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$785,000

Beds
2
Baths
2.0
sq ft
1,561

5757 Gulf of Mexico Dr Unit 109, Longboat Key, FL 34228

5757 Gulf of Mexico Dr Unit 109

LONGBOAT KEY, FL 34228

  • 90 days on market
The largest Longboat Key Beachfront unit on the market at this value! Welcome to your Beachfront Oasis! Walk out of your Gulf front Patio with a view that's only 60 steps to the Pool and 130 steps to our beautiful Longboat Key Beach! You have a view of the Gulf from the moment you walk in the front door. This large 2 Bed/2 Bath ground floor Condo gives you plenty of space for both yourself and all your friends who won't want to leave! The open Kitchen features Granite Countertops, Stainless Steel Appliances, a workspace area, and a breakfast bar. Two Oversized Bedrooms, the Primary with a great view and sliders to the Patio. The Primary has a walk-in closet, dual sinks, and an updated walk-in shower. The Guest Bedroom is large enough for multiple beds and the updated Guest Bath has a tub/shower combo for the little one's. You'll enjoy Tile throughout the entire home for those days walking back in from the Beach. For peace of mind all windows and sliders are hurricane impact glass and the rear window includes rolldown shutters. Milestone Inspection was completed in 2024 and there's no current assessments. The Roof was replaced in 2023, AC 2021, Water Heater 2021. Nothing left to do but move right in! At Shore you'll enjoy use of the Pool, Hot Tub, Sauna, Gym, and a large Social Room. The Shore is a Pet Friendly community. Your new unit comes with an assigned covered parking space and a large (5.5x10.5) private storage room to keep all your beach gear! Conveniently located near fabulous Dining options with easy access to Anna Maria, Lido Key, and downtown Sarasota.

Details

Property type

Condominium

Est. home value

$995,395

Lot size

Unknown

Price per sq ft

$503

Year built

1974

Annual property taxes

$8,711.94

Monthly HOA fee

$1,431.37

Price History

08/24/2024
StellarMLS

StellarMLS #A4620999

Listed
$785,000
+48.39%
04/29/2016
StellarMLS

StellarMLS #A4137569

Sold
$529,000
+21.61%
10/29/2013
StellarMLS

StellarMLS #A3977977

Sold
$435,000

Schools & Community

Elementary school: 

Anna Maria Elementary

Middle school: 

Martha B. King Middle

High school: 

Bayshore High

Community features: 

Clubhouse, Fitness Center, 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

$435,999
Asking price
$785,000
Closing costs (~8% of asking)
-$62,800
Est. remaining loan balance
-$286,201
Cash to seller
$435,999

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

Seller’s Loan History

Lender

Guaranteed Rate Inc

Loan start date

April 2016

Original loan amount

$350,000

Est. remaining balance

$286,201

Interest rate

3.68%

Loan type

New Conventional, 30 year

Seller

William L Durham Jr and Helen A Durham

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?

Status: Active

Tomo last checked: 11/22/2024 at 4:00 PM

Listing updated: 10/29/2024 at 2:09 PM

Listed by: Josh Mills, FINE PROPERTIES Phone #: (941) 782-0000

MLS: StellarMLS #A4620999

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