$215,000
$10K PRICE DROP

5500 Longwood Run Blvd Unit 203 Sarasota, FL 34243

Longwood Run Neighborhood

Estimated payment $1,821/month

Total Views 3,306
2 Beds
2 Baths
954 Sq Ft
$225 Price per Sq Ft

Highlights

  • 1.38 Acre Lot
  • Open Floorplan
  • Main Floor Primary Bedroom
  • Booker High School Rated A-
  • Cathedral Ceiling
  • Park or Greenbelt View

About This Home

PRICE ADJUSTMENT! DON'T WAIT!
Here are FIVE reasons someone would want to buy 5500 Longwood Run Boulevard Unit 203 in Sarasota, Florida:
1. Affordable and Updated Living: The condo is a great blend of affordability and location. It's a 2-bedroom, 2-bathroom unit with just under 1,000 square feet of living space. It has been updated with features like laminate and tile flooring, and a screened porch. This allows a new owner to move in without the immediate need for major renovations.
2. Convenient Location: The unit is situated in a highly desirable area. It offers easy access to I-75, is close to the UTC Mall for world-class shopping, dining, and entertainment, and provides a straightforward route to Sarasota's beaches. The location is also noted to be near the Longwood Run Park, which offers walking/running trails, playgrounds, picnic areas, basketball & tennis courts, and an indoor fitness center.
3. Maintenance-Free Lifestyle: The property is part of a small, two-building complex that offers "maintenance-free living." The HOA fees cover services like cable TV, common area taxes, insurance, maintenance of the grounds and structure, pest control, and trash removal. This makes it an appealing option for someone who wants to enjoy the Florida lifestyle without the typical upkeep of a single-family home.
4. Desirable Interior Features: The condo includes several appealing interior features. It has an open floorplan with cathedral and high ceilings, creating a spacious and airy feel. The layout is a split-bedroom plan, which provides privacy. The unit also includes a walk-in closet in the primary bedroom and an in-unit laundry closet with a washer and dryer.
5. Rental and Pet-Friendly Policies: The complex has a pet-friendly policy, allowing for 2 dogs of any breed + cats with some minor restrictions (max pet weight of 40 lbs.) It is also approved for leasing with some restrictions, making it a potentially good investment property for someone looking to rent it out.

Listing Agent

Bailey Dempsey

KW COASTAL LIVING III Brokerage Phone: 941-900-4151 License #3306079 Listed on: 06/24/2025

KW COASTAL LIVING III

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,087

Year Built

  • Built in 1994

Lot Details

  • North Facing Home

HOA Fees

Home Design

  • Entry on the 2nd floor
  • Slab Foundation
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 954 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Cathedral Ceiling
  • Ceiling Fan
  • Window Treatments
  • Sliding Doors
  • Great Room
  • Combination Dining and Living Room
  • Park or Greenbelt Views

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Laminate
  • Concrete
  • Tile
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • En-Suite Bathroom
  • Walk-In Closet
  • 2 Full Bathrooms
  • Shower Only

Laundry

  • Laundry closet
  • Dryer
  • Washer

Outdoor Features

  • Screened Patio
  • Private Mailbox
  • Rear Porch

Utilities

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

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, common area taxes, insurance, maintenance structure, ground maintenance, management, pest control, private road, trash
  • Gulf Coast Community Mgmt/ Tracy Ashby Association
  • Longwood Run Association
  • Magnolia Place Condos
  • Magnolia Place Community
  • Magnolia Place Subdivision
  • The community has rules related to deed restrictions, no truck, recreational vehicles, or motorcycle parking

Amenities

  • Community Mailbox

Pet Policy

  • Pets up to 40 lbs
  • 2 Pets Allowed
  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,087

Year Built

Built in 1994

Lot Details

0

HOA Fees

$507 per month

Listing Details

  • HOA Fee Includes: Cable TV, Common Area Taxes, Insurance, Maintenance Structure, Maintenance Grounds, Management, Pest Control, Private Road, Trash
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 954
  • Lot Size Acres: 1.38
  • New Construction: No
  • Year Built: 1994
  • Building Area Total: 1026
  • Lot Size Sq Ft: 59996
  • Directions to Property: From I-75 take Exit 213 (University Parkway) and head West toward the beach. At the light at Longwood Run/University Park turn left on to Longwood Run. View the Longwood Run Park entrance on your right. After you've explored the park, continue on Longwood Run for about 1/2 mile to the coral shaded condos of Magnolia Place. The 5500 building is the one on the right. Park in any guest spot or the one for this unit labeled 203. Please do not park in any other units' spot.
  • Status: Active
  • Ownership: Condominium
  • Available for Lease YN: 1
  • Escrow State: FL
  • Floor Number: 2
  • List Office Head Office Key Nume: 203884503
  • Minimum Lease: 1 Month
  • Number Of Pets: 2
  • RATIO Current Price By Calculate: 225.37
  • Unit Number YN: 0
  • Water Access YN: 0
  • Condo Fees Term: Monthly
  • MFR_InLawSuiteYN: 0
  • Attribution Contact: 941-900-4151
  • Tax Year: 2024
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Luxury Vinyl, Tile
  • Full Bathrooms: 2
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fans(s), High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Split Bedroom, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 2
  • Street Number Modifier: 5500
  • Living Area Meters: 88.63
  • Room Count: 6

