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5950 GULF OF MEXICO DRIVE

Lots/Land Recently Sold
$950,000

BTC: 14.78599222

ETH: 499.30622714

Sold on: 2021-03-19
New
Waterfront
0 room(s)

Overview

Exclusive Longboat Key .72 Acre Prime Waterfront Estate Building Lot with New Sea Wall and New Boat Dock with Multiple Boat Lifts Ready to go for your Dream New Construction Home! Features include: Exclusive Gulf of Mexico Drive Address, Long 100 x 315 Foot Lot Situated on .72 Acres, Deep Water Canal Frontage with direct Boating Access to the Inter Coastal Waterways and Gulf of Mexico, $250,000 in Improvements with (approx 5 Years) New Seawall and New Treck Deck Dock that has 1 Boat Lift, 2 Jetski Lifts, Fish Cutting Station, Power, Water and Underwater Lighting, Lot is Primarily Cleared and has been Elevated, but includes some Privacy Tree Line and Shrubbery, Beach Access (nearby) to the Gulf of Mexico’s clean Sandy Beaches across Gulf of Mexico Drive, Cannon's Boat Marina located just to the North of the Property, Situated near World-Class Shopping and Dining at St Armand’s Circle on Lido Key, Sarasota and Anna Maria Island. Imagine Building your Luxurious Coastal Living Dream Home with Gated Access, Tropical Landscaping and a Long Meandering Driveway that can accommodate all your Watercraft and Toys. There is plenty of Room for a Pool and Spa and Tennis Court. This Property is Amazing! Buyer to Verify any LBK Utility Underground Projects or Conduct Building Feasibility Studies to their Satisfaction.

Location

Details

Type:
Land
Parking:
No Data
Year Built:
No Data
Lot:
0.72 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,597,000
$594K – $5.2M
Confidence Low
List vs. estimate
$647K below estimate
List $950,000 · -40.5%
Our model says this listing is priced below recent comparable activity. Expect competition.
Based on
8 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$7,548
2020
Waterfront
Canal - Saltwater, Intracoastal Waterway
All facts and features
  • Lot

    • Lot: 0.72 Acres

    Other Property Information

    • Parcel Number: 7897600008

    • Zoning: R3SF

  • Type and style

    • Property Type: Land

  • Utility

    • Electricity Available

    • Phone Available

    • Public

    • Sewer Available

    • Water Available

  • Other financial information

    • Annual tax amount: $7,549

  • Source details

    • MLS ID: J924599

    Other facts

    • Lot Features: Level / Near Marina / Oversized Lot / Room For Pool / Sidewalk

    • Waterfront: Yes

    • Water Body Name: INTRACOASTAL WATERWAY/CANAL

    • Water Source: Public

    • Lot Size Dimensions: 100 x 315

Private inquiry
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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: STELLAR NON-MEMBER OFFICE