5581 Gulf Of Mexico Drive, LONGBOAT KEY, FL 34228
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Priced at Only: $15,500,000
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Address: 5581 Gulf Of Mexico Drive, LONGBOAT KEY, FL 34228
Property Location and Similar Properties
- MLS#: A4641831 ( Residential )
- Street Address: 5581 Gulf Of Mexico Drive
- Viewed: 122
- Price: $15,500,000
- Price sqft: $1,817
- Waterfront: Yes
- Wateraccess: Yes
- Waterfront Type: Beach Front
- Year Built: 1952
- Bldg sqft: 8529
- Bedrooms: 11
- Total Baths: 11
- Full Baths: 9
- 1/2 Baths: 2
- Days On Market: 148
- Additional Information
- Geolocation: 27.4129 / -82.6606
- County: MANATEE
- City: LONGBOAT KEY
- Zipcode: 34228
- Subdivision: Longboat Key
- Provided by: DEVELOPERS REALTY LBK, INC
- Contact: Reid Murphy
- 941-799-9096
- DMCA Notice
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DescriptionSought after slice of beachfront paradise on the exclusive island of Longboat Key. Rarely available 2 acre property with 200 feet of beach frontage on the Gulf of America. Currently it hosts a quaint inn featuring ten suites and one cottage, all had been renovated with timeless old Florida decor. The property is surrounded by tropical blooms , lush foliage, vine covered arbors, swaying palm trees, a private gazebo, and a heated swimming pool. Amazing opportunity for a new development, or alternatively a chance to easily bring the property back to its recent glory. The property has been approved to build two single family homes or a six unit luxury Condominium. This fantastic location is near the growing number of top restaurants and attractions . Walk to Harry's Euphemia Haye, Lazy Lobster, new local favorite Lo' Key or stroll over to the bay at Durante Park. All this is just a short drive to the renowned shopping, dining and cultural attractions of St Armands Circle, as wells Downtown Sarasota and Anna Maria Island. So many possibilities for this location, location , location !
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- Property Tax $
- Home Insurance $
- HOA Fees $
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Features
Building and Construction
- Covered Spaces: 0.00
- Exterior Features: Balcony, Courtyard, French Doors
- Flooring: Tile
- Living Area: 8529.00
- Roof: Metal
Garage and Parking
- Garage Spaces: 0.00
- Open Parking Spaces: 0.00
Eco-Communities
- Pool Features: In Ground
- Water Source: Public
Utilities
- Carport Spaces: 0.00
- Cooling: Central Air
- Heating: Central
- Sewer: Private Sewer
- Utilities: Cable Connected, Electricity Connected
Finance and Tax Information
- Home Owners Association Fee: 0.00
- Insurance Expense: 0.00
- Net Operating Income: 0.00
- Other Expense: 0.00
- Tax Year: 2024
Other Features
- Appliances: Dishwasher, Disposal
- Country: US
- Interior Features: Ceiling Fans(s)
- Legal Description: ALL OF LOTS 11 & 12, LYING WLY OF JOHN RINGLING PKWY (100 FT WIDE, NOW KNOWN AS GULF OF MEXICO DR) OF A SUB ON LONGBOAT KEY, INSERT "TOGETHER WITH GRANTOR'S RIGHT, TITLE & INTEREST IN & TO LAND LYING BETWEEN THE WLY BDRY OF THE ABOVE DESC PROPERTY & THE MEAN HIGH WATER LN OF WATERS OF THE GULF OF MEXICO." (2152/4722) PI#79839.0005/9
- Levels: One
- Area Major: 34228 - Longboat Key
- Occupant Type: Vacant
- Parcel Number: 7983900059
- Views: 122
- Zoning Code: R3MX
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