NOT LISTED FOR SALE

5841 Gulf of Mexico Dr Unit 246 Longboat Key, FL 34228

Estimated Value: $371,554 - $669,000

1 Bed
1 Bath
520 Sq Ft
$741/mo HOA Fee

Last Sold May 24, 2018

Last sale price $345,000 $663 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $3,760/month

89 Days on Market

Highlights

  • 158 Feet of Waterfront
  • Water access To Gulf or Ocean
  • Heated In Ground Pool
  • Anna Maria Elementary School Rated A-
  • Private Beach
  • Partial Gulf or Ocean Views

About This Home

As of May 2018

Longboat beachside condo at Silver Sands, a short-term rental complex. This one-bedroom walkout unit has exceptional income. The unit, sold turnkey furnished, has been continuously updated, including new central air conditioning and furniture. Its views are to the southwest across the pool to the Gulf. Guests enjoy the warm winter sun from a large enclosed lanai and the pristine beach is literally steps away. The complex offers a Gulfside heated pool, beach chairs and umbrellas, WiFi in the units and on the grounds, a mini-putt course, shuffleboard, poolside grills, and onsite rental management daily 9-5.

Last Agent to Sell the Property

Terry Goodman

LIMBO COMPANY SARASOTA ASSOC License #0643781 Listed on: 02/02/2018

Last Buyer's Agent

Eileen Gillen

COLDWELL BANKER REALTY License #3385420

COLDWELL BANKER REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,768

Year Built

  • Built in 1972

Lot Details

  • 158 Feet of Waterfront
  • Property fronts gulf or ocean
  • Private Beach
  • Public Beach
  • Northeast Facing Home
  • Mature Landscaping
  • Irrigation
  • Landscaped with Trees

HOA Fees

  • $741 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Metal Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 520 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Furnished
  • Crown Molding
  • Ceiling Fan
  • Blinds
  • Great Room
  • Family Room Off Kitchen
  • Ceramic Tile Flooring
  • Partial Bay or Harbor Views

Kitchen

  • Eat-In Kitchen
  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom

Home Security

Parking

  • Guest Parking
  • Open Parking

Pool

  • Heated In Ground Pool
  • Gunite Pool

Outdoor Features

  • Water access To Gulf or Ocean
  • Deeded access to the beach
  • Deck
  • Screened Patio
  • Porch

Location

  • Flood Zone Lot
  • Flood Insurance May Be Required

Schools

  • Anna Maria Elementary School
  • W.D. Sugg Middle School
  • Bayshore High School

Utilities

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

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, community pool, escrow reserves fund, fidelity bond, insurance, maintenance structure, ground maintenance, manager, sewer, trash, water
  • Silver Sands A Condo Subdivision
  • On-Site Maintenance
  • Association Owns Recreation Facilities
  • The community has rules related to deed restrictions

Recreation

  • Community Pool

Pet Policy

  • No Pets Allowed

Additional Features

  • Laundry Facilities
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,768

Year Built

Built in 1972

Lot Details

0

HOA Fees

$741 per month

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Escrow Reserves Fund, Fidelity Bond, Insurance, Maintenance Structure, Maintenance Grounds, Manager, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Traditional
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 520
  • New Construction: No
  • Year Built: 1972
  • Building Area Total: 640
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4209154&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4209154&cview=true&show_results=true&customer_portal=true
  • Floor Number: 2
  • Homestead Y N: No
  • Total Acreage: Non-Applicable
  • Home Warranty Y N: No
  • Call Center Phone Number: 941-308-7777
  • Ratio: Close Price\List Price: 0.92
  • Price per Sq Ft: 663.46
  • Close to Original List Price Ratio: 0.92
  • Ratio: Current Price\Building Area Total: 539.06
  • View: Yes
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2017
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile
  • Full Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Crown Molding, Eating Space In Kitchen, Kitchen/Family Room Combo, Master Bedroom Main Floor, Open Floorplan, Solid Surface Counters, Window Treatments
  • Appliances Included: Dishwasher, Disposal, Electric Water Heater, Microwave, Oven, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 1
  • Levels: One
  • Stories: 1
  • Window Features: Blinds, Window Treatments
  • Room Count: 5
  • Additional Rooms: Great Room
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: Northeast
  • Pool Features: Gunite, Heated, In Ground
  • Exterior Features: Irrigation System
  • Roof: Metal
  • Pool Private: No
  • View: Water
  • Water Body Name: Gulf Of Mexico
  • Waterfront: Yes
  • Patio and Porch Features: Deck, Patio, Porch, Screened
  • Water View: Gulf/Ocean - Partial
  • Water Access: Beach - Access Deeded, Beach - Private, Beach - Public, Gulf/Ocean
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Flood Zone Panel: 12081C0291E
  • Waterfront Frontage: 158
  • Water Frontage Feet Gulf Ocean: 158
  • Disclosures: Condominium Disclosure Available, Lead Paint, Seller Property Disclosure

