NOT LISTED FOR SALE

5555 Gulf of Mexico Dr Unit 202 Longboat Key, FL 34228

Estimated Value: $740,000 - $1,723,000

3 Beds
3 Baths
1,828 Sq Ft
$1,233/mo HOA Fee

Last Sold January 06, 2020

Last sale price $1,250,000 $684 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $9,851/month

89 Days on Market

Highlights

  • 100 Feet of Waterfront
  • Water access To Gulf or Ocean
  • Full Gulf or Ocean Views
  • Anna Maria Elementary School Rated A-
  • Heated In Ground Pool
  • 4-minute walk to Joan M. Durante Community Park

About This Home

As of January 2020

Imagine coming home to heavenly sunsets over the breathtaking Gulf of Mexico. Tranquil gulf views are yours to enjoy from every room in this incredible 3 BR, 3BA condo! Who doesn't love the sound of the ocean waves lapping the shoreline, but if you're in the mood for some music, switch on the surround sound and pipe your favorite tunes into the kitchen, living and dining room and master suite.
It you love to entertain, you'll appreciate the spacious kitchen with ample counter space and cabinets, eat-in area and built in pantry. Want to bring the party outside? This property offers its own slice of paradise with a private beachfront cabana, swimming pool and tennis courts.
This oasis is uniquely private, as condominiums with only a dozen units are rare. This property boasts a sought-after second floor unit with nearby elevator and electric hurricane shutters on every window. It's conveniently located as well, close to Longboat Key's favorite retreats, including 32-acre Joan Durante Park, 5-star fine ding and boutiques. Have you been searching for that perfect retreat? Look no further, but don't wait- properties like this one don't come on the market often!

Last Agent to Sell the Property

Ruth Wood

WAGNER REALTY License #0594406 Listed on: 09/17/2019

WAGNER REALTY

Last Buyer's Agent

Mike Seamon

PREMIER SOTHEBY'S INTERNATIONAL REALTY License #3358790

PREMIER SOTHEBY'S INTERNATIONAL REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $16,422

Year Built

  • Built in 1980

Lot Details

  • 100 Feet of Waterfront
  • Property fronts gulf or ocean
  • West Facing Home
  • Irrigation
  • Landscaped with Trees
  • Condo Land Included

HOA Fees

  • $1,233 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 1,828 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Furnished
  • High Ceiling
  • Ceiling Fan
  • Shutters
  • Sliding Doors
  • Great Room
  • Combination Dining and Living Room
  • Storage Room
  • Inside Utility
  • Full Gulf or Ocean Views

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Parking

  • 1 Carport Space
  • Portico
  • Circular Driveway
  • Guest Parking
  • Parking Garage Space
  • Open Parking

Pool

  • Heated In Ground Pool
  • Outside Bathroom Access

Outdoor Features

  • Water access To Gulf or Ocean
  • Balcony

Location

  • Flood Zone Lot
  • Flood Insurance May Be Required

Schools

  • Anna Maria Elementary School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, community pool, insurance, maintenance structure, ground maintenance, maintenance repairs, manager, pool maintenance, sewer, trash, water
  • Chip Tappan Association
  • Mid-Rise Condominium
  • Tides Of Longboat Condo Community
  • Tides Of Longboat Condo The Subdivision
  • Association Owns Recreation Facilities
  • The community has rules related to deed restrictions, no truck, recreational vehicles, or motorcycle parking, vehicle restrictions
  • Rental Restrictions

Recreation

  • Tennis Courts
  • Community Pool

Pet Policy

  • No Pets Allowed

Additional Features

  • Hurricane or Storm Shutters
  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$16,422

Year Built

Built in 1980

Lot Details

0

HOA Fees

$1,233 per month

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Insurance, Maintenance Structure, Maintenance Grounds, Maintenance Repairs, Manager, Pool Maintenance, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1828
  • New Construction: No
  • Year Built: 1980
  • Building Area Total: 2056
  • Directions to Property: Longboat Key on Gulf of Mexico Drive to 5555.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4444711?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4444711?w=Customer
  • Floor Number: 2
  • Homestead Y N: No
  • Total Acreage: Non-Applicable
  • Unit Number Y N: No
  • Property Description: Mid Rise
  • Ratio: Close Price\List Price: 0.90909
  • Price per Sq Ft: 683.81
  • Close to Original List Price Ratio: 0.83333
  • Ratio: Current Price\Building Area Total: 607.98
  • View: Yes
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2018
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Tile, Hardwood
  • Full Bathrooms: 3
  • Interior Amenities: Ceiling Fans(s), Eating Space In Kitchen, Elevator, High Ceiling(s), Living Room/Dining Room Combo, Open Floorplan, Split Bedroom, Stone Counters, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Stories: 3
  • Window Features: Shutters
  • Street Number Modifier: 5555
  • Room Count: 11
  • Additional Rooms: Great Room, Inside Utility, Storage Rooms
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: West
  • Other Structures: Tennis Court(s)
  • Pool Features: Heated, In Ground, Outside Bath Access
  • Exterior Features: Balcony, Hurricane Shutters, Irrigation System, Sliding Doors, Tennis Court(s)
  • Roof: Built-Up, Other
  • Pool Private: No
  • 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: 100
  • Water Frontage Feet Gulf Ocean: 100
  • Disclosures: Condominium Disclosure Available

