About 5311 Gulf Of Mexico Drive 3
Welcome to your own piece of paradise right on the shores of Longboat Key! This is a rare opportunity for an owner/investor to enjoy all that Longboat Key has to offer while maximizing rental profits with daily rentals! Take in the bright blue waters through the sliding glass doors as soon as you step in to the two-bedroom two-bathroom 1,028 square foot space. This turnkey, furnished unit is clean and well maintained with tile floors throughout. The kitchen offers an open space with updated appliances and sparkling granite countertops. The primary suite offers an en-suite bathroom and opens up to the screened in lanai with water views of the gulf. The second bedroom also offers an en-suite bathroom with two queen beds and extra space for guests. Beach Castle Resort offers a bay to gulf property, with a heated swimming pool and spa on the bay side, including a community dock and kayak launch. The gulf side of the complex offers a BBQ grille, separate laundry room, and provides beach chairs and umbrellas for use on the sandy beach. Beach Castle's rental policy accommodates minimum 1 to 7 day tenancies, with in-house property management provided by RVA. Seller reports revenue of $142,000 in 2023. Owners and tenants alike are able to use Cedar's amenities and overflow parking just up the road which includes a junior Olympic pool, ten lighted tennis courts, 24/7 fitness center and bicycles. Beach Castle Resort is pet friendly for an owner's small dog. Right in the middle of LBK, in close proximity to restaurants, St. Armand's circle and downtown Sarasota. Part time or full time, this opportunity provides flexibility to enjoy the beach life!
Features of 5311 Gulf Of Mexico Drive 3
| MLS® # | A4604824 |
|---|---|
| Price | $1,350,000 |
| Bedrooms | 2 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,028 |
| Acres | 1.01 |
| Year Built | 1973 |
| Type | Residential |
| Sub-Type | Condo - Hotel |
| Style | Florida |
| Status | Active |
| HOA Fees | $1,302 |
| HOA Fees Freq. | Monthly |
| Has CDD | N |
| Property Taxes | $12,052 |
Pets Information
| # Of Pets | 2 |
|---|---|
| Pets Allowed | Dogs OK, Number Limit, Size Limit |
| Pet Size | Small (16-35 Lbs.) |
Rentals Section
| Mininum Lease | 1-7 Days |
|---|
Community Information
| Address | 5311 Gulf Of Mexico Drive 3 |
|---|---|
| Area | Longboat Key |
| Subdivision | MCCALLS BEACH CASTLE |
| City | LONGBOAT KEY |
| County | Manatee |
| State | FL |
| Zip Code | 34228 |
Amenities
| Parking | Off Street |
|---|---|
| View | Water |
| Is Waterfront | Yes |
| Waterfront | Gulf/Ocean to Bay |
| Has Pool | No |
Interior
| Interior Features | Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo |
|---|---|
| Appliances | Convection Oven, Dishwasher, Microwave, Refrigerator |
| Heating | Central |
| Cooling | Central Air |
| Fireplace | No |
| # of Stories | 1 |
Exterior
| Exterior Features | Outdoor Grill, Sidewalk, Tennis Court(s) |
|---|---|
| Lot Description | Landscaped, Sidewalk |
| Roof | Concrete |
| Foundation | Slab |
School Information
| Elementary | Anna Maria Elementary |
|---|---|
| Middle | Martha B. King Middle |
| High | Bayshore High |
Additional Information
| Date Listed | March 26th, 2024 |
|---|---|
| Days on Market | 32 |
| Zoning | R4MX |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | MCKAY MANAGEMENT & REALTY |
|---|