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

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