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1241 GULF OF MEXICO DRIVE UNIT 506

Condo/Co-op For Sale
$3,850,000

BTC: 61.11111111

ETH: 2,205.04009164

29 days
3 bds
3 ba
2,650 sqft

Overview

Welcome to coastal luxury redefined at the Water Club on Longboat Key. This fully reimagined residence at 1241 Gulf of Mexico Dr, Unit 506 has undergone a complete, top-to-bottom renovation completed in 2025, offering a like-new living experience in one of Florida’s most sought-after beachfront communities. No detail was overlooked—featuring a brand-new designer kitchen with premium finishes, fully renovated bathrooms, new flooring throughout, updated trim, modern lighting, and fresh interior paint. The home is further elevated by a whole-home Lutron system, delivering effortless, customizable lighting control and a true smart-luxury experience. Positioned in the highly desirable south building and an even-numbered unit (ideal for sunset views over the Gulf), this residence captures some of the most breathtaking winter sunset views—where the sun sets between the buildings, creating a rare and unforgettable coastal backdrop. Residents enjoy an unparalleled resort lifestyle at The Water Club, featuring an exceptional collection of amenities including Har-Tru tennis courts, a resort-style beachfront pool and spa, state-of-the-art fitness center, saunas, locker rooms, elegant clubhouse, library, and private event spaces. With 24-hour security, concierge-level services, and meticulously maintained grounds, The Water Club offers the ultimate in privacy, comfort, and luxury coastal living. Whether as a full-time residence or seasonal retreat, this is Gulf-front living at its absolute finest.

Location

Florida • LONGBOAT KEY • 34228 • Condo/Co-op • For Sale

Details

Type:
Residential
Parking:
No Data
Year Built:
1996
Lot:
2.11 Acres
Heating:
Central
Price/sqft:
$1,453
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$2,197,000
$1.5M – $4.0M
Confidence Low
List vs. estimate
$1.7M above estimate
List $3,850,000 · +75.2%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,452
+122.5% vs. city median $652
Based on
8 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$27,928
2025
View
Pool, Water
Garage
1 car garage
Furnished
Negotiable
Pets
Number Limit, Size Limit
All facts and features

  • Flooring

    • Porcelain Tile

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Bar Fridge

    • Built-In Oven

    • Cooktop

    • Dishwasher

    • Disposal

    • Dryer

    • Exhaust Fan

    • Freezer

    • Gas Water Heater

    • Ice Maker

    • Microwave

    • Range

    • Range Hood

    • Refrigerator

    • Washer

    • Wine Refrigerator

    Other interior features

    • Built-in Features

    • Ceiling Fan(s)

    • Crown Molding

    • Eating Space In Kitchen

    • Elevator

    • High Ceilings

    • Kitchen/Family Room Combo

    • Living Room/Dining Room Combo

    • Open Floorplan

    • Primary Bedroom Main Floor

    • Smart Home

    • Solid Surface Counters

    • Stone Counters

    • Thermostat

    • Wet Bar

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Full bathrooms: 3

  • Property

    • Levels: One

    • Exterior Features: Balcony / Courtyard / Garden / Outdoor Grill / Outdoor Kitchen / Sauna / Sidewalk / Sliding Doors / Storage / Tennis Court(s)

    Lot

    • Lot: 2.11 Acres

    Other Property Information

    • Parcel Number: 0009112036

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Utility

    • BB/HS Internet Available

    • Cable Available

    • Cable Connected

    • Electricity Available

    • Electricity Connected

    • Phone Available

    Green energy

    • Appliances

    • Lighting

    • Thermostat

    • Water Heater

  • Other financial information

    • HOA Frequency: Quarterly

    • Annual tax amount: $27,928

  • Source details

    • MLS ID: A4689658

    Other facts

    • Construction Materials: Concrete

    • Foundation Details: Concrete Perimeter

    • Laundry Features: Inside

    • Window Features: Blinds / Tinted Windows

    • Direction Faces: Northwest

    • Other Structures: Tennis Court(s)

    • Garage Spaces: 1

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 2650

    • Water Source: Public

    • Subdivision Name: WATER CLUB 01 AT LONGBOAT KEY

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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Market around this address

Live counts in the same area.
View all
This zip
34228
416
median $1.0M
Active
Same city
LONGBOAT KEY
416
median $1.0M
Active
Same type
Condo/Co-op
217
median $949K
Active
Similar price
$2.7M – $5.0M
49
median $3.3M
Active

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: LPT REALTY, LLC