5311 GULF OF MEXICO DRIVE UNIT 3 LONGBOAT KEY FL 34228 MLS #A4604824

5311 GULF OF MEXICO DRIVE UNIT 3
LONGBOAT KEY, FL, 34228
$1,350,000
2 Beds
2 Baths
1,028 SqFt
1.01 Acres
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Welcome to your own piece of paradise right on the shores of Longboat Key! This is a rare opportunity for an owner/investor to enjoy all that Longboat Key has to offer while maximizing rental profits with daily rentals! Take in the bright blue waters through the sliding glass doors as soon as you step in to the two-bedroom two-bathroom 1,028 square foot space. This turnkey, furnished unit is clean and well maintained with tile floors throughout. The kitchen offers an open space with updated appliances and sparkling granite countertops. The primary suite offers an en-suite bathroom and opens up to the screened in lanai with water views of the gulf. The second bedroom also offers an en-suite bathroom with two queen beds and extra space for guests. Beach Castle Resort offers a bay to gulf property, with a heated swimming pool and spa on the bay side, including a community dock and kayak launch. The gulf side of the complex offers a BBQ grille, separate laundry room, and provides beach chairs and umbrellas for use on the sandy beach. Beach Castle’s rental policy accommodates minimum 1 to 7 day tenancies, with in-house property management provided by RVA. Seller reports revenue of $142,000 in 2023. Owners and tenants alike are able to use Cedar’s amenities and overflow parking just up the road which includes a junior Olympic pool, ten lighted tennis courts, 24/7 fitness center and bicycles. Beach Castle Resort is pet friendly for an owner’s small dog. Right in the middle of LBK, in close proximity to restaurants, St. Armand’s circle and downtown Sarasota. Part time or full time, this opportunity provides flexibility to enjoy the beach life!

Property Details

Price:
$1,350,000
MLS #:
A4604824
Status:
Active
Beds:
2
Baths:
2
Address:
5311 GULF OF MEXICO DRIVE UNIT 3
Type:
Single Family
Subtype:
Condo – Hotel
Subdivision:
MCCALLS BEACH CASTLE
City:
LONGBOAT KEY
Listed Date:
Mar 26, 2024
State:
FL
Finished Sq Ft:
1,028
ZIP:
34228
Lot Size:
44,121 sqft / 1.01 acres (approx)
Year Built:
1973
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Schools

Elementary School:
Anna Maria Elementary
Middle School:
Martha B. King Middle
High School:
Bayshore High

Interior

Appliances
Convection Oven, Dishwasher, Microwave, Refrigerator
Bathrooms
2 Full Bathrooms
Cooling
Central Air
Flooring
Tile
Heating
Central
Laundry Features
Common Area

Exterior

Architectural Style
Florida
Community Features
Bay/ Harbor Front, Dock, Gulf/ Ocean Front, Water Access, Fitness Center, Pool, Tennis Court(s)
Construction Materials
Stucco
Exterior Features
Outdoor Grill, Sidewalk, Tennis Court(s)
Other Structures
Tennis Court(s)
Parking Features
Off Street
Roof
Concrete

Financial

Buyer Agent Compensation
3%%
HOA Fee
$1,302
HOA Frequency
Monthly
Tax Year
2023
Taxes
$12,052

Map

Community

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5311 GULF OF MEXICO DRIVE UNIT 3
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