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Furnished condo balcony overlooking Gulf waters and a coastal mangrove preserve.

340 GULF OF MEXICO DR #136

  • LONGBOAT KEY, FL
  • $2,995,000
$2,995,000

340 GULF OF MEXICO DR #136

3 Beds 4 Baths 2,880 Sq.Ft. 10.95 Acres

Description

Rarely available and distinctly different from traditional condominium living, this two-level penthouse at Tangerine Bay Club pairs nearly 3,000 square feet of beautifully reimagined interiors with sweeping bay views and the privacy of a single-family home. Positioned on a coveted south-facing corner, Residence #136 captures an extraordinary panorama encompassing the bay, downtown Sarasota skyline and protected mangrove preserves. Two generous terraces, a private courtyard entry and a private two-car garage further distinguish this exceptional residence.
Inside, the renovation strikes a sophisticated balance between coastal ease and thoughtful design. Soaring vaulted ceilings amplify the natural light, while expansive walls of glass keep bay vistas at the forefront of the main living spaces. A gas fireplace and custom entertainment wall create a dramatic focal point, and direct access to the terraces extends everyday living and entertaining outdoors. Impact-rated Andersen windows, motorized storm shutters, custom LED lighting and California Closets add another layer of comfort and functionality.
At the heart of the main level, the gourmet kitchen was designed as much for entertaining as for the serious home chef. Honed marble countertops complement a substantial leathered-stone island and custom cabinetry. A remarkable collection of appliances and culinary features includes a La Cornue dual-fuel range with French plate, Flamberge rotisserie oven, galley sink, wine cooler and Sub-Zero beverage drawers. An adjoining breakfast area provides a relaxed place to begin the day, while the formal dining area accommodates larger gatherings against the backdrop of the residence's open living spaces.
Privately positioned, the primary suite is a serene retreat with direct terrace access, custom closets and a beautifully appointed spa-inspired bath. Quartz surfaces, dual vanities, a freestanding soaking tub and expansive walk-in steam shower create a luxurious setting.
Also on the main level, the second bedroom is currently arranged as a den with a nearby full bath, providing flexibility for guests, an office or additional living space. Upstairs, the home reveals another dimension: a lofted lounge with custom built-ins overlooks the living areas below, while a private third en-suite bedroom creates an ideal retreat for visiting family and friends. The separation between levels allows the residence to live comfortably whether hosting a full house or enjoying it as a private island escape.
Outdoor living is equally compelling. Two terraces capitalize on the penthouse's south-facing orientation and elevated perspective. Combined with the private courtyard entrance and two-car garage, these spaces reinforce the feeling of a home.
Tangerine Bay Club is one of Longboat Key's distinctive resort-style communities, recognized for its lush mature landscaping and exceptional location at the southern end of the island. Residents enjoy a 25-meter heated pool and spa set on a private island, tennis and pickleball, fitness, kayak launch, walking paths and a day dock available on a first-come basis. Adding to the community's appeal, Tangerine Bay Club successfully completed its milestone inspection without requiring repairs, maintains healthy reserves and, at this time, has no special assessments anticipated. Optional membership to the Bay Isles Beach Club provides access to a private beach, adding another dimension to the Longboat Key lifestyle.

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Location

340 GULF OF MEXICO DR #136, LONGBOAT KEY, FL 34228

Status

For Sale

1991

1991

Year Built

3

3

Total Bedrooms

4

4

Total Bathrooms

2,880

2,880

Sq.Ft.

Living Space

10.95

10.95

Acres

Lot Size

2.0

2.0

Garage Spaces

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Schedule a Tour

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Schedule a Tour

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Thank you for your interest in 340 GULF OF MEXICO DR #136, LONGBOAT KEY, FL 34228. We are reviewing your request and will be in touch shortly!
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Furnished condo balcony overlooking Gulf waters and a coastal mangrove preserve.
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01

Interior

Total Bedrooms

3

Total Bathrooms

4

Full Bathrooms

3

Half Bathroom

1

Laundry room

Inside, Laundry Room

Flooring

Wood

Fireplace

Gas, Living Room

Appliances

Bar Fridge, Built-In Oven, Convection Oven, Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Range, Range Hood, Refrigerator, Tankless Water Heater, Washer, Wine Refrigerator

Other Interior Features

Built-in Features, Cathedral Ceiling(s), Eat-in Kitchen, High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Stone Counters, Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
01

Exterior & Building

Stories

4

Garage Spaces

2.0

Water Source

Public

Utilities

Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Public, Sewer Connected, Underground Utilities, Water Connected

