This is a rare opportunity to own a turnkey furnished, corner unit condominium that offers unobstructed Bayfront views of Sarasota Bay! As soon as you step inside, the real hardwood floors that adorn both levels will catch your eye, adding a touch of warmth, sophistication, and coziness that is seldom found in beachfront communities. New HVAC system was just installed in February 2024. The spacious kitchen boasts ample counter space, and you can enjoy the serene bay scenery from either of the two balconies. The screened-in balcony off the main bedroom provides a peaceful spot to unwind with a book in the evening. There are two bedrooms including the primary bedroom suite on the first floor with a private waterfront balcony. The primary bathroom features a double sink and a spacious walk-in closet. Upstairs, you find a beautifully furnished loft space with a glass partitioned balcony leading into a functional office area for your work-from-home activities. The upstairs also serves as a third en-suite bedroom with a full size bathroom and walk-in shower. Further amenities include a gym, heated pool, and Tennis/Pickleball court. The Banyan Bay Club has a private beach access with community lounge chairs to watch the sunset directly on the Gulf of Mexico and invites you to take a beach walk or a ocean swim. Nearby restaurants are within walking distance, and the beautifully manicured Joan Durante Park and Bayfront Park with their multiple Tennis and Pickleball courts and mile long nature pathway to explore all kinds of fish and wildlife. Longboat Key has an eleven mile walk path and bike path. This unit is ideally located for a car ride to Anna Maria Island, Saint Armand Circle with its great shopping and restaurants, or Sarasota for a night out on the town. Don’t miss out on this amazing opportunity to own a piece of paradise!
Sold for $790,000
$790,000
5270 GULF OF MEXICO DRIVE #502, LONGBOAT KEY, FL 34228
3beds
1,498sqft
Hotel/Motel, Condominium
Built in 1974
-- sqft lot
$862,400 Zestimate®
$527/sqft
$5,268 Estimated rent
Home value
$862,400
$768,000 - $975,000
$5,268/mo
Zestimate® history
Owner options
List your home for rent
$5,268/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$5,268/mo
Rent Zestimate®
Refinance and save
$6,879/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$6,879/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 startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Turnkey furnishedPickleball courtsFunctional office areaPrivate beach accessMultiple tennisBayfront parkNew hvac system
Zillow last checked:
Listing updated:
Listed by:
Jens Pinkernell 214-876-4293,
DOUGLAS ELLIMAN 941-867-6199
Bought with:
Jens Pinkernell, 3588084
DOUGLAS ELLIMAN
Source: Stellar MLS,MLS#: A4595629
Originating MLS: Sarasota - Manatee
Originating MLS: Sarasota - Manatee
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Primary bedroom
- Features: Built-in Closet
- Level: First
- Dimensions: 12.33x12.6
Bedroom 2
- Features: Walk-In Closet(s)
- Level: First
- Dimensions: 12.7x15.38
Bedroom 3
- Features: Built-in Closet
- Level: Second
- Dimensions: 12.07x12.4
Dining room
- Level: First
- Dimensions: 9.84x12.63
Kitchen
- Level: First
- Dimensions: 10.46x9.94
Living room
- Level: First
- Dimensions: 14.92x14.2
Office
- Level: Second
- Dimensions: 15.3x5.47
Heating
- Central
Cooling
- Central Air, Humidity Control
Appliances
- Included: Bar Fridge, Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Freezer, Microwave, Range, Range Hood, Refrigerator, Washer
- Laundry: Laundry Closet
Features
- Built-in Features, Ceiling Fan(s), High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Vaulted Ceiling(s), Walk-In Closet(s)
- Flooring: Parquet, Hardwood
- Doors: Sliding Doors
- Has fireplace: No
Interior area
- Total structure area: 1,498
- Total interior livable area: 1,498 sqft
Property
Parking
- Total spaces: 1
- Parking features: Carport
- Carport spaces: 1
Features
- Levels: Multi/Split
- Patio & porch: Covered, Front Porch, Screened
- Exterior features: Balcony, Irrigation System, Lighting, Rain Gutters, Sprinkler Metered, Storage, Tennis Court(s)
- Has private pool: Yes
- Pool features: In Ground, Lighting, Solar Heat, Solar Power Pump
- Has view: Yes
- View description: Water, Bay/Harbor - Full
- Has water view: Yes
