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5125 Gulf Of Mexico Dr # 7, Longboat Key, FL 34228

$1,250,000

Coastal property with private walkway to beach, pool, and lush landscaping at 5125 Gulf Of Mexico Dr # 7, Longboat Key, FL 34228
  • Bedrooms

    2

  • Baths

    2

  • Sq. Feet

    961

  • Year Built

    1983

  • Days On Market

    174

  • $/SqFt

    $1,301

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Home Description

Exceptional Investment Opportunity: Turnkey Furnished Condo at Seagrape Inn** Discover an exceptional investment opportunity with this elegant, fully renovated, turnkey furnished condo in the exclusive boutique-style Seagrape Inn, a resort with only eight units. Nestled beachside on the beautiful Gulf of Mexico, the Seagrape Inn offers an idyllic setting for both personal use and rental income. Owners can enjoy unlimited personal usage while benefiting from a lucrative rental program managed by a professional on-site property manager, with no minimum rental restrictions. This condo promises potential annual revenue exceeding $106,000 currently, while still allowing ample personal use. The current owners have a profit and loss statement ready to share. The Seagrape Inn is meticulously maintained, featuring lush landscaping in an upscale tropical setting. Unit 7, located on the second floor, offers exceptional views of the ocean and pool. Relax on your screened lanai, enjoying the warm breeze with your morning coffee, afternoon cocktail, or a good book. Inside, the spacious open floor plan provides plenty of room to unwind, complete with all new, comfortable furniture and a flat-screen TV in the living area. The fully renovated interior boasts first-class materials and finishes throughout the entire space. Improvements made 2023/2024 include new luxury waterproof vinyl floors throughout, new interior paint, new doors and trim, a full kitchen renovation with new cabinets, granite countertops, and appliances. Both bathrooms have been fully renovated with new tiles, vanities, and showers. The primary bedroom features an inviting king-size bed, ample closet space, a flat-screen TV, and a recently remodeled bathroom. The second bedroom includes a queen-size bed, a flat-screen TV, and a recently remodeled bath as well. A new A/C unit was installed in 2021. This condo is sold fully turn-key furnished and, includes dedicated parking an owner's locker, and is conveniently located near restaurants and shops. The complex recently installed hurricane windows and doors. Amenities at Seagrape Inn include: - Private Entrance to Each Condo - Private Heated Pool - Private Beach Area with Lounge Chairs & Umbrellas - On-Site Laundry & Ice Machine - Upgraded Wi-Fi throughout the Resort - Cable TV - Gazebo with Gas BBQ Grill - Beach Towels & Linens Enjoy the extremely private, quiet, and serene atmosphere of this lovely condo, the perfect getaway to relax and enjoy spectacular Gulf sunsets while creating new memories. Don't miss this opportunity! ****Please note, the HOA quarterly fee includes the onsite Rental/CAM Managers salary. Beyond the CAM manager's responsibility of operations expense, upkeep, board meetings, financials, etc.. She also handles all Rental bookings, advertising, cleaning, receipts, ect…. BUT there is no money owed or due for these rental agent services as it is already built into your quarterly hoa fee.****

  • MLS #: A4616212
  • Address: 5125 Gulf Of Mexico Dr # 7
  • Unit Num: 7
  • Levels: One
  • City: Longboat Key
  • Zip: 34228
  • County: Manatee
  • Community Features: Association Recreation - Owned,Deed Restrictions,Pool
  • Elementary School: Anna Maria Elementary
  • Middle School: Martha B. King Middle
  • High School: Bayshore High
  • Private Pool: True
  • Pool Features: Gunite,Heated,In Ground
  • Water View: Beach,Gulf/Ocean to Bay
  • Water Name: GULF OF MEXICO
  • Water Frontage: Beach Front
  • Water Feet: 101
  • Water Access: Beach,Beach - Access Deeded
  • Interior Features: Living Room/Dining Room Combo,Open Floorplan,Split Bedroom,Thermostat
  • Appliances: Convection Oven,Dishwasher,Disposal,Electric Water Heater,Microwave,Range Hood,Refrigerator
  • Floor Covering: Ceramic Tile,Luxury Vinyl
  • Architectural Style: Traditional
  • Exterior Features: Balcony,Hurricane Shutters,Irrigation System,Lighting,Outdoor Grill,Sidewalk,Sliding Doors
  • Exterior Contruction: Concrete,Stucco
  • Foundation: Block,Slab,Stem Wall
  • Front Exposure: South
  • Roof: Membrane
  • Building Sqft: 1024

Available now at $1,250,000

Approximate Room Sizes / Descriptions

Balcony/Porch/Lanai10x8FirstConcrete
Living Room15x17FirstLuxury Vinyl
Kitchen11x9FirstLuxury Vinyl
Bedroom 214x12FirstLuxury Vinyl
Primary Bedroom14x12FirstLuxury Vinyl
  • Garage: False
  • Garage Spaces: 0
  • Carport: False
  • Carport Spaces: 0
  • Air Conditioning: Central Air
  • Heating: Central
  • Utilities: BB/HS Internet Available,Cable Available,Electricity Connected,Public,Street Lights,Underground Utilities
  • Lot Num: 7
  • HOA Fees: $7,069 Quarterly
  • HOA Monthly Amount: $2,356
  • HOA/Community Assoc: Required
  • Senior Community: False
  • Style: Condominium
  • Property Desc: Elevated,Mid Rise
  • Location: City Limits,CoastalConstruction Control Line,FloodZone,Near Marina,Sidewalk
  • Monthly Maintenance: $0
  • Maintenance Includes: Escrow Reserves Fund,Maintenance,Maintenance Grounds,Maintenance Structure,Management,Pool,Sewer,Trash,Water
  • Building Num Floors: 2
  • Building Name Number: N/A
  • Condo Floor Number: 2
  • Pets Allowed: Yes
  • Pet Restrictions: Buyer/Buyer's agent to verify
  • Max Pet Weight: 101
  • : 941-387-8888

Neighborhood

The average asking price of a 2 bedroom Longboat Key condo in this zip code is $1,195,172 (4.4% less than this home).

This condo is priced at $1,301/sqft, which is 40.0% less than similar condos in the 34228 zip code.

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Financial

  • Approx Payment:$6,081*
  • Taxes:$7,654

Area Stats

These statistics are updated daily from the My Florida Regional MLS. For further analysis or to obtain statistics not shown below please call EasyStreet Realty at (407) 252-3959 and speak with one of our real estate consultants.

Listing Courtesy of CENTURY 21 BEGGINS ENTERPRISES. For information or to schedule a viewing of this property (MLS# A4616212), call: 407-252-3959

5125 Gulf Of Mexico Dr # 7, Longboat Key FL is a condo of 961 sqft and is currently priced at $1,250,000 . This condo has 2 bedrooms. A comparable condo for sale at 4725 Gulf Of Mexico Dr # 310 in Longboat Key is listed at $985,000. In addition to condos, EasyStreet also makes it easy to find Homes, Condos, New Homes and Foreclosures in Longboat Key, FL. Tangerine Bay Club, Westchester and Privateer South are nearby neighborhoods. MLS A4616212 has been posted on this site since 7/5/2024 (today).

2024 12/24/2024.

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