2850 GULF OF MEXICO DRIVE UNIT 5

Condo/Co-op For Sale

$348,000

BTC: 5.76158940

ETH: 218.22423167

-$20K (2026/05/29)

64 days

For Sale

Condo/Co-op

1 bds •

1 ba •

657 sqft

Overview

A renovated condo directly across from public beach access under $350,000. on Longboat Key? This is the one you've been looking for! Perfectly positioned for both personal enjoyment and strong rental income potential. Whether you're seeking a low-maintenance vacation escape or an income-generating property, this location checks all the boxes. Walk across the street to watch sunset on the sand, then stroll to Publix, Bayfront Park's tennis & pickleball courts, the library, or one of the island’s cozy dining spots. Everything your guests—or you—could want is right at your doorstep. The unit features a bright, open living space with tile flooring, a spacious bedroom, walk-in closet and parking. The well-maintained community offers low HOA fees and a relaxing island vibe that keeps guests coming back. Don’t miss out on this rare opportunity to own on Longboat Key—whether you're investing in your future or your lifestyle.

Location

Florida • LONGBOAT KEY • 34228 • Condo/Co-op • For Sale

Details

Type:

Residential

Parking:

Common

Year Built:

1967

Lot:

No Data

Heating:

Electric

Price/sqft:

$530

Cooling:

Central Air

HOA:

No Data

Type:

Residential

Parking:

Common

Year Built:

1967

Lot:

No Data

Heating:

Electric

Price/sqft:

$530

Cooling:

Central Air

HOA:

No Data

Private inquiry

Talk to the advisor on this listing.

Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

Valuation

Our model vs. what's actually selling nearby.

Estimate

$320,000

$279K – $408K

Confidence Low

List vs. estimate

$28K above estimate

List $348,000 · +8.8%

Our model says this listing is priced above recent comparable activity. Room to negotiate.

Price per sq ft

$529

-1.8% vs. city median $539

Based on

5 MLS comparables

Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax

$4,600

2025

Furnished

Turnkey

Pets

Allowed

All facts and features

Flooring

• Tile

Heating

• Electric

Cooling

• Central Air

Appliances

• Built-In Oven

• Cooktop

• Dishwasher

• Electric Water Heater

• Freezer

• Ice Maker

• Microwave

• Refrigerator

• Washer

Other interior features

• Crown Molding

• Open Floorplan

• Primary Bedroom Main Floor

• Walk-In Closet(s)

• Window Treatments

Bedrooms and bathrooms

• Bedrooms: 1

• Full bathrooms: 1
Parking

• Common

Property

• Levels: One

• Exterior Features: Other

Other Property Information

• Parcel Number: 0005164005

• Zoning: R2SF
Type and style

• Property Type: Residential

• Property Sub Type: Condominium
Utility

• Electricity Available

• Electricity Connected

• Public

• Street Lights

• Water Available

• Water Connected
Other financial information

• Annual tax amount: $4,601
Source details

• MLS ID: A4691701

Other facts

• Construction Materials: Block

• Foundation Details: Slab

• Laundry Features: Common Area / Inside

• Lot Features: FloodZone / City Lot / In County / Near Golf Course / Near Marina / Near Public Transit

• Patio And Porch Features: Porch / Screened

• Window Features: Insulated Windows / Shutters

• Direction Faces: East

• Architectural Style: Florida

• Living Area: 657

• Water Source: Public

• Lot Size Dimensions: 0

• Subdivision Name: NEPTUNE ON LONGBOAT KEY

Private inquiry

Talk to the advisor on this listing.

Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.

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: MICHAEL SAUNDERS & COMPANY

2850 GULF OF MEXICO DRIVE UNIT 5

Overview

Location

Details

Valuation

Highlights

Interior details

Property details

Construction details

Utilities / Green Energy Details

HOA and Financial Details

Other

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