5125 Gulf Of Mexico Drive 7, LONGBOAT KEY, FL

$1,250,000

Previous Next

2

Beds

2

Baths

961

Square feet

About 5125 Gulf Of Mexico Drive 7

Exceptional Investment Opportunity: Turnkey Furnished Condo at Seagrape Inn** Discover an exceptional investment opportunity with this elegant, fully renovated, turnkey furnished condo in the exclusive boutique-style Seagrape Inn, a resort with only eight units. Nestled beachside on the beautiful Gulf of Mexico, the Seagrape Inn offers an idyllic setting for both personal use and rental income. Owners can enjoy unlimited personal usage while benefiting from a lucrative rental program managed by a professional on-site property manager, with no minimum rental restrictions. This condo promises potential annual revenue exceeding $106,000 currently, while still allowing ample personal use. The current owners have a profit and loss statement ready to share. The Seagrape Inn is meticulously maintained, featuring lush landscaping in an upscale tropical setting. Unit 7, located on the second floor, offers exceptional views of the ocean and pool. Relax on your screened lanai, enjoying the warm breeze with your morning coffee, afternoon cocktail, or a good book. Inside, the spacious open floor plan provides plenty of room to unwind, complete with all new, comfortable furniture and a flat-screen TV in the living area. The fully renovated interior boasts first-class materials and finishes throughout the entire space. Improvements made 2023/2024 include new luxury waterproof vinyl floors throughout, new interior paint, new doors and trim, a full kitchen renovation with new cabinets, granite countertops, and appliances. Both bathrooms have been fully renovated with new tiles, vanities, and showers. The primary bedroom features an inviting king-size bed, ample closet space, a flat-screen TV, and a recently remodeled bathroom. The second bedroom includes a queen-size bed, a flat-screen TV, and a recently remodeled bath as well. A new A/C unit was installed in 2021. This condo is sold fully turn-key furnished and, includes dedicated parking an owner's locker, and is conveniently located near restaurants and shops. The complex recently installed hurricane windows and doors. Amenities at Seagrape Inn include: - Private Entrance to Each Condo - Private Heated Pool - Private Beach Area with Lounge Chairs & Umbrellas - On-Site Laundry & Ice Machine - Upgraded Wi-Fi throughout the Resort - Cable TV - Gazebo with Gas BBQ Grill - Beach Towels & Linens Enjoy the extremely private, quiet, and serene atmosphere of this lovely condo, the perfect getaway to relax and enjoy spectacular Gulf sunsets while creating new memories. Don't miss this opportunity!

Features of 5125 Gulf Of Mexico Drive 7

MLS® # A4616212
Price $1,250,000
Bedrooms 2
Bathrooms 2.00
Full Baths 2
Square Footage 961
Acres 0.00
Year Built 1983
Type Residential
Sub-Type Condominium
Style Traditional
Status Active

Community Information

Address 5125 Gulf Of Mexico Drive 7
Area Longboat Key
Subdivision SEAGRAPE INN
City LONGBOAT KEY
County Manatee
State FL
Zip Code 34228

Amenities

Amenities Laundry, Maintenance, Storage
View Water
Is Waterfront Yes
Waterfront Beach Front
Has Pool Yes

Interior

Interior Features Living Room/Dining Room Combo, Open Floorplan, Split Bedroom, Thermostat
Appliances Convection Oven, Dishwasher, Disposal, Electric Water Heater, Microwave, Range Hood, Refrigerator
Heating Central
Cooling Central Air
Fireplace No
# of Stories 2

Exterior

Exterior Features Balcony, Hurricane Shutters, Irrigation System, Lighting, Outdoor Grill, Sidewalk, Sliding Doors
Lot Description CoastalConstruction Control Line, FloodZone, City Limits, Near Marina, Sidewalk
Roof Membrane
Foundation Block, Slab, Stem Wall

School Information

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

Additional Information

Date Listed July 5th, 2024
Days on Market 10
Zoning LBK_R-3MX
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCENTURY 21 BEGGINS ENTERPRISES

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?