$1,199,000
- Beds
- 2
- Baths
- 2.0
- sq ft
- 1,028
5311 Gulf of Mexico Dr Unit 3, Longboat Key, FL 34228
5311 Gulf of Mexico Dr Unit 3
LONGBOAT KEY, FL 34228
- <1 day on market
Turnkey furnished and ready to enjoy or rent, this charming beachfront retreat on Longboat Key offers the perfect blend of coastal living and investment potential. Situated directly on the pristine shores of the Gulf of Mexico, this two-bedroom residence grosses an average of six figures in annual rental income (SEE REALTOR REMARKS), making it an exceptional opportunity for personal enjoyment or weekly rentals. Set within Beach Castle Resort, this first-floor, direct Gulf-front property boasts breathtaking water views and effortless beach access just steps from the outdoor entertaining spaces. Inside, the light-filled interior features oversized tile flooring, updated windows and sliders (2009), and a granite kitchen with modern cabinetry, appliances, and upgraded plumbing and electrical systems (2006). The open-concept layout seamlessly connects the kitchen, living, and dining areas, with sliders leading to an inviting patio and a screened-in space ideal for relaxation. The two-bedroom split layout ensures privacy for guests. The primary suite enjoys private patio access and serene Gulf views, creating a peaceful retreat for owners and visitors alike. Beach Castle Resort is one of the rare Longboat Key communities offering flexible daily, weekly, or monthly rental programs. Residents and guests appreciate the beach-to-bay amenities, including deeded beach access, barbecue grilling areas, a sundeck with a heated swimming pool and spa, a fishing pier, and a day dock for boating enthusiasts (no overnight docking, first-come basis). The north end of Longboat Key offers a relaxed, tropical lifestyle. Bayfront Park and Cedars Tennis Resort are minutes away, while the southern end of the island brings the liveliness of the Longboat Key Club, fine dining, boutique shopping at St. Armands Circle, and the cultural attractions of downtown Sarasota. This beachfront retreat is an ideal escape, combining Gulf-front tranquility with exceptional rental income potential.
Details
Property type
Condominium
Lot size
Unknown
Price per sq ft
$1,167
Year built
1973
Annual property taxes
$12,052
HOA
Yes
Price History
01/23/2025
StellarMLS #A4635657
Listed
$1,199,000
-11.19%
08/30/2024
StellarMLS #A4604824
Removed
$1,350,000
03/26/2024
StellarMLS #A4604824
Listed
$1,350,000
+200%
Schools & Community
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Pool
Community features:
Pool
Status: Active
Tomo last checked: 01/23/2025 at 10:45 PM
Listing updated: 01/23/2025 at 4:51 PM
Listed by: Roger Pettingell, COLDWELL BANKER REALTY Phone #: (941) 383-6411
MLS: StellarMLS #A4635657
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