$1,750,000

370 Gulf of Mexico Dr Unit 432 Longboat Key, FL 34228

Estimated payment $13,125/month

4 Beds
4 Baths
2,900 Sq Ft
$603 Price per Sq Ft

Highlights

  • 500 Feet of Bay Harbor Waterfront
  • Dock made with wood
  • Heated In Ground Pool
  • Southside Elementary School Rated A
  • Fitness Center
  • Gated Community

About This Home

PENTHOUSE. Delight in scenic views of Sarasota Bay in this custom-designed, rare 4 bedroom, 4.5 bathroom in the gated resort-style Tangerine Bay community on the southernmost tip of Longboat Key. The residence is only minutes from St. Armand's Circle, across the street from the Longboat Key Club, and a short driving distance to the Bay Isles Beach Club and vibrant downtown Sarasota. Filled with abundant natural light, the spacious condominium features soaring ceilings, a great room with gas fireplace, marble foyer and gallery for displaying artwork, and private gated courtyard. All bedrooms are ensuite. New sliding glass doors in the primary suite and new glass window in the great room open to a tiled terrace where you can start your day with a cup of coffee while watching the sunrise over the lagoon and Bay. An additional west-facing terrace upstairs boats golf course and sunset views. The well-equipped kitchen includes stone counters, breakfast bar, large pantry and morning room. There is also a fully enclosed two-car garage with plenty of storage space as well as two AC units in the condominium. The Tangerine Bay Club community boasts beautifully manicured walking paths, amid newly planted tropical greenery as well as many amenities, including a pool with waterfalls, fitness center, a tennis/pickleball court, plus a day boat dock and fishing pier on the Bay. Residents have the option of joining the Beach Club (normally reserved for only Bay Isles residents) on the Gulf of America.

Listing Agent

Steve and Janet Walter

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-383-7591 License #3436836 Listed on: 09/12/2025

MICHAEL SAUNDERS & COMPANY

Co-Listing Agent

Janet Walter

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-383-7591 License #3018579

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,814

Year Built

  • Built in 1994

Lot Details

  • 500 Feet of Bay Harbor Waterfront
  • Street terminates at a dead end
  • Northwest Facing Home
  • Mature Landscaping
  • Garden

HOA Fees

  • $3,067 Monthly HOA Fees

Parking

  • 2 Parking Garage Spaces
  • Basement Garage
  • Common or Shared Parking
  • Ground Level Parking
  • Garage Door Opener
  • Guest Parking
  • Deeded Parking

Property Views

  • Full Bay or Harbor
  • Golf Course
  • Garden
  • Pool

Home Design

  • Florida Architecture
  • Entry on the 3rd floor
  • Stem Wall Foundation
  • Membrane Roofing
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,900 Sq Ft Home
  • 3-Story Property
  • High Ceiling
  • Ceiling Fan
  • Drapes & Rods
  • Sliding Doors
  • Family Room with Fireplace
  • Great Room
  • Family Room Off Kitchen
  • Combination Dining and Living Room
  • Breakfast Room
  • Loft
  • Sun or Florida Room
  • Inside Utility

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Cooktop
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • En-Suite Bathroom
  • Walk-In Closet
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Security Lights
  • Security Gate

Pool

  • Heated In Ground Pool
  • Outdoor Shower
  • Pool Lighting

Outdoor Features

  • Access to Bay or Harbor
  • Property is near a marina
  • Dock made with wood
  • Balcony
  • Courtyard
  • Covered Patio or Porch
  • Exterior Lighting
  • Outdoor Storage
  • Outdoor Grill
  • Private Mailbox

Location

  • Flood Zone Lot
  • Flood Insurance May Be Required
  • Property is near a golf course

Schools

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

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • Underground Utilities
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include escrow reserves fund, maintenance structure, security
  • David Daley Association, Phone Number (941) 415-1301
  • Tangerine Bay Club Community
  • Tangerine Bay Club Subdivision
  • On-Site Maintenance
  • The community has rules related to building or community restrictions, deed restrictions

Amenities

  • Clubhouse
  • Community Mailbox
  • Elevator

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • Pets up to 22 lbs
  • 2 Pets Allowed
  • Breed Restrictions

