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5125 Gulf Of Mexico Drive 7, LONGBOAT KEY, FL 34228
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5125 Gulf Of Mexico Drive 7
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Priced at Only: $1,250,000
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Address: 5125 Gulf Of Mexico Drive 7, LONGBOAT KEY, FL 34228
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  • MLS#: A4616212 ( Residential )
  • Street Address: 5125 Gulf Of Mexico Drive 7
  • Viewed: 3
  • Price: $1,250,000
  • Price sqft: $1,221
  • Waterfront: Yes
  • Wateraccess: Yes
  • Waterfront Type: Beach Front
  • Year Built: 1983
  • Bldg sqft: 1024
  • Bedrooms: 2
  • Total Baths: 2
  • Full Baths: 2
  • Days On Market: 172
  • Additional Information
  • Geolocation: 27.4063 / -82.6544
  • County: MANATEE
  • City: LONGBOAT KEY
  • Zipcode: 34228
  • Subdivision: Seagrape Inn
  • Building: Seagrape Inn
  • Elementary School: Anna Maria Elementary
  • Middle School: Martha B. King Middle
  • High School: Bayshore High
  • Provided by: CENTURY 21 BEGGINS ENTERPRISES
  • Contact: Jesse Griffin
  • 941-387-8888
  • mfrmls
  • DMCA Notice
  • Description
    Exceptional Investment Opportunity: Turnkey Furnished Condo at Seagrape Inn** Discover an exceptional investment opportunity with this elegant, fully renovated, turnkey furnished condo in the exclusive boutique style Seagrape Inn, a resort with only eight units. Nestled beachside on the beautiful Gulf of Mexico, the Seagrape Inn offers an idyllic setting for both personal use and rental income. Owners can enjoy unlimited personal usage while benefiting from a lucrative rental program managed by a professional on site property manager, with no minimum rental restrictions. This condo promises potential annual revenue exceeding $106,000 currently, while still allowing ample personal use. The current owners have a profit and loss statement ready to share. The Seagrape Inn is meticulously maintained, featuring lush landscaping in an upscale tropical setting. Unit 7, located on the second floor, offers exceptional views of the ocean and pool. Relax on your screened lanai, enjoying the warm breeze with your morning coffee, afternoon cocktail, or a good book. Inside, the spacious open floor plan provides plenty of room to unwind, complete with all new, comfortable furniture and a flat screen TV in the living area. The fully renovated interior boasts first class materials and finishes throughout the entire space. Improvements made 2023/2024 include new luxury waterproof vinyl floors throughout, new interior paint, new doors and trim, a full kitchen renovation with new cabinets, granite countertops, and appliances. Both bathrooms have been fully renovated with new tiles, vanities, and showers. The primary bedroom features an inviting king size bed, ample closet space, a flat screen TV, and a recently remodeled bathroom. The second bedroom includes a queen size bed, a flat screen TV, and a recently remodeled bath as well. A new A/C unit was installed in 2021. This condo is sold fully turn key furnished and, includes dedicated parking an owner's locker, and is conveniently located near restaurants and shops. The complex recently installed hurricane windows and doors. Amenities at Seagrape Inn include: Private Entrance to Each Condo Private Heated Pool Private Beach Area with Lounge Chairs & Umbrellas On Site Laundry & Ice Machine Upgraded Wi Fi throughout the Resort Cable TV Gazebo with Gas BBQ Grill Beach Towels & Linens Enjoy the extremely private, quiet, and serene atmosphere of this lovely condo, the perfect getaway to relax and enjoy spectacular Gulf sunsets while creating new memories. Don't miss this opportunity! ****Please note, the HOA quarterly fee includes the onsite Rental/CAM Managers salary. Beyond the CAM manager's responsibility of operations expense, upkeep, board meetings, financials, etc.. She also handles all Rental bookings, advertising, cleaning, receipts, ect. BUT there is no money owed or due for these rental agent services as it is already built into your quarterly hoa fee.****
