5581 Gulf Of Mexico Dr, Longboat Key, FL 34228
$15,500,000
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Home Description
Sought 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 !
- Private Pool: True
- Pool Features: In Ground
- Water View: Beach
- Water Frontage: Beach Front
- Water Feet: 200
- Water Access: Beach,Beach - Access Deeded
- Interior Features: Ceiling Fans(s)
- Appliances: Dishwasher,Disposal
- Floor Covering: Tile
- Exterior Features: Balcony,Courtyard,French Doors
- Exterior Contruction: HardiPlank Type
- Foundation: Slab
- Front Exposure: West
- Roof: Metal
- Building Sqft: 8529
Available now at $15,500,000
Approximate Room Sizes / Descriptions
| Living Room | 10x10 | First | |
| Kitchen | 10x10 | First | |
| Primary Bedroom | 10x10 | First | |
- Garage: False
- Garage Spaces: 0
- Carport: False
- Carport Spaces: 0
- Air Conditioning: Central Air
- Heating: Central
- Utilities: Cable Connected,Electricity Connected
- Lot Sqft: 88200.00
- Lot Dim: 200x441
- Lot Acres: 2.0200
- Total Acre: 2 to less than 5
- Lot Num: 11 12
- Style: Single Family Residence
Neighborhood
The average asking price of a 11 bedroom Longboat Key home in this zip code is
$20,250,000 (30.6% more than this home).
This home is priced at $1,817/sqft,
which is 10.0% less than similar homes
in the 34228 zip code.
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Financial
- Approx Payment:$75,402*
- Taxes:$80,316
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.
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85
$3,449,254
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0.0%
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134
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15
0.0%
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68
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39
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92
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0.0%
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129
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427
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107
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1239
1.0%
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114
$1,499,101
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94
0.0%
50.0%
99
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413
1.2%
58.4%
87
$515,471
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956
0.5%
50.6%
90
$1,398,134
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2026
0.2%
49.2%
89
$1,375,992
$990,000
13
7.7%
53.8%
71
$596,271
$519,450
1166
0.3%
54.9%
94
Listing Courtesy of DEVELOPERS REALTY LBK, INC.
For information or to schedule a viewing of this property (MLS# A4641831), call: 407-252-3959
5581 Gulf Of Mexico Dr, Longboat Key FL is a single family home of 8529 sqft and
is currently priced at $15,500,000
.
This single family home has 11 bedrooms.
A comparable home for sale at 5965 Gulf Of Mexico Dr in Longboat Key is listed at $25,000,000.
In addition to single family homes, EasyStreet also makes it easy to find Homes, Condos, New Homes and Foreclosures
in Longboat Key, FL.
Bay Isles, Sleepy Lagoon and Country Club Shores are nearby neighborhoods.
MLS A4641831 has been posted on this site since 2/24/2025 (today).