Sold
4725 GULF OF MEXICO DR #308
LONGBOAT KEY FL, 34228
$699,000
$633.15 per sqft
Sold
2 Beds
2 Baths
1,104 sqft
Condo
Built in 1974
Opportunity to invest in a vacation rental on Longboat Key that allows rentals with a 3-day minimum lease managed by on-site management. No cap on owner usage so you can also use it extensively yourself. This top-floor condominium with vaulted ceilings has updated bathrooms and tile flooring throughout. It even offers a peek of the Gulf from the sizable balcony. It comes turnkey furnished. Sand Cay is a beautiful Gulf-front beach resort with lush, tropical landscaping, tennis court, pool, shuffleboard, a barbecue area, lounge chairs and showers on the beach. No need to worry about the future. In 2008 the whole building went through an extensive reconstruction. This included building anchoring, exterior walls, windows, doors, stairways, walkways and steel beams. The owner paid about $85,000 special assessment. Additionally, in 2016 a new metal roof was installed. In order to avoid special assessments in the future a big share of the condominium fees feeds a reserve fund. On-site management fees are 18 % if on-site management brings the guest and 15% if the owner provides a guest. Reported revenue in 2021 was $36,181. Zota Beach Resort with a bar and restaurant is next door. Publix, Walgreens, banks, post office and restaurants are close by on the Key. A 15-minute drive brings you to St. Armands Circle, a 20-minute drive to downtown Sarasota.
A4540738
MLSⓇ ID
June 24, 2022
Listed
March 22, 2024
Updated
Map
4725 GULF OF MEXICO DR #308
LONGBOAT KEY FL, 34228
Interior Features
Total Stories
3
Bedrooms
2 Beds
Bathrooms
2 Baths
Interior Features
Ceiling Fans(s), High Ceilings, Living Room/Dining Room Combo, Thermostat, Vaulted Ceiling(s)
Appliances
Dishwasher, Electric Water Heater, Microwave, Range, Range Hood, Refrigerator
Laundry Description
Laundry Room, Outside
Floor Description
Tile
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central, Electric
Exterior/Building Features
Exterior Features
Balcony, Irrigation System, Lighting, Outdoor Grill, Sidewalk, Sliding Doors, Tennis Court(s)
Lot Features
Flood Zone
Architectual Style
Other
Roof
Built-Up
Sewer
Public Sewer
School Information
High School
Bayshore High
Elementary School
Anna Maria Elementary
Other Property Details
Area Name
34228 - Longboat Key
Taxes
$6,622
Tax Frequency
Annually
Days on Market
26
Association Fee
Not Listed
Association Amenities
Cable TV, Laundry, Pool, Tennis Court(s)
Garage
No
Parking
Assigned, Guest
View
Yes
View Description
Garden, Pool
County
Manatee
Water Source
Public
Pool
No
Waterfront
Yes
Zoning
T6
Buyer Agency Compensation
3%
Listed by Mark Baumgarten, Sandra Appignani with PREMIER SOTHEBYS INTL REALTY
Listing Contact: 941-364-4000
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Data last updated 3/22/2024, 5:44 AM UTC