NOT LISTED FOR SALE

5265 Gulf of Mexico Dr Unit 305 Longboat Key, FL 34228

Estimated Value: $653,000 - $780,000

2 Beds
2 Baths
1,128 Sq Ft
$1,689/mo HOA Fee

Last Sold February 12, 2024

Last sale price $800,000 $709 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $5,957/month

Highlights

  • 200 Feet of Public Beach Waterfront
  • Water access To Gulf or Ocean To Bay
  • Fitness Center
  • Anna Maria Elementary School Rated A-
  • Boat Ramp
  • Heated In Ground Pool

About This Home

As of February 2024

Experience an unparalleled beachfront lifestyle in this meticulously renovated 2-bedroom, 2-bathroom (Plus Bonus Room w/Pull Out Bed) condo residence nestled on the serene shores of Longboat Key. Every detail of this exquisite home has been carefully crafted to offer the utmost luxury and comfort. Walk directly outside to access miles of pristine beach that is perfect for strolls or basking in the sun upon club-provided beach lounge chairs.

Inside you will discover the tasteful sophistication of the recent renovations. The all-new kitchen features stunning quartz countertops and top-of-the-line stainless steel appliances that elevate your culinary experience. The hurricane-impact sliding windows not only provide safety but also frame the breathtaking views of the beach allowing natural light to flood the living spaces.

Sip your morning coffee or enjoy a glass of wine while taking in the soothing sounds of the waves crashing against the shore.

The Banyan Bay Club includes a Sarasota Bayfront side where residents can enjoy a boating day-dock / fishing pier and resort-like amenities, including a sparkling pool and a tennis court for your active lifestyle needs.

Convenience is key, with nearby grocery stores, activity centers, and a variety of eateries, as well as easy access to boat rentals for your aquatic adventures. Nearby Bayfront Park is just a stone's throw away, offering the perfect setting for a game of Pickleball or Tennis.

And when you're in the mood for more leisurely pursuits, the vibrant destinations of St. Armands-Circle and Sarasota are easily accessible, offering a wealth of dining, shopping, and entertainment options. Whether you're seeking relaxation, recreation, or cultural experiences, this beachfront condo provides the perfect gateway to a truly exceptional coastal lifestyle.

Last Agent to Sell the Property

Jens Pinkernell

DOUGLAS ELLIMAN License #3588084 Listed on: 12/22/2023

DOUGLAS ELLIMAN

Co-Listed By

John Brink

OCEANS GLOBAL REALTY, LLC License #3596306

Last Buyer's Agent

Beth Pheney

FINE PROPERTIES License #0563969

FINE PROPERTIES

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,631

Year Built

  • Built in 1974

Lot Details

  • 200 Feet of Public Beach Waterfront
  • East Facing Home

HOA Fees

  • $1,689 Monthly HOA Fees

Property Views

  • Beach
  • Intracoastal

Home Design

  • Slab Foundation
  • Shingle Roof
  • Concrete Siding
  • Stucco

Interior Spaces

  • 1,128 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Sliding Doors
  • Luxury Vinyl Tile Flooring

Kitchen

  • Built-In Oven
  • Cooktop with Range Hood
  • Microwave
  • Wine Refrigerator

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Washer

Parking

  • 1 Carport Space
  • 1 Parking Garage Space

Pool

  • Heated In Ground Pool
  • In Ground Spa

Outdoor Features

  • Water access To Gulf or Ocean To Bay
  • Deeded access to the beach
  • Dock has access to water
  • Boat Ramp
  • Dock made with Composite Material
  • Courtyard
  • Outdoor Storage

Schools

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

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Phone Available
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, pool, escrow reserves fund, insurance, maintenance structure, ground maintenance, management, pest control, private road, recreational facilities, sewer, trash, water
  • Shane Raniere Association
  • Banyan Bay Community
  • The Banyan Bay Club Subdivision
  • On-Site Maintenance

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Pickleball Courts
  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • 0 Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,631

Year Built

Built in 1974

Lot Details

0

HOA Fees

$1,689 per month

Listing Details

  • HOA Fee Includes: Cable TV, Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Management, Pest Control, Private Road, Recreational Facilities, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Concrete, Stucco
  • Fireplace: No
  • Living Area: 1128
  • New Construction: No
  • Year Built: 1974
  • Building Area Total: 1278
  • Directions to Property: Gulf of Mexico Dr. to Banyan Bay Club (5265) 1st set of condos on the BEACH SIDE. Unit 304
  • Status: Sold
  • Co List Office Mls Id: MFR281533516
  • Co List Office Phone: 941-777-0424
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow State: FL
  • Floor Number: 1
  • List Office Head Office Key Nume: 546084334
  • Minimum Lease: 1 Month
  • Number Of Pets: 0
  • RATIO Current Price By Calculate: 709.22
  • Unit Number YN: 0
  • Water Access YN: 1
  • Condo Fees Term: Quarterly
  • Water Frontage Feet Beach: 200
  • MFR_NumAssignedParkingSpaces: 1
  • MFR_InLawSuiteYN: 0
  • MFR_DockDescription: Dock - Composite,Dock w/Water Supply
  • MFR_DockYN: 1
  • Tax Year: 2022
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Luxury Vinyl
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s)
  • Appliances Included: Built-In Oven, Cooktop, Microwave, Range Hood, Refrigerator, Washer, Wine Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Spa Features: In Ground
  • Spa Yn: Yes
  • Stories: 1
  • Street Number Modifier: 5265
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 104.79
  • Room Count: 5