Pool

Deck, Gunite, Heated, In Ground, Lighting, Outside Bath Access

Roof

Tile

Lot Features

Flood Insurance Required, Flood Zone, In County, Landscaped, Near Golf Course, Near Marina, Oversized Lot, Private, Sidewalk

Parking

Deeded, Garage Door Opener, Ground Level, Guest, Basement

Heat Type

Central, Electric, Heat Pump, Zoned

Air Conditioning

Central Air, Zoned

Sewer

Public Sewer

Substructure

Stilt/On Piling

HOA Amenities

Clubhouse, Elevators, Fitness Center, Gated, Maintenance, Pool, Recreation Facilities, Spa/Hot Tub, Storage, Tennis Court(s), Vehicle Restrictions

Security Features

Fire Sprinkler System, Gated Community, Secured Garage/Parking, Security Gate, Smoke Detector(s)

Other Exterior Features

Balcony, Courtyard, Hurricane Shutters, Lighting, Sidewalk, Storage, Tennis Court(s)
01

Lot & Area

Status

For Sale

Living Area

2,880 Sq.Ft.

Total Area

3,810 Sq.Ft.

Lot Size

10.95 Acres

MLS® ID

A4707766

Type

Condo

Year Built

1991

Neighborhood

Longboat Key

Architecture Styles

Custom, Elevated, Mediterranean

Water Frontage

Bay/Harbor

View Description

City,Water
01

Finance

Sales Price

$2,995,000

Real Estate Taxes

$22,280/yr

HOA Fees

$3,100/mo

Zoning

MUC2

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Explore

Longboat Key

Gorgeous white sand beaches run for 12 miles along Longboat Key’s enchanting coastline.

Longboat Key, FL -- At a Glance

Population

7,512

Median Age

71.5 years

ZIP Code

34228

Avg. Individual Income

$138,251

Listing Agent

Roger Pettingell

Rental Policy

30-day minimum (no STR)

Longboat Key Zone Guide -- South vs. North

Zone

Vibe

Property Type

Key Communities

Price Range

South Key

Resort, Golf Club, exclusive gated

St. Regis Residences, Country Club Shores

The St. Regis Longboat Key, Bay Isles, Country Club Shores

[INSERT: current South Key range]

Mid-Key

Panoramic Gulf views, high-rise

Luxury condos and co-ops

Water Club, Promenade, Grand Bay, L'Ambiance

[INSERT: current Mid-Key range]

North Key

Old Florida charm, low-rise, private

Private estates, low-rise condos

The Village, Whitney Beach area, Queen's Harbor

[INSERT: current North Key range]

Price ranges updated from active MLS. Verify current figures with Roger Pettingell. MLS data

Looking for a Longboat Key Realtor?

Roger Pettingell has more Longboat Key closed sales than any other individual agent in Sarasota. He knows every zone, every building, and every canal on this island.

Contact Roger Pettingell

Explore Sarasota's Barrier Islands

Who is the best real estate agent on Longboat Key?

Roger Pettingell is consistently ranked the top-producing individual agent on Longboat Key, with over $200 million in closed sales volume and decades of experience representing buyers and sellers across every zone of the island. He has sold more homes on Longboat Key than any other agent and knows the specific attributes of each community -- from the South Key gated estates near the St. Regis to the high-rise condos along Mid-Key and the Old Florida private estates on the North End. For buyers, he provides off-market access. For sellers, he brings the buyer network that moves luxury property at full price.

Is Longboat Key a good place to buy real estate?

Longboat Key is one of the most consistently desirable barrier islands in Florida for luxury real estate investment. Its 30-day minimum rental policy protects property values and neighborhood character, making it ideal for end-users, snowbirds, and buyers who prioritize equity appreciation over short-term rental income. The island's limited land supply, Gulf-front positioning, and access to Sarasota's arts and cultural amenities create sustained demand. The St. Regis resort presence on the south end has further elevated the island's profile for ultra-luxury buyers.

What is the difference between North and South Longboat Key?

South Longboat Key (the gated "The Gates" area) is characterized by resort-adjacent exclusivity -- the St. Regis Longboat Key, Country Club Shores, and Bay Isles are concentrated here, offering golf club access and the highest price per square foot on the island. Mid-Key features panoramic Gulf-view high-rises including Water Club, Grand Bay, and L'Ambiance. North Longboat Key (The Village) has an Old Florida atmosphere with low-rise estates and private residences, attracting buyers who prefer a quieter, less resort-driven lifestyle at slightly lower price points than the south end.

What are the rental rules on Longboat Key?

