$850,000
SOLD MAY 28, 2021

540 Gulf Bay Rd Longboat Key, FL 34228

3 Beds
2 Baths
1,880 Sq Ft
0.31 Acres

Recently Sold

$452 Per Sq Ft

3% Below List Price

15 Days on Market

Highlights

  • Water Access
  • In Ground Pool
  • Key West Architecture
  • Anna Maria Elementary School Rated A-
  • View of Trees or Woods
  • 5-minute walk to Joan M. Durante Community Park

About This Home

As of May 2021

Beautiful Key West style home on quiet street dead ending at bay. Lovely resort-like pool with tiki-bar. Newer roof 11/2017 and Air conditioning 1/2015! Property backs to 32 acre Durante Park w/kayak launch, walking trails, bird sanctuary, playground, etc . All of this and Private, Deeded Beach Access!!!!!!! House is used as an income investment property, with rentals for most of the year for 2021 already in place. They can transfer with the sale or not as this is also a beautiful place to call home. As an added bonus the house comes fully furnished.

Last Agent to Sell the Property

Carol Thomas

MICHAEL SAUNDERS & COMPANY License #0627050 Listed on: 03/15/2021

MICHAEL SAUNDERS & COMPANY

Last Buyer's Agent

Brett Coady

PINEYWOODS REALTY LLC License #3374362

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,556

Year Built

  • Built in 1993

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 100x90
  • Street terminates at a dead end
  • Northeast Facing Home
  • 2 Lots in the community
  • Additional Parcels
  • Property is zoned R4SF

Parking

  • Parking Garage Space

Property Views

  • Woods
  • Park or Greenbelt

Home Design

  • Key West Architecture
  • Wood Frame Construction
  • Membrane Roofing
  • Pile Dwellings

Interior Spaces

  • 1,880 Sq Ft Home
  • 2-Story Property
  • Furnished
  • High Ceiling
  • Ceiling Fan
  • Blinds
  • Ceramic Tile Flooring

Kitchen

  • Built-In Oven
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Washer

Outdoor Features

  • In Ground Pool
  • Water Access
  • Deeded access to the beach
  • Outdoor Grill
  • Rear Porch

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Private Sewer

Community Details

  • No Home Owners Association
  • Bailey Dobson Community
  • Bailey Dobson Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,556

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Key West
  • Construction Materials: Wood Frame
  • Fireplace: No
  • Living Area: 1880
  • Lot Size Acres: 0.31
  • New Construction: No
  • Year Built: 1993
  • Building Area Total: 3240
  • Lot Size Sq Ft: 13500
  • Number Of Lots: 2
  • Directions to Property: On Gulf of Mexico Dr. turn right on Gulf Bay Rd ( Euphemia Haye restaurant is on corner.)
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4494460?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4494460?w=Customer
  • Homestead Y N: No
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Call Center Phone Number: 941-308-7777
  • Ratio: Close Price\List Price: 0.97143
  • Price per Sq Ft: 452.13
  • Close to Original List Price Ratio: 0.97143
  • Ratio: Current Price\Building Area Total: 262.35
  • View: Yes
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), High Ceiling(s)
  • Appliances Included: Built-In Oven, Dishwasher, Electric Water Heater, Range, Refrigerator, Washer
  • Foundation Details: Stilt/On Piling
  • Total Bedrooms: 3
  • Levels: Two
  • Spa Yn: No
  • Stories: 2
  • Window Features: Blinds, Window Treatments
  • Street Number Modifier: 540
  • Room Count: 3

Exterior Features

  • Direction Faces: Northeast
  • Pool Features: In Ground
  • Exterior Features: Outdoor Grill
  • Roof: Membrane
  • Pool Private: Yes
  • Road Frontage Type: Street Dead-End
  • View: Greenbelt, Trees/Woods
  • Waterfront: No
  • Patio and Porch Features: Rear Porch, Side Porch
  • Road Surface Type: Paved, Asphalt
  • Water Access: Beach - Access Deeded
  • Water View Y N: No
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Disclosures: Seller Property Disclosure

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Under Building
  • Open Parking: No

Utilities

  • Utilities: Electricity Connected, Public, Sewer Connected
  • Cooling: Central Air
  • Heating: Heat Pump
  • Laundry Features: Inside, Laundry Room
  • Sewer: Private Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association Approval Required YN: No

Lot Info

  • Zoning: R4SF
  • Parcel Number: 7988200007
  • Additional Parcels Description: 798830005
  • Additional Parcels: Yes
  • Lot Dimensions: 100x90
  • Flood Zone Code: AE
  • Zoning Compatible Y N: Yes

Rental Info

  • Furnished: Furnished
  • Minimum Lease: 1 Month
  • Num Timesper Year: 52
  • Lease Restrictions Y N: No

Tax Info

  • Tax Annual Amount: 8555.58
  • Tax Book Number: 9-51
  • Tax Lot: 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2021
Closed on
Jan 25, 2022
Sold by
Coady Development Partners Llc
Bought by
Coady James M
Seller's Agent
Brett Coady
PINEYWOODS REALTY LLC
Buyer's Agent
Brett Coady
PINEYWOODS REALTY LLC
Sold Price
$6,650

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Outstanding Balance
$1,023,497
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$804,316

Purchase Details

Listed on
Mar 15, 2021
Closed on
May 27, 2021
Sold by
Moody Benjamin H and Moody Linda
Bought by
Coady Development Partners Llc
Seller's Agent
Carol Thomas
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Brett Coady
PINEYWOODS REALTY LLC
List Price
$875,000
Sold Price
$850,000
Premium/Discount to List
-$25,000
-2.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.29%
Original Mortgage
$680,000
Interest Rate
3%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 6, 1999
Sold by
Jensen Karl F and Jensen Kimberly H
Bought by
Moody Benjamin H and Moody Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,000
Interest Rate
7.65%

Purchase Details

Closed on
Jun 29, 1995
Sold by
Benefiel Legrand Alfred and Benefiel Joanne C
Bought by
Jensen Karl F and Jensen Kimberly H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,850
Interest Rate
7.82%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 --
Source: Public Records

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: Public Records

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
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 $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
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2025

    Brett Coady

    PINEYWOODS REALTY LLC

  • Max Von Pichl

    Buyer's Agent in 2025

    Max Von Pichl

    HOMESMART

    (941) 960-0043

    4 Total Sales

    Max Von Pichl
    Section Image
  • Ryan Parker

    Buyer Co-Listing Agent in 2025

    Ryan Parker

    HOMESMART

    (941) 445-0596

    23 Total Sales

    Ryan Parker
    Section Image

  • C

    Seller's Agent in 2021

    Carol Thomas

    Michael Saunders

    (941) 302-8127

    1 in this area

    27 Total Sales

    Carol Thomas
    Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: A4494460

Stellar MLS

APN: 79882-0000-7

Florida Manatee County Longboat Key 34228

540 Gulf Bay Rd, Longboat Key, FL

This home is located at 540 Gulf Bay Rd, Longboat Key, FL 34228 and is currently priced at $850,000, approximately $452 per square foot. This property was built in 1993. 540 Gulf Bay Rd 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

Nearby Homes