17 days on rocket

Sale Pending

5055 Gulf Of Mexico Dr Unit 116, Longboat Key, FL, 34228

$995,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
2 Full Baths
1,678 SqFt
$593/SqFt
Condo
Schools Nearby

Location

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5055 Gulf Of Mexico Dr Unit 116, Longboat Key$995,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingGuest
Year Built1973
HeatingCentral
CoolingCentral Air
WaterfrontBeach
ViewGarden, Pool, Tennis Court, Water
MLS #T3518188
Lot Size6.16 Acres
StatusSale Pending
(Pending)

About 5055 Gulf Of Mexico Dr Unit 116

Under contract-accepting backup offers. Rare fully renovated and beautifully upgraded (2022), including everything from electrical to plumbing to flooring, first floor beach retreat. Boasting 2 bedrooms, 2 bathrooms, an extra den/office space, sun room, and private outdoor patio space, this beautiful sanctuary is just seconds walk from the shore with a private parking space a few feet from the front door. With an open layout and gentle styling, the space provides a peaceful and enriching haven for any beachgoer. Every element of the condo was replaced and upgraded in 2022, including new appliances and hurricane impact windows. Not one single item or feature is in need of any repair or replacement, granting the owner a deep peace of mind and profoundly easy beach going experience. The community provides a wide range of amenities, rather unique to the area, including 2 heated pools, a hot tub, clubhouse with bar, 8 tennis courts, outdoor shuffleboard, library, gym, sauna, and more. Known as one of the best beaches in the world, the soft white sands of Longboat Key extend for 750’ of access in front of the community with gentle waves and stunningly idyllic sunsets. Furthermore the unit may serve as an income generating property for renters. Guest parking is also available in front of the unit. This rare opportunity for such a completely upgraded beachfront unit with such tremendous community amenities will not last long so book a showing today.

Property Details

Property Features

Property Information:

  • Year Built: 1973
  • Stories: 1
  • Living Area: 1,678 SqFt

Listing Office:

  • Office Name: TOMLIN, ST CYR & ASSOCIATES LLC
  • Office Phone: (813) 636-0700
  • Listing Agent: Luke Davies

Interior Features

Interior Information:

  • Appliances: Convection Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Ice Maker, Microwave, Range, Range Hood, Refrigerator, Washer
  • Flooring Type: Tile
  • Interior: Built-in Features, Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Smart Home, Solid Wood Cabinets, Stone Counters, Thermostat, Walk-In Closet(s), Window Treatments

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Beach
  • View: Garden, Pool, Tennis Court, Water
  • Exterior: Sliding Doors, Storage

Parking Information:

  • Parking: Guest

Lot Features

Lot Information:

  • Lot Size: 6.16 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Bayshore High School, Public District Grades 9-12
  • Martha B. King Middle School, Public District Grades 6-8
  • Anna Maria Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: North on Gulf of Mexico drive from St Armands Circle to Club Longboat, take a left into complex followed by another left and the unit is the first one on the right #116

Price Information

Listing Price Info

Price Summary:

  • List Price: $995,000
  • Price Per SqFt: $593/SqFt

HOA Fees:

  • Amount: $150
  • Frequency: Annually
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Housing Market Comparison

See how this home compares to others in Longboat Key, FL.

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Longboat Key, FL

City

Med. Sold Price

$1.1M

Med. Price/SqFt

$732

Avg. Days On Market

84

# of Sold Homes

45

5055 Gulf Of Mexico Dr Unit 116 vs Longboat Key

17 DAYS ON ROCKET

-67 Days

$995,000

-$178.3K Less

$593/SqFt

-$139 Less

KEY TAKEAWAY

This property is $178.3K less than the Median Sold Price and $139/SqFt less than other homes in Longboat Key, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #T3518188

Listing Office:

  • Office Name: TOMLIN, ST CYR & ASSOCIATES LLC
  • Office Phone: (813) 636-0700
  • Listing Agent: Luke Davies

IDX 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.

IDX 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.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 4/29/2024, 3:19:22 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$5,046

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,050

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.

Elementary School

school-card-donut-3209054
8
/10

  • Anna Maria Elementary School

  • 4700 Gulf Dr

  • 7.62 miles

  • Public District Grades KG-5

Middle School

school-card-donut-3209055
3
/10

  • Martha B. King Middle School

  • 600 75th St NW

  • 6.88 miles

  • Public District Grades 6-8

High School

school-card-donut-3209056
2
/10

  • Bayshore High School

  • 5401 34th St W

  • 4.48 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $100,893. Most Longboat Key, FL residents have annual incomes between $35k-100k. The most common type of family is married, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5055 Gulf Of Mexico Dr Unit 116

What is the listing price of this property?

The listing price of 5055 Gulf Of Mexico Dr Unit 116 property is $995,000.

What type of property is this?

The property 5055 Gulf Of Mexico Dr Unit 116 is a condo located in Longboat Key, Florida, 34228.

Is this property for sale now?

Sale Pending: 5055 Gulf Of Mexico Dr Unit 116 is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What are the assigned schools for this property?

The assigned schools for 5055 Gulf Of Mexico Dr Unit 116 are:
Anna Maria Elementary School: GreatSchools Rating 8/10
Martha B. King Middle School: GreatSchools Rating 3/10
Bayshore High School: GreatSchools Rating 2/10

How many bedrooms and bathrooms does this property have?

The property at 5055 Gulf Of Mexico Dr Unit 116 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 5055 Gulf Of Mexico Dr Unit 116 is 1,678 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5055 Gulf Of Mexico Dr Unit 116 is 1973.

Rocket Homes›Florida›Manatee County›Longboat Key›34228›5055 Gulf Of Mexico Dr Unit 116

This home is located at 5055 Gulf Of Mexico Dr Unit 116 in Longboat Key, FL and zip code 34228. This 1,678 square foot home, which was built in 1973, sits on a 6.16 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 12, 2024 and is currently priced at $995,000.

Over 2 listings were sold over their listed price in March 2024 in Longboat Key, FL. In the same period over 39 listings were sold below the listed price and 4 listings were sold for the listed price. The number of homes for sale in Longboat Key, FL increased by 2.8% between February 2024 and March 2024. In March 2024, listings were on the market for 84 days. During the same period, the median list price in this real estate market was $1,173,333.

From Rocket Homes Real Estate and based on county public records data.

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