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$975,000

5125 Gulf Of Mexico Drive Longboat Key, FL 34228 Residential - Condominium Active

  • 5125 Gulf Of Mexico Drive, Unit 7, Longboat Key, FL 34228 Main Photo

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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.

Property Highlights

Property Type: Residential - Condominium
Cooling: Central Air
Heating: Electric
Roof Type: Built-Up
Stories: 2.0
Taxes: $11,168
Year Built: 1983

General Information

Bedrooms: 2
Bathrooms: 2 Full
Sqft: 961
County: Manatee
High School: Bayshore High
Subdivision: SEAGRAPE INN
Listed By:
Patrick Brogley KELLER WILLIAMS ON THE WATER S 941-803-7522

Amenities

Living Room/Dining Room Combo
Open Floorplan
Primary Bedroom Main Floor
Thermostat
Outdoor Grill

Room Information

Living Room: 15x17
Kitchen: 9x11
Primary Bedroom: 14x12
Primary Bathroom: 7x4
Bedroom 2: 12x12

Property Features

Appliances: Convection Oven, Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Range Hood, Refrigerator
Association Amenities: Laundry, Other, Pool
Body of Water: GULF OF MEXICO
Community Features: Deed Restrictions, Pool
Condo Fee: $2298/ Monthly
Days on Site: 111
Directions: From Sarasota: Drive from John Ringling Cswy and Gulf of Mexico Dr to Longboat Key. Turn left. Destination will be on the right.
Exterior: Block, Stucco
Flood Zone Code: AE
Flooring: Tile
Foundation: Slab
Frontage Gulf Ocean: 100
HOA Y/N: Yes
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, Other
Lot: City Limits, Sidewalk, Paved
Ownership: Condominium
Parking: Assigned
Parking Notes: Assigned
Patio/Porch: Screened
Pets Allowed: No
Pool: Gunite, Heated, Lighting, Outside Bath Access
Property Attached Y/N: No
Property Sub-Type: Condominium
Sewer: Public Sewer
Showing Instructions: Appointment Only, Other, See Remarks, ShowingTime
Special Sale Provisions: None
Special View Info: Water
Utilities: Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
Vegetation: Mature Landscaping
Water: Public
Water Access: Beach, Gulf/Ocean to Bay
Water Access Y/N: Yes
Waterfront Features: Gulf/Ocean
Water View: Gulf/Ocean - Partial
Windows: Blinds
Zoning: R3MX
$975,000
2beds
2.0baths
961sqft
Active
BEDS2 BATHS2 full SQUARE FEET961 MLS#N6141238
STATUSActive PROPERTY TYPEResidential - Condominium SUBDIVISIONSEAGRAPE INN

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5125 Gulf Of Mexico Drive, Unit 7, Longboat Key, FL 34228.

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Estimated Payment

$ 4,503.55 per month $3,288.51 Principal & Interest $930.67 Property Tax $284.38 Homeowner's Insurance

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About this area

Florida/Longboat Key
Longboat Key

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About Longboat Key

Longboat Key, FL recently was named one of Condé Nast's Top Ten Traveler’s Islands. Longboat Key possesses something uniquely its own. There is a natural beauty and elegance to Longboat Key that entrances visitors and residents, and in many ways it’s the perfect beach getaway. Those that live there have stunning scenery, a luxurious vibe, and easy access to places like Sarasota, Bradenton, and Tampa.


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About this community

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/03/2026. The listing information on this page last changed on 03/03/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 03/03/2026 12:32:12 AM EST) or Stellar MLS (last updated Tue 03/03/2026 12:14:05 AM EST). Real estate listings held by brokerage firms other than Wagner Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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