5125 GULF OF MEXICO DRIVE Unit 7, LONGBOAT KEY, FL 34228

$1,020,000

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 investor’s dream, boasting a potential gross annual revenue of $108,000 and a net… Read More 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 greenery—a 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 property’s 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. Read Less

Courtesy of KELLER WILLIAMS ON THE WATER S 941-803-7522

Listing Snapshot

Days Online

Last Updated

Feb 5, 2025

Property Type

Condominium

Beds

Full Baths

Square Ft.

961

Year Built

1983

MLS Number

N6136477

Additional Details

Building

Building Name Number: 5125, Living Area Meters: 89.28, Room Count: 8, Architectural Style: "Other", Building Area Total: 1024, Building Area Units: Square Feet, Construction Materials: "Block", "Stucco", Direction Faces: South, Levels: "One", Living Area: 961, Stories Total: 2, Year Built: 1983

Community

Complex Community Name NCCB: SEAGRAPE INN, Community Features: "Deed Restrictions", "Pool"

Fees

Condo Fees Term: Monthly, Total Annual Fees: $28,272, Total Monthly Fees: $2,356, Condo Fees: $2,356, Monthly Condo Fee Amount: $2,356

Water Features

Water Access: Beach, Gulf/Ocean to Bay, Water View: Gulf/Ocean - Partial, Gulf Ocean Frontage: 100 Feet, Total Water Frontage: 100 Feet, Water Front Features: "Gulf/Ocean"

Home Owner's Association

Association Email: [email protected], Association Fee Requirement: None, Association Approval Required YN: 1, Association Fee Includes: "Pool", "Maintenance Structure", "Maintenance Grounds", "Management", "Sewer", "Trash", "Water", Association Name: Wanda Hatfield, Association Phone: 941-383-2105

Interior Features

Building Elevator, Furnished: Turnkey, Interior Features: "Living Room/Dining Room Combo", "Open Floorplan", "Primary Downstairs", "Thermostat"

Lot

Total Acreage: Non-Applicable, Features: "City Limits", "Sidewalk", "Paved", 0 square feet, View: "Water"

Miscellaneous

Number Times per Year: 365

Pool

Pool Dimensions: Community, Pool Features: "Gunite", "Heated", "Lighting", "Outside Bath Access"

Property

Property Description: Corner Unit, End Unit, Patio and Porch Features: "Screened", Vegetation: "Mature Landscaping", Zoning: R3MX

Property Access

Road Surface: "Asphalt", Road Responsibility: "Public Maintained Road"

Appliances & Equipment

Appliances: "Convection Oven", "Dishwasher", "Disposal", "Electric Water Heater", "Microwave", "Range", "Range Hood", "Refrigerator"

Cooling

Cooling: "Central Air"

Disclosures

Disclosures: "HOA/PUD/Condo Disclosure", "Seller Property Disclosure"

Exterior Features

Exterior Features: "Outdoor Grill"

Floors

Flooring: "Tile"

Foundation

Foundation Details: "Slab"

Heating

Heating: "Electric"

Laundry

Laundry Features: "Outside"

Parking

Parking Features: "Assigned"

Pets Policy

Pets Allowed: "No"

Roof

Roof: "Built-Up"

Sewer

Sewer: "Public Sewer"

Utilities

Utilities: "Cable Connected", "Electricity Connected", "Public", "Sewer Connected", "Water Connected", Water Source: "Public"

Windows

Window Features: "Blinds"

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