1 year on rocket

5861 Gulf Of Mexico Dr, Longboat Key, FL, 34228

$18,500,000

5 Bedrooms
6 Full Baths, 1 Partial
6,950 SqFt
$2,662/SqFt
House
Schools Nearby

Location

Image provided by Mapbox

Property Highlights

Home TypeSingle Family Residence
ParkingGround Level
Attached Garage8 spaces
Year BuiltNew Const., 2023
HeatingCentral
CoolingCentral Air
WaterfrontGulf
Private PoolYes
MLS #O6080850
Lot Size1.13 Acres
StatusActive

About 5861 Gulf Of Mexico Dr

Under Construction. Under construction for over two years with a completion in the summer of 2023, now is the time for the buyer to customize the interior finishes! 5861 is a contemporary home that exudes Zen-like calm on a 1.1 acre beachfront, tropical jungle, estate lot located on the magical north end of Longboat Key. Comprised of four main components, the home is creatively connected to allow for a resort-style guest experience: main living, guest house, attached bedroom wing, and an expansive, private owners level. The floorplan incorporates natural light, interior plant areas, communal gathering areas, private moments, and easy connections to the ever-present ocean views and sea breezes. The estate includes a 75 ft lap pool, lush landscaping, over 2,500 sqft of pool with integrated spa, two detached ground level accessory buildings, and two guest suites with laundry, breakfast kitchens, and exterior entrances. Floorplans and private tours available upon request.

Property Details

Property Features

Property Information:

  • Year Built: 2023
  • Living Area: 6,950 SqFt

Listing Office:

  • Office Name: BEYCOME OF FLORIDA LLC
  • Office Phone: (844) 239-2663
  • Listing Agent: Steven Koleno

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Freezer, Gas Water Heater, Ice Maker, Microwave, Range, Range Hood, Refrigerator, Washer, Wine Cooler
  • Flooring Type: Hardwood, Marble, Tile
  • Interior: Cathedral Ceiling(s), Eat-in Kitchen, Elevator, High Ceilings, Open Floorplan, Stone Counters, Thermostat, Vaulted Ceiling(s), Walk-In Closet(s)

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 6
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Waterfront: Gulf
  • Exterior: Balcony, Irrigation System, Lighting, Sliding Doors

Parking Information:

  • Garage Space: 8 spaces
  • Attached Garage: Yes
  • Parking: Ground Level

Lot Features

Lot Information:

  • Lot Size: 1.13 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: Head southwest on Binnacle Point Dr toward Gulf of Mexico Dr, Turn right onto Gulf of Mexico Dr, Destination will be on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $18,500,000
  • Price Per SqFt: $2,662/SqFt

Tax Information:

  • Annual Amount: $44,884
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$1.1M

Med. Price/SqFt

$727

Avg. Days On Market

59

# of Sold Homes

58

5861 Gulf Of Mexico Dr vs Longboat Key

482 DAYS ON ROCKET

+423 Days

$18,500,000

+$17.3M More

$2,662/SqFt

+$1.9K More

KEY TAKEAWAY

This property is $17.3M more than the Median Sold Price and $1.9K/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: #O6080850

Listing Office:

  • Office Name: BEYCOME OF FLORIDA LLC
  • Office Phone: (844) 239-2663
  • Listing Agent: Steven Koleno

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: 5/2/2024, 10:19:33 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

Apr 16, 2015Home Sold
$2,500,000
Mar 12, 2015Home Sold
$800,000

Tax History

YEARPROP. TAXASSESSMENT
2020$44,884$2,596,000
2018$35,633$2,360,000
2017$35,634$2,336,400

History based on county public records data.

Payment Calculator

$92.4K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$55.5K

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-5031315
8
/10
  • Anna Maria Elementary School

  • 4700 Gulf Dr

  • 6.48 miles

  • Public District Grades KG-5

Middle School

school-card-donut-5031316
3
/10
  • Martha B. King Middle School

  • 600 75th St NW

  • 6.19 miles

  • Public District Grades 6-8

High School

school-card-donut-5031317
2
/10
  • Bayshore High School

  • 5401 34th St W

  • 4.76 miles

  • Public District Grades 9-12

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. The most common type of family is married, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5861 Gulf Of Mexico Dr

What is the listing price of this property?

The listing price of 5861 Gulf Of Mexico Dr property is $18,500,000.

What type of property is this?

The property 5861 Gulf Of Mexico Dr is a house located in Longboat Key, Florida, 34228.

Is this property for sale now?

Active Listing: 5861 Gulf Of Mexico Dr is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 5861 Gulf Of Mexico Dr 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 $44,884 (source: MLS/based on county public records data).

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

The last sale was on April 16, 2015 for $2,500,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5861 Gulf Of Mexico Dr has 5 bedrooms and 6 full and 1 half bathrooms.

What is the square footage of this property?

The property 5861 Gulf Of Mexico Dr is 6,950 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5861 Gulf Of Mexico Dr is 2023.
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Rocket Homes›Florida›Manatee County›Longboat Key›34228›5861 Gulf Of Mexico Dr

This home is located at 5861 Gulf Of Mexico Dr in Longboat Key, FL and zip code 34228. This 6,950 square foot home, which was built in 2023, sits on a 1.13 acre lot. Features: 5 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since January 06, 2023 and is currently priced at $18,500,000.

Over 3 listings were sold over their listed price in April 2024 in Longboat Key, FL. In the same period over 43 listings were sold below the listed price and 12 listings were sold for the listed price. The inventory of homes for sale in Longboat Key, FL between March 2024 and April 2024 decreased by 4.5%. 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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