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: Yes
  • Garage Yn: No
  • Parking Features: Circular Driveway, Covered, Guest, Open, Portico, Under Building
  • Covered Parking Spaces: 1
  • Open Parking: Yes

Utilities

  • Utilities: Electricity Connected, Public, Sewer Connected, Sprinkler Meter, 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: Association Recreation - Owned, Buyer Approval Required, Deed Restrictions, No Truck/RV/Motorcycle Parking, Pool, Tennis Courts, Water Access, Waterfront
  • Association Amenities: Elevator(s), Pool, Tennis Court(s), Vehicle Restrictions
  • Association Name: Chip Tappan
  • Association: Yes
  • Senior Community: No
  • Condo Fees: 3700
  • Condo Fees Term: Quarterly
  • Condo Land Included Y N: Yes
  • Monthly Condo Fee Amount: 1233
  • Association Fee Requirement: None
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 14800
  • Total Monthly Fees: 1233.33

Schools

  • Elementary School: Anna Maria Elementary

Lot Info

  • Zoning: R3MX
  • Parcel Number: 7984900352
  • Additional Parcels: No
  • Lot Features: Flood Insurance Required, FloodZone
  • Flood Zone Code: VE
  • Flood Zone Date: 2014-03-17
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Furnished
  • Pets Allowed: No
  • Minimum Lease: 3 Months
  • Approval Process: Buyers must be approved by board
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: See lease restrictions

Tax Info

  • Tax Annual Amount: 16422
  • Tax Lot: 0000

Multi Family

  • Waterfront Features: Gulf/Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2019
Closed on
Dec 26, 2019
Sold by
Ditrapano Martha Di and Ditrapano Martha Di
Bought by
Hantz John R
Seller's Agent
Ruth Wood
WAGNER REALTY
Buyer's Agent
Mike Seamon
PREMIER SOTHEBY'S INTERNATIONAL REALTY
List Price
$1,500,000
Sold Price
$1,250,000
Premium/Discount to List
-$250,000
-16.67%
Current Estimated Value
$1,308,694

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,694
Avg. Annual Appreciation
0.79%

Purchase Details

Closed on
Aug 16, 2017
Sold by
Ditrapano Rudolph L and Ditrapano Martha V
Bought by
Ditrapano Martha and Longboat Key Revocable Trust
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
Hantz John R $1,250,000 Attorney
Ditrapano Martha -- Attorney
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/06/2020 01/06/20 Sold $1,250,000 -9.1% $684 / Sq Ft
12/15/2019 12/15/19 Pending -- -- --
12/11/2019 12/11/19 Price Changed $1,375,000 -8.3% $752 / Sq Ft
09/17/2019 09/17/19 For Sale $1,500,000 -- $821 / 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 $21,062 $1,241,000 -- $1,241,000
2024 $21,062 $1,394,000 -- $1,394,000
2023 $19,876 $1,300,500 $0 $1,300,500
2022 $18,489 $1,207,500 $0 $1,207,500
2021 $16,286 $995,000 $0 $995,000
2020 $17,179 $995,000 $0 $995,000
2019 $17,304 $1,140,000 $0 $1,140,000
2018 $16,422 $1,090,000 $0 $0
2017 $13,872 $939,900 $0 $0
2016 $12,690 $817,250 $0 $0
2015 $9,920 $710,690 $0 $0
2014 $9,920 $569,351 $0 $0
2013 $9,135 $547,452 $1 $547,451
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2020

    Ruth Wood

    WAGNER REALTY

    (941) 586-7777

    25 Total Sales

    Ruth Wood
    Section Image
  • Mike Seamon

    Buyer's Agent in 2020

    Mike Seamon

    PREMIER SOTHEBY'S INTERNATIONAL REALTY

    (941) 586-1802

    55 in this area

    79 Total Sales

    Mike Seamon
    Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: A4444711

Stellar MLS

APN: 79849-0035-2

Florida Manatee County Longboat Key 34228

5555 Gulf of Mexico Dr Unit 202, Longboat Key, FL

This home is located at 5555 Gulf of Mexico Dr Unit 202, Longboat Key, FL 34228 since 17 September 2019 and is currently estimated at $1,308,694, approximately $715 per square foot. This property was built in 1980. 5555 Gulf of Mexico Dr Unit 202 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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