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$2,995,000
$1,040/sqft6% reduced
HOA: $9,300/quTaxes: $22,280/yr235d on market

Tangerine Bay Club

340 GULF OF MEXICO DR #136, LONGBOAT KEY, FL, 34228

View all homes for sale in Tangerine Bay Club
3 Beds|4 Baths|2,880 Sq Ft|Built 1991|2 Car Garage

Key Features

WaterfrontWater ViewSpa/Hot Tub11 Acre LotFireplace
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💡 Price recently reduced — this could be a great opportunity to negotiate.

Golf Course
Feature
Near Golf Course
C2C

Coast 2 Coast Home Realty

Licensed Florida Realtors

4.9· 214 reviews

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Buyer Insights

Here's what we know about this listing.

Why this home stands out

  • Price reduced 6% ($200,000 off original)
  • 235+ days on market — seller may be motivated

Buyer Insights are informational only — always verify with your agent.

Two-level penthouse residences at Tangerine Bay Club are rarely available, and this south-facing corner offering sets a new benchmark for waterfront living. Recently reimagined, this nearly 3,000-square-foot residence captures expansive views of Sarasota Bay, the downtown skyline, and protected mangrove preserves, all while offering exceptional privacy. With two generous terraces, a private courtyard entry, and a private two-car garage, the layout lives with the ease and separation of a single-family home. The interior blends coastal sophistication with thoughtful upgrades throughout. An open-concept living space features vaulted ceilings, a skylight, gas fireplace, and a custom entertainment wall, while walls of glass frame the bay and open to outdoor terraces for seamless indoor-outdoor living. Impact-rated Andersen windows, motorized storm shutters, custom LED lighting, and California Closets elevate both comfort and functionality. The gourmet kitchen anchors the main living level and is designed for both daily use and entertaining. Finishes include honed marble countertops, a leathered-stone island, custom cabinetry by Campbell Cabinetry Designs, and chef-caliber appliances. Highlights include a La Cornue dual-fuel range with French plate, Flamberge rotisserie oven, galley sink, wine cooler, and Sub-Zero beverage drawers. A breakfast nook and formal dining area provide flexible gathering spaces. The primary suite is privately positioned in the east wing, offering terrace access, custom wardrobe systems, and a spa-inspired bath with quartz surfaces, freestanding soaking tub, dual vanities, and a walk-in steam shower. A second bedroom with nearby full bath is currently styled as a den. Upstairs, a lofted lounge with built-ins and a third en-suite bedroom create an ideal guest retreat or work-from-home environment. Tangerine Bay Club is a resort-style Longboat Key community known for Mediterranean architecture, mature landscaping, and an active social atmosphere. Amenities include a 25-meter heated pool and spa on a private island, tennis and pickleball courts, fitness center, kayak launch, walking paths, and a day dock available on a first-come basis. Optional membership to the Bay Isles Beach Club offers deeded access to a private stretch of Gulf-front beach. Ideally located on the south end of Longboat Key, this residence is moments from the Longboat Key Club, Harbourside Golf Course and Marina, and popular waterfront dining. St. Armands Circle’s boutiques and restaurants are minutes away, with downtown Sarasota’s arts, theaters, galleries, and marina district just beyond—delivering a refined island lifestyle with effortless access to the region’s best amenities.

County
Sarasota
Zip Code
34228

Neighborhood

Map unavailable

Type
Condominium
Living Area
2,880 sqft
Construction
Block, Stucco
Roof
Tile
Flooring
Wood
Pool
No
HOA
$9,300 / Quarterly
  • Built-in Features
  • Cathedral Ceiling(s)
  • Eat-in Kitchen
  • High Ceilings
  • Living Room/dining Room Combo
  • Open Floorplan
  • Primary Bedroom Main Floor
  • Solid Surface Counters
  • Solid Wood Cabinets
  • Split Bedroom
  • Stone Counters
  • Vaulted Ceiling(s)
  • Walk-in Closet(s)
  • Window Treatments
  • Balcony
  • Courtyard
  • Hurricane Shutters
  • Lighting
  • Sidewalk
  • Sliding Doors
  • Storage
  • Tennis Court(s)
  • Bar Fridge
  • Built-in Oven
  • Convection Oven
  • Dishwasher
  • Disposal
  • Dryer
  • Ice Maker
  • Microwave
  • Range
  • Range Hood
  • Refrigerator
  • Tankless Water Heater
  • Washer
  • Wine Refrigerator
  • Inside
  • Laundry Room
  • Deck
  • Patio
  • Flood Insurance Required
  • Floodzone
  • In County
  • Landscaped
  • Near Golf Course
  • Near Marina
  • Oversized Lot
  • Private
  • Sidewalk
  • Cable Available
  • Electricity Connected
  • Natural Gas Connected
  • Phone Available
  • Public
  • Sewer Connected
  • Underground Utilities
  • Water Connected
  • Association Recreation - Owned
  • Buyer Approval Required
  • Clubhouse
  • Community Mailbox
  • Deed Restrictions
  • Fitness Center
  • Gated Community - No Guard
  • Pool
  • Sidewalks
  • Tennis Court(s)
  • Bay/harbor Front
  • Dock
  • Clubhouse
  • Elevators
  • Fitness Center
  • Gated
  • Maintenance
  • Pool
  • Recreation Facilities
  • Spa/hot Tub
  • Storage
  • Tennis Court(s)
  • Vehicle Restrictions
  • Pool
  • Escrow Reserves Fund
  • Insurance
  • Maintenance Structure
  • Maintenance Grounds
  • Management
  • Pest Control
  • Private Road
  • Recreational Facilities
  • Sewer
  • Trash
  • Water
  • Cabana
  • Storage
  • Tennis Court(s)
Bedrooms
3
Bathrooms
4
Year Built
1991
Construction
Block, Stucco
Flooring
Wood
Roof
Tile
Garage Spaces
2
Cooling
Central Air, Zoned
Heating
Central, Electric, Heat Pump, Zoned
Waterfront
Yes
Pet Restrictions
Number Limit, Size Limit, Yes
Lot Size
10.95 acres
Senior Community
No
Building Elevator
Yes
Pet Size
Small (16-35 Lbs.)
# of Pets
2
Max Pet Weight
22 lbs
Tax Year
2024
Annual Tax Amount
$22,280

Association Fees

  • HOA Fee

    MICHAEL CANACARI

    $9,300/ Quarterly

Down Payment20% — $599,000
Interest Rate6.50%
Loan Term
Est. Mortgage
$15,144
HOA Fee
$3,100
Est. Property Tax
$1,857
Est. Insurance
$998
Total Est. Monthly Cost$21,099

* Estimates are for illustration purposes only and do not constitute an offer of financial advice. Actual rates, payments, insurance, and taxes will vary based on credit, location, and other factors. Contact a licensed mortgage professional for a personalized quote. Homeowners insurance estimate based on Florida averages.

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