Security

  • Security Guard
  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,814

Year Built

Built in 1994

Lot Details

0

HOA Fees

$3,067 per month

Parking

2

Listing Details

  • HOA Fee Includes: Escrow Reserves Fund, Maintenance Structure, Security
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Architectural Style: Florida
  • Construction Materials: Block, Stucco
  • Fireplace: Yes
  • Living Area: 2900
  • Lot Size Acres: 10.95
  • New Construction: No
  • Year Built: 1994
  • Building Area Total: 3350
  • Lot Size Sq Ft: 477011
  • Directions to Property: Gulf of Mexico drive to 100 block, turn east into Tangerine Bay Club. Turn left after guard house, 370A is just past the tennis courts on the right. Park in the guest spaces just past the tennis courts.
  • Status: Active
  • Co List Office Mls Id: MFR281502004
  • Co List Office Phone: 941-383-7591
  • Ownership: Condominium
  • Entry Level: 3
  • Available for Lease YN: 1
  • Escrow State: FL
  • Floor Number: 3
  • List Office Head Office Key Nume: 1046728
  • Minimum Lease: 2 Months
  • Number Of Pets: 2
  • RATIO Current Price By Calculate: 603.45
  • Total Acreage: 10 to less than 20
  • Unit Number YN: 0
  • Water Access YN: 1
  • Condo Fees Term: Quarterly
  • Property Description: Elevated,Walk-Up
  • MFR_NumAssignedParkingSpaces: 2
  • MFR_InLawSuiteYN: 0
  • MFR_DockDescription: Dock - Wood
  • MFR_DockYN: 1
  • MFR_CommunityAssociationWaterFeatures: Bay/Harbor Front,Dock
  • Attribution Contact: 941-383-7591
  • Tax Year: 2024
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Family Room
  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 4
  • Interior Amenities: Ceiling Fans(s), Eat-in Kitchen, Elevator, High Ceilings, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Split Bedroom, Stone Counters, Thermostat, Walk-In Closet(s), Window Treatments
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Freezer, Ice Maker, Microwave, Range, Washer
  • Foundation Details: Stem Wall
  • Total Bedrooms: 4
  • Levels: Two
  • Spa Yn: No
  • Stories: 3
  • Window Features: Drapes, Rods, Window Treatments
  • Street Number Modifier: 370
  • Additional Rooms: Breakfast Room Separate,Florida Room,Great Room,Inside Utility,Loft
  • Living Area Meters: 269.42
  • Room Count: 7

Exterior Features

  • Direction Faces: Northwest
  • Other Structures: Storage
  • Pool Features: Heated, In Ground, Lighting
  • Exterior Features: Balcony, Courtyard, Garden, Lighting, Outdoor Grill, Outdoor Shower, Private Mailbox, Sliding Doors, Storage
  • Roof: Membrane
  • Pool Private: No
  • View: Garden, Golf Course, Pool, Water
  • Water Body Name: SARASOTA BAY
  • Waterfront: No
  • Patio and Porch Features: Covered, Front Porch, Porch, Rear Porch
  • Road Surface Type: Paved
  • Water Access: Bay/Harbor
  • Water Extras YN: 0
  • Water View: Bay/Harbor - Partial
  • Water View YN: 1
  • Waterfront Feet Total: 500
  • Flood Zone Date: 2024-03-27
  • Flood Zone Panel: 12115C0129G
  • Water Frontage Feet Bay Harbor: 500

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Common, Covered, Deeded, Garage Door Opener, Ground Level, Guest, Basement

Utilities

  • Utilities: Cable Connected, Electricity Available, Electricity Connected, Public, Sewer Connected, Underground Utilities, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Electric Dryer Hookup, Inside, Laundry Room, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse, Community Mailbox, Deed Restrictions, Fitness Center, Gated Community - Guard, Pool, Sidewalks, Special Community Restrictions, Street Lights
  • Association Amenities: Elevator(s), Fitness Center, Gated, Maintenance, Pool, Security
  • Association Fee Frequency: Quarterly
  • Association Name: David Daley
  • Phone: 941-415-1301
  • Association: Yes
  • Security: Fire Alarm, Gated Community, Security Gate, Security Lights
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Pet Restrictions: Refer to Condo Docs
  • Association Fee Requirement: Required
  • Building Name Number: 370A
  • Condo Fees: 9200
  • Condo Land Included YN: 1
  • Max Pet Weight: 22
  • Montly Maint Amt Addition To HOA: 9200
  • Monthly Condo Fee Amount: 3067
  • Pet Size: Small (16-35 Lbs.)

Fee Information

  • Total Annual Fees: 147200.00
  • Total Monthly Fees: 12266.67

Schools

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

Lot Info

  • Zoning: MUC2
  • Parcel Number: 0012051108
  • Additional Parcels: No
  • Lot Features: Flood Insurance Required, FloodZone, Landscaped, Near Golf Course, Near Marina, Private, Sidewalk, Street Dead-End, Paved
  • Flood Zone Code: AE
  • Homestead YN: 1
  • Lot Size Square Meters: 44316

Green Features

  • Green Verification Count: 0

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Breed Restrictions, Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Refer to Condo Docs

Tax Info

  • Tax Annual Amount: 8813.59
  • Tax Book Number: 29-31
  • Tax Lot: G63

Multi Family

  • Approval Process: Refer to Condo 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 $8,635 $700,001 -- --
2023 $8,635 $679,613 $0 $0
2022 $8,481 $659,818 $0 $0
2021 $8,617 $640,600 $0 $640,600
2020 $9,759 $707,700 $0 $707,700
2019 $10,809 $788,400 $0 $0
2018 $10,632 $773,700 $0 $773,700
2017 $10,770 $773,900 $0 $773,900
2016 $10,963 $773,500 $0 $773,500
2015 $12,439 $829,800 $0 $829,800
2014 $11,753 $745,100 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/12/2025 09/12/25 For Sale $1,750,000 +105.9% $603 / Sq Ft
03/05/2012 03/05/12 Sold $850,000 0.0% $293 / Sq Ft
02/08/2012 02/08/12 Pending -- -- --
12/02/2011 12/02/11 For Sale $850,000 -- $293 / Sq Ft
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Available
Deed $100 --
Warranty Deed $925,000 Attorney
Warranty Deed $850,000 Attorney
Warranty Deed $1,225,000 --
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Deed $490,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $400,000 New Conventional
Previous Owner $918,750 Purchase Money Mortgage
Previous Owner $600,000 Credit Line Revolving
Previous Owner $392,000 No Value Available
Source: Public Records

Source: Stellar MLS

MLS Number: A4664832

Stellar MLS

APN: 0012-05-1108