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5005 GULF OF MEXICO DRIVE UNIT 4

House For Sale
$7,495,000

BTC: 121.27831715

ETH: 4,292.66895762

-$755K (2026/05/08)
168 days
4 bds
4 ba
4,630 sqft

Overview

Designed by award-winning architect, John Cooney, and built by Sarasota’s premier coastal homebuilder, Perrone Construction, this mid-Key classic is simply among Longboat Key’s finest homes. Walk in to this fully furnished home which is steps from the beach and with expansive Gulf and Bay views, this masterpiece offers more than 4300 square feet of refined interiors on the main living floors together with multiple large lanais and balconies. A beautiful foyer, large family room, and home gym are featured on the ground floor, along with an oversized three-car garage and storage room. The quality of the home’s design and construction are matched by the charm of the interior finishes and amenities. The living areas incorporate beautiful ceiling elevations, along with custom wide-plank hardwood, Italian porcelain tile, and custom plantation shutters and drapes. The Great Room flows into the chef’s kitchen which features custom cabinetry, quartz countertops, Wolf and SubZero appliances, and a temperature-controlled 275 bottle wine room. Designed for easy entertaining, the Great Room opens onto a large lanai with its gas fireplace and grill, and gorgeous Gulf and sunset views. Adjoining the kitchen is a perfect dining room with its own balcony and Gulf views, as well as a large family office/bonus room with custom cabinetry and bookshelves. The Lutron system controls both the lighting and the custom drapes and shades. The home’s elegant chandeliers and sconces bathe its interior with gracious warmth. The beautiful master suite on the main floor includes a bedroom cathedral ceiling and access to the outdoor lanai. The master bath features custom cabinetry, porcelain tile, a large steam shower, and is plumbed for a master bathtub. Three spacious guest suites, a gathering lounge, and balconies with Gulf views are found on the second living floor. A private elevator connects all levels. Both the home and exterior grounds are designed for year-round, low-maintenance living. An extensive landscape refresh in 2023 included new turf and lighting, an outdoor shower, and a great fire pit area for entertaining. Lush landscaping and a tranquil pool setting provide both screening and privacy. The home features remote controlled screening and storm shutters, extensive use of Azek composite, and other low-maintenance materials, along with a gas generator, whole-house water filtration system, central vacuum, and much more. With miles of pristine beach and bay to explore and with the abundant cultural, dining, and shopping amenities of Sarasota, St. Armand’s Circle, and Anna Maria Island nearby, this timeless home delivers the very best of Longboat Key living.

Location

Details

Type:
Residential
Parking:
No Data
Year Built:
2018
Lot:
0.24 Acres
Heating:
Central
Price/sqft:
$1,619
Cooling:
Central Air
HOA:
$1,715

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,999,000
$836K – $8.1M
Confidence Low
List vs. estimate
$5.5M above estimate
List $7,495,000 · +274.9%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,618
+90.5% vs. city median $849
Based on
7 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$30,970
2024
HOA
$1,715/qtr
Pool
Heated
Garage
3 car garage
Furnished
Furnished
Pets
Allowed
All facts and features
  • Flooring

    • Carpet

    • Ceramic Tile

    • Engineered Hardwood

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Bar Fridge

    • Built-In Oven

    • Convection Oven

    • Cooktop

    • Dishwasher

    • Disposal

    • Dryer

    • Electric Water Heater

    • Ice Maker

    • Microwave

    • Refrigerator

    Other interior features

    • Ceiling Fan(s)

    Bedrooms and bathrooms

    • Bedrooms: 4

    • Bathrooms: 1

    • Full bathrooms: 4

  • Property

    • Levels: Three Or More

    • Pool Private: Yes

    • Exterior Features: Balcony / Garden / Irrigation System / Outdoor Kitchen / Private Entrance

    Lot

    • Lot: 0.24 Acres

    Other Property Information

    • Parcel Number: 8009200259

    • Zoning: R3MX

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Cable Connected

    • Electricity Connected

  • Other financial information

    • HOA: $1,715

    • HOA Frequency: Quarterly

    • Annual tax amount: $30,971

  • Source details

    • MLS ID: A4673495

    Other facts

    • Construction Materials: Block

    • Foundation Details: Slab

    • Fireplace Features: Gas / Living Room

    • Laundry Features: Laundry Room

    • Pool Features: Heated / In Ground

    • Direction Faces: South

    • Fireplace: Yes

    • Water Body Name: GULF OF MEXICO

    • Garage Spaces: 3

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 4630

    • Water Source: Public

    • Subdivision Name: BONAIRE AT LONGBOAT KEY

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: DEVELOPERS REALTY LBK, INC