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For sale
    • Price cut: $24K (7/16)
    $324,000

    2850 GULF OF MEXICO DRIVE #5, LONGBOAT KEY, FL 34228

    1beds
    657sqft
    : 
    $2,605/mo
    Get pre-qualified
    Condominium
    Built in 1967
    -- sqft lot
    $-- Zestimate®
    $493/sqft
    $500/mo HOA

    What's special

    Renovated condoSpacious bedroomBright open living spaceTile flooringWalk-in closet
    A renovated condo directly across from public beach access under $350,000. on Longboat Key? This is the one you've been looking for! Perfectly positioned for both personal enjoyment and strong rental income potential. Whether you're seeking a low-maintenance vacation escape or an income-generating property, this location checks all the boxes. Walk across the street to watch sunset on the sand, then stroll to Publix, Bayfront Park's tennis & pickleball courts, the library, or one of the island’s cozy dining spots. Everything your guests—or you—could want is right at your doorstep. The unit features a bright, open living space with tile flooring, a spacious bedroom, walk-in closet and parking. The well-maintained community offers low HOA fees and a relaxing island vibe that keeps guests coming back. Don’t miss out on this rare opportunity to own on Longboat Key—whether you're investing in your future or your lifestyle.
    93 days
    |
    608
    |
    30
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    JoDene Moneuse, PA 941-302-4913,

    MICHAEL SAUNDERS & COMPANY 941-383-7591

    Source: Stellar MLS,MLS#: A4691701MLS LogoOriginating MLS: Sarasota - Manatee

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 1
      • Bathrooms: 1
      • Full bathrooms: 1
      Rooms
      • Room types: Storage Rooms
      Primary bedroom
      • Features: Walk-In Closet(s)
      • Level: First
      Great room
      • Level: First
      Kitchen
      • Level: First
      Heating
      • Electric
      Cooling
      • Central Air
      Appliances
      • Included: Oven, Cooktop, Dishwasher, Electric Water Heater, Freezer, Ice Maker, Microwave, Refrigerator, Washer
      • Laundry: Common Area, Inside
      Features
      • Crown Molding, Open Floorplan, Primary Bedroom Main Floor, Walk-In Closet(s)
      • Flooring: Tile
      • Windows: Window Treatments
      • Has fireplace: No
      Interior area
      • Total structure area: 700
      • Total interior livable area: 657 sqft

      Property

      Parking
      • Parking features: Common
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Porch, Screened
      • Exterior features: Other
      • Waterfront features: Beach Access
      Lot
      • Features: FloodZone, City Lot, In County, Near Golf Course, Near Marina, Near Public Transit
      Details
      • Parcel number: 0005164005
      • Zoning: R2SF
      • Special conditions: None

      Construction

      Type & style
      • Home type: Condo
      • Architectural style: Florida
      • Property subtype: Condominium
      Materials
      • Block
      • Foundation: Slab
      • Roof: Built-Up
      Condition
      • Completed
      • New construction: No
      • Year built: 1967

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Available, Electricity Connected, Public, Street Lights, Water Available, Water Connected

      Community & HOA

      Community
      • Features: None
      • Security: Smoke Detector(s), Touchless Entry
      • Pet fee: $0 monthly
      • Subdivision: NEPTUNE ON LONGBOAT KEY
      HOA
      • Has HOA: No
      • Services included: Common Area Taxes, Electricity, Reserve Fund, Insurance, Maintenance Structure, Maintenance Grounds, Maintenance Repairs, Manager, Pest Control, Trash, Water
      • HOA fee: $500 monthly
      • HOA name: Rachael Brown
      • HOA phone: 863-608-0814
      Location
      • Region: Longboat Key

      Financial & listing details

      • Price per square foot: $493/sqft
      • Tax assessed value: $350,700
      • Annual tax amount: $4,600
      • Date on market: 4/29/2026
      • Cumulative days on market: 94 days
      • Listing terms: Cash,Conventional
      • Ownership: Fee Simple
      • Total actual rent: 0
      • Electric utility on property: Yes
      • Road surface type: Asphalt

