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2850 GULF OF MEXICO DRIVE 5 Longboat Key, FL $ 368,500
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2850 GULF OF MEXICO DRIVE 5
$ 368,500
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2850 GULF OF MEXICO DRIVE 5

Longboat Key, FL, 34228
$ 368,500
Bedrooms1 Baths1.0 Sq 657

Monthly Estimate*

$ 2,269

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Condo for sale in Longboat Key, FL

for $368,500 with 1 bedroom and 1 full bath. This 657 square foot condo was built in 1967.

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

$ 368,500

Bedrooms

1

Full Bath

1

Property Type

Condo

Taxes

$ 4,600

Style

Florida

Year Built

1967

Town/City

Longboat Key

County/Region

Manatee

MLS | Web ID

A4691701
Features
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
Patio/Porch Features Porch Screened
Architectural Style Florida
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 2025
Ownership Fee Simple
Community Features None
County Sarasota
New Construction false
Property Type Residential
Attached Garage false
Subdivision Name NEPTUNE ON LONGBOAT KEY
Facing Direction East
Garage Y/N false
Total Rooms 3
Full Baths 1
Status Active
Directions From St. Armands Circle head north on Gulf of Mexico Dr (Sr789). 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 Rachael Brown
Senior Community Y/N false
MLS Area 34228 - Longboat Key
Lot Size Units Square Feet
Lot Size Square Feet 0
Carport Y/N false
Listing Terms Cash Conventional
Elementary School Southside Elementary
Property Attached Y/N false
Land Lease Y/N false
Tax Annual Amount 4600.84
Home Warranty Y/N false
Middle/Junior High School Booker Middle
Property Condition Completed
Additional Parcels Y/N false
Lease Considered Y/N true
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Vacant
Tax Lot 0
Legal Description UNIT 5 NEPTUNE ON LONGBOAT KEY
Water Access Type Beach
Minimum Lease 1 Month
Water Access Y/N true
Monthly Condo Fee Amount 500
HOA Monthly Maintenance 0
Additional Rooms Storage Rooms
Water View Y/N false
Flood Zone Code AE
DockY/N false
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Interior
Interior Amenities Crown Molding Open Floorplan Primary Bedroom Main Floor Walk-In Closet(s) Window Treatments
Flooring Tile
Furnished Y/N Turnkey
Total Stories 2
Air Conditioning Y/N true
Heating Y/N true
Window Features Insulated Windows Shutters
Fireplace Y/N false
Half Baths 0
Laundry Features Common Area Inside
Total Bedrooms 1
Total Baths 1
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Exterior
Exterior Amenities Other
Parking Features Common
Lot Features FloodZone City Lot In County Near Golf Course Near Marina Near Public Transit
Water Source Public
Lot Size Area 0
Foundation Details Slab
Spa false
Building Area Total 700
Lot Dimensions 0
Lot Size Acres 0
Road Surface Type Asphalt
Private Pool false
Waterfront Y/N false
Road Responsibility Public Maintained Road
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* Excluded Features
List By
Michael Saunders & Company

Broker

JoDeneMoneuse@michaelsaunders.com

Email

Affordability Calculator

$2,652
Per Month
86%
14%
0%
Monthly Principal & Interest
$2,269
Monthly Property Taxes
$383
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
Booker High High School High School
Pricing History
DatePricePrice ChangeDescription
4/29/2026$368,500 Listed Price

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2850 GULF OF MEXICO DRIVE 5, Longboat Key, FL, 34228 is a Condo for sale at $368,500 with 657 sqft. 2850 GULF OF MEXICO DRIVE 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

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