NOT LISTED FOR SALE

5841 Gulf of Mexico Dr Unit 258 Longboat Key, FL 34228

Estimated Value: $380,608 - $486,000

1 Bed
1 Bath
520 Sq Ft
$745/mo HOA Fee

Last Sold August 18, 2020

Last sale price $325,000 $625 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $3,543/month

5 Days on Market

Highlights

  • 160 Feet of Waterfront
  • Private Beach
  • Fishing
  • Anna Maria Elementary School Rated A-
  • Heated In Ground Pool
  • Full Gulf or Ocean Views

About This Home

As of August 2020

With a average of $40,0000 rental income, this Gulf side condominium may very well pay for itself. Earn income or use this exceptional condominium when you like, renting it out with an on-site rental management company when not owner occupied. This unit is one of the rare condominiums on Longboat Key that can be rented nightly. This second floor, one bedroom, one bath fully furnished condo also has a large screened-in lanai. This Gulf front complex of 26 units has a heated pool, beach chairs and umbrellas, a mini putting green, shuffleboard, pool-side grills, plus WiFi in the units and on the grounds. The oversize pool is just steps away from the gorgeous sandy beach and the aqua-blue waters of the Gulf of Mexico. Full rental income and expense statements are available upon request. Buyer should verify all rental income and expenses. There is an on-site rental management office operated daily from 9 AM to 5 PM.

Last Agent to Sell the Property

Reid Murphy

DEVELOPERS REALTY LBK, INC License #0613756 Listed on: 08/03/2020

Last Buyer's Agent

Reid Murphy

DEVELOPERS REALTY LBK, INC License #0613756 Listed on: 08/03/2020

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,461

Year Built

  • Built in 1972

Lot Details

  • 160 Feet of Waterfront
  • Private Beach
  • South Facing Home
  • Irrigation

HOA Fees

  • $745 Monthly HOA Fees

Home Design

  • Condo Hotel
  • Slab Foundation
  • Metal Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 520 Sq Ft Home
  • 1-Story Property
  • Crown Molding
  • Ceiling Fan
  • Ceramic Tile Flooring
  • Full Gulf or Ocean Views

Kitchen

  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Solid Wood Cabinet
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Heated In Ground Pool
  • Water Access
  • Balcony

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Sandy Ellis Association, Phone Number (866) 870-6596
  • Silver Sands A Condo Subdivision

Recreation

  • Fishing

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,461

Year Built

Built in 1972

Lot Details

0

HOA Fees

$745 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condo - Hotel
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 520
  • New Construction: No
  • Year Built: 1972
  • Directions to Property: Gulf of Mexico Drive to north Longboat. Property on beach side at 6000 block
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4474117?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4474117?w=Customer
  • Floor Number: 2
  • Homestead Y N: No
  • Total Acreage: Non-Applicable
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.91549
  • Price per Sq Ft: 625
  • Close to Original List Price Ratio: 0.91549
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2019
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile
  • Full Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Crown Molding, Solid Surface Counters, Solid Wood Cabinets
  • Appliances Included: Dishwasher, Disposal, Microwave, Range, Range Hood, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 1
  • Levels: One
  • Stories: 1
  • Street Number Modifier: 5841
  • Room Count: 4

Exterior Features

  • Direction Faces: South
  • Pool Features: Heated, In Ground
  • Exterior Features: Balcony, Irrigation System
  • Roof: Metal
  • Pool Private: Yes
  • Water Body Name: Gulf Of Mexico
  • Waterfront: Yes
  • Water View: Gulf/Ocean - Full
  • Water Access: Beach - Private
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Waterfront Frontage: 160
  • Water Frontage Feet Beach Prvt: 160

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No

Utilities

  • Utilities: Cable Connected, Electricity Connected
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Fishing
  • Association Fee: 2235
  • Association Fee Frequency: Quarterly
  • Association Name: Sandy Ellis
  • Phone: 1-866-870-6596
  • Association: Yes
  • Senior Community: No
  • Condo Fees Term: Quarterly
  • Association Fee Requirement: Required
  • Association Approval Required YN: No

Fee Information

  • Total Annual Fees: 8940
  • Monthly HOA Fee: 745
  • Total Monthly Fees: 745

Lot Info

  • Zoning: RSF2
  • Parcel Number: 8005201809
  • Additional Parcels: No
  • Flood Zone Code: AE

