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  • $8,994,700

    5881 Gulf Of Mexico Dr, Longboat Key, FL 34228

    4beds
    2baths
    3,165sqft
    SingleFamily
    Built in 1971
    1.35 Acres Lot
    $8,994,700 Zestimate®
    $2,842/sqft
    $7,927 Estimated rent

    Home value

    $8,994,700

    $7.47M - $10.79M

    $7,927/mo

    Zestimate® history
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    $7,927/mo

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    Rent Zestimate®

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    $60,209/mo

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    $60,209/mo

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    What's special

    Privacy and tranquility abound in this idyllic beach front property. You will be immediately transformed as you embark down the winding shell drive through its lushly landscaped grounds to this truly iconic gulf front home, as memorialized on canvas by local artist John Dineen and frequented over the years by the likes of members of Aerosmith. Just shy of 1.5 secluded acres, this unique tropical oasis is nestled among other private gulf front residences on similarly sized parcels (not between condos and multi family complexes). This barrier island escape has been lovingly preserved by its current owner for decades and now on the market for the first time in its present expanded configuration. It will be the new owner's choice to renovate, rejuvenate or replace the 3200 square foot elevated cypress residence with cathedral ceilings throughout and breath taking vistas of the Gulf of Mexico or continue to use it as is while collecting handsome rental income. Showings of this Longboat Key retreat are by appointment only.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2.5
    Heating
    • central
    Cooling
    • Central
    Features
    • Flooring: Carpet
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 3,165 sqft

    Property

    Parking
    • Parking features: Carport, None, Garage
    Features
    • Exterior features: Stone, Wood
    • On waterfront: Yes
    Lot
    • Size: 1.35 Acres
    Details
    • Parcel number: 8006800000

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • masonry
    • Roof: Composition
    Condition
    • Year built: 1971

    Community & HOA

    Location
    • Region: Longboat Key

    Financial & listing details

    • Price per square foot: $2,842/sqft
    • Tax assessed value: $8,459,250
    • Annual tax amount: $116,329

    Price history

    DateEventPrice
    5/31/2013Sold$2,900,000-10.8%$916/sqft
    Source: Public Record Report a problem
    5/2/2013Pending sale$3,250,000$1,027/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker Report a problem
    3/17/2013Price change$3,250,000-6.3%$1,027/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker Report a problem
    3/5/2013Price change$3,470,000-0.7%$1,096/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker Report a problem
    12/21/2012Listed for sale$3,495,000$1,104/sqft
    Source: Michael Saunders & Company - Licensed Real Estate Broker Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$116,329 +1.9%$7,003,218 +10%
    2024$114,114 +5%$6,366,562 +10%
    2023$108,666 +72.6%$5,787,784 +53.4%
    2022$62,975 +4.3%$3,773,508 +10%
    2021$60,370 +13.2%$3,430,462 +10%
    2020$53,318 +2.2%$3,118,602 +2.3%
    2019$52,173 $3,049,640 +10%
    2018$52,173 +9.2%$2,772,400 +5.8%
    2017$47,792 +13.3%$2,620,360 +6.9%
    2016$42,192 $2,451,139 +0.3%
    2015$42,192 $2,444,306 +0.9%
    2014$42,192 +17.2%$2,421,682 +12.2%
    2013$36,009 +3600797%$2,157,983 +3.2%
    2012$1 $2,090,363 +5%
    2011$1 $1,990,567 -12.6%
    2010-- $2,277,326 -4.9%
    2009$40,519 -22.3%$2,395,216 -24%
    2008$52,169 -8.9%$3,150,207 -7.9%
    2007$57,283 -1.8%$3,421,580 +4.8%
    2006$58,309 +4.7%$3,264,304 +8.8%
    2005$55,683 +10.4%$3,000,288 +12.6%
    2004$50,455 +14.8%$2,664,496 +19.2%
    2003$43,935 +33.2%$2,235,905 +37.2%
    2002$32,995 +32.2%$1,629,434 +32.1%
    2001$24,959 +23.5%$1,233,121 +26.2%
    2000$20,202 $976,829
    Find assessor info on the county website

    Neighborhood: 34228

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $8,994,700
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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
    $8,994,700