NOT LISTED FOR SALE

5481 Gulf of Mexico Dr Unit 206 Longboat Key, FL 34228

Estimated Value: $1,110,000 - $1,618,975

3 Beds
2 Baths
1,721 Sq Ft
$1,000/mo HOA Fee

Last Sold June 18, 2014

Last sale price $915,000 $532 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $9,527/month

67 Days on Market

Highlights

  • Beach Access
  • Property fronts gulf or ocean
  • 3.85 Acre Lot
  • Anna Maria Elementary School Rated A-
  • Spa
  • Open Floorplan

About This Home

As of June 2014

Gorgeous direct gulf-front three bedroom condominium. Expansive gulf and beach views from kitchen, living room and master bedroom. Exquisitely furnished for immediate enjoyment. Wide sandy beaches and beautiful sunsets from the large wrap-around balcony. Longboat Cove is a lushly landscaped, well maintained complex with only 26 residences. Heated pool with spa area, sauna, lighted tennis court, under-building parking and beachside cabana.

Last Agent to Sell the Property

Mark Huber

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-383-2500 License #0392406 Listed on: 03/07/2014

MICHAEL SAUNDERS & COMPANY

Co-Listed By

Erin Mcwhorter

PREMIER SOTHEBYS INTL REALTY Brokerage Phone: 941-383-2500 License #3322699

Last Buyer's Agent

Liz Gardini

PMI PROPERTY SOLUTIONS License #3039922

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,426

Year Built

  • Built in 1980

Lot Details

  • Property fronts gulf or ocean
  • Mature Landscaping
  • Landscaped with Trees

HOA Fees

  • $1,000 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor
  • Slab Foundation
  • Built-Up Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,721 Sq Ft Home
  • 4-Story Property
  • Open Floorplan
  • Furnished
  • Crown Molding
  • Ceiling Fan
  • Sliding Doors
  • Entrance Foyer
  • Combination Dining and Living Room
  • Storage Room
  • Inside Utility
  • Full Gulf or Ocean Views

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • 1 Carport Space
  • Guest Parking

Pool

  • Spa
  • Outdoor Shower

Outdoor Features

  • Beach Access
  • Water access To Gulf or Ocean
  • Deeded access to the beach
  • Deck
  • Covered Patio or Porch
  • Exterior Lighting
  • Outdoor Storage

Schools

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

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 206
  • Assessor Parcel Number 7990300357

Community Details

Overview

  • Association fees include cable TV, escrow reserves fund, fidelity bond, insurance, maintenance structure, ground maintenance, maintenance, management, pest control, recreational facilities, trash
  • Longboat Cove Community
  • Longboat Cove Condo Subdivision
  • The community has rules related to deed restrictions

Amenities

  • Community Storage Space
  • Elevator

Recreation

  • Tennis Courts
  • Community Pool
  • Community Spa

Pet Policy

  • Pets up to 25 lbs
  • 1 Pet Allowed

Security

  • Hurricane or Storm Shutters
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,426

Year Built

Built in 1980

Lot Details

0

HOA Fees

$1,000 per month

Listing Details

  • HOA Fee Includes: Cable TV, Escrow Reserves Fund, Fidelity Bond, Insurance, Maintenance Structure, Maintenance Grounds, Maintenance, Management, Pest Control, Recreational Facilities, Trash
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Other
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1721
  • Lot Size Acres: 3.85
  • New Construction: No
  • Year Built: 1980
  • Building Area Total: 1721
  • Lot Size Sq Ft: 167861
  • Status: Sold
  • Co List Office Mls Id: MFR281521124
  • Co List Office Phone: 941-383-2500
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: Appraiser
  • Floor Number: 2
  • Minimum Lease: 1 Month
  • Number Of Pets: 1
  • RATIO Current Price By Calculate: 531.67
  • Total Acreage: Non-Applicable
  • Water Access YN: 1
  • Planned Unit Development Yn: 1
  • Property Description: Corner Unit,End Unit
  • MFR_CommunityAssociationWaterFeatures: Water Access
  • Attribution Contact: 941-383-2500
  • Tax Year: 2013
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Crown Molding, Eat-in Kitchen, Elevator, Living Room/Dining Room Combo, Open Floorplan, Split Bedroom, Walk-In Closet(s), Window Treatments
  • Appliances Included: Built-In Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Spa Yn: Yes
  • Stories: 4
  • Window Features: Window Treatments
  • ResoLivingAreaSource: Appraiser
  • Additional Rooms: Foyer,Inside Utility,Storage Rooms
  • Living Area Meters: 159.89

