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

$5,995,000

Active

1241 Gulf of Mexico Dr #PH1102, Longboat Key, FL 34228

3 beds Β· 5 baths Β· 3,400 sq ft

Listing courtesy of MICHAEL SAUNDERS & COMPANY Β· MLS# A4708305

Listed today

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

About this home

Experience an exceptional expression of Gulf-front living in this impeccably maintained penthouse at The Water Club on Longboat Key. Occupying the coveted northwest penthouse position on the 11th floor of Building One, this pristine residence encompasses approximately 3,400 square feet with three bedrooms and four-and-a-half baths. Three separate balconies capture sweeping views of the Gulf of America, providing inviting settings for morning coffee, alfresco relaxation, and spectacular sunsets. An under-building parking space and an additional semi-private garage complement this distinguished waterfront offering. Set within 16 acres of magnificent beachfront grounds, The Water Club offers an extraordinary collection of amenities that extends the comforts of home well beyond your residence. The beautifully renovated, 18,000-square-foot clubhouse provides elegant spaces for relaxation, recreation, and entertaining, including a club room with billiards, a library with fireplace, and a ballroom with catering kitchen. Four lighted Har-Tru tennis courts, a heated junior Olympic pool, hot tub, spa, and fitness center create a resort experience, while a firepit, grills, and direct access to a beautiful stretch of beach invite you to embrace the coastal lifestyle. Gated security, concierge services, on-site management, and climate-controlled storage add everyday comfort and convenience. Ideally situated at the southern end of Longboat Key, this residence places you minutes from the boutiques and dining of St. Armands Circle, downtown Sarasota’s vibrant waterfront and cultural attractions, and an array of exceptional restaurants. Nearby conveniences include Publix and CVS, with the Longboat Key Club’s golf, tennis, and dining offerings close at hand. The neighboring St. Regis further enhances this desirable coastal setting, and Sarasota Bradenton International Airport is approximately 20 minutes away. Welcoming up to two pets, The Water Club is equally appealing as a full-time residence or a refined seasonal retreat. Discover the rare combination of penthouse privacy, generous living spaces, captivating Gulf views, and an exceptional beachfront lifestyle. Schedule your private showing today.

Facts

Property type
Condominium
Year built
1996
Living area
3,400 sqft
Waterfront
Yes Β· 680 ft
Water access
Beach, Beach - Access Deeded, Gulf/Ocean
Water view
Yes
Private pool
No
Exposure
North
Furnished
Unfurnished
Flood zone
AE
CDD
No
55+ community
No
Annual taxes
$29,533/yr
Monthly fees
$3,615/mo
Listed
Sep 30, 2026
MLS #
A4708305

Estimate the monthly payment

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

Starting figures for 1241 GULF OF MEXICO DR #PH1102. 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

$41,386

$30,314 of that is principal & interest. 27% is taxes, insurance and fees β€” which is why those inputs matter more here than the rate does.

Principal & interest
$30,314
Property taxes
$2,461
Homeowners insurance
$4,996
Flood insurance
$0
HOA / condo fees
$3,615
Mortgage insurance (PMI)
$0
Total per month
$41,386

Over the life of the loan

Loan amount
$4,796,000
Down payment
$1,199,000
Total interest
$6,117,034
Principal + interest paid
$10,913,034
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.

1241 Gulf of Mexico Dr #PH1102, Longboat Key, FL 34228

Listing courtesy of MICHAEL SAUNDERS & COMPANY Β· MLS# A4708305 Β· Active

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

In person Β· Mon, Oct 26 Β· Midday (12-3)

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 $7,495,000. 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 26, 2026, 12:59 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]