$889,000
$211K PRICE DROP

5055 Gulf of Mexico Dr Unit 115 Longboat Key, FL 34228

Longboat Key Neighborhood

Estimated payment $7,752/month

Total Views 2,914
3 Beds
2 Baths
1,484 Sq Ft
$599 Price per Sq Ft

Highlights

  • 1,500 Feet of Waterfront
  • Water access To Gulf or Ocean
  • In Ground Pool
  • Anna Maria Elementary School Rated A-
  • Fitness Center
  • Partial Gulf or Ocean Views

About This Home

Discover Your Rare Gulfside Treasure…A Distinctively Priced, Professionally Designed, and Fully Furnished 3BR/2BA Move-In Ready Residence at the Coveted Club Longboat Beach & Tennis, Offering Deeded Beach Access and Coastal Elegance Throughout…Perfectly Nestled in Building #1 on a Naturally Elevated Slope for Peace of Mind and Protection from Flooding, This First-Floor 1,484sf Split-Plan Home Exudes Effortless Style, Serenity, and Sophisticated Design Rarely Found at This Price Point on Longboat Key’s Gulf Side…Wide-Plank Laminate Wood Flooring Flows Seamlessly Throughout, Enhancing a Warm, Neutral Palette and Curated High-End Finishes…The Gourmet Chef’s Kitchen Anchors the Heart of the Home, Featuring Modern White Cabinetry, Under-Cabinet Lighting, Stainless Steel Appliances, a Sleek Glass Tile Backsplash, and a Large Center Island With Seating—Ideal for Entertaining or Casual Dining…The Expansive Great Room Opens to a Lushly Landscaped Private Patio Through Floor-to-Ceiling Glass Sliders, Creating a Tranquil Indoor-Outdoor Sanctuary…The Primary Suite is a Serene Retreat Featuring Patio Access, a Spa-Inspired Bath with Walk-In Glass Shower, Refined Tilework, and Large Custom Closet Space…Two Guest Bedrooms Are Privately Situated and Equally Well-Appointed…A Generous Laundry Room With Extra Storage, Recessed Lighting, and Sliding Plantation Shutters Completes the Residence…You'll Enjoy the Ease of Covered Parking Steps From Your Door—No Elevators or Long Walks Required…Club Longboat Spans 750 Feet of Direct Gulf-Front Beach and Offers Premier Amenities: 8 Har-Tru Tennis Courts with Lighting and On-Site Pro, 3 Pickleball Courts, 2 Heated Pools and Spa, a Modern Fitness Center, Clubhouse, Social Events, Sauna, Shuffleboard, Beachfront Umbrellas, Lounge Chairs, and Even a Quiet Library for Moments of Retreat…This Unique Community is Multi-Pet Friendly and No Weight Restrictions....Your New Community Has Flexible Leasing for Investment Potential or Seasonal Enjoyment…PLUS Beyond Your Doorstep Lies Championship Golf, Deep-Sea Fishing, World-Class Boating, Paddleboarding, Kayaking, and Pristine Watersports…Explore the Charm of St. Armands Circle, Fine Dining, Boutique Shops, Live Music, Festivals, and Downtown Sarasota's Arts & Culture Scene…Schedule Your Private Showing Today and Live a Fuller Life at Club Longboat!

Listing Agent

William Fuller

FULLER GROUP REAL ESTATE, LLC License #3463731

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,515

Year Built

  • Built in 1973

Lot Details

  • 1,500 Feet of Waterfront
  • 750 Feet of Ocean or Gulf Waterfront
  • 750 Feet of Public Beach Waterfront
  • East Facing Home
  • Mature Landscaping
  • Sloped Lot
  • Irrigation Equipment
  • Landscaped with Trees

HOA Fees

  • $1,947 Monthly HOA Fees

Property Views

  • Partial Bay or Harbor
  • Garden
  • Tennis Court

Home Design

  • Custom Home
  • Florida Architecture
  • Elevated Home
  • Slab Foundation
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,484 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Built-In Features
  • High Ceiling
  • Double Pane Windows
  • Insulated Windows
  • Shutters
  • Blinds
  • Sliding Doors
  • Combination Dining and Living Room

