NOT LISTED FOR SALE

5275 Gulf of Mexico Dr Unit 201 Longboat Key, FL 34228

Estimated Value: $862,000 - $1,016,000

2 Beds
2 Baths
1,155 Sq Ft
$1,026/mo HOA Fee

Last Sold June 30, 2021

Last sale price $795,000 $688 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $7,370/month

11 Days on Market

Highlights

  • 205 Feet of Waterfront
  • Boat Dock
  • Water access To Gulf or Ocean
  • Anna Maria Elementary School Rated A-
  • Beach View
  • Private Beach

About This Home

As of June 2021

The ultimate beach lifestyle in a remarkable Gulf-front location is realized in this stylish Banyan Bay Club condominium. Rarely available, savor direct access from your ground-level back door to the soft sandy shores and rolling waves. With a spacious and generous floorplan, experience the convenience and maintenance-free ease of living like you are in a single-family home without the upkeep. Two bedrooms and two baths offer plenty of room and versatility to meet your needs, whether living here year-round or using it as a premier destination getaway where you can rent it out for a return on investment. Move-in ready with most of the furnishings included, this residence provides laidback living with a fully equipped, remodeled kitchen boasting new cabinetry, white quartz countertops, and high-end Whirlpool appliances. Pour yourself a refreshing beverage, open the large glass sliders and sit comfortably on your patio watching spectacular sunsets as you give gratitude for another amazing day in Longboat Key. Banyan Bay truly has everything you could ever want in a 44-unit, pet-friendly, Gulf-to-Bay community, including a solar-heated pool, fitness center with exercise equipment, tennis, clubhouse beach lounge with lawn chairs, kayak launch, and a fishing pier. You will fall in love with taking bike rides and walks to experience all the sights and adventures around Longboat Key, such as gourmet restaurants. Appreciate the added benefit of Banyan Bay’s proximity to St. Armand’s Circle and downtown Sarasota where you find fine dining, shopping and an abundance of culture beckoning you to plant your toes in the sand and make this your new home in paradise!

Last Agent to Sell the Property

Steve Nursey

MICHAEL SAUNDERS & COMPANY License #0382690 Listed on: 06/04/2021

MICHAEL SAUNDERS & COMPANY

Last Buyer's Agent

Steve Nursey

MICHAEL SAUNDERS & COMPANY License #0382690 Listed on: 06/04/2021

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,526

Year Built

  • Built in 1974

Lot Details

  • 205 Feet of Waterfront
  • Property fronts gulf or ocean
  • Property fronts a private road
  • Private Beach
  • East Facing Home
  • Mature Landscaping
  • Landscaped with Trees

HOA Fees

  • $1,026 Monthly HOA Fees

Property Views

  • Beach
  • Full Gulf or Ocean

Home Design

  • Contemporary Architecture
  • Florida Architecture
  • Slab Foundation
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,155 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Partially Furnished
  • Ceiling Fan
  • Window Treatments
  • Sliding Doors
  • L-Shaped Dining Room
  • Storage Room
  • Inside Utility
  • Ceramic Tile Flooring

Kitchen

  • Eat-In Kitchen
  • Range with Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Ice Maker
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Parking

  • 1 Carport Space
  • Ground Level Parking
  • Assigned Parking

Outdoor Features

  • Water access To Gulf or Ocean
  • Fishing Pier
  • Dock made with wood
  • Covered Patio or Porch
  • Exterior Lighting
  • Outdoor Storage

Location

  • Flood Zone Lot
  • Flood Insurance May Be Required

Schools

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

Utilities

  • Humidity Control
  • Central Heating and Cooling System
  • Electric Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, community pool, escrow reserves fund, insurance, maintenance structure, ground maintenance, manager, pest control, pool maintenance, sewer, trash, water
  • Shane Raniere Association, Phone Number (941) 921-5393
  • Visit Association Website
  • Banyan Bay Community
  • Banyan Bay Club Subdivision
  • On-Site Maintenance
  • Association Owns Recreation Facilities
  • The community has rules related to deed restrictions
  • Rental Restrictions

Recreation

  • Boat Dock
  • Tennis Courts
  • Pickleball Courts
  • Fitness Center
  • Community Pool
  • Fishing

Pet Policy

  • Pets up to 100 lbs
  • Pet Size Limit
  • 1 Pet Allowed

Additional Features

  • Clubhouse
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,526

Year Built

Built in 1974

Lot Details

0

HOA Fees

$1,026 per month

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Manager, Pest Control, Pool Maintenance, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Contemporary, Florida
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1155
  • New Construction: No
  • Year Built: 1974
  • Directions to Property: Gulf of Mexico Drive to Banyan Bay Club sign, turn west toward Gulf, beachfront building #5275, Unit #201. Guest parking in middle of buildings closest to Gulf of Mexico Dr. or on Bayside in front of tennis courts.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4503141?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4503141?w=Customer
  • Floor Number: 1
  • Homestead Y N: No
  • Number Of Pets: 1
  • Total Acreage: Non-Applicable
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Call Center Phone Number: 941-308-7777
  • Ratio: Close Price\List Price: 1
  • Price per Sq Ft: 688.31
  • Close to Original List Price Ratio: 1
  • View: Yes
  • Ownership: Condominium
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Eating Space In Kitchen, L Dining, Living Room/Dining Room Combo, Master Bedroom Main Floor, Open Floorplan, Solid Surface Counters, Split Bedroom, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Ice Maker, Microwave, Range, Range Hood, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 2
  • Window Features: Window Treatments
  • Street Number Modifier: 5275
  • Room Count: 5
  • Additional Rooms: Inside Utility, Storage Rooms

