340 GULF OF MEXICO DRIVE UNIT 115, LONGBOAT KEY, FL, 34228
Pending254 days on marketListed Dec 9, 2025MLS #A4674650
About this home
340 GULF OF MEXICO DRIVE UNIT 115
Your Longboat Key oasis awaits! This totally renovated 3bdrm 2.5 bath condo offers a open concept living space with high ceilings and walls of glass allowing sweeping views os Sarasota Bay. Light and bright material selections mix modern luxury with a coastal theme. The gourmet kitchen features white soft close custom cabinetry, sleek glass doors, quartz countertops, mother of pearl backsplashes and new stainless steel appliances. The open and inviting great room/dining room features separate wine coolers for varieties, a bar with open glass shelves and a cozy linear gas fireplace. The primary retreat offers luxury and seclusion with sliding doors onto the bay front lanai: a perfect place to watch the sunrise over the Sarasota skyline and enjoy playful dolphins and soaring seabirds. There is abundant walk in closet space customized by California Closets. The bath features a stand alone soaking tub and marble spa shower.custom cabinets, make up vanity, dual sinks and sparkling chandeliers complete the carefully curated mix of luxury and livability. The en suite guest bedroom features an open spa shower affording vacation style comfort to your guests. The third bedroom/office includes a wall of glass with retractable shade allowing for versatility of use. Notable home features include fine detail is such as wide plank LVT flooring throughout, 8’ solid mahogany doors with Emtek hardware, level five drywall finish, custom trim and millworker, LED recessed lighting, designer chandeliers, new high impact hurricane windows and sliders, and electric hurricane shutters throughout for peace of mind. Unique amenities include an attached oversized two car garage, an expanded courtyard off the kitchen with a seating area and your OWN gas grill. Residents have exclusive access to the Bay Isles Beach Club as well as on site amenities including a resort style pool, tennis, pickleball, exercise room, kayak SUP launch, and fishing dock. Perfectly situated in the southern most bayfront location on Longboat Key next to Quick Point Preserve, it is an easy walk to marina, restaurants,St. Armand’s and the LBK Club
Facts & features
The home at a glance
3
Bedrooms
2.5
Bathrooms
2,314
Sqft
10.95 ac
Lot size
2
Garage
1991
Year built
One
Levels
$1,013
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$18,066 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$18,066/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
+71.5%
$/sqft vs Longboat Key actives
$1,013 vs $696
Days on market
254 vs 94 typical
Where $1,013/sqft sits among the 270 Longboat Key actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Longboat Key
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Longboat Key. See the full Longboat Key guide →
LONGBOAT KEY 34228 — neighborhood snapshot
Population
7,512
Median age
71.5
Median income
$143,365
Median home value
$959,200
Avg household
1.8
Households w/ children
51%
For the school run
Sarasota County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Longboat Key market
$820K → $1.4M
Longboat Key median sold, yr/yr
93.1%
Sale-to-list ratio (12 mo)
117 of 270
Longboat Key actives have cut their price
Median sold price, Longboat Key, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 276% above the LONGBOAT KEY 34228 median. See the full Longboat Key market guide →
Paper trail
This home's history
Reality check
What actually sold near 340 GULF OF MEXICO DRIVE UNIT 115
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Mar ’26$1,100,000
360 GULF OF MEXICO DRIVE UNIT 322 · same community
2 bd · 2.5 ba · 2,276 sqft · $483/sqft · 92 DOM
Sold · Mar ’26$1,850,000
340 GULF OF MEXICO DRIVE UNIT 126 · same community
2 bd · 2.5 ba · 2,274 sqft · $814/sqft · 32 DOM
Sold · May ’26$1,690,000
340 GULF OF MEXICO DRIVE UNIT 124 · same community
3 bd · 3 ba · 2,365 sqft · $715/sqft · 333 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Shawn Headley
Realtor · CENTURY 21 Edge
Tours, negotiation, and every question about 340 GULF OF MEXICO DRIVE UNIT 115 — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 340 GULF OF MEXICO DRIVE UNIT 115 — before you fall in love.
See it in person
Schedule a tour
Live availability from Shawn's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
340 GULF OF MEXICO DRIVE UNIT 115 FAQs
What would the monthly payment be for 340 GULF OF MEXICO DRIVE UNIT 115?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $18,066/mo — principal and interest, the actual property-tax bill, the $3,033/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at 340 GULF OF MEXICO DRIVE UNIT 115?+
The association fee works out to $3,033 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 340 GULF OF MEXICO DRIVE UNIT 115?+
The most recent tax bill on record (2024) was $16,082. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 340 GULF OF MEXICO DRIVE UNIT 115?+
The listing reports pets: Cats OK, Dogs OK. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Longboat Key?+
At $2,345,000, this home is listed about 147% above the Longboat Key median of $950,000. The market section on this page shows how the area is trending.
Which schools are assigned to 340 GULF OF MEXICO DRIVE UNIT 115?+
Booker High School (high), Southside Elementary School (elementary), Booker Middle School (middle) — Sarasota County School District. Always verify school assignments with the district before relying on them.
The brief
Five things that matter here
01Positioned at the premium end
$2,345,000 runs 276% above the LONGBOAT KEY 34228 median — but at 2,314 sqft it's also 54% larger than the typical Longboat Key listing.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Know the monthly fee
The association fee is $3,033/mo. That usually buys real services — verify what's covered before comparing this home against fee-free alternatives.
04Time on market is leverage
254 days on market against a Longboat Key median of 94 — sellers in this position are usually ready to negotiate.
05Strong assigned schools
Booker High School, Southside Elementary School, Booker Middle School — Southside Elementary School rates 5 of 5. Always verify assignments with the district.
Keep looking
Similar homes nearby
Listing courtesy of DEVELOPERS REALTY LBK, INC · Reid Murphy. MLS #A4674650.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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