OPEN SAT 1PM - 3PM
$45K PRICE DROP
5125 Gulf of Mexico Dr Unit 7 Longboat Key, FL 34228
Estimated payment $8,785/month
Total Views
9,346
2
Beds
2
Baths
961
Sq Ft
$1,015
Price per Sq Ft
Highlights
- 100 Feet of Ocean or Gulf Waterfront
- Beach Access
- Partial Gulf or Ocean Views
- Anna Maria Elementary School Rated A-
- Gunite Pool
- Open Floorplan
About This Home
Nestled in the heart of Longboat Key, this exceptional two-bedroom, two-bathroom beachfront condo offers a rare blend of luxury, comfort, and high rental potential. Situated within the meticulously maintained Seagrape Inn, this turnkey furnished unit is an investor’s dream, boasting a potential gross annual revenue of $108,000 and a net operating income of $66,000. The Seagrape Inn's lush landscaping and upscale tropical ambiance create an idyllic setting along the stunning Gulf of Mexico, perfect for both personal enjoyment and income generation. Amenities at Seagrape Inn include a private entrance to each condo, a private heated pool, a private beach area with lounge chairs and umbrellas, on-site laundry and ice machine, upgraded Wi-Fi throughout the resort, cable TV, a gazebo with a gas BBQ grill, and beach towels and linens.
Unit 7, perched on the second floor, provides breathtaking views of the ocean and the inviting pool below. Upon entry, the condo exudes sophistication, with a thoughtfully designed living space that seamlessly connects the living room, dining area, and upgraded kitchen. The kitchen, recently renovated to perfection, features new cabinets, countertops, recessed lighting, plumbing fixtures, and state-of-the-art appliances. The entire unit has been enhanced with new waterproof LVP flooring, fresh interior paint, and modern light fixtures, ensuring a contemporary and elegant aesthetic throughout.
Both bedrooms are tastefully furnished, offering serene retreats after a day at the beach. The bathrooms have been completely remodeled, showcasing new vanities, tile work, shower doors, and plumbing fixtures. Step onto the screened balcony to savor unparalleled views of the ocean, pool, and lush greenery—a perfect spot to relax and soak in the tranquil surroundings.
Beyond the condo's exquisite interior, significant exterior improvements have been made, including the installation of hurricane windows and doors, new deck waterproofing, and exterior painting. The convenience of a designated parking spot adds to the property’s appeal.
Located in a prime area of Longboat Key, this condo provides easy access to the beach, Gulf, and nearby restaurants and shops. Whether you're seeking a lucrative investment or a luxurious personal retreat, this beachfront condo offers an extraordinary opportunity to experience the best of coastal living in an unparalleled location.
Listing Agent
KELLER WILLIAMS ON THE WATER S Brokerage Phone: 941-803-7522 License #3360491 Listed on: 01/21/2025
Open House Schedule
-
Saturday, August 16, 20251:00 to 3:00 pm8/16/2025 1:00:00 PM +00:008/16/2025 3:00:00 PM +00:00Add to Calendar
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $11,168
Year Built
- Built in 1983
Lot Details
- 100 Feet of Ocean or Gulf Waterfront
- South Facing Home
- Mature Landscaping
HOA Fees
- $2,516 Monthly HOA Fees
Parking
- Assigned Parking
Home Design
- Turnkey
- Slab Foundation
- Built-Up Roof
- Block Exterior
- Stucco
Interior Spaces
- 961 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Blinds
- Combination Dining and Living Room
- Partial Bay or Harbor Views
- Laundry Located Outside
Kitchen
- Convection Oven
- Range with Range Hood
- Microwave
- Dishwasher
- Disposal
Flooring
- Tile
- Luxury Vinyl Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- Primary Bedroom on Main
- 2 Full Bathrooms
- Makeup or Vanity Space
- Single Vanity
- Shower Only
Pool
- Gunite Pool
- Outside Bathroom Access
- Pool Lighting
Outdoor Features
- Beach Access
- Water access To Gulf or Ocean To Bay
- Screened Patio
- Outdoor Grill
Schools
- Anna Maria Elementary School
- Martha B. King Middle School
- Bayshore High School
Utilities
- Central Air
- Heating Available
- Thermostat
- Electric Water Heater
- Cable TV Available
Listing and Financial Details
- Visit Down Payment Resource Website
- Tax Lot 7
- Assessor Parcel Number 7997300400
Community Details
Overview
- Association fees include pool, maintenance structure, ground maintenance, management, sewer, trash, water
- Wanda Hatfield Association, Phone Number (941) 383-2105
- Seagrape Inn Condos
- Seagrape Inn Condo Community
- Seagrape Inn Subdivision
- The community has rules related to deed restrictions
Amenities
- Laundry Facilities
Recreation
- Community Pool
Pet Policy
- No Pets Allowed
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 | $11,168 | $726,750 | -- | $726,750 |
| 2023 | $7,654 | $739,500 | $0 | $739,500 |
| 2022 | $5,957 | $504,000 | $0 | $504,000 |
| 2021 | $5,181 | $415,000 | $0 | $415,000 |
| 2020 | $5,164 | $405,000 | $0 | $405,000 |
| 2019 | $4,878 | $395,000 | $0 | $395,000 |
| 2018 | $4,639 | $375,000 | $0 | $0 |
| 2017 | $4,033 | $349,900 | $0 | $0 |
| 2016 | $2,830 | $181,250 | $0 | $0 |
| 2015 | $2,406 | $145,000 | $0 | $0 |
| 2014 | $2,406 | $138,101 | $0 | $0 |
| 2013 | $2,238 | $134,097 | $1 | $134,096 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/03/2025 05/03/25 | Price Changed | $975,000 | -4.4% | $1,015 / Sq Ft |
| 01/21/2025 01/21/25 | For Sale | $1,020,000 | +20.0% | $1,061 / Sq Ft |
| 03/16/2023 03/16/23 | Sold | $850,000 | -1.7% | $884 / Sq Ft |
| 02/17/2023 02/17/23 | Pending | -- | -- | -- |
| 02/14/2023 02/14/23 | For Sale | $865,000 | -- | $900 / Sq Ft |
Source: Stellar MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $850,000 | Properties Title | |
| Interfamily Deed Transfer | -- | Chicago Title Insurance Agen | |
| Quit Claim Deed | $24,400 | -- |
Source: Public Records
Similar Homes in Longboat Key, FL
Source: Stellar MLS
MLS Number: N6136477
APN: 79973-0040-0
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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