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Guest, None, Open
  • Open Parking: Yes

Utilities

  • Utilities: Cable Connected, Electricity Connected, Public
  • Cooling: Central Air
  • Heating: Central, Electric
  • 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, Pool
  • Association Amenities: Laundry, Maintenance
  • Association: No
  • Security: Smoke Detector(s)
  • Senior Community: No
  • Condo Fees: 2222
  • Condo Fees Term: Quarterly
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 741
  • Association Fee Requirement: None
  • Association Approval Required YN: No

Fee Information

  • Total Annual Fees: 8888
  • Total Monthly Fees: 740.67

Schools

  • Elementary School: Anna Maria Elementary
  • High School: Bayshore High
  • Middle Or Junior School: W.D. Sugg Middle

Lot Info

  • Zoning: R3MX
  • Parcel Number: 8005201209
  • Additional Parcels: No
  • Lot Features: CoastalConstruction Control Line, Flood Insurance Required, FloodZone
  • Flood Zone Code: AE
  • Flood Zone Date: 2014-03-17
  • Zoning Compatible Y N: Yes
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Furnished
  • Pets Allowed: No
  • Minimum Lease: 1-7 Days
  • Num Timesper Year: 365
  • Lease Restrictions Y N: No

Tax Info

  • Tax Annual Amount: 3768
  • Tax Book Number: 32-166
  • Tax Lot: 0

Multi Family

  • Waterfront Features: Gulf/Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2018
Closed on
May 24, 2018
Sold by
Goldthwaite Mary Jane and Goodman Terry
Bought by
La Guinguette Inc
Seller's Agent
Terry Goodman
LIMBO COMPANY SARASOTA ASSOC
Buyer's Agent
Eileen Gillen
COLDWELL BANKER REALTY
List Price
$375,000
Sold Price
$345,000
Premium/Discount to List
-$30,000
-8%
Current Estimated Value
$470,639

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$125,639
Avg. Annual Appreciation
4.26%

Purchase Details

Closed on
Mar 1, 2005
Sold by
Reliance Silversands Llc
Bought by
Goldthwaite Mary Jane and Goodman Terry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,250
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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 Buyer Sale Price Title Company
La Guinguette Inc $345,000 Msc Title Inc
Goldthwaite Mary Jane $495,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Goldthwaite Mary Jane $296,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/24/2018 05/24/18 Sold $345,000 -8.0% $663 / Sq Ft
05/03/2018 05/03/18 Pending -- -- --
02/02/2018 02/02/18 For Sale $375,000 -- $721 / 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 $6,604 $129,413 -- $129,413
2024 $6,604 $416,500 -- $416,500
2023 $6,403 $412,250 $0 $412,250
2022 $5,607 $325,500 $0 $325,500
2021 $5,305 $305,000 $0 $305,000
2020 $5,601 $310,000 $0 $310,000
2019 $5,040 $275,000 $0 $275,000
2018 $4,547 $260,000 $0 $0
2017 $3,768 $232,500 $0 $0
2016 $3,524 $211,500 $0 $0
2015 $2,717 $177,750 $0 $0
2014 $2,717 $155,942 $0 $0
2013 $2,430 $145,601 $1 $145,600
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2018

    Terry Goodman

    LIMBO COMPANY SARASOTA ASSOC

  • Eileen Gillen

    Buyer's Agent in 2018

    Eileen Gillen

    COLDWELL BANKER REALTY

    (941) 993-0370

    47 in this area

    109 Total Sales

    Eileen Gillen
    Section Image
  • Brian Gillen

    Buyer Co-Listing Agent in 2018

    Brian Gillen

    COLDWELL BANKER REALTY

    (941) 920-3491

    Brian Gillen
    Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: A4209154

Stellar MLS

APN: 80052-0120-9

Florida Manatee County Longboat Key 34228

5841 Gulf of Mexico Dr Unit 246, Longboat Key, FL

This home is located at 5841 Gulf of Mexico Dr Unit 246, Longboat Key, FL 34228 since 02 February 2018 and is currently estimated at $470,639, approximately $905 per square foot. This property was built in 1972. 5841 Gulf of Mexico Dr Unit 246 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

Nearby Homes