$240,000
SOLD JUN 8, 2018

2850 Gulf of Mexico Dr Unit 5 Longboat Key, FL 34228

1 Bed
1 Bath
657 Sq Ft
$300/mo HOA Fee

Recently Sold

$365 Per Sq Ft

13% Below List Price

97 Days on Market

Highlights

  • Water Access
  • Public Beach
  • Deck
  • Southside Elementary School Rated A
  • Open Floorplan
  • Property is near public transit

About This Home

As of June 2018

This adorable condo is Close enough to hear the crashing waves of the Gulf of Mexico! Located in the dog friendly complex of Neptune on Longboat Key - One bedroom, one bathroom condo in an OLD FLORIDA STYLE COMPLEX across the street is the Public BEACH ACCESS that leads to a very secluded spot to soak in the aqua blue water! Located on the rarely available desirable ground floor with the best floor plan in the complex! Neutral tile throughout. Some owners have made the Walk-in closet in the Master bedroom into a 2nd bedroom because of how spacious it is. Sliding glass doors from the living room & bedroom lead to the large tiled screened lanai. Open wood deck overlooks the tropically landscaped grounds. Separate laundry facility on site. Publix grocery & shopping only blocks away. Flexible rental policy and pets allowed make this boutique complex the answer to your snow filled life as the rent can offset the expenses! One of the lowest monthly fees on the entire island of Longboat key!

Last Agent to Sell the Property

Jessica Ross, PA

COLDWELL BANKER REALTY License #3037363 Listed on: 01/19/2018

COLDWELL BANKER REALTY

Last Buyer's Agent

Terri Henson

COLDWELL BANKER REALTY License #3043922

COLDWELL BANKER REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,567

Year Built

  • Built in 1967

Lot Details

  • Public Beach
  • East Facing Home

HOA Fees

  • $300 Monthly HOA Fees

Parking

  • Driveway

Home Design

  • Slab Foundation
  • Block Exterior
  • Stucco

Interior Spaces

  • 657 Sq Ft Home
  • Open Floorplan
  • Furnished
  • Crown Molding
  • Sliding Doors
  • Family Room Off Kitchen
  • Ceramic Tile Flooring

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom

Home Security

Outdoor Features

  • Water Access
  • Deck
  • Screened Patio
  • Porch

Location

  • Property is near public transit
  • City Lot

Schools

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

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include escrow reserves fund, insurance, maintenance structure, ground maintenance, sewer, water
  • Beach At Longboat Key Community
  • Neptune On Longboat Key Subdivision
  • The community has rules related to deed restrictions
  • Rental Restrictions
  • 5-Story Property

Pet Policy

  • 2 Pets Allowed
  • Extra large pets allowed

Additional Features

  • Laundry Facilities
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,567

Year Built

Built in 1967

Lot Details

0

HOA Fees

$300 per month

Listing Details

  • HOA Fee Includes: Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Sewer, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 657
  • New Construction: No
  • Year Built: 1967
  • Building Area Total: 917
  • Directions to Property: Take Gulf Stream (John Ringling Causeway) to St Armands Cir. Take the 1st exit onto N Boulevard of the Presidents. Continue onto John Ringling Pkwy. Continue onto Gulf of Mexico. 2850 Gulf of Mexico is just north of Publix.
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4207591&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4207591&cview=true&show_results=true&customer_portal=true
  • Floor Number: 1
  • Homestead Y N: No
  • Number Of Pets: 2
  • Total Acreage: Non-Applicable
  • Home Warranty Y N: No
  • Subdivision Num: 8347
  • Call Center Phone Number: 800-746-9464
  • Ratio: Close Price\List Price: 0.96
  • Price per Sq Ft: 365.3
  • Close to Original List Price Ratio: 0.87273
  • Ratio: Current Price\Building Area Total: 261.72
  • View: No
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2018
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile
  • Full Bathrooms: 1
  • Interior Amenities: Crown Molding, Kitchen/Family Room Combo, Master Bedroom Main Floor, Open Floorplan
  • Appliances Included: Dishwasher, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 1
  • Levels: Two
  • Stories: 5
  • Street Number Modifier: 2850
  • Room Count: 4
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: East
  • Exterior Features: Sliding Doors
  • Roof: Other
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Deck, Patio, Porch, Screened
  • Water Access: Beach - Public
  • Water View Y N: No
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Disclosures: Condominium Disclosure Available, Lead Paint, Seller Property Disclosure

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Driveway, None
  • Open Parking: No

Utilities

  • Utilities: Cable Available, Electricity Connected, Public
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Deed Restrictions
  • Association Amenities: Laundry
  • Association Fee: 900
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • Security: Smoke Detector(s)
  • Senior Community: No
  • Condo Land Included Y N: No
  • Association Fee Requirement: Required
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 3600
  • Monthly HOA Fee: 300
  • Total Monthly Fees: 300

Schools

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

Lot Info

  • Zoning: R2SF
  • Parcel Number: 0005164005
  • Additional Parcels: No
  • Lot Features: CoastalConstruction Control Line, City Lot, Near Public Transit
  • Flood Zone Code: AE
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Yes
  • Pet Size: Extra Large (101+ Lbs.)
  • Minimum Lease: 1 Month
  • Approval Process: Call agent to hear process. Very simple.
  • Num Timesper Year: 12
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: See HOA Documents

Tax Info

  • Tax Annual Amount: 3567
  • Tax Book Number: 37/34
  • Tax Lot: na

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2018
Closed on
Jun 4, 2018
Sold by
Valco 3 5 Llc
Bought by
Campbell Edward Thomas and Campbell Audrey Katherine
Seller's Agent
Jessica Ross, PA
COLDWELL BANKER REALTY
Buyer's Agent
Terri Henson
COLDWELL BANKER REALTY
List Price
$275,000
Sold Price
$240,000
Premium/Discount to List
-$35,000
-12.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.52%

Purchase Details

Closed on
Dec 1, 2009
Sold by
Dudon Rudy and Dudon Gretchen
Bought by
Valco35 Llc

Purchase Details

Closed on
May 12, 2005
Sold by
Neptune Condominium Developers Llc
Bought by
Dudon Gretchen and Dudon Rudy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,005
Interest Rate
5.12%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Exchange Deed $240,000 Sunbelt Title Agency
Warranty Deed $125,000 None Available
Warranty Deed $277,900 Desjarlais Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $294,000 New Conventional
Previous Owner $264,005 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2025 09/04/25 Price Changed $398,000 -3.9% $606 / Sq Ft
08/15/2025 08/15/25 Price Changed $414,000 -2.4% $630 / Sq Ft
07/31/2025 07/31/25 For Sale $424,000 +76.7% $645 / Sq Ft
06/08/2018 06/08/18 Sold $240,000 -4.0% $365 / Sq Ft
04/27/2018 04/27/18 Pending -- -- --
03/08/2018 03/08/18 Price Changed $250,000 -5.7% $381 / Sq Ft
01/25/2018 01/25/18 Price Changed $265,000 -3.6% $403 / Sq Ft
01/19/2018 01/19/18 For Sale $275,000 -- $419 / 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 $4,408 $298,979 -- --
2023 $4,408 $372,500 $0 $372,500
2022 $4,088 $340,200 $0 $340,200
2021 $3,160 $210,900 $0 $210,900
2020 $2,934 $190,400 $0 $190,400
2019 $3,140 $206,800 $0 $206,800
2018 $2,507 $153,733 $0 $0
2017 $2,123 $139,757 $0 $0
2016 $1,983 $144,100 $0 $144,100
2015 $1,905 $139,300 $0 $139,300
2014 $1,745 $94,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4207591

Stellar MLS

APN: 0005-16-4005