5125 GULF OF MEXICO DR #7 Active Save Request In-Person Tour Request Virtual Tour
Longboat Key,FL 34228
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 961 sqft
Price per Sqft $1,061
Subdivision Seagrape Inn
MLS Listing ID N6136477
Bedrooms 2
Full Baths 2
Condo Fees $2,356
Year Built 1983
Annual Tax Amount $11,168
Property Sub-Type Condominium
Property Description
Nestled in the heart of Longboat Key, this exceptional two-bedroom, two-bathroom beachfront condo offers a rare blend of luxury, comfort, and high rental potential. Situated within the meticulously maintained Seagrape Inn, this turnkey furnished unit is an investor's dream, boasting a potential gross annual revenue of $108,000 and a net operating income of $66,000. The Seagrape Inn's lush landscaping and upscale tropical ambiance create an idyllic setting along the stunning Gulf of Mexico, perfect for both personal enjoyment and income generation. Amenities at Seagrape Inn include a private entrance to each condo, a private heated pool, a private beach area with lounge chairs and umbrellas, on-site laundry and ice machine, upgraded Wi-Fi throughout the resort, cable TV, a gazebo with a gas BBQ grill, and beach towels and linens.
Unit 7, perched on the second floor, provides breathtaking views of the ocean and the inviting pool below. Upon entry, the condo exudes sophistication, with a thoughtfully designed living space that seamlessly connects the living room, dining area, and upgraded kitchen. The kitchen, recently renovated to perfection, features new cabinets, countertops, recessed lighting, plumbing fixtures, and state-of-the-art appliances. The entire unit has been enhanced with new waterproof LVP flooring, fresh interior paint, and modern light fixtures, ensuring a contemporary and elegant aesthetic throughout.
Both bedrooms are tastefully furnished, offering serene retreats after a day at the beach. The bathrooms have been completely remodeled, showcasing new vanities, tile work, shower doors, and plumbing fixtures. Step onto the screened balcony to savor unparalleled views of the ocean, pool, and lush greenery—a perfect spot to relax and soak in the tranquil surroundings.
Beyond the condo's exquisite interior, significant exterior improvements have been made, including the installation of hurricane windows and doors, new deck waterproofing, and exterior painting. The convenience of a designated parking spot adds to the property's appeal.
Located in a prime area of Longboat Key, this condo provides easy access to the beach, Gulf, and nearby restaurants and shops. Whether you're seeking a lucrative investment or a luxurious personal retreat, this beachfront condo offers an extraordinary opportunity to experience the best of coastal living in an unparalleled location.
Location
State FL
County Manatee
Community Seagrape Inn
Zoning R3MX
Interior
Heating Electric
Cooling Central Air
Flooring Tile
Laundry Outside
Exterior
Exterior Feature Outdoor Grill
Parking Features Assigned
Pool Gunite,Heated,Lighting,Outside Bath Access
Community Features Deed Restrictions,Pool
Utilities Available Cable Connected,Electricity Connected,Public,Sewer Connected,Water Connected
Amenities Available Laundry,Other,Pool
Waterfront Description Gulf/Ocean
View Y/N Yes
Water Access Yes
View Water
Roof Type Built-Up
Building
Lot Description City Limits,Sidewalk,Paved
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Block,Stucco
New Construction false
Schools
Elementary Schools Anna Maria Elementary
Middle Schools Martha B. King Middle
High Schools Bayshore High
Others
Monthly Total Fees $2,356
Acceptable Financing Cash,Conventional,Other
Listing Terms Cash,Conventional,Other
Special Listing Condition None
Virtual Tour https://my.matterport.com/show/?m=AyHuzaHZbJP