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Under contractPrice improved $395,000243 days on market
$2,100,000$2,495,000
545 SANCTUARY DR #B305LONGBOAT KEY, FL 34228SANCTUARY III · Condominium
3Beds
3Baths
2,580Sq ft
1-carGarage
1991Built
YesWaterfront
About this home
Under contract-accepting backup offers. 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…
Description as provided by the listing brokerage.
Highlights
- Water frontage — Gulf/Ocean
- Balcony
- Garden
- Hurricane Shutters
- Lighting
- Outdoor Grill
- Outdoor Shower
- Private Mailbox
- Sprinkler Metered
The details
StatusUnder contract
MLS #MFRA4681142
Property typeCondominium
Year built1991
Living area2,580 sq ft
Price per sq ft$814
Baths3 + 1 half
CDDNo
Taxes$25,314 (2025)
Garage1-car
Stories8
Days on market243
CountySarasota
Flood zoneAE (verify)
FurnishedFurnished
ListedJan 27, 2026
Features & property details
Interior
Full baths2
Half baths1
Rooms8
FlooringCarpet, Ceramic Tile, Marble
AppliancesBuilt-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator, Washer
Interior featuresCeiling Fans(s), Crown Molding, Eat-in Kitchen, Elevator, Living Room/Dining Room Combo, Solid Wood Cabinets, Thermostat, Walk-In Closet(s), Window Treatments
LaundryLaundry Room
FireplaceNo
CoolingCentral Air
HeatingCentral, Electric
In-law suite0
Exterior & lot
Exterior featuresBalcony, Garden, Hurricane Shutters, Lighting, Outdoor Grill, Outdoor Shower, Private Mailbox, Sprinkler Metered, Storage, Tennis Court(s)
ViewPark/Greenbelt, Pool, Water, Gulf/Ocean - Full
Lot featuresFlood Zone, In County, Near Golf Course, Sidewalk
Lot dimensions0
Other structuresTennis Court(s)
FacesEast
Road surfaceAsphalt, Paved
Construction
ConstructionConcrete
FoundationStem Wall
RoofConcrete
Living area sourcePublic Records
Building area (sq ft)3,180
Parking
GarageYes
Attached garageYes
CarportNo
Parking featuresCovered, Deeded, Garage Door Opener, Guest, Basement
Pool & water
WaterfrontGulf/Ocean
Water bodyGULF OF MEXICO
Water accessBeach - Access Deeded,Gulf/Ocean
Water viewGulf/Ocean - Full
Waterfront feet60
Community & HOA
AssociationSanctuary Office
HOA frequencyAnnually
Fee includesCable TV, Pool, Escrow Reserves Fund, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Maintenance, Management, Pest Control, Private Road, Recreational Facilities, Security, Sewer, Trash, Water
AmenitiesCable TV, Clubhouse, Elevators, Fitness Center, Gated, Lobby Key Required, Maintenance, Pool, Recreation Facilities, Tennis Court(s)
Fee requirementRequired
Approval required1
Total monthly fees$3,527.25
Total annual fees$42,327
Monthly condo fee$3,527
Condo fees$42,327
Condo fee termAnnual
Community featuresAssociation Recreation - Owned, Buyer Approval Required, Clubhouse, Deed Restrictions, Fitness Center, Gated Community - Guard, Pool, Special Community Restrictions, Tennis Court(s)
55+ communityNo
PetsYes
Pet restrictionsOne Pet Small 16-35 ib
Pet sizeSmall (16-35 Lbs.)
Max pet weight35
Number of pets1
Minimum lease3 Months
Lease restrictions1
Lease notes3 Month minimum, once per year.
SW communityNot Applicable
Building
Building#3
UnitB305
Floor3
Elevator1
Utilities & efficiency
UtilitiesBB/HS Internet Available, Cable Connected, Electricity Connected, Public, Underground Utilities, Water Connected
SewerPublic Sewer
Water sourcePublic
Financial & terms
CDD0
Tax year2,025
Homestead0
OwnershipCondominium
Special conditionsNone
ZoningMUC2
OccupantVacant
MLS area34228 - Longboat Key
Where it sits
Approximate location shown. Exact address available on request per listing brokerage.
Schools
ElementarySouthside ElementarySarasota County
MiddleBooker MiddleSarasota County
HighBooker HighSarasota County
School assignments change; verify with the district before relying on them.
More like this
Stellar MLSMLS# MFRA4681142Listing courtesy of MICHAEL SAUNDERS & COMPANYLast updated Oct 12, 2026, 8:54 AM