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
$1,667/mo HOA Fee

Last Sold January 30, 2024

Last sale price $1,850,000 $1,075 Per Sq Ft

Est. 27% decrease in value since last sale

Current estimated payment $10,194/month

1 Day on Market

Highlights

  • Property fronts gulf or ocean
  • Sauna
  • Wood Flooring
  • Anna Maria Elementary School Rated A-
  • Open Floorplan
  • Main Floor Primary Bedroom

About This Home

As of January 2024

Beautiful Ocean front condo completely remodeled (2017) to include hurricane windows/sliders just steps to the beach. Corner unit. One garage parking spot & storage unit. New AC unit (2023). Building has new roof (2023) assessment paid. Condo features all high end upgrades, sub zero refrigerator, Wolf induction range/oven/ Wolf Microwave, Coach Dishwasher, Electrolux Washer/Dryer. Custom shades/drapes. Engineered hardwood floors.

Last Agent to Sell the Property

Moe Mossa

SAVVY AVENUE, LLC Brokerage Phone: 888-490-1268 License #3432985 Listed on: 12/11/2023

Last Buyer's Agent

Stellar Non-Member Agent

STELLAR NON-MEMBER OFFICE

STELLAR NON-MEMBER OFFICE

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $17,012

Year Built

  • Built in 1980

Lot Details

  • Property fronts gulf or ocean
  • Northeast Facing Home
  • Street paved with bricks

HOA Fees

  • $1,667 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Garage Door Opener
  • Guest Parking
  • Assigned Parking

Home Design

  • Entry on the 2nd floor
  • Slab Foundation
  • Concrete Siding

Interior Spaces

  • 1,721 Sq Ft Home
  • 4-Story Property
  • Open Floorplan
  • Family Room Off Kitchen
  • Combination Dining and Living Room
  • Sauna
  • Full Gulf or Ocean Views

Kitchen

  • Eat-In Kitchen
  • Built-In Convection Oven
  • Cooktop with Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Wine Refrigerator
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

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

Utilities

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

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, pool, insurance, maintenance structure, ground maintenance, management, pest control, water
  • Darlene Martin Association, Phone Number (941) 356-6133
  • Longboat Cove Community
  • Longboat Cove Subdivision

Amenities

  • Elevator
  • Community Storage Space

Recreation

  • Tennis Courts
  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed
  • Pets up to 25 lbs

Security

  • Card or Code Access
  • Hurricane or Storm Shutters

Property Details

Home Type

Condominium

Est. Annual Taxes

$17,012

Year Built

Built in 1980

Lot Details

0

HOA Fees

$1,667 per month

Parking

1

Listing Details

  • HOA Fee Includes: Cable TV, Pool, Insurance, Maintenance Structure, Maintenance Grounds, Management, Pest Control, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Concrete
  • Fireplace: No
  • Living Area: 1721
  • New Construction: No
  • Year Built: 1980
  • Building Area Total: 1800
  • Status: Sold
  • Ownership: Condominium
  • ResoBuildingAreaSource: Owner
  • Escrow State: FL
  • Floor Number: 2
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 1074.96
  • Water Access YN: 1
  • Condo Fees Term: Quarterly
  • MFR_InLawSuiteYN: 0
  • Attribution Contact: 888-490-1268
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Hardwood, Tile
  • Full Bathrooms: 2
  • Interior Amenities: Eat-in Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Open Floorplan, Stone Counters, Walk-In Closet(s), Window Treatments
  • Appliances Included: Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Ice Maker, Microwave, Range, Range Hood, Refrigerator, Washer, Wine Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Stories: 4
  • ResoLivingAreaSource: Owner
  • Living Area Meters: 159.89

Exterior Features

  • Direction Faces: Northeast
  • Exterior Features: Balcony, Hurricane Shutters, Outdoor Grill, Sauna, Storage, Tennis Court(s)
  • Roof: Other
  • Pool Private: No
  • View: Water
  • Waterfront: Yes
  • Road Surface Type: Brick
  • Water Access: Gulf/Ocean
  • Water View: Gulf/Ocean - Full
  • Water View YN: 1
  • Waterfront Feet Total: 0
  • Flood Zone Panel: 12081C0291F

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Assigned, Garage Door Opener, Guest

Utilities

  • Utilities: Cable Available
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Tennis Courts
  • Association Amenities: Cable TV, Elevator(s), Lobby Key Required, Pool, Spa/Hot Tub, Storage, Tennis Court(s)
  • Association Fee Frequency: Quarterly
  • Association Name: Darlene Martin
  • Phone: (941) 356-6133
  • Association: Yes
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Association Fee Requirement: Required
  • Condo Fees: 5000
  • Condo Land Included YN: 0
  • Max Pet Weight: 25
  • Monthly Condo Fee Amount: 1667

Fee Information

  • Total Annual Fees: 20000.00
  • Total Monthly Fees: 1666.67

Lot Info

  • Zoning: R3MX
  • Parcel Number: 7990300357
  • Additional Parcels: No
  • Flood Zone Code: AE

Rental Info

  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Please read condo rules and regulations

Tax Info

  • Tax Annual Amount: 17012
  • Tax Book Number: 1018-3046
  • Tax Lot: 00

Multi Family

  • Waterfront Features: Gulf/Ocean
  • Approval Process: Please read condo rules and regulations

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2023
Closed on
Jan 29, 2024
Sold by
Michael J Stone Revocable Trust
Bought by
Lbk Cove Llc
Seller's Agent
Moe Mossa
SAVVY AVENUE, LLC
Buyer's Agent
Stellar Non-Member Agent
STELLAR NON-MEMBER OFFICE
List Price
$1,950,000
Sold Price
$1,850,000
Premium/Discount to List
-$100,000
-5.13%
Views
12
Current Estimated Value
$1,353,994

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$496,006
Avg. Annual Appreciation
-16.34%

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

Closed on
Jun 18, 2014
Sold by
Neher Frances Louise
Bought by
Lyons Lora Suzanne and Lora Suzanne Lyons Revocable L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
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 Prior Sale
01/30/2024 01/30/24 Sold $1,850,000 -5.1% $1,075 / Sq Ft
12/13/2023 12/13/23 Pending -- -- --
12/11/2023 12/11/23 For Sale $1,950,000 +95.0% $1,133 / Sq Ft
01/29/2014 01/29/14 Sold $1,000,000 -16.3% $581 / Sq Ft View Prior Sale
12/01/2013 12/01/13 Pending -- -- --
08/19/2013 08/19/13 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

  • Moe Mossa

    Seller's Agent in 2024

    Moe Mossa

    SAVVY AVENUE, LLC

    (888) 490-1268

    3 in this area

    2,735 Total Sales

    Moe Mossa
    Section Image

  • 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
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Map

Source: Stellar MLS

MLS Number: A4592021

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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