Price Reduction of $200k! LOCATION, LOCATION, LOCATION! This inviting and beautifully furnished waterfront home is located on a tranquil and deep-water natural bayou, with no bridges to Sarasota bay and just moments to the Gulf of Mexico. North Longboat Key is known for incredible turquoise Gulf-to-Bay waters and beautiful sandy beaches. This property is very near the heart of favored boating and recreational areas, yet it still provides exceptional privacy. The Key West style home is elevated, airy, well-maintained, and has a brand new roof. Entering through the ground-level foyer, ascend to the main living space via elevator or plush carpeted stairs. You will find a bright open floor plan with a great room, an open office or study area, a spacious balcony deck perfect for alfresco dining, and a unique atrium bringing the outdoors in and overlooking the bayou where you may just see a gentle manatee swimming by. The open kitchen with breakfast bar and dining room provides a perfect setting for socializing while cooking, enjoying meals, or entertaining. On the main level there is also a convenient bedroom with ensuite and walk-in closet which can be used as a primary suite or enjoyed by guests. The third floor offers two more bedrooms, one with a large private balcony and ensuite access or a Jack-and-Jill bathroom. The property offers beautiful views of lush tropical vegetation, a private boat dock, plenty of parking and storage, and only one other nearby house. Owner had plans to install a boat lift on existing dock. Launch your boat from two nearby public ramps or kayaks from your backyard, or cross the street for convenient white sandy Gulf beaches and Greer Island access. Just down the street you have numerous popular restaurants with waterfront dining, shops, fitness centers, coffee shops and more, providing a wonderful island living experience from this very private home on Longboat Key. Bring your golf cart and water toys and experience what north Longboat Key provides over any other areas of the island.
Property Details
Property Features
Property Information:
Architectural Style: Coastal, Elevated, Key West
Year Built: 1993
Stories: 3
Living Area: 2,056 SqFt
Listing Office:
Office Name: MICHAEL SAUNDERS & COMPANY
Office Phone: (941) 383-7591
Listing Agent: Cindy Fischer
Interior Features
Interior Information:
Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Flooring Type: Carpet, Tile
Interior: Cathedral Ceiling(s), Ceiling Fans(s), Elevator, High Ceilings, Open Floorplan, Primary Bedroom Main Floor, Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
Martha B. King Middle School, Public District Grades 6-8
Anna Maria Elementary School, Public District Grades KG-5
Other
Directions Information:
Directions: From south Longboat Key, go north on Gulf of Mexico Drive past Broadway. 7160 Gulf of Mexico will be the next driveway. When you see the Longboat Pass Bridge ahead be prepared to turn into the first driveway or you will miss it.
Price Information
Listing Price Info
Price Summary:
List Price: $2,250,000
Price Per SqFt: $1,094/SqFt
Tax Information:
Annual Amount: $8,239
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Longboat Key, FL.
This property is $1.0M more than the Median Sold Price and $362/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: #A4598119
Listing Office:
Office Name: MICHAEL SAUNDERS & COMPANY
Office Phone: (941) 383-7591
Listing Agent: Cindy Fischer
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: 5/1/2024, 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
Listing History
DATE
EVENT
PRICE
Feb 26, 2014
Feb 26, 2014Home Sold
$405,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$8,239
$483,368
2018
$6,354
$455,919
2017
$6,355
$379,907
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$11.2K
Per Month
Principal & Interest
$11.2K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$6,812
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 school4.67 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 school5.37 miles
Public District Grades 6-8
High School
2
/10
Bayshore High School
5401 34th St W
Distance between this listing and this school5.65 miles
Public District Grades 9-12
Assigned Schools
8
/10
Anna Maria Elementary School
4700 Gulf Dr
Distance between this listing and this school4.67 miles
Public District Grades KG-5
Nearby Schools
4
/10
Sea Breeze Elementary School
3601 71st St W
Distance between this listing and this school3.97 miles
Public District Grades PK-5
4
/10
H. S. Moody Elementary School
5425 38th Ave W
Distance between this listing and this school4.61 miles
Public District Grades KG-5
Assigned Schools
3
/10
Martha B. King Middle School
600 75th St NW
Distance between this listing and this school5.37 miles
Public District Grades 6-8
Nearby Schools
3
/10
W. D. Snugg Middle School
3801 59th St W
Distance between this listing and this school4.60 miles
Public District Grades 6-8
2
/10
Electa Lee Middle School
4000 53rd Ave W
Distance between this listing and this school5.17 miles
Public Magnet Grades 6-8
Assigned Schools
2
/10
Bayshore High School
5401 34th St W
Distance between this listing and this school5.65 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 school5.99 miles
Public Charter Grades 6-12
4
/10
Manatee High School
1 Hurricane Ln
Distance between this listing and this school6.60 miles
The neighbors living near this home have an average income of $86,702. The most common annual income of people living in Longboat Key, FL is between $35k-100k. The majority of families are 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 7160 Gulf Of Mexico Dr
What is the listing price of this property?
The listing price of 7160 Gulf Of Mexico Dr property is $2,250,000.
What type of property is this?
The property 7160 Gulf Of Mexico Dr is a house located in Longboat Key, Florida, 34228.
Is this property for sale now?
Active Listing: 7160 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 7160 Gulf Of Mexico Dr are: Anna Maria Elementary School: GreatSchools Rating 8/10Martha B. King Middle School: GreatSchools Rating 3/10Bayshore 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 $8,239 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on February 26, 2014 for $405,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 7160 Gulf Of Mexico Dr has 3 bedrooms and 2 full and 1 half bathrooms.
What is the square footage of this property?
The property 7160 Gulf Of Mexico Dr is 2,056 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 7160 Gulf Of Mexico Dr is 1993.
This home is located at 7160 Gulf Of Mexico Dr in Longboat Key, FL and zip code 34228. This 2,056 square foot home, which was built in 1993, sits on a 0.17 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since February 01, 2024 and is currently priced at $2,250,000.
While more than 2 listings in Longboat Key, FL in March 2024 were sold above asking price, there were more than 4 listings sold at asking price, and more than 39 were sold below. The number of listings 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.
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.
PGA/LPGA
PGA/LPGA
Skiing/snowboarding
Men's Tennis
Stein Mart
BJs Wholesale Club
Bloomingdales
Bob Evans
Panera
Bonefish Grill
Lincoln
Infiniti
Lexus
News/Talk/Information
Adult Hits