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340 GULF OF MEXICO DRIVE UNIT 136

Condo/Co-op For Sale
$2,995,000

BTC: 37.67295597

ETH: 1,271.37890487

23 days
Waterfront
3 bds
3 ba
2,880 sqft

Overview

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.

Location

Details

Type:
Residential
Parking:
Deeded / Garage Door Opener / Ground Level / Guest / Under Building
Year Built:
1991
Lot:
10.95 Acres
Heating:
Central / Electric / Heat Pump / Zoned
Price/sqft:
$1,040
Cooling:
Central Air / Zoned
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$2,000,000
$1.3M – $2.9M
Confidence Low
List vs. estimate
$995K above estimate
List $2,995,000 · +49.8%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,039
+69.9% vs. city median $611
Based on
5 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$22,280
2024
Pool
Deck
View
City, Water
Waterfront
Bay/Harbor Front, Bay/Harbor
Garage
2 car garage
Pets
Number Limit, Size Limit
All facts and features
  • Flooring

    • Hardwood

    Heating

    • Central

    • Electric

    • Heat Pump

    • Zoned

    Cooling

    • Central Air

    • Zoned

    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)

    • Eating Space In Kitchen

    • High Ceilings

    • Living Room/Dining Room Combo

    • Open Floorplan

    • Primary Bedroom Main Floor

    • Skylight(s)

    • Solid Surface Counters

    • Solid Wood Cabinets

    • Split Bedroom

    • Stone Counters

    • Vaulted Ceiling(s)

    • Walk-In Closet(s)

    • Window Treatments

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Bathrooms: 1

    • Full bathrooms: 3

  • Parking

    • Deeded

    • Garage Door Opener

    • Ground Level

    • Guest

    • Under Building

    Property

    • Levels: Two

    • Exterior Features: Balcony / Courtyard / Hurricane Shutters / Irrigation System / Lighting / Sidewalk / Sliding Doors / Storage / Tennis Court(s)

    Lot

    • Lot: 10.95 Acres

    Other Property Information

    • Parcel Number: 0012051018

    • Zoning: MUC2

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Utility

    • Cable Available

    • Electricity Connected

    • Natural Gas Connected

    • Phone Available

    • Public

    • Sewer Connected

    • Underground Utilities

    • Water Connected

  • Other financial information

    • Annual tax amount: $22,280

  • Source details

    • MLS ID: A4707766

    Other facts

    • Construction Materials: Block / Stucco

    • Foundation Details: Stilt/On Piling

    • Fireplace Features: Gas / Living Room

    • Laundry Features: Inside / Laundry Room

    • Lot Features: Flood Insurance Required / FloodZone / In County / Landscaped / Near Golf Course / Near Marina / Oversized Lot / Private / Sidewalk

    • Patio And Porch Features: Deck / Patio

    • Pool Features: Deck / Gunite / Heated / In Ground / Lighting / Outside Bath Access

    • Window Features: Storm Window(s) / Window Treatments / Wood Frames

    • Direction Faces: West

    • Other Structures: Cabana / Storage / Tennis Court(s)

    • Architectural Style: Custom / Elevated / Mediterranean

    • Waterfront: Yes

    • Fireplace: Yes

    • Garage Spaces: 2

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 2880

    • Water Source: Public

    • Subdivision Name: TANGERINE BAY CLUB

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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: COLDWELL BANKER REALTY