5311 Gulf Of Mexico Dr #8, Longboat Key

$567,500

2 Beds
2 Baths
1,110 Sqft
2.33 Acres
0 Garages

Excellent opportunity to own 2 bed/2 bath Gulf Front/GulfView Longboat Key condo for you to enjoy & earn excellent income during times you aren't there. Rarely available Gulf Front/View condo allows nightly rentals which maximize income. 1 of 9 rare units in the Gulf side of Beach Castle complex. Beautiful elevated Gulf views from master & large lanai. Stunning sunset views on nightly basis. Well appointed & in excellent condition. Offered turn-key furnished. Beach Castle, a beach-to-bay resort, is one of the few complexes on the island that is permitted to rent units on short-term basis. Make money, cover ownership expense & use at your leisure all combined. Centrally located mid-Longboat Key near hot spots, community activities & short drive to St. Armand's Circle & Downtown Sarasota. Offers heated pool, hot tub, BBQ, grills, internet access by pool, laundry facilities, fishing dock, shared boat docks (first-come, first-serve w/ 26' boat limit), kayak launch area, tennis courts (at neighboring property), bay access, private beach access w/ complimentary lounge chairs & umbrellas. Key West style boutique community has years of repeat renters w/ landscaped grounds peppered w/ lush tropical color. Start living your dream today w/ a place to get away from it all, walk on white sandy beaches, relish in Florida sunshine AND own profitable investment property. Annual average of $45k in gross rental production w/ current owner occupying annually every Jan & Feb averaging appx $6k in lost rental production.

Essential Information
MLS® #A4423780
Price$567,500
Bedrooms2
Bathrooms2.00
Full Baths2
Square Footage1,110
Acres2.33
Year Built1973
TypeResidential
Sub-TypeCondo
StatusActive
Price Per Sqft$511
Community Information
Address5311 Gulf Of Mexico Dr #8
AreaLongboat Key
SubdivisionMccalls Beach Castle A Condo
CityLongboat Key
CountyManatee County
StateFL
Zip Code34228
Max Pet Weight30
Pet RestrictionsOwners only. Tenants no pets.
Pet Restrictions YNY
Pets Allowed YNY
Pet SizeSmall (16-35 Lbs.)
Numof Pets2
Minimum Lease1-7 Days
Community Features

Cable, Dock, Laundry Facility, Pool, Community Hot Tub/Spa, Tennis Courts, Deed Restricted, Fishing Pier, Water Access, Waterfront

Amenities
ParkingOpen, Other
GaragesUnder Building Parking
Is WaterfrontYes
WaterfrontBeach-Prvt, Gulf/Ocean
Water AccessBeach - Private, Gulf/Ocean
Water ViewGulf/part
Utilities

BB/HS Internet Available, Cable Connected, Phone Available, Public, Sewer Connected, Street Lights, Underground Utilities

Features

Cable, Dock, Laundry Facility, Pool, Community Hot Tub/Spa, Tennis Courts, Deed Restricted, Fishing Pier, Water Access, Waterfront

View

Flood Zone, Sidewalk, Water View

Water Extras

NoBridges,DockOpen,DockWood,DockwElectric,DockwWaterSupply

Interior
InteriorCeramic Tile
HeatingCentral, Heat Pump
CoolingCentral Air
# of Stories2
StoriesOne Story, End Unit
Kitchen FeaturesBreakfast Bar
Master Bed Size12x16
Interior Features

Kitchen/Family Room Combo, Living Room/Dining Room Combo

Appliances

Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator

Interior Layout

Kitchen/Family Room Combo, Living Room/Dining Room Combo

Exterior
ExteriorBlock, Stucco
WindowsBlinds
RoofBuilt-Up, Membrane, Metal
FoundationSlab
Exterior Features

Irrigation System, Lighting, Outdoor Grill, Outdoor Kitchen, Sidewalk, Sliding Doors, Tennis Court(s), Mature Landscaping, Trees/Landscaped, Patio/Porch Covered, Patio/Porch Screened

Room Dimensions
Bedroom 212x15
Dining Room14x12
Living Room14x14
Kitchen12x8
Master Bedroom12x16
School Information
ElementaryAnna Maria Elementary
MiddleMartha B. King Middle
HighBayshore High
Additional Information
Days on Market66
ZoningR4MX
Normal SaleYes
Costs
Condo Fees$1,117
Condo Fees TermMonthly
HOA Payment ScheduleMonthly
Taxes$6,387
Tax Year2018
Property History
Price Reduced from $568,000 to $567,500

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Listing data comes from My Florida Regional MLS.

Listing information last updated on March 18th, 2019 at 6:15pm EDT.