$2,100,000
545 Sanctuary Drive
Longboat Key, FL 34228
Listing updated: August 28, 2026 at 4:40 PM ET
Listing courtesy of Michael Saunders & Company · Maruta Miluns · MLS #A4681142 · Active · 941-383-7591Property type
Year built
Price / sq ft
HOA dues
Days on market
Garage space
Flood zone
About this home
NEWLY PRICED AT $2,100,000 ! Just reduced by $295,000 from the original asking price, this substantial savings willallow buyers an opportunity and an added incentive to create their own Beach Front Dream Home. Behind the gates of the Longboat Key Club, The Sanctuary is one of Longboat Key Island's most coveted beachfront addresses. This spacious and elegant vacation home at 545 Sanctuary Drive Building III B305 offers spectacular, full on, panoramic Gulf of Mexico waterfront views by day and stunning sunsets by night. You will enjoy these views from the spacious living room, the 21 foot long covered terrace and from the serene primary suite plus the soothing sounds of the surf, you are that close to the sea! The spacious primary bedroom suite is a private retreat featuring generous walk-in closet space and a spa-inspired ensuite bath with dual vanities, a soaking tub & a walk-in shower. This unique Carlyle floor plan also includes a second east facing terrace accessible from the charming second guest bedroom, the third bedroom and kitchen. This third floor beach retreat features three bedrooms and 2 full baths & one half bath with over 3,000 square feet of total living area. The kitchen offers light wood cabinetry, double ovens, granite countertop and a tile backsplash. Offering high quality furnishings, this lovely home is being sold turnkey. There are electric storm shutters on all sliding doors, one under building garage space and a climate controlled storage cage. Residents of The Sanctuary enjoy an exclusive resort lifestyle with 1,200 feet of pristine beachfront, a heated Olympic size pool with a 25 meter lap lane, outdoor whirlpool, fire pit lounge, lighted Har-Tru tennis courts & a state of the art fitness center with saunas. The updated clubhouse features a fully equipped kitchen & an entertainment room plus on -site management, 24 hour security gate & 18 acres of meticulously maintained tropical grounds. Optional membership to the nearby private Longboat Key Club allows access to superior golf courses, five private restaurants, a wellness center & spa, tennis garden & pickleball courts, a deep water marina & private beach club.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history205 days on market
- Status: ActiveFeb 4, 2026
- Listed$2,495,000Feb 4, 2026
- Price reduced$2,100,000
Facts & features
- Property type
- Residential
- Sub type
- Condominium
- Status
- Active
- Days on market
- 205
- Subdivision
- Sanctuary Iii
- County
- Sarasota
- Year built
- 1991
- Living area
- 2,580 sq ft
- Price/sq ft
- $814
- Building area
- 3,180 sq ft (Public Records)
- Lot size
- 0 sq ft
- Lot category
- Non-Applicable
- Flood zone
- AE
- Garage
- 1 spaces
- Annual taxes
- $25,314 (2025)
- Parcel #
- 0011084010
- Zoning
- MUC2
- MLS #
- A4681142
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Interior Details
- Bedrooms
- 3
- Full bathrooms
- 2
- Half bathrooms
- 1
- Flooring
- Carpet, Ceramic Tile, Marble
- Appliances
- Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator, Washer
- Interior features
- Ceiling Fans(s), Crown Molding, Eat-in Kitchen, Elevator, Living Room/Dining Room Combo, Solid Wood Cabinets, Thermostat, Walk-In Closet(s), Window Treatments
- Laundry
- Laundry Room
- Stories / Levels
- One
- Direction faces
- East
Heating & Cooling
- Heating
- Central, Electric
- Cooling
- Central Air
Parking
- Garage spaces
- 1
- Attached garage
- Yes
- Parking features
- Covered, Deeded, Garage Door Opener, Guest, Basement
HOA & Financial
- Total monthly fees
- $3,527/mo
- Total annual fees
- $42,327
- HOA name
- Sanctuary Office
- CDD
- No
- Min lease term
- 3 Months
- Ownership
- Condominium
- Available for lease
- Yes
- Lease restrictions
- Yes
- Additional lease restrictions
- 3 Month minimum, once per year.
- Approval process
- Association
Exterior & Construction
- Exterior features
- Balcony, Garden, Hurricane Shutters, Lighting, Outdoor Grill, Outdoor Shower, Private Mailbox, Sprinkler Metered, Storage, Tennis Court(s)
- Construction materials
- Concrete
- Roof
- Concrete
- Foundation
- Stem Wall
- Waterfront
- Yes
- Water access
- Yes
- Water view
- Yes
- Road surface
- Asphalt, Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Underground Utilities, Water Connected
Community
- Pets allowed
- Yes
Schools
Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Primary Bedroom | First | 18x15 |
| Great Room | First | 34x22 |
| Dining Room | First | 12x9 |
| Kitchen | First | 29x12 |
| Bathroom 1 | First | |
| Bedroom 2 | First | 16x12 |
| Bedroom 3 | First | 19x12 |
| Balcony/Porch/Lanai | First | 21x10 |
Listing Details
- Listing date
- 2026-01-28
- On market date
- 2026-02-04
- Original list price
- $2,495,000
- Occupant type
- Vacant
- MLS area
- 34228 - Longboat Key
- Listing AOR
- Sarasota - Manatee
- Status changed
- 2026-02-04
- Tax legal description
- UNIT B-305 SANCTUARY 3 AT LONGBOAT KEY CLUB
Flood risk
FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
From Sarasota, head north on Gulf of Mexico Drive, left on Longboat Key Club Road through the guard gate. The Sanctuary Condominium is on the left after the Pierre Building. Take a left through the Sanctuary guard gate & Building 545 is the first building on your right. Public parking by the tennis courts to the left of 545 Building 3.
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Based on information submitted to the MLS GRID as of August 28, 2026 at 4:40 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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