IDX

Listed by Roger Pettingell · Courtesy of COLDWELL BANKER REALTY · Agent MLS ID# MFR281501547 · Deemed reliable but not guaranteed. · Listing updated: Oct 3, 2026 · 10:48 AM

340 GULF OF MEXICO DR #136

Longboat Key, Sarasota, FL, 34228

Active

$2,995,000

$1040/sqft

3Beds
4Baths
2,880Sq Ft
1991Built
1Days on Market

About this home

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.

Facts & Features

MFRA4707766
$2,995,000
Active
3
4
3
1
2,880 sqft
10.9500
1991
Residential
Condominium
Mediterranean, Elevated, Custom

Community Information

340 GULF OF MEXICO DR #136
Tangerine Bay Club
Longboat Key
Sarasota
FL
34228
No

Amenities

Clubhouse, Pool, Tennis Court(s), Fitness Center, Recreation Facilities, Gated, Spa/Hot Tub, Maintenance, Vehicle Restrictions, Storage, Elevators
N/A
No
Yes
No

Interior

High Ceilings, Open Floorplan, Split Bedroom, Vaulted Ceiling(s), Walk-In Closet(s), Eat-in Kitchen, Solid Wood Cabinets, Cathedral Ceiling(s), Living Room/Dining Room Combo, Stone Counters, Window Treatments, Solid Surface Counters, Built-in Features, Primary Bedroom Main Floor
Central, Electric, Heat Pump, Zoned
Central Air, Zoned
Wood
Living Room, Gas
4
Built-In Oven, Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Refrigerator, Washer, Range, Convection Oven, Range Hood, Bar Fridge, Wine Refrigerator, Tankless Water Heater

Exterior

Storage, Tennis Court(s), Lighting, Sidewalk, Balcony, Courtyard, Hurricane Shutters
Block, Stucco
Stilt/On Piling
Tile
N/A
In County, Landscaped, Oversized Lot, Near Golf Course, Sidewalk, Private, FloodZone, Near Marina, Flood Insurance Required

School Information

N/A
N/A
N/A

Additional Information

October 2, 2026
1
MUC2
West
No

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This calculator provides estimates for informational purposes only and is not a loan offer, pre-approval, or commitment to lend. Actual rates, payments, and loan terms vary by lender and are subject to credit approval, income/asset verification, and market conditions. Property tax and homeowners insurance shown are estimates and may differ. PMI applies when the down payment is under 20%. For an official Loan Estimate, contact a licensed mortgage lender. COLDWELL BANKER REALTY is a licensed real estate brokerage, not a mortgage lender. Equal Housing Opportunity.

1 day on market

Listing updated: Oct 3, 2026 · 10:48 AM

Listed by: Roger Pettingell · 941-586-6668—COLDWELL BANKER REALTY · 941-383-6411

Updated from Real Estate Market Data

Location

Ahmed ElbatrawyAhmed ElbatrawyEmpire Network Realty

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