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$1,400,000

Beds
2
Baths
2.0
sq ft
1,598

1211 Gulf Of Mexico Dr Unit 706, Longboat Key, FL 34228

1211 Gulf Of Mexico Dr Unit 706

LONGBOAT KEY, FL 34228

  • 46 days on market
    • Price drop $99,990↓
Your Private Coastal Retreat on Longboat Key. Discover the pinnacle of beachside living in this fully furnished, 2-bedroom, 2-bathroom condo at The Promenade on Longboat Key. Overlooking the Gulf of Mexico, Sarasota Bay, Siesta Key and the glittering Sarasota city skyline, this exceptional home offers unparalleled luxury, modern elegance, and breathtaking views. Step into a light-filled retreat where contemporary updates meet timeless design. Floor-to-ceiling glass sliders frame panoramic beach views and open to a wraparound terrace, seamlessly connecting the living space with the outdoors. This expansive terrace extends to the kitchen and primary suite, creating an effortless indoor-outdoor flow that’s perfect for both relaxing and entertaining. The chef-inspired kitchen is a masterpiece of style and functionality, featuring all-new Bosch appliances, an oversized Sub-Zero refrigerator, sleek quartz countertops, solid wood cabinetry with soft-close drawers, and a chic modern backsplash. The oversized primary suite is a sanctuary of comfort, offering direct lanai access, two spacious walk-in closets, and a custom built-in makeup vanity. The spa-like primary bathroom boasts dual vanities, a walk-in shower, and state-of-the-art shower upgrades. The guest suite, positioned for maximum privacy, also enjoys stunning views of the Gulf and city skyline, making it a perfect retreat for family and friends. Additional conveniences include an in-unit laundry room equipped with a new Samsung washer and dryer, one secure under-building parking space and ample guest parking, and a private storage locker. The Promenade redefines coastal living with world-class amenities designed to elevate your lifestyle. Residents enjoy on-site management and a full-service concierge team. Secure lobby with a 24-hour manned guard gate. Updated social rooms and a state-of-the-art fitness center with sauna. Four Har-Tru tennis courts, a Gulfside sundeck, and an oversized heated swimming pool and spa. A private boardwalk to the beach, complete with Tiki huts, pristine sands, and complimentary chairs, tables, and umbrellas. Located just 0.6 miles from the brand-new $800 million St. Regis Resort, you’re steps away from tropical cocktails, luxurious spa treatments, and gourmet dining at one of the resort’s seven on-site venues. Whether you’re savoring a morning coffee on the lanai or hosting a sunset soirée, this condo offers the ultimate coastal lifestyle in one of Florida’s most sought-after destinations.

Details

Property type

Condominium

Est. home value

$1,368,854

Lot size

Unknown

Price per sq ft

$877

Year built

1985

Annual property taxes

$15,039

HOA

No

Price History

02/12/2025
StellarMLS

StellarMLS #A4631985

Price change
$1,400,000
-6.67%
01/08/2025
StellarMLS

StellarMLS #A4631985

Listed
$1,499,990
+64.83%
04/16/2021
StellarMLS

StellarMLS #A4491509

Sold
$910,000
+4%

Schools & Community

Elementary school: 

Southside Elementary

Middle school: 

Booker Middle

High school: 

Booker High

Community features: 

Gated, Clubhouse, Fitness Center, Pool, Sidewalks, Tennis Court(s)

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$620,636
Asking price
$1,400,000
Closing costs (~8% of asking)
-$112,000
Est. remaining loan balance
-$667,364
Cash to seller
$620,636

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Jpmorgan Chase Bank Na

Loan start date

April 2021

Original loan amount

$728,000

Est. remaining balance

$667,364

Interest rate

3.02%

Loan type

New Conventional, 30 year

Seller

Richard K Freeman and Anne Courtney Freeman

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 02/23/2025 at 8:15 AM

Listing updated: 02/12/2025 at 4:15 PM

Listed by: Tim Koons-McGee, MICHAEL SAUNDERS & COMPANY Phone #: (941) 907-9595

MLS: StellarMLS #A4631985

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