Exterior Features

  • Other Structures: Storage
  • Exterior Features: Hurricane Shutters, Lighting, Outdoor Shower, Sliding Doors, Storage
  • Roof: Built-Up
  • Home Warranty: No
  • Pool Private: No
  • View: Water
  • Water Body Name: GULF OF MEXICO
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck, Patio, Porch
  • Water Access: Beach,Beach - Access Deeded,Gulf/Ocean
  • Water View: Gulf/Ocean - Full
  • Water View YN: 1
  • Waterfront Feet Total: 0

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: Yes
  • Parking Features: Guest

Utilities

  • Utilities: Cable Connected, Electricity Connected, Public, Street Lights
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Pool, Tennis Courts, Waterfront Complex
  • Association Amenities: Elevator(s), Spa/Hot Tub, Storage, Tennis Court(s)
  • Association Fee: 3000
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • Security: Smoke Detector(s)
  • Senior Community: No
  • Pet Restrictions: 1 pet, 25lbs.
  • Association Fee Requirement: Required
  • Max Pet Weight: 25
  • Pet Size: Small (16-35 Lbs.)

Fee Information

  • Total Annual Fees: 12000.00
  • Total Monthly Fees: 1000.00
  • Monthly HOA Amount: 1000.00

Schools

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

Lot Info

  • Zoning: R3MX
  • Parcel Number: 7990300357
  • Additional Parcels: No
  • Flood Zone Code: AE,VE
  • Future Land Use: 0400

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Yes

Tax Info

  • Tax Annual Amount: 7426
  • Tax Book Number: 0014/0096
  • Tax Lot: 206

Multi Family

  • Waterfront Features: Gulf/Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 29, 2024
Sold by
Michael J Stone Revocable Trust
Bought by
Lbk Cove Llc
Current Estimated Value
$1,353,994

Purchase Details

Closed on
Feb 6, 2017
Sold by
Lyons Lora Suzanne and Lora Suzanne Lyons Revocable L
Bought by
Stone Michael J and Michael J Stone Revocable Trus

Purchase Details

Listed on
Mar 7, 2014
Closed on
Jun 18, 2014
Sold by
Neher Frances Louise
Bought by
Lyons Lora Suzanne and Lora Suzanne Lyons Revocable L
Seller's Agent
Mark Huber
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Liz Gardini
PMI PROPERTY SOLUTIONS
List Price
$1,195,000
Sold Price
$915,000
Premium/Discount to List
-$280,000
-23.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.51%
Original Mortgage
$640,500
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 15, 2002
Sold by
Neher Robert J
Bought by
Neher Robert J and Neher Frances Louise
Source: Public Records

Range of Values:

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Average Value
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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
Lbk Cove Llc $1,850,000 None Listed On Document
Stone Michael J $1,050,000 Attorney
Lyons Lora Suzanne $915,000 Msc Title Inc
Neher Robert J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lyons Lora Suzanne $640,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/18/2014 06/18/14 Sold $915,000 -8.5% $532 / Sq Ft
05/14/2014 05/14/14 Pending -- -- --
04/25/2014 04/25/14 Price Changed $999,500 -8.7% $581 / Sq Ft
04/08/2014 04/08/14 Price Changed $1,095,000 -8.4% $636 / Sq Ft
03/07/2014 03/07/14 For Sale $1,195,000 -- $694 / 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 $17,280 $977,500 -- $977,500
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 $15,417 $890,000 $0 $890,000
2018 $15,066 $855,000 $0 $0
2017 $13,430 $805,900 $0 $0
2016 $13,472 $790,000 $0 $0
2015 $7,868 $768,250 $0 $0
2014 $7,868 $490,992 $0 $0
2013 $7,427 $483,736 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2014

    Mark Huber

    Michael Saunders

    (941) 954-5454

    3 in this area

    5 Total Sales

    Mark Huber
    Section Image

  • E

    Seller Co-Listing Agent in 2014

    Erin Mcwhorter

    PREMIER SOTHEBYS INTL REALTY

    (941) 228-1405

    5 Total Sales

    Erin Mcwhorter
    Section Image

  • L

    Buyer's Agent in 2014

    Liz Gardini

    PMI PROPERTY SOLUTIONS

    (941) 748-6300

    14 Total Sales

    Liz Gardini
    Section Image
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Map

Source: Stellar MLS

MLS Number: A3994194

Stellar MLS

APN: 79903-0035-7

Florida Manatee County Longboat Key 34228

5481 Gulf of Mexico Dr Unit 206, Longboat Key, FL

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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