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 1 Carport Space
  • Ground Level Parking
  • Reserved Parking
  • Deeded Parking
  • 1 Assigned Parking Space

Pool

  • In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gunite Pool
  • Pool Lighting

Outdoor Features

  • Water access To Gulf or Ocean
  • Deeded access to the beach
  • Property is near a marina
  • Courtyard
  • Patio
  • Exterior Lighting
  • Outdoor Storage

Location

  • Property is near public transit
  • Property is near a golf course

Schools

  • Anna Maria Elementary School
  • Martha B. King Middle School
  • Bayshore High School

Utilities

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

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, common area taxes, pool, escrow reserves fund, fidelity bond, ground maintenance, maintenance, management, pest control, recreational facilities, security, sewer, trash
  • Jon Riley Association, Phone Number (941) 383-6081
  • Visit Association Website
  • Club Longboat Condos
  • Club Longboat Beach & Tennis Community
  • Club Longboat Beach & Tennis Subdivision
  • On-Site Maintenance
  • The community has rules related to deed restrictions

Recreation

  • Tennis Courts
  • Pickleball Courts
  • Recreation Facilities
  • Shuffleboard Court
  • Fitness Center
  • Community Pool
  • Community Spa
  • Trails

Pet Policy

  • Pets up to 101 lbs
  • 2 Pets Allowed
  • Dogs and Cats Allowed

Additional Features

  • Clubhouse
  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,515

Year Built

Built in 1973

Lot Details

0

HOA Fees

$1,947 per month

Listing Details

  • HOA Fee Includes: Cable TV, Common Area Taxes, Pool, Escrow Reserves Fund, Fidelity Bond, Maintenance Grounds, Maintenance, Management, Pest Control, Recreational Facilities, Security, Sewer, Trash
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Architectural Style: Custom, Elevated, Florida
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1484
  • New Construction: No
  • Year Built: 1973
  • Building Area Total: 1484
  • Directions to Property: Follow S Washington Blvd, Mound St and Bayfront Dr to Gulfstream Ave 5 min (1.7 mi) Drive to Gulf of Mexico Dr in Longboat Key 18 min (10.3 mi) 5055 Gulf of Mexico Dr Longboat Key, FL 34228
  • Status: Active
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow City: Sarasota
  • Escrow Postal Code: 34236
  • Escrow State: FL
  • Escrow Street Name: S. Pineapple Ave
  • Escrow Street Number: 240
  • Floor Number: 1
  • List Office Head Office Key Nume: 740525202
  • Minimum Lease: 1 Month
  • Number Of Pets: 2
  • RATIO Current Price By Calculate: 599.06
  • Unit Number YN: 0
  • Water Access YN: 1
  • Condo Fees Term: Quarterly
  • Property Description: Elevated,Mid Rise,Walk-Up
  • Water Frontage Feet Beach: 750
  • MFR_NumAssignedParkingSpaces: 1
  • MFR_InLawSuiteYN: 0
  • MFR_CommunityAssociationWaterFeatures: Water Access,Waterfront
  • Tax Year: 2024
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Laminate
  • Full Bathrooms: 2
  • Interior Amenities: Built-in Features, Eat-in Kitchen, High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Stone Counters, Thermostat, Window Treatments
  • Appliances Included: Dishwasher, Dryer, Electric Water Heater, Freezer, Ice Maker, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Other Equipment: Irrigation Equipment
  • Spa Features: Heated, In Ground
  • Spa Yn: Yes
  • Stories: 3
  • Window Features: Blinds, Double Pane Windows, Insulated Windows, Shutters
  • Street Number Modifier: 5055
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 137.87
  • Room Count: 5

Exterior Features

  • Direction Faces: East
  • Pool Features: Gunite, In Ground, Lighting
  • Exterior Features: Courtyard, Lighting, Sidewalk, Sliding Doors, Storage, Tennis Court(s)
  • Roof: Tile
  • Pool Private: No
  • View: Garden, Tennis Court, Water
  • Waterfront: Yes
  • Patio and Porch Features: Patio
  • Road Surface Type: Asphalt
  • Water Access: Beach,Beach - Access Deeded,Gulf/Ocean
  • Water Extras YN: 0
  • Water View: Gulf/Ocean - Partial
  • Water View YN: 1
  • Waterfront Feet Total: 1500
  • Water Frontage Feet Gulf Ocean: 750