Exterior Features

  • Direction Faces: East
  • Exterior Features: Lighting, Sidewalk, Sliding Doors, Storage, Tennis Court(s)
  • Roof: Shingle
  • Pool Private: No
  • Road Frontage Type: Private Road
  • View: Water
  • Water Body Name: Gulf Of Mexico
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Front Porch, Patio, Rear Porch
  • Road Surface Type: Paved, Asphalt
  • Water View: Beach, Gulf/Ocean - Full
  • Water Access: Bay/Harbor, Beach - Private, Gulf/Ocean
  • Water Extras: Dock - Wood, Fishing Pier
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Waterfront Frontage: 205
  • Water Frontage Feet Gulf Ocean: 205
  • Disclosures: Condominium Disclosure Available, Lead Paint, Seller Property Disclosure

Garage/Parking

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

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Phone Available, Public, Sewer Connected, Water Connected
  • Cooling: Central Air, Humidity Control
  • Heating: Central, Electric
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Deed Restrictions, Fishing, Fitness, Pool, Sidewalk, Tennis Courts, Water Access, Waterfront
  • Association Amenities: Cable TV, Clubhouse, Boat Dock, Maintenance, Pickleball Court(s), Pool, Tennis Court(s)
  • Association Name: Shane Raniere
  • Phone: 941-921-5393
  • Association: No
  • Security: Smoke Detector(s)
  • Senior Community: No
  • Condo Fees: 3079
  • Condo Fees Term: Quarterly
  • Association Website: www.pcmfla.com
  • Association Email: sraniere@pcmfla.com
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 1026
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 12316
  • Total Monthly Fees: 1026.33

Schools

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

Lot Info

  • Zoning: R3MX
  • Parcel Number: 7993810303
  • Additional Parcels: No
  • Lot Features: CoastalConstruction Control Line, Flood Insurance Required, FloodZone, In County, Sidewalk
  • Flood Zone Code: AE VE

Rental Info

  • Furnished: Partially
  • Pets Allowed: Number Limit, Size Limit, Yes
  • Pet Size: Extra Large (101+ Lbs.)
  • Max Pet Weight: 100
  • Minimum Lease: 1 Month
  • Approval Process: **See current condominium rules and regulations and bylaws**
  • Num Timesper Year: 4
  • Pet Restrictions: No pets on beach. Tenants, no pets. Leash required. Pet waste pickup required. **See current condominium rules and regulations and bylaws**
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: **See current condominium rules and regulations and bylaws**

Tax Info

  • Tax Annual Amount: 7526.29
  • Tax Book Number: 5-18
  • Tax Lot: 0

Multi Family

  • Waterfront Features: Gulf/Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2021
Closed on
Jun 30, 2021
Sold by
Wombles Joy L and Joy L Wombles Revocable Living Trust
Bought by
Kourtchikov Dmitriy and Ksovreli Olena
Seller's Agent
Steve Nursey
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Steve Nursey
MICHAEL SAUNDERS & COMPANY
List Price
$795,000
Sold Price
$795,000
Current Estimated Value
$956,520

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$161,520
Avg. Annual Appreciation
3.44%

Purchase Details

Closed on
Jan 12, 2000
Sold by
Sorrick Judy
Bought by
Wombles Joy L
Source: Public Records

Range of Values:

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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
Kourtchikov Dmitriy $795,000 None Listed On Document
Wombles Joy L -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2021 06/30/21 Sold $795,000 0.0% $688 / Sq Ft
06/15/2021 06/15/21 Pending -- -- --
06/04/2021 06/04/21 For Sale $795,000 -- $688 / 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 $13,581 $294,525 -- $294,525
2024 $13,581 $909,500 -- $909,500
2023 $12,960 $850,000 $0 $850,000
2022 $11,534 $708,750 $0 $708,750
2021 $7,534 $455,000 $0 $455,000
2020 $7,526 $440,000 $0 $440,000
2019 $6,698 $385,000 $0 $385,000
2018 $8,689 $495,000 $0 $0
2017 $8,244 $489,200 $0 $0
2016 $8,040 $465,900 $0 $0
2015 $7,379 $423,550 $0 $0
2014 $7,379 $423,551 $0 $0
2013 $6,862 $411,209 $1 $411,208
Source: Public Records

Agents Affiliated with this Home

  • Steve Nursey

    Seller's Agent in 2021

    Steve Nursey

    Michael Saunders

    (941) 356-7010

    13 in this area

    16 Total Sales

    Steve Nursey
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Map

Source: Stellar MLS

MLS Number: A4503141

Stellar MLS

APN: 79938-1030-3

Florida Manatee County Longboat Key 34228

5275 Gulf of Mexico Dr Unit 201, Longboat Key, FL

This home is located at 5275 Gulf of Mexico Dr Unit 201, Longboat Key, FL 34228 since 04 June 2021 and is currently estimated at $956,520, approximately $828 per square foot. This property was built in 1974. 5275 Gulf of Mexico Dr Unit 201 is a home located in Manatee County with nearby schools including Anna Maria Elementary School, Martha B. King Middle School, and Bayshore High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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