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Sold for $850,000 on 03/16/23
  • $850,000

    5125 Gulf Of Mexico Dr UNIT 7, Longboat Key, FL 34228

    2beds
    961sqft
    Hotel/Motel, Condominium
    Built in 1983
    -- sqft lot
    $877,300 Zestimate®
    $884/sqft
    $3,548 Estimated rent

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    $3,548/mo

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    $3,548/mo

    Rent Zestimate®

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    $7,715/mo

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    $7,715/mo

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    What's special

    Amazing investment opportunity to own a rarely available elegant, turnkey furnished condo situated upon this idyllic resort comprised of only eight units. The Seagrape Inn is a boutique-style resort complex, located beachside, on the shores of the beautiful Gulf of Mexico. Owners may enjoy unlimited personal usage but may also benefit from the rental program facilitated by the professional on-site property manager (gross rents $74,000 in 2022). Seagrape Inn is meticulously maintained and features lush landscaping in an upscale tropical setting. Unit 7 is a 2nd story condo and features exceptional views of the ocean and pool. Feel the warm breeze flow in from your screened lanai while enjoying your morning coffee, afternoon cocktail or good book! The spacious open floor plan provides plenty of space to relax and enjoy the flat screen TV while lounging on the new (2021) very comfortable furniture in the living area. A fully equipped kitchen and dining room enhances your dining experience. Retire to the primary bedroom with an inviting comfortable king size bed, ample closet space, flat screen TV and recently remodeled bath. The second bedroom has two twin beds, flat screen TV and recently remodeled bath as well. (All mattresses were purchased in 2021). New A/C unit was installed January 2021. This condo is being sold fully furnished. Unit 7 has dedicated parking, an owners locker, and is a short distance to restaurants and shops. Hurricane windows and doors recently installed at the complex. 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. The extremely private, quiet and serene atmosphere of this lovely condo is the perfect getaway to relax and enjoy the spectacular Gulf sunsets and create new memories. You won’t want to miss one!

    Zillow last checked: 7 hours ago

    Listing updated: February 26, 2024 at 08:14pm

    Listing Provided by:

    Sandi Layfield, PA 941-914-2807,

    MICHAEL SAUNDERS & COMPANY 941-383-5502,

    Michael Nink, PA 941-914-2805,

    MICHAEL SAUNDERS & COMPANY

    Bought with:

    Jesse Griffin, 3081650

    CENTURY 21 BEGGINS ENTERPRISES

    Source: Stellar MLS,MLS#: A4560817MLS LogoOriginating MLS: Sarasota - Manatee

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Primary bedroom
    • Level: First
    • Dimensions: 12x14
    Bedroom 2
    • Level: First
    • Dimensions: 12x14
    Balcony porch lanai
    • Level: First
    • Dimensions: 8x10
    Kitchen
    • Level: First
    • Dimensions: 8x11
    Living room
    • Level: First
    • Dimensions: 15x17
    Heating
    • Electric
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator
    • Laundry: Outside
    Features
    • Living Room/Dining Room Combo, Primary Bedroom Main Floor
    • Flooring: Tile
    • Doors: Outdoor Grill
    • Windows: Blinds
    • Has fireplace: Yes
    • Common walls with other units/homes: Corner Unit,End Unit
    Interior area
    • Total structure area: 1,024
    • Total interior livable area: 961 sqft

    Property

    Parking
    • Parking features: Assigned
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Screened
    • Exterior features: Outdoor Grill
    • Pool features: Gunite, Heated, Lighting, Outside Bath Access
    • Has view: Yes
    • View description: Water, Gulf/Ocean - Partial
    • Has water view: Yes
    • Water view: Water,Gulf/Ocean - Partial
    • Waterfront features: Waterfront, Gulf/Ocean, Gulf/Ocean to Bay Access
    • Body of water: GULF OF MEXICO
    Lot
    • Features: City Lot, Sidewalk
    • Residential vegetation: Mature Landscaping
    Details
    • Parcel number: 7997300400
    • Zoning: R3MX
    • Special conditions: None

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Other
    • Property subtype: Hotel/Motel, Condominium
    Materials
    • Block, Stucco
    • Foundation: Slab
    • Roof: Built-Up
    Condition
    • New construction: No
    • Year built: 1983

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected

    Community & neighborhood

    Community
    • Community features: Water Access, Waterfront, Pool
    Location
    • Region: Longboat Key
    • Subdivision: SEAGRAPE INN

    HOA & financial

    HOA
    • Has HOA: Yes
    • HOA fee: $2,297 monthly
    • Amenities included: Laundry, Other, Pool
    • Services included: Community Pool, Manager, Sewer, Trash, Water
    • Association name: Assoc Mgr Wanda
    • Association phone: 941-383-2105
    Other fees
    • Pet fee: $0 monthly
    Other financial information
    • Total actual rent: 0

    Other

    Other facts
    • Listing terms: Cash
    • Ownership: Condominium
    • Road surface type: Paved, Asphalt
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    Estimated market value
    $877,300