tomo logo

$6,900,000

Beds
5
Baths
5.0
sq ft
6,000

5444 Gulf of Mexico Dr, Longboat Key, FL 34228

5444 Gulf of Mexico Dr

LONGBOAT KEY, FL 34228

  • 170 days on market
Behold a sanctuary of contemporary elegance, where luxury and innovation converge to create a residence that stands as a testament to architectural grandeur on beautiful Longboat Key. This 6,000+/- sq. ft. Bayfront marvel, brilliantly crafted by Bruce Saba, offers an unparalleled contemporary living experience. As you step inside, the exceptional style reveals itself, boasting absolutely the very best views of any single-family home on the island. The home’s 360-degree connection to the outdoors is achieved through walls of glass, allowing natural light to flood in and highlight the gorgeous limestone and marble floors and high ceilings. The expansive, oversized 49-foot living room is perfect for both grand entertaining and intimate family moments. The modern kitchen features silver cloud granite countertops and double height silver lacquered cabinets with stainless-steel appliances and elevated dishwasher, while the 4 en-suite bedrooms and 5th den/bedroom with an adjacent bathroom offer unparalleled privacy. The oversized primary suite has sweeping Bay views with a private terrace and a full surround glass sitting room offering four closets for ample storage. Perched at a 40-foot elevation, the observatory provides a breathtaking vantage point, complemented by a treetop-level pool, spa and oversized deck for entertaining. The glass enclosed elevator ensures seamless access to all levels, including a 2,000 sq. ft. flat roof top deck that completes this luxurious retreat offering 360-degree views of the adjacent 30-acre Nature Preserve, breathtaking views of the Sarasota Bay, the John Ringling Bridge, the vibrant downtown Sarasota skyline, and unforgettable Sunsets. Part or all of the ground floor family/game room could easily convert to a colossal 8+ car garage or more for the avid car collector. With 1.06 acres, and room for an additional home, this estate is an oasis where every moment is enhanced by the stunning panoramic views and the serene tropical setting and for the avid Birdwatcher, enjoy all day unique wildlife viewing opportunities. For the water enthusiasts, you have your very own private dock and deeded beach access that leads you to the inviting waters of the Gulf of Mexico. Within a short distance of 1-2 blocks, you’ll find a variety of restaurants offering diverse culinary experiences and the central location provides easy access to world-famous shopping at St. Armands Circle and the vibrant arts and culture scene of downtown Sarasota. Don’t miss this one-of-a-kind estate property located on Longboat Key, famed for its 12 miles of pristine white-sand beaches, opulent resorts, tennis, waterfront golf courses, award-winning restaurants, grand estates and luxurious multi-million dollar condominiums situated in one of Florida’s most desirable and prestigious zip codes. This is a dream opportunity for those seeking great views, privacy, tranquility, and a unique slice of paradise on Longboat Key. The adjacent 2.08-acres can be purchased for $6.9M, which has a proposed site plan allowing for seven new homes and offers endless possibilities with deeded beach access. (See 5440 Gulf of Mexico Drive) The total 3.16-acre estate including the home and the vacant land, which includes the entire subdivision allowing for 8 new homes can be purchased for $13.8M. One or more photos have been virtually staged.

Details

Property type

Single Family Residence

Est. home value

$3,495,616

Lot size

1.06 acres

Price per sq ft

$1,150

Year built

1997

Annual property taxes

$44,657.82

Price History

07/06/2024
StellarMLS

StellarMLS #A4615831

Listed
$6,900,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

Washington Mutual Bank Fa

Loan start date

December 2004

Original loan amount

$1,500,000

Est. remaining balance

Not provided

Interest rate

4.29%

Loan type

Negative Amortization, 30 year

Seller

Victor G Levine

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?

Similar Homes Nearby

StellarMLS
$5,900,000
5 bd
|
4.5 ba
|
3,247 sq ft
|
House

6429 Gulfside Rd, Longboat Key, FL 34228

StellarMLS
$7,150,000
5 bd
|
5 ba
|
4,272 sq ft
|
House

5910 Gulf of Mexico Dr, Longboat Key, FL 34228

Price drop
StellarMLS
$6,750,000
5 bd
|
5.5 ba
|
3,503 sq ft
|
House

7147 La Lenaire Dr, Longboat Key, FL 34228

Status: Active

Tomo last checked: 12/22/2024 at 8:00 PM

Listing updated: 07/24/2024 at 3:30 PM

Listed by: Tracey Stetler, COLDWELL BANKER REALTY Phone #: (941) 383-6411

MLS: StellarMLS #A4615831

StellarMLS logo