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1055 Gulf Of Mexico Dr Unit 504, Longboat Key, FL, 34228

$1,525,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
2 Full Baths
1,503 SqFt
$1,015/SqFt
Condo

Location

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1055 Gulf Of Mexico Dr Unit 504, Longboat Key$1,525,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned
Year Built1981
HeatingCentral, Electric
CoolingCentral Air
WaterfrontGulf
ViewWater
MLS #A4632894
StatusActive

About 1055 Gulf Of Mexico Dr Unit 504

Beachfront Retreat with spectacular sunsets and unobstructed views of the Gulf of Mexico. Experience coastal living at it's finest in this beautifully decorated fifth floor residence, with a private balcony for viewing year round sunsets, pristine beaches and swimming dolphins. This home away from home turnkey retreat is fully furnished and ready for a getaway vacation or luxury rental. It has a fully equipped kitchen with granite countertops, recessed lighting and a breakfast bar. Additional highlights include new impact windows and doors, new HVAC system, porcelain tile flooring throughout, up-dated bathrooms, granite countertops and white cabinetry, shower/tub in guest bath and glass enclosed shower in the primary suite. This property is being sold turn-key furnished with secured rentals already in place for the upcoming season. Beachplace offers an array of exceptional amenities, including a Jr. Olympic sized swimming pool with swim lanes, a splash pool, a hot tub, a fitness center, a grilling area, tennis and pickleball courts, an EV charging station, and 24-hour security. Don't miss the opportunity to own this incredible beachfront residence with unmatched rental income.

Property Details

Property Features

Property Information:

  • Architectural Style: Mid-Century Modern
  • Year Built: 1981
  • Stories: 1
  • Living Area: 1,503 SqFt

Listing Office:

  • Office Name: COLDWELL BANKER REALTY
  • Office Phone: (941) 383-6411
  • Listing Agent: Maggie Hicks

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Ice Maker, Microwave, Range, Washer
  • Flooring Type: Ceramic Tile
  • Interior: Eat-in Kitchen, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Split Bedroom, Window Treatments

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Gulf
  • View: Water
  • Exterior: Balcony, Irrigation System, Lighting, Sidewalk, Sliding Doors, Tennis Court(s)

Parking Information:

  • Parking: Assigned

Lot Features

Lot Information:

  • Lot: Flood Zone, Near Golf Course, Sidewalk, Paved

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Gulf of Mexico Drive to Beachplace turn west. Building 8 will be to your left after the guard gate, park in guest parking.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,525,000
  • Price Per SqFt: $1,015/SqFt

HOA Fees:

  • Amount: $1577
  • Frequency: Quarterly

Tax Information:

  • Annual Amount: $10,307
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Longboat Key, FL.

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Longboat Key, FL

City

Med. Sold Price

$1.2M

Med. Price/SqFt

$720

Avg. Days On Market

79

# of Sold Homes

20

1055 Gulf Of Mexico Dr Unit 504 vs Longboat Key

1 DAY ON ROCKET

-78 Days

$1,525,000

+$298.3K More

$1,015/SqFt

+$295 More

KEY TAKEAWAY

This property is $298.3K more than the Median Sold Price and $295/SqFt more than other homes in Longboat Key, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #A4632894

Listing Office:

  • Office Name: COLDWELL BANKER REALTY
  • Office Phone: (941) 383-6411
  • Listing Agent: Maggie Hicks

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/23/2024, 11:19:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 04, 1999Home Sold
$453,000

Tax History

YEARPROP. TAXASSESSMENT
2020$10,307$633,700
2019$10,676$716,400
2018$10,307$686,200
2017$9,514$626,100

History based on county public records data.

Payment Calculator

$8,204

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,639

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1183563
7
/10

  • Bay Haven School of Basics Plus

  • 2901 W Tamiami Cir

  • 3.45 miles

  • Public Magnet Grades KG-5

school-card-donut-1183564
4
/10

  • Emma E. Booker Elementary School

  • 2350 Dr Martin Luther King Way

  • 5.05 miles

  • Public District Grades PK-5

school-card-donut-1183565
10
/10

  • Southside Elementary School

  • 1901 Webber St

  • 5.12 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $103,963. The most common annual income of people living in Longboat Key, FL is less than $35k. Most families are married, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1055 Gulf Of Mexico Dr Unit 504

What is the listing price of this property?

The listing price of 1055 Gulf Of Mexico Dr Unit 504 property is $1,525,000.

What type of property is this?

The property 1055 Gulf Of Mexico Dr Unit 504 is a condo located in Longboat Key, Florida, 34228.

Is this property for sale now?

Active Listing: 1055 Gulf Of Mexico Dr Unit 504 is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $10,307 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on May 4, 1999 for $453,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1055 Gulf Of Mexico Dr Unit 504 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 1055 Gulf Of Mexico Dr Unit 504 is 1,503 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1055 Gulf Of Mexico Dr Unit 504 is 1981.

Rocket Homes›Florida›Manatee County›Longboat Key›34228›1055 Gulf Of Mexico Dr Unit 504

This home is located at 1055 Gulf Of Mexico Dr Unit 504 in Longboat Key, FL and zip code 34228. This 1,503 square foot home was built in 1981. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 22, 2024 and is currently priced at $1,525,000.

While more than 0 listings in Longboat Key, FL in November 2024 were sold above asking price, there were more than 5 listings sold at asking price, and more than 15 were sold below. The number of homes for sale in Longboat Key, FL increased by 19.7% between October 2024 and November 2024. In November 2024, listings were on the market for 79 days. During the same period, the median list price in this real estate market was $1,226,666.

From Rocket Homes Real Estate and based on county public records data.

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