Skip main navigation
Off market
  • $847,100

    5055 Gulf Of Mexico Dr #516, Longboat Key, FL 34228

    3beds
    1,484sqft
    Condo
    Built in 1973
    -- sqft lot
    $847,100 Zestimate®
    $571/sqft
    $4,925 Estimated rent

    Home value

    $847,100

    $745,000 - $966,000

    $4,925/mo

    Zestimate® history
    Loading
    Loading...

    Owner options

    List your home for rent

    $4,925/mo

    Rent Zestimate®

    Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

    Learn more

    $4,925/mo

    Rent Zestimate®

    Refinance and save

    $5,846/mo

    Est. payment

    Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

    See today's rates

    $5,846/mo

    Est. payment

    Explore your selling options

    Work with a Zillow partner agent

    Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

    Get started

    List with your own agent

    Get your home in front of millions of buyers by listing it on Zillow.

    Learn how to do it

    Sell it yourself

    Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

    List your home

    What's special

    This is a bright, ground-floor corner unit that directly faces 750 feet of a beautiful sandy beach (aka Gulf of Mexico)... clearly defining what life can be on Longboat Key. The spacious 1484sf floorplan is flexible and can be used as a three-bedroom plus den set-up, with two separate open lanais that look out to a beautiful lawn and a low hedge of sea grapes that protects the beach and provides a wonderful sense of outdoor privacy. The unit is turnkey-furnished. The kitchen and bathrooms will welcome your imagination. The full-size washer/dryer in the unit adds convenience and a new A/C system will be installed before closing. Inside storage abounds. There is an owner's locker outside, as well as covered parking for one car. Additional parking is easy for guests. Club Longboat is a pet-friendly, well-managed community of 80 units, offering 2 heated pools, 8 Har-Tru tennis courts (with an on-site tennis pro) and a clubhouse for meetings, games, readers, exercisers, with bar stools at the ready for this socially-active community. Here's what's important... this unit is perfect for pet-lovers and beach-lovers, for investor-owners and full-time residents, for tennis and fitness buffs, etc. Longboat Key is still a seller's market and spacious units on the Gulf of Mexico remain in very high demand. Check this beauty out ASAP.

    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.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • central
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
    • Laundry: In Unit
    Features
    • Flooring: Tile
    • Has fireplace: No
    Interior area
    • Total interior livable area: 1,484 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Covered
    Features
    • Exterior features: Stone, Brick
    • On waterfront: Yes
    Details
    • Parcel number: 7998103704

    Construction

    Type & style
    • Home type: Condo
    Materials
    • masonry
    • Roof: Tile
    Condition
    • Year built: 1973

    Community & HOA

    HOA
    • Has HOA: Yes
    • HOA fee: $250 monthly
    Location
    • Region: Longboat Key

    Financial & listing details

    • Price per square foot: $571/sqft
    • Tax assessed value: $362,950
    • Annual tax amount: $5,536

    Price history

    DateEventPrice
    7/1/2022Sold$950,000+6.1%$640/sqft
    Source: Public Record Report a problem
    6/7/2022Pending sale$895,000$603/sqft
    Source: Stellar MLS #A4534966 Report a problem
    6/1/2022Listed for sale$895,000+50.4%$603/sqft
    Source: Stellar MLS #A4534966 Report a problem
    1/12/2021Listing removed--
    Source: Stellar MLS Report a problem
    6/30/2020Listed for rent$3,500$2/sqft
    Source: WAGNER REALTY #A4471061 Report a problem
    4/16/2020Listing removed$595,000$401/sqft
    Source: MICHAEL SAUNDERS & COMPANY #A4430890 Report a problem
    4/16/2020Listed for sale$595,000+3.5%$401/sqft
    Source: MICHAEL SAUNDERS & COMPANY #A4430890 Report a problem
    4/15/2020Sold$575,000-3.4%$387/sqft
    Source: Stellar MLS #A4430890 Report a problem
    2/20/2020Pending sale$595,000$401/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker #A4430890 Report a problem
    1/6/2020Price change$595,000-4.8%$401/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker #A4430890 Report a problem
    10/16/2019Price change$625,000-10.1%$421/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker #A4430890 Report a problem
    3/19/2019Listed for sale$695,000$468/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker #A4430890 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,536 -60.4%$362,950 -60.1%
    2024$13,977 +1.2%$909,500 +3.9%
    2023$13,805 +40.8%$875,500 +57.6%
    2022$9,803 +15.7%$555,500 +10%
    2021$8,472 +0.7%$505,000 +2%
    2020$8,411 +1.9%$495,000 +1%
    2019$8,251 $490,000 -8.4%
    2018$8,251 -9.9%$535,000 -13.7%
    2017$9,160 +27.5%$620,000 +24.8%
    2016$7,183 $496,600 +15%
    2015$7,183 $431,850 +4%
    2014$7,183 +15.5%$415,246 +11.4%
    2013$6,220 +621937%$372,780 +10%
    2012$1 $338,891 +2.3%
    2011$1 $331,275 -10%
    2010-- $368,114 -32%
    2009$9,158 +0.1%$541,344 -2%
    2008$9,148 -1.1%$552,391
    2007$9,248 -11.9%$552,391 -6%
    2006$10,497 +6.8%$587,650 +11%
    2005$9,826 +80%$529,415 +69%
    2004$5,457 -1.6%$313,193 +1.9%
    2003$5,548 -0.4%$307,353 +2.4%
    2002$5,572 +1.8%$300,149 +1.6%
    2001$5,473 +1.1%$295,422 +3%
    2000$5,415 $286,817
    Find assessor info on the county website

    Neighborhood: 34228

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Anna Maria Elementary
    • Middle: Martha B. King Middle
    • High: Bayshore High

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

    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $847,100
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $847,100