NOT LISTED FOR SALE

5461 Gulf of Mexico Dr Unit 304 Longboat Key, FL 34228

Estimated Value: $910,000 - $1,133,000

2 Beds
2 Baths
1,516 Sq Ft
$1,300/mo HOA Fee

Last Sold November 09, 2021

Last sale price $835,000 $551 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $7,817/month

2 Days on Market

Highlights

  • 692 Feet of Waterfront
  • Water access To Gulf or Ocean
  • Fishing
  • Anna Maria Elementary School Rated A-
  • Lap Pool
  • Full Gulf or Ocean Views

About This Home

As of November 2021

Location, Location, Location! Longboat Cove Community is located mid-Key, directly on the Gulf of Mexico with full Gulf views. This 26 unit property offers tennis, heated pool, covered pavilion area for grilling, outdoor picnic table and on-site Management. Longboat Cove is a pet friendly community (pets up to 25 lbs). This unit has 9’ ceilings and eat-in-kitchen which can easily be converted to an office. Property has recently completed re-surfacing of the pool, installation of pool deck pavers and in the process of installing pavers in the driveway. Unit has electric hurricane shutters, for worry-free use, laundry area with side-by-side washer/dryer and newer air conditioning unit. There is one fully-secured and enclosed under building parking space and a climate controlled storage locker to store bicycles and chairs. Access to the Gulf of Mexico is steps away and offers a simply stunning beach with property owned chaise lounges to marvel at the beautuiful sunsets. R&R is the Pace - LBK is the Place!

Last Agent to Sell the Property

Toni Giliberti

COLDWELL BANKER REALTY License #3162646 Listed on: 10/01/2021

COLDWELL BANKER REALTY

Last Buyer's Agent

Maggie Hicks

COLDWELL BANKER REALTY License #0542271

COLDWELL BANKER REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,749

Year Built

  • Built in 1980

Lot Details

  • 692 Feet of Waterfront
  • Property fronts gulf or ocean
  • East Facing Home
  • Condo Land Included

HOA Fees

  • $1,300 Monthly HOA Fees

Parking

  • Subterranean Parking

Home Design

  • Slab Foundation
  • Concrete Siding

Interior Spaces

  • 1,516 Sq Ft Home
  • 4-Story Property
  • High Ceiling
  • Ceiling Fan
  • Shutters
  • Sliding Doors
  • Combination Dining and Living Room
  • Full Gulf or Ocean Views

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry closet
  • Dryer
  • Washer

Home Security

Pool

  • Lap Pool
  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Water access To Gulf or Ocean
  • Balcony
  • Exterior Lighting
  • Outdoor Storage
  • Outdoor Grill

Location

  • Flood Zone Lot

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, community pool, maintenance structure, ground maintenance, maintenance repairs, manager, pest control, pool maintenance, recreational facilities, sewer, trash, water
  • Longboat Cove/Argus Association
  • Mid-Rise Condominium
  • Sandpiper Resort Coop Community
  • Longboat Cove Subdivision
  • Association Owns Recreation Facilities
  • Rental Restrictions
  • Community features wheelchair access

Amenities

  • Elevator
  • Community Storage Space

Recreation

  • Tennis Courts
  • Community Pool
  • Fishing
  • Park

Pet Policy

  • Pets up to 25 lbs
  • 2 Pets Allowed

Security

  • Card or Code Access
  • Hurricane or Storm Shutters

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,749

Year Built

Built in 1980

Lot Details

0

HOA Fees

$1,300 per month

Parking

14

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Maintenance Structure, Maintenance Grounds, Maintenance Repairs, Manager, Pest Control, Pool Maintenance, Recreational Facilities, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Concrete
  • Fireplace: No
  • Living Area: 1516
  • Lot Size Acres: 4.01
  • New Construction: No
  • Year Built: 1980
  • Lot Size Sq Ft: 174508
  • Directions to Property: Drive North on gulf of Mexico Drive to the 5400 Block, Turn left at flashing light into complex. Building is the southern building on the left. Please be careful showing as the driveway pavers are getting installed.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4510209?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4510209?w=Customer
  • Floor Number: 3
  • Homestead Y N: No
  • Number Of Pets: 2
  • Total Acreage: 2 to less than 5
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Property Description: Mid Rise
  • Call Center Phone Number: 800-746-9464
  • Ratio: Close Price\List Price: 1
  • Price per Sq Ft: 550.79
  • 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: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), High Ceiling(s), Living Room/Dining Room Combo, Master Bedroom Main Floor, Split Bedroom, Thermostat, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 4
  • Window Features: Shutters
  • Street Number Modifier: 5461
  • Room Count: 6

