4725 GULF OF MEXICO DRIVE Unit: 308

LONGBOAT KEY, FL, 34228

$719,000

$651 per ft²
$719,000
$651 per ft²
Pending
Pending
 - For Sale
beds
2 Beds
baths
2 Baths
carpenters-square
1,104 ft²
property_type
Condo
calendar
Built 1974
Opportunity to invest in a vacation rental on Longboat Key that allows rentals with a 3-day minimum lease managed by on-site management. No cap on owner usage so you can also use it extensively yourself. This top-floor condominium with vaulted ceilings has updated bathrooms and tile flooring throughout. It even offers a peek of the Gulf from the sizable balcony. It comes turnkey furnished. Sand Cay is a beautiful Gulf-front beach resort with lush, tropical landscaping, tennis court, pool, shuffleboard, a barbecue area, lounge chairs and showers on the beach. No need to worry about the future. In 2008 the whole building went through an extensive reconstruction. This included building anchoring, exterior walls, windows, doors, stairways, walkways and steel beams. The owner paid about $85,000 special assessment. Additionally, in 2016 a new metal roof was installed. In order to avoid special assessments in the future a big share of the condominium fees feeds a reserve fund. On-site management fees are 18 % if on-site management brings the guest and 15% if the owner provides a guest. Reported revenue in 2021 was $36,181. Zota Beach Resort with a bar and restaurant is next door. Publix, Walgreens, banks, post office and restaurants are close by on the Key. A 15-minute drive brings you to St. Armands Circle, a 20-minute drive to downtown Sarasota.
MLS® ID:
A4540738
Listed:
6/23/22
Updated:
8/13/22

Interior Features

Kitchen Appliances
Dishwasher, Electric Water Heater, Microwave, Range, Range Hood, Refrigerator
Total Bedrooms
2
Full Bathrooms
2
Interior Features
Ceiling Fans(s), High Ceilings, Living Room/Dining Room Combo, Thermostat, Vaulted Ceiling(s)
Laundry Description
Laundry Room, Outside
Floor Description
Tile
Cooling
Central Air
Heating
Central, Electric

Exterior/Building Features

Exterior Features
Balcony, Irrigation System, Lighting, Outdoor Grill, Sidewalk, Sliding Doors, Tennis Court(s)
Architectural Style
Other
Lot Details
Flood Zone
Roof
Built-Up
Sewer
Public Sewer

School Information

High School
Bayshore High
Middle/Jr High
Martha B. King Middle
Elementary School
Anna Maria Elementary

Other Property Details

Area Name
34228 - Longboat Key
Taxes
$6622
Tax Frequency
per YEAR
HOA Amenities
Cable TV, Laundry, Pool, Tennis Court(s)
Garage
No
Parking
Assigned, Guest
View
Y
County
Manatee
Utilities
Cable Connected, Electricity Connected, Street Lights, Underground Utilities, Water Connected
Water Source
Public
Pool
No
Total Stories
3
Zoning
T6

Property History

Date
Event
Price
Value
7/27/22
Pending
-
-

Courtesy of PREMIER SOTHEBYS INTL REALTY

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Data last updated 8/13/22, 4:27 AM UTC

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