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$2,690,000

Beds
3
Baths
2.5
sq ft
2,375

545 Sanctuary Dr Unit A803, Longboat Key, FL 34228

545 Sanctuary Dr Unit A803

LONGBOAT KEY, FL 34228

  • 2 days on market
Discover the pinnacle of coastal luxury in this magnificent 8th-floor northeast corner residence, perfectly positioned within one of Longboat Key’s most sought-after communities. Revel in sweeping, unobstructed views of the Gulf of Mexico, Sarasota Bay, Downtown Sarasota, the Longboat Key golf course and beyond. With a generous 2,375-square-foot floor plan, this exquisitely appointed home offers two spacious bedrooms, a convertible den/third bedroom and two-and-a-half baths. Every detail of this residence exudes sophistication. The turnkey-furnished interior features soaring ceilings, gleaming marble floors and a light-filled kitchen with an island centerpiece designed for functionality and elegance. The kitchen, equipped with Bosch and Sub-Zero appliances, ample storage and an inviting dining nook, seamlessly blends modern convenience with timeless style. Floor-to-ceiling glass sliders frame the panoramic vistas, while wraparound terraces provide the ultimate setting for sunrise coffee or evening cocktails. Nestled behind the gates of the exclusive Longboat Key Club, The Sanctuary offers a resort lifestyle unmatched in its amenities and beauty. The community boasts 1,200 feet of pristine white sand beach, a heated Gulf-side swimming pool with a 25-meter lap area, an outdoor whirlpool spa and a charming beachfront gazebo. Two lighted Har-Tru tennis courts and a state-of-the-art fitness center provide endless recreation opportunities, while saunas and an entertainment room ensure relaxation and social enjoyment. On-site management, 24-hour security and meticulously maintained grounds enhance the sense of exclusivity and convenience. The community also offers private boardwalk access to the beach, allowing residents to enjoy Longboat Key’s serene shoreline just steps from their door. Whether indulging in the luxurious amenities, soaking in the unparalleled views or entertaining guests in your stunning corner residence, life at The Sanctuary redefines coastal elegance. Come and experience why this extraordinary residence is the ultimate address on Longboat Key.

Details

Property type

Condominium

Est. home value

$2,451,006

Lot size

Unknown

Price per sq ft

$1,133

Year built

1991

Annual property taxes

$19,987

HOA

Yes

Price History

01/06/2025
StellarMLS

StellarMLS #A4634468

Listed
$2,690,000
+154.13%
12/17/2012
StellarMLS

StellarMLS #A3944852

Sold
$1,058,500

Schools & Community

Elementary school: 

Southside Elementary

Middle school: 

Booker Middle

High school: 

Booker High

Community features: 

Gated, Clubhouse, Fitness Center, Pool, Racquetball, 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

$492,319
Asking price
$2,690,000
Closing costs (~8% of asking)
-$215,200
Est. remaining loan balance
-$1,982,481
Cash to seller
$492,319

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

Seller’s Loan History

Lender

Kind Lending Llc

Loan start date

December 2023

Original loan amount

$2,000,000

Est. remaining balance

$1,982,481

Interest rate

7.76%

Loan type

New Conventional, 30 year

Seller

Mario Hernando Paez Lancheros

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: 01/08/2025 at 1:35 AM

Listing updated: 01/07/2025 at 11:21 AM

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

MLS: StellarMLS #A4634468

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