3240 Gulf OF Mexico Dr Unit B504, Longboat Key, FL 34228
About this home
Welcome to Portobello, a Gulf to Bay community on mid Longboat Key where residents enjoy their own private beach access just across the street and a bayside dock right outside the door. This beautifully remodeled, turnkey furnished fifth floor condo overlooks the quiet waters of Cranes Bayou, positioned to catch soft morning light while the terrace stays comfortably shaded through the afternoon. Inside, the open floor plan is filled with natural light and finished with new laminate wood flooring, crown molding, plantation shutters, and new light fixtures throughout. The updated kitchen offers stainless steel appliances, custom white cabinetry with crown molding, under cabinet lighting, and a breakfast bar that opens to the dining area. The split bedroom layout is ideal for hosting guests. The oversized primary suite features its own water views, space for a king sized bed, an oversized walk in closet, and an en suite bath with a smart split sink and shower design, while the equally spacious second bedroom sits beside a fully updated second bath. A sleeper sofa in the living room allows the condo to comfortably sleep six, and an in unit washer and dryer adds everyday convenience. The full length screened terrace spans the entire width of the unit and is accessible through new impact sliding doors from the living room and both bedrooms, so the water view follows you from room to room. Portobello's amenities complete the picture. Residents enjoy a heated pool with tennis courts, a fully renovated recreation room, kayak and canoe storage with a launch area, and a dock and walkway for fishing or docking your boat for up to two days. A bayside picnic area with a gas grill and umbrella tables sits near the kayak launch, perfect for sunset cookouts by the water. Just across the street, Portobello's private beach access puts the Gulf and its sugar sand shoreline a short stroll from your door, complete with a beach shower for rinsing off after a day in the sand. Each unit has its own extra ground floor storage locker, and the freshly painted, recently inspected building is centered on a lush tropical courtyard with a fountain, surrounded by beautifully landscaped grounds with paver parking. Condominium fees include water, sewer, trash, and basic cable. You are also just moments from everyday shopping and convenience at the Shoppes of Bay Isles, home to a Publix, CVS, and more, all without ever leaving the island, while St. Armands Circle and downtown Sarasota are an easy drive down the Key. With upgraded windows and doors, furnishings, appliances, and modern baths already in place, this is a Longboat Key retreat ready to enjoy from the very first day. Come experience it for yourself. * * THIS PROPERTY QUALIFIES FOR A 1% LENDER INCENTIVE IF USING PREFERRED LENDER. INQUIRE FOR MORE DETAILS. * *
Longboat Shores, located between the Gulf of Mexico and Sarasota Bay, is a coastal and residential Longboat Key neighborhood with canal-front streets and deeded beach access. The neighborhood’s character concentrates around Gulf of Mexico Drive near Bay Isles Road, where low-key plazas, marinas, and bike traffic set an unhurried rhythm. Architecture leans to mid-century Florida ranch homes and updated waterfront residences with private docks. Longboat Key Club Moorings Marina and the Longboat Key Club anchor the boating-and-tennis lifestyle. Nearby, St. Armands Circle adds galleries and independent dining for an evening loop. Joan M. Durante Park brings mangroves, boardwalks, and shaded paths into the weekly routine.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Ceiling fans
Crown molding
Open floorplan with living/dining combo
Split bedroom floorplan
Stone counters
Programmable thermostat
Walk-in closets
Window treatments
Elevator access in building
Bedrooms
2 bedrooms
Bathrooms
2 full bathrooms
Kitchen
Dishwasher
Microwave
Range
Refrigerator
Stone countertops
Laundry & utility
Washer and dryer included
Inside laundry in a laundry closet
Flooring
Laminate flooring
Tile flooring
Heating & cooling
Central heating (electric)
Central air conditioning
Exterior features
Balcony
Screened patio
Patio
