2850 GULF OF MEXICO DR #5 Longboat Key, FL $ 398,000
2850 GULF OF MEXICO DR #5
$ 398,000
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2850 GULF OF MEXICO DR #5

Longboat Key, FL, 34228
$ 398,000
Bedrooms1 Baths1.0 Sq 657

Monthly Estimate*

$ 2,483

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Condo for sale in Longboat Key, FL

for $398,000 with 1 bedroom and 1 full bath. This 657 square foot condo was built in 1967.

Turnkey Vacation Getaway or Smart Investment Opportunity! Own your slice of paradise on Longboat Key with this charming 1-bedroom, 1-bath condo located at 2850 Gulf of Mexico Dr Unit 5. Just directly across from public beach access, this 657 sq ft ground-floor unit is perfectly positioned for both personal enjoyment and strong rental income potential. Whether you're seeking a low-maintenance vacation escape or an income-generating property, this location checks all the boxes. Walk across the street to watch sunset on the sand, then stroll to Publix, Bayfront Park's tennis & pickleball courts, the library, or one of the island’s cozy dining spots. Everything your guests—or you—could want is right at your doorstep. The unit features a bright, open living space with tile flooring, a spacious bedroom, walk-in closet and parking. The well-maintained community offers low HOA fees and a relaxing island vibe that keeps guests coming back. Don’t miss out on this rare opportunity to own on Longboat Key—whether you're investing in your future or your lifestyle.

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Condo Active

Price

$ 398,000

Bedrooms

1

Full Bath

1

Property Type

Condo

Taxes

$ 4,361

Style

Condominium

Year Built

1967

Town/City

Longboat Key

County/Region

Manatee

MLS | Web ID

A4660349

Features
Interior
Interior Amenities crown molding open floorplan primary bedroom main floor walk-in closet(s) window treatments
Flooring tile
Total Stories 2
Air Conditioning Y/N yes
Heating Y/N yes
Window Features insulated windows shutters
Fireplace Y/N no
Half Baths 0
Laundry Features common area inside
Total Bedrooms 1
Total Baths 1
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General
Sewer public sewer
Heating electric
Cooling central air
Utilities electricity available electricity connected public street lights water available water connected
Roof built-up
Appliances built-in oven cooktop dishwasher electric water heater freezer ice maker microwave refrigerator washer
Zoning r2sf
Association Fee Includes common area taxes electricity escrow reserves fund insurance maintenance structure maintenance grounds maintenance repairs manager pest control trash water
Security Features smoke detector(s) touchless entry
Construction Materials block
Pets Allowed cats ok dogs ok yes
Year Built 1967
Levels one
Unit Number 5
Property Subtype condominium
Tax Year 2024
Ownership condominium
Community Features community mailbox
County sarasota
New Construction no
Property Type residential
HOA Y
Attached Garage no
Subdivision Name neptune on longboat key
Facing Direction east
Garage Y/N no
Total Rooms 3
Full Baths 1
Status active
Directions from st. armands circle head north on gulf of mexico drive (sr 789) continue approximately 7 miles. property is on the right just past the publix shopping center and the longboat key library.
High School booker high
City longboat key
Association Name rachel brown
Senior Community Y/N no
MLS Area 34228 - longboat key
Lot Size Square Feet 0
Carport Spaces 2
Carport Y/N no
Listing Terms cash conventional
Elementary School southside elementary
Property Attached Y/N no
Land Lease Y/N no
Tax Annual Amount 4361
Home Warranty Y/N no
Middle/Junior High School booker middle
Property Condition completed
Additional Parcels Y/N no
Lease Considered Y/N yes
Virtual Tour https://www.propertypanorama.com/instaview/stellar/a4660349
Building Area Units square feet
Living Area Units square feet
Standard Status active
Occupancy Type owner
Tax Lot 0
Legal Description 5 neptune on longboat key
Water Access Type beach
Minimum Lease 1 month
Water Access Y/N yes
Monthly Condo Fee Amount 500
HOA Monthly Maintenance 0
Additional Rooms storage rooms
Water View Y/N no
Flood Zone Code ae
DockY/N no
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Exterior
Exterior Amenities sliding doors
Parking Features common
Water Source public
Foundation Details slab
Spa no
Building Area Total 700
Lot Size Acres 0
Road Surface Type asphalt
Private Pool no
Waterfront Y/N no
Covered Spaces 2
Road Responsibility public maintained road
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Internal Only
Street Number 1 2850
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* Excluded Features
List By
Michael Saunders & Company

Broker

eddiecampbell@michaelsaunders.com

Email

Affordability Calculator

$2,846
Per Month
87%
13%
0%
Monthly Principal & Interest
$2,483
Monthly Property Taxes
$363
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
3324930 Elementary School
265039 Middle School
Booker High High School
Pricing History
DatePricePrice ChangeDescription
9/5/2025$398,000 -3.86% Price Down
8/15/2025$414,000 -2.36% Price Down
7/31/2025$424,000 Listed Price

Map


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2850 GULF OF MEXICO DR #5, Longboat Key, FL, 34228 is a Condo for sale at $398,000 with 657 sqft. 2850 GULF OF MEXICO DR #5 has 1 bedrooms, 1.0 baths, and was built in 1967. The property's zip code is 34228 which is in Longboat Key, FL