$3,050,000
SOLD APR 14, 2025

535 Sanctuary Dr Unit B604 Longboat Key, FL 34228

3 Beds
2.5 Baths
2,590 Sq Ft
$3,160/mo HOA Fee

Recently Sold

$1,178 Per Sq Ft

2% Below List Price

9 Days on Market

Highlights

  • Beach Access
  • Property fronts gulf or ocean
  • Sauna
  • Southside Elementary School Rated A
  • Fitness Center
  • Clubhouse

About This Home

As of April 2025

Set upon the pristine sandy shores of Longboat Key, you’ll find the Sanctuary. This community truly lives up to its name as it offers privacy, serenity, and luxury. Located behind the gates of the Longboat Key Club on the south end of the island, this community is sought after for good reason. This stunning 6th floor unit offers a floor plan that features both Gulf and Bay/ City views from the terraces. Truly a sunrise to sunset location! Being offered fully furnished for your convenience, you can move right in and start enjoying this laid-back Florida lifestyle today. From entering the community at the gate, you’ll head to your building which has secured under-building parking and a secured lobby. Your elevator stack shares a foyer with only one other unit, and upon arrival through the double doors you’ll be greeted by stunning oversized tile floors, ceiling detailing with LED recessed lighting, built-ins and modern fixtures. The main living area opens up to a tiled porch with stunning north westerly views over the pool and into the Gulf. The exterior windows of the unit feature rolldown storm shutters for lock-and-leave peace of mind. The kitchen features stainless steel appliances, ornate stone counters and full backsplashes, gorgeous ceiling and lighting treatments, and access to a rear balcony with stunning views. The primary suite features abundant views, walk-in closet and updated spa-like bath complete with free standing soaking tub and deluxe shower. The fully separate guest suite features en-suite bath, smart updates and great views. The third bedroom or office is currently configured as an open living area- need more privacy? Simply add doors and you have three full bedrooms. The updated powder bath and dedicated laundry room round out this fantastic offering. The Sanctuary offers on-site management, and a host of amenities for you enjoy including har-tru tennis courts, fitness center, meeting rooms, resort style pool with lap lanes, spa, and easy access to miles of pristine beach. Membership to the Longboat Key Club is not required but if desired can add even more to the experience here as it offers golf, a marina, dining, tennis social and much more. This offering is the total package, schedule your private showing today!

Last Agent to Sell the Property

Drew Russell

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-951-6660 License #3108183 Listed on: 02/17/2025

MICHAEL SAUNDERS & COMPANY

Last Buyer's Agent

Mimi Kruk

MICHAEL SAUNDERS & COMPANY License #3382573

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $25,731

Year Built

  • Built in 1990

Lot Details

  • Property fronts gulf or ocean
  • Street terminates at a dead end
  • South Facing Home
  • Mature Landscaping

HOA Fees

  • $3,160 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Ground Level Parking
  • Garage Door Opener
  • Guest Parking
  • Parking Garage Space

Property Views

  • Full Gulf or Ocean
  • Full Bay or Harbor

Home Design

  • Florida Architecture
  • Entry on the 6th floor
  • Turnkey
  • Pillar, Post or Pier Foundation
  • Slab Foundation
  • Membrane Roofing
  • Concrete Siding

Interior Spaces

  • 2,590 Sq Ft Home
  • Built-In Features
  • Ceiling Fan
  • Window Treatments
  • Sliding Doors
  • Living Room
  • Dining Room
  • Sauna
  • Tile Flooring

Kitchen

  • Dinette
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Disposal

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Dryer
  • Washer

Outdoor Features

  • Beach Access
  • Water access To Gulf or Ocean
  • Deeded access to the beach
  • Balcony
  • Exterior Lighting
  • Outdoor Grill
  • Front Porch

Schools

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

Utilities

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

Listing and Financial Details

Community Details

Overview

  • Association fees include 24-Hour Guard, cable TV, common area taxes, pool, escrow reserves fund, internet, maintenance structure, ground maintenance, management, pest control, private road, recreational facilities, security, sewer, trash, water
  • Pat Shea Association, Phone Number (941) 383-6021
  • Sanctuary Community
  • Sanctuary IV Subdivision
  • Association Owns Recreation Facilities
  • The community has rules related to building or community restrictions, deed restrictions
  • 8-Story Property

