5311 Gulf Of Mexico Drive 3, LONGBOAT KEY, FL

$1,350,000

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2

Beds

2

Baths

1,028

Square feet

1.01

Acres

About 5311 Gulf Of Mexico Drive 3

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!

Features of 5311 Gulf Of Mexico Drive 3

MLS® # A4604824
Price $1,350,000
Bedrooms 2
Bathrooms 2.00
Full Baths 2
Square Footage 1,028
Acres 1.01
Year Built 1973
Type Residential
Sub-Type Condo - Hotel
Style Florida
Status Active

Community Information

Address 5311 Gulf Of Mexico Drive 3
Area Longboat Key
Subdivision MCCALLS BEACH CASTLE
City LONGBOAT KEY
County Manatee
State FL
Zip Code 34228

Amenities

Parking Off Street
View Water
Is Waterfront Yes
Waterfront Gulf/Ocean to Bay
Has Pool No

Interior

Interior Features Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo
Appliances Convection Oven, Dishwasher, Microwave, Refrigerator
Heating Central
Cooling Central Air
Fireplace No
# of Stories 1

Exterior

Exterior Features Outdoor Grill, Sidewalk, Tennis Court(s)
Lot Description Landscaped, Sidewalk
Roof Concrete
Foundation Slab

School Information

Elementary Anna Maria Elementary
Middle Martha B. King Middle
High Bayshore High

Additional Information

Date Listed March 26th, 2024
Days on Market 25
Zoning R4MX
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeMCKAY MANAGEMENT & REALTY

Listing Map

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