$2,599,000
PENDING $151K PRICE DROP

535 Sanctuary Dr Unit A602 Longboat Key, FL 34228

Estimated payment $18,055/month

Total Views 5,270
3 Beds
2.5 Baths
2,580 Sq Ft
$1,007 Price per Sq Ft

Highlights

  • Ocean or Gulf Waterfront
  • White Water Ocean Views
  • Water access To Gulf or Ocean
  • Southside Elementary School Rated A
  • Golf Course Community
  • Fitness Center

About This Home

Under contract-accepting backup offers. Welcome to paradise! This 3 bedroom floor plan offers Northwest and Southeast terraces boasting direct beach and sunset views from the great room and primary suite along with City and Bay views from the kitchen, den and guest bedroom. Floor to ceiling sliders showcase the big views at both ends and provide a bright welcoming atmosphere. The kitchen features a large center island, breakfast nook, granite counters, built-in desk, abundant cabinet space and all the conveniences to create memorable meals. Retreat to the primary suite where owners are pampered with terrace access, sunset views over the water, a walk-in closet and a spacious primary bath with separate shower, garden tub, dual vanities and water closet. Visitors will be comfortable staying in the ensuite guest bedroom that shares the Southeast terrace with the kitchen and 3rd bedroom that can also be used as a den. Other highlights include a separate laundry room with sink, an under building parking space, high speed fiber optic internet access and a smartphone app for easy tenant/guest access to the gates and building. Located behind the prestigious gates of The Longboat Key Club on the desirable South end of Longboat Key, owners will enjoy being minutes from the fine dining and shopping on St. Armands Circle in addition to the close proximity to Southwest Florida’s cultural hub of downtown Sarasota. At the Sanctuary, you will be part of 18 incredible beachfront acres with trails, an Olympic sized heated pool and spa, lighted tennis courts, a fitness center, onsite management, 24-hour manned security gate and a club house with planned activities. Become a member of the Longboat Key Club and partake in the superior golf courses, 6 private restaurants, spa and wellness center and other AAA four-diamond beach resort offerings. Roof replaced in 2023, Elevators modernized in 2022, drainpipes re-lined in 2024 and pool decking replaced in 2024. Building passed the Milestone Structural Integrity Inspection.

Listing Agent

Ian Addy, PA

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-383-7591 License #3066979 Listed on: 04/03/2025

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $14,516

Year Built

  • Built in 1990

Lot Details

  • Ocean or Gulf Waterfront
  • Public Beach Waterfront
  • Southeast Facing Home
  • Mature Landscaping
  • Irrigation Equipment
  • Street paved with bricks
  • Landscaped with Trees

HOA Fees

  • $3,160 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Portico
  • Basement Garage
  • Oversized Parking
  • Garage Door Opener
  • Circular Driveway
  • Secured Garage or Parking
  • Guest Parking
  • Assigned Parking

Property Views

  • White Water Ocean
  • Beach
  • Golf Course
  • City
  • Pool

Home Design

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

Interior Spaces

  • 2,580 Sq Ft Home
  • Open Floorplan
  • Built-In Features
  • Built-In Desk
  • Shelving
  • Ceiling Fan
  • Sliding Doors
  • Great Room
  • Combination Dining and Living Room
  • Den
  • Storage Room
  • Inside Utility

Kitchen

  • Eat-In Kitchen
  • Walk-In Pantry
  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Solid Wood Cabinet

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • En-Suite Bathroom
  • Walk-In Closet
  • Makeup or Vanity Space
  • Bidet
  • Private Water Closet
  • Bathtub With Separate Shower Stall

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Cabana
  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gunite Pool
  • Pool Deck
  • Outside Bathroom Access
  • Pool Lighting

Outdoor Features

  • Water access To Gulf or Ocean
  • Deeded access to the beach
  • Balcony
  • Covered Patio or Porch
  • Exterior Lighting
  • Outdoor Storage

Location

  • Flood Zone Lot
  • Property is near a golf course

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Power Generator
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include 24-Hour Guard, cable TV, pool, escrow reserves fund, insurance, maintenance structure, ground maintenance, management, pest control, private road, recreational facilities, security, sewer, trash, water
  • Sanctuary Iv/Cathy Yax Association, Phone Number (941) 383-6021
  • Visit Association Website
  • Sanctuary Community Association Inc. Association
  • Sanctuary Community
  • Sanctuary IV Subdivision
  • On-Site Maintenance
  • Association Owns Recreation Facilities
  • The community has rules related to deed restrictions, allowable golf cart usage in the community, vehicle restrictions
  • 8-Story Property

Amenities

  • Clubhouse
  • Elevator
  • Community Mailbox
  • Community Storage Space

Recreation

  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities
  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pets up to 30 lbs
  • Pet Size Limit
  • 1 Pet Allowed
  • Dogs and Cats Allowed

Security

  • Security Guard
  • Card or Code Access
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$14,516

