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$2,995,000
New Listing

340 GULF OF MEXICO DRIVE 136
LONGBOAT KEY, FL 34228

For Sale|Condominium|Active
3
Beds
4
Total Baths
3
Full Baths
1
Partial Bath
2,880
SqFt
$1,040
/SqFt
1991
Built
Subdivision:
TANGERINE BAY CLUB
County:
Sarasota

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340 GULF OF MEXICO DRIVE 136340 GULF OF MEXICO DRIVE 136340 GULF OF MEXICO DRIVE 136340 GULF OF MEXICO DRIVE 136
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Rarely available and distinctly different from traditional condominium living, this two-level penthouse at Tangerine Bay Club pairs nearly 3,000 square feet of beautifully reimagined interiors with sweeping bay views and the privacy of a single-family home. Positioned on a coveted south-facing corner, Residence #136 captures an extraordinary panorama encompassing the bay, downtown Sarasota skyline and protected mangrove preserves. Two generous terraces, a private courtyard entry and a private two-car garage further distinguish this exceptional residence. Inside, the renovation strikes a sophisticated balance between coastal ease and thoughtful design. Soaring vaulted ceilings amplify the natural light, while expansive walls of glass keep bay vistas at the forefront of the main living spaces. A gas fireplace and custom entertainment wall create a dramatic focal point, and direct access to the terraces extends everyday living and entertaining outdoors. Impact-rated Andersen windows, motorized storm shutters, custom LED lighting and California Closets add another layer of comfort and functionality. At the heart of the main level, the gourmet kitchen was designed as much for entertaining as for the serious home chef. Honed marble countertops complement a substantial leathered-stone island and custom cabinetry. A remarkable collection of appliances and culinary features includes a La Cornue dual-fuel range with French plate, Flamberge rotisserie oven, galley sink, wine cooler and Sub-Zero beverage drawers. An adjoining breakfast area provides a relaxed place to begin the day, while the formal dining area accommodates larger gatherings against the backdrop of the residence’s open living spaces. Privately positioned, the primary suite is a serene retreat with direct terrace access, custom closets and a beautifully appointed spa-inspired bath. Quartz surfaces, dual vanities, a freestanding soaking tub and expansive walk-in steam shower create a luxurious setting. Also on the main level, the second bedroom is currently arranged as a den with a nearby full bath, providing flexibility for guests, an office or additional living space. Upstairs, the home reveals another dimension: a lofted lounge with custom built-ins overlooks the living areas below, while a private third en-suite bedroom creates an ideal retreat for visiting family and friends. The separation between levels allows the residence to live comfortably whether hosting a full house or enjoying it as a private island escape. Outdoor living is equally compelling. Two terraces capitalize on the penthouse’s south-facing orientation and elevated perspective. Combined with the private courtyard entrance and two-car garage, these spaces reinforce the feeling of a home. Tangerine Bay Club is one of Longboat Key’s distinctive resort-style communities, recognized for its lush mature landscaping and exceptional location at the southern end of the island. Residents enjoy a 25-meter heated pool and spa set on a private island, tennis and pickleball, fitness, kayak launch, walking paths and a day dock available on a first-come basis. Adding to the community’s appeal, Tangerine Bay Club successfully completed its milestone inspection without requiring repairs, maintains healthy reserves and, at this time, has no special assessments anticipated. Optional membership to the Bay Isles Beach Club provides access to a private beach, adding another dimension to the Longboat Key lifestyle.

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Listing Snapshot
Price 
$2,995,000
Days On Site 
0 Days
Bedrooms 
3
Inside Area (SqFt) 
2,880 sqft
Total Baths 
4
Full Baths 
3
Partial Baths 
1
Lot Size 
10.95 Acres
Year Built 
1991
MLS® Number 
A4707766
Status 
Active
Property Tax 
$22,280
HOA/Condo/Coop Fees 
$9,300
Sq Ft Source 
Builder
Friends & Family
Recent Activity
12 minutes agoListing updated with changes from the MLS®
2 hours agoListing first seen on site
General Features
Acres 
10.95
Attached Garage 
Yes
Direction Faces 
West
Garage 
Yes
Garage Spaces 
2
Levels 
Two
Number Of Stories 
4
Parking 
DeededGarage Door OpenerGuestBasementAttached
Pets 
Number LimitSize LimitYes
Property Sub Type 
Condominium
Security 
Fire Sprinkler SystemGated CommunitySecured Garage/ParkingSecurity GateSmoke Detector(s)
Sewer 
Public Sewer
SqFt Total 
3810
Style 
CustomElevatedMediterranean
Utilities 
Natural Gas AvailableCable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedUnderground UtilitiesWater Connected
Water Source 
Public
Zoning 
MUC2
Interior Features
Appliances 
Bar FridgeConvection OvenDishwasherDisposalDryerIce MakerMicrowaveRangeRange HoodRefrigeratorTankless Water HeaterWasherWine Refrigerator
Cooling 
Central AirZoned
Fireplace 
Yes
Fireplace Features 
GasLiving Room
Flooring 
Wood
Furnished 
Unfurnished
Heating 
CentralElectricHeat PumpZoned
Interior 
ElevatorBuilt-in FeaturesCathedral Ceiling(s)Eat-in KitchenHigh CeilingsOpen FloorplanStone CountersVaulted Ceiling(s)Walk-In Closet(s)
Laundry Features 
InsideLaundry Room
Spa 
Yes
Window Features 
Window CoveringsSkylight(s)Storm Window(s)Window TreatmentsWood Frames
Bedroom 2 
Dimensions - 13x13Level - First
Bedroom 3 
Dimensions - 14x17Level - SecondFeatures - Stone Counters
Dinette 
Dimensions - 10x9Level - First
Dining Room 
Dimensions - 15x17Level - First
Kitchen 
Dimensions - 16x17Level - FirstFeatures - Breakfast Bar, Kitchen Island, Stone Counters
Living Room 
Dimensions - 24x17Level - First
Loft 
Dimensions - 19x9Level - Second
Master Bathroom 
Level - FirstFeatures - Bidet, Double Vanity, Stone Counters
Master Bedroom 
Dimensions - 18x15Level - First
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Exterior Features
Construction Details 
BlockStucco
Exterior 
BalconyCourtyardLightingStorageTennis Court(s)
Lot Features 
LandscapedNear Golf CoursePrivateWaterfront
Other Structures 
CabanaStorageTennis Court(s)
Patio And Porch 
DeckPatio
Pool Features 
GuniteHeatedIn Ground
Roof 
Tile
Spa 
Yes
Spa Features 
HeatedIn Ground
View 
WaterCity
Waterfront 
Yes
Waterfront Features 
Beach Access
Waterview 
WaterCity
Windows/Doors 
Window CoveringsSkylight(s)Storm Window(s)Window TreatmentsWood Frames
Community Features
Association Amenities 
ClubhouseElevator(s)Fitness CenterGatedMaintenancePoolRecreation FacilitiesSpa/Hot TubStorageTennis Court(s)
Community Features 
GatedClubhouseFitness CenterPoolSidewalksTennis Court(s)
MLS Area 
34228 - Longboat Key
Township 
36
Roads 
Paved
Listing courtesy of COLDWELL BANKER REALTY (941) 586-6668



Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2026, Stellar MLS.
Last checked: 2026-10-02 06:26 PM EDT

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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