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3240 GULF OF MEXICO DRIVE UNIT B504

Condo/Co-op For Sale
$689,000

BTC: 8.20238095

ETH: 260.00000000

-$11K (2026/08/26)
56 days
Waterfront
2 bds
2 ba
1,260 sqft

Overview

Welcome to Portobello, a Gulf to Bay community on mid Longboat Key where residents enjoy their own private beach access just across the street and a bayside dock right outside the door. This beautifully remodeled, turnkey furnished fifth floor condo overlooks the quiet waters of Cranes Bayou, positioned to catch soft morning light while the terrace stays comfortably shaded through the afternoon. Inside, the open floor plan is filled with natural light and finished with new laminate wood flooring, crown molding, plantation shutters, and new light fixtures throughout. The updated kitchen offers stainless steel appliances, custom white cabinetry with crown molding, under cabinet lighting, and a breakfast bar that opens to the dining area. The split bedroom layout is ideal for hosting guests. The oversized primary suite features its own water views, space for a king sized bed, an oversized walk in closet, and an en suite bath with a smart split sink and shower design, while the equally spacious second bedroom sits beside a fully updated second bath. A sleeper sofa in the living room allows the condo to comfortably sleep six, and an in unit washer and dryer adds everyday convenience. The full length screened terrace spans the entire width of the unit and is accessible through new impact sliding doors from the living room and both bedrooms, so the water view follows you from room to room. Portobello's amenities complete the picture. A BRAND NEW AC unit was installed in September 2026, ensuring peace of mind for years to come. Residents enjoy a heated pool with tennis courts, a fully renovated recreation room, kayak and canoe storage with a launch area, and a dock and walkway for fishing or docking your boat for up to two days. A bayside picnic area with a gas grill and umbrella tables sits near the kayak launch, perfect for sunset cookouts by the water. Just across the street, Portobello's private beach access puts the Gulf and its sugar sand shoreline a short stroll from your door, complete with a beach shower for rinsing off after a day in the sand. Each unit has its own extra ground floor storage locker, and the freshly painted, recently inspected building is centered on a lush tropical courtyard with a fountain, surrounded by beautifully landscaped grounds with paver parking. Condominium fees include water, sewer, trash, and basic cable. You are also just moments from everyday shopping and convenience at the Shoppes of Bay Isles, home to a Publix, CVS, and more, all without ever leaving the island, while St. Armands Circle and downtown Sarasota are an easy drive down the Key. With upgraded windows and doors, furnishings, appliances, and modern baths already in place, this is a Longboat Key retreat ready to enjoy from the very first day. Come experience it for yourself. **THIS PROPERTY QUALIFIES FOR A 1% LENDER INCENTIVE IF USING PREFERRED LENDER. INQUIRE FOR MORE DETAILS.**

Location

Details

Type:
Residential
Parking:
Assigned / Guest
Year Built:
1975
Lot:
No Data
Heating:
Central / Electric
Price/sqft:
$547
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$199,000
$142K – $617K
Confidence Low
List vs. estimate
$490K above estimate
List $689,000 · +246.2%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$546
-6.6% vs. city median $585
Based on
7 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$8,079
2025
View
Trees/Woods, Water
Waterfront
Bay/Harbor Front, Waterfront
Furnished
Furnished
Pets
Not allowed
All facts and features
  • Flooring

    • Laminate

    • Tile

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Dryer

    • Microwave

    • Range

    • Refrigerator

    • Washer

    Other interior features

    • Ceiling Fan(s)

    • Crown Molding

    • Living Room/Dining Room Combo

    • Open Floorplan

    • Split Bedroom

    • Stone Counters

    • Thermostat

    • Walk-In Closet(s)

    • Window Treatments

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 2

  • Parking

    • Assigned

    • Guest

    Property

    • Levels: One

    • Exterior Features: Balcony / Courtyard / Lighting / Sliding Doors / Storage

    Other Property Information

    • Parcel Number: 0005021059

    • Zoning: R4MX

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Utility

    • BB/HS Internet Available

    • Cable Available

    • Electricity Available

    • Public

    • Sewer Available

    • Water Available

  • Other financial information

    • Annual tax amount: $8,079

  • Source details

    • MLS ID: A4702237

    Other facts

    • Construction Materials: Concrete / Stucco

    • Foundation Details: Stilt/On Piling

    • Laundry Features: Inside / Laundry Closet

    • Lot Features: City Lot / Sidewalk

    • Patio And Porch Features: Patio / Screened

    • Window Features: Window Treatments

    • Direction Faces: Southwest

    • Waterfront: Yes

    • Living Area: 1260

    • Water Source: Public

    • Subdivision Name: PORTOBELLO

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: KW COASTAL LIVING III