David Shippey
863.521.4517

5125 Gulf of Mexico Drive UNIT #7 Longboat Key Florida | Home for Sale

To schedule a showing of 5125 Gulf of Mexico Drive UNIT #7, Longboat Key, Florida, Call David Shippey at 863-521-4517 TODAY!

$975,000 No Recent Price Change
5125 Gulf of Mexico Drive UNIT #7
Longboat Key, FL 34228
  • 2Beds
  • 2.00Total Baths
  • 2 Full, 0 HalfBaths
  • 961SqFt
  • 1983Year Built
  • 0.00Acres
  • MLS# N6136477
  • Residential
  • Condominium
  • Active

  • Approx Time on Market6 months, 8 days
  • Area34228 - Longboat Key
  • CountyManatee
  • Subdivision Seagrape Inn

Overview

Nestled in the heart of Longboat Key, this exceptional two-bedroom, two-bathroom beachfront condo offers a rare blend of luxury, comfort, and high rental potential. Situated within the meticulously maintained Seagrape Inn, this turnkey furnished unit is an investors dream, boasting a potential gross annual revenue of $108,000 and a net operating income of $66,000. The Seagrape Inn's lush landscaping and upscale tropical ambiance create an idyllic setting along the stunning Gulf of Mexico, perfect for both personal enjoyment and income generation. Amenities at Seagrape Inn include a private entrance to each condo, a private heated pool, a private beach area with lounge chairs and umbrellas, on-site laundry and ice machine, upgraded Wi-Fi throughout the resort, cable TV, a gazebo with a gas BBQ grill, and beach towels and linens.Unit 7, perched on the second floor, provides breathtaking views of the ocean and the inviting pool below. Upon entry, the condo exudes sophistication, with a thoughtfully designed living space that seamlessly connects the living room, dining area, and upgraded kitchen. The kitchen, recently renovated to perfection, features new cabinets, countertops, recessed lighting, plumbing fixtures, and state-of-the-art appliances. The entire unit has been enhanced with new waterproof LVP flooring, fresh interior paint, and modern light fixtures, ensuring a contemporary and elegant aesthetic throughout.Both bedrooms are tastefully furnished, offering serene retreats after a day at the beach. The bathrooms have been completely remodeled, showcasing new vanities, tile work, shower doors, and plumbing fixtures. Step onto the screened balcony to savor unparalleled views of the ocean, pool, and lush greenerya perfect spot to relax and soak in the tranquil surroundings.Beyond the condo's exquisite interior, significant exterior improvements have been made, including the installation of hurricane windows and doors, new deck waterproofing, and exterior painting. The convenience of a designated parking spot adds to the propertys appeal.Located in a prime area of Longboat Key, this condo provides easy access to the beach, Gulf, and nearby restaurants and shops. Whether you're seeking a lucrative investment or a luxurious personal retreat, this beachfront condo offers an extraordinary opportunity to experience the best of coastal living in an unparalleled location.



Agriculture / Farm

Association Fees / Info

Community Features:  Pool, Waterfront, WaterAccess, Sidewalks

Pets Allowed:  No

Senior Community:  No

Hoa Fees Frequency:  Monthly

Association:  Yes

Association Amenities:  Laundry, Other, Pool

Association Fee Includes:  AssociationManagement, MaintenanceGrounds, MaintenanceStructure, Pools, Sewer, Trash, Water

Hoa Fees:  2516

Bathroom Info

Total Baths:  2.00

Fullbaths:  2

Building Info

Window Features:  Blinds

Roof:  BuiltUp

Building Area Source:  PublicRecords

Buyer Compensation

Exterior Features

Style:  Other

Pool Features:  Gunite, Heated, OutsideBathAccess, Association, Community

Patio:  Screened

Pool Private:  No

Exterior Features:  OutdoorGrill

Fees / Restrictions

Financial

Original Price:  $1,020,000

Disclosures:  CovenantsRestrictionsDisclosure

Garage / Parking

Open Parking:  No

Parking Features:  Assigned

Attached Garage:  No

Garage:  No

Carport:  No

Green / Env Info

Interior Features

Fireplace:  No

Floors:  Tile

Levels:  One

Spa:  No

Laundry Features:  Outside

Interior Features:  LivingDiningRoom, MainLevelPrimary, OpenFloorplan

Appliances:  ConvectionOven, Dishwasher, ElectricWaterHeater, Disposal, Microwave, Range, Refrigerator, RangeHood

Lot Info

Direction Remarks:  From Sarasota: Drive from John Ringling Cswy and Gulf of Mexico Dr to Longboat Key. Turn left. Destination will be on the right.

Lot Size Units:  Acres

Lot Desc:  CityLot, Landscaped

Misc

Other

Special Conditions:  None

Other Rooms Info

Property Info

Section:  25

Class Type:  Condominium

Property Sub Type:  Condominium

Property Attached:  No

New Construction:  No

Construction Materials:  Block, Stucco

Stories:  1

Total Stories:  2

Foundation:  Slab

Human Modified:  Yes

Room Info

Total Rooms:  8

Sqft Info

Sqft:  961

Bulding Area Sqft:  1,024

Living Area Units:  SquareFeet

Living Area Source:  PublicRecords

Tax Info

Tax Year:  2,024

Tax Lot:  7

Tax Legal Description:  UNIT 7 SEAGRAPE INN CONDO PI#79973.0040/0

Tax Annual Amount:  11168

Tax Book Number:  976-1255

Unit Info

Unit:  7

Utilities / Hvac

Heating:  Electric

Water Source:  Public

Sewer:  PublicSewer

Cool System:  CentralAir

Cooling:  Yes

Heating:  Yes

Utilities:  CableConnected, ElectricityConnected, MunicipalUtilities, SewerConnected, WaterConnected

Waterfront / Water

Waterfront:  Yes

Waterfront Features:  BeachAccess, OceanAccess

View:  Yes

Water Body Name:  GULF OF MEXICO

View:  Ocean, Water

Schools

Elem:  Anna Maria Elementary

Middle:  Martha B. King Middle

High:  Bayshore High

Directions

From Sarasota: Drive from John Ringling Cswy and Gulf of Mexico Dr to Longboat Key. Turn left. Destination will be on the right.

This listing courtesy of Keller Williams On The Water S 

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On davidshippey.com since Tue, Jan 21st 2025
No Property History recorded for this listing.

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If you have any questions on 5125 Gulf of Mexico Drive UNIT #7, Longboat Key, Florida, please call David Shippey at 863-521-4517.


MLS# N6136477 located at 5125 Gulf of Mexico Drive UNIT #7, Longboat Key, Florida is brought to you by David Shippey REALTOR®

5125 Gulf of Mexico Drive UNIT #7, Longboat Key, Florida has 2 Beds, 2 Full Bath, and 0 Half Bath.
The MLS Number for 5125 Gulf of Mexico Drive UNIT #7, Longboat Key, Florida is N6136477.
The price for 5125 Gulf of Mexico Drive UNIT #7, Longboat Key, Florida is $975,000.
The status of 5125 Gulf of Mexico Drive UNIT #7, Longboat Key, Florida is Active.
The subdivision of 5125 Gulf of Mexico Drive UNIT #7, Longboat Key, Florida is Seagrape Inn.
The home located at 5125 Gulf of Mexico Drive UNIT #7, Longboat Key, Florida was built in 2025.

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