Active
5125 GULF OF MEXICO DR #7
LONGBOAT KEY FL, 34228
$1,020,000
$1,061.39 per sqft
Active
2 Beds
2 Baths
961 sqft
Condos
Built in 1983
Nestled in the heart of Longboat Key, this exceptional two-bedroom, two-bathroom beachfront condo offers a rare blend of luxury, comfort, and high rental potential. Situated within the meticulously maintained Seagrape Inn, this turnkey furnished unit is an investor's dream, boasting a potential gross annual revenue of $108,000 and a net operating income of $66,000. The Seagrape Inn's lush landscaping and upscale tropical ambiance create an idyllic setting along the stunning Gulf of Mexico, perfect for both personal enjoyment and income generation. Amenities at Seagrape Inn include a private entrance to each condo, a private heated pool, a private beach area with lounge chairs and umbrellas, on-site laundry and ice machine, upgraded Wi-Fi throughout the resort, cable TV, a gazebo with a gas BBQ grill, and beach towels and linens.
Unit 7, perched on the second floor, provides breathtaking views of the ocean and the inviting pool below. Upon entry, the condo exudes sophistication, with a thoughtfully designed living space that seamlessly connects the living room, dining area, and upgraded kitchen. The kitchen, recently renovated to perfection, features new cabinets, countertops, recessed lighting, plumbing fixtures, and state-of-the-art appliances. The entire unit has been enhanced with new waterproof LVP flooring, fresh interior paint, and modern light fixtures, ensuring a contemporary and elegant aesthetic throughout.
Both bedrooms are tastefully furnished, offering serene retreats after a day at the beach. The bathrooms have been completely remodeled, showcasing new vanities, tile work, shower doors, and plumbing fixtures. Step onto the screened balcony to savor unparalleled views of the ocean, pool, and lush greenery--a perfect spot to relax and soak in the tranquil surroundings.
Beyond the condo's exquisite interior, significant exterior improvements have been made, including the installation of hurricane windows and doors, new deck waterproofing, and exterior painting. The convenience of a designated parking spot adds to the property's appeal.
Located in a prime area of Longboat Key, this condo provides easy access to the beach, Gulf, and nearby restaurants and shops. Whether you're seeking a lucrative investment or a luxurious personal retreat, this beachfront condo offers an extraordinary opportunity to experience the best of coastal living in an unparalleled location.
N6136477
MLSⓇ ID
January 21, 2025
Listed
January 21, 2025
Updated
Map
5125 GULF OF MEXICO DR #7
LONGBOAT KEY FL, 34228
Interior Features
Total Stories
2
Bedrooms
2
Total Bathrooms
2
Full Bathrooms
2
Interior Features
Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Thermostat
Appliances
Convection Oven, Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Range Hood, Refrigerator
Laundry Description
Outside
Floor Description
Tile
Fireplace
Yes
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Electric
Exterior/Building Features
Exterior Features
Outdoor Grill
Lot Features
City Limits, Sidewalk, Paved
Architectual Style
Other
Roof
Built-Up
Sewer
Public Sewer
School Information
High School
Bayshore High
Elementary School
Anna Maria Elementary
Other Property Details
Area Name
34228 - Longboat Key
Taxes
$11,168
Tax Frequency
Annually
Association Fee
$2,356
Association Fee Frequency
Monthly
Association Amenities
Laundry, Other, Pool
Garage
No
Parking
Assigned
View
Yes
View Description
Water
County
Manatee
Municipality
35S
Water Source
Public
Pool
No
Pool Features
Gunite, Heated, Lighting, Outside Bath Access
Waterfront
Yes
Zoning
R3MX
Listed by KELLER WILLIAMS ON THE WATER S
Listing Contact: 941-803-7522
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Data last updated 1/21/2025, 6:26 PM UTC