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5311 Gulf Of Mexico Drive Unit 3

Longboat Key, FL 34228

2 beds
2 baths
1,028 sqft
~1 acre lot
$1,313 per sqft
1973 build
– on site

Welcome to your own piece of paradise right on the shores of Longboat Key! This is a rare opportunity for an owner/investor to enjoy all that Longboat Key has to offer while maximizing rental profits with daily rentals! Take in the bright blue waters through the sliding glass doors as soon as you step in to the two-bedroom two-bathroom 1,028 square foot space. This turnkey, furnished unit is clean and well maintained with tile floors throughout. The kitchen offers an open space with updated appliances and sparkling granite countertops. The primary suite offers an en-suite bathroom and opens up to the screened in lanai with water views of the gulf. The second bedroom also offers an en-suite bathroom with two queen beds and extra space for guests. Beach Castle Resort offers a bay to gulf property, with a heated swimming pool and spa on the bay side, including a community dock and kayak launch. The gulf side of the complex offers a BBQ grille, separate laundry room, and provides beach chairs and umbrellas for use on the sandy beach. Beach Castle's rental policy accommodates minimum 1 to 7 day tenancies, with in-house property management provided by RVA. Seller reports revenue of $142,000 in 2023. Owners and tenants alike are able to use Cedar's amenities and overflow parking just up the road which includes a junior Olympic pool, ten lighted tennis courts, 24/7 fitness center and bicycles. Beach Castle Resort is pet friendly for an owner's small dog. Right in the middle of LBK, in close proximity to restaurants, St. Armand's circle and downtown Sarasota. Part time or full time, this opportunity provides flexibility to enjoy the beach life!

Listing courtesy of STELLAR_MLS / MCKAY MANAGEMENT & REALTY

Last checked: Checking… • Last updated Mar 28, 2024 •

MLS# A4604824 —

The Building

Year Built:

1973
New Construction:

false
Construction Materials:

Stucco
Architectural Style:

Florida
Building Area Total:

1124
Common Walls:

Corner Unit
Levels:

One
Stories Total:

1
Unit Number:

3
Floor Number:

1
Roof:

Concrete
Foundation Details:

Slab
Patio And Porch Features:

Covered

Interior

Interior Features:

Ceiling Fans(s)
Flooring:

Tile
Fireplace:

false

Room Dimensions

Living Area:

1028
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

Gulf of Mexico Dr to 5000 block, turn west into community.
Latitude:

27.408873
Longitude:

-82.656699
Coordinates:

-82.656699, 27.408873

The Property

Parcel Number:

7993710259
Property Type:

Residential
Property Sub Type:

Condo - Hotel
Lot Features:

Landscaped
Lot Size Acres:

1.01
Lot Size Square Feet:

44121
Lot Size Area:

1.0129
Lot Size Units:

Acres
Zoning:

R4MX
View:

Water
Direction Faces:

East
Exterior Features:

Outdoor Grill
Water Source:

Public
Total Acreage:

1 to less than 2
Road Surface Type:

Gravel
Flood Zone Code:

AE
Homestead:

false
Lease Restrictions:

true

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Book Number:

1-287
Tax Annual Amount:

12051.97
Tax Legal Description:

UNIT 3 MCCALLS BEACH CASTLE CONDOMINIUM PI#79937.1025/9

Beds

Bedrooms Total:

2

Baths

Bathrooms Total:

2
Bathrooms Total:

2
Bathrooms Full:

2

The Listing

Virtual Tour URL Unbranded:

https://www.propertypanorama.com/instaview/stellar/A4604824
Special Listing Conditions:

None
Buyer's Brokerage Compensation:

3%

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

BB/HS Internet Available
Sewer:

Public Sewer

Appliances

Appliances:

Convection Oven
Laundry Features:

Common Area

Schools

Elementary School:

Anna Maria Elementary
Middle Or Junior School:

Martha B. King Middle
High School:

Bayshore High

The Community

Subdivision Name:

MCCALLS BEACH CASTLE
Senior Community:

false
Community Features:

Bay/Harbor Front
Water View:

Gulf/Ocean - Full
Water View:

true
Water Access:

Gulf/Ocean to Bay
Water Access:

true
Water Extras:

Fishing Pier
Water Body Name:

Gulf Of Mexico, Sarasota Bay
Waterfront:

true
Waterfront Features:

Bay/Harbor Front
Spa:

true
Spa Features:

Heated
Pool Private:

false
Pool Features:

Deck
Pets Allowed:

Dogs OK
Number Of Pets:

2
Association:

true
Association Fee:

1301.92
Association Fee Frequency:

Monthly
Association Fee Requirement:

Required
Monthly HOA Amount:

1301.92
Ownership:

Condominium
Association Approval Required:

false

Parking

Garage:

false
Carport:

false
Parking Features:

Off Street

Extra Units

Other Structures:

Tennis Court(s)

Monthly cost estimate

Asking price

$1,350,000

Expense	Monthly cost
Mortgage	$7,228
Taxes	$1,004
Insurance	$371
HOA fees	$1,302
Utilities	$108 See report
Total	$10,013/mo.^*
	^*This is an estimate

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Sale history

Date	Event	Source	Price	% Change
3/26/24 Mar 26, 2024	Listed / Active	STELLAR_MLS	$1,350,000	200.0% (15.4% / YR)
3/18/11 Mar 18, 2011		STELLAR_MLS	$450,000

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This condo located in Longboat Key, FL 34228 is currently for sale for $1,350,000. 5311 Gulf Of Mexico Drive Unit 3 is a 1,028 square foot condo with 2 beds and 2 baths that has been on Estately for 32 days. This condo is in the attendance area of Bayshore High School, King Middle School, and Anna Maria Elementary School.

Listing Courtesy of: STELLAR_MLS and MCKAY MANAGEMENT & REALTY.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.