$875,000
SOLD FEB 26, 2025

5655 Gulf of Mexico Dr Unit D205 Longboat Key, FL 34228

2 Beds
2 Baths
1,274 Sq Ft
$1,000/mo HOA Fee

Recently Sold

$687 Per Sq Ft

20% Below List Price

81 Days on Market

Highlights

  • 596 Feet of Ocean or Gulf Waterfront
  • Heated In Ground Pool
  • Stone Countertops
  • Water access To Gulf or Ocean
  • Partial Gulf or Ocean Views
  • Tennis Courts

About This Home

As of February 2025

Experience breathtaking beach and Gulf views from this spacious, turnkey-furnished 2-bedroom, 2-bath renovated Cedars West unit. This exquisite property showcases numerous upgrades, with no detail overlooked. Featuring stone countertops and high-end appliances, the relaxed ambiance makes this unit highly sought after. Spanning over 1,270 square feet of air-conditioned living space, it boasts a large screened-in lanai where you can relish the gentle breezes and stunning sunsets over the tranquil Gulf of Mexico. Ample storage is available throughout, with generous closets in both bedrooms and an owner’s closet. The beach just outside this furnished unit is a renowned nesting ground for sea turtles. Enjoy watching dolphins and manatees swim by while soaking up the sun on one of Florida’s finest beaches. Cedars West also offers a variety of amenities, including a large heated and cooled swimming pool, two tennis courts, BBQ stations, and racks for kayaks and bikes. An onsite rental office is available for those interested in taking advantage of the rare optional 2-week rental policy on Longboat Key. Don’t miss this opportunity to fulfill your dream of living on the beach!

Last Agent to Sell the Property

John Milkovich

CHARLES RUTENBERG REALTY INC Brokerage Phone: 866-580-6402 License #3272123 Listed on: 11/29/2024

CHARLES RUTENBERG REALTY INC

Last Buyer's Agent

Stellar Non-Member Agent

STELLAR NON-MEMBER OFFICE

STELLAR NON-MEMBER OFFICE

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,884

Year Built

  • Built in 1975

Lot Details

  • 596 Feet of Ocean or Gulf Waterfront
  • South Facing Home

HOA Fees

  • $1,000 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Slab Foundation
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 1,274 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Window Treatments
  • Sliding Doors
  • Living Room
  • Dining Room
  • Ceramic Tile Flooring
  • Partial Bay or Harbor Views

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry in Kitchen
  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Gunite Pool

Outdoor Features

  • Water access To Gulf or Ocean
  • Balcony
  • Private Mailbox

Utilities

  • Central Air
  • Heating Available
  • Thermostat
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include common area taxes, pool, escrow reserves fund, insurance, maintenance structure, ground maintenance, maintenance, management
  • Steve Higbee Association, Phone Number (941) 231-0050
  • Visit Association Website
  • Cedars West Of Longboat Inc Community
  • Cedars West Of Longboat Inc Subdivision
  • The community has rules related to deed restrictions

Recreation

  • Tennis Courts
  • Community Pool

Pet Policy

  • 1 Pet Allowed
  • Extra large pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,884

Year Built

Built in 1975

Lot Details

0

HOA Fees

$1,000 per month

Listing Details

  • HOA Fee Includes: Common Area Taxes, Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Maintenance, Management
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1274
  • New Construction: No
  • Year Built: 1975
  • Building Area Total: 1391
  • Status: Sold
  • Ownership: Condominium
  • Building Area Total Srch Sq M: 129.23
  • Escrow State: FL
  • Floor Number: 1
  • Minimum Lease: 2 Weeks
  • Number Of Pets: 1
  • RATIO Current Price By Calculate: 686.81
  • Water Access YN: 1
  • MFR_NumAssignedParkingSpaces: 1
  • MFR_InLawSuiteYN: 0
  • MFR_DockYN: 0
  • Attribution Contact: 866-580-6402
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Solid Wood Cabinets, Stone Counters, Thermostat, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Spa Yn: No
  • Stories: 1
  • Living Area Meters: 118.36

Exterior Features

  • Direction Faces: South
  • Pool Features: Gunite, Heated, In Ground
  • Exterior Features: Balcony, Private Mailbox, Sliding Doors
  • Roof: Shingle
  • Pool Private: No
  • Water Body Name: GULF OF MEXICO
  • Waterfront: Yes
  • Road Surface Type: Asphalt
  • Water Access: Gulf/Ocean
  • Water View: Gulf/Ocean - Partial
  • Water View YN: 1
  • Waterfront Feet Total: 596
  • Water Frontage Feet Gulf Ocean: 596

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Pool, Tennis Court(s)
  • Association Fee: 3000
  • Association Fee Frequency: Quarterly
  • Association Name: Steve Higbee
  • Phone: 941-231-0050
  • Association: Yes
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0
  • Pet Restrictions: Owners may have one pet
  • Association Fee Requirement: Required
  • Condo Fees: 0
  • Condo Land Included YN: 0
  • Association Email: CEDARSWE@ciramail.com
  • Pet Size: Extra Large (101+ Lbs.)
  • Association URL: www.realmanage.com

Fee Information

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

Lot Info

  • Zoning: R3MX
  • Parcel Number: 7927302757
  • Additional Parcels: No
  • Flood Zone Code: AE

Rental Info

  • Pets Allowed: Number Limit
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: 2 week minimum

Tax Info

  • Tax Annual Amount: 9884.03
  • Tax Book Number: 5-96
  • Tax Lot: 000

Multi Family

  • Waterfront Features: Gulf/Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2024
Closed on
Feb 26, 2025
Sold by
Raftis Joe
Bought by
Accardi Longboat Llc
Seller's Agent
John Milkovich
CHARLES RUTENBERG REALTY INC
Buyer's Agent
Stellar Non-Member Agent
STELLAR NON-MEMBER OFFICE
List Price
$1,095,000
Sold Price
$875,000
Premium/Discount to List
-$220,000
-20.09%
Views
22
Current Estimated Value
$802,707

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$72,293
Avg. Annual Appreciation
-10.10%

Purchase Details

Closed on
Aug 30, 2006
Sold by
Nusholtz Guy and Nusholtz Neal
Bought by
Raftis Joe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $875,000 None Listed On Document
Warranty Deed $650,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $295,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/26/2025 02/26/25 Sold $875,000 -12.4% $687 / Sq Ft
02/18/2025 02/18/25 Pending -- -- --
02/17/2025 02/17/25 Price Changed $999,000 -8.8% $784 / Sq Ft
02/14/2025 02/14/25 For Sale $1,095,000 0.0% $859 / Sq Ft
01/30/2025 01/30/25 Pending -- -- --
11/29/2024 11/29/24 Price Changed $1,095,000 +4.3% $859 / Sq Ft
11/29/2024 11/29/24 For Sale $1,050,000 -- $824 / 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 $10,218 $595,000 -- $595,000
2024 $10,218 $671,500 -- $671,500
2023 $9,884 $663,000 $0 $663,000
2022 $8,223 $561,750 $0 $561,750
2021 $7,894 $475,000 $0 $475,000
2020 $8,016 $465,000 $0 $465,000
2019 $7,159 $410,000 $0 $410,000
2018 $7,786 $440,000 $0 $0
2017 $7,941 $486,000 $0 $0
2016 $7,300 $426,400 $0 $0
2015 $6,441 $380,700 $0 $0
2014 $6,441 $369,668 $0 $0
2013 $5,777 $346,181 $1 $346,180
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: TB8325820

Stellar MLS

APN: 79273-0275-7