Exterior Features

  • Direction Faces: East
  • Pool Features: Heated, In Ground
  • Exterior Features: Courtyard, Sliding Doors, Storage, Tennis Court(s)
  • Roof: Shingle
  • Pool Private: No
  • View: Water
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water Access: Bay/Harbor,Beach,Beach - Access Deeded,Gulf/Ocean to Bay
  • Water Extras: Boat Ramp - Private
  • Water Extras YN: 1
  • Water View: Beach,Intracoastal Waterway
  • Water View YN: 1
  • Waterfront Feet Total: 200
  • Flood Zone Date: 2021-08-10
  • Flood Zone Panel: 12081C0291F

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 1
  • Carport Y N: Yes
  • Garage Yn: No

Utilities

  • Utilities: Cable Connected, Electricity Connected, Phone Available, Sewer Connected, Underground Utilities, Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Laundry Closet
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse, Pool, Tennis Courts
  • Association Amenities: Fitness Center, Maintenance, Pickleball Court(s), Pool, Spa/Hot Tub, Tennis Court(s)
  • Association Fee Frequency: Quarterly
  • Association Name: Shane Raniere
  • Association: Yes
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Pet Restrictions: Owners only may have pets, no tenants or guests. The number shall not be a nuisance. See bylaws.
  • Association Fee Requirement: Required
  • Building Name Number: BANYAN BAY CLUB 305
  • Condo Fees: 5068
  • Condo Land Included YN: 0
  • Max Pet Weight: 999
  • Montly Maint Amt Addition To HOA: 0
  • Monthly Condo Fee Amount: 1689
  • Pet Size: Small (16-35 Lbs.)

Fee Information

  • Total Annual Fees: 20272.00
  • Total Monthly Fees: 1689.33

Schools

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

Lot Info

  • Zoning: R3MX
  • Parcel Number: 7993810709
  • Additional Parcels: No
  • Flood Zone Code: AE
  • Homestead YN: 1

Green Features

  • Green Verification Count: 0

Rental Info

  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: no unit may be rented or leased in the absence of the unit owners to persons other than family more than 4 times a year. Family members shall have the same rights as owners as to length and frequency of occupancy.

Tax Info

  • Tax Annual Amount: 3631
  • Tax Book Number: 5-18
  • Tax Lot: 0

Multi Family

  • Approval Process: no special approval process needed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 22, 2023
Closed on
Feb 12, 2024
Sold by
Larry Anstine Revocable Trust
Bought by
Mazzola Michael Gus
Seller's Agent
Jens Pinkernell
DOUGLAS ELLIMAN
Buyer's Agent
Beth Pheney
FINE PROPERTIES
List Price
$800,000
Sold Price
$800,000
Views
15
Current Estimated Value
$726,081

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$73,919
Avg. Annual Appreciation
-9.07%

Purchase Details

Closed on
Dec 12, 2008
Sold by
Anstine Larry A
Bought by
Anstine Larry and Larry Anstine Revocable Trust

Purchase Details

Closed on
May 2, 2005
Sold by
Mcauliffe James J and Mcauliffe Donna M
Bought by
Anstine Larry A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$457,500
Interest Rate
5.99%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 13, 2001
Sold by
Black Dwight T and Black Jane Moore
Bought by
Mcauliffe James J and Mcauliffe Donna M
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
Mazzola Michael Gus $800,000 Properties Title
Anstine Larry -- Attorney
Anstine Larry A $575,000 --
Mcauliffe James J $295,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Anstine Larry A $457,500
Closed Anstine Larry A $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/12/2024 02/12/24 Sold $800,000 0.0% $709 / Sq Ft
12/22/2023 12/22/23 Pending -- -- --
12/22/2023 12/22/23 For Sale $800,000 -- $709 / 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 $3,739 $217,175 -- $217,175
2024 $3,739 $266,376 -- --
2023 $3,706 $258,617 $0 $0
2022 $3,631 $251,084 $0 $0
2021 $3,532 $243,771 $0 $0
2020 $3,666 $240,405 $0 $0
2019 $3,550 $235,000 $0 $235,000
2018 $4,475 $285,791 $0 $0
2017 $4,153 $279,913 $0 $0
2016 $4,153 $274,156 $0 $0
2015 $4,743 $272,250 $0 $0
2014 $4,743 $272,251 $0 $0
2013 $4,411 $264,331 $1 $264,330
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4590473

Stellar MLS

APN: 79938-1070-9