Property photo 1
10 Beds
22 Baths
8,529 sqft

$14,000,000

5581 GULF OF MEXICO DR, LONGBOAT KEY FL, 34228

Price per sqft$1,641.46
Built in1952
Property size8,529 sqft
Property typeResidential
Courtesy of DEVELOPERS REALTY LBK, INC, Reid Murphy  Listing Contact: 941-799-9096

Overview

Sold

Listed Apr 30, 2026

Updated Jun 1

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

MLS® ID
A4690802

Interior Features

Bedrooms
10
Bathrooms
22
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
2.02 Acres

Other Property Details

Taxes
$79,280
Tax Frequency
Annually
Association Fee Frequency
Monthly
Furnished
Yes
Pool
Yes
Waterfront
Yes
55+/Senior Community
No

Listings courtesy of Stellar MLS as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Alexis Smith-Frady shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS. 

Based on information submitted to the MLS GRID as of 11:24 PM UTC on 9/14/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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