$464,900
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5841 GULF OF MEXICO DR #257 Longboat Key, FL 34228
2 Beds
2 Baths
760 SqFt
Key Details
Sold Price $464,900
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 760 sqft
Price per Sqft $611
Subdivision Silver Sands Condo
MLS Listing ID A3936074
Sold Date 02/26/24
Bedrooms 2
Full Baths 2
HOA Fees $575/qua
HOA Y/N Yes
Originating Board Stellar MLS
Year Built 1972
Annual Tax Amount $4,187
Lot Size 1.660 Acres
Acres 1.66
Property Description
Silver Sands Gulf Beach Resort, located on exclusive Longboat Key, Florida, is a tropical beachfront resort just off the coast of Sarasota that offers both couples and families the perfect island getaway with spacious all-suite accommodations. This groundfloor unit overlooks the pool and has full gulf-front views. With two full bedrooms, two full bathrooms, a kitchen and a separate kitchenette, this unit offers a variety of possibilities! This unit was completely renovated in 2005, including plumbing and electrical updates. Just imagine having a morning cup of coffee, or an evening glass of wine on your tropical lanai. Walk a few short steps out onto the beach and find yourself immersed in private, gulf front tranquility. Furniture package is included. Rarely available income opportunity exists here with a full-time, on-site, world-class management company that can rent your unit(s) daily, weekly, or monthly. This unit has the ability to be rented as a two-bedroom/two bathroom unit, a one bedroom/one bathroom unit, or a hotel room. This maximizes your income producing potential like no others! This is truly a "plug and play" situation for the vacation/second-home investor. Leave your worries and enjoy your beach home that pays you back while your away! Phenomenal rental income makes these gulf front units cash flow nicely. This unit had gross income of nearly $47,000 in 2009!!! 2010 numbers available as well.
Location
State FL
County Manatee
Community Silver Sands Condo
Zoning R3MX
Interior
Interior Features Eat-in Kitchen, Living Room/Dining Room Combo, Solid Surface Counters, Window Treatments
Heating Central
Cooling Central Air
Flooring Ceramic Tile
Furnishings Furnished
Fireplace false
Appliance Dishwasher, Disposal, Microwave, Range, Refrigerator
Exterior
Exterior Feature Lighting, Outdoor Grill, Outdoor