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Off market
  • $8,336,200

    5005 Gulf Of Mexico Dr #1, Longboat Key, FL 34228

    5beds
    6,380sqft
    Single Family Residence
    Built in 2017
    0.52 Acres Lot
    $8,336,200 Zestimate®
    $1,307/sqft
    $56,383 Estimated rent

    Home value

    $8,336,200

    $7.34M - $9.42M

    $56,383/mo

    Zestimate® history
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    What's special

    A beautiful paved private driveway leads you to this beachfront gem overlooking the Gulf of Mexico and gorgeous sandy Longboat Key beach. The home was completed in June 2017 and is the perfect mix of casual elegance that optimizes causal indoor/outdoor living with all the amenities. The open floor plan captures the amazing views from every vantage point through walls of glass and sliding glass doors that open to the outdoor seating area on two levels. The free form pool features a natural rock wall, sun shelf and adjoining 10 person hot tub. For dining and outdoor entertaining there is a Memphis wood pellet grill and smoker, an under counter outdoor refrigerator and ice maker plus a sink and counter bar. A private pathway leads from the pool to the beach. The interior floors are engineered walnut hardwood floors and premium ceramic tile. There is an elevator from the garage to all levels. The secluded master suite captures breathtaking beach views and sliding doors open to the terrace plus there is ample closet space and the master bath features dual vanities, tub and a large walk-in shower. Three en-suite bedrooms are also on the first living level with the fifth suite on the second level adjacent to a sitting area/game room that opens to an expansive deck. The kitchen is light and open with a bar for causal dining and an adjoining dining area with glass windows encompassing the views of beach and Gulf. There is a three car garage plus an additional one car garage with professionally installed storage and organization. A three hole putting green is in the front yard plus there is Wynn turf in all grass areas. A Sonos speaker systems is installed throughout the home plus surrounds the pool area. This is Florida resort living at its very best!

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Originating MLS: Sarasota - Manatee

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 7
    • Full bathrooms: 5
    • 1/2 bathrooms: 2
    Heating
    • Forced air, Electric
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator
    Features
    • Ceiling Fans(s), High Ceiling(s), Elevator
    • Flooring: Hardwood
    • Has fireplace: No
    Interior area
    • Total interior livable area: 6,380 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Garage - Attached
    Features
    • Levels: Three Or More
    • Exterior features: Stone, Wood, Brick
    • Pool features: Heated, In Ground
    • Has spa: Yes
    • Spa features: Heated, In Ground
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    • Waterfront features: Beach - Private
    • Body of water: GULF OF MEXICO
    Lot
    • Size: 0.52 Acres
    • Dimensions: 90x250
    Details
    • Parcel number: 8009200109
    • Zoning: R3MX

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Custom, Elevated
    • Property subtype: Single Family Residence
    Materials
    • masonry
    • Roof: Metal
    Condition
    • Completed
    • Year built: 2017

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Cable Connected

    Community & HOA

    Community
    • Subdivision: BONAIRE AT LONGBOAT KEY
    HOA
    • Has HOA: Yes
    • Amenities included: Cable, Elevators
    • Services included: Electricity
    • HOA fee: $633 monthly
    Location
    • Region: Longboat Key

    Financial & listing details

    • Price per square foot: $1,307/sqft
    • Tax assessed value: $7,536,633
    • Annual tax amount: $110,019
    • Listing terms: Cash, Conventional
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    5/11/2021Listing removed--
    Source: Stellar MLS #A4486427 Report a problem
    2/1/2021Sold$7,130,000-4.9%$1,118/sqft
    Source: Stellar MLS #A4486427 Report a problem
    1/20/2021Pending sale$7,495,000$1,175/sqft
    Source: Stellar MLS #A4486427 Report a problem
    12/17/2020Listed for sale$7,495,000+158.4%$1,175/sqft
    Source: DEVELOPERS REALTY INC #A4486427 Report a problem
    1/27/2016Listing removed$2,900,000$455/sqft
    Source: Owner Report a problem
    1/26/2016Listed for sale$2,900,000$455/sqft
    Source: Owner Report a problem
    4/23/2015Listing removed$2,900,000$455/sqft
    Source: Owner Report a problem
    3/20/2015Listed for sale$2,900,000+16%$455/sqft
    Source: Owner Report a problem
    3/6/2015Sold$2,500,000$392/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$110,019 +4.7%$6,962,530 +10%
    2024$105,087 +2.3%$6,329,573 +10%
    2023$102,747 +22.7%$5,754,157 +10%
    2022$83,740 +46.1%$5,231,052 +51.9%
    2021$57,302 +0.1%$3,443,674 +1.4%
    2020$57,228 +3.2%$3,396,128 +2.3%
    2019$55,436 $3,319,773 +36.1%
    2018$55,436 +32.1%$2,439,704 +144%
    2017$41,966 +438.3%$1,000,000
    2016$7,796 $1,000,000 -49.7%
    2015$7,796 $1,990,000 +261.8%
    2014$7,796 $550,000
    Find assessor info on the county website

    Neighborhood: 34228

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $8,336,200
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $8,336,200