Active

5125 GULF OF MEXICO DR #7

LONGBOAT KEY FL, 34228

$1,250,000


$1,300.73 per sqft

Active

2 Beds

2 Baths

961 sqft

Condos

Built in 1983

Exceptional Investment Opportunity: Turnkey Furnished Condo at Seagrape Inn** Discover an exceptional investment opportunity with this elegant, fully renovated, turnkey furnished condo in the exclusive boutique-style Seagrape Inn, a resort with only eight units. Nestled beachside on the beautiful Gulf of Mexico, the Seagrape Inn offers an idyllic setting for both personal use and rental income. Owners can enjoy unlimited personal usage while benefiting from a lucrative rental program managed by a professional on-site property manager, with no minimum rental restrictions. This condo promises potential annual revenue exceeding $106,000 currently, while still allowing ample personal use. The current owners have a profit and loss statement ready to share. The Seagrape Inn is meticulously maintained, featuring lush landscaping in an upscale tropical setting. Unit 7, located on the second floor, offers exceptional views of the ocean and pool. Relax on your screened lanai, enjoying the warm breeze with your morning coffee, afternoon cocktail, or a good book. Inside, the spacious open floor plan provides plenty of room to unwind, complete with all new, comfortable furniture and a flat-screen TV in the living area. The fully renovated interior boasts first-class materials and finishes throughout the entire space. Improvements made 2023/2024 include new luxury waterproof vinyl floors throughout, new interior paint, new doors and trim, a full kitchen renovation with new cabinets, granite countertops, and appliances. Both bathrooms have been fully renovated with new tiles, vanities, and showers. The primary bedroom features an inviting king-size bed, ample closet space, a flat-screen TV, and a recently remodeled bathroom. The second bedroom includes a queen-size bed, a flat-screen TV, and a recently remodeled bath as well. A new A/C unit was installed in 2021. This condo is sold fully turn-key furnished and, includes dedicated parking an owner's locker, and is conveniently located near restaurants and shops. The complex recently installed hurricane windows and doors. Amenities at Seagrape Inn include: - Private Entrance to Each Condo - Private Heated Pool - Private Beach Area with Lounge Chairs & Umbrellas - On-Site Laundry & Ice Machine - Upgraded Wi-Fi throughout the Resort - Cable TV - Gazebo with Gas BBQ Grill - Beach Towels & Linens Enjoy the extremely private, quiet, and serene atmosphere of this lovely condo, the perfect getaway to relax and enjoy spectacular Gulf sunsets while creating new memories. Don't miss this opportunity!

A4616212

MLS ID

July 5, 2024

Listed

November 10, 2024

Updated

Map

5125 GULF OF MEXICO DR #7
LONGBOAT KEY FL, 34228

Interior Features

Total Stories

2


Bedrooms

2


Total Bathrooms

2


Full Bathrooms

2


Interior Features

Living Room/Dining Room Combo, Open Floorplan, Split Bedroom, Thermostat


Appliances

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


Laundry Description

Other


Floor Description

Ceramic Tile, Luxury Vinyl


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Exterior Features

Balcony, Hurricane Shutters, Irrigation System, Lighting, Outdoor Grill, Sidewalk, Sliding Doors


Lot Features

Coastal Construction Control Line, Flood Zone, City Limits, Near Marina, Sidewalk


Architectual Style

Traditional


Roof

Membrane


Sewer

Public Sewer

School Information

High School

Bayshore High


Elementary School

Anna Maria Elementary

Other Property Details

Area Name

34228 - Longboat Key


Taxes

$7,654


Tax Frequency

Annually


Days on Market

128


Association Fee

$2,356


Association Fee Frequency

Monthly


Association Amenities

Laundry, Maintenance, Storage


Garage

No


View

Yes


View Description

Water


County

Manatee


Municipality

35


Water Source

Public


Pool

Yes


Pool Features

Gunite, Heated, In Ground


Waterfront

Yes


Zoning

LBK_R-3MX

Listed by CENTURY 21 BEGGINS ENTERPRISES
Listing Contact: 941-387-8888 

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Data last updated 11/10/2024, 7:08 PM UTC

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