new - 4 days on rocket

5311 Gulf Of Mexico Dr Unit 6, Longboat Key, FL, 34228

$865,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
2 Full Baths
1,110 SqFt
$779/SqFt
Condo

Location

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5311 Gulf Of Mexico Dr Unit 6, Longboat Key$865,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Year Built1973
HeatingCentral
CoolingCentral Air
WaterfrontBay, Gulf
ViewWater
Private PoolYes
MLS #A4632456
StatusActive

About 5311 Gulf Of Mexico Dr Unit 6

Unbelievable opportunity here now. Gulf front beauty in the over-the-top charming community of Beach Castle on Longboat Key. Nestled in the heart of Longboat Key in the coveted 5000 block with easy walking access to restaurants, shops, clubs, gyms, parks and much more. Updated 2 bed / 2 bath with beautiful Gulf Views right on the sand of some of the finest white powdery sand in the State of Florida. Open floor plan with kitchen overlooking the dining and family room. Oversized bedrooms with primary having sliders leading to lanai and capturing the Gulf View,. The guest bedroom has enough room for two full-size beds. The kitchen was improved with upgraded appliances, cabinetry, and granite countertops. The property is offered turnkey furnished. Beach Castle is zoned for Short Term Rental allowance. A rare allowance on Longboat Key. This property generated just over $58,000 in rental income for 2024 on less than 50% annual tenant occupancy. So good numbers on the books with room for improvement. Beach Castle, a beach-to-bay resort, is one of the few complexes on the island that is permitted for short term rental allowance. Make money, cover ownership expense and use at your leisure all combined. Centrally located in mid-Longboat Key and nearby hotspots & community activities and just a short drive to St. Armands Circle, Downtown Sarasota, Anna Maria Island, etc. The property is offered turnkey furnished. Beach Castle offers a heated pool, hot tub, BBQ grills, complimentary internet access by the pool, laundry facilities, fishing dock, shared boat docks (first-come, first-served basis with 26' boat limit), a place to launch your kayak, tennis courts available (at the neighboring property), bay access, private beach access with complimentary lounge chairs & umbrellas. This popular Key West-style boutique community has years of repeat renters with exquisitely landscaped grounds peppered with lush tropical color. Don't let this opportunity pass. Start living your dream today with a place to get away from it all, walk on the white sandy beaches, relish in the Florida sunshine AND own a profitable investment property.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1973
  • Stories: 2
  • Living Area: 1,110 SqFt

Listing Office:

  • Office Name: CENTURY 21 BEGGINS ENTERPRISES
  • Office Phone: (941) 387-8888
  • Listing Agent: Jesse Griffin

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator
  • Flooring Type: Ceramic Tile
  • Interior: Ceiling Fans(s), Kitchen/Family Room Combo, Open Floorplan, Thermostat, Window Treatments

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Waterfront: Bay, Gulf
  • View: Water
  • Exterior: Irrigation System, Lighting, Outdoor Grill, Rain Gutters, Sliding Doors

Virtual/3D Tour

  • Virtual Tour: 5311 Gulf Of Mexico Dr Unit 6
Virtual Tour

Lot Features

Lot Information:

  • Lot: Cleared

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Gulf of Mexico Dr. to 5000 Block. Turn West in Gulf side of Complex at 5311 Gulf of Mexico Dr.

Price Information

Listing Price Info

Price Summary:

  • List Price: $865,000
  • Price Per SqFt: $779/SqFt

HOA Fees:

  • Amount: $1499
  • Frequency: Monthly
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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

5311 Gulf Of Mexico Dr Unit 6 vs Longboat Key

4 DAYS ON ROCKET

-75 Days

$865,000

-$361.6K Less

$779/SqFt

+$59 More

KEY TAKEAWAY

This property is $361.6K less than the Median Sold Price and $59/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: #A4632456

Listing Office:

  • Office Name: CENTURY 21 BEGGINS ENTERPRISES
  • Office Phone: (941) 387-8888
  • Listing Agent: Jesse Griffin

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: 12/17/2024, 10:49:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$5,884

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,660

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-4302717
4
/10

  • Bayshore Elementary School

  • 6120 26th St W

  • 4.22 miles

  • Public District Grades PK-5

school-card-donut-4302718
4
/10

  • Sea Breeze Elementary School

  • 3601 71st St W

  • 4.40 miles

  • Public District Grades PK-5

school-card-donut-4302719
4
/10

  • H. S. Moody Elementary School

  • 5425 38th Ave W

  • 4.53 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 $107,407. The majority of Longboat Key, FL residents have income between $100k-200k annually. The majority of families are married, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5311 Gulf Of Mexico Dr Unit 6

What is the listing price of this property?

The listing price of 5311 Gulf Of Mexico Dr Unit 6 property is $865,000.

What type of property is this?

The property 5311 Gulf Of Mexico Dr Unit 6 is a condo located in Longboat Key, Florida, 34228.

Is this property for sale now?

Active Listing: 5311 Gulf Of Mexico Dr Unit 6 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 5311 Gulf Of Mexico Dr Unit 6 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 5311 Gulf Of Mexico Dr Unit 6 is 1,110 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5311 Gulf Of Mexico Dr Unit 6 is 1973.

Rocket Homes›Florida›Manatee County›Longboat Key›34228›5311 Gulf Of Mexico Dr Unit 6

This home is located at 5311 Gulf Of Mexico Dr Unit 6 in Longboat Key, FL and zip code 34228. This 1,110 square foot home was built in 1973. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 13, 2024 and is currently priced at $865,000.

In November 2024, from all listings sold in Longboat Key, FL there were more than 0 sold above asking price, over 15 sold below and more than 5 were sold right at the asked price. In November 2024 in Longboat Key, FL there were 19.7% more homes for sale than in October 2024. Listings spent 79 days on the market in November 2024, and had a median list price of $1,226,666 during the same period.

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

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