6 months on rocket

5260 Gulf Of Mexico Dr Unit 412, Longboat Key, FL, 34228

$675,000

Home List Price

$8,016*

Closing Credit

3 Bedrooms
3 Full Baths
1,453 SqFt
$465/SqFt
Condo
Schools Nearby

Location

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5260 Gulf Of Mexico Dr Unit 412, Longboat Key$675,000

Buyer Closing Credits

$8,016*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, Covered, Guest
Year Built1974
HeatingCentral, Electric
CoolingCentral Air
WaterfrontBay
ViewPark, Water
MLS #A4587964
StatusActive

About 5260 Gulf Of Mexico Dr Unit 412

The Banyan Bay Club – a relaxed island lifestyle awaits you in this BEACH to BAY community known for its casual atmosphere and family-oriented environment. The entry hall, kitchen and living room have tile floors. The interior has newer cabinets in the kitchen with subway tile backsplash. All three bathrooms have updated vanities with solid surface counters. Enjoy lovely tranquil views of stately banyan trees and the water views of Sarasota Bay from the living room and primary bedroom, with access to an outdoor screened balcony from both rooms. A SPIRAL staircase leads to the loft with a trundle bed, a third bedroom and 3rd bathroom. This area with wood flooring, are often used as a grandchildren’s retreat, office, or 4th sleeping space. Launch your kayak, canoe, or sunfish from the bay front day dock; walk across the street to the Banyan Bay beach! It is only a short stroll from Banyan Bay to the Centre Shops where you will find three restaurants, a hair salon, an ice cream shop, UPS store, art store and other boutiques. Anna Maria Island, located just a few miles to the north, offers a vast variety of restaurants and shops. South of Banyan Bay Club, you will find St. Armand’s Circle, world renowned for its galleries, fine dining, clothing stores and specialty shops. Complete with furnishings, this three-bedroom, three-bath plus loft is a remarkable opportunity. Life doesn’t get much better than this! PETS ARE ALLOWED. BANYAN BAY RULES AND REGS DO NOT HAVE A WEIGHT SPECIFIED NOR HOW MANY PETS ARE ALLOWED. THIS WAS CONFIRMED BY ASSOCIATION PRESIDENT. PET CANNOT BE A NUISANCE.

Property Details

Property Features

Property Information:

  • Year Built: 1974
  • Stories: 3
  • Living Area: 1,453 SqFt

Listing Office:

  • Office Name: MICHAEL SAUNDERS & COMPANY
  • Office Phone: (941) 388-4447
  • Listing Agent: Bobbie Banan

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Ice Maker, Microwave, Range, Refrigerator, Washer
  • Flooring Type: Carpet, Tile, Wood
  • Interior: Cathedral Ceiling(s), Ceiling Fans(s), Eat-in Kitchen, Primary Bedroom Main Floor, Open Floorplan, Solid Surface Counters, Split Bedroom, Window Treatments

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Bay
  • View: Park, Water
  • Exterior: Balcony, Private Mailbox, Sidewalk, Sliding Doors, Storage, Tennis Court(s)

Parking Information:

  • Parking: Assigned, Covered, Guest

Lot Features

Lot Information:

  • Lot: Flood Zone, Greenbelt, Landscaped, Sidewalk, Paved

Utilities

Utilities Information:

  • Heating: Central, Electric
  • 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: Gulf of Mexico Dr. to 5200 Block, turn east into Banyan Bay. Park at tennis court. #412 will be in the first building on the right. #412 is upstairs.

Price Information

Listing Price Info

Price Summary:

  • List Price: $675,000
  • Price Per SqFt: $465/SqFt

Tax Information:

  • Annual Amount: $3,614
  • Tax Year: 2020
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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

$727

Avg. Days On Market

59

# of Sold Homes

58

5260 Gulf Of Mexico Dr Unit 412 vs Longboat Key

190 DAYS ON ROCKET

+131 Days

$675,000

-$498.7K Less

$465/SqFt

-$263 Less

KEY TAKEAWAY

This property is $498.7K less than the Median Sold Price and $263/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: #A4587964

Listing Office:

  • Office Name: MICHAEL SAUNDERS & COMPANY
  • Office Phone: (941) 388-4447
  • Listing Agent: Bobbie Banan

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: 5/10/2024, 9:19:38 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 21, 1999Home Sold
$228,800

Tax History

YEARPROP. TAXASSESSMENT
2020$3,614$245,520
2018$3,894$277,185
2017$3,894$271,484

History based on county public records data.

Payment Calculator

$3,436

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,090

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-9768286
8
/10

  • Anna Maria Elementary School

  • 4700 Gulf Dr

  • 7.32 miles

  • Public District Grades KG-5

Middle School

school-card-donut-9768287
3
/10

  • Martha B. King Middle School

  • 600 75th St NW

  • 6.67 miles

  • Public District Grades 6-8

High School

school-card-donut-9768288
2
/10

  • Bayshore High School

  • 5401 34th St W

  • 4.49 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 $107,407. The most common annual income of people living in Longboat Key, FL is between $100k-200k. Typical family type is married, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5260 Gulf Of Mexico Dr Unit 412

What is the listing price of this property?

The listing price of 5260 Gulf Of Mexico Dr Unit 412 property is $675,000.

What type of property is this?

The property 5260 Gulf Of Mexico Dr Unit 412 is a condo located in Longboat Key, Florida, 34228.

Is this property for sale now?

Active Listing: 5260 Gulf Of Mexico Dr Unit 412 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 5260 Gulf Of Mexico Dr Unit 412 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

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $3,614 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 21, 1999 for $228,800. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5260 Gulf Of Mexico Dr Unit 412 has 3 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 5260 Gulf Of Mexico Dr Unit 412 is 1,453 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5260 Gulf Of Mexico Dr Unit 412 is 1974.

Rocket Homes›Florida›Manatee County›Longboat Key›34228›5260 Gulf Of Mexico Dr Unit 412

This home is located at 5260 Gulf Of Mexico Dr Unit 412 in Longboat Key, FL and zip code 34228. This 1,453 square foot home was built in 1974. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 01, 2023 and is currently priced at $675,000.

In April 2024 more than 3 listings in Longboat Key, FL were sold above the asking price. During the same period more than 12 listings were sold at asking price, while more than 43 were sold below. The number of listings in Longboat Key, FL decreased by 4.5% between March 2024 and April 2024. While the average time on the market in April 2024 was 59 days, the median list price was $1,173,750.

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

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