Outdoor lighting
Sliding doors
Exterior storage
Mature landscaping
City limits location with paved roads and sidewalks
On waterfront with water views (bay/harbor, bayou, Intracoastal Waterway)
Water access (bay/harbor, bayou, deeded beach access, gulf/ocean to bay, Intracoastal Waterway)
Home design
Condominium
One-level unit located on 5th floor
Building faces southwest
Stilt/on piling foundation
Parking
Assigned parking
Guest parking
Security
Smoke detectors
Construction
Concrete and stucco construction
Built-up roof
Building name: BLDG B PORTOBELLO
Total stories in building: 5
Utilities
Public water
Public sewer
Cable available
High-speed internet available
Electricity available
HOA & community
HOA managed by Lighthouse Prop Mgmt (David Novak)
Quarterly condo fee of $4,875 (monthly equivalent $1,625)
Association amenities include clubhouse, pool, tennis courts, pickleball courts, maintenance, and management
Association fees cover cable TV, internet, pool, common area taxes, insurance, maintenance (structure & grounds), management, pest control, sewer, trash, water, and escrow reserves
Buyer/association approval required
No pets allowed
Financial info
Total annual fees reported at $19,500
Other
Lease restrictions apply
Electricity and solar
View estimated energy costs and solar savings for this home
Sale and tax history for 3240 Gulf OF Mexico Dr Unit B504
Sale History
Tax History
Date
Event
Price
Stellar MLS as Distributed by MLS Grid #A4702237
Aug 26, 2026
Price Changed
$689,000
$547/sq ft
Aug 13, 2026
Listed
$700,000
$556/sq ft
APPFOLIO #1
Aug 18, 2026
Rental Removed
$6,500
$5/sq ft
Feb 18, 2026
Listed for Rent
$6,500
$5/sq ft
STELLARMLS #A4682823
Feb 17, 2026
Rental Removed
$6,500
$5/sq ft
Feb 17, 2026
Listed for Rent
$6,500
$5/sq ft
Stellar MLS as Distributed by MLS Grid #A4634033
Jul 28, 2025
Listing Removed
—
Mar 7, 2025
Price Changed
*
Dec 17, 2024
Listed
*
Stellar MLS as Distributed by MLS Grid #A4581507
Jul 29, 2024
Listing Removed
—
Apr 25, 2024
Price Changed
*
Jan 7, 2024
Price Changed
*
Sep 2, 2023
Listed
*
Stellar MLS as Distributed by MLS Grid #A4512422
Oct 26, 2021
Sold
$565,000
$448/sq ft
Oct 2, 2021
Pending
—
Sep 21, 2021
Listed
$619,000
$491/sq ft
Stellar MLS as Distributed by MLS Grid #A4435676
Jun 30, 2020
Listing Removed
—
May 9, 2019
Listed
*
Public Records
Apr 5, 2005
Sold
$530,000
$421/sq ft
Stellar MLS as Distributed by MLS Grid #A271324
Feb 8, 2005
Listed
*
Year
Property tax
Land + Additions
Assessment*
2025
$8,079
$608,300
2024
$8,084 (+13.3%)
2023
$7,136 (+19.1%)
2022
$5,990 (+42.7%)
$433,900
2021
$4,197 (+12.0%)
2020
$3,747 (−19.6%)
$246,800
2019
$4,662 (−3.3%)
$314,100
2018
$4,822 (+6.7%)
2017
$4,520 (+7.5%)
$315,800
2016
$4,204 (+10.6%)
$287,400
2015
$3,802 (+17.1%)
2014
$3,246 (−8.9%)
2013
$3,563 (+6.8%)
2012
$3,336
Public record
Public record
Zoning
Beds
2
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
—
Year renovated
2005
Finished Sq. Ft.
1,260
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,260
Year built
1975
Style
Condo/Co-op
County
Sarasota County
APN
0005021059
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 11, 2026.
R-4MX
Medium-Density Mixed Residential District
The purpose of this district is to delineate those areas suitable for mixed residential development of a medium-density character together with the associated accessory uses.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Multiple units
Fire house
Police station
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
10/10 Heat Factor
7 days above 106° expected this year, 30 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Longboat Key, FL • 34228
Average low and high temperatures (°F)
68
52
70
58
76
63
80
68
85
75
88
78
89
79
89
79
89
78
84
71
79
64
74
59
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
97/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 8% for direct sun exposure in the zip code. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.4 hrs
6.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 3240 Gulf OF Mexico Dr Unit B504
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $315,000 and $910,000.
Nearby comparable homes
The Redfin Estimate uses 5 recent nearby sales, priced between $315K to $910K.