- Water view: Water,Bay/Harbor - Full
- Waterfront features: Bay/Harbor, Bay/Harbor Access, Beach Access
Lot
- Features: Corner Lot, Landscaped
- Residential vegetation: Mature Landscaping, Trees/Landscaped
Details
- Parcel number: 7993811756
- Zoning: R4MX
- Special conditions: None
Construction
Type & style
- Home type: Condo
- Architectural style: Coastal
- Property subtype: Hotel/Motel, Condominium
Materials
- Block, Concrete, Stucco
- Foundation: Slab
- Roof: Shingle
Condition
- Completed
- New construction: No
- Year built: 1974
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Fiber Optics, Phone Available, Public, Street Lights, Underground Utilities, Water Connected
Community & HOA
Community
- Features: Clubhouse, Fitness Center, Pool
- Pet fee: $0 monthly
- Subdivision: THE BANYAN BAY CLUB
HOA
- Has HOA: Yes
- HOA fee: $1,689 monthly
- HOA name: Shane Raniere
Location
- Region: Longboat Key
Financial & listing details
- Price per square foot: $527/sqft
- Tax assessed value: $722,500
- Annual tax amount: $9,083
- Date on market: 1/17/2024
- Cumulative days on market: 59 days
- Listing terms: Cash,Conventional,FHA
- Ownership: Condominium
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 4/19/2024 | Sold | $790,000-7.1%$527/sqft |
Source:  Stellar MLS #A4595629 Report a problem | ||
| 3/27/2024 | Pending sale | $850,000$567/sqft |
Source: Stellar MLS #A4595629 Report a problem | ||
| 3/6/2024 | Price change | $850,000-5.6%$567/sqft |
Source: Stellar MLS #A4595629 Report a problem | ||
| 2/29/2024 | Price change | $900,000-5.3%$601/sqft |
Source: Stellar MLS #A4595629 Report a problem | ||
| 2/8/2024 | Price change | $950,000-5%$634/sqft |
Source: Stellar MLS #A4595629 Report a problem | ||
| 1/17/2024 | Listed for sale | $1,000,000+207.7%$668/sqft |
Source: Stellar MLS #A4595629 Report a problem | ||
| 1/14/2000 | Sold | $325,000$217/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,934 +13.1% | $722,500 +39.2% |
| 2024 | $9,665 +6.4% | $519,090 +10% |
| 2023 | $9,084 +13.4% | $471,900 +10% |
| 2022 | $8,012 +23.1% | $429,000 +10% |
| 2021 | $6,508 +3% | $390,000 +4% |
| 2020 | $6,321 -1.8% | $375,000 -1.3% |
| 2019 | $6,438 | $380,000 -9.5% |
| 2018 | $6,438 -10.4% | $420,000 +23.6% |
| 2017 | $7,184 +48.1% | $339,928 +2.1% |
| 2016 | $4,851 | $332,936 +0.7% |
| 2015 | $4,851 | $330,622 +0.8% |
| 2014 | $4,851 +2.2% | $327,998 +1.5% |
| 2013 | $4,747 +474622% | $323,151 -2.9% |
| 2012 | $1 | $332,671 -7.8% |
| 2011 | $1 | $360,771 -1.2% |
| 2010 | -- | $365,101 +2.7% |
| 2009 | $5,216 -5.2% | $355,502 +0.1% |
| 2008 | $5,503 +5.1% | $355,147 +3% |
| 2007 | $5,234 -3.9% | $344,803 +2.5% |
| 2006 | $5,445 -0.4% | $336,393 +3% |
| 2005 | $5,467 +1.2% | $326,595 +3% |
| 2004 | $5,399 -0.6% | $317,083 +4.3% |
| 2002 | $5,429 +1.3% | $303,878 +1.6% |
| 2001 | $5,358 +67.9% | $299,093 +61.7% |
| 2000 | $3,191 | $185,018 |
Find assessor info on the county website
Neighborhood: 34228
Nearby homes
- $649,9992 bd2 ba1.1k sqft5260 Gulf Of Mexico Dr UNIT 403, Longboat Key, FL 34228For Sale
- $514,9002 bd2 ba1.1k sqft5270 Gulf Of Mexico Dr UNIT 503, Longboat Key, FL 34228Off Market
- $754,9003 bd3 ba1.4k sqft5270 Gulf Of Mexico Dr UNIT 508, Longboat Key, FL 34228For Sale
- $558,2002 bd2 ba1.1k sqft5260 Gulf Of Mexico Dr UNIT 401, Longboat Key, FL 34228Off Market
- $667,4003 bd2 ba1.4k sqft5260 Gulf Of Mexico Dr UNIT 402, Longboat Key, FL 34228Off Market
- $653,1003 bd3 ba1.4k sqft5260 Gulf Of Mexico Dr UNIT 404, Longboat Key, FL 34228Off Market
- $319,5002 bd2 ba1.1k sqft5260 Gulf Of Mexico Dr UNIT 405, Longboat Key, FL 34228Off Market
- $553,0003 bd2 ba1.4k sqft5260 Gulf Of Mexico Dr UNIT 406, Longboat Key, FL 34228Off Market
Nearby schools
GreatSchools rating
- 9/10Anna Maria Elementary SchoolGrades: PK-5Distance: 7.3 mi
- 2/10Bayshore High SchoolGrades: 8-12Distance: 4.5 mi
- 4/10Martha B. King Middle SchoolGrades: 6-8Distance: 6.6 mi
Schools provided by the listing agent
- Elementary: Anna Maria Elementary
- Middle: Martha B. King Middle
- High: Bayshore High
Source: Stellar 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
$862,400
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
$862,400
- Florida
- Manatee County
- Longboat Key
- 34228
- 5270 GULF OF MEXICO DRIVE Unit 502
Nearby cities
Nearby zip codes
Other Longboat Key Topics
