4725 GULF OF MEXICO DR #212 Longboat Key, FL $ 499,000
4725 GULF OF MEXICO DR #212
$ 499,000
Price Reduced

4725 GULF OF MEXICO DR #212 Longboat Key, FL, 34228

$ 499,000
Bedrooms 2 Baths2.0 Sq 1,071

Monthly Estimate*

$ 1,935

How much can I afford?
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Condo for sale in Longboat Key, FL

for $499,000 with 2 bedrooms and 2 full baths. This 1,071 square foot condo was built in 1974 on a lot size of 4.93 Acre(s).

Perfect investment with a cap rate of almost 6 % in 2018 with 31 days owner use. This extensively updated condo has a kitchen with granite countertops and contemporary cabinets, fully updated bathrooms with granite, tile flooring throughout with sound insulation. New AC in 2017, new water heater Dec. 2018. This condo will surprise you with even a peak of the Gulf. The balcony is sizable and its square shape allows up to six to sit comfortably. It comes fully furnished and extremely well maintained. Sand Cay is a beautiful and immaculate Gulf-front beach resort with lush, tropical and illuminated landscaping, tennis court, pool, shuffleboard, a barbecue area at the beach and its own private beach with lounge chairs and showers. The condo also serves as a great investment since the association allows a three-night minimum stay and runs an on-site vacation rental management. This unit has an amazing rental history with lots of repeat customers. The net operating income in 2018, even with 31 days owner use, was $ 29, 557. Excellent online reviews. No need to worry about the future: The whole building went through an extensive reconstruction in 2008 and is very well prepared for the next decades to come. This included building anchoring, exterior walls, windows, doors, stairways, walkways and steel beams. The owner paid about $85, 000 special assessment! Additionally, in 2016 a new metal roof was installed. In order to avoid special assessments in the future a big share of the condo fees feeds a reserve fund.

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Condo Active

Price

$ 499,000

Bedrooms

2

Full Bath

2

Property Type

Condo

Taxes

$ 5,987

Lot Size

4.93 Acre(s)

Year Built

1974

Town/City

Longboat Key

County/Region

Manatee

MLS | Web ID

A4414979

Features
Room Sizes
Bedroom (12x10)
Kitchen (8x8)
Living Room (11x11)
Master Bedroom (13x11)
Interior
Appliances Dishwasher Disposal Microwave Range Refrigerator
Cooling System Ceiling Fan(s) Central Air
Flooring Tile Flooring
Furnished Yes
Heating System Central Heat Electric Hot Water Heater: Electric
Interior Blinds Window Treatments
Water Source Public Water
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Exterior
Community Amenities Elevator Laundry Facility Shuffleboard Swimming Pool(s) Tennis Court(s) Water Rights
Construction Stucco
Exterior Balcony Tennis Court(s)
Foundation Slab
Garage None
Lot Description Inside City Limits Level/Flat Wooded / Trees
Parking Parking Reserved Parking
Roof Metal
Waterfront Description Access Gulf
Zoning Flood Zone
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Miscellaneous
Association Fee Quarterly
Documents Deed Restrictions
Location Near Golf Course
Maintenance Fee Includes Cable/Dish Exterior Maintenance Insurance Pest Control Pool(s) Recreation Facilities Trash/Garbage Pickup
Other Water Access
Restrictions No Pets
Utilities Electric TV-Cable
View Garden View Gulf View Water View
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* Excluded Features
List By

Listing Agent

Premier Sothebys Intl Realty

Broker


Affordability

$ 2,434 per month
Get Pre-Approved
Monthly Principal & Interest
$1,935
Monthly Property Taxes
$499
Monthly Home Insurance
--

Default based on a 30-year fixed rate of 4.125% 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
Pricing History
DatePricePrice ChangeDescription
1/9/2019$499,000 -9.11 % Price Down
10/3/2018$549,000 Listed Price

Map


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4725 GULF OF MEXICO DR #212, Longboat Key, FL, 34228 is a Condo for sale at $499,000 with 1,071 sqft and a lot size of 4.93 Acre(s). 4725 GULF OF MEXICO DR #212 has 2 bedrooms, 2.0 baths, and was built in 1974. The property's zip code is 34228 which is in Longboat Key, FL