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
Condo
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
September 5, 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
61
Association Fee
$7,069
Association Fee Frequency
Quarterly
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
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of Stellar MLS. Information provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Alexis Smith-Frady participates in the Stellar MLS Internet Data Exchange (IDX) program, allowing display of other Stellar MLS broker's listings on this site. However, may not include all listings currently available. Information is deemed reliable but not guaranteed. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.
©2024 Stellar MLS. All rights reserved.
Data last updated 9/5/2024, 1:09 PM UTC