5125 GULF OF MEXICO DRIVE 7 Longboat Key, FL $ 975,000
5125 GULF OF MEXICO DRIVE 7
$ 975,000
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5125 GULF OF MEXICO DRIVE 7

Longboat Key, FL, 34228
$ 975,000
Bedrooms2 Baths2.0 Sq 961

Monthly Estimate*

$ 6,003

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Condo for sale in Longboat Key, FL

for $975,000 with 2 bedrooms and 2 full baths. This 961 square foot condo was built in 1983.

Nestled in the heart of Longboat Key, this exceptional two-bedroom, two-bathroom beachfront condo offers a rare blend of luxury, comfort, and high rental potential. Situated within the meticulously maintained Seagrape Inn, this turnkey furnished unit is an investor’s dream, boasting a potential gross annual revenue of $108,000 and a net operating income of $66,000. The Seagrape Inn's lush landscaping and upscale tropical ambiance create an idyllic setting along the stunning Gulf of Mexico, perfect for both personal enjoyment and income generation. Amenities at Seagrape Inn include a private entrance to each condo, a private heated pool, a private beach area with lounge chairs and umbrellas, on-site laundry and ice machine, upgraded Wi-Fi throughout the resort, cable TV, a gazebo with a gas BBQ grill, and beach towels and linens. Unit 7, perched on the second floor, provides breathtaking views of the ocean and the inviting pool below. Upon entry, the condo exudes sophistication, with a thoughtfully designed living space that seamlessly connects the living room, dining area, and upgraded kitchen. The kitchen, recently renovated to perfection, features new cabinets, countertops, recessed lighting, plumbing fixtures, and state-of-the-art appliances. The entire unit has been enhanced with new waterproof LVP flooring, fresh interior paint, and modern light fixtures, ensuring a contemporary and elegant aesthetic throughout. Both bedrooms are tastefully furnished, offering serene retreats after a day at the beach. The bathrooms have been completely remodeled, showcasing new vanities, tile work, shower doors, and plumbing fixtures. Step onto the screened balcony to savor unparalleled views of the ocean, pool, and lush greenery a perfect spot to relax and soak in the tranquil surroundings. Beyond the condo's exquisite interior, significant exterior improvements have been made, including the installation of hurricane windows and doors, new deck waterproofing, and exterior painting. The convenience of a designated parking spot adds to the property’s appeal. Located in a prime area of Longboat Key, this condo provides easy access to the beach, Gulf, and nearby restaurants and shops. Whether you're seeking a lucrative investment or a luxurious personal retreat, this beachfront condo offers an extraordinary opportunity to experience the best of coastal living in an unparalleled location.

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Condo Active

Price

$ 975,000

Bedrooms

2

Full Bath

2

Property Type

Condo

Taxes

$ 11,168

Style

Other

Year Built

1983

Town/City

Longboat Key

County/Region

Manatee

MLS | Web ID

N6141238

Features
General
Sewer Public Sewer
Heating Electric
Cooling Central Air
Utilities Cable Connected Electricity Connected Public Sewer Connected Water Connected
Roof Built-Up
Appliances Convection Oven Dishwasher Disposal Electric Water Heater Microwave Range Range Hood Refrigerator
Zoning R3MX
Association Fee Includes Community Pool Maintenance Structure Maintenance Grounds Manager Sewer Trash Water
Patio/Porch Features Screened
Architectural Style Other
Pool Features Gunite Heated Lighting Outside Bath Access
Construction Materials Block Stucco
Pets Allowed No
Year Built 1983
View Water
Levels One
Unit Number 7
Property Subtype Condominium
Tax Year 2024
Ownership Condominium
Waterfront Features Waterfront Gulf/Ocean
Community Features Water Access Waterfront Deed Restrictions Pool
County Manatee
New Construction false
Property Type Residential
Association Amenities Laundry Other Pool
Subdivision Name SEAGRAPE INN
Facing Direction South
Garage Y/N false
Total Rooms 8
Full Baths 2
Status Active
Directions From Sarasota: Drive from John Ringling Cswy and Gulf of Mexico Dr to Longboat Key. Turn left. Destination will be on the right.
High School Bayshore High
City LONGBOAT KEY
Body of Water GULF OF MEXICO
Association Name Wanda Hatfield
Senior Community Y/N false
MLS Area 34228 - Longboat Key
Lot Size Square Feet 0
Carport Y/N false
Listing Terms Cash Conventional Other
Elementary School Anna Maria Elementary
Land Lease Y/N false
Tax Annual Amount 11168
Home Warranty Y/N false
Middle/Junior High School Martha B. King Middle
Additional Parcels Y/N false
Lease Considered Y/N true
Virtual Tour https://tours.vtourhomes.com/seagrapeunit75125gulfofmexicodrlongboatkey?b=0 https://tours.vtourhomes.com/seagrapeunit75125gulfofmexicodrlongboatkey
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Tax Lot 7
Legal Description UNIT 7 SEAGRAPE INN CONDO PI#79973.0040/0
Water View Gulf/Ocean - Partial
Water Access Type Beach Gulf/Ocean to Bay
Minimum Lease 1-7 Days
Water Access Y/N true
Monthly Condo Fee Amount 2298
HOA Monthly Maintenance 0
Water View Y/N true
Flood Zone Code AE
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Interior
Interior Amenities Living Room/Dining Room Combo Open Floorplan Primary Bedroom Main Floor Thermostat
Flooring Tile
Furnished Y/N Turnkey
Total Stories 2
Common Walls Corner Unit End Unit
Air Conditioning Y/N true
Heating Y/N true
Window Features Blinds
Fireplace Y/N false
Half Baths 0
Laundry Features Outside
Total Bedrooms 2
Total Baths 2
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Exterior
Exterior Amenities Outdoor Grill
Vegetation Mature Landscaping
Parking Features Assigned
Lot Features City Lot Sidewalk
Water Source Public
Foundation Details Slab
Building Area Total 1024
Lot Size Acres 0
Road Surface Type Paved Asphalt
Private Pool false
Waterfront Y/N true
Road Frontage Type Street Paved
Road Responsibility Public Maintained Road
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* Excluded Features
List By
Keller Williams On The Water S

Broker

patrickbrogley@kw.com

Email

Affordability Calculator

$6,934
Per Month
87%
13%
0%
Monthly Principal & Interest
$6,003
Monthly Property Taxes
$931
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
0 Elementary School
0 Middle School
Bayshore High High School High School
Pricing History
DatePricePrice ChangeDescription
12/19/2025$975,000 Listed Price

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5125 GULF OF MEXICO DRIVE 7, Longboat Key, FL, 34228 is a Condo for sale at $975,000 with 961 sqft. 5125 GULF OF MEXICO DRIVE 7 has 2 bedrooms, 2.0 baths, and was built in 1983. The property's zip code is 34228 which is in Longboat Key, FL