Exterior Features

  • Direction Faces: East
  • Pool Features: In Ground, Lap
  • Exterior Features: Balcony, Hurricane Shutters, Lighting, Outdoor Grill, Outdoor Shower, Sliding Doors, Storage, Tennis Court(s)
  • Roof: Other
  • Pool Private: Yes
  • View: Water
  • Water Body Name: Gulf Of Mexico
  • Waterfront: Yes
  • Road Surface Type: Paved
  • Water View: Gulf/Ocean - Full
  • Water Access: Gulf/Ocean
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Flood Zone Panel: 12081C0291E
  • Waterfront Frontage: 692
  • Water Frontage Feet Gulf Ocean: 692
  • Disclosures: Seller Property Disclosure

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 14
  • Garage Yn: Yes
  • Parking Features: Covered, Guest, Underground
  • Covered Parking Spaces: 14
  • Open Parking: No

Utilities

  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside, Laundry Closet
  • 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, Fishing, Pool, Tennis Courts, Water Access, Waterfront, Wheelchair Access
  • Association Amenities: Elevator(s), Lobby Key Required, Park, Pool, Storage, Tennis Court(s)
  • Association Name: Longboat Cove/Argus
  • Association: No
  • Senior Community: No
  • Condo Fees: 3900
  • Management: Full Time
  • Condo Fees Term: Quarterly
  • Condo Land Included Y N: Yes
  • Monthly Condo Fee Amount: 1300
  • Association Fee Requirement: None
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 15600
  • Total Monthly Fees: 1300

Lot Info

  • Zoning: R3MX
  • Parcel Number: 7990300753
  • Additional Parcels: No
  • Lot Features: FloodZone
  • Flood Zone Code: VE
  • Flood Zone Date: 2014-03-17

Rental Info

  • Pets Allowed: Yes
  • Pet Size: Small (16-35 Lbs.)
  • Max Pet Weight: 25
  • Minimum Lease: 3 Months
  • Approval Process: Buyer approval needed. Please refer to Condominium Docs.
  • Num Timesper Year: 1
  • Pet Restrictions: Refer to Condominium Documents
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Refer to Condominium Documents.

Tax Info

  • Tax Annual Amount: 12749
  • Tax Book Number: 1018-3046
  • Tax Lot: 304

Multi Family

  • Waterfront Features: Gulf/Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 11, 2024
Sold by
Gray Michael V and Gray Dawn Elder
Bought by
Michael Van Gray Trust and Van Gray
Current Estimated Value
$993,546

Purchase Details

Listed on
Oct 1, 2021
Closed on
Oct 29, 2021
Sold by
Scardino Francis L and Scardino Theresa A
Bought by
Gray Michael V
Seller's Agent
Toni Giliberti
COLDWELL BANKER REALTY
Buyer's Agent
Maggie Hicks
COLDWELL BANKER REALTY
List Price
$835,000
Sold Price
$835,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.09%
Original Mortgage
$548,250
Interest Rate
3.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 3, 2012
Sold by
Scardino Francis L and Scardino Theresa A
Bought by
The F L Scardino Joint Revocable Trust

Purchase Details

Closed on
Apr 30, 2001
Sold by
Paulson Photios T and Paulson Nona B
Bought by
Scardino Francis L and Scardino Theresa A
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
Michael Van Gray Trust $100 None Listed On Document
Michael Van Gray Trust $100 None Listed On Document
Gray Michael V $835,000 Attorney
The F L Scardino Joint Revocable Trust -- Attorney
Scardino Francis L $595,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gray Michael V $548,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2021 11/09/21 Sold $835,000 0.0% $551 / Sq Ft
10/03/2021 10/03/21 Pending -- -- --
10/01/2021 10/01/21 For Sale $835,000 -- $551 / 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 $13,362 $748,000 -- $748,000
2024 $13,362 $841,500 -- $841,500
2023 $13,833 $850,000 $0 $850,000
2022 $12,090 $787,500 $0 $787,500
2021 $11,606 $695,000 $0 $695,000
2020 $12,749 $725,000 $0 $725,000
2019 $12,895 $790,000 $0 $790,000
2018 $11,748 $690,000 $0 $0
2017 $9,747 $581,500 $0 $0
2016 $9,776 $570,000 $0 $0
2015 $8,667 $553,500 $0 $0
2014 $8,667 $503,101 $0 $0
2013 $7,483 $448,422 $1 $448,421
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2021

    Toni Giliberti

    COLDWELL BANKER REALTY

    (941) 284-9208

    6 in this area

    8 Total Sales

    Toni Giliberti
    Section Image
  • Maggie Hicks

    Buyer's Agent in 2021

    Maggie Hicks

    COLDWELL BANKER REALTY

    (941) 321-1759

    24 in this area

    38 Total Sales

    Maggie Hicks
    Section Image
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Map

Source: Stellar MLS

MLS Number: A4510209

Stellar MLS

APN: 79903-0075-3

Florida Manatee County Longboat Key 34228

5461 Gulf of Mexico Dr Unit 304, Longboat Key, FL

This home is located at 5461 Gulf of Mexico Dr Unit 304, Longboat Key, FL 34228 since 01 October 2021 and is currently estimated at $993,546, approximately $655 per square foot. This property was built in 1980. 5461 Gulf of Mexico Dr Unit 304 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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