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$1,100,000

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

  • 9 days on market
Beachfront 3-Bedroom Townhouse on Longboat Key Enjoy breathtaking beachfront living in this stunning 3-bedroom, 3-bath townhouse with a deeded beach and private boardwalk for direct access to the shore. Located in the heart of Longboat Key, this pet-friendly residence offers ultimate convenience and luxury. Spacious & Turnkey Furnished – Perfect for personal use or as a lucrative rental property. Bonus Room – A flexible downstairs space with two closets and sleeping accommodations, ideal as an extra bedroom. Elevator Access to All Levels – Seamless accessibility throughout the home. Expansive Balconies – Master and second bedroom balconies with stunning beach views. Upgraded Interior – No carpet, tile throughout, and laminate flooring in the fully stocked kitchen with granite countertops. Convenience & Security – Secure building entry and under-building parking. Prime Location – Across from Harry’s Restaurant and a short drive to St. Armand's Circle and Sarasota’s vibrant arts & culture scene. A rare opportunity for beachfront luxury with comfort, convenience, and investment potential!

Details

Property type

Condominium

Est. home value

$910,849

Lot size

1.02 acres

Price per sq ft

$500

Year built

1985

Annual property taxes

$12,627.23

HOA

Yes

Price History

02/13/2025
StellarMLS

StellarMLS #A4640556

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

StellarMLS #A4450033

Sold
$549,000
+22%
12/31/2014
StellarMLS

StellarMLS #A4107875

Sold
$450,000

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

$641,854
Asking price
$1,100,000
Closing costs (~8% of asking)
-$88,000
Est. remaining loan balance
-$370,146
Cash to seller
$641,854

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

$370,146

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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Status: Active

Tomo last checked: 02/23/2025 at 1:50 AM

Listing updated: 02/15/2025 at 11:51 AM

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

MLS: StellarMLS #A4640556

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