NOT LISTED FOR SALE

2721 Gulf of Mexico Dr Unit 601 Longboat Key, FL 34228

Estimated Value: $920,000 - $1,201,000

3 Beds
2 Baths
1,350 Sq Ft
$1,633/mo HOA Fee

Last Sold January 18, 2024

Last sale price $1,025,000 $759 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $7,823/month

5 Days on Market

Highlights

  • 200 Feet of Public Beach Waterfront
  • Water access To Gulf or Ocean
  • Bamboo Flooring
  • Southside Elementary School Rated A
  • Intracoastal View
  • Main Floor Primary Bedroom

About This Home

As of January 2024

Discover a Rare Gem on Longboat Key: This investment opportunity is a true standout. Rental bookings January – Early April total $36,000 With weekly rentals allowed year-round, an onsite rental office for seamless management without the management cost, and a prime 6th-floor location offering Bay views, this property is a true treasure. Step onto one of two expansive 25’ x 6’ balconies, perfect for taking in the breathtaking scenery. Inside, experience a renovated unit featuring stainless appliances and elegant bamboo floors throughout. This 3-bedroom, 2-bath haven includes a Master Bedroom with its own living area, wet bar, and fridge—a delightful space for morning coffee, home office or evening relaxation The building's enviable location offers 200 feet of Gulf front beach access, making every day a beach day. Enjoy the convenience of a heated Community Pool on the beach side, and take a leisurely stroll to nearby amenities like Publix, CVS, and Longboat Key Community Tennis courts. This turnkey furnished property is a perfect slice of paradise, providing both a personal retreat and rental income potential. Additional features include two storage closets as this condo was originally two units), and impact windows throughout. Don't miss this opportunity to own a piece of Longboat Key's idyllic lifestyle

Last Agent to Sell the Property

Sean Clark

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-383-7591 License #3440725 Listed on: 10/06/2023

MICHAEL SAUNDERS & COMPANY

Last Buyer's Agent

Sean Clark

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-383-7591 License #3440725 Listed on: 10/06/2023

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,123

Year Built

  • Built in 1970

Lot Details

  • 200 Feet of Public Beach Waterfront
  • Property fronts gulf or ocean
  • East Facing Home
  • Mature Landscaping

HOA Fees

  • $1,633 Monthly HOA Fees

Property Views

  • Intracoastal
  • Full Bay or Harbor

Home Design

  • Entry on the 6th floor
  • Slab Foundation
  • Concrete Roof
  • Concrete Siding
  • Stucco

Interior Spaces

  • 1,350 Sq Ft Home
  • Wet Bar
  • Furnished
  • Bar Fridge
  • Ceiling Fan
  • Shutters
  • Drapes & Rods
  • Family Room Off Kitchen
  • Den

Kitchen

  • Eat-In Kitchen
  • Range
  • Ice Maker
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Flooring

  • Bamboo
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • Guest Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Water access To Gulf or Ocean
  • Balcony

Schools

  • Southside Elementary School
  • Booker Middle School
  • Booker High School

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • Electric Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include common area taxes, pool, escrow reserves fund, fidelity bond, maintenance structure, ground maintenance, management, sewer, trash
  • Cindy Aritt Association, Phone Number (941) 383-1083
  • Mid-Rise Condominium
  • Longboat Beachcomber Community
  • Longboat Beachcomber Subdivision
  • 6-Story Property

Recreation

  • Community Pool

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,123

Year Built

Built in 1970

Lot Details

0

HOA Fees

$1,633 per month

Listing Details

  • HOA Fee Includes: Common Area Taxes, Pool, Escrow Reserves Fund, Fidelity Bond, Maintenance Structure, Maintenance Grounds, Management, Sewer, Trash
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Concrete, Stucco
  • Fireplace: No
  • Living Area: 1350
  • New Construction: No
  • Year Built: 1970
  • Building Area Total: 1650
  • Directions to Property: From south Longboat Key, go north on Gulf of Mexico Drive to he Longboat Beachcomber on the gulf side of the road. No assigned parking.
  • Status: Sold
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow State: FL
  • Floor Number: 6
  • List Office Head Office Key Nume: 1046728
  • Minimum Lease: 1 Week
  • RATIO Current Price By Calculate: 759.26
  • Unit Number YN: 0
  • Water Access YN: 1
  • Condo Fees Term: Quarterly
  • Property Description: Mid Rise
  • Water Frontage Feet Beach: 200
  • Attribution Contact: 941-383-7591
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Bamboo, Ceramic Tile, Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, Primary Bedroom Main Floor, Solid Surface Counters, Thermostat, Wet Bar, Window Treatments
  • Appliances Included: Bar Fridge, Dishwasher, Disposal, Dryer, Electric Water Heater, Ice Maker, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Spa Yn: No
  • Stories: 6
  • Window Features: Drapes, Shutters, Window Treatments
  • Street Number Modifier: 2721
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Den/Library/Office
  • Living Area Meters: 125.42
  • Room Count: 10

