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1055 GULF OF MEXICO DRIVE UNIT 504

Condo/Co-op For Sale
$1,299,000

BTC: 21.15635179

ETH: 743.98625430

270 days
Waterfront
2 bds
2 ba
1,503 sqft

Overview

This direct Gulf-front residence at Beachplace offers an extraordinary opportunity to enjoy the very best of Longboat Key’s beachfront lifestyle. Perfectly positioned to capture unobstructed views of the Gulf of Mexico, this furnished two-bedroom home combines a serene coastal retreat with strong rental potential—producing an average of $70,000 annually in gross rentals. Whether you envision it as your move-in-ready getaway, a property to personalize, or an income-producing property, the possibilities here are unmatched. From the moment you step inside, natural light fills the open floor plan. The welcoming foyer flows into a spacious living and dining area, framed by newer impact-rated walls of glass that extend to the private terrace. This expansive beachfront balcony is a highlight of the home, offering front-row seats to breathtaking sunsets, the sound of gentle waves, and refreshing Gulf breezes. The split-bedroom layout is designed for comfort and privacy. The primary suite enjoys direct terrace access, a large closet, and an en-suite bath with dual vanities. The guest bedroom is equally inviting and privately situated, ideal for hosting family or visitors. Additional features include tile flooring throughout, a well-appointed granite kitchen, and deeded parking—adding everyday ease for seasonal or year-round living. Life at Beachplace feels like a private resort. This sought-after community offers residents 24-hour staffed security, on-site management, a clubhouse perfect for a lively escape, along with Har-Tru tennis courts, a modern fitness center, and heated swimming pool with spa. Pristine beachfront access and lushly landscaped grounds create the ultimate Florida lifestyle. Located on the southern end of Longboat Key, Beachplace provides unmatched convenience. You’re just minutes from the Longboat Key Club’s golf and tennis facilities, the boutique shops and dining of St. Armands Circle, and the vibrant cultural venues of downtown Sarasota—including theaters, galleries, and waterfront parks. From beachside relaxation to world-class dining and entertainment, everything that defines Sarasota living is within easy reach.

Location

Details

Type:
Residential
Parking:
Deeded / Guest
Year Built:
1981
Lot:
7.98 Acres
Heating:
Central / Electric
Price/sqft:
$864
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$950,000
$458K – $1.5M
Confidence Low
List vs. estimate
$349K above estimate
List $1,299,000 · +36.7%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$864
+31.7% vs. city median $656
Based on
17 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$14,051
2024
Pool
Deck
View
Water
Waterfront
Gulf/Ocean Front, Beach
Furnished
Furnished
Pets
Not allowed
All facts and features
  • Flooring

    • Tile

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Disposal

    • Dryer

    • Electric Water Heater

    • Microwave

    • Range

    • Refrigerator

    • Washer

    Other interior features

    • Eating Space In Kitchen

    • Living Room/Dining Room Combo

    • Open Floorplan

    • Solid Surface Counters

    • Solid Wood Cabinets

    • Split Bedroom

    • Stone Counters

    • Window Treatments

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 2

  • Parking

    • Deeded

    • 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: 0010033028

    • Zoning: R6MX

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Utility

    • Cable Connected

    • Electricity Connected

    • Phone Available

    • Sewer Connected

    • Underground Utilities

    • Water Connected

  • Other financial information

    • HOA Frequency: Quarterly

    • Annual tax amount: $14,051

  • Source details

    • MLS ID: A4663883

    Other facts

    • Construction Materials: Concrete

    • Foundation Details: Pillar/Post/Pier

    • Laundry Features: Electric Dryer Hookup / Inside / Laundry Closet

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

    • Patio And Porch Features: Rear Porch

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

    • Window Features: Blinds / Storm Window(s)

    • Direction Faces: East

    • Other Structures: Tennis Court(s)

    • Architectural Style: Custom / Elevated

    • Waterfront: Yes

    • Water Body Name: GULF OF MEXICO

    • Living Area: 1503

    • Water Source: Public

    • Subdivision Name: BEACHPLACE III

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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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