NOT LISTED FOR SALE

5461 Gulf of Mexico Dr Unit 305 Longboat Key, FL 34228

Estimated Value: $1,233,261 - $1,333,000

3 Beds
2 Baths
1,721 Sq Ft
$1,200/mo HOA Fee

Last Sold May 24, 2018

Last sale price $1,180,000 $686 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $9,547/month

89 Days on Market

Highlights

  • 692 Feet of Waterfront
  • Beach View
  • Private Beach
  • Anna Maria Elementary School Rated A-
  • Water access To Gulf or Ocean
  • Heated Pool

About This Home

As of May 2018

Poised on the sparkling waters of the Gulf of Mexico, this direct Gulf-front residence overlooks the private beach of Longboat Key. The walls of glass sliders allow for captivating and unobstructed ocean and beach views from the master bedroom, living room, dining room and kitchen. This generous, true three-bedroom floor plan includes an eat-in kitchen, marble floors and an expansive wraparound terrace. Longboat Cove is a lushly landscaped, well-maintained paradise with only 26 residences. The community features a heated pool, lit tennis court, on-site management, secured under-building parking, air-conditioned storage and lobby. This pet-friendly community also includes a boardwalk to the glistening sand and private beachside cabana. Located on the northern end of Longboat Key, you will be close to many island restaurants with a short drive to St. Armands Circle.

Last Agent to Sell the Property

Erin Mcwhorter

PREMIER SOTHEBYS INTL REALTY License #3322699 Listed on: 11/03/2017

PREMIER SOTHEBYS INTL REALTY

Last Buyer's Agent

Erin Mcwhorter

PREMIER SOTHEBYS INTL REALTY License #3322699 Listed on: 11/03/2017

PREMIER SOTHEBYS INTL REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,171

Year Built

  • Built in 1980

Lot Details

  • 692 Feet of Waterfront
  • Property fronts gulf or ocean
  • Private Beach
  • End Unit
  • East Facing Home
  • Mature Landscaping
  • Irrigation
  • Landscaped with Trees

HOA Fees

  • $1,200 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Oversized Parking
  • Secured Garage or Parking

Property Views

  • Beach
  • Full Gulf or Ocean

Home Design

  • Slab Foundation
  • Built-Up Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,721 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Furnished
  • Built-In Features
  • Blinds
  • Rods
  • Sliding Doors
  • Entrance Foyer
  • Family Room
  • Combination Dining and Living Room

Kitchen

  • Eat-In Kitchen
  • Range Hood
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Flooring

  • Carpet
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Heated Pool
  • Water access To Gulf or Ocean
  • Balcony
  • Deck
  • Covered patio or porch
  • Exterior Lighting
  • Rain Gutters

Location

  • Flood Zone Lot

Schools

  • Anna Maria Elementary School
  • W.D. Sugg Middle School
  • Manatee High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • 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, maintenance repairs, manager, pest control, recreational facilities, sewer, trash, water
  • Longboat Cove Community
  • Longboat Cove Subdivision
  • The community has rules related to deed restrictions
  • Rental Restrictions

Amenities

  • Community Storage Space
  • Elevator

Recreation

  • Tennis Courts
  • Community Pool

Pet Policy

  • Pets up to 35 lbs
  • 1 Pet Allowed

Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,171

Year Built

Built in 1980

Lot Details

0

HOA Fees

$1,200 per month

Parking

1

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Maintenance Repairs, Manager, Pest Control, Recreational Facilities, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1721
  • New Construction: No
  • Year Built: 1980
  • Building Area Total: 1721
  • Directions to Property: Take Gulf of Mexico Drive to the 5000 Block. Turn west into Longboat Cove. Building will be on your left (south), by the pool. Take elevator to the 3rd floor. Unit 305 is on the right (north) side of the building.
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=T2912063&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=T2912063&cview=true&show_results=true&customer_portal=true
  • Floor Number: 4
  • Homestead Y N: No
  • Number Of Pets: 1
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Property Description: End Unit
  • Ratio: Close Price\List Price: 0.98333
  • Price per Sq Ft: 685.65
  • Close to Original List Price Ratio: 0.90769
  • Ratio: Current Price\Building Area Total: 685.65
  • View: Yes
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2017
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile, Marble
  • Full Bathrooms: 2
  • Interior Amenities: Built in Features, Eating Space In Kitchen, Elevator, Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave Hood, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: Three Or More
  • Stories: 1
  • Window Features: Blinds, Rods, Window Treatments
  • Street Number Modifier: 5461
  • Room Count: 7
  • Additional Rooms: Family Room, Foyer
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: East
  • Other Structures: Tennis Court(s)
  • Pool Features: Heated
  • Exterior Features: Sliding Doors, Balcony, Irrigation System, Lighting, Rain Gutters, Tennis Court(s)
  • Roof: Built-Up
  • Pool Private: No
  • View: Water
  • Water Body Name: Gulf Of Mexico
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck, Patio, Porch
  • Water View: Beach, Gulf/Ocean - Full
  • Water Access: Beach - Private, Gulf/Ocean, Gulf/Ocean to Bay
  • Water Extras: Sailboat Water
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Flood Zone Panel: 12081C0291E
  • Waterfront Frontage: 692
  • Water Frontage Feet Beach Prvt: 346
  • Water Frontage Feet Gulf Ocean: 346
  • Disclosures: Condominium Disclosure Available, Seller Property Disclosure

