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1145 GULF OF MEXICO DRIVE UNIT 503

Condo/Co-op Active With Contract
$1,395,000

BTC: 22.51452550

ETH: 798.96907216

80 days
Waterfront
2 bds
2 ba
1,503 sqft

Overview

Welcome to Beachplace #1-503, a coveted fifth-floor direct Gulf-front getaway in Building 1, offering panoramic beach and Gulf views from one of Longboat Key’s most desirable waterfront communities. Encompassing 1,503 square feet of interior living space, this two-bedroom, two-bath residence delivers front-row access to turquoise waters and spectacular sunset skies. Extensively updated, this residence features oversized diagonal tile flooring throughout, enhancing flow and visual continuity. Impact windows, sliders, and doors were installed in 2017, providing added peace of mind. The open-concept kitchen was thoughtfully redesigned to maximize Gulf views, showcasing rich solid-wood cabinetry in a mahogany finish, granite countertops, tile backsplash, breakfast bar, and stainless-steel appliances. This modernized culinary space connects effortlessly to the dining area and great room, ideal for entertaining while overlooking the beach. The primary suite occupies the northwest corner to capture sweeping water views and evening sunsets. French door access to the terrace and an updated en-suite bath with quartz surfaces, dual sinks, and a glass-enclosed shower create a private retreat. The guest bedroom is positioned on the east side of the residence, also en-suite, offering comfort and privacy for visitors. Positioned beneath the penthouse extended terrace above, the covered Gulf-front balcony provides shaded outdoor living—an ideal vantage point for year-round enjoyment of the shoreline. Walls of impact-rated glass sliders open from the living room directly to the terrace, creating a seamless connection to the water and filling the interior with natural light. Beachplace is a gated Gulf-front community with 24-hour guard security, on-site management, and resort-style amenities. Residents enjoy a heated beachfront swimming pool and spa, clubhouse, fitness center, Har-Tru tennis courts, pickleball, and a private boardwalk to access the beach. Assigned parking and elevator access add convenience to this elevated mid-rise building. Located on the southern end of Longboat Key, Beachplace offers immediate access to the Longboat Key Club’s golf and tennis facilities (requires separate membership), nearby marinas, and the boutiques and restaurants of St. Armands Circle. Downtown Sarasota is just minutes away, where theaters, galleries, waterfront parks, and renowned dining complete the lifestyle. Whether enjoying a morning walk along the Gulf or an evening performance downtown, this direct beachfront residence places the very best of Sarasota living within easy reach.

Location

Details

Type:
Residential
Parking:
Assigned / Guest
Year Built:
1980
Lot:
8.11 Acres
Heating:
Central / Electric
Price/sqft:
$928
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$935,000
$584K – $1.4M
Confidence Low
List vs. estimate
$460K above estimate
List $1,395,000 · +49.2%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$928
+42.2% vs. city median $652
Based on
6 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$13,436
2025
Pool
Deck
View
Water
Waterfront
Gulf/Ocean Front, Waterfront
Furnished
Furnished
Pets
Not allowed
All facts and features
  • Flooring

    • Tile

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Disposal

    • Dryer

    • Electric Water Heater

    • Microwave

    • Range

    • Refrigerator

    • Washer

    Other interior features

    • Eating Space In Kitchen

    • Living Room/Dining Room Combo

    • Open Floorplan

    • Solid Surface Counters

    • Solid Wood Cabinets

    • Split Bedroom

    • Stone Counters

    • Tray Ceiling(s)

    • Window Treatments

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 2

  • Parking

    • Assigned

    • Guest

    Property

    • Levels: One

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

    Lot

    • Lot: 8.11 Acres

    Other Property Information

    • Parcel Number: 0010031023

    • Zoning: R6MX

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Utility

    • Cable Available

    • Electricity Connected

    • Phone Available

    • Public

    • Sewer Connected

    • Underground Utilities

    • Water Connected

  • Other financial information

    • HOA Frequency: Quarterly

    • Annual tax amount: $13,436

  • Source details

    • MLS ID: A4683782

    Other facts

    • Construction Materials: Block / Concrete

    • Foundation Details: Pillar/Post/Pier

    • Laundry Features: Electric Dryer Hookup / In Kitchen / Laundry Closet

    • Lot Features: FloodZone / In County / Landscaped / Near Golf Course / Near Marina / Private / Sidewalk

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

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

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

    • Direction Faces: East

    • Other Structures: Tennis Court(s)

    • Architectural Style: Contemporary / Elevated

    • Waterfront: Yes

    • Living Area: 1503

    • Water Source: Public

    • Subdivision Name: BEACHPLACE I

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