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