$530,000
SOLD JUN 4, 2021

5135 Gulf of Mexico Dr Unit 203 Longboat Key, FL 34228

3 Beds
2 Baths
1,516 Sq Ft
$1,693/mo HOA Fee

Recently Sold

$350 Per Sq Ft

10% Below List Price

70 Days on Market

Highlights

  • 100 Feet of Waterfront
  • Water access To Gulf or Ocean
  • Heated In Ground Pool
  • Anna Maria Elementary School Rated A-
  • Private Beach
  • Fishing

About This Home

As of March 2023

Fantastic opportunity to own a 3-bedroom condo on the beach for under $600K. The building is quiet and private with only 8 residences. The unit is spacious and comfortable. The kitchen is updated from original along with very nice tile in most rooms and carpeting in the bedrooms. The unit is in need of fresh paint. The bathrooms are in good condition, but could use some updating. Full size stackable washer and dryer are in the unit. Nice size lanai with a great gulf view. Most of the furnishings stay, unit is staged for sale. The beach is private and quiet. Extra bonus is 2 under building parking spaces and a large storage unit. The unit can be rented monthly. Very nice grounds, this a perfect beach house without all the maintenance of a single-family home.

Last Agent to Sell the Property

Debbie Lane

RE/MAX ALLIANCE GROUP License #0678370 Listed on: 12/29/2020

RE/MAX ALLIANCE GROUP

Last Buyer's Agent

Han Ching

FINE PROPERTIES License #3369273

FINE PROPERTIES

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,430

Year Built

  • Built in 1985

Lot Details

  • 100 Feet of Waterfront
  • Property fronts gulf or ocean
  • Private Beach
  • East Facing Home
  • Land Lease expires 4/30/21

HOA Fees

  • $1,693 Monthly HOA Fees

Parking

  • 2 Carport Spaces

Home Design

  • Slab Foundation
  • Built-Up Roof
  • Concrete Siding
  • Block Exterior

Interior Spaces

  • 1,516 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Window Treatments
  • Partial Bay or Harbor Views

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stone Countertops

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Heated In Ground Pool
  • Water access To Gulf or Ocean
  • Outdoor Storage

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, maintenance structure, ground maintenance, pest control, pool maintenance, private road, sewer, trash, water
  • $2,600 Other Monthly Fees
  • Kayla Charles Association, Phone Number (941) 923-2323
  • Visit Association Website
  • Mid-Rise Condominium
  • Seascape Condominium Community
  • Seascape Subdivision
  • Rental Restrictions

Amenities

  • Elevator
  • Community Storage Space

Recreation

  • Community Pool
  • Fishing

Pet Policy

  • Pets up to 20 lbs
  • 1 Pet Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,430

Year Built

Built in 1985

Lot Details

0

HOA Fees

$1,693 per month

Listing Details

  • HOA Fee Includes: Cable TV, Maintenance Structure, Maintenance Grounds, Pest Control, Pool Maintenance, Private Road, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block, Concrete
  • Fireplace: No
  • Living Area: 1516
  • Lot Size Acres: 1.2
  • New Construction: No
  • Year Built: 1985
  • Lot Size Sq Ft: 52135
  • Directions to Property: Gulf Of Mexico Drive to 5135. Seascape sign is small and blue. Go to the left when you pull in, under building spaces are numbered, 203
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4487138?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4487138?w=Customer
  • Floor Number: 3
  • Homestead Y N: No
  • Number Of Pets: 1
  • Unit Number Y N: No
  • Other Fees Amount: 2600
  • Property Description: Mid Rise
  • Ratio: Close Price\List Price: 0.89983
  • Price per Sq Ft: 349.6
  • Close to Original List Price Ratio: 0.89983
  • View: No
  • Ownership: Condominium
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Stone Counters, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Stories: 3
  • Street Number Modifier: 5135
  • Room Count: 7

Exterior Features

  • Direction Faces: East
  • Pool Features: Heated, In Ground
  • Exterior Features: Storage
  • Roof: Built-Up
  • Pool Private: Yes
  • Waterfront: Yes
  • Water View: Gulf/Ocean - Partial
  • Water Access: Beach - Private, Gulf/Ocean
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Waterfront Frontage: 100
  • Water Frontage Feet Gulf Ocean: 100

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: Yes
  • Garage Yn: No
  • Parking Features: Assigned, Under Building
  • Covered Parking Spaces: 2
  • Open Parking: No

