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$700,000

Beds
2
Baths
2.0
sq ft
1,014

5310 Gulf of Mexico Dr Unit 11, Longboat Key, FL 34228

5310 Gulf of Mexico Dr Unit 11

LONGBOAT KEY, FL 34228

  • Pending
Under contract-accepting backup offers. **Under Contract, BUT ACCEPTING BACKUP OFFERS** Stunning Remodeled Condo in Prime Longboat Key Location ~ Welcome to Beach Castle Resort, a serene retreat located at 5310 Gulf of Mexico Drive on Longboat Key! Offering PRISTINE BLUE WATER, WHITE SANDY BEACHES, and a peaceful atmosphere away from tourist crowds, this beautifully REMODELED condo is the perfect blend of luxury and comfort. Nearly every inch of this condo has been meticulously updated, featuring MODERN FINISHES and HIGH-END FIXTURES. Enjoy an OPEN FLOOR PLAN with abundant NATURAL LIGHT, perfect for entertaining or relaxing. Equipped with top-of-the-line STAINLESS STEEL APPLIANCES, CUSTOM CABINETRY, and ENGINEERED QUARTZ COUNTERTOPS, even the interior pipes have been replaced! Retreat to the OVERSIZED BEDROOMS, offering ample closet space and serene views, and the spa-like bathrooms with modern design and premium materials! This unit also comes with not 1, but 2 OWNERS CLOSETS with keyless locks ~ perfect for storing all your beach gear, bikes, or seasonal's! LOCATION, LOCATION, LOCATION! Situated on the prestigious Gulf of Mexico Drive, this condo offers unparalleled access to the best of Longboat Key. Located within the charming Beach Castle Resort, a true BEACH-TO-BAY COMMUNITY that extends from the Gulf side to the bay side. With only 21 units throughout resort, Beach Castle offers a laid-back appeal, renowned for its charm and perfection! Winning the hearts of all who stay, many guests return year after year, drawn by the resort's OLF FLORIDA CHARM and PRIVATE GETAWAYS. Beach Castle is one of the few locations that was grand-fathered that allows short term rentals on Long Boat Key!! The resort offers exceptional furnishings and unique amenities, including a pool / hot tub, PRIVATE BEACH ACCESS, bay front fishing dock with cleaning station, beach chairs and umbrellas, tennis and pickleball courts! Condominiums rarely come available for sale in Beach Castle ~ don't miss out and call the listing agent today for a private VIP tour!

Details

Property type

Condominium

Est. home value

$643,398

Lot size

Unknown

Price per sq ft

$691

Year built

1973

Annual property taxes

$6,413.89

Monthly HOA fee

$1,384

Price History

01/16/2025
StellarMLS

StellarMLS #A4632501

Pending
$700,000
01/13/2025
StellarMLS

StellarMLS #A4632501

Listed
$700,000
+288.89%
11/22/2010
StellarMLS

StellarMLS #A3931546

Sold
$180,000
-56.1%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, 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

$185,842
Asking price
$700,000
Closing costs (~8% of asking)
-$56,000
Est. remaining loan balance
-$458,158
Cash to seller
$185,842

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

Seller’s Loan History

Lender

Castle Mortgage Corp

Loan start date

October 2023

Original loan amount

$464,000

Est. remaining balance

$458,158

Interest rate

7.09%

Loan type

New Conventional, 30 year

Seller

Puravida Fl Investments 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: Pending/Under Contract

Tomo last checked: 01/22/2025 at 8:40 AM

Listing updated: 01/17/2025 at 1:36 PM

Listed by: Chris Carpenter, COLDWELL BANKER SARASOTA CENT. Phone #: (941) 487-5600

MLS: StellarMLS #A4632501

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