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1055 GULF OF MEXICO DRIVE UNIT 402

Condo/Co-op Recently Sold
$950,000

BTC: 14.84375000

ETH: 544.10080183

Sold on: 2025-12-10
New
Waterfront
2 bds
2 ba
1,392 sqft

Overview

This direct Gulf-front residence at Beachplace presents a rare opportunity to create your dream retreat in one of Longboat Key’s most desirable communities. Positioned to capture unobstructed views of the Gulf of Mexico, this two-bedroom getaway offers the ideal canvas for personal renovation, combining a beachfront lifestyle with outstanding rental potential. Step into a light-filled floorplan where the welcoming foyer flows into a spacious living and dining area, framed by new, impact walls of glass that draw in sweeping coastal vistas. The highlight of the home is the expansive beachfront terrace—perfect for savoring evening sunsets and refreshing Gulf breezes.The smartly designed split-bedroom layout provides ideal separation for hosting guests, with the primary suite offering direct access to the terrace, a spacious closet, and an en-suite bath. Whether reimagining this residence for personal use or income generation, the fundamental elements are already in place: a premier beachfront location, brand-new windows and doors, plus a generous square footage, with a layout that maximizes privacy and views. Additional conveniences include a rare combination of one coveted covered parking space and an additional outdoor spot, offering ease for seasonal residents or visitors. Beachplace is a sought-after Gulf-front community known for its pristine beachfront access and resort-style amenities. Residents enjoy a 24-hour staffed guard gate, on-site management, a newly refreshed clubhouse, tennis courts, a well-equipped fitness center, heated swimming pool, and spa—everything needed for the quintessential Florida lifestyle. Perfectly located on the southern end of Longboat Key, this residence is just moments from the Longboat Key Club’s golf and tennis facilities. Enjoy a quick drive to the convenience of Avenue of the Flowers shopping plaza or indulge in the world-class dining and boutique shopping of St. Armands Circle. For cultural outings, downtown Sarasota offers renowned theaters, galleries, and waterfront parks just minutes away.

Location

Details

Type:
Residential
Parking:
Deeded / Ground Level / Guest
Year Built:
1981
Lot:
7.98 Acres
Heating:
Central / Electric
Price/sqft:
$682
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,194,500
$797K – $1.6M
Confidence Low
List vs. estimate
$244K below estimate
List $950,000 · -20.5%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$682
+7.8% vs. city median $632
Based on
6 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$14,881
2024
Pool
Deck
View
Water
Waterfront
Waterfront, Beach
Garage
1 car garage
Pets
Not allowed
All facts and features
  • Flooring

    • Carpet

    • Tile

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Disposal

    • Range

    Other interior features

    • Living Room/Dining Room Combo

    • Open Floorplan

    • Split Bedroom

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 2

  • Parking

    • Deeded

    • Ground Level

    • Guest

    Property

    • Levels: One

    • Exterior Features: Balcony / Irrigation System / Lighting / Sidewalk / Sliding Doors / Tennis Court(s)

    Lot

    • Lot: 7.98 Acres

    Other Property Information

    • Parcel Number: 0010033020

    • Zoning: R6MX

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Utility

    • Cable Available

    • Electricity Connected

    • Phone Available

    • Public

    • Sewer Connected

    • Underground Utilities

    • Water Connected

  • Other financial information

    • Annual tax amount: $14,881

  • Source details

    • MLS ID: A4674597

    Other facts

    • Construction Materials: Concrete

    • Foundation Details: Pillar/Post/Pier

    • Laundry Features: Inside / Laundry Closet

    • Lot Features: FloodZone / In County / Landscaped / Near Golf Course / Near Marina / Oversized Lot / Private / Sidewalk

    • Patio And Porch Features: Covered / Rear Porch

    • Pool Features: Deck / Gunite / Heated / In Ground / Lighting / Outside Bath Access

    • Window Features: Storm Window(s)

    • Direction Faces: East

    • Other Structures: Tennis Court(s)

    • Architectural Style: Custom / Elevated

    • Waterfront: Yes

    • Water Body Name: GULF OF MEXICO

    • Garage Spaces: 1

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 1392

    • Water Source: Public

    • Subdivision Name: BEACHPLACE III

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: COLDWELL BANKER REALTY