Welcome to your own piece of paradise right on the shores of Longboat Key! This is a rare opportunity for an owner/investor to enjoy all that Longboat Key has to offer while maximizing rental profits with daily rentals! Take in the bright blue waters through the sliding glass doors as soon as you step in to the two-bedroom two-bathroom 1,028 square foot space. This turnkey, furnished unit is clean and well maintained with tile floors throughout. The kitchen offers an open space with updated appliances and sparkling granite countertops. The primary suite offers an en-suite bathroom and opens up to the screened in lanai with water views of the gulf. The second bedroom also offers an en-suite bathroom with two queen beds and extra space for guests. Beach Castle Resort offers a bay to gulf property, with a heated swimming pool and spa on the bay side, including a community dock and kayak launch. The gulf side of the complex offers a BBQ grille, separate laundry room, and provides beach chairs and umbrellas for use on the sandy beach. Beach Castle's rental policy accommodates minimum 1 to 7 day tenancies, with in-house property management provided by RVA. Seller reports revenue of $142,000 in 2023. Owners and tenants alike are able to use Cedar's amenities and overflow parking just up the road which includes a junior Olympic pool, ten lighted tennis courts, 24/7 fitness center and bicycles. Beach Castle Resort is pet friendly for an owner's small dog. Right in the middle of LBK, in close proximity to restaurants, St. Armand's circle and downtown Sarasota. Part time or full time, this opportunity provides flexibility to enjoy the beach life!
This property is $176.6K more than the Median Sold Price and $581/SqFt more 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: #A4604824
Listing Office:
Office Name: MCKAY MANAGEMENT & REALTY
Listing Agent: Brittany Anderson
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.
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: 4/27/2024, 6:19:18 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.
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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
8
/10
Anna Maria Elementary School
4700 Gulf Dr
Distance between this listing and this school7.27 miles
Public District Grades KG-5
Middle School
3
/10
Martha B. King Middle School
600 75th St NW
Distance between this listing and this school6.57 miles
Public District Grades 6-8
High School
2
/10
Bayshore High School
5401 34th St W
Distance between this listing and this school4.40 miles
Public District Grades 9-12
Assigned Schools
8
/10
Anna Maria Elementary School
4700 Gulf Dr
Distance between this listing and this school7.27 miles
Public District Grades KG-5
Nearby Schools
4
/10
Bayshore Elementary School
6120 26th St W
Distance between this listing and this school4.26 miles
Public District Grades PK-5
4
/10
Sea Breeze Elementary School
3601 71st St W
Distance between this listing and this school4.41 miles
Public District Grades PK-5
Assigned Schools
3
/10
Martha B. King Middle School
600 75th St NW
Distance between this listing and this school6.57 miles
Public District Grades 6-8
Nearby Schools
2
/10
Electa Lee Middle School
4000 53rd Ave W
Distance between this listing and this school4.06 miles
Public Magnet Grades 6-8
3
/10
W. D. Snugg Middle School
3801 59th St W
Distance between this listing and this school4.61 miles
Public District Grades 6-8
Assigned Schools
2
/10
Bayshore High School
5401 34th St W
Distance between this listing and this school4.40 miles
Public District Grades 9-12
Nearby Schools
8
/10
State College of Florida Collegiate School
5840 26th St W
Distance between this listing and this school4.49 miles
Public Charter Grades 6-12
4
/10
Manatee High School
1 Hurricane Ln
Distance between this listing and this school6.66 miles
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 most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 5311 Gulf Of Mexico Dr Unit 3
What is the listing price of this property?
The listing price of 5311 Gulf Of Mexico Dr Unit 3 property is $1,350,000.
What type of property is this?
The property 5311 Gulf Of Mexico Dr Unit 3 is a condo located in Longboat Key, Florida, 34228.
Is this property for sale now?
Active Listing: 5311 Gulf Of Mexico Dr Unit 3 is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 5311 Gulf Of Mexico Dr Unit 3 are: Anna Maria Elementary School: GreatSchools Rating 8/10Martha B. King Middle School: GreatSchools Rating 3/10Bayshore High School: GreatSchools Rating 2/10
How many bedrooms and bathrooms does this property have?
The property at 5311 Gulf Of Mexico Dr Unit 3 has 2 bedrooms and 2 bathrooms.
What is the square footage of this property?
The property 5311 Gulf Of Mexico Dr Unit 3 is 1,028 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 5311 Gulf Of Mexico Dr Unit 3 is 1973.
This home is located at 5311 Gulf Of Mexico Dr Unit 3 in Longboat Key, FL and zip code 34228. This 1,028 square foot home, which was built in 1973, sits on a 1.01 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 26, 2024 and is currently priced at $1,350,000.
In March 2024, from all listings sold in Longboat Key, FL there were more than 2 sold above asking price, over 39 sold below and more than 4 were sold right at the asked price. Between February 2024 and March 2024, Longboat Key, FL real estate market has seen increase in the number of listings by 2.8%. 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.
1 (855) 200-2001
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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.
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