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$1,050,000

Beds
3
Baths
3.0
sq ft
2,200

5611 Gulf of Mexico Dr Unit 5, Longboat Key, FL 34228

5611 Gulf of Mexico Dr Unit 5

LONGBOAT KEY, FL 34228

  • 45 days on market
    • Price drop $50,000↓
Experience the ultimate in coastal living with this stunning three-bedroom, three-bathroom Gulf-side townhouse on Longboat Key, offering partial Gulf views and an unbeatable location just steps from the pristine sands of the Gulf of Mexico. A private boardwalk and deeded beach access lead you directly to the warm Gulf waters, ensuring every day feels like a vacation. Designed for both relaxation and investment potential, this turnkey-furnished residence is ready for your getaway or tenant, with lucrative rental opportunities allowing for a one-month minimum lease up to 12 rentals a year. In addition to three spacious bedrooms, a versatile downstairs room with two closets can serve as a fourth bedroom, office, or media space. Enjoy breathtaking Gulf views from the expansive balconies off the master and second bedrooms, while an elevator provides easy access between the first and second floors. The home features low-maintenance laminate and tile flooring throughout—no carpet—along with an updated gourmet kitchen fully equipped with high-end appliances, granite counters and all the essentials for effortless entertaining. This exclusive, pet-friendly community of just eight residences offers privacy and tranquility, while its prime location places you across from the renowned Harry's Restaurant and just a short drive from the world-class shopping and dining of St. Armand's Circle. With a history of successful vacation rentals through a professional service, this property is an exceptional opportunity for both personal enjoyment and investment. Don't miss your chance to own a slice of paradise—schedule your private showing today! Don't Miss The Virtual Tour***

Details

Property type

Condominium

Est. home value

$910,849

Lot size

1.02 acres

Price per sq ft

$478

Year built

1985

Annual property taxes

$12,627.23

HOA

Yes

Price History

03/02/2025
StellarMLS

StellarMLS #A4640556

Price change
$1,050,000
-4.55%
02/13/2025
StellarMLS

StellarMLS #A4640556

Listed
$1,100,000
+100.36%
12/30/2019
StellarMLS

StellarMLS #A4450033

Sold
$549,000
+22%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool

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

$597,357
Asking price
$1,050,000
Closing costs (~8% of asking)
-$84,000
Est. remaining loan balance
-$368,643
Cash to seller
$597,357

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

Seller’s Loan History

Lender

Quicken Loans Inc

Loan start date

December 2019

Original loan amount

$411,750

Est. remaining balance

$368,643

Interest rate

3.75%

Loan type

New Conventional, 30 year

Seller

James Edward Crandall

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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House

562 Juan Anasco Dr, Longboat Key, FL 34228

Status: Active

Tomo last checked: 03/31/2025 at 6:00 PM

Listing updated: 03/24/2025 at 9:07 AM

Listed by: Geri Scheckner, BRIGHT REALTY Phone #: (941) 552-6036

MLS: StellarMLS #A4640556

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