Longboat Key enforces a 30-day minimum rental policy, which prohibits short-term rentals (Airbnb, VRBO, or weekly rentals) throughout the island. This ordinance is one of the defining factors that separates Longboat Key from Siesta Key, which allows weekly and daily rentals. The 30-day minimum makes Longboat Key more attractive to buyers focused on a quiet residential experience and long-term appreciation rather than rental cash flow.

Where is Longboat Key located?

Longboat Key is a barrier island located west of Sarasota, Florida, in Sarasota County. It stretches 12 miles along the Gulf of Mexico, connected to the mainland via bridges. The island runs from Sarasota Bay on the east to the Gulf on the west, with Sarasota directly to the south and Manatee County at the north end. ZIP code is 34228. It is approximately 10 minutes from downtown Sarasota by car.

How far is Longboat Key from Siesta Key?

Longboat Key and Siesta Key are separated by approximately 15-20 minutes of driving time (around 12 miles), passing through downtown Sarasota. They are not directly connected -- you travel via the mainland. Despite being neighboring barrier islands in the Sarasota area, they have distinctly different characters: Longboat Key is quieter, more exclusive, and resort-adjacent, while Siesta Key is more tourist-oriented with weekly rental activity and the famous white-quartz sand beach that draws significant seasonal traffic.

 

Welcome to Longboat Key

Idyllic island community with Gulf and Sarasota Bay views

Longboat Key (34228) is a waterfront community on a barrier island between the Gulf of Mexico and Sarasota Bay. Gorgeous white sand beaches run for 11 miles along the coastline.

However, Longboat Key is not a single neighborhood; it is a diverse collection of lifestyles. Divided by man-made canals and defined by its proximity to either the Gulf (Beach) or the Bay (Boating), choosing the right "Zone" is your first step.

The Longboat Key Lifestyle Map

Before you explore the neighborhoods below, decide which "Zone" fits your vision.

Zone

The Vibe

Real Estate Type

South Key (The Gates)

Resort & Golf Club

The St. Regis / Country Club Shores

Mid-Key

Panoramic Views

High-Rise Condos (Water Club, Promenade)

North Key (The Village)

Old Florida Charm

Low-Rise / Private Estates

Dining, Entertainment & Shopping

Longboat Key is home to a fantastic array of restaurants that combine sublime cuisine with mesmerizing waterfront views.

The Shore: Serves seafood specialties such as Key West shrimp and scallop risotto.
The Drydock Waterfront Grill: Overlooking the marina, this is one of the 100 best al fresco dining experiences in the US.
Chart House: A refined steakhouse with a terrace perched above the Gulf waters.

Neighborhood Video Tours

Queen's Harbor

Grand Bay

Water Club

Promenade

Beachplace

L'Ambiance

Country Club Shores

Bay Isles Harbor

Ready to Tour Longboat Key?

Roger Pettingell knows every building and every canal. Schedule a private boat or home tour today.

