540 Gulf Bay Rd Longboat Key, FL 34228
Estimated payment $12,198/month
Highlights
- Water access To Gulf or Ocean
- Heated In Ground Pool
- Open Floorplan
- Anna Maria Elementary School Rated A-
- View of Trees or Woods
- 5-minute walk to Joan M. Durante Community Park
About This Home
Under contract-accepting backup offers. SPECTACULAR LONGBOAT KEY BEACH COMPOUND WITH DEEDED ACCESS TO THE GULF OF MEXICO! This FULLY ELEVATED beach home has been meticulously maintained, offers top of the line finishes, and is located just a short 4 minute walk with PRIVATE DEEDED BEACH ACCESS to the sparkling waters of the Gulf on LONGBOAT KEY! Surrounded by Joan Durante Park, this property offers the ultimate in privacy and seclusion. With a spacious 1880 conditioned square feet, 3 bedrooms, 3 full bathrooms plus a pool bath, this unique property is sprawled across TWO FULL LOTS, and offers a private resort like heated inground pool, fabulous TIKI BAR, multiple outdoor decks, and TONS of room for outdoor activities. Top of the line Verona commercial kitchen appliances, huge island, and a generous use of marble and quartz counters throughout. Gorgeous White Oak distressed hardwood floors and many unique architectural features including a two story cupola / crow's nest. Professionally landscaped with full outdoor lighting package which sets an enchanting evening mood across the entire property. Huge garage space downstairs has been fully lined with indoor/outdoor carpret and makes for a great recreational area. In addition, this stunning property is being offered fully furnished with a unique collection of carefully curated art and furniture pieces. No expense was spared to create this amazing island masterpiece--offering every amenity, this home offers absolute comfort and luxury!
Listing Agent
Brett Coady
PINEYWOODS REALTY LLC Brokerage Phone: 813-225-1890 License #3374362 Listed on: 05/21/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $22,304
Year Built
- Built in 1993
Lot Details
- 0.31 Acre Lot
- Lot Dimensions are 100x90
- Near Conservation Area
- Cul-De-Sac
- North Facing Home
- Irrigation Equipment
- 2 Lots in the community
- Additional Parcels
- Property is zoned R4SF
Parking
- 4 Car Attached Garage
Property Views
- Woods
- Garden
Home Design
- Coastal Architecture
- Contemporary Architecture
- Key West Architecture
- Elevated Home
- Bi-Level Home
- Shingle Roof
- HardiePlank Type
- Pile Dwellings
Interior Spaces
- 1,880 Sq Ft Home
- Open Floorplan
- Built-In Features
- Bar Fridge
- Crown Molding
- Cathedral Ceiling
- Ceiling Fan
- French Doors
- Great Room
- Engineered Wood Flooring
Kitchen
- Eat-In Kitchen
- Built-In Convection Oven
- Cooktop with Range Hood
- Recirculated Exhaust Fan
- Microwave
- Freezer
- Ice Maker
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary Bedroom on Main
Laundry
- Laundry in unit
- Dryer
- Washer
Pool
- Heated In Ground Pool
- Gunite Pool
- Outdoor Shower
- Outside Bathroom Access
- Pool Lighting
Outdoor Features
- Water access To Gulf or Ocean
- Access To Intracoastal Waterway
- Outdoor Kitchen
- Exterior Lighting
- Gazebo
- Outdoor Storage
Utilities
- Central Heating and Cooling System
- Underground Utilities
- Electric Water Heater
- High Speed Internet
- Cable TV Available
Community Details
- No Home Owners Association
- Bailey Dobson Community
- Bailey Dobson Subdivision
Listing and Financial Details
- Visit Down Payment Resource Website
- Tax Lot 20
- Assessor Parcel Number 7988200007
Map
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 |
|---|---|---|---|---|
| 2025 | $20,134 | $1,192,788 | $331,500 | $861,288 |
| 2024 | $20,134 | $1,298,367 | $331,500 | $966,867 |
| 2023 | $19,194 | $1,206,499 | $318,750 | $887,749 |
| 2022 | $12,440 | $755,770 | $180,000 | $575,770 |
| 2021 | $8,980 | $539,985 | $165,000 | $374,985 |
| 2020 | $8,556 | $477,977 | $150,000 | $327,977 |
| 2019 | $8,448 | $477,977 | $150,000 | $327,977 |
| 2018 | $7,744 | $421,376 | $150,000 | $271,376 |
| 2017 | $6,428 | $408,428 | $0 | $0 |
| 2016 | $5,821 | $346,787 | $0 | $0 |
| 2015 | $5,482 | $340,032 | $0 | $0 |
| 2014 | $5,482 | $326,575 | $0 | $0 |
| 2013 | $5,291 | $317,063 | $98,300 | $218,763 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/22/2025 09/22/25 | Pending | -- | -- | -- |
| 05/21/2025 05/21/25 | For Sale | $1,950,000 | 0.0% | $1,037 / Sq Ft |
| 12/01/2021 12/01/21 | Rented | $6,650 | 0.0% | -- |
| 12/01/2021 12/01/21 | For Rent | $6,650 | 0.0% | -- |
| 05/28/2021 05/28/21 | Sold | $850,000 | -2.9% | $452 / Sq Ft |
| 03/30/2021 03/30/21 | Pending | -- | -- | -- |
| 03/15/2021 03/15/21 | For Sale | $875,000 | -- | $465 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,375,000 | Pineywoods Title | |
| Warranty Deed | $850,000 | Pineywoods Title Llc | |
| Warranty Deed | $210,000 | -- | |
| Warranty Deed | $182,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,100,000 | New Conventional | |
| Previous Owner | $680,000 | Construction | |
| Previous Owner | $162,000 | No Value Available | |
| Previous Owner | $136,850 | No Value Available |
Source: Stellar MLS
MLS Number: TB8388618
APN: 79882-0000-7
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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