NOT LISTED FOR SALE

3970 Gulf of Mexico Dr Longboat Key, FL 34228

Estimated Value: $3,134,000 - $4,498,000

0.46 Acre
$7,789,848 Price per Acre
20,038 Sq Ft Lot

Last Sold February 09, 2023

Last sale price $3,600,000 $1,635 Per Sq Ft

Current estimated payment $22,873/month

257 Days on Market

Highlights

  • Boat Dock
  • Beach Access
  • Full Gulf or Ocean Views
  • Southside Elementary School Rated A
  • Fishing
  • 4-minute walk to Bayfront Park Recreation Center

About This Lot

As of February 2023

There is a clear hierarchy when it comes to waterfront real estate in Southwest Florida, and the most valued and scarce land resource is the gulf-front property.

3970 Gulf of Mexico Drive is one of the only buildable lots currently available on Longboat Key with direct Gulf views. Ideally situated mid-key, this 20k SF blank canvas parcel is ready for your architect to design an ocean-view masterpiece, taking full advantage of the 127’ of width to offer panoramic Gulf views from nearly every room. Prefer not to wait to have plans drawn up from scratch? Mark Sultana of DSDG, one of Sarasota’s most in-demand architects, has designed a 5,600 SF modern floorplan that could be submitted for permitting almost immediately, saving you 6-9 months in the design process (plans available for separate purchase).

With road access available internally in the Longboat Key Estates community, there is no need to enter and exit the property directly on Gulf of Mexico Drive. Further, with thoughtful placement of a privacy wall along Gulf of Mexico Drive, the road will nearly disappear from sight within the new home, leaving nothing but sea air and sand between your vantage point and the turquoise Gulf waters and breathtaking sunsets beyond. Longboat Key Estates owns the land directly seaward of the property, which affords residents a gated private beach access and a gazebo on the beach. There is also a community dock on the bay side of the neighborhood, and Bayfront Park is right next door with tennis, pickleball, basketball, dog park, and much more to offer.

This package of optimal location, enchanting views, and build-ready convenience does not present itself often. Inquire for more details, including a property survey and builder/architect recommendations.

Last Agent to Sell the Property

Toni Zarghami

KW COASTAL LIVING III License #3283821 Listed on: 05/05/2022

KW COASTAL LIVING III

Last Buyer's Agent

Toni Zarghami

KW COASTAL LIVING III License #3283821 Listed on: 05/05/2022

KW COASTAL LIVING III

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,642

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 127x148x144x149
  • Southwest Facing Home
  • Cleared Lot
  • Property is zoned R4SF

HOA Fees

  • $83 Monthly HOA Fees

Property Views

  • Full Gulf or Ocean Views

Schools

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

Listing and Financial Details

  • Legal Lot and Block 4 / A
  • Assessor Parcel Number 0002050014

Community Details

Overview

  • Longboat Key Estates Club Assn./David E. Novak Association, Phone Number (941) 306-1118
  • Visit Association Website
  • Longboat Key Estates Community
  • Longboat Key Estates Subdivision

Recreation

  • Boat Dock
  • Fishing
  • Beach Access
  • Water Access
  • Fishing Pier
  • First Come-First Served Dock

Property Details

Property Type

Land

Est. Annual Taxes

$7,642

Lot Details

0

HOA Fees

$83 per month

Listing Details

  • Property Type: Land
  • Lot Size Acres: 0.46
  • Lot Size Sq Ft: 20234
  • Directions to Property: Cross the Ringling Bridge toward St. Armands. Enter St. Armands roundabout and take the 1st exit, turning right/north. Cross the bridge onto LBK and follow Gulf of Mexico Dr. to 3970 GULF OF MEXICO DR on the right. Just before arriving at the property, you may turn right onto Royal Rd to enter Longboat Key Estates and park on the East side of the property along Royal Rd.
  • Status: Sold
  • Total Acreage: 1/4 to less than 1/2
  • Subdivision Num: 948
  • Ratio: Close Price\List Price: 0.90113
  • Price per Sq Ft: 177.92
  • Close to Original List Price Ratio: 0.80899
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2021
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Living Area Units: Square Feet
  • Street Number Modifier: 3970