Amenities

  • Clubhouse
  • Community Mailbox

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool

Security

  • Security Guard

Property Details

Home Type

Condominium

Est. Annual Taxes

$25,731

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, Common Area Taxes, Pool, Escrow Reserves Fund, Internet, Maintenance Structure, Maintenance Grounds, Management, Pest Control, Private Road, Recreational Facilities, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Florida
  • Construction Materials: Concrete
  • Fireplace: No
  • Living Area: 2590
  • New Construction: No
  • Year Built: 1990
  • Building Area Total: 3090
  • Directions to Property: Gulf of Mexico Dr going north, make your first left once on the island, approach gate house, mention where you are showing, proceed until you reach Sanctuary, approach gate house, tell them where you are showing, turn left make a left and follow signs to 535 Building, go to the end and park in visitors parking. We will meet you in front of lobby.
  • Status: Sold
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow State: FL
  • Floor Number: 6
  • List Office Head Office Key Nume: 1046728
  • Minimum Lease: 3 Months
  • RATIO Current Price By Calculate: 1177.61
  • Unit Number YN: 0
  • Water Access YN: 1
  • Condo Fees Term: Quarterly
  • MFR_BedroomClosetType: Built-in Closet
  • MFR_InLawSuiteYN: 0
  • MFR_CommunityAssociationWaterFeatures: Gulf/Ocean Front,Water Access,Waterfront
  • Attribution Contact: 941-951-6660
  • Tax Year: 2024
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Tile
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Built-in Features, Ceiling Fans(s), Split Bedroom, Stone Counters, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
  • Foundation Details: Pillar/Post/Pier, Slab
  • Total Bedrooms: 3
  • Levels: One
  • Stories: 8
  • Street Number Modifier: 535
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 240.62
  • Room Count: 8

Exterior Features

  • Direction Faces: South
  • Exterior Features: Balcony, Lighting, Outdoor Grill, Sauna, Sliding Doors, Tennis Court(s)
  • Roof: Membrane
  • Pool Private: No
  • Waterfront: Yes
  • Patio and Porch Features: Front Porch, Rear Porch
  • Road Surface Type: Asphalt
  • Water Access: Beach,Beach - Access Deeded,Gulf/Ocean
  • Water Extras YN: 0
  • Water View: Bay/Harbor - Partial,Gulf/Ocean - Full
  • Water View YN: 1
  • Waterfront Feet Total: 0
  • Flood Zone Date: 2024-03-27
  • Flood Zone Panel: 12115C0128G

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Covered, Garage Door Opener, Ground Level, Guest, Under Building

Utilities

  • Utilities: Cable Connected, Electricity Connected, Public
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: In Kitchen, 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, Pool, Sidewalks, Special Community Restrictions, Tennis Court(s)
  • Association Name: Pat Shea
  • Phone: 941-383-6021
  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Pet Restrictions: See Condo Documents for full list of pet restrictions
  • Building Name Number: SANCTUARY
  • Condo Fees: 9481
  • Condo Land Included YN: 0
  • Montly Maint Amt Addition To HOA: 0
  • Association Email: pat@lbksanctuary.com
  • Monthly Condo Fee Amount: 3160

Fee Information

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

Schools

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

Lot Info

  • Zoning: MUC2
  • Parcel Number: 0011083043
  • Additional Parcels: No
  • Lot Features: Landscaped, Street Dead-End, Paved
  • Flood Zone Code: AE
  • Homestead YN: 0
  • Lot Size Square Meters: 0

Rental Info

  • Furnished: Turnkey
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: See Condo Documents for full list of leasing restrictions

Tax Info

  • Tax Annual Amount: 25731
  • Tax Book Number: 28-48
  • Tax Lot: 0

Multi Family

  • Waterfront Features: Gulf/Ocean
  • Approval Process: Approval required

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2025
Closed on
Apr 10, 2025
Sold by
Jones Gregory Knox and Jones Ann L
Bought by
Berkowitz Ellen G
Seller's Agent
Drew Russell
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Mimi Kruk
MICHAEL SAUNDERS & COMPANY
List Price
$3,100,000
Sold Price
$3,050,000
Premium/Discount to List
-$50,000
-1.61%
Views
7
Current Estimated Value
$2,917,485

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$132,515
Avg. Annual Appreciation
-7.83%
Original Mortgage
$1,500,000
Outstanding Balance
$1,500,000
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$1,442,549

Purchase Details

Closed on
Dec 4, 2009
Sold by
Henry Valborg N
Bought by
Jones Gregory Knox and Jones Ann L
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 Type Sale Price Title Company
Warranty Deed $3,050,000 None Listed On Document
Warranty Deed $1,150,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,500,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2025 04/14/25 Sold $3,050,000 -1.6% $1,178 / Sq Ft
02/26/2025 02/26/25 Pending -- -- --
02/17/2025 02/17/25 For Sale $3,100,000 -- $1,197 / 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 $23,188 $1,646,612 -- --
2023 $23,188 $2,075,600 $0 $2,075,600
2022 $20,268 $1,707,600 $0 $1,707,600
2021 $17,312 $1,231,500 $0 $1,231,500
2020 $15,688 $1,052,600 $0 $1,052,600
2019 $16,417 $1,129,900 $0 $1,129,900
2018 $15,873 $1,084,700 $0 $1,084,700
2017 $16,149 $1,084,700 $0 $1,084,700
2016 $16,473 $1,084,700 $0 $1,084,700
2015 $16,607 $1,068,700 $0 $1,068,700
2014 $15,436 $874,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4640937

Stellar MLS

APN: 0011-08-3043