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: Yes
  • Garage Yn: No
  • Parking Features: Assigned, Covered, Deeded, Ground Level, Guest, Reserved

Utilities

  • Utilities: Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Clubhouse, Deed Restrictions, Fitness Center, Pool, Sidewalks, Tennis Court(s), Street Lights
  • Association Amenities: Clubhouse, Fitness Center, Maintenance, Pickleball Court(s), Pool, Recreation Facilities, Security, Shuffleboard Court, Spa/Hot Tub, Tennis Court(s), Trail(s)
  • Association Fee Frequency: Quarterly
  • Association Name: Jon Riley
  • Phone: 941-383-6081
  • Association: Yes
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Complex Community Name Nccb: CLUB LONGBOAT
  • Association Fee Requirement: Required
  • Building Name Number: 1
  • Condo Fees: 5841
  • Condo Land Included YN: 0
  • Max Pet Weight: 101
  • Montly Maint Amt Addition To HOA: 0
  • Association Email: clublongboat@comcast.net
  • Monthly Condo Fee Amount: 1947
  • Pet Size: Extra Large (101+ Lbs.)
  • Association URL: www.clublongboat.com

Fee Information

  • Total Annual Fees: 23364.00
  • Total Monthly Fees: 1947.00

Schools

  • Elementary School: Anna Maria Elementary
  • High School: Bayshore High
  • Middle Or Junior School: Martha B. King Middle

Lot Info

  • Zoning: R3MX
  • Parcel Number: 7998100304
  • Additional Parcels: No
  • Lot Features: In County, Landscaped, Near Golf Course, Near Marina, Near Public Transit, Private, Sidewalk, Sloped, Paved
  • Flood Zone Code: AE
  • Homestead YN: 0
  • Lot Size Square Meters: 0

Rental Info

  • Furnished: Negotiable
  • Pets Allowed: Cats OK, Dogs OK, Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: See Association rules and regulations.

Tax Info

  • Tax Annual Amount: 10515
  • Tax Book Number: 4-64
  • Tax Lot: 115

Multi Family

  • Waterfront Features: Beach Front, Gulf/Ocean
  • Approval Process: See Association rules and regulations.

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $10,515 $684,250 -- $684,250
2023 $5,645 $397,838 $0 $0
2022 $5,533 $386,250 $0 $0
2021 $5,399 $375,000 $0 $375,000
2020 $5,697 $375,000 $0 $375,000
2019 $5,810 $345,000 $0 $345,000
2018 $6,420 $375,000 $0 $0
2017 $6,991 $425,900 $0 $0
2016 $6,323 $386,300 $0 $0
2015 $5,628 $335,900 $0 $0
2014 $5,628 $323,009 $0 $0
2013 $4,983 $298,650 $1 $298,649
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2025 04/28/25 Price Changed $889,000 -10.6% $599 / Sq Ft
04/23/2025 04/23/25 Price Changed $994,000 -0.1% $670 / Sq Ft
04/15/2025 04/15/25 Price Changed $995,000 -4.2% $670 / Sq Ft
04/09/2025 04/09/25 Price Changed $1,039,000 -5.5% $700 / Sq Ft
03/29/2025 03/29/25 For Sale $1,100,000 +41.9% $741 / Sq Ft
06/28/2023 06/28/23 Sold $775,000 -3.0% $522 / Sq Ft
06/07/2023 06/07/23 Pending -- -- --
05/30/2023 05/30/23 Price Changed $799,000 -3.0% $538 / Sq Ft
05/11/2023 05/11/23 For Sale $824,000 -- $555 / Sq Ft
Source: Stellar MLS

Deed History

Date Type Sale Price Title Company
Warranty Deed $430,000 Attorney
Warranty Deed $375,000 Attorney
Quit Claim Deed $45,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $344,000 Adjustable Rate Mortgage/ARM
Previous Owner $262,500 New Conventional
Previous Owner $153,000 Unknown
Previous Owner $101,500 New Conventional
Source: Public Records

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Source: Stellar MLS

MLS Number: A4646703

Stellar MLS

APN: 79981-0030-4