5125 GULF OF MEXICO DRIVE UNIT 7 LONGBOAT KEY FL 34228 MLS #A4616212

5125 GULF OF MEXICO DRIVE UNIT 7
LONGBOAT KEY, FL, 34228
$1,250,000
2 Beds
2 Baths
1,024 SqFt
0 Acres
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Exceptional Investment Opportunity: Turnkey Furnished Condo at Seagrape Inn** Discover an exceptional investment opportunity with this elegant, fully renovated, turnkey furnished condo in the exclusive boutique-style Seagrape Inn, a resort with only eight units. Nestled beachside on the beautiful Gulf of Mexico, the Seagrape Inn offers an idyllic setting for both personal use and rental income. Owners can enjoy unlimited personal usage while benefiting from a lucrative rental program managed by a professional on-site property manager, with no minimum rental restrictions. This condo promises potential annual revenue exceeding $106,000 currently, while still allowing ample personal use. The current owners have a profit and loss statement ready to share. The Seagrape Inn is meticulously maintained, featuring lush landscaping in an upscale tropical setting. Unit 7, located on the second floor, offers exceptional views of the ocean and pool. Relax on your screened lanai, enjoying the warm breeze with your morning coffee, afternoon cocktail, or a good book. Inside, the spacious open floor plan provides plenty of room to unwind, complete with all new, comfortable furniture and a flat-screen TV in the living area. The fully renovated interior boasts first-class materials and finishes throughout the entire space. Improvements made 2023/2024 include new luxury waterproof vinyl floors throughout, new interior paint, new doors and trim, a full kitchen renovation with new cabinets, granite countertops, and appliances. Both bathrooms have been fully renovated with new tiles, vanities, and showers. The primary bedroom features an inviting king-size bed, ample closet space, a flat-screen TV, and a recently remodeled bathroom. The second bedroom includes a queen-size bed, a flat-screen TV, and a recently remodeled bath as well. A new A/C unit was installed in 2021. This condo is sold fully turn-key furnished and, includes dedicated parking an owner’s locker, and is conveniently located near restaurants and shops. The complex recently installed hurricane windows and doors. Amenities at Seagrape Inn include: – Private Entrance to Each Condo – Private Heated Pool – Private Beach Area with Lounge Chairs & Umbrellas – On-Site Laundry & Ice Machine – Upgraded Wi-Fi throughout the Resort – Cable TV – Gazebo with Gas BBQ Grill – Beach Towels & Linens Enjoy the extremely private, quiet, and serene atmosphere of this lovely condo, the perfect getaway to relax and enjoy spectacular Gulf sunsets while creating new memories. Don’t miss this opportunity!

Property Details

Price:
$1,250,000
MLS #:
A4616212
Status:
Active
Beds:
2
Baths:
2
Address:
5125 GULF OF MEXICO DRIVE UNIT 7
Type:
Condo
Subtype:
Condominium
Subdivision:
SEAGRAPE INN
Neighborhood:
34228 – Longboat Key
City:
LONGBOAT KEY
Listed Date:
Jul 5, 2024
State:
FL
Finished Sq Ft:
1,024
Total Sq Ft:
1,024
ZIP:
34228
Year Built:
1983
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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, Disposal, Electric Water Heater, Microwave, Range Hood, Refrigerator
Bathrooms
2 Full Bathrooms
Cooling
Central Air
Flooring
Ceramic Tile, Luxury Vinyl
Heating
Central
Laundry Features
Other

Exterior

Architectural Style
Traditional
Community Features
Gulf/ Ocean Front, Waterfront, Association Recreation – Owned, Deed Restrictions, Pool
Construction Materials
Concrete, Stucco
Exterior Features
Balcony, Hurricane Shutters, Irrigation System, Lighting, Outdoor Grill, Sidewalk, Sliding Doors
Other Structures
Storage
Roof
Membrane

Financial

HOA Fee
$7,069
HOA Frequency
Quarterly
HOA Includes
Community Pool, Escrow Reserves Fund, Maintenance Structure, Maintenance Grounds, Maintenance Repairs, Manager, Sewer, Trash, Water
HOA Name
Seagrape Inn
Tax Year
2023
Taxes
$7,654

Map

Community

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