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$5,100,000

Beds
4
Baths
4.5
sq ft
3,358

5005 Gulf of Mexico Dr Unit 5, Longboat Key, FL 34228

5005 Gulf of Mexico Dr Unit 5

LONGBOAT KEY, FL 34228

  • 285 days on market
    • Price drop $195,000↓
Unbelievable price! A lifestyle of uncompromising luxury awaits in this beautiful residence in the exclusive Gulf side community of Bonaire, where beachfront sophistication meets breathtaking vistas, and every detail is crafted with the utmost elegance. This immaculately cared for British West Indies home is only steps away from a residence ONLY private beach access and has everything you could dream of in a coastal luxury home. Upon entering the 3-level floor plan haven, a harmonious blend of engineered hardwoods and ceramic tile unfolds, creating an ambiance exuding both panache and character. The expansive living room and dining area are seamlessly combined and a spectacular panorama of the outdoor living area through walls of windows and sliders, delivering breathtaking views from every angle. The kitchen is an extraordinary masterpiece, featuring an eat-in area, a large pantry, sleek shaker style cabinets with glass upper panels, granite countertops and Wolf/Subzero stainless-steel appliances, 2 side by side dishwashers, and a custom paneled refrigerator. The open balconies beckon you to savor the beauty that surrounds you, providing optimal spaces to bask in the splendor of the tropical views. The master bedroom is a sumptuous retreat, with beautifully crafted engineered hardwood floors, a ship lap wall and two expansive walk-in closets, while the master bath boasts a large free standing soaking tub, separate shower, and dual vanities. The 2nd master bedroom suite with engineered hardwood floors and large walk-in closet, offers an exceptional vantage point with a wall of windows opening to its own private balcony. This bedroom features an ensuite bathroom with custom tile work, a free-standing soaking tub, separate show, dual vanities. Two additional bedrooms that also boasts full ensuite bathrooms with showers, completing the ensemble of luxurious spaces. An elevator travel to all three floors and starts the ground level. The allure of this residence extends beyond aesthetics with practical features like a large walk-in laundry room, adorned with side-by-side washer and dryers and ample storage. Large and open decks on all levels including custom spiraling staircase leading you to a rooftop deck with spectacular sweeping Gulf views as well as an expansive views of the Intercoastal Waterway. Outside a resort style pool with new pool heater, awaits with wrap around swim area, extra-large swim up table and an oversized heated spa surrounded by custom waterfall features and newly installed outdoor shower. A Bug Mister provides bug free outdoor relaxation. Enjoy alfresco dinning with the newly installed outdoor kitchen enriched with high end appliances and teak cabinetry. Freshly established tropical landscaping and turf completes the exterior and offers privacy for the expansive covered outdoor entertaining area. Minutes to enjoy a tennis in the renovated tennis center, a round of championship golf on the 45 hole golf course, or sail out of the Longboat Key Mooring marina, the 2nd largest marina on the West Coast of Florida. Enjoy the amenities of the nationally acclaimed Longboat Key Club or venture just a few minuted drive to Publix, CVS and a Post Office. It is a short drive to St Armands Circle & Downtown Sarasota where you'll experience endless fine dining, theatre and more!

Details

Property type

Single Family Residence

Est. home value

$4,502,987

Lot size

0.23 acres

Price per sq ft

$1,519

Year built

2018

Annual property taxes

$50,616

Monthly HOA fee

$571.67

Price History

10/24/2024
StellarMLS

StellarMLS #A4602726

Listed
$5,100,000
09/30/2024
StellarMLS

StellarMLS #A4602726

Removed
$5,100,000
04/04/2024
StellarMLS

StellarMLS #A4602726

Price change
$5,100,000
-3.68%

Schools & Community

Elementary school: 

Anna Maria Elementary

Middle school: 

Martha B. King Middle

High school: 

Bayshore High

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

Bac Florida Bank

Loan start date

September 2019

Original loan amount

$2,411,500

Est. remaining balance

Not provided

Interest rate

5.5%

Loan type

New Conventional, 30 year

Seller

Foxtrade Real Estate Llc

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 7:40 PM

Listing updated: 10/25/2024 at 6:36 PM

Listed by: Kimberly Towe, CORCORAN CONNECT LLC Phone #: (407) 953-9118

MLS: StellarMLS #A4602726

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