INNOVATE Real Estate
Condominium at 1241 GULF OF MEXICO DR #111, LONGBOAT KEY
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$950,000

1241 GULF OF MEXICO DR #111
LONGBOAT KEY, FL 34228
Listed by Reid Murphy · DEVELOPERS REALTY LBK, INC
Bedrooms
1
Bathrooms
2
Living area
940 sqft
Year built
1996

About this home

This unique plaza level Water Club residence offers you the convenience of stepping out to the exceptional Water Club amenities and lush grounds that lead to the sandy beach and azure waters of the Gulf of Mexico without the use of an elevator. This spacious 1 bedroom special residence features high 10 foot ceilings and the openness is enhanced by the floor to ceiling windows that captivate the tropical Florida landscaping. This home feels and lives like a beach house and sliding glass doors opening to the terrace complement this feeling by extending the living space to the outdoors and the serene setting. The indoor space is open and flows seamlessly from the living room area to kitchen space which also has a separate eating area open to the balcony and outdoors. The kitchen has granite countertops and high end cabinets and is designed to accommodate the joys of cooking. The floor plan offers privacy for the spacious master suite with a private terrace, elegant master bath and walk-in closet with a dressing area. There is also generous storage area in the condo. The Water Club is a premier Gulf front condominium with exceptional amenities and services. The designer decorated Club House features a professionally equipped gym and his and her spa areas, wine storage, billiard room, library, sunset bar plus a grand ballroom for special and formal occasions and gourmet catering kitchen. When not enjoying the beach, there is a heated elevated beautiful pool and hot tub with plenty of seating plus 4 Har-tru tennis courts. This condo location can also be used as a guest suite to be enjoyed by family and guests. The Water Club is conveniently located just minutes from award winning restaurants, Publix and CVS, St. Armands Circle, downtown Sarasota plus the Longboat Key Club for golf, tennis and restaurants is also nearby.

Highlights

WaterfrontPrivate pool

Property details

MLS
Stellar MLS
MLS #
MFRA4684166
Property type
Condominium
Subdivision
WATER CLUB 01 AT LONGBOAT KEY
Status
Active
Days on market
196
On market date
February 27, 2026
Stories
N/A
Total bathrooms
2
Garage spaces
1
Parking spaces
N/A
Lot size
2.11 acres

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
BAY HAVEN SCHOOL OF BASICS PLUS
3.58 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
587
Student:teacher ratio
14.7:1
District
SARASOTA
MiddleCharter
SARASOTA SCHOOL OF ARTS/SCIENCES
4.05 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
752
Student:teacher ratio
18.8:1
District
SARASOTA
HighCharter
SARASOTA MILITARY ACADEMY
4.27 mi away · Grades 6-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,251
Student:teacher ratio
13.9:1
District
SARASOTA

Walkability

Blended score for LONGBOAT KEY's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

48
Somewhat walkable
out of 100
EPA National Walkability Index
12.3 / 20 -- Above average walkable
Google Places amenity density
28 / 100
Restaurants & cafes5
Grocery stores0
Parks1
Schools0
Transit stops3
Pharmacies0

Market position

How this listing compares to current activity in LONGBOAT KEY, from live MLS data.

On the market 196 days -- 66 fewer days than LONGBOAT KEY's current average of 262 days.
For reference, the median list price across 527 active listings in LONGBOAT KEY right now is $623,000.

Mortgage calculator

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Est. monthly payment
$5,871/mo
$190,000 down
$760,000 loan
Principal & interest$4,929
Property tax (est.)$792
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated September 11, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.