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5311 Gulf Of Mexico Drive , #3

Longboat Key, FL 34228
  • $1,350,000
  • STATUS: Active
  • ON SITE: 22 Days
  • MLS #: A4604824
$1,350,000
  • 2
    BEDS
  • 1.01
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,028
    SQFT
  • $1,313
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1973
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

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!

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© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2024-04-17T20:41:59.94.
www.reliancebrokeragefl.com/homes/148918632
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5311 Gulf Of Mexico Drive , #3 Longboat Key, FL 34228

  • Price: $1,350,000
  • Status: Active
  • On Site: 22 Days
  • MLS #: A4604824
2
Beds
2
Baths
0
½ Baths
1.01
Acres
1,028
SQFT
$1,313
$/SQFT
1973
Built
Neighborhood:
Mccalls Beach Castle
County:
Manatee
Area:
Longboat Key
Elementary School:
Anna Maria Elementary
Middle School:
Martha B. King Middle
High School:
Bayshore High
Property Description
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!
Exterior Features

Architectural Style Florida Carport Yn No Construction Materials Stucco Direction Faces East Exterior Features Outdoor GrillSidewalkTennis Court(s) Foundation Details Slab Lot Features LandscapedSidewalk Other Structures Tennis Court(s) Parking Features Off Street Patio And Porch Features CoveredEnclosedScreened Pool Features DeckGuniteIn GroundLighting Pool Private Yn No Road Surface Type Gravel Roof Concrete Spa Features HeatedIn Ground Spa YN Yes View Water Water Access Gulf/Ocean to Bay Water Access Yn Yes Water Body Name Gulf Of MexicoSarasota Bay Water Extras Fishing Pier Water Extras Yn Yes Water View Gulf/Ocean - FullGulf/Ocean to Bay Water View Yn Yes Waterfront Features Bay/Harbor FrontGulf/Ocean FrontGulf/Ocean to Bay Waterfront Feet Total 0 Waterfront Yn Yes

Interior Features

Appliances Convection OvenDishwasherMicrowaveRefrigerator Building Area Total 1124 Cooling Central Air Cooling YN Yes Fireplace Yn No Flooring Tile Heating Central Heating YN Yes Interior Features Ceiling Fans(s)Eating Space In KitchenKitchen/Family Room Combo Laundry Features Common Area Levels One Sewer Public Sewer Stories Total 1 Water Source Public

Property Features

Additional Lease Restrictions Beach Castle Resort is a condotel that allows daily rentals. Rentals are managed by RVA and can be booked through their website www.beachcastle.com. Please verify all HOA information with the community manager. Association Approval Required Yn No Association Fee 1301.92 Association Fee Frequency Monthly Association Fee Monthly Amount 1301.92 Association Fee Requirement Required Association Yn Yes Cdd Yn No Community Features Bay/Harbor FrontDockGulf/Ocean FrontWater AccessFitness CenterPoolTennis Court(s) Condo Fees 0 Condo Land Included Yn No Flood Zone Code AE Floor Number 1 Garage Yn No Homestead Yn No Lease Considered YN Yes Lease Restrictions YN Yes Listing Terms CashConventional Minimum Lease 1-7 Days Month To Month Or Weekly Yn No New Construction Yn No Number Of Pets 2 Ownership Condominium Pet Size Small (16-35 Lbs.) Pets Allowed Dogs OKNumber LimitSize Limit Property Sub Type Condo - Hotel Senior Community Yn No Special Listing Conditions None Sw Subdiv Community Name Longboat Key Tax Annual Amount 12051.97 Total Annual Fees 15623.04 Total Monthly Fees 1301.92 Utilities BB/HS Internet AvailableCable ConnectedPhone AvailableSewer ConnectedUnderground UtilitiesWater Connected Yrs Of Owner Prior To Leasing Re No Zoning R4MX


Listing information © 2024 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of MCKAY MANAGEMENT & REALTY: 815-483-5052.



© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2024-04-17T20:41:59.94.
 
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