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5125 Gulf Of Mexico Drive 7
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PRICED AT ONLY: $975,000

Address: 5125 Gulf Of Mexico Drive 7, LONGBOAT KEY, FL 34228

Description

Nestled in the heart of Longboat Key, this exceptional two bedroom, two bathroom beachfront condo offers a rare blend of luxury, comfort, and high rental potential. Situated within the meticulously maintained Seagrape Inn, this turnkey furnished unit is an investors dream, boasting a potential gross annual revenue of $108,000 and a net operating income of $66,000. The Seagrape Inn's lush landscaping and upscale tropical ambiance create an idyllic setting along the stunning Gulf of Mexico, perfect for both personal enjoyment and income generation. Amenities at Seagrape Inn include a private entrance to each condo, a private heated pool, a private beach area with lounge chairs and umbrellas, on site laundry and ice machine, upgraded Wi Fi throughout the resort, cable TV, a gazebo with a gas BBQ grill, and beach towels and linens. Unit 7, perched on the second floor, provides breathtaking views of the ocean and the inviting pool below. Upon entry, the condo exudes sophistication, with a thoughtfully designed living space that seamlessly connects the living room, dining area, and upgraded kitchen. The kitchen, recently renovated to perfection, features new cabinets, countertops, recessed lighting, plumbing fixtures, and state of the art appliances. The entire unit has been enhanced with new waterproof LVP flooring, fresh interior paint, and modern light fixtures, ensuring a contemporary and elegant aesthetic throughout. Both bedrooms are tastefully furnished, offering serene retreats after a day at the beach. The bathrooms have been completely remodeled, showcasing new vanities, tile work, shower doors, and plumbing fixtures. Step onto the screened balcony to savor unparalleled views of the ocean, pool, and lush greenerya perfect spot to relax and soak in the tranquil surroundings. Beyond the condo's exquisite interior, significant exterior improvements have been made, including the installation of hurricane windows and doors, new deck waterproofing, and exterior painting. The convenience of a designated parking spot adds to the propertys appeal. Located in a prime area of Longboat Key, this condo provides easy access to the beach, Gulf, and nearby restaurants and shops. Whether you're seeking a lucrative investment or a luxurious personal retreat, this beachfront condo offers an extraordinary opportunity to experience the best of coastal living in an unparalleled location.

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  • MLS#: N6136477 ( Residential )
  • Street Address: 5125 Gulf Of Mexico Drive 7
  • Viewed: 95
  • Price: $975,000
  • Price sqft: $952
  • Waterfront: Yes
  • Wateraccess: Yes
  • Waterfront Type: Gulf/Ocean
  • Year Built: 1983
  • Bldg sqft: 1024
  • Bedrooms: 2
  • Total Baths: 2
  • Full Baths: 2
  • Days On Market: 209