Exterior Features

  • Direction Faces: East
  • Exterior Features: Balcony
  • Roof: Concrete
  • Pool Private: No
  • View: Water
  • Water Body Name: GULF OF MEXICO
  • Waterfront: Yes
  • Road Surface Type: Asphalt
  • Disclosures: Condominium Disclosure Available, Lead Paint, Other Disclosures, Seller Property Disclosure
  • Water Access: Beach,Gulf/Ocean
  • Water Extras YN: 0
  • Water View: Bay/Harbor - Partial,Intracoastal Waterway
  • Water View YN: 1
  • Waterfront Feet Total: 200
  • Flood Zone Date: 2016-11-04
  • Flood Zone Panel: 12115C0107F

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Guest, Off Street, Open

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Phone Available, Public, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Laundry Closet
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Pool
  • Association Amenities: Pool
  • Association Name: Cindy Aritt
  • Phone: 941-383-1083
  • Association: Yes
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Association Fee Requirement: None
  • Building Name Number: 2721
  • Condo Fees: 4900
  • Condo Land Included YN: 0
  • Montly Maint Amt Addition To HOA: 0
  • Monthly Condo Fee Amount: 1633

Fee Information

  • Total Annual Fees: 19600.00
  • Total Monthly Fees: 1633.33

Schools

  • Elementary School: Southside Elementary
  • High School: Booker High
  • Middle Or Junior School: Booker Middle

Lot Info

  • Zoning: R3MX
  • Parcel Number: 0007041033
  • Additional Parcels: No
  • Flood Zone Code: VE
  • Homestead YN: 0
  • Lot Size Square Meters: 0

Green Features

  • Green Verification Count: 0

Rental Info

  • Furnished: Furnished
  • Pets Allowed: No
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: As per Association Guidelines
  • Month To Month Or Weekly YN: 1

Tax Info

  • Tax Annual Amount: 9123.06
  • Tax Book Number: 812-525
  • Tax Lot: 0

Multi Family

  • Waterfront Features: Gulf/Ocean
  • Approval Process: As per Association Guidelines
  • Currency Monthly Rent Amt: 10700.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2023
Closed on
Jan 18, 2024
Sold by
Ruscitti Kevin D and Ruscitti Elisabeth A
Bought by
Shepherd Investment Holdings Inc
Seller's Agent
Sean Clark
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Sean Clark
MICHAEL SAUNDERS & COMPANY
List Price
$1,100,000
Sold Price
$1,025,000
Premium/Discount to List
-$75,000
-6.82%
Views
12
Current Estimated Value
$1,035,452

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,452
Avg. Annual Appreciation
0.58%

Purchase Details

Closed on
Aug 7, 2009
Sold by
Johnson Linda J
Bought by
Ruscitti Kevin D and Ruscitti Elisabeth A

Purchase Details

Closed on
Nov 19, 2008
Sold by
Johnson Linda J
Bought by
Johnson Linda J

Purchase Details

Closed on
Aug 26, 2005
Sold by
Jackson Don A and Jackson Deborah A Mitchell
Bought by
Johnson Linda J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$418,500
Interest Rate
3.25%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 13, 2000
Sold by
Sonnenfeld Nathan J
Bought by
Jackson Don A and Jackson Deborah A Mitchell
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Shepherd Investment Holdings Inc $1,025,000 Msc Title
Ruscitti Kevin D $275,000 Attorney
Johnson Linda J -- Attorney
Johnson Linda J $465,000 --
Jackson Don A $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Johnson Linda J $418,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/18/2024 01/18/24 Sold $1,025,000 -6.8% $759 / Sq Ft
10/12/2023 10/12/23 Pending -- -- --
10/06/2023 10/06/23 For Sale $1,100,000 -- $815 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $9,123 $662,439 -- --
2023 $9,123 $724,200 $0 $724,200
2022 $8,119 $608,500 $0 $608,500
2021 $7,423 $497,700 $0 $497,700
2020 $7,180 $468,700 $0 $468,700
2019 $8,951 $655,600 $0 $655,600
2018 $8,448 $629,700 $0 $629,700
2017 $8,250 $458,117 $0 $0
2016 $6,714 $442,800 $0 $442,800
2015 $5,989 $388,500 $0 $388,500
2014 $5,555 $312,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4583248

Stellar MLS

APN: 0007-04-1033