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2944 Gulf Of Mexico Dr, Longboat Key, FL, 34228

5beds
6baths
4,826sqft
$5,299,000
$1,098price/sqft
$37,895/moest. monthly cost
$1,515,800/yrincome needed

About This Home

Under Construction. Poised along one of Longboat Key’s most coveted stretches, this new semi-custom estate by Mason Martin Builders delivers sophisticated coastal living with rare peace of mind. Each level is designed to capture sweeping Gulf views without the exposure of direct beachfront placement, creating a residence that feels both refined and protected. It is your private sanctuary by the sea. Currently under construction and scheduled for completion in 2026, this architectural showcase spans approximately 10,300 total square feet with 4,900 square feet under air. Mason Martin’s craftsmanship is evident throughout, with modern tropical lines, exotic landscaping, and refined stonework that blend seamlessly into the surroundings. Inside, the home is curated for luxury living and effortless entertaining. The main floor features a chef’s kitchen anchored by natural gas and equipped with high-end Wolf and Sub-Zero appliances. An oversized island, full butler’s pantry, and adjoining bar flow into the spacious living and dining areas. Floor-to-ceiling glass opens to generous terraces overlooking the lap pool, creating a beautiful blend of indoor and outdoor living. An elevator services all living levels. The residence offers five bedrooms, five full bathrooms, and a powder room. The primary suite is a serene retreat with a private bar, a Gulf-facing terrace, and a spa-inspired bath. Guest suites provide their own refined comforts, and two full laundry rooms on separate floors enhance everyday convenience. The ground level includes a four-car garage and a large flex space envisioned as a wellness sanctuary. Plumbing and power are prepared for a cold plunge, sauna, and gym. Outdoors, the property lives like a private resort with a long lap pool framed by shaded lounging areas, outdoor dining space, and lush privacy plantings. The one thousand square foot rooftop deck serves as the pinnacle of the home with an outdoor kitchen and panoramic sunset views over the Gulf. Construction details further elevate this residence with extensive use of Ipe hardwood providing warmth, longevity, and natural resilience. Every detail has been planned to create a home of lasting beauty, modern comfort, and architectural significance. This is a rare opportunity to secure a semi-custom Gulf-view estate on Longboat Key before it becomes the next headline sale.

Getting Around

33
WalkingCar-Dependent
0
TransitVery Limited Transit
48
BikeSomewhat Bikeable

Schools

10/10
5/10
Booker Middle SchoolGrades 6-86.4 mi
3/10
Booker High SchoolGrades 9-125.4 mi

Construction

Condition

  • Property condition: Under Construction
  • New construction: Yes
  • Year built: 2026

Materials

  • Foundation: Concrete Perimeter
  • Roof: Built-Up
  • Construction materials: Concrete

Other

  • Builder model: Semi-Custom
  • Builder name: Mason Martin Builders

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Microwave,Range,Refrigerator
  • Laundry features: Laundry Room

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 6
  • Full bathrooms: 5
  • 1/2 bathrooms: 1

Features

  • Ceiling Fan(s),High Ceilings,Open Floorplan,PrimaryBedroom Upstairs,Split Bedroom,Stone Counters,Walk-In Closet(s)
  • Door features: Outdoor Grill,Outdoor Kitchen,Sliding Doors
  • Window features: Hurricane Shutters/Windows
  • Flooring: Engineered Hardwood

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 10,369
  • Total interior livable area: 4,826 sqft

Kitchen

  • Level: Second

Living Room

  • Level: Second

Primary Bedroom

  • Features: Walk-In Closet(s)
  • Level: Third

Property

Details

  • Parcel number: 0005160017
  • Zoning: R4MX
  • Special condition: None

Features

  • Levels: Three Or More
  • Stories: 3
  • Private pool: Yes
  • Pool features: Heated
  • Patio & porch: Deck,Patio
  • Exterior features: Balcony,Outdoor Grill,Outdoor Kitchen
  • Has view: Yes
  • View description: Water
  • Water view: Water

Lot

  • Lot size: 0.30 Acres

Parking

  • Total spaces: 4
  • Parking features: Driveway,Ground Level
  • Has garage: Yes
  • Attached garage spaces: 4
  • Covered spaces: 4
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingVery High
  • Hurricane
    HurricaneVery High
  • Lightning
    LightningRelatively High
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Hurricane
Lightning
Tornado
Tsunami

FEMA Declared Disasters in Sarasota County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $26,794$321,528
Home Insurance *$4,492$53,904
Property Taxes $6,124$73,488
Electricity $485$5,828
Total$37,895$454,740
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$1,299,257/yr
40% on housing$1,136,850/yr
45% on housing$1,010,533/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 15.0%
15.0%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 6.6%
6.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,098This listing

vs Other Active Listings

Avg $/sqft

ZIP 34228$724
Sarasota County$345

vs Homes Sold Last Month

Median $/sqft

ZIP 34228$667
Sarasota County$245

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2025-11-22Listed for sale$5,299,000
2025-09-26Sold$1,150,000
2025-07-28Pending sale$1,550,000
2025-07-23Price change$1,550,000
2025-06-09Price change$1,700,000
2025-05-14Listed for sale$1,950,000
2020-09-15Sold$700,000
2020-06-17Pending sale$750,000
2019-10-10Price change$750,000
2018-12-28Listed for sale$400,000
2018-08-21Listing removed$750,000
2017-09-06Listed for sale$750,000
2016-10-07Listing removed$750,000
2015-06-08Listed for sale$750,000
2015-03-26Listing removed$1,200,000
2014-12-21Price change$1,200,000
2014-05-22Listed for sale$1,500,000

New Construction

AgentKaisen Mitchell
BrokerageCOLDWELL BANKER REALTY

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