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4500 GULF OF MEXICO DRIVE UNIT 203

Condo/Co-op Recently Sold
$400,000

BTC: 5.17464424

ETH: 163.33197223

Sold on: 2026-08-02
New
Waterfront
2 bds
2 ba
1,325 sqft

Overview

Calling All Remodelers, Investors & Visionaries! Outstanding Value and a unique opportunity to reimagine a stunning coastal residence exactly as you envision it. Opportunity awaits in this Windward Bay 2-bedroom, 2-bath residence offering 1,325 square feet in one of Longboat Key's most desirable coastal communities. The kitchen and bathrooms are preserved in their original 1975 condition, an exciting opportunity to transform a time capsule into a showplace. Properties offering this level of renovation potential on Longboat Key are increasingly difficult to find. Roll up your sleeves and reap the rewards. A rare chance to create a completely personalized island retreat, a true blank canvas for a buyer with imagination and ambition. The floor plan offers excellent potential for a stunning modern transformation. With strong bones, generous living spaces, and an exceptional island location, this property is ready for its next chapter. For buyers who see potential where others see projects, this is your chance to renovate, redesign, and customize every finish to your exact vision. Located in pet-friendly Windward Bay, where two pets are welcome, this community offers the best of Longboat Key Coastal Dream Living. Community Highlights: Enjoy three beach access points (including one private), 26 acres of lush tropical surroundings including ½ mile of nature trails, two heated pools for year-round enjoyment, fitness center and sauna, clubhouse for social gatherings, tennis and pickleball courts, boat docks (waitlist) and kayak launches for water enthusiasts, covered parking and storage. With convenient access to Downtown Sarasota, St. Armands Circle, championship golf courses, renowned restaurants, shopping destinations, and vibrant cultural attractions, you'll never have a shortage of entertainment options. Whether you're an investor seeking your next renovation project or a buyer eager to create a dream island getaway from the ground up, this condominium offers exceptional value, unlimited design potential, and the chance to secure a coveted Longboat Key lifestyle at an attractive price point, exceptional value and long-term upside. Bring your imagination and discover what this hidden gem can become.

Location

Details

Type:
Residential
Parking:
Assigned / Covered / Ground Level / Guest
Year Built:
1975
Lot:
26.67 Acres
Heating:
Electric
Price/sqft:
$317
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$675,000
$411K – $849K
Confidence Low
List vs. estimate
$255K below estimate
List $420,000 · -37.8%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$316
-48.4% vs. city median $614
Based on
23 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$7,518
2025
Pool
Child Safety Fence
View
Water
Waterfront
Bay/Harbor, Intracoastal Waterway
Garage
1 car garage
Furnished
Furnished
Pets
Allowed
All facts and features
  • Flooring

    • Carpet

    • Linoleum

    Heating

    • Electric

    Cooling

    • Central Air

    Appliances

    • Built-In Oven

    • Cooktop

    • Dishwasher

    • Disposal

    • Electric Water Heater

    • Microwave

    • Refrigerator

    Other interior features

    • Ceiling Fan(s)

    • Living Room/Dining Room Combo

    • Thermostat

    • Walk-In Closet(s)

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 2

  • Parking

    • Assigned

    • Covered

    • Ground Level

    • Guest

    Property

    • Levels: One

    • Exterior Features: Irrigation System / Lighting / Outdoor Grill / Outdoor Shower / Sauna / Sprinkler Metered / Storage / Tennis Court(s)

    Lot

    • Lot: 26.67 Acres

    Other Property Information

    • Parcel Number: 8007915658

    • Zoning: R4MX

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Utility

    • BB/HS Internet Available

    • Cable Connected

    • Electricity Connected

    • Sewer Connected

    • Underground Utilities

    • Water Connected

  • Other financial information

    • HOA Frequency: Monthly

    • Annual tax amount: $7,518

  • Source details

    • MLS ID: A4701849

    Other facts

    • Construction Materials: Metal Frame / Stucco

    • Foundation Details: Slab / Stilt/On Piling

    • Laundry Features: Common Area

    • Lot Features: Near Golf Course / Near Marina / Near Public Transit

    • Pool Features: Child Safety Fence / Heated / In Ground / Outside Bath Access

    • Direction Faces: West

    • Other Structures: Storage

    • Architectural Style: Florida

    • Waterfront: Yes

    • Water Body Name: SARASOTA BAY, ICW

    • Garage Spaces: 1

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 1325

    • Water Source: Public

    • Subdivision Name: WINDWARD BAY AMD

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