3240 Gulf Of Mexico Drive, FL
Stellar MLS

$450,000

3240 Gulf Of Mexico Drive

Longboat Key, FL 34228

Active
2
Beds
2
Baths
1,260
Sq Ft
0
Acres
1975
Built
Water view$357/sqft
Condominium

Property type

1975

Year built

$357

Price / sq ft

No HOA

HOA dues

56

Days on market

AE

Flood zone

About this home

Experience tranquil island living in this beautifully maintained first-floor residence at Portobello, offering private, serene views of expansive grounds, lush mangroves, and the bay. With your beach, shimmering Gulf waters, and breathtaking sunsets just across the street, this is the perfect coastal retreat. Designed with a desirable split floor plan, the home is filled with natural light from sliding glass doors that span the width of the residence. The large screened-in lanai is accessible from the living area and both bedrooms—seamlessly blending indoor and outdoor living while overlooking a generous grassy yard space and peaceful bayou, perfect for canoeing and kayaking right from your backyard. The kitchen features granite countertops and stainless steel appliances. Offered turn-key and fully furnished, this residence is move-in ready and ideal for seasonal or full-time living. Portobello is a sought-after Beach-to-Bay community ideally located mid-Key, offering an exceptional array of amenities including 600 feet of private beach frontage and 260 feet along the bay. Residents enjoy a heated community pool, tennis courts, clubhouse, BBQ and picnic areas, fishing pier, and kayak launch. Just minutes from the world-class shopping and dining of St. Armands Circle and everything Sarasota has to offer, this exceptional residence invites you to experience the pinnacle of Longboat Key living—where every day feels like a vacation.

Estimated monthly payment

Principal & interest$2,275
Property taxes$378
Home insurance (est.)$206

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 history56 days on market

  1. Status: Active
    Apr 10, 2026
  2. Listed$495,000
    Apr 10, 2026
  3. Price reduced$450,000

Virtual Tour

Facts & features

Property type
Residential
Sub type
Condominium
Status
Active
Days on market
56
Subdivision
Portobello
County
Sarasota
Year built
1975
Living area
1,260 sq ft
Price/sq ft
$357
Building area
1,434 sq ft (Public Records)
Lot size
0 sq ft
Flood zone
AE (12115C0019G)
Annual taxes
$4,538 (2025)
Parcel #
0005021033
Zoning
R4MX
MLS #
A4688243

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Interior Details

Bedrooms
2
Full bathrooms
2
Flooring
Carpet, Tile
Appliances
Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Interior features
Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, Primary Bedroom Main Floor, Split Bedroom
Laundry
Laundry Closet
Stories / Levels
One
Direction faces
Southeast

Heating & Cooling

Heating
Electric
Cooling
Central Air

HOA & Financial

Total monthly fees
$1,625/mo
Total annual fees
$19,500
HOA name
Longboat Private Services / David Novak
CDD
No
Min lease term
1 Month
Listing terms
Cash, Conventional, FHA, VA Loan
Ownership
Condominium
Available for lease
Yes
Lease restrictions
Yes
Additional lease restrictions
Lease application and background check must be approved prior to lease start date. All community information must be verified by the buyer.
Approval process
$150 Application Fee. All community information must be verified by the buyer.

Exterior & Construction

Exterior features
Sliding Doors
Construction materials
Concrete
Roof
Built-Up
Foundation
Stilt/On Piling
Water view
Yes
Road surface
Asphalt

Utilities

Sewer
Public Sewer
Water source
Public
Utilities
Electricity Connected, Water Connected

Community

Pets allowed
No

Room Details

RoomLevelDimensions
KitchenFirst8x10
Living RoomFirst14x21
Dining RoomFirst14x10
Balcony/Porch/LanaiFirst29x5
Primary BedroomFirst13x20
Primary BathroomFirst5x10
Bedroom 2First14x18
Bathroom 2First5x10

Listing Details

Listing date
2026-04-09
On market date
2026-04-10
Original list price
$495,000
Occupant type
Owner
MLS area
34228 - Longboat Key
Listing AOR
Sarasota - Manatee
Status changed
2026-04-10
Tax legal description
UNIT B104 BLDG B PORTOBELLO

Flood risk

High riskFEMA Zone AEPanel 12115C0019G

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 I75 take Fruitville Rd. West. At the circle take Rte 41 south. At the next circle take a right on John Ringling Causway. At the circle in St. Armands take a right on N. Blvd of the Presidents which becomes Gulf of Mexico Dr. Community in on the right.

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MLS GRID

Listings courtesy of Stellar MLS as distributed by MLS GRID

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the MLS GRID as of June 5, 2026 at 3:45 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.

Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA