PENDING
NEW CONSTRUCTION
$400K PRICE DROP
2944 Gulf of Mexico Dr Longboat Key, FL 34228
Estimated payment $9,247/month
Total Views
2,772
4
Beds
4.5
Baths
4,997
Sq Ft
$310
Price per Sq Ft
Highlights
- Beach Access
- Under Construction
- Partial Gulf or Ocean Views
- Southside Elementary School Rated A
- In Ground Pool
- No HOA
About This Home
Under Construction. Exceptional Custom Home Opportunity with Unobstructed Gulf Views!
2944 Gulf of Mexico Dr offers a rare and exciting opportunity to own and complete a luxury coastal estate on Longboat Key. From the third floor and rooftop deck, enjoy beautiful, unobstructed views of the Gulf of Mexico and breathtaking sunset vistas.
The property boasts a prime location with two beach access points just a short 2–3 minute walk away (Access at 2825 Gulf of Mexico Dr near Neptune Ave and 3055 Gulf of Mexico Dr near Triton Bend). This desirable location is also only a quarter mile from Publix and pharmacy, less than one mile from Bay Isles Golf Course and The Longboat Key Club, and just five miles from the world-renowned St. Armands Circle, offering a vibrant mix of fine dining, shopping, and entertainment.
Currently partially complete (buyer to verify), this residence allows a unique opportunity for the next owner and contractor to bring the approved plans to life. The proposed design features 4 bedrooms, 4 full bathrooms, and 1 powder bath with potentially 4,997 sq ft of heated living area and 10,451 sq ft total under roof, spread across three floors with a stunning rooftop deck.
Additional highlights include two 2-car garage (total fit up to 4 cars), multiple balconies and terraces, and a pre-designed shaft for optional future elevator installation. The home is engineered to meet Florida Building Code 2017 standards.
Heavy construction including the foundation and structural framing has already been started by a licensed builder. The remaining work, final design selections, and permitting are left for the buyer and their builder to customize and complete.
Property is offered as-is, unfinished. Buyer must verify all permits, plans, and finishing requirements with the local jurisdiction prior to closing.
This is an extraordinary chance to create and complete a signature luxury residence in one of Sarasota County’s most sought-after coastal neighborhoods.
Listing Agent
PREFERRED SHORE LLC Brokerage Phone: 941-999-1179 License #3292158 Listed on: 05/13/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,234
Year Built
- Built in 2025 | Under Construction
Lot Details
- 0.3 Acre Lot
- Lot Dimensions are 100x115
- West Facing Home
- Property is zoned R4MX
Parking
- 4 Car Attached Garage
Home Design
- Home is estimated to be completed on 12/31/26
- Tri-Level Property
- Concrete Siding
- Concrete Perimeter Foundation
- Stucco
Interior Spaces
- 4,997 Sq Ft Home
- Living Room
- Partial Bay or Harbor Views
- Laundry in unit
Bedrooms and Bathrooms
- 4 Bedrooms
Outdoor Features
- In Ground Pool
- Beach Access
Utilities
- No Heating
Community Details
- No Home Owners Association
- Built by FHM CONSTRUCTION, INC
- Coquina Beach Subdivision
- Coquina Beach Community
Listing and Financial Details
- Visit Down Payment Resource Website
- Legal Lot and Block 11 / D
- Assessor Parcel Number 0005160017
Map
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Home Values in the Area
Average Home Value in this Area
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 | $9,450 | $590,200 | $590,200 | -- |
| 2023 | $9,450 | $711,400 | $711,400 | $0 |
| 2022 | $8,869 | $665,700 | $665,700 | $0 |
| 2021 | $8,015 | $534,300 | $534,300 | $0 |
| 2020 | $5,652 | $484,100 | $484,100 | $0 |
| 2019 | $4,624 | $363,100 | $363,100 | $0 |
| 2018 | $4,589 | $375,900 | $375,900 | $0 |
| 2017 | $4,164 | $174,741 | $0 | $0 |
| 2016 | $4,321 | $402,000 | $402,000 | $0 |
| 2015 | $4,020 | $383,400 | $383,400 | $0 |
| 2014 | $3,388 | $119,350 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/26/2025 07/26/25 | Pending | -- | -- | -- |
| 07/23/2025 07/23/25 | Price Changed | $1,550,000 | -8.8% | $310 / Sq Ft |
| 06/09/2025 06/09/25 | Price Changed | $1,700,000 | -12.8% | $340 / Sq Ft |
| 05/13/2025 05/13/25 | For Sale | $1,950,000 | +178.6% | $390 / Sq Ft |
| 09/15/2020 09/15/20 | Sold | $700,000 | -6.7% | $302 / Sq Ft |
| 06/14/2020 06/14/20 | Pending | -- | -- | -- |
| 10/10/2019 10/10/19 | For Sale | $750,000 | -- | $323 / Sq Ft |
Source: Stellar MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $100 | Fidelity National Title Of Flo | |
| Interfamily Deed Transfer | -- | Accommodation | |
| Warranty Deed | $700,000 | Attorney |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $3,600,000 | New Conventional |
Source: Public Records
Similar Homes in Longboat Key, FL
Source: Stellar MLS
MLS Number: A4652400
APN: 0005-16-0017
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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