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$1,625,000

Beds
3
Baths
3.5
sq ft
2,949

360 Gulf Of Mexico Dr Unit 332, Longboat Key, FL 34228

360 Gulf Of Mexico Dr Unit 332

LONGBOAT KEY, FL 34228

  • <1 day on market
Rarely Available Luxury Penthouse at Tangerine Bay Club! Don’t miss your chance to own the pinnacle of waterfront living in this exquisite luxury penthouse—built as the builder’s home and offering the largest square footage in the community. Nestled within the private, gated enclave of Tangerine Bay Club on the coveted southern tip of Longboat Key, this two-story residence offers unparalleled Sarasota Bayfront views and breathtaking panoramas from every angle. Step inside this meticulously maintained home where upscale finishes and thoughtful design are evident throughout. The gourmet kitchen is a chef's dream, featuring a kitchen nook, granite countertops, state-of-the-art appliances, breakfast bar, custom and underlit cabinetry, a designer backsplash, and a generous pantry. The spacious open concept living and dining areas boast vaulted ceilings, a gas fireplace, a wet bar, and stunning bay views, making this the ideal space for both relaxing and entertaining. Expansive sliding glass doors seamlessly blend indoor and outdoor living, leading to a serene back patio that overlooks sparkling Sarasota Bay. The luxurious primary suite is your private retreat, complete with a spacious walk-in closet and a spa-inspired bathroom designed for ultimate relaxation. The first floor also includes a guest bedroom with an en-suite bath, laundry room and a convenient powder bathroom. The second level features an oversized guest suite with an en-suite bath, a spacious loft area with a living room & sitting area including a custom designed shelving unit that pivots to reveal a queen size Murphy bed. In addition, the loft offers a versatile office/den with built-in desk and storage. Outdoor enthusiasts will appreciate the oversized two-car garage, providing ample storage for kayaks, paddleboards, bikes, and more. Enjoy resort-style amenities at Tangerine Bay Club, including a heated pool and spa, cabana, fitness center, community day dock, kayak launch, two pickleball courts, a tennis court, clubhouse, and on-site management. All of this is just a 5-minute drive to Lido Beach and St. Armands Circle, offering boutique shopping, dining, and entertainment. Membership at the Longboat Key Club offers access to private beaches, award-winning golf courses, and world-class dining. Residents can also join the exclusive Bay Isles Beach Club for additional beach access. Seize this rare opportunity to own a home in one of Longboat Key’s most exclusive, tranquil communities. Your private waterfront sanctuary awaits—Click on the video and virtual tour for more images and schedule your showing today!

Details

Property type

Condominium

Est. home value

$1,798,134

Lot size

Unknown

Price per sq ft

$552

Year built

1992

Annual property taxes

$13,593

HOA

Yes

Price History

02/04/2025
StellarMLS

StellarMLS #A4639013

Listed
$1,625,000
+75.68%
04/15/2019
StellarMLS

StellarMLS #A4422245

Sold
$925,000
-26%
02/29/2008
StellarMLS

StellarMLS #A375290

Sold
$1,250,000

Schools & Community

Elementary school: 

Southside Elementary

Middle school: 

Booker Middle

High school: 

Booker High

Community features: 

Gated, Clubhouse, Fitness Center, Pool, 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

$1,264,806
Asking price
$1,625,000
Closing costs (~8% of asking)
-$130,000
Est. remaining loan balance
-$230,194
Cash to seller
$1,264,806

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

Seller’s Loan History

Lender

Quicken Loans Llc

Loan start date

June 2021

Original loan amount

$250,000

Est. remaining balance

$230,194

Interest rate

3.04%

Loan type

New Conventional, 30 year

Seller

Steven Bruce Frankel and Ellen M Frankel

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?

Status: Active

Tomo last checked: 02/05/2025 at 1:40 AM

Listing updated: 02/05/2025 at 1:08 AM

Listed by: Liz Arme, PREMIER SOTHEBYS INTL REALTY Phone #: (941) 364-4000

MLS: StellarMLS #A4639013

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