$1,250,000
Active
38 Days Online
2 Beds2 Baths961 SQFT
Active

5125 Gulf Of Mexico Drive #7Longboat Key, FL 34228

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  • Sun, Sep 29: 3pm-7pm
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Exceptional Investment Opportunity: Turnkey Furnished Condo at Seagrape Inn** Discover an exceptional investment opportunity with this elegant, fully renovated, turnkey furnished condo in the exclusive boutique-style Seagrape Inn, a resort with only eight units. Nestled beachside on the beautiful Gulf of Mexico, the Seagrape Inn offers an idyllic setting for both personal use and rental income. Owners can enjoy unlimited personal usage while benefiting from a lucrative rental program managed by a professional on-site property manager, with no minimum rental restrictions. This condo promises potential annual revenue exceeding $106, 000 currently, while still allowing ample personal use. The current owners have a profit and loss statement ready to share. The Seagrape Inn is meticulously maintained, featuring lush landscaping in an upscale tropical setting. Unit 7, located on the second floor, offers exceptional views of the ocean and pool. Relax on your screened lanai, enjoying the warm breeze with your morning coffee, afternoon cocktail, or a good book. Inside, the spacious open floor plan provides plenty of room to unwind, complete with all new, comfortable furniture and a flat-screen TV in the living area. The fully renovated interior boasts first-class materials and finishes throughout the entire space. Improvements made 2023/2024 include new luxury waterproof vinyl floors throughout, new interior paint, new doors and trim, a full kitchen renovation with new cabinets, granite countertops, and appliances. Both bathrooms have been fully renovated with new tiles, vanities, and showers. The primary bedroom features an inviting king-size bed, ample closet space, a flat-screen TV, and a recently remodeled bathroom. The second bedroom includes a queen-size bed, a flat-screen TV, and a recently remodeled bath as well. A new A/C unit was installed in 2021. This condo is sold fully turn-key furnished and, includes dedicated parking an owner's locker, and is conveniently located near restaurants and shops. The complex recently installed hurricane windows and doors. Amenities at Seagrape Inn include: - Private Entrance to Each Condo - Private Heated Pool - Private Beach Area with Lounge Chairs & Umbrellas - On-Site Laundry & Ice Machine - Upgraded Wi-Fi throughout the Resort - Cable TV - Gazebo with Gas BBQ Grill - Beach Towels & Linens Enjoy the extremely private, quiet, and serene atmosphere of this lovely condo, the perfect getaway to relax and enjoy spectacular Gulf sunsets while creating new memories. Don't miss this opportunity!

  • Property TypeCondo
  • NeighborhoodSeagrape Inn
  • CountyManatee
  • Taxes$7,654
  • HOA/Condo/Coop Fees$2,356
  • Days on Site38 Days
  • MLS StatusActive
  • MLS ID NumberA4616212
  • Home Size Source Public Records
  • Year Built1983
  • Lot Size Acres
  • Full Baths2
  • Partial BathsN/A

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General Features

  • Style Traditional
  • Construction ConcreteStucco
  • Sewer Public Sewer
  • Number of Stories 12
  • Water Public
  • Property Sub Type Condominium
  • Utilities Cable AvailableElectricity ConnectedUnderground Utilities
  • Foundation BlockSlab
  • Zoning LBK_R-3MX
  • Direction Faces South
  • Minimum Lease No Minimum
  • Ownership Fee Simple
  • Parcel Number 7997300400

Interior Features

  • Cooling Central Air
  • Heating Central
  • Appliances Convection OvenDishwasherDisposalElectric Water HeaterMicrowaveRange HoodRefrigerator
  • Flooring Ceramic TileLuxury Vinyl
  • Furnished? Furnished
  • Interior Living Room/Dining Room ComboOpen FloorplanSplit BedroomThermostat
  • Laundry Features Other
  • Window Features Blinds
  • Fireplace No

Exterior Features

  • Roof Membrane
  • View Water
  • Pool true
  • Pool Features GuniteHeatedIn Ground
  • Waterfront Property Yes
  • Waterfront Features Beach Front
  • Private Pool true
  • Exterior BalconyHurricane ShuttersIrrigation SystemLightingOutdoor GrillSidewalkSliding Doors
  • Lot Coastal Construction Control LineFlood ZoneCity LimitsNear MarinaSidewalk
  • Patio And Porch CoveredScreened
  • Other Structures Storage

Community Features

  • Association Dues 7069
  • Association Amenities LaundryMaintenanceStorage
  • Pets Yes
  • Township 35
  • Community Features Association Recreation - OwnedDeed RestrictionsPool
  • Senior Community No
  • MLS Area 34228 - Longboat Key
  • Association Fee Includes PoolEscrow Reserves FundMaintenance StructureMaintenance GroundsMaintenanceManagementSewerTrashWater

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.)

$6,047
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