3740 Gulf Of Mexico Dr, Longboat Key


0 Beds
0 Baths
3,255 Sqft
.19 Acres
0 Garages

Simply, it’s Longboat Key’s only 4-unit multi-family property. This direct waterfront rental has proven to be a true “hands off” money maker in the past, at one-time netting over $80000/yr in gross receipts. The HOA maintains the grounds, the roof, all insurances, and is fully funded. Literally no differed maintenance to the owner, ever! It can be rented annually, seasonally, and even monthly. Boat slips are available for around $30/month if you and/or your tenants have one needing a space. A brand new community pool is scheduled to open in January. Tons of social events, deed beach access across the street, and the ability to live in one and profit from the rest. Attract grade-A tenants with this one of a kind opportunity.

Essential Information
MLS® #A4420667
Square Footage3,255
Year Built1950
Sub-TypeFour Units
Price Per Sqft$346
Community Information
Address3740 Gulf Of Mexico Dr
AreaLongboat Key
SubdivisionTwin Shores Mobile Home
CityLongboat Key
CountySarasota County
Zip Code34228
Pet Restrictions YNY
Pets Allowed YNN
Community Features

Dock, Laundry Facility, Maintenance Free, Water Access, Pool

UtilitiesElectricity Connected, Public
ParkingAssigned, Guest, None
GaragesUnder Building Parking
Is WaterfrontYes
WaterfrontBay/Harbor, Marina
Water AccessBay/Harbor, Marina
Water ExtrasDockOffSit
Water ViewBay/part

Dock, Laundry Facility, Maintenance Free, Water Access, Pool


Corner Lot/Unit, Flood Zone, In County, Street Paved, Water View

Interior FeaturesOther
CoolingWall/Window Unit(s)
StoriesOne Story
ExteriorBlock, Stucco
Exterior FeaturesOther
Lot DescriptionUp to 10,889 Sq. Ft.
Additional Information
Days on Market72
Normal SaleYes
HOA Fee$5,024
HOA Payment ScheduleQuarterly
Tax Year2018

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Listing data comes from My Florida Regional MLS.

Listing information last updated on February 16th, 2019 at 11:15am EST.