To schedule a showing of 2850 Gulf of Mexico Drive UNIT #5, Longboat Key, Florida, Call David Shippey at 863-521-4517 TODAY!

$348,000 | 1 beds | 1 full baths | N/A half baths | 657 sqft

$348,000 Reduced -$20,500
2850 Gulf of Mexico Drive UNIT #5
Longboat Key, FL 34228
  • 1Beds
  • 1.00Total Baths
  • 1 Full, 0 HalfBaths
  • 657SqFt
  • 1967Year Built
  • 0.00Acres
  • MLS# A4691701
  • Residential
  • Condominium
  • Active

  • Approx Time on Market1 month, 20 days
  • Area34228 - Longboat Key
  • CountySarasota
  • Subdivision Neptune On Longboat Key

Overview

Own your slice of paradise on Longboat Key with this charming 1-bedroom, 1-bath condo located at 2850 Gulf of Mexico Dr Unit 5. Just directly across from public beach access, this 657 sq ft ground-floor unit is perfectly positioned for both personal enjoyment and strong rental income potential. Whether you're seeking a low-maintenance vacation escape or an income-generating property, this location checks all the boxes. Walk across the street to watch sunset on the sand, then stroll to Publix, Bayfront Park's tennis & pickleball courts, the library, or one of the islands cozy dining spots. Everything your guestsor youcould want is right at your doorstep. The unit features a bright, open living space with tile flooring, a spacious bedroom, walk-in closet and parking. The well-maintained community offers low HOA fees and a relaxing island vibe that keeps guests coming back. Dont miss out on this rare opportunity to own on Longboat Keywhether you're investing in your future or your lifestyle.



Agriculture / Farm

Association Fees / Info

Community Features:  None, StreetLights

Pets Allowed:  CatsOk, DogsOk, Yes

Hoa Fees Frequency:  Quarterly

Association Fee Includes:  AssociationManagement, CommonAreas, Electricity, Insurance, MaintenanceGrounds, MaintenanceStructure, PestControl, ReserveFund, Taxes, Trash, Water

Hoa Fees:  1500

Bathroom Info

Total Baths:  1.00

Fullbaths:  1

Building Info

Window Features:  InsulatedWindows, Shutters, WindowTreatments

Roof:  BuiltUp

Building Area Source:  PublicRecords

Buyer Compensation

Exterior Features

Style:  Florida

Patio:  Porch, Screened

Exterior Features:  Other

Fees / Restrictions

Financial

Original Price:  $368,500

Disclosures:  FloodPlainDisclosure

Garage / Parking

Parking Features:  Common

Green / Env Info

Interior Features

Floors:  Tile

Levels:  One

Laundry Features:  CommonArea, Inside

Interior Features:  CrownMolding, MainLevelPrimary, OpenFloorplan, WalkInClosets, WindowTreatments

Appliances:  BuiltInOven, Cooktop, Dishwasher, ElectricWaterHeater, Freezer, IceMaker, Microwave, Refrigerator, Washer

Lot Info

Direction Remarks:  From St. Armands Circle, head north on Gulf of Mexico Dr (Sr789). Continue approximately 7 miles. Property is on the right, just past the Publix Shopping Center and the Longboat Key Library.

Lot Size Units:  Acres

Lot Desc:  CityLot, FloodZone, NearGolfCourse, OutsideCityLimits, NearPublicTransit

Misc

Other

Special Conditions:  None

Security Features:  SmokeDetectors

Other Rooms Info

Property Info

Section:  07

Class Type:  Condominium

Property Sub Type:  Condominium

Property Condition:  NewConstruction

Construction Materials:  Block

Stories:  1

Total Stories:  2

Foundation:  Slab

Human Modified:  Yes

Room Info

Total Rooms:  3

Sqft Info

Sqft:  657

Bulding Area Sqft:  700

Living Area Units:  SquareFeet

Living Area Source:  PublicRecords

Tax Info

Tax Year:  2,025

Tax Legal Description:  UNIT 5, NEPTUNE ON LONGBOAT KEY

Tax Annual Amount:  4600.84

Unit Info

Unit:  5

Utilities / Hvac

Heating:  Electric

Water Source:  Public

Sewer:  PublicSewer

Cool System:  CentralAir

Cooling:  Yes

Heating:  Yes

Utilities:  ElectricityAvailable, ElectricityConnected, MunicipalUtilities, WaterAvailable, WaterConnected

Waterfront / Water

Waterfront Features:  BeachAccess

Schools

Elem:  Southside Elementary

Middle:  Booker Middle

High:  Booker High

Directions

From St. Armands Circle, head north on Gulf of Mexico Dr (Sr789). Continue approximately 7 miles. Property is on the right, just past the Publix Shopping Center and the Longboat Key Library.

This listing courtesy of Michael Saunders & Company 

Mortgage Calculator

%
$
%
Dollars per $1000
$
Approximate Monthly Payment 0.0
Price & Status History (on davidshippey.com since Wed, Apr 29th 2026)
  • Original Price: $368,500
  • Current Price: $348,000
  • Price Reduced: $20,500
Date ChangedFromTo
05/29/2026$368,500 $348,000 Reduced by $20,500

Broker Reciprocity The information being provided by © 2026 My Florida Regional MLS DBA Stellar MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the My Florida Regional MLS DBA Stellar MLS. XCELLENCE is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of XCELLENCE, a broker participant of My Florida Regional MLS DBA Stellar MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. MLS IDX data last updated on 06-19-2026 9:15 AM EST.

Any images related to data from the MLS is the sole property of the MLS and not the responsibility of the owner of this website. This real estate website and IDX data is hosted by IDX data is Powered & Hosted by Dynamic IDX, LLC Real Estate Web Solutions

If you have any questions on 2850 Gulf of Mexico Drive UNIT #5, Longboat Key, Florida, please call David Shippey at 863-521-4517.


MLS# A4691701 located at 2850 Gulf of Mexico Drive UNIT #5, Longboat Key, Florida is brought to you by David Shippey REALTOR®

2850 Gulf of Mexico Drive UNIT #5, Longboat Key, Florida has 1 Beds, 1 Full Bath, and 0 Half Bath.
The MLS Number for 2850 Gulf of Mexico Drive UNIT #5, Longboat Key, Florida is A4691701.
The price for 2850 Gulf of Mexico Drive UNIT #5, Longboat Key, Florida is $348,000.
The status of 2850 Gulf of Mexico Drive UNIT #5, Longboat Key, Florida is Active.
The subdivision of 2850 Gulf of Mexico Drive UNIT #5, Longboat Key, Florida is Neptune On Longboat Key.
The home located at 2850 Gulf of Mexico Drive UNIT #5, Longboat Key, Florida was built in 2026.