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5581 Gulf Of Mexico Drive, Longboat Key, FL 34228 (MLS # A4641831)

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PRICE $15,500,000 dsIDX morgage calculator
BEDS 11
BATHS 11
HOME SIZE 8,529 sqft
LOT SIZE 2.02 ac

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 !

DAYS ON MARKET 80 LAST UPDATED 2/25/2025
TRACT LONGBOAT KEY YEAR BUILT 1952
COMMUNITY 34228 - Longboat Key COUNTY Manatee
STATUS Active PROPERTY TYPE(S) Single Family


ADDITIONAL DETAILS
AIR Central Air
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Disposal
AREA 34228 - Longboat Key
CONSTRUCTION HardiPlank Type
EXTERIOR Balcony, Courtyard
HEAT Central
LOT 2.02 acre(s)
LOT DESCRIPTION Waterfront
LOT DIMENSIONS 200x441
POOL Yes
POOL DESCRIPTION In Ground, Private
SEWER Private Sewer
STORIES 1
SUBDIVISION LONGBOAT KEY
TAXES 80316.37
UTILITIES Cable Available, Cable Connected, Electricity Connected
VIEW Yes
VIEW DESCRIPTION Beach, Water
WATER Public
WATERFRONT Yes
WATERFRONT DESCRIPTION Beach Front, Beach Access
MORTGAGE CALCULATOR
   

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CONTACT US ABOUT 5581 GULF OF MEXICO DRIVE
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Listing provided by Reid Murphy, DEVELOPERS REALTY LBK, INC
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 5/14/25 7:25 AM PDT.

This IDX solution is (c) Diverse Solutions 2025.