$799,999
PENDING $300K PRICE DROP

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

Estimated payment $7,064/month

Total Views 10,979
3 Beds
2 Baths
1,484 Sq Ft
$539 Price per Sq Ft

Highlights

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

About This Home

Welcome to a Resort Style Gulf-Front Treasure Professionally Designed & Available Fully Furnished or with Curated Selections That Suit Your Style...This 3BR/2BA Residence is Located at the Remarkable and Highly Sought-After 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 & 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 and A Private Storage Room Just Outside of Your Front 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...Call Today to Schedule Your Private Showing and Live a Fuller Life at Club Longboat!

Listing Agent

Bo Fuller

FULLER GROUP REAL ESTATE, LLC Brokerage Phone: 941-961-3100 License #3463731 Listed on: 03/29/2025

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
  • Lot Has A Rolling Slope
  • Irrigation Equipment
  • Oak Trees
  • Fruit Trees
  • Garden

HOA Fees

  • $1,947 Monthly HOA Fees

Property Views

  • Partial Bay or Harbor
  • Woods
  • Garden
  • Pool
  • Tennis Court

Home Design

  • Custom Home
  • Florida Architecture
  • Elevated Home
  • Entry on the 1st floor
  • 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
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Parking

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

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gunite Pool
  • Pool Deck
  • 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
  • Outdoor Grill
  • Rain Gutters

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 #1 Condos
  • Club Longboat Beach & Tennis Community
  • Club Longboat Beach & Tennis Subdivision
  • On-Site Maintenance
  • The community has rules related to deed restrictions

Amenities

  • Clubhouse

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

Security

  • Security Service
  • Fire and Smoke Detector

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
  • Status: Pending
  • Ownership: Condominium
  • Entry Level: 1
  • Escrow City: Sarasota
  • Escrow State: FL
  • Escrow Street Name: S. Pineapple Ave
  • Floor Number: 1
  • Minimum Lease: 1 Month
  • Number Of Pets: 2
  • RATIO Current Price By Calculate: 539.08
  • 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
  • Attribution Contact: 941-961-3100
  • 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, Disposal, 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
  • Living Area Meters: 137.87

Exterior Features

  • Direction Faces: East
  • Other Structures: Storage, Tennis Court(s)
  • Pool Features: Deck, Gunite, Heated, In Ground, Lighting
  • Exterior Features: Courtyard, Garden, Lighting, Other, Outdoor Grill, Rain Gutters, Sidewalk, Sliding Doors, Storage, Tennis Court(s)
  • Roof: Tile
  • Pool Private: No
  • View: Garden, Pool, Tennis Court, Trees/Woods, Water
  • Waterfront: Yes
  • Patio and Porch Features: Patio
  • Road Surface Type: Asphalt
  • Water Access: Beach,Beach - Access Deeded,Gulf/Ocean
  • 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, Washer Hookup
  • 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
  • Security: Fire Alarm, Smoke Detector(s)
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Complex Community Name Nccb: CLUB LONGBOAT #1
  • Association Fee Requirement: Required
  • Condo Fees: 5841
  • Condo Land Included YN: 0
  • Max Pet Weight: 101
  • 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, Rolling Slope, Sidewalk, Sloped, Paved
  • Flood Zone Code: AE

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
2025 $10,515 $273,700 -- $273,700
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
09/25/2025 09/25/25 Pending -- -- --
09/11/2025 09/11/25 Price Changed $799,999 -5.8% $539 / Sq Ft
08/23/2025 08/23/25 Price Changed $849,000 -1.2% $572 / Sq Ft
08/11/2025 08/11/25 Price Changed $859,236 -1.8% $579 / Sq Ft
07/08/2025 07/08/25 For Sale $875,000 0.0% $590 / Sq Ft
06/04/2025 06/04/25 Pending -- -- --
05/13/2025 05/13/25 Price Changed $875,000 -1.6% $590 / Sq Ft
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

Purchase 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
Source: Public Records

Source: Stellar MLS

MLS Number: A4646703

Stellar MLS

APN: 79981-0030-4