Utilities

  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Fishing, Pool, Water Access, Waterfront
  • Association Amenities: Pool, Storage
  • Association Fee Frequency: Monthly
  • Association Name: Kayla Charles
  • Phone: 941-923-2323
  • Association: Yes
  • Senior Community: No
  • Condo Fees: 1260
  • Condo Fees Term: Monthly
  • Other Fees Term: Semi Annual
  • Association Website: https://onesourcemgmt.com/
  • Association Email: KCharles@onesourcemgmt.com
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 1260
  • Association Fee Requirement: Required
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 20320
  • Total Monthly Fees: 1693.33

Lot Info

  • Zoning: R3MX
  • Parcel Number: 7996400409
  • Additional Parcels: No
  • Flood Zone Code: AE
  • Zoning Compatible Y N: Yes
  • Land Lease Expiration Date: 2021-04-30

Green Features

  • Green Verification Count: 1

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Yes
  • Pet Size: Small (16-35 Lbs.)
  • Max Pet Weight: 20
  • Minimum Lease: 1 Month
  • Approval Process: $100 fee to association manager, 30 days prior to start of lease
  • Num Timesper Year: 12
  • Pet Restrictions: tenants cannot have pets
  • Lease Restrictions Y N: Yes
  • Currency Monthly Rent Amt: 3000
  • Month To Month Or Weekly Y N: Yes
  • Additional Lease Restrictions: no pets tenants

Tax Info

  • Tax Annual Amount: 9430.45
  • Tax Book Number: 1007-1294
  • Tax Lot: 0

Multi Family

  • Waterfront Features: Gulf/Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2022
Closed on
Mar 3, 2023
Sold by
Nah Holdings Llc
Bought by
Pierce Joshua Mark and Pierce Stevie Mark
Seller's Agent
Beth Silverman
EXP REALTY LLC
Buyer's Agent
Toni Zarghami
KW COASTAL LIVING III
List Price
$1,300,000
Sold Price
$1,200,000
Premium/Discount to List
-$100,000
-7.69%
Views
53
Current Estimated Value
$1,094,805

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$105,195
Avg. Annual Appreciation
-3.44%

Purchase Details

Listed on
Dec 29, 2020
Closed on
Jun 4, 2021
Sold by
Larusso Jay J and Carroll Allison J
Bought by
N A H Holdings Llc
Seller's Agent
Debbie Lane
RE/MAX ALLIANCE GROUP
Buyer's Agent
Han Ching
FINE PROPERTIES
List Price
$589,000
Sold Price
$530,000
Premium/Discount to List
-$59,000
-10.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
59.52%
Original Mortgage
$500,000
Interest Rate
2.9%
Mortgage Type
Commercial
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 Type Sale Price Title Company
Warranty Deed $1,200,000 --
Warranty Deed $530,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $500,000 Commercial
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/03/2023 03/03/23 Sold $1,200,000 -4.0% $792 / Sq Ft View Prior Sale
02/09/2023 02/09/23 Pending -- -- --
01/09/2023 01/09/23 Price Changed $1,250,000 -3.8% $825 / Sq Ft
12/01/2022 12/01/22 For Sale $1,300,000 +145.3% $858 / Sq Ft
06/04/2021 06/04/21 Sold $530,000 -10.0% $350 / Sq Ft
03/08/2021 03/08/21 Pending -- -- --
02/15/2021 02/15/21 For Sale $589,000 0.0% $389 / Sq Ft
01/04/2021 01/04/21 Pending -- -- --
12/28/2020 12/28/20 For Sale $589,000 -- $389 / 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
2025 $15,936 $918,000 -- $918,000
2024 $15,936 $1,037,000 -- $1,037,000
2023 $12,149 $816,000 $0 $816,000
2022 $10,732 $672,000 $0 $672,000
2021 $8,938 $555,000 $0 $555,000
2020 $9,430 $555,000 $0 $555,000
2019 $9,262 $550,000 $0 $550,000
2018 $9,245 $540,000 $0 $0
2017 $9,069 $552,500 $0 $0
2016 $8,441 $502,500 $0 $0
2015 $7,660 $456,900 $0 $0
2014 $7,660 $439,625 $0 $0
2013 $7,336 $439,625 $1 $439,624
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4487138

Stellar MLS

APN: 79964-0040-9