Description

Nestled in the heart of Longboat Key, this exceptional two bedroom, two bathroom beachfront condo offers a rare blend of luxury, comfort, and high rental potential. Situated within the meticulously maintained Seagrape Inn, this turnkey furnished unit is an investors dream, boasting a potential gross annual revenue of $108,000 and a net operating income of $66,000. The Seagrape Inn's lush landscaping and upscale tropical ambiance create an idyllic setting along the stunning Gulf of Mexico, perfect for both personal enjoyment and income generation. Amenities at Seagrape Inn include a private entrance to each condo, a private heated pool, a private beach area with lounge chairs and umbrellas, on site laundry and ice machine, upgraded Wi Fi throughout the resort, cable TV, a gazebo with a gas BBQ grill, and beach towels and linens. Unit 7, perched on the second floor, provides breathtaking views of the ocean and the inviting pool below. Upon entry, the condo exudes sophistication, with a thoughtfully designed living space that seamlessly connects the living room, dining area, and upgraded kitchen. The kitchen, recently renovated to perfection, features new cabinets, countertops, recessed lighting, plumbing fixtures, and state of the art appliances. The entire unit has been enhanced with new waterproof LVP flooring, fresh interior paint, and modern light fixtures, ensuring a contemporary and elegant aesthetic throughout. Both bedrooms are tastefully furnished, offering serene retreats after a day at the beach. The bathrooms have been completely remodeled, showcasing new vanities, tile work, shower doors, and plumbing fixtures. Step onto the screened balcony to savor unparalleled views of the ocean, pool, and lush greenerya perfect spot to relax and soak in the tranquil surroundings. Beyond the condo's exquisite interior, significant exterior improvements have been made, including the installation of hurricane windows and doors, new deck waterproofing, and exterior painting. The convenience of a designated parking spot adds to the propertys appeal. Located in a prime area of Longboat Key, this condo provides easy access to the beach, Gulf, and nearby restaurants and shops. Whether you're seeking a lucrative investment or a luxurious personal retreat, this beachfront condo offers an extraordinary opportunity to experience the best of coastal living in an unparalleled location.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Outdoor Grill
  • Flooring: Tile
  • Living Area: 961.00
  • Roof: Built-Up
Land Information
  • Lot Features: City Limits, Sidewalk, Paved
School Information
  • High School: Bayshore High
  • Middle School: Martha B. King Middle
  • School Elementary: Anna Maria Elementary
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
  • Parking Features: Assigned
Eco-Communities
  • Pool Features: Gunite, Heated, Lighting, Outside Bath Access
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Heating: Electric
  • Pets Allowed: No
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
Amenities
  • Association Amenities: Laundry, Other, Pool
Finance and Tax Information
  • Home Owners Association Fee Includes: Pool, Maintenance Structure, Maintenance Grounds, Management, Sewer, Trash, Water
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Appliances: Convection Oven, Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Range Hood, Refrigerator
  • Association Name: Wanda Hatfield
  • Association Phone: 941-383-2105
  • Country: US
  • Furnished: Turnkey
  • Interior Features: Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Thermostat
  • Legal Description: UNIT 7 SEAGRAPE INN CONDO PI#79973.0040/0
  • Levels: One
  • Area Major: 34228 - Longboat Key
  • Occupant Type: Tenant
  • Parcel Number: 7997300400
  • Style: Other
  • View: Water
  • Views: 95
  • Zoning Code: R3MX
Nearby Subdivisions
Aquarius Club   Aria Longboat Key   Bayport Bch Ten Ph D   Beach Harbor Club   Beachplace Ii   Beachplace Iii   Buttonwood Cove   Club Longboat Beach Tennis   En Provence   Fairway Bay 1   Fairway Bay 2 Ph 1   Fairway Bay 3   Grand Bay 2   Grand Bay 3   Grand Bay 4   Grand Bay 6   Harbor Oaks Ph I Ii   Harbour Oaks Ph I Ii   Harbour Oaks Ph I & Ii   Harbour Villa Club At The Bucc   Infinity On Longboat Key   Inn On The Beach   Inn On The Beach Ph Ii   Inn On The Beach Ph Iii   Islander Club Of Longboat   Islands West   L Ambiance 1   L Ambiance At Longboat Key Clu   Longboat Arms   Longboat Beach House   Longboat Harbour   Longboat Key Casa Del Mar   Longboat Key Towers   Neptune On Longboat Key   Northgate Of Longboat Key   Pelican Harbour   Pelican Harbour Beach Club   Pelican Harbour & Beach Club   Players Club 3   Players Club Ii   Portobello   Privateer North   Privateer South   Promenade   Regent Place Ph 2   Sage Lbk   Sanctuary I   Sanctuary Ii   Sanctuary Iv   Sand Cay   Sands Point   Sarasota Outrigger   Sea Gate Club   Sea Pines   Seagrape Inn   Seaplace   Seaplace I   Seaplace Ii   Seaplace Iii   Seaplace V   Seaplace Vi   Spanish Main Yacht Club Condo   St. Regis Longboat Key   Sunset Beach   Sutton Place   Tangerine Bay Club   The Shore   Tiffany Plaza   Tree House   Veinte   Villa Di Lancia Ph 1   Villa Dos Palmas   Vizcaya At Longboat Key Ph 01   Vizcaya At Longboat Key Phase    Water Club 01 At Longboat Key   Westchester Apts   Whitney Beach   Whitney Beach Iii   Winding Oaks   Windward Bay Amd  
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