A truly unprecedented and rare opportunity awaits on Longboat Key with this remarkable vacant land, the only available parcel of its size offering 2.08 acres on the Bay side with deeded beach access that leads you to the pristine white-sand beaches and inviting waters of the Gulf of Mexico. Currently divided into three parcels, this property adjoins a 30+ acre nature preserve, ensuring tranquility and unrivaled panoramic views. Imagine building your dream home here, with a second story boasting sweeping views of the nature preserve and Sarasota Bay. This exceptional acreage combines privacy, tranquility, natural beauty, and a unique slice of paradise on Longboat Key. The proposed site plan allows for seven buildable lots offering endless possibilities for creating a family compound with space for multiple homes to sell or rent. Longboat Key is famed for its 12 miles of pristine white-sand beaches, opulent resorts, waterfront golf courses, fine dining establishments, grand estates and luxurious multi-million dollar condominiums. Within a short distance of 1-2 blocks, you’ll find a variety of restaurants offering diverse culinary experiences. Imagine strolling to the beach from your future custom-built residence, which boasts coveted water access and is situated in one of Florida’s most desirable and prestigious zip codes. The central location provides easy access to world-famous shopping at St. Armands Circle and the vibrant arts and culture scene of downtown Sarasota. This is a dream opportunity for those seeking great views, privacy, tranquility and a unique slice of paradise on Longboat Key. The adjacent 1.06-acres offers a stunning 6,000 Sq Ft Contemporary Bay front home with panoramic views of the Sarasota Bay and the 30-acre nature preserve. This home is offered at $6.9M (5444 Gulf of Mexico Drive /ML # A4615831). The total estate is 3.16-acres and includes the 6,000 Sq Ft home (1.06-Acres) and the vacant land (2.08-Acres), which includes the entire subdivision allowing for 8 new homes can be purchased for $13.8M.
Directions: From St Armands Circle, go north on Gulf of Mexico Drive to 5440. Property has a green mailbox that says 5444 and the entrance is on the Bay side of the road between two white stucco walls right after the Center Shops and before the police station. Driveway is approximately 1200 feet.
Price Information
Listing Price Info
Price Summary:
List Price: $6,900,000
Tax Information:
Annual Amount: $6,603
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Longboat Key, FL.
This property is $5.6M more than the Median Sold Price in Longboat Key, FL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MFRMLS
MLS Number: #A4616489
Listing Office:
Office Name: COLDWELL BANKER REALTY
Office Phone: (941) 383-6411
Listing Agent: Tracey Stetler
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.
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: 12/21/2024, 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
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$6,603
$461,310
2018
$6,125
$427,776
History based on county public records data.
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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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Bayshore Elementary School
6120 26th St W
Distance between this listing and this school4.35 miles
Public District Grades PK-5
4
/10
Sea Breeze Elementary School
3601 71st St W
Distance between this listing and this school4.38 miles
Public District Grades PK-5
4
/10
H. S. Moody Elementary School
5425 38th Ave W
Distance between this listing and this school4.54 miles
Public District Grades PK-5
Nearby Schools
2
/10
Electra Arcotte Lee Middle School
4000 53rd Ave W
Distance between this listing and this school4.20 miles
Public Magnet Grades 6-8
2
/10
W. D. Sugg Middle School
3801 59th St W
Distance between this listing and this school4.62 miles
Public District Grades 6-8
8
/10
Oasis Middle School
6417 3rd Ave W
Distance between this listing and this school6.22 miles
Public Charter Grades 6-8
Nearby Schools
8
/10
State College of Florida Collegiate School
5840 26th St W
Distance between this listing and this school4.48 miles
Public Charter Grades 6-12
2
/10
Bayshore High School
5401 34th St W
Distance between this listing and this school4.50 miles
Public District Grades 9-12
4
/10
Manatee High School
902 33rd Street Ct W
Distance between this listing and this school6.71 miles
The neighbors living near this home have an average income of $107,407. Most Longboat Key, FL residents have annual incomes between $100k-200k. Most families are married, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 5440 Gulf Of Mexico Dr
What is the listing price of this property?
The listing price of 5440 Gulf Of Mexico Dr property is $6,900,000.
What type of property is this?
The property 5440 Gulf Of Mexico Dr is land located in Longboat Key, Florida, 34228.
Is this property for sale now?
Active Listing: 5440 Gulf Of Mexico Dr 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 $6,603 (source: MLS/based on county public records data).
How much acreage is this property?
The property 5440 Gulf Of Mexico Dr is 2.08 acres.
Interested in 5440 Gulf Of Mexico Dr? Let's connect.
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This home is located at 5440 Gulf Of Mexico Dr in Longboat Key, FL and zip code 34228. This home sits on a 2.08 acre lot. It has been listed on Rocket Homes since July 09, 2024 and is currently priced at $6,900,000.
In November 2024 more than 0 listings in Longboat Key, FL were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 15 were sold below. In November 2024 in Longboat Key, FL there were 19.7% more homes for sale than in October 2024. While the average time on the market in November 2024 was 79 days, the median list price was $1,226,666.
From Rocket Homes Real Estate and based on county public records data.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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.
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