Skip to main content
Lasbury Tracy Realty Inc
← Back to search

$2,100,000

Active Under Contract

545 Sanctuary Dr #B305, Longboat Key, FL 34228

3 beds Β· 2.5 baths Β· 2,580 sq ft

Listing courtesy of MICHAEL SAUNDERS & COMPANY Β· MLS# A4681142

243 days on market

Refreshed from the Stellar MLS feed . This listing’s MLS record last changed .

About this home

What’s special

  • Direct Gulf views
  • 21-foot covered terrace
  • Electric storm shutters
  • Olympic sized pool
  • Har-Tru tennis courts
  • 1200 feet beachfront
  • Climate controlled storage
  • 24 hour security

AI-selected highlights from the listing description below.

Under contract-accepting backup offers. NEWLY PRICED AT $2,100,000 ! Just reduced by $295,000 from the original asking price, this substantial savings willallow buyers an opportunity and an added incentive to create their own Beach Front Dream Home. Behind the gates of the Longboat Key Club, The Sanctuary is one of Longboat Key Island's most coveted beachfront addresses. This spacious and elegant vacation home at 545 Sanctuary Drive Building III B305 offers spectacular, full on, panoramic Gulf of Mexico waterfront views by day and stunning sunsets by night. You will enjoy these views from the spacious living room, the 21 foot long covered terrace and from the serene primary suite plus the soothing sounds of the surf, you are that close to the sea! The spacious primary bedroom suite is a private retreat featuring generous walk-in closet space and a spa-inspired ensuite bath with dual vanities, a soaking tub & a walk-in shower. This unique Carlyle floor plan also includes a second east facing terrace accessible from the charming second guest bedroom, the third bedroom and kitchen. This third floor beach retreat features three bedrooms and 2 full baths & one half bath with over 3,000 square feet of total living area. The kitchen offers light wood cabinetry, double ovens, granite countertop and a tile backsplash. Offering high quality furnishings, this lovely home is being sold turnkey. There are electric storm shutters on all sliding doors, one under building garage space and a climate controlled storage cage. Residents of The Sanctuary enjoy an exclusive resort lifestyle with 1,200 feet of pristine beachfront, a heated Olympic size pool with a 25 meter lap lane, outdoor whirlpool, fire pit lounge, lighted Har-Tru tennis courts & a state of the art fitness center with saunas. The updated clubhouse features a fully equipped kitchen & an entertainment room plus on -site management, 24 hour security gate & 18 acres of meticulously maintained tropical grounds. Optional membership to the nearby private Longboat Key Club allows access to superior golf courses, five private restaurants, a wellness center & spa, tennis garden & pickleball courts, a deep water marina & private beach club.

Facts

Property type
Condominium
Year built
1991
Bathrooms
2 full, 1 half
Living area
2,580 sqft
Waterfront
Yes Β· 60 ft
Water access
Beach - Access Deeded, Gulf/Ocean
Water view
Yes
Private pool
No
Exposure
East
Furnished
Furnished
Flood zone
AE
CDD
No
55+ community
No
Annual taxes
$25,314/yr
Monthly fees
$3,527/mo
Listed
Jan 28, 2026
MLS #
A4681142

Price & status history

  1. Listed for $2,495,000
  2. Price reduced to $2,100,000
  3. Status changed to Active Under Contract

Virtual tour

Tours are hosted by the seller’s chosen provider, not by Lasbury-Tracy Realty. Opening one loads content from that company and shares your IP address with them.

Estimate the monthly payment

Estimate by Lasbury Tracy Realty β€” not a loan offer

Starting figures for 545 SANCTUARY DR #B305. Everything below is editable.

AssumptionNot a quoted rate. Ask a lender what you actually qualify for today.

From this listingThe seller's most recent annual tax bill as reported to the MLS. Your bill will differ β€” Florida reassesses on sale and homestead caps reset.

Editable estimateA placeholder, not a quote. On the Gulf Coast this is the line item most likely to be wrong: premiums swing on roof age, wind mitigation, elevation, and carrier appetite. Get a real quote before you rely on this number.

Starts at $0Deliberately zero until you enter a figure β€” we will not inflate a payment with a guess. Many homes here need it; ask us for the property's flood zone and the current policy's premium.

From this listingMonthly association fee as reported to the MLS. Confirm what it includes, and ask about special assessments.

AssumptionNot applied β€” your down payment is 20% or more.

Estimated total monthly payment

$18,005

$10,619 of that is principal & interest. 41% is taxes, insurance and fees β€” which is why those inputs matter more here than the rate does.

Principal & interest
$10,619
Property taxes
$2,110
Homeowners insurance
$1,750
Flood insurance
$0
HOA / condo fees
$3,527
Mortgage insurance (PMI)
$0
Total per month
$18,005

Over the life of the loan

Loan amount
$1,680,000
Down payment
$420,000
Total interest
$2,142,747
Principal + interest paid
$3,822,747
Paid off in
2056

Interest is the exact schedule total for a fixed-rate loan held to term and assumes no extra payments. Taxes, insurance and fees are not included in these lifetime figures because they change every year.

Calculated on this page from the figures above β€” nothing is sent anywhere and no lender is quoting you. Figures are estimates for planning only, not a pre-approval, commitment to lend, or a statement of the taxes and insurance you will actually be charged. Lasbury Tracy Realty Inc. is a real estate brokerage, not a lender or an insurance agent.

Take a tour

Pick a day that suits you β€” a licensed Lasbury Tracy agent confirms personally, usually within minutes. No account needed.

545 Sanctuary Dr #B305, Longboat Key, FL 34228

Listing courtesy of MICHAEL SAUNDERS & COMPANY Β· MLS# A4681142 Β· Active Under Contract

How would you like to see it?
Which day?
What time of day?

In person Β· Thu, Oct 29 Β· Morning (9-12)

No account, no obligation. Prefer to talk? (941) 474-5585

Where this home is

Opens on aerial β€” on this coast the canal, the lot and the neighbours answer more questions than a street grid does.

Want an email when homes like this list?

New Longboat Key listings with at least 3 bedrooms up to $2,625,000. Free, and you can stop any time.

Similar homes

Listing information is provided in part by Stellar MLS, as distributed by MLS GRID. Based on information submitted to the MLS as of Oct 28, 2026, 10:24 PM (ET). All data is obtained from various sources and may not have been verified by broker or MLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.

Lasbury Tracy Realty Inc. Β· [email protected]