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5311 GULF OF MEXICO DRIVE UNIT 3

For Sale
$1,350,000

BTC: 22.16814654

ETH: 394.08349316

95 days
Waterfront
2 bds
2 ba
1,028 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

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!

Location

Facts and features

Type:
Residential
Parking:
Off Street
Year Built:
1973
Lot:
1.01 Acres
Heating:
Central
Price/sqft:
$1,313
Cooling:
Central Air
HOA:
$1,302
All facts and features
  • Flooring

    • Tile

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Convection Oven

    • Dishwasher

    • Microwave

    • Refrigerator

    Other interior features

    • Ceiling Fan(s)

    • Eating Space In Kitchen

    • Kitchen/Family Room Combo

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 2

  • Parking

    • Off Street

    Property

    • Levels: One

    • Exterior Features: Outdoor Grill / Sidewalk / Tennis Court(s)

    Lot

    • Lot: 1.01 Acres

    Other Property Information

    • Parcel Number: 7993710259

    • Zoning: R4MX

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condo - Hotel

  • Utility

    • BB/HS Internet Available

    • Cable Connected

    • Phone Available

    • Sewer Connected

    • Underground Utilities

    • Water Connected

  • Other financial information

    • HOA: $1,302

    • HOA Frequency: Monthly

    • Annual tax amount: $12,052

  • Source details

    • MLS ID: A4604824

    Other facts

    • Construction Materials: Stucco

    • Foundation Details: Slab

    • Laundry Features: Common Area

    • Lot Features: Landscaped / Sidewalk

    • Patio And Porch Features: Covered / Enclosed / Screened

    • Pool Features: Deck / Gunite / In Ground / Lighting

    • Direction Faces: East

    • Other Structures: Tennis Court(s)

    • Architectural Style: Florida

    • Waterfront: Yes

    • Water Body Name: Gulf Of Mexico, Sarasota Bay

    • Living Area: 1028

    • Water Source: Public

    • Subdivision Name: MCCALLS BEACH CASTLE

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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 ©2024-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: PREFERRED SHORE