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$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

StellarMLS #A4635657

Listed
$1,199,000
-11.19%
08/30/2024
StellarMLS

StellarMLS #A4604824

Removed
$1,350,000
03/26/2024
StellarMLS

StellarMLS #A4604824

Listed
$1,350,000
+200%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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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