5311 Gulf Of Mexico Drive #3 Longboat Key, FL 34228

$1,350,000
2
Beds
2
Baths
1.01
Acres
1,028
SQFT
1313
$/SQFT
$1,350,000
2
Beds
2
Baths
1,028   sf
$1313 / sf
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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!

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!

  • Neighborhood
  • Type
  • Total Baths
  • County
    Manatee
  • Area
    34228 - Longboat Key
  • HOA Dues
    $1,302/mo
  • Tax Amount
    $12,052
  • Status
    Active
  • Listing #
    A4604824
  • Built
    1973
  • Lot Size
    1.01
  • Listed on site
    31 days

Listed by:
Mckay Management & Realty

Source:
StellarMLS

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School Info

Property details

Community Features

  • Community Pool
  • Community Fitness Room
  • Has HOA
  • Rental Restrictions - 1-7 Days

Property Features

  • Underground Utilities
  • Sewer
  • Pets Allowed
  • Has Virtual Tour

Waterfront

  • Water front
  • Gulf Or Ocean
  • Gulf Or Ocean To Bay

View

  • Water view
  • Gulf - Full
  • Gulf To Bay

Exterior features

  • No Pool
  • Parking Off-Street
  • Pool Below Ground
  • Parking
  • Tennis Court
  • Stucco

Interior Features

  • Central Air Conditioning
  • Tile - Floors

Style

  • 1st Floor Unit

Financing

  • Cash
  • Conventional Financing
  • None
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