$1,350,000
Active
82 Days Online
2 Beds2 Baths1,028 SQFT
Active

5311 Gulf Of Mexico Drive #3Longboat Key, FL 34228

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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!

  • Property TypeCondo
  • NeighborhoodMccalls Beach Castle
  • CountyManatee
  • Taxes$12,051
  • HOA/Condo/Coop Fees$1,301
  • Days on Site81 Days
  • MLS StatusActive
  • MLS ID NumberA4604824
  • Home Size Source Public Records
  • Year Built1973
  • Lot Size1.01 Acres
  • Full Baths2
  • Partial BathsN/A

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General Features

  • Style Florida
  • Construction Stucco
  • Parking Off Street
  • Sewer Public Sewer
  • Number of Stories 1
  • Acreage 1.01
  • Water Public
  • Property Sub Type Condominium
  • Utilities Cable ConnectedPhone AvailableSewer ConnectedUnderground UtilitiesWater Connected
  • Foundation Slab
  • Zoning R4MX
  • Direction Faces East
  • Minimum Lease 1-7 Days
  • Ownership Condominium
  • Parcel Number 7993710259

Interior Features

  • Cooling Central Air
  • Heating Central
  • Appliances Convection OvenDishwasherMicrowaveRefrigerator
  • Flooring Tile
  • Interior Ceiling Fans(s)Eat-in KitchenKitchen/Family Room Combo
  • Laundry Features Common Area
  • Fireplace No

Exterior Features

  • Roof Concrete
  • View Water
  • Spa Yes
  • Pool Features DeckGuniteIn GroundLighting
  • Spa Features HeatedIn Ground
  • Waterfront Property Yes
  • Waterfront Features Gulf/ Ocean to Bay
  • Exterior Outdoor GrillSidewalkTennis Court(s)
  • Lot LandscapedSidewalk
  • Patio And Porch CoveredEnclosedScreened
  • Other Structures Tennis Court(s)
  • Water Extras Fishing Pier

Community Features

  • Association Dues 1301.92
  • Pets Dogs O KNumber LimitSize Limit
  • Township 35S
  • Community Features Fitness CenterPoolTennis Courts
  • Senior Community No
  • MLS Area 34228 - Longboat Key

Schools

School District
Unknown
Elementary School
Anna Maria Elementary
Middle School
Martha B. King Middle
High School
Bayshore High

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Monthly Payment (Est.)

$7,149
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