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$1,199,000

Beds
2
Baths
2.0
sq ft
1,392

1095 Gulf Of Mexico Dr Unit 502, Longboat Key, FL 34228

1095 Gulf Of Mexico Dr Unit 502

LONGBOAT KEY, FL 34228

  • 33 days on market
Welcome to Paradise! Whether you’re an investor seeking a fantastic opportunity, a snowbird escaping the cold, a second-home buyer, or someone looking for a perfect beachfront condo to call home—don’t miss this one! This beautifully completely renovated, fifth-floor, two-bedroom, two-bath condo is a rare find. It’s well-maintained and move-in ready, featuring a spacious split floor plan. The gourmet kitchen, hard surface countertops, and stainless steel appliances. Hurricane rated front door, impact sliding doors and windows. Step onto the balcony to enjoy serene pond views with charming water features and a stunning glimpse of the Gulf of Mexico. Beachplace offers exceptional amenities, including a heated junior Olympic-sized pool, three tennis courts, a fitness center, a clubhouse with an activity center, on-site management, and 24-hour gated security. Conveniently located on the south end of Longboat Key, this community is just a short drive to the Longboat Key Club’s Islandside and Harbourside facilities, Avenue of the Flowers, St. Armand’s Circle, and the vibrant cultural scene of downtown Sarasota. With monthly rentals permitted up to 12 times a year, this property is as flexible as it is appealing. Schedule your viewing today and make your dream of coastal living a reality!

Details

Property type

Condominium

Est. home value

$1,191,851

Lot size

Unknown

Price per sq ft

$862

Year built

1981

Annual property taxes

$11,316

HOA

Yes

Price History

11/19/2024
StellarMLS

StellarMLS #A4629803

Listed
$1,199,000
+66.53%
04/30/2021
StellarMLS

StellarMLS #A4486580

Sold
$720,000
+60%
01/13/2017
StellarMLS

StellarMLS #A4154912

Sold
$450,000

Schools & Community

Elementary school: 

Southside Elementary

Middle school: 

Booker Middle

High school: 

Booker High

Community features: 

Gated, Fitness Center, Pool, Sidewalks, Tennis Court(s)

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Bank Of America Na

Loan start date

October 2022

Original loan amount

$100,000

Est. remaining balance

Not provided

Interest rate

4.64%

Loan type

Credit Line (Revolving), 30 year

Seller

Matthew Costello and Catherine Gervais Costello

Lender

Axia Financial Llc

Loan start date

April 2021

Original loan amount

$320,000

Est. remaining balance

$295,295

Interest rate

3.05%

Loan type

New Conventional, 30 year

Seller

Matthew T Costello and Catherine Gervais Costello

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 12/22/2024 at 9:40 AM

Listing updated: 12/01/2024 at 1:36 PM

Listed by: Michael Renick PLLC, MANGROVE REALTY ASSOCIATES Phone #: (941) 957-0080

MLS: StellarMLS #A4629803

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