5581 Gulf Of Mexico Drive, Longboat Key, FL 34228
- $14,000,000
- 10
- BD
- 22
- BA
- 8,529
- SqFt
- Sold Price
- $14,000,000
- List Price
- $15,000,000
- Status
- Sold
- Days on Market
- 0
- Closing Date
- Apr 30, 2026
- MLS#
- A4690802
- Property Style
- Single Family
- Year Built
- 1952
- Bedrooms
- 10
- Bathrooms
- 22
- Baths Half
- 11
- Living Area
- 8,529
- Lot Size
- 88,200
- Acres
- 2.02
- Total Acreage
- 2 to less than 5
- Legal Subdivision Name
- Longboat Key
- Community Name
- Longboat Key
- MLS Area Major
- Longboat Key
Property Description
Sought after slice of beachfront paradise on the exclusive island of Longboat Key. Rarely available 2 acre property with 200 feet of beach frontage on the Gulf of America. Currently it hosts a quaint inn featuring ten suites and one cottage, all had been renovated with timeless old Florida decor. The property is surrounded by tropical blooms , lush foliage, vine covered arbors, swaying palm trees, a private gazebo, and a heated swimming pool. Amazing opportunity for a new development, or alternatively a chance to easily bring the property back to its recent glory. The property has been approved to build two single family homes or a six unit luxury Condominium. This fantastic location is near the growing number of top restaurants and attractions . Walk to Harry's Euphemia Haye, Lazy Lobster, new local favorite Lo' Key or stroll over to the bay at Durante Park. All this is just a short drive to the renowned shopping, dining and cultural attractions of St Armands Circle, as wells Downtown Sarasota and Anna Maria Island. So many possibilities for this location, location , location !
Additional Information
- Taxes
- $79279
- Minimum Lease
- 1-7 Days
- Community Features
- No Deed Restriction
- Property Description
- One Story
- Zoning
- R3MX
- Interior Layout
- Ceiling Fans(s)
- Interior Features
- Ceiling Fans(s)
- Floor
- Ceramic Tile
- Appliances
- Dishwasher, Disposal, Dryer, Electric Water Heater
- Utilities
- Cable Connected, Electricity Connected
- Heating
- Electric
- Air Conditioning
- Central Air
- Exterior Construction
- Frame
- Exterior Features
- Balcony
- Roof
- Metal
- Foundation
- Slab
- Pool
- Private
- Pool Type
- Heated, In Ground
- Water View
- Gulf/Ocean - Full
- Water Access
- Beach, Beach - Access Deeded
- Water Frontage
- Beach Front
- Flood Zone Code
- AE
- Parcel ID
- 7983900059
- Legal Description
- ALL OF LOTS 11 & 12, LYING WLY OF JOHN RINGLING PKWY (100 FT WIDE, NOW KNOWN AS GULF OF MEXICO DR) OF A SUB ON LONGBOAT KEY, INSERT "TOGETHER WITH GRANTOR'S RIGHT, TITLE & INTEREST IN & TO LAND LYING BETWEEN THE WLY BDRY OF THE ABOVE DESC PROPERTY & THE MEAN HIGH WATER LN OF WATERS OF THE GULF OF MEXICO." (2152/4722) PI#79839.0005/9
Listing courtesy of DEVELOPERS REALTY LBK, INC. 941-799-9096
Selling Office: OWN SRQ LLC.Mortgage Calculator
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