For sale Condo

Listed Sep 30, 2026

$5,995,000 Est. $39,651/mo

1241 Gulf Of Mexico Drive #Ph1102

  • 3

    Beds

  • 5

    Baths

  • 3,400

    Sq ft

The story

  • Waterfront

Unit #PH1102 at 1241 Gulf Of Mexico Drive is a 3-bedroom, 5-bathroom condo in Longboat Key, FL with 3,400 sq ft of living space and 2 garage spaces, built in 1996. It is currently listed at $5,995,000. Highlights include a waterfront setting and water views.

Experience an exceptional expression of Gulf-front living in this impeccably maintained penthouse at The Water Club on Longboat Key. Occupying the coveted northwest penthouse position on the 11th floor of Building One, this pristine residence encompasses approximately 3,400 square feet with three bedrooms and four-and-a-half baths. Three separate balconies capture sweeping views of the Gulf of America, providing inviting settings for morning coffee, alfresco relaxation, and spectacular sunsets. An under-building parking space and an additional semi-private garage complement this distinguished waterfront offering. Set within 16 acres of magnificent beachfront grounds, The Water Club offers an extraordinary collection of amenities that extends the comforts of home well beyond your residence. The beautifully renovated, 18,000-square-foot clubhouse provides elegant spaces for relaxation, recreation, and entertaining, including a club room with billiards, a library with fireplace, and a ballroom with catering kitchen. Four lighted Har-Tru tennis courts, a heated junior Olympic pool, hot tub, spa, and fitness center create a resort experience, while a firepit, grills, and direct access to a beautiful stretch of beach invite you to embrace the coastal lifestyle. Gated security, concierge services, on-site management, and climate-controlled storage add everyday comfort and convenience. Ideally situated at the southern end of Longboat Key, this residence places you minutes from the boutiques and dining of St. Armands Circle, downtown Sarasota’s vibrant waterfront and cultural attractions, and an array of exceptional restaurants. Nearby conveniences include Publix and CVS, with the Longboat Key Club’s golf, tennis, and dining offerings close at hand. The neighboring St. Regis further enhances this desirable coastal setting, and Sarasota Bradenton International Airport is approximately 20 minutes away. Welcoming up to two pets, The Water Club is equally appealing as a full-time residence or a refined seasonal retreat. Discover the rare combination of penthouse privacy, generous living spaces, captivating Gulf views, and an exceptional beachfront lifestyle. Schedule your private showing today.

Facts & features

Home type

Condo

Year built

1996

Floors

11

Price per sq ft

$1,763

Parking

2-car garage

Included features

  • Cooling

    Central Air

  • Heating

    Central, Electric

  • Appliances

    Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Microwave, Refrigerator, Washer

  • Flooring

    Carpet, Ceramic Tile, Travertine

  • Roof

    Concrete, Membrane

  • Lot Information

    CoastalConstruction Control Line, Flood Zone, Landscaped, Near Golf Course, Near Marina, Near Public Transit, Sidewalk, Street Brick, Paved, Private

  • Exterior

    Balcony, Lighting, Outdoor Grill, Storage

  • Water Source

    Public

  • Sewer

    Public Sewer

  • View

    Water

Mortgage calculator

Estimated monthly payment

$39,651 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $31,908
  • Property tax $5,995
  • Insurance $1,749

Includes principal, interest, taxes & insurance.

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Listing Broker

MICHAEL SAUNDERS & COMPANY

Broker Name

MICHAEL SAUNDERS & COMPANY

Agent

Steve Walter