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2850 GULF OF MEXICO DRIVE UNIT 5

Condo/Co-op For Sale
$348,000

BTC: 5.35384615

ETH: 193.33333333

-$20K (2026/05/29)
33 days
1 bds
1 ba
657 sqft

Overview

Own your slice of paradise on Longboat Key with this charming 1-bedroom, 1-bath condo located at 2850 Gulf of Mexico Dr Unit 5. Just directly across from public beach access, this 657 sq ft ground-floor unit is 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

Valuation

Our model vs. what's actually selling nearby.
Estimate
$352,400
$266K – $461K
Confidence Low
List vs. estimate
At estimate
List $348,000 · -1.2%
List is in line with recent comparable activity.
Price per sq ft
$529
-16.7% vs. city median $635
Based on
38 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.
View all
This zip
34228
416
median $1.0M
Active
Same city
LONGBOAT KEY
416
median $1.0M
Active
Same type
Condo/Co-op
216
median $949K
Active
Similar price
$243K – $452K
50
median $350K
Active

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