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350 GULF OF MEXICO DRIVE UNIT 234

Condo/Co-op Active With Contract
$749,000

BTC: 11.88888889

ETH: 428.98052692

-$400K (2026/04/24)
105 days
Waterfront
3 bds
3 ba
2,513 sqft

Overview

One or more photo(s) has been virtually staged. Set amid the lush, manicured grounds of Tangerine Bay, this exceptional two-story penthouse residence offers a rare blend of architectural volume, natural light, and water views. Mature tropical landscaping, tranquil lagoons, and resort-style amenities create a serene, park-like environment that feels both private and welcoming. Two terraces highlight scenic views and offer the option of installing a gas grill. Inside, soaring two-story ceilings define the main living area, creating an airy, light-filled atmosphere enhanced by expansive windows that frame picturesque views of the lagoon, resort-style pool w/ waterfall features, tropical plantings and the waters of Sarasota Bay and distant city skyline. The open living and dining spaces are ideal for both relaxed everyday living and entertaining, anchored by a fireplace and generous wall space for art. From the entry patio, unexpected Bay and city views provide a striking first impression and a unique urban-meets-coastal backdrop. The residence features three full bedrooms and three and a half baths. The upper-level retreat with its full bath has a terrace with elevated views across the natural preserve toward the city. This home presents a true blank canvas, thoughtfully priced to allow the new owner to reimagine and transform it into their own vision of refined coastal living. A deeded, private two-car garage adds exceptional convenience and value—an uncommon and highly desirable feature. Located on the coveted south end of Longboat Key, Tangerine Bay Club is a gated, pet-friendly community close to Lido Beach, dining and boutique shopping on St. Armands Circle, and the cultural, dining, and arts scene of downtown Sarasota. Optional Bay Isles Beach Club membership is available, providing exclusive access to a private, gated four-acre Gulf of Mexico beach facility, reserved for a select group of members—ideal for beach gatherings, sunset celebrations, and effortless days by the sea. An outstanding opportunity to embrace the Florida lifestyle in one of Longboat Key’s most desirable bayfront communities.

Location

Details

Type:
Residential
Parking:
Deeded / Garage Door Opener / Garage Faces Side / Ground Level / Guest / Open / Under Building
Year Built:
1992
Lot:
No Data
Heating:
Central / Electric / Natural Gas
Price/sqft:
$298
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$2,195,000
$1.1M – $3.1M
Confidence Low
List vs. estimate
$1.4M below estimate
List $749,000 · -65.9%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$298
-54.3% vs. city median $652
Based on
27 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$10,107
2025
Pool
Heated
View
City, Water
Waterfront
Bay/Harbor Front, Waterfront
Garage
2 car garage
Pets
Allowed
All facts and features
  • Flooring

    • Carpet

    • Ceramic Tile

    • Marble

    Heating

    • Central

    • Electric

    • Natural Gas

    Cooling

    • Central Air

    Appliances

    • Built-In Oven

    • Cooktop

    • Dishwasher

    • Disposal

    • Dryer

    • Electric Water Heater

    • Microwave

    • Refrigerator

    • Washer

    Other interior features

    • Built-in Features

    • Eating Space In Kitchen

    • High Ceilings

    • Living Room/Dining Room Combo

    • Open Floorplan

    • Primary Bedroom Main Floor

    • Solid Wood Cabinets

    • Stone Counters

    • Vaulted Ceiling(s)

    • Walk-In Closet(s)

    • Wet Bar

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Bathrooms: 1

    • Full bathrooms: 3

  • Parking

    • Deeded

    • Garage Door Opener

    • Garage Faces Side

    • Ground Level

    • Guest

    • Open

    • Under Building

    Property

    • Levels: Two

    • Exterior Features: Awning(s) / Balcony / Lighting / Sliding Doors / Tennis Court(s)

    Other Property Information

    • Parcel Number: 0012051034

    • Zoning: MUC2

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Utility

    • Cable Available

    • Electricity Available

    • Electricity Connected

    • Natural Gas Available

    • Natural Gas Connected

    • Phone Available

    • Public

    • Sewer Connected

    • Underground Utilities

    • Water Available

  • Other financial information

    • HOA Frequency: Annually

    • Annual tax amount: $10,107

  • Source details

    • MLS ID: A4678529

    Other facts

    • Construction Materials: Block / Stucco

    • Foundation Details: Slab / Stilt/On Piling

    • Fireplace Features: Gas / Living Room

    • Laundry Features: Electric Dryer Hookup / Inside / Laundry Room / Washer Hookup

    • Lot Features: Cleared / FloodZone / City Lot / In County / Landscaped / Near Golf Course / Near Marina / Near Public Transit / Sidewalk

    • Patio And Porch Features: Covered / Front Porch / Rear Porch

    • Pool Features: Heated / In Ground / Lighting

    • Window Features: Blinds / Drapes

    • Direction Faces: East

    • Architectural Style: Custom / Other

    • Waterfront: Yes

    • Fireplace: Yes

    • Water Body Name: SARASOTA BAY

    • Garage Spaces: 2

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 2513

    • Water Source: Public

    • Subdivision Name: TANGERINE BAY CLUB

Private inquiry
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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