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 !
Sold for $14,000,000
$14,000,000
5581 GULF OF MEXICO DRIVE, LONGBOAT KEY, FL 34228
10beds
8,529sqft
Single Family Residence
Built in 1952
2.02 Acres Lot
$13,991,600 Zestimate®
$1,641/sqft
$3,632 Estimated rent
Home value
$13,991,600
Estimated sales range
Not available
$3,632/mo
Zestimate® history
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$93,713/mo
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List your homeWhat's special
Beachfront paradiseHeated swimming poolPrivate gazeboLush foliageSwaying palm treesVine covered arborsSurrounded by tropical blooms
Zillow last checked:
Listing updated:
Listed by:
Reid Murphy 941-232-3304,
DEVELOPERS REALTY LBK, INC 941-799-9096
Bought with:
Ivo Travnicek, 3235707
OWN SRQ LLC
Source: Stellar MLS,MLS#: A4690802
Originating MLS: Sarasota - Manatee
Originating MLS: Sarasota - Manatee
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 22
- Full bathrooms: 11
- 1/2 bathrooms: 11
Primary bedroom
- Features: Built-in Closet
- Level: First
- Area: 144 Square Feet
- Dimensions: 12x12
Bedroom 1
- Features: Built-in Closet
- Level: First
- Area: 144 Square Feet
- Dimensions: 12x12
Kitchen
- Level: First
- Area: 64 Square Feet
- Dimensions: 8x8
Living room
- Level: First
Heating
- Electric
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Electric Water Heater
- Laundry: Common Area
Features
- Ceiling Fan(s)
- Flooring: Ceramic Tile
- Has fireplace: No
- Furnished: Yes
Interior area
- Total structure area: 8,529
- Total interior livable area: 8,529 sqft
Property
Features
- Levels: One
- Stories: 1
- Exterior features: Balcony
- Has private pool: Yes
- Pool features: Heated, In Ground
- Has view: Yes
- View description: Gulf/Ocean - Full
- Has water view: Yes
- Water view: Gulf/Ocean - Full
- Waterfront features: Beach, Beach Access, Beach - Access Deeded
Lot
- Size: 2.02 Acres
- Dimensions: 200 x 441
Details
- Parcel number: 7983900059
- Zoning: R3MX
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Frame
- Foundation: Slab
- Roof: Metal
Condition
- New construction: No
- Year built: 1952
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected
Community & HOA
Community
- Pet fee: $0 monthly
- Subdivision: LONGBOAT KEY
HOA
- Has HOA: No
Location
- Region: Longboat Key
Financial & listing details
- Price per square foot: $1,641/sqft
- Tax assessed value: $5,197,512
- Annual tax amount: $79,279
- Date on market: 4/30/2026
- Listing terms: Cash
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Brick
Price history
| Date | Event | Price |
|---|---|---|
| 5/1/2026 | Listed for sale | $15,000,000+7.1%$1,759/sqft |
Source:  Stellar MLS #A4690802 Report a problem | ||
| 4/30/2026 | Sold | $14,000,000-9.7%$1,641/sqft |
Source: Stellar MLS #A4690802 Report a problem | ||
| 10/29/2025 | Listing removed | $15,500,000$1,817/sqft |
Source: Stellar MLS #A4641831 Report a problem | ||
| 2/24/2025 | Listed for sale | $15,500,000+269%$1,817/sqft |
Source: Stellar MLS #A4641831 Report a problem | ||
| 6/10/2017 | Listing removed | $1,237 |
Source: Wicker Inn Beach Resort #A4180513 Report a problem | ||
| 6/8/2017 | Listed for rent | $1,237-65.6% |
Source: Wicker Inn Beach Resort #A4180513 Report a problem | ||
| 4/24/2014 | Listing removed | $3,600 |
Source: Wicker Inn Beach Resort Report a problem | ||
| 3/25/2014 | Listed for rent | $3,600 |
Source: Wagner Realty Report a problem | ||
| 6/24/2010 | Sold | $4,200,000-25%$492/sqft |
Source: Public Record Report a problem | ||
| 9/5/2006 | Sold | $5,600,000$657/sqft |
Source: Stellar MLS #A296491 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $79,280 -1.3% | $5,197,512 -0.6% |
| 2024 | $80,316 -1.7% | $5,226,446 +0.8% |
| 2023 | $81,746 -1.8% | $5,184,212 -0.5% |
| 2022 | $83,218 -1.6% | $5,210,668 +6% |
| 2021 | $84,545 +11.3% | $4,917,518 +10% |
| 2020 | $75,961 +5.9% | $4,470,471 +5% |
| 2019 | $71,699 | $4,257,852 +0.6% |
| 2018 | $71,699 -1.1% | $4,233,040 -0.3% |
| 2017 | $72,473 +33.2% | $4,243,863 +11.6% |
| 2016 | $54,402 | $3,801,784 +11% |
| 2015 | $54,402 | $3,423,686 +9.6% |
| 2014 | $54,402 | $3,122,479 |
Find assessor info on the county website
Neighborhood: 34228
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Nearby schools
GreatSchools rating
- 9/10Anna Maria Elementary SchoolGrades: PK-5Distance: 6.9 mi
- 2/10Bayshore High SchoolGrades: 8-12Distance: 4.7 mi
- 4/10Martha B. King Middle SchoolGrades: 6-8Distance: 6.5 mi
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Estimated market value
$13,991,600
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
$13,991,600
- Florida
- Manatee County
- Longboat Key
- 34228
- 5581 GULF OF MEXICO DRIVE
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