Year Built

Built in 1990

Lot Details

0

HOA Fees

$3,160 per month

Parking

1

Listing Details

  • HOA Fee Includes: Guard - 24 Hour, Cable TV, Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Management, Pest Control, Private Road, Recreational Facilities, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Custom
  • Construction Materials: Concrete, Stucco
  • Fireplace: No
  • Living Area: 2580
  • Lot Size Acres: 0.91
  • New Construction: No
  • Year Built: 1990
  • Building Area Total: 3180
  • Lot Size Sq Ft: 39579
  • Status: Pending
  • Ownership: Fee Simple
  • Entry Level: 6
  • Building Area Total Srch Sq M: 295.43
  • Escrow State: FL
  • Floor Number: 6
  • Minimum Lease: 3 Months
  • Number Of Pets: 1
  • RATIO Current Price By Calculate: 1007.36
  • Water Access YN: 1
  • Condo Fees Term: Quarterly
  • Property Description: Elevated,High Rise
  • Water Frontage Feet Beach: 1
  • MFR_InLawSuiteYN: 0
  • MFR_DockYN: 0
  • MFR_CommunityAssociationWaterFeatures: Gulf/Ocean Front,Water Access,Waterfront
  • Attribution Contact: 941-383-7591
  • Tax Year: 2025
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Built-in Features, Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo, Open Floorplan, Solid Wood Cabinets, Split Bedroom, Stone Counters, Walk-In Closet(s)
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • Foundation Details: Pillar/Post/Pier
  • Total Bedrooms: 3
  • Levels: One
  • Other Equipment: Irrigation Equipment, Generator
  • Spa Features: Heated, In Ground
  • Spa Yn: Yes
  • Stories: 8
  • Additional Rooms: Great Room,Inside Utility,Storage Rooms
  • Living Area Meters: 239.69

Exterior Features

  • Direction Faces: Southeast
  • Other Structures: Cabana, Storage, Tennis Court(s)
  • Pool Features: Deck, Gunite, Heated, In Ground, Lighting, Outside Bath Access
  • Exterior Features: Balcony, Lighting, Sidewalk, Sliding Doors, Storage, Tennis Court(s)
  • Roof: Concrete
  • Pool Private: No
  • View: City, Golf Course, Pool, Water
  • Water Body Name: THE GULF
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Front Porch, Rear Porch
  • Road Surface Type: Brick
  • Water Access: Beach,Beach - Access Deeded,Gulf/Ocean
  • Water View: Bay/Harbor - Full,Beach,Gulf/Ocean - Full
  • Water View YN: 1
  • Waterfront Feet Total: 2
  • Flood Zone Panel: 12115C0128G
  • Water Frontage Feet Gulf Ocean: 1

Garage/Parking

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

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Public
  • Cooling: Central Air
  • Heating: Central, 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, Community Mailbox, Deed Restrictions, Fitness Center, Gated Community - Guard, Golf Carts OK, Golf, Pool, Sidewalks, Tennis Court(s)
  • Association Amenities: Clubhouse, Elevator(s), Fitness Center, Gated, Lobby Key Required, Maintenance, Pool, Recreation Facilities, Security, Spa/Hot Tub, Storage, Tennis Court(s), Vehicle Restrictions
  • Association Fee Frequency: Quarterly
  • Association Name: Sanctuary IV/Cathy Yax
  • Phone: 941-383-6021
  • Association: Yes
  • Security: Gated Community, Secured Garage/Parking
  • Senior Community: No
  • Association: Sanctuary Community Association Inc.
  • Association 2 YN: 1
  • Association Approval Required YN: 1
  • Pet Restrictions: 1 Pet 30 lb limit. Tenants, No Pets.
  • Association Fee Requirement: Required
  • Condo Fees: 9481
  • Condo Land Included YN: 0
  • Max Pet Weight: 30
  • Association Email: gm@lbksanctuary.com
  • Monthly Condo Fee Amount: 3160
  • Pet Size: Small (16-35 Lbs.)
  • Association URL: www.lbkSanctuary.com

Fee Information

  • Total Annual Fees: 37924.00
  • Total Monthly Fees: 3160.33

Lot Info

  • Zoning: MUC2
  • Parcel Number: 0011083041
  • Additional Parcels: No
  • Lot Features: CoastalConstruction Control Line, FloodZone, Landscaped, Near Golf Course, Sidewalk, Private
  • Flood Zone Code: AE

Rental Info

  • Pets Allowed: Cats OK, Dogs OK, Number Limit, Size Limit, Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: See Condo Docs.

Tax Info

  • Tax Annual Amount: 14516
  • Tax Book Number: 28-48
  • Tax Lot: 0

Multi Family

  • Waterfront Features: Beach Front, Gulf/Ocean
  • Approval Process: Application - See Condo Docs.

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 $13,962 $1,083,973 -- --
2023 $13,962 $1,052,401 $0 $0
2022 $13,805 $1,021,749 $0 $0
2021 $14,110 $991,989 $0 $0
2020 $14,270 $978,293 $0 $0
2019 $13,602 $956,298 $0 $0
2018 $13,435 $938,467 $0 $0
2017 $13,306 $919,165 $0 $0
2016 $13,284 $1,137,700 $0 $1,137,700
2015 $13,366 $1,120,900 $0 $1,120,900
2014 $13,365 $873,800 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/14/2025 11/14/25 Pending -- -- --
08/21/2025 08/21/25 Price Changed $2,599,000 -5.5% $1,007 / Sq Ft
04/03/2025 04/03/25 For Sale $2,749,900 -- $1,066 / Sq Ft
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Attorney
Source: Public Records

Source: Stellar MLS

MLS Number: A4647105

Stellar MLS

APN: 0011-08-3041