5581 Gulf of Mexico Dr Longboat Key, FL 34228
Estimated payment $90,984/month
Highlights
- 200 Feet of Public Beach Waterfront
- Deeded access to the beach
- 2.02 Acre Lot
- Anna Maria Elementary School Rated A-
- In Ground Pool
- 5-minute walk to Joan M. Durante Community Park
About This Home
Sought after slice of beachfront paradise on the exclusive island of Longboat Key. Rarely available 2 acre property with 200 feet of beach frontage on the Gulf of America. Currently it hosts a quaint inn featuring ten suites and one cottage, all had been renovated with timeless old Florida decor. The property is surrounded by tropical blooms , lush foliage, vine covered arbors, swaying palm trees, a private gazebo, and a heated swimming pool. Amazing opportunity for a new development, or alternatively a chance to easily bring the property back to its recent glory. The property has been approved to build two single family homes or a six unit luxury Condominium. This fantastic location is near the growing number of top restaurants and attractions . Walk to Harry's Euphemia Haye, Lazy Lobster, new local favorite Lo' Key or stroll over to the bay at Durante Park. All this is just a short drive to the renowned shopping, dining and cultural attractions of St Armands Circle, as wells Downtown Sarasota and Anna Maria Island. So many possibilities for this location, location , location !
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $80,316
Year Built
- Built in 1952
Lot Details
- 2.02 Acre Lot
- Lot Dimensions are 200x441
- 200 Feet of Public Beach Waterfront
- West Facing Home
- Street paved with bricks
- Additional Parcels
- Property is zoned R3MX
Home Design
- Slab Foundation
- Metal Roof
- HardiePlank Type
Interior Spaces
- 8,529 Sq Ft Home
- Ceiling Fan
- French Doors
- Living Room
- Tile Flooring
- Beach Views
- Laundry Located Outside
Kitchen
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 11 Bedrooms
Outdoor Features
- In Ground Pool
- Deeded access to the beach
- Balcony
- Courtyard
Utilities
- Central Heating and Cooling System
- Private Sewer
- Cable TV Available
Community Details
- No Home Owners Association
- Longboat Key Community
- Longboat Key Subdivision
Listing and Financial Details
- Visit Down Payment Resource Website
- Tax Lot 11 12
- Assessor Parcel Number 7983900059
Map
Home Values in the Area
Average Home Value in this Area
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 | $80,316 | $5,197,512 | $4,873,050 | $324,462 |
| 2024 | $80,316 | $5,226,446 | $4,873,050 | $353,396 |
| 2023 | $81,746 | $5,184,212 | $4,873,050 | $311,162 |
| 2022 | $83,218 | $5,210,668 | $4,914,000 | $296,668 |
| 2021 | $81,163 | $5,215,284 | $4,914,000 | $301,284 |
| 2020 | $75,961 | $4,470,471 | $4,095,000 | $375,471 |
| 2019 | $71,699 | $4,257,852 | $3,900,000 | $357,852 |
| 2018 | $72,473 | $4,233,040 | $3,900,000 | $333,040 |
| 2017 | $68,666 | $4,243,863 | $0 | $0 |
| 2016 | $63,508 | $3,801,784 | $0 | $0 |
| 2015 | $54,402 | $3,423,686 | $0 | $0 |
| 2014 | $54,402 | $3,122,479 | $0 | $0 |
| 2013 | $63,042 | $3,796,750 | $3,361,600 | $435,150 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/24/2025 02/24/25 | For Sale | $15,500,000 | -- | $1,817 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $4,200,000 | Attorney |
Source: Stellar MLS
MLS Number: A4641831
APN: 79839-0005-9
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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