Exterior Features

  • Direction Faces: North
  • Exterior Features: Private Mailbox, Sliding Doors
  • Roof: Shingle
  • Pool Private: No
  • View: Park/Greenbelt
  • Waterfront: No
  • Patio and Porch Features: Rear Porch, Screened
  • Road Surface Type: Paved
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Date: 2024-03-27
  • Flood Zone Panel: 12115C0063G

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Utilities: Cable Available, Electricity Connected, Public, Sewer Connected, Underground Utilities, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside, Laundry Closet
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Community Mailbox, Deed Restrictions, No Truck/RV/Motorcycle Parking
  • Association Name: Gulf Coast Community Mgmt/ Tracy Ashby
  • Association: No
  • Senior Community: No
  • Association #2 Fee: 439
  • Association #2 Fee Frequency: Semi-Annually
  • Association: Longwood RUN
  • Association 2 YN: 1
  • Association Approval Required YN: 1
  • Complex Community Name Nccb: MAGNOLIA PLACE
  • Pet Restrictions: Pets are normally limited to two and the acquisition of a pet must have prior written approval of the Board of Directors. All pets must be kept on a leash at all times. The Florida Leash Law will be enforced. NOTE: Renters are not allowed dogs.
  • Building Name Number: 5500
  • Condo Fees: 434
  • Condo Land Included YN: 0
  • Max Pet Weight: 40
  • Montly Maint Amt Addition To HOA: 0
  • Association Email: info@gulfcoastcm.com
  • Monthly Condo Fee Amount: 434
  • Pet Size: Medium (36-60 Lbs.)

Fee Information

  • Total Annual Fees: 6086.00
  • Total Monthly Fees: 507.17

Lot Info

  • Zoning: RSF1
  • Parcel Number: 0018161015
  • Additional Parcels: No
  • Flood Zone Code: X
  • Homestead YN: 1
  • Lot Size Square Meters: 5574
  • Zoning Compatible YN: 1

Rental Info

  • Furnished: Negotiable
  • Pets Allowed: Cats OK, Dogs OK, Number Limit
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Required $150 application fee (per applicant).

Tax Info

  • Tax Annual Amount: 2087
  • Tax Book Number: 30-24
  • Tax Lot: 203

Multi Family

  • Approval Process: 9040 Town Center Pkwy Lakewood Ranch, FL 34202 941-870-5600 Gulf Coast Community Management Office: 941-870-5600 Email: info@gulfcoastcm.com

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $1,984 $175,367 -- --
2023 $1,984 $170,259 $0 $0
2022 $1,903 $165,300 $0 $165,300
2021 $1,659 $106,100 $0 $106,100
2020 $700 $59,095 $0 $0
2019 $661 $57,766 $0 $0
2018 $630 $56,689 $0 $0
2017 $649 $55,523 $0 $0
2016 $655 $86,200 $0 $86,200
2015 $662 $82,700 $0 $82,700
2014 $660 $52,782 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2025 08/11/25 Price Changed $215,000 -4.4% $225 / Sq Ft
06/24/2025 06/24/25 For Sale $225,000 +28.6% $236 / Sq Ft
07/02/2021 07/02/21 Sold $174,900 0.0% $183 / Sq Ft
05/24/2021 05/24/21 Pending -- -- --
05/05/2021 05/05/21 Price Changed $174,900 -0.9% $183 / Sq Ft
04/12/2021 04/12/21 Price Changed $176,500 -1.1% $185 / Sq Ft
03/18/2021 03/18/21 For Sale $178,500 -- $187 / Sq Ft
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $174,900 None Listed On Document
Warranty Deed $75,000 Sunbelt Title Agency
Warranty Deed $81,000 --
Deed $69,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $139,920 New Conventional
Previous Owner $64,800 No Value Available
Previous Owner $52,400 No Value Available
Source: Public Records

Source: Stellar MLS

MLS Number: A4655287

Stellar MLS

APN: 0018-16-1015