5 months on rocket

5270 Gulf Of Mexico Dr Unit 504, Longboat Key, FL, 34228

$850,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
3 Full Baths
1,498 SqFt
$567/SqFt
Condo
Schools Nearby

Location

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5270 Gulf Of Mexico Dr Unit 504, Longboat Key$850,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, Covered, Guest
Year Built1974
HeatingCentral, Electric
CoolingCentral Air
WaterfrontBay
ViewWater
MLS #A4588989
StatusActive

About 5270 Gulf Of Mexico Dr Unit 504

Live in a BEACH to BAY community where relaxed, casual living is the norm. Upon entering the residence your eyes are immediately drawn to the expansive unobstructed water views of Sarasota Bay. The remodeled kitchen has had a partial wall removed to integrate the kitchen with the dining/living room. Raised panel cabinets, the pantry with pull out shelves, and solid surface counters, make this room a pleasure to cook in. All floors on the main living level have diagonal 14” tiles. The floors in the upstairs loft and bedroom have plank tiles. All the bathrooms have updated vanities. Enjoy vaulted ceilings in the kitchen, living room, guest bedroom and loft. The living room and master bedroom have separate balconies—a perfect place for morning coffee. The living room furniture has been staged. The loft area has an adjoining bedroom and bathroom making it a perfect retreat for grandchildren, an office or as a 4th sleeping space. Launch your kayak, canoe, or sunfish from the bayfront day dock; play tennis or pickle ball; swim in the solar heated pool; walk directly across the road to the Banyan Bay beach! It is a short stroll to the Centre Shops from Banyan Bay where you will find three restaurants, a hair salon, a UPS store, an ice cream parlor, pilates classes, an art store, and other boutiques. Anna Maria Island, located a few miles north, offers a variety of casual restaurants, bars, and shopping. St. Armand’s Circle a few miles to the south, is renowned for its fine dining, art galleries, clothing stores and specialty shops. This 3-bedroom, 3-bathroom townhouse is a remarkable opportunity to own a bay front residence on Longboat Key! 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 THE ASSOCIATION PRESIDENT. PET CANNOT BE A NUISANCE.

Property Details

Property Features

Property Information:

  • Year Built: 1974
  • Stories: 2
  • Living Area: 1,498 SqFt

Listing Office:

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

Interior Features

Interior Information:

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Flooring Type: Tile
  • Interior: Cathedral Ceiling(s), Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo, 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: 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 and go all the way to end of driveway #504 (upstairs) will be directly in front of you.

Price Information

Listing Price Info

Price Summary:

  • List Price: $850,000
  • Price Per SqFt: $567/SqFt

Tax Information:

  • Annual Amount: $6,321
  • 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

5270 Gulf Of Mexico Dr Unit 504 vs Longboat Key

176 DAYS ON ROCKET

+117 Days

$850,000

-$323.7K Less

$567/SqFt

-$161 Less

KEY TAKEAWAY

This property is $323.7K less than the Median Sold Price and $161/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: #A4588989

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: 5/3/2024, 11:49:32 PM 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 26, 2016Home Sold
$491,300
Jan 19, 2005Home Sold
$545,000

Tax History

YEARPROP. TAXASSESSMENT
2020$6,321$375,000
2018$5,962$420,000
2017$5,963$362,250

History based on county public records data.

Payment Calculator

$4,310

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,615

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-5768155
8
/10

  • Anna Maria Elementary School

  • 4700 Gulf Dr

  • 7.32 miles

  • Public District Grades KG-5

Middle School

school-card-donut-5768156
3
/10

  • Martha B. King Middle School

  • 600 75th St NW

  • 6.67 miles

  • Public District Grades 6-8

High School

school-card-donut-5768157
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. Most Longboat Key, FL residents have annual incomes between $100k-200k. Most families are married, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5270 Gulf Of Mexico Dr Unit 504

What is the listing price of this property?

The listing price of 5270 Gulf Of Mexico Dr Unit 504 property is $850,000.

What type of property is this?

The property 5270 Gulf Of Mexico Dr Unit 504 is a condo located in Longboat Key, Florida, 34228.

Is this property for sale now?

Active Listing: 5270 Gulf Of Mexico Dr Unit 504 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 5270 Gulf Of Mexico Dr Unit 504 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 $6,321 (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 26, 2016 for $491,300. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5270 Gulf Of Mexico Dr Unit 504 has 3 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 5270 Gulf Of Mexico Dr Unit 504 is 1,498 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5270 Gulf Of Mexico Dr Unit 504 is 1974.

Rocket Homes›Florida›Manatee County›Longboat Key›34228›5270 Gulf Of Mexico Dr Unit 504

This home is located at 5270 Gulf Of Mexico Dr Unit 504 in Longboat Key, FL and zip code 34228. This 1,498 square foot home was built in 1974. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 09, 2023 and is currently priced at $850,000.

While more than 3 listings in Longboat Key, FL in April 2024 were sold above asking price, there were more than 12 listings sold at asking price, and more than 43 were sold below. The number of homes for sale in Longboat Key, FL decreased by 4.5% between March 2024 and April 2024. Listings spent 59 days on the market in April 2024, and had a median list price of $1,173,750 during the same period.

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

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