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/16/2026Price change$324,000-6.9%$493/sqft
        Source: Stellar MLS #A4691701 Report a problem
        5/29/2026Price change$348,000-5.6%$530/sqft
        Source: Stellar MLS #A4691701 Report a problem
        4/29/2026Listed for sale$368,500-7.4%$561/sqft
        Source: Stellar MLS #A4691701 Report a problem
        2/3/2026Listing removed$398,000$606/sqft
        Source: Stellar MLS #A4660349 Report a problem
        9/4/2025Price change$398,000-3.9%$606/sqft
        Source: Stellar MLS #A4660349 Report a problem
        8/15/2025Price change$414,000-2.4%$630/sqft
        Source: Stellar MLS #A4660349 Report a problem
        7/31/2025Listed for sale$424,000+76.7%$645/sqft
        Source: Stellar MLS #A4660349 Report a problem
        6/9/2018Sold$240,000-4%$365/sqft
        Source: Public Record Report a problem
        4/28/2018Pending sale$250,000$381/sqft
        Source: Coldwell Banker Residential Real Estate - Lakewood Ranch #A4207591 Report a problem
        3/8/2018Price change$250,000-5.7%$381/sqft
        Source: Coldwell Banker Residential Real Estate - Lakewood Ranch #A4207591 Report a problem
        1/25/2018Price change$265,000-3.6%$403/sqft
        Source: Coldwell Banker Residential Real Estate - Lakewood Ranch #A4207591 Report a problem
        1/20/2018Listed for sale$275,000+120%$419/sqft
        Source: Coldwell Banker Residential Real Estate - Lakewood Ranch #A4207591 Report a problem
        12/14/2009Sold$125,000-24.2%$190/sqft
        Source: Public Record Report a problem
        5/1/2009Listing removed$165,000$251/sqft
        Source: Listhub #A389012 Report a problem
        4/25/2009Listed for sale$165,000$251/sqft
        Source: Listhub #A389012 Report a problem
        3/11/2009Listing removed$165,000-16.5%$251/sqft
        Source: Prudential Real Estate #A389012 Report a problem
        12/16/2008Price change$197,500-1.2%$301/sqft
        Source: Prudential Real Estate #A389012 Report a problem
        11/23/2008Price change$199,900-28.5%$304/sqft
        Source: Prudential Real Estate #A389012 Report a problem
        8/4/2008Listed for sale$279,500+0.6%$425/sqft
        Source: Prudential Real Estate #A389012 Report a problem
        5/25/2005Sold$277,900$423/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$4,601 +5.5%$328,877 +10%
        2024$4,361 -1.1%$298,979 +10%
        2023$4,408 +7.8%$271,799 +10%
        2022$4,088 +29.4%$247,090 +17.2%
        2021$3,160 +7.7%$210,900 +10.8%
        2020$2,934 -6.6%$190,400 -7.9%
        2019$3,140 $206,800 +34.5%
        2018$3,140 +25.3%$153,733 +10%
        2017$2,507 +31.6%$139,757 -3%
        2016$1,905 $144,100 +3.4%
        2015$1,905 +9.2%$139,300 +47.9%
        2014$1,745 +23.5%$94,200
        2013$1,413 -3.4%$94,200 -5.5%
        2012$1,463 -16.1%$99,700 -17.3%
        2011$1,742 -5.8%$120,600 -3.2%
        2010$1,850 -36%$124,600 -27.8%
        2009$2,893 $172,600 -18.9%
        2008$2,893 -18.9%$212,800 -18.8%
        2007$3,568 $262,100 -0.5%
        2006-- $263,300
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 34228

        Getting around

        36 / 100
        Car-Dependent
        48 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Southside Elementary
        • Middle: Booker Middle
        • High: Booker High

        Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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