Contact Roger Pettingell

Longboat Key, FL -- At a Glance Population 7,512 Median Age 71.5 years ZIP Code 34228 Avg. Individual Income $138,251 Listing Agent Roger Pettingell Rental Policy 30-day minimum (no STR) Longboat Key Zone Guide -- South vs. NorthZone Vibe Property Type Key Communities Price Range South Key Resort, Golf Club, exclusive gated St. Regis Residences, Country Club Shores The St. Regis Longboat Key, Bay Isles, Country Club Shores [INSERT: current South Key range] Mid-Key Panoramic Gulf views, high-rise Luxury condos and co-ops Water Club, Promenade, Grand Bay, L'Ambiance [INSERT: current Mid-Key range] North Key Old Florida charm, low-rise, private Private estates, low-rise condos The Village, Whitney Beach area, Queen's Harbor [INSERT: current North Key range] Price ranges updated from active MLS. Verify current figures with Roger Pettingell. MLS data Looking for a Longboat Key Realtor?Roger Pettingell has more Longboat Key closed sales than any other individual agent in Sarasota. He knows every zone, every building, and every canal on this island. Contact Roger Pettingell Explore Sarasota's Barrier Islands Bird KeySiesta KeyLido Key BeachCasey KeyLongboat Key vs. Siesta KeyLiving in Sarasota vs. Longboat KeyBest Sarasota Neighborhoods for RetireesActive Longboat Key ListingsWho is the best real estate agent on Longboat Key? Roger Pettingell is consistently ranked the top-producing individual agent on Longboat Key, with over $200 million in closed sales volume and decades of experience representing buyers and sellers across every zone of the island. He has sold more homes on Longboat Key than any other agent and knows the specific attributes of each community -- from the South Key gated estates near the St. Regis to the high-rise condos along Mid-Key and the Old Florida private estates on the North End. For buyers, he provides off-market access. For sellers, he brings the buyer network that moves luxury property at full price. Is Longboat Key a good place to buy real estate? Longboat Key is one of the most consistently desirable barrier islands in Florida for luxury real estate investment. Its 30-day minimum rental policy protects property values and neighborhood character, making it ideal for end-users, snowbirds, and buyers who prioritize equity appreciation over short-term rental income. The island's limited land supply, Gulf-front positioning, and access to Sarasota's arts and cultural amenities create sustained demand. The St. Regis resort presence on the south end has further elevated the island's profile for ultra-luxury buyers. What is the difference between North and South Longboat Key? South Longboat Key (the gated "The Gates" area) is characterized by resort-adjacent exclusivity -- the St. Regis Longboat Key, Country Club Shores, and Bay Isles are concentrated here, offering golf club access and the highest price per square foot on the island. Mid-Key features panoramic Gulf-view high-rises including Water Club, Grand Bay, and L'Ambiance. North Longboat Key (The Village) has an Old Florida atmosphere with low-rise estates and private residences, attracting buyers who prefer a quieter, less resort-driven lifestyle at slightly lower price points than the south end. What are the rental rules on Longboat Key? Longboat Key enforces a 30-day minimum rental policy, which prohibits short-term rentals (Airbnb, VRBO, or weekly rentals) throughout the island. This ordinance is one of the defining factors that separates Longboat Key from Siesta Key, which allows weekly and daily rentals. The 30-day minimum makes Longboat Key more attractive to buyers focused on a quiet residential experience and long-term appreciation rather than rental cash flow. Where is Longboat Key located? Longboat Key is a barrier island located west of Sarasota, Florida, in Sarasota County. It stretches 12 miles along the Gulf of Mexico, connected to the mainland via bridges. The island runs from Sarasota Bay on the east to the Gulf on the west, with Sarasota directly to the south and Manatee County at the north end. ZIP code is 34228. It is approximately 10 minutes from downtown Sarasota by car. How far is Longboat Key from Siesta Key? Longboat Key and Siesta Key are separated by approximately 15-20 minutes of driving time (around 12 miles), passing through downtown Sarasota. They are not directly connected -- you travel via the mainland. Despite being neighboring barrier islands in the Sarasota area, they have distinctly different characters: Longboat Key is quieter, more exclusive, and resort-adjacent, while Siesta Key is more tourist-oriented with weekly rental activity and the famous white-quartz sand beach that draws significant seasonal traffic. Welcome to Longboat KeyIdyllic island community with Gulf and Sarasota Bay views Longboat Key (34228) is a waterfront community on a barrier island between the Gulf of Mexico and Sarasota Bay. Gorgeous white sand beaches run for 11 miles along the coastline. However, Longboat Key is not a single neighborhood; it is a diverse collection of lifestyles. Divided by man-made canals and defined by its proximity to either the Gulf (Beach) or the Bay (Boating), choosing the right "Zone" is your first step.The Longboat Key Lifestyle MapBefore you explore the neighborhoods below, decide which "Zone" fits your vision. Zone The Vibe Real Estate Type South Key (The Gates) Resort & Golf Club The St. Regis / Country Club Shores Mid-Key Panoramic Views High-Rise Condos (Water Club, Promenade) North Key (The Village) Old Florida Charm Low-Rise / Private Estates Dining, Entertainment & ShoppingLongboat Key is home to a fantastic array of restaurants that combine sublime cuisine with mesmerizing waterfront views. The Shore: Serves seafood specialties such as Key West shrimp and scallop risotto. The Drydock Waterfront Grill: Overlooking the marina, this is one of the 100 best al fresco dining experiences in the US. Chart House: A refined steakhouse with a terrace perched above the Gulf waters.Neighborhood Video ToursQueen's Harbor Grand Bay Water Club Promenade Beachplace L'Ambiance Country Club Shores Bay Isles Harbor Ready to Tour Longboat Key?Roger Pettingell knows every building and every canal. Schedule a private boat or home tour today. Contact Roger Pettingell
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Roger Pettingell

EM

Roger Pettingell

Founder & Luxury Waterfront Property Specialist

Roger Pettingell is a nationally recognized leader in Sarasota and Manatee Counties’ luxury waterfront real estate market, known for his record-breaking success and white-glove client experience.

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pettingell.com
Phone
941-586-6668 941-387-1840