$1,199,000
For Sale

5311 GULF OF MEXICO DRIVE #3

Longboat Key, FL 34228
1124 sqft | 2 beds | 2 baths | #A4635657
Browse 27 photos
Type:Purchase
Structure:Condo
Zone:Residential

Description

Turnkey furnished and ready to enjoy or rent, this charming beachfront retreat on Longboat Key offers the perfect blend of coastal living and investment potential. Situated directly on the pristine shores of the Gulf of Mexico, this two-bedroom residence grosses an average of six figures in annual rental income, making it an exceptional opportunity for personal enjoyment or weekly rentals. Set within Beach Castle Resort, this first-floor, direct Gulf-front property boasts breathtaking water views and effortless beach access just steps from the outdoor entertaining spaces. Inside, the light-filled interior features oversized tile flooring, updated windows and sliders (2009), and a granite kitchen with modern cabinetry, appliances, and upgraded plumbing and electrical systems (2006). The open-concept layout seamlessly connects the kitchen, living, and dining areas, with sliders leading to an inviting patio and a screened-in space ideal for relaxation. The two-bedroom split layout ensures privacy for guests. The primary suite enjoys private patio access and serene Gulf views, creating a peaceful retreat for owners and visitors alike. Beach Castle Resort is one of the rare Longboat Key communities offering flexible daily, weekly, or monthly rental programs. Residents and guests appreciate the beach-to-bay amenities, including deeded beach access, barbecue grilling areas, a sundeck with a heated swimming pool and spa, a fishing pier, and a day dock for boating enthusiasts (no overnight docking, first-come basis). The north end of Longboat Key offers a relaxed, tropical lifestyle. Bayfront Park and Cedars Tennis Resort are minutes away, while the southern end of the island brings the liveliness of the Longboat Key Club, fine dining, boutique shopping at St. Armands Circle, and the cultural attractions of downtown Sarasota. This beachfront retreat is an ideal escape, combining Gulf-front tranquility with exceptional rental income potential.

  • Property Details
      • InteriorCeiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Stone Counters, Tra
      • Utility FeaturesCable Available, Electricity Connected, Phone Available, Public, Sewer Connected, Underground Utilities, Water Connected
      • Pets AllowedCats OK, Dogs OK, Number Limit, Size Limit, Yes
      • Lot DescriptionFlood Insurance Required, FloodZone, In County
      • Exterior MaterialsLighting, Sidewalk, Sliding Doors, Storage
      • SubdivisionMCCALLS BEACH CASTLE
      • Sewer InformationPublic Sewer
      • Property SubtypeCondominium
      • Original List Price$1,199,000
      • Property TypePurchase
      • MLS #A4635657
      • MLS #A4635657
      • CountyManatee
      • Taxes Annual$12,052
      • Cost1199000
      • Utility SourcePublic
      • ViewWater
      • Square Feet1124
      • Year Built1973
      • FoundationSlab
      • Days on Market (Cumulative)12
      • Bedrooms2
      • Bathrooms2
      • Full Baths2
      • Stories2

Location

Sunshine Group InternationalSunshine Group International
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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