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4485 GULF OF MEXICO DRIVE UNIT 402

Condo/Co-op For Sale
$698,765

BTC: 8.31863095

ETH: 263.68490566

New
Waterfront
2 bds
2 ba
1,022 sqft

Overview

Virtually Staged. Auction Property. Auction Property. This Beachfront Condominium will be sold at an Online Auction October 29 ~ November 4. 4485 GULF OF MEXICO DR, #402, LONGBOAT KEY, FL. This is a 2 Bedroom, 2 Bathroom Condominium with stunning views of the brilliant Gulf from every room and immediate beach access on Longboat Key. Arbomar Owners enjoy a heated beachfront pool, fitness center, and a welcoming well-maintained community with private coded access and an elevator. All special assessments will be paid in full by the seller at closing, eliminating future capital expense concerns for the buyer. The residence features a bright, open layout designed to capture stunning water views and coastal breezes. Significant recent improvements provide exceptional value and peace of mind, including a new roof, new balconies and walkways with diamond coating, updated carports, and new doors and impact-rated windows throughout the community. Inside, the home is ready for you to add your own flair. Ideal for full-time living, a seasonal retreat, or an income-producing beach getaway. This condo has a community washer and dryer just outside the front door, but also has a space where one could be installed inside. There are also accordion storm shutters on the balcony for extra security. It comes with one dedicated covered parking spot and extra storage space downstairs. The amenities includes 24 hour security, pavered parking and entrance, elevators, a glistening resort style swimming pool, recreation clubhouse, shuffleboard, and fitness center. Perfectly positioned on Longboat Key, Arbomar is just minutes from St. Armands Circle, Sarasota’s dining and cultural attractions and world-class golf, and just a short trip to the Sarasota International Airport. Experience the luxury of Florida living with panoramic Gulf views and stunning sunsets every day. The condo is approx. 1175 Square Feet and this building has cell phone towers on the roof that generate significant income for the association. With low maintenance fees and a great rental policy. The Milestone study and SIRS are completed and any past fees will be brought up to date at closing. This sale will come with a Warranty Deed ensuring that all taxes and condominium fees are current. This property will only be sold at Auction. ANY price in any listing or advertisement is for reference only, the selling price will be determined at auction. There is NO starting bid, you may bid any amount.

Location

Details

Type:
Residential
Parking:
Common / Covered / Ground Level / Guest / Reserved
Year Built:
1973
Lot:
No Data
Heating:
Central / Electric
Price/sqft:
$684
Cooling:
Central Air
HOA:
$4,000

Valuation

Our model vs. what's actually selling nearby.
Estimate
$129,000
$59K – $598K
Confidence Low
List vs. estimate
$569K above estimate
List $698,765 · +441.7%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$683
+16.8% vs. city median $585
Based on
16 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$4,280
2025
HOA
$4,000/qtr
Cable TV, Common Area Taxes, Community Pool
Waterfront
Beach, Gulf/Ocean
Pets
Allowed
All facts and features
  • Flooring

    • Ceramic Tile

    • Laminate

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Range

    • Refrigerator

    Other interior features

    • Living Room/Dining Room Combo

    • Primary Bedroom Main Floor

    • Thermostat

    • Walk-In Closet(s)

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 2

  • Parking

    • Common

    • Covered

    • Ground Level

    • Guest

    • Reserved

    Property

    • Levels: One

    • Exterior Features: Balcony / Lighting

    Other Property Information

    • Parcel Number: 8016210653

    • Zoning: R3MX

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Utility

    • Electricity Connected

    • Public

    • Sewer Connected

    • Water Connected

  • Other financial information

    • HOA: $4,000

    • HOA Frequency: Quarterly

    • Annual tax amount: $4,280

  • Source details

    • MLS ID: N6146025

    Other facts

    • Construction Materials: Block

    • Foundation Details: Slab

    • Laundry Features: Common Area / Laundry Closet / Other / Outside

    • Direction Faces: East

    • Waterfront: Yes

    • Water Body Name: GULF OF MEXICO

    • Living Area: 1022

    • Water Source: Public

    • Subdivision Name: ARBOMAR APTS

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: NEAL VAN DE REE & ASSOCIATES