Active

5311 GULF OF MEXICO DR #3

LONGBOAT KEY FL, 34228

$1,350,000


$1,313.23 per sqft

Active

2 Beds

2 Baths

1,028 sqft

Condo

Built in 1973

Welcome to your own piece of paradise right on the shores of Longboat Key! This is a rare opportunity for an owner/investor to enjoy all that Longboat Key has to offer while maximizing rental profits with daily rentals! Take in the bright blue waters through the sliding glass doors as soon as you step in to the two-bedroom two-bathroom 1,028 square foot space. This turnkey, furnished unit is clean and well maintained with tile floors throughout. The kitchen offers an open space with updated appliances and sparkling granite countertops. The primary suite offers an en-suite bathroom and opens up to the screened in lanai with water views of the gulf. The second bedroom also offers an en-suite bathroom with two queen beds and extra space for guests. Beach Castle Resort offers a bay to gulf property, with a heated swimming pool and spa on the bay side, including a community dock and kayak launch. The gulf side of the complex offers a BBQ grille, separate laundry room, and provides beach chairs and umbrellas for use on the sandy beach. Beach Castle's rental policy accommodates minimum 1 to 7 day tenancies, with in-house property management provided by RVA. Seller reports revenue of $142,000 in 2023. Owners and tenants alike are able to use Cedar's amenities and overflow parking just up the road which includes a junior Olympic pool, ten lighted tennis courts, 24/7 fitness center and bicycles. Beach Castle Resort is pet friendly for an owner's small dog. Right in the middle of LBK, in close proximity to restaurants, St. Armand's circle and downtown Sarasota. Part time or full time, this opportunity provides flexibility to enjoy the beach life!

A4604824

MLS ID

March 26, 2024

Listed

March 29, 2024

Updated

Map

5311 GULF OF MEXICO DR #3
LONGBOAT KEY FL, 34228

Interior Features

Total Stories

1


Bedrooms

2 Beds


Bathrooms

2 Baths


Interior Features

Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo


Appliances

Convection Oven, Dishwasher, Microwave, Refrigerator


Laundry Description

Common Area


Floor Description

Tile


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

1.01 Acres


Exterior Features

Outdoor Grill, Sidewalk, Tennis Court(s)


Lot Features

Landscaped, Sidewalk


Architectual Style

Florida


Roof

Concrete


Sewer

Public Sewer

School Information

High School

Bayshore High


Elementary School

Anna Maria Elementary

Other Property Details

Area Name

34228 - Longboat Key


Taxes

$12,052


Tax Frequency

Annually


Days on Market

2


Association Fee

$1,302


Association Fee Frequency

Monthly


Garage

No


Parking

Off Street


View

Yes


View Description

Water


County

Manatee


Municipality

35S


Water Source

Public


Pool

No


Pool Features

Deck, Gunite, In Ground, Lighting


Waterfront

Yes


Zoning

R4MX


Buyer Agency Compensation

3%

Listed by Brittany Anderson, with MCKAY MANAGEMENT & REALTY
Listing Contact: 941-233-1401 

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Data last updated 3/29/2024, 1:12 AM UTC

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