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  •   Principal & Interest -
  •   Property Tax $
  •   Home Insurance $
  •   HOA Fees $
  •   Mortgage Insurance-
  •   Monthly -
Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Balcony, Hurricane Shutters, Irrigation System, Lighting, Outdoor Grill, Sidewalk, Sliding Doors
  • Flooring: Ceramic Tile, Luxury Vinyl
  • Living Area: 961.00
  • Other Structures: Storage
  • Roof: Membrane
Property Information
  • Property Condition: Completed
Land Information
  • Lot Features: CoastalConstruction Control Line, FloodZone, City Limits, Near Marina, Sidewalk
School Information
  • High School: Bayshore High
  • Middle School: Martha B. King Middle
  • School Elementary: Anna Maria Elementary
Garage and Parking
  • Garage Spaces: 0.00
Eco-Communities
  • Pool Features: Gunite, Heated, In Ground
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Heating: Central
  • Pets Allowed: Yes
  • Sewer: Public Sewer
  • Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Public, Street Lights, Underground Utilities
Amenities
  • Association Amenities: Laundry, Maintenance, Storage
Finance and Tax Information
  • Home Owners Association Fee Includes: Pool, Escrow Reserves Fund, Maintenance Structure, Maintenance Grounds, Maintenance, Management, Sewer, Trash, Water
  • Home Owners Association Fee: 7069.00
  • Net Operating Income: 0.00
  • Tax Year: 2023
Other Features
  • Appliances: Convection Oven, Dishwasher, Disposal, Electric Water Heater, Microwave, Range Hood, Refrigerator
  • Association Name: Seagrape Inn
  • Country: US
  • Furnished: Furnished
  • Interior Features: Living Room/Dining Room Combo, Open Floorplan, Split Bedroom, Thermostat
  • Legal Description: UNIT 7 SEAGRAPE INN CONDO PI#79973.0040/0
  • Levels: One
  • Area Major: 34228 - Longboat Key
  • Occupant Type: Tenant
  • Parcel Number: 7997300400
  • Style: Traditional
  • View: Water
  • Zoning Code: LBK_R-3MX
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Nearby Subdivisions
Arbomar Apts   Aria Longboat Key   Bayport Bch Ten Ph A   Bayport Bch Ten Ph C   Bayport Bch Ten Ph E   Beach Harbor Club   Beaches Of Longboat Key Ph1   Beachplace Ii   Beachplace Iii   Cedars East   Cedars West Of Longboat Inc   Condominium Residences At Long   Coreys Landing   Emerald Pointe South   En Provence   Fairway Bay   Fairway Bay 1   Grand Bay 2   Grand Bay 4   Grand Bay 5   Grand Bay 6   Gulf Front   Harbor Oaks Ph I Ii   Harbour Villa Club At The Bucc   Islander Club Of Longboat   L Ambiance 1   L Ambiance At Longboat Key Clu   La Firenza   Longboat Arms   Longboat Beachcomber   Longboat Harbour   Longboat Harbour Towers   Longboat Key Casa Del Mar   Longboat Key Towers   Mccalls Beach Castle   Neptune On Longboat Key   Pelican Harbour Beach Club   Pierre   Players Club I   Portobello   Privateer South   Sage Lbk   Sanctuary Iii   Sanctuary Iv   Sand Cay   Sands Point   Seagrape Inn   Seaplace   Seaplace I   Seaplace Ii   Seaplace V   Seaplace Vi   Spanish Main Yacht Club Condo   St. Regis Longboat Key   Sunset Beach   Sunset Beach Ph 2   Sutton Place   Tangerine Bay Club   The Castillian   The Shore Condominium   Veinte   Vizcaya At Longboat Key Ph 01   Water Club 01 At Longboat Key   Westchester Apts   Whitney Beach   Winding Oaks   Windward Bay Amd