Rental Info

  • Pets Allowed: No
  • Minimum Lease: 1-7 Days
  • Lease Restrictions Y N: No

Tax Info

  • Tax Annual Amount: 5460.56
  • Tax Book Number: 32-166
  • Tax Lot: 0

Multi Family

  • Waterfront Features: Beach - Private

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2020
Closed on
Aug 28, 2020
Sold by
Edwards Cynthia and Trethewey Colin
Bought by
258 Silver Sands Llc
Seller's Agent
Reid Murphy
DEVELOPERS REALTY LBK, INC
Buyer's Agent
Reid Murphy
DEVELOPERS REALTY LBK, INC
List Price
$355,000
Sold Price
$325,000
Premium/Discount to List
-$30,000
-8.45%
Current Estimated Value
$425,902

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,902
Avg. Annual Appreciation
5.34%

Purchase Details

Listed on
Aug 3, 2020
Closed on
Aug 14, 2020
Sold by
Saloga James E and Saloga Roberta L
Bought by
Trethewey Colin and Edwards Cynthia
Seller's Agent
Reid Murphy
DEVELOPERS REALTY LBK, INC
Buyer's Agent
Reid Murphy
DEVELOPERS REALTY LBK, INC
List Price
$355,000
Sold Price
$325,000
Premium/Discount to List
-$30,000
-8.45%

Purchase Details

Closed on
Mar 1, 2016
Sold by
Bussanich Steven and Bussanich Elizabeth
Bought by
Saloga James E and Saloga Roberta L

Purchase Details

Listed on
Jan 17, 2013
Closed on
May 14, 2013
Sold by
Srur Marcel and Srur Kristen
Bought by
Bussanich Steven and Bussanich Elizabeth
Seller's Agent
Este Lennox
ROSEBAY INTERNATIONAL REALTY, INC
Buyer's Agent
Terry Goodman
LIMBO COMPANY SARASOTA ASSOC
List Price
$280,000
Sold Price
$245,000
Premium/Discount to List
-$35,000
-12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.53%

Purchase Details

Closed on
Mar 1, 2005
Sold by
Reliance Silversands Llc
Bought by
Srur Marcel and Srur Kristen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
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
258 Silver Sands Llc -- None Listed On Document
Trethewey Colin $325,000 None Available
Saloga James E $380,000 Msc Title Inc
Bussanich Steven $245,000 Attorney
Srur Marcel $475,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Srur Marcel $230,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/18/2020 08/18/20 Sold $325,000 -8.5% $625 / Sq Ft
08/07/2020 08/07/20 Pending -- -- --
08/02/2020 08/02/20 For Sale $355,000 +44.9% $683 / Sq Ft
05/14/2013 05/14/13 Sold $245,000 -12.5% $471 / Sq Ft View Prior Sale
04/27/2013 04/27/13 Pending -- -- --
01/17/2013 01/17/13 For Sale $280,000 -- $538 / 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 $6,773 $378,250 -- $378,250
2024 $6,773 $425,000 -- $425,000
2023 $6,593 $425,000 $0 $425,000
2022 $5,775 $336,000 $0 $336,000
2021 $5,466 $315,000 $0 $315,000
2020 $5,761 $315,000 $0 $315,000
2019 $5,461 $300,000 $0 $300,000
2018 $5,200 $280,000 $0 $0
2017 $4,987 $291,900 $0 $0
2016 $4,388 $265,200 $0 $0
2015 $3,435 $224,750 $0 $0
2014 $3,435 $197,160 $0 $0
2013 $2,707 $163,281 $1 $163,280
Source: Public Records

Agents Affiliated with this Home

  • Reid Murphy

    Seller's Agent in 2020

    Reid Murphy

    DEVELOPERS REALTY LBK, INC

    (941) 232-3304

    107 in this area

    132 Total Sales

    Reid Murphy
    Section Image

  • E

    Seller's Agent in 2013

    Este Lennox

    ROSEBAY INTERNATIONAL REALTY, INC

    (941) 366-7673

    12 Total Sales

    Este Lennox
    Section Image

  • T

    Buyer's Agent in 2013

    Terry Goodman

    LIMBO COMPANY SARASOTA ASSOC

See All Agents

Map

Source: Stellar MLS

MLS Number: A4474117

Stellar MLS

APN: 80052-0180-9

Florida Manatee County Longboat Key 34228

5841 Gulf of Mexico Dr Unit 258, Longboat Key, FL

This home is located at 5841 Gulf of Mexico Dr Unit 258, Longboat Key, FL 34228 since 03 August 2020 and is currently estimated at $425,902, approximately $819 per square foot. This property was built in 1972. 5841 Gulf of Mexico Dr Unit 258 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