Active
$2,100,000
Est. $14,112/mo

545 Sanctuary Dr #B305, Longboat Key, FL, 34228

$814/sqft·Sanctuary III

3 bd3 ba2,580 sqft1 car garageCondominium
Listed by MICHAEL SAUNDERS & COMPANY· Last updated · MLS# A4681142

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Est. monthly payment
$14,112/mo
Down payment (20%)
$420,000
Property taxes
$2,110/mo
Rate assumed
6.8% · 30 yr
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At a glance

High-rise condo
8 stories · 1991
Waterfront
Gulf/Ocean
Community pool
Fitness center too
1 car garage
Covered
Private balcony
Outdoor space

About this home

Ceiling Fans(s)Crown MoldingEat-in KitchenElevatorLiving Room/Dining Room ComboSolid Wood CabinetsThermostatWalk-in Closet(s)

545 Sanctuary Dr #B305 is a 1991-built home in Sanctuary III, Longboat Key. Inside you'll find 3 bedrooms, 3 bathrooms, and 2,580 square feet of living space. Listed at $2,100,000 (about $814/sqft), 217 days on market. Flood zone AE - confirm flood insurance requirements with your lender.

From the listing

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.

The essentials

Built
1991
Price / sqft
$814
On market
219 days
Annual tax
$25,314
Flood zone
AE
Type
Condominium

Location

545 Sanctuary Dr #B305
Longboat Key, FL, 34228·34228 - Longboat Key
Type
Condominium
Year Built
1991
Lot
-
Cooling
Central Air
Heating
Central, Electric
Parking
Covered, Deeded, Garage Door Opener, Guest, Basement
Waterfront
Gulf/Ocean
Days on Market
219
Ceiling Fans(s)
Crown Molding
Eat-in Kitchen
Elevator
Living Room/Dining Room Combo
Solid Wood Cabinets
Thermostat
Walk-in Closet(s)
Window Treatments
Balcony
Garden
Hurricane Shutters
Lighting
Outdoor Grill
Outdoor Shower
Private Mailbox
Sprinkler Metered
Storage
Tennis Court(s)
Association Recreation - Owned
Buyer Approval Required
Clubhouse
Deed Restrictions
Fitness Center
Gated Community - Guard
Pool
Special Community Restrictions
Built-in Oven
Cooktop
Dishwasher
Disposal
Dryer
Electric Water Heater
Exhaust Fan
Microwave
Range
Refrigerator
Washer

Elementary

Southside Elementary

Middle

Booker Middle

High

Booker High

Districts can re-zone, so verify directly with the district before relying on these.

Flood Zone AE

Annual Tax (2025)

$25,314

Parcel #

0011084010

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision

Sanctuary III

County

Sarasota

MLS Area

34228 - Longboat Key

Lot Size

-

FloodZoneIn CountyNear Golf CourseSidewalk
Date
Event
Price
7/31/2026
Price change
Source: Stellar MLS #A4681142
$2,100,000-15.8%
$814/sqft
2/4/2026
Listed for sale
Source: Stellar MLS #A4681142
$2,495,000
$967/sqft
Est. monthly payment$14,112/mo
Principal & interest$10,952
Property taxes$2,110
Insurance$1,050
Down payment20% · $420,000
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Offer Insights

Choose an offer strength

List price: $2,100,000
$1.98M – $2.10M
94.4% – 100% of listTops out right at the list price
80% of listList price
57 of the last 112 condo closings in 34228 landed at this number or higher (51%). The median one sat 88 days before it went under contract, and this one is on day 219 after a $395,000 cut.

Sample: 112 closed condo sales in 34228 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

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