Seller's Agent in 2023
Bill Anderson
Michael Saunders
(941) 313-4059
22 in this area
25 Total Sales
5311 Gulf of Mexico Dr Unit 8 Longboat Key, FL 34228
Estimated Value: $697,000 - $894,000
2
Beds
2
Baths
1,110
Sq Ft
$1,366/mo
HOA Fee
Highlights
- 300 Feet of Ocean or Gulf Waterfront
- Boat Dock
- Heated In Ground Pool
- Anna Maria Elementary School Rated A-
- Water Access
- Fishing
About This Home
As of March 2023This is an excellent opportunity for an owner/investor to enjoy Longboat Key's beautiful ten-mile beach and take in its magnificent sunsets from this two-bed two-bath 1,110 sf second-story condo that looks out to the Gulf of Mexico from the screened lanai. This turnkey furnished unit is clean and well maintained, with tile floors throughout. Master bedroom is en-suite and opens to the lanai with its water view of the Gulf. Second bedroom, also en-suite, accommodates two full beds with room to spare. Kitchen was completely redone in 2020. Bathrooms are original, in case your imagination needs work. Other amenities include a heated swimming pool and spa on Bayside, along with a community dock (first-come, first served) and kayak launch. Your Gulfside complex offers BBQ grille, separate laundry room, and provides beach chairs and umbrellas on the white-sand beach. Beach Castle's rental policy accommodates minimum 1-7 day tenancies, with in-house management provided by RVA. Seller reports 2022 gross revenue is over $81,000. Owners (and their tenants) can also utilize Cedars East's sports amenities just up the road, which include a Junior Olympic pool, ten lighted Har-Tru tennis courts, 24/7 fitness center and bicycles, all for a nominal membership fee. Beach Castle is also pet-friendly for an owner's small-dog. (not tenants). The mid-Key location puts you in the middle of LBK's fine restaurants and offers St. Armand's shopping and Sarasota's city life when you enjoy your stay here so, please come and see what we are offering before it goes viral. PS... Did we mention this is an "excellent opportunity for an owner/investor" to experience what Longboat Key feels like if you're still committed elsewhere?
Last Agent to Sell the Property
MICHAEL SAUNDERS & COMPANY License #3288173 Listed on: 01/04/2023
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $7,804
Year Built
- Built in 1973
Lot Details
- 300 Feet of Ocean or Gulf Waterfront
- West Facing Home
- Mature Landscaping
- Irrigation
HOA Fees
- $1,366 Monthly HOA Fees
Parking
- Open Parking
Property Views
- Partial Bay or Harbor
- Woods
Home Design
- Florida Architecture
- Slab Foundation
- Built-Up Roof
- Block Exterior
- Stucco
Interior Spaces
- 1,110 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Furnished
- Shutters
- Blinds
- Sliding Doors
- Family Room Off Kitchen
- Combination Dining and Living Room
- Ceramic Tile Flooring
- Walk-Up Access
Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- En-Suite Bathroom
- 2 Full Bathrooms
Pool
- Heated In Ground Pool
- Heated Spa
- In Ground Spa
- Outdoor Shower
Outdoor Features
- Water Access
- Balcony
- Covered patio or porch
- Exterior Lighting
- Outdoor Grill
Location
- Flood Zone Lot
Utilities
- Central Air
- Heating Available
- Underground Utilities
- Electric Water Heater
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Visit Down Payment Resource Website
- Assessor Parcel Number 7993710509
Community Details
Overview
- Association fees include cable TV, common area taxes, pool, escrow reserves fund, maintenance structure, ground maintenance, maintenance, pest control, recreational facilities, sewer, trash, water
- Debbie Parker Association, Phone Number (941) 444-4119
- Visit Association Website
- Mccalls Beach Castle Subdivision
- The community has rules related to deed restrictions
Amenities
- Laundry Facilities
Recreation
- Boat Dock
- Community Pool
- Community Spa
- Fishing
Pet Policy
- Pets up to 30 lbs
- 2 Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 4, 2023
Closed on
Mar 14, 2023
Sold by
Abdo Jacques H and Abdo Leila J
Bought by
Asterita Ryan R and Asterita Danielle
Seller's Agent
Bill Anderson
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Kelli Ann Nold
TNG REAL ESTATE
List Price
$798,600
Sold Price
$798,600
Views
42
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$23,098
Avg. Annual Appreciation
-1.41%
Original Mortgage
$598,600
Outstanding Balance
$583,029
Interest Rate
6.09%
Mortgage Type
Construction
Estimated Equity
$188,778
Purchase Details
Closed on
Feb 7, 2012
Sold by
Mulligan Joseph
Bought by
Jp Morgan Chase Bank National Associatio
Purchase Details
Closed on
Mar 3, 2010
Sold by
Mulligan Joseph F and Mulligan Virginia A
Bought by
Jones John Jacques
Purchase Details
Closed on
Dec 29, 2006
Sold by
Key George D and Key Kistal M
Bought by
Mulligan Joseph F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,000
Interest Rate
8.1%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Asterita Ryan R | $798,600 | -- | |
| Jp Morgan Chase Bank National Associatio | $300,100 | Attorney | |
| Jones John Jacques | $21,600 | Attorney | |
| Mulligan Joseph F | $512,600 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Asterita Ryan R | $598,600 | |
| Previous Owner | Mulligan Joseph F | $100,000 | |
| Previous Owner | Mulligan Joseph F | $410,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/14/2023 03/14/23 | Sold | $798,600 | 0.0% | $719 / Sq Ft |
| 01/25/2023 01/25/23 | Pending | -- | -- | -- |
| 01/04/2023 01/04/23 | For Sale | $798,600 | +175.4% | $719 / Sq Ft |
| 05/09/2012 05/09/12 | Sold | $290,000 | 0.0% | $261 / Sq Ft |
| 04/17/2012 04/17/12 | Pending | -- | -- | -- |
| 03/30/2012 03/30/12 | For Sale | $290,000 | -- | $261 / Sq Ft |
Source: Stellar MLS
Tax History Compared to Growth
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 | $10,315 | $654,500 | -- | $654,500 |
| 2023 | $8,384 | $561,000 | $0 | $561,000 |
| 2022 | $7,805 | $519,750 | $0 | $519,750 |
| 2021 | $6,689 | $400,000 | $0 | $400,000 |
| 2020 | $6,969 | $395,000 | $0 | $395,000 |
| 2019 | $6,804 | $395,000 | $0 | $395,000 |
| 2018 | $6,388 | $370,000 | $0 | $0 |
| 2017 | $5,483 | $326,000 | $0 | $0 |
| 2016 | $5,064 | $288,650 | $0 | $0 |
| 2015 | $4,202 | $274,900 | $0 | $0 |
| 2014 | $4,202 | $241,151 | $0 | $0 |
| 2013 | $3,658 | $219,228 | $1 | $219,227 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2023
Adrienne Scott
Michael Saunders
(941) 383-7591
16 in this area
18 Total Sales
-
K
Buyer's Agent in 2023
Kelli Ann Nold
TNG REAL ESTATE
(941) 400-6877
2 in this area
86 Total Sales
-
A
Seller's Agent in 2012
Andrew Bers
PREMIER SOTHEBY'S INTERNATIONAL REALTY
(941) 302-4400
6 Total Sales
-
L
Buyer's Agent in 2012
Lissy LaFlamme
LIMBO COMPANY SARASOTA ASSOC
Map
Source: Stellar MLS
MLS Number: A4556066
APN: 79937-1050-9
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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