5125 GULF OF MEXICO DRIVE #4 Longboat Key, FL $ 775,000
5125 GULF OF MEXICO DRIVE #4
$ 775,000
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5125 GULF OF MEXICO DRIVE #4

Longboat Key, FL, 34228
$ 775,000
Bedrooms2 Baths2.0 Sq 961

Monthly Estimate*

$ 4,835

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Condo for sale in Longboat Key, FL

for $775,000 with 2 bedrooms and 2 full baths. This 961 square foot condo was built in 1983.

Attention Investors! This is a rare opportunity to own on the beach on LBK and collect rent. The GROSS INCOME from 1/1/25-7/31/25 is $61,278. This intimate, unique beachfront resort has only 8 condos and is available for daily, weekly or monthly rentals. All condos are beautifully appointed and smoke free. You will enjoy many relaxing hours on the beach where chairs are provided for you. The kitchen has stone counters and every small appliance you like to use. The screened porch is a quiet refuge from which to view the Gulf water and the lush landscaping. On site management handles all rentals, cleaning, advertising, bookkeeping and other administrative business. There are no HIDDEN CHARGES, (NO linen rental fee, NO cleaning fee, No business tax fee,) as there are in other vacation rentals. This lovely condo is being offered TURNKEY FURNISHED. Restaurants, nature trails, a park with tennis and pickleball, and food shopping are close by. Financials will be provided upon request. Visit the Seagrape website for room rates etc. theseagrapeinn.com. This condo is heavily booked so showings are available only on check out day which is usually Saturday at 10.Call agent for availability. Life is good on Longboat Key!

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Condo Active

Price

$ 775,000

Bedrooms

2

Full Bath

2

Property Type

Condo

Taxes

$ 7,545

Style

Florida

Year Built

1983

Town/City

Longboat Key

County/Region

Manatee

MLS | Web ID

A4645905

Features
Interior
Interior Amenities ceiling fan(s) living room/dining room combo solid surface counters
Flooring carpet tile
Furnished Y/N turnkey
Total Stories 2
Air Conditioning Y/N yes
Heating Y/N yes
Window Features storm window(s) window treatments
Fireplace Y/N no
Half Baths 0
Laundry Features common area
Total Bedrooms 2
Total Baths 2
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General
Sewer public sewer
Heating central electric
Cooling central air
Utilities bb/hs internet available cable connected electricity connected underground utilities water connected
Possession negotiable
Roof membrane
Appliances dishwasher disposal electric water heater exhaust fan range refrigerator
Zoning r3mx
Association Fee Includes cable tv community pool escrow reserves fund insurance internet maintenance structure maintenance grounds manager pest control pool maintenance sewer trash water
Patio/Porch Features porch screened
Architectural Style florida
Pool Features heated in ground
Construction Materials concrete stucco
Pets Allowed no
Year Built 1983
View water
Levels one
Unit Number 4
Property Subtype condominium
Tax Year 2024
Ownership fee simple
Waterfront Features waterfront gulf/ocean
Community Features waterfront pool
County manatee
New Construction no
Property Type residential
Association Amenities cable tv clubhouse laundry maintenance pool
HOA Y
Subdivision Name seagrape inn
Facing Direction south
Garage Y/N no
Total Rooms 6
Full Baths 2
Status active
Directions north on gulf of mexico drive to 5125. driveway to seagrape inn is on your left (after the tennis court beside club longboat)
High School bayshore high
City longboat key
Body of Water gulf of mexico
Association Name contact bobbie banan
Senior Community Y/N no
MLS Area 34228 - longboat key
Lot Size Square Feet 0
Carport Y/N no
Listing Terms cash
Elementary School anna maria elementary
Land Lease Y/N no
Tax Annual Amount 7545.17
Middle/Junior High School martha b. king middle
Additional Parcels Y/N no
Lease Considered Y/N yes
Virtual Tour https://iplayerhd.co are m/player/b493a0b0-214d-4a52-b56e-b2c542979763
Building Area Units square feet
Living Area Units square feet
Standard Status active
Occupancy Type tenant
Tax Lot 0
Legal Description unit 4 seagrape inn condo pi#79973.0025/1
Water View gulf/ocean - partial
Water Access Type beach gulf/ocean
Minimum Lease 1-7 days
Water Access Y/N yes
Monthly Condo Fee Amount 2516
HOA Monthly Maintenance 0
Water View Y/N yes
Flood Zone Code ae
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Exterior
Exterior Amenities sliding doors
Vegetation mature landscaping
Parking Features assigned
Lot Features flood insurance required floodzone landscaped
Water Source public
Foundation Details slab
Building Area Total 1024
Lot Size Acres 0
Road Surface Type other
Private Pool no
Waterfront Y/N yes
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Internal Only
Street Number 1 5125
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* Excluded Features
List By
Michael Saunders & Company

Broker

bobbiebanan@michaelsaunders.com

Email

Affordability Calculator

$5,464
Per Month
88%
12%
0%
Monthly Principal & Interest
$4,835
Monthly Property Taxes
$629
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3326505 Elementary School
3324693 Middle School
Bayshore High High School
Pricing History
DatePricePrice ChangeDescription
9/25/2025$775,000 -7.74% Price Down
3/24/2025$840,000 Listed Price

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5125 GULF OF MEXICO DRIVE #4, Longboat Key, FL, 34228 is a Condo for sale at $775,000 with 961 sqft. 5125 GULF OF MEXICO DRIVE #4 has 2 bedrooms, 2.0 baths, and was built in 1983. The property's zip code is 34228 which is in Longboat Key, FL