Exterior Features

  • Direction Faces: Southwest
  • Water Body Name: Gulf Of Mexico
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water View: Gulf/Ocean - Full
  • Water Access: Beach
  • Water Extras: Dock - Slip 1st Come, Fishing Pier
  • Water View Y N: Yes
  • Front Footage: 127
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Additional Water Information: Across the street from the Gulf of Mexico, View is west, south-west. HOA community Beach House and Fishing Dock on the bay.
  • Disclosures: HOA/PUD/Condo Disclosure

Garage/Parking

  • Open Parking: No

Utilities

  • Utilities: Electricity Available, Sewer Available, Water Available
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Fishing, Water Access, Waterfront
  • Association Amenities: Boat Dock
  • Association Fee: 1000
  • Association Fee Frequency: Annually
  • Association Name: Longboat Key Estates Club Assn./David E. Novak
  • Phone: 941-306-1118
  • Association: Yes
  • Association Website: www.lbkestates.com
  • Association Email: david@longboatps.com
  • Association Fee Requirement: Required

Fee Information

  • Total Annual Fees: 1000
  • Monthly HOA Fee: 83.33
  • Total Monthly Fees: 83.33

Schools

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

Lot Info

  • Zoning: R4SF
  • Parcel Number: 0002050014
  • Additional Parcels: No
  • Current Use: Residential
  • Lot Features: Buildable, Cleared, CoastalConstruction Control Line
  • Lot Dimensions: 127x148x144x149
  • Price Per Acre: 7826087
  • Flood Zone Code: AE
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes
  • For Lease Y N: No

Tax Info

  • Tax Annual Amount: 7642.33
  • Tax Block: A
  • Tax Book Number: 5-98
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 6, 2024
Sold by
Jonathan V Beukelman Revocable Trust and Beukelman Jonathan V
Bought by
Jami J Beukelman Revocable Trust and Beukelman
Current Estimated Value
$3,583,330

Purchase Details

Listed on
May 5, 2022
Closed on
Feb 9, 2023
Sold by
Jca Holdings Llc
Bought by
Jonathan V Beukelman Revocable Trust and Jami J Beukelman Revocable Trust
Seller's Agent
Toni Zarghami
KW COASTAL LIVING III
Buyer's Agent
Toni Zarghami
KW COASTAL LIVING III
List Price
$4,450,000
Sold Price
$3,600,000
Premium/Discount to List
-$850,000
-19.1%
Views
19

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.89%

Purchase Details

Listed on
Jan 29, 2022
Closed on
Feb 11, 2022
Sold by
Smith Saundra S
Bought by
Jca Holdings Llc
Seller's Agent
steve shurte
Starlink Realty, Inc
Buyer's Agent
non-member MLS
List Price
$2,400,000
Sold Price
$3,000,000
Premium/Discount to List
$600,000
25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.36%
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
Jami J Beukelman Revocable Trust $100 None Listed On Document
Jonathan V Beukelman Revocable Trust $3,600,000 --
Jca Holdings Llc $3,000,000 Infanti Michael P
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Smith Saundra S $130,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/09/2023 02/09/23 Sold $3,600,000 -9.9% $1,635 / Sq Ft
10/20/2022 10/20/22 Price Changed $3,995,000 -10.2% $1,814 / Sq Ft
05/05/2022 05/05/22 For Sale $4,450,000 +48.3% $2,021 / Sq Ft
02/15/2022 02/15/22 Pending -- -- --
01/29/2022 01/29/22 Sold $3,000,000 +25.0% $1,362 / Sq Ft
01/29/2022 01/29/22 For Sale $2,400,000 -- $1,090 / 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 $35,314 $2,626,300 $2,626,300 --
2023 $35,314 $2,627,300 $2,627,300 $0
2022 $13,446 $1,449,558 $0 $0
2021 $7,642 $518,972 $0 $0
2020 $7,628 $507,264 $0 $0
2019 $7,599 $545,049 $0 $0
2018 $6,924 $478,360 $0 $0
2017 $5,567 $412,100 $388,800 $23,300
2016 $5,559 $404,700 $378,600 $26,100
2015 $5,627 $412,400 $351,900 $60,500
2014 $6,766 $477,787 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4533244

Stellar MLS

APN: 0002-05-0014