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$1,100,000

Beds
3
Baths
2.0
sq ft
1,484

5055 Gulf of Mexico Dr Unit 115, Longboat Key, FL 34228

5055 Gulf of Mexico Dr Unit 115

LONGBOAT KEY, FL 34228

  • 3 days on market
Discover a Rare Opportunity to Own a Spacious 3BR/2BA Residence on the Coveted Gulf Side of Longboat Key at an Exceptional Value…Set on the Ground Level of Club Longboat Beach & Tennis, One of the Island’s Most Sought-After Beachfront Communities, This 1,484sf Split-Plan Unit has Been Completely Transformed to Effortless Style & Coastal Sophistication…Rich Laminate Wood Floors Flow Throughout, Accentuating a Neutral Palette and Meticulously Curated Finishes...The Open Kitchen Seamlessly Connects to the Dining and Living Areas, Featuring Sleek White Cabinetry, Under-Cabinet Lighting, Stainless Steel Appliances, a Striking Backsplash, and Massive Center Island with Breakfast Bar…A Huge Wall of Sliders Opens to an Inviting Patio, Enveloped by Lush Landscaping, Creating a Serene Space for Entertaining or Unwinding…The Primary Suite is a Private Retreat with Floor-to-Ceiling Sliders Leading to the Patio, While the Spa-Inspired Bath Boasts a Walk-In Glass Shower & Exquisite Tilework…Additional Highlights Include a Utility Room, Plantation Shutters, Recessed Lighting, and Well-Appointed Guest Bedrooms…Club Longboat's Property Spans 750 Feet of Pristine Beachfront and Features a Wealth of Resort-Style Amenities, Including 8 Har-Tru Tennis Courts, 2 Heated Pools, a Fitness Center, and More…Pet-Friendly with No Weight Restrictions—an Exceptional Rarity on Longboat...Book Your Private Showing Today and Live a Fuller Life!

Details

Property type

Condominium

Est. home value

$788,673

Lot size

Unknown

Price per sq ft

$742

Year built

1973

Annual property taxes

$10,515

HOA

No

Price History

03/29/2025
StellarMLS

StellarMLS #A4646703

Listed
$1,100,000
+41.94%
06/28/2023
StellarMLS

StellarMLS #A4569492

Sold
$775,000
+80.23%
01/15/2016
StellarMLS

StellarMLS #A4134399

Sold
$430,000
+14.67%

Schools & Community

Elementary school: 

Anna Maria Elementary

Middle school: 

Martha B. King Middle

High school: 

Bayshore High

Community features: 

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

Negotiation Insights

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

Seller could get up to

$632,488
Asking price
$1,100,000
Closing costs (~8% of asking)
-$88,000
Est. remaining loan balance
-$379,512
Cash to seller
$632,488

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Zillow Home Loans Llc

Loan start date

June 2023

Original loan amount

$387,500

Est. remaining balance

$379,512

Interest rate

6.35%

Loan type

New Conventional, 30 year

Seller

Philip Duncan and Patti Duncan

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?

Status: Active

Tomo last checked: 04/01/2025 at 1:55 PM

Listing updated: 03/30/2025 at 4:12 PM

Listed by: Bo Fuller, Jr, FULLER GROUP REAL ESTATE, LLC Phone #: (941) 961-3100

MLS: StellarMLS #A4646703

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