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Assigned, Covered, Guest, Oversized, Secured, Underground
  • Covered Parking Spaces: 1
  • Open Parking: No

Utilities

  • Utilities: Cable Connected, Electricity Connected, Street Lights
  • Cooling: Central Air
  • 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: Deed Restrictions, Pool, Tennis Courts, Water Access
  • Association Amenities: Storage, Tennis Court(s)
  • Association Fee: 3600
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • Security: Fire Sprinkler System, Secured Garage/Parking, Smoke Detector(s)
  • Senior Community: No
  • Condo Land Included Y N: No
  • Association Fee Requirement: Required
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 14400
  • Monthly HOA Fee: 1200
  • Total Monthly Fees: 1200

Schools

  • Elementary School: Anna Maria Elementary
  • High School: Manatee High
  • Middle Or Junior School: W.D. Sugg Middle

Lot Info

  • Zoning: R3MX
  • Parcel Number: 7990300803
  • Additional Parcels: No
  • Lot Features: FloodZone
  • Flood Zone Code: VE
  • Flood Zone Date: 2014-03-17
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Yes
  • Pet Size: Small (16-35 Lbs.)
  • Max Pet Weight: 35
  • Minimum Lease: 3 Months
  • Approval Process: Application and board approval.
  • Num Timesper Year: 1
  • Pet Restrictions: One pet, under 35 lbs, is allowed.
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: 1 time per year

Multi Family

  • Number Of Units Total: 1
  • Waterfront Features: Beach - Private, Gulf/Ocean

Tax Info

  • Tax Annual Amount: 10171
  • Tax Book Number: 1018-3046
  • Tax Lot: 0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2017
Closed on
May 24, 2018
Sold by
Sullivan Gloria Jean
Bought by
Paulson Photios
Seller's Agent
Erin Mcwhorter
PREMIER SOTHEBYS INTL REALTY
Buyer's Agent
Erin Mcwhorter
PREMIER SOTHEBYS INTL REALTY
List Price
$1,300,000
Sold Price
$1,180,000
Premium/Discount to List
-$120,000
-9.23%
Current Estimated Value
$1,261,506

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,506

Purchase Details

Closed on
Feb 17, 2017
Sold by
Sullivan Robert W and Robert W Sullivan Trust
Bought by
Sullivan Robert W and Sullivan Gloria Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
4.23%

Purchase Details

Closed on
Feb 1, 2017
Bought by
Sullivan Robert W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
4.23%

Purchase Details

Closed on
Jun 19, 2001
Sold by
Hull Helen and Hull Marian
Bought by
Sullivan Robert W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.08%
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
Paulson Photios $1,180,000 Attorney
Sullivan Robert W -- None Available
Sullivan Robert W -- Attorney
Sullivan Robert W $100 --
Sullivan Robert W $770,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gloria J Sullivan Trust --
Previous Owner Sullivan Robert W $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2018 05/24/18 Sold $1,180,000 -1.7% $686 / Sq Ft
02/01/2018 02/01/18 Pending -- -- --
12/12/2017 12/12/17 Price Changed $1,200,000 -7.7% $697 / Sq Ft
11/03/2017 11/03/17 For Sale $1,300,000 -- $755 / 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
2024 $17,280 $1,096,500 -- $1,096,500
2023 $17,720 $1,096,500 $0 $1,096,500
2022 $16,599 $1,029,000 $0 $1,029,000
2021 $15,069 $910,000 $0 $910,000
2020 $15,893 $910,000 $0 $910,000
2019 $15,585 $900,000 $0 $900,000
2018 $13,781 $780,000 $0 $0
2017 $10,158 $646,503 $0 $0
2016 $10,171 $633,206 $0 $0
2015 $10,182 $628,804 $0 $0
2014 $10,182 $623,813 $0 $0
2013 $9,610 $614,594 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2018

    Erin Mcwhorter

    PREMIER SOTHEBYS INTL REALTY

    (941) 228-1405

    5 Total Sales

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Map

Source: Stellar MLS

MLS Number: T2912063

Stellar MLS

APN: 79903-0080-3

Florida Manatee County Longboat Key 34228

5461 Gulf of Mexico Dr Unit 305, Longboat Key, FL

This home is located at 5461 Gulf of Mexico Dr Unit 305, Longboat Key, FL 34228 since 03 November 2017 and is currently estimated at $1,275,420, approximately $741 per square foot. This property was built in 1980. 5461 Gulf of Mexico Dr Unit 305 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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