  • Spa Yn: Yes
  • Stories: 1
  • Street Number Modifier: 370
  • ResoLivingAreaSource: Owner
  • Additional Rooms: Inside Utility
  • Living Area Meters: 230.40
  • Room Count: 8

Exterior Features

  • Direction Faces: West
  • Pool Features: Heated, In Ground, Lap
  • Exterior Features: Courtyard, Sliding Doors, Tennis Court(s)
  • Roof: Tile
  • Pool Private: No
  • View: Water
  • Water Body Name: SARASOTA BAY
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Front Porch, Rear Porch
  • Road Surface Type: Paved
  • Disclosures: Condominium Disclosure Available, Seller Property Disclosure
  • Water Access: Bay/Harbor
  • Water Extras: Fishing Pier
  • Water Extras YN: 1
  • Water View: Bay/Harbor - Partial
  • Water View YN: 1
  • Waterfront Feet Total: 0
  • Additional Water Information: Kayak and Paddle-board Launch

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener, Ground Level, Oversized, Under Building

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Natural Gas Connected, 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: Buyer Approval Required, Clubhouse, Deed Restrictions, Fitness Center, Gated Community - No Guard, Pool, Tennis Courts
  • Association Amenities: Clubhouse, Elevator(s), Fitness Center, Gated, Maintenance, Pickleball Court(s), Pool, Spa/Hot Tub, Tennis Court(s)
  • Association Name: Lighthouse Mgmt / Michael Canacari
  • Phone: 941-806-7972
  • Association: No
  • Security: Fire Sprinkler System, Gated Community
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Pet Restrictions: pets allowed are small (when fully grown) dogs or cats (no more than two per Unit) No pet will be deemed to be 'small' if larger (when fully grown) than 22 pounds in weight or 16 inches high (at the shoulder).
  • Building Name Number: 370B
  • Condo Fees: 8700
  • Condo Land Included YN: 0
  • Max Pet Weight: 22
  • Montly Maint Amt Addition To HOA: 0
  • Association Email: michaelcanacari@mgmt.tv
  • Monthly Condo Fee Amount: 2900
  • Pet Size: Small (16-35 Lbs.)
  • Association URL: www.tangerinebay.org

Fee Information

  • Total Annual Fees: 34800.00
  • Total Monthly Fees: 2900.00

Schools

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

Lot Info

  • Zoning: MUC2
  • Parcel Number: 0012051111
  • Additional Parcels: No
  • Lot Features: Near Golf Course, Near Marina
  • Flood Zone Code: AE
  • Homestead YN: 1
  • Lot Size Square Meters: 0

Green Features

  • Green Verification Count: 0

Rental Info

  • Furnished: Turnkey
  • Pets Allowed: Number Limit, Size Limit, Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: See Community FAQ's

Tax Info

  • Tax Annual Amount: 8142.99
  • Tax Book Number: 29-31
  • Tax Lot: 415

Multi Family

  • Waterfront Features: Bay/Harbor
  • Approval Process: 30 days or more prior to leasing, the General Manager must receive a TBC Request for Approval of Lease Unit form, a TBC Mandatory Addendum to Lease Agreement, and a $100 rental fee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2023
Closed on
Mar 21, 2024
Sold by
Sherwin Mark M and Sherwin Marcia K
Bought by
Alden David N and Alden Anne E
Seller's Agent
Laura Way
RE/MAX ALLIANCE GROUP
Buyer's Agent
Steve Abbe
COLDWELL BANKER REALTY
List Price
$1,450,000
Sold Price
$1,100,000
Premium/Discount to List
-$350,000
-24.14%
Views
36
Current Estimated Value
$1,255,908

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$155,908
Avg. Annual Appreciation
8.99%

Purchase Details

Closed on
Feb 18, 2003
Sold by
Levinson Julian P and Levinson Harriet D
Bought by
Sherwin Mark M and Sherwin Marcia K

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
5.93%

Purchase Details

Closed on
Mar 12, 1997
Sold by
Levinson Harriet D and Levinson Julian P
Bought by
Levinson Harriet D

Purchase Details

Closed on
May 31, 1994
Sold by
Tangerine Bay Co
Bought by
Levinson Hrriet D
Source: Public Records

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Alden David N $1,100,000 None Listed On Document
Sherwin Mark M $680,000 --
Levinson Harriet D -- --
Levinson Harriet D -- --
Levinson Hrriet D $365,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sherwin Mark M $320,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/21/2024 03/21/24 Sold $1,100,000 -7.9% $444 / Sq Ft
03/05/2024 03/05/24 Pending -- -- --
02/17/2024 02/17/24 Price Changed $1,195,000 -7.7% $482 / Sq Ft
01/26/2024 01/26/24 Price Changed $1,295,000 -10.7% $522 / Sq Ft
10/27/2023 10/27/23 For Sale $1,450,000 -- $585 / 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 $8,295 $962,200 -- $962,200
2023 $8,295 $672,642 $0 $0
2022 $8,143 $653,050 $0 $0
2021 $8,277 $634,029 $0 $0
2020 $8,340 $625,275 $0 $0
2019 $8,068 $611,217 $0 $0
2018 $7,932 $599,820 $0 $0
2017 $7,889 $587,483 $0 $0
2016 $7,862 $575,400 $0 $575,400
2015 $9,255 $617,400 $0 $617,400
2014 $8,747 $554,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4587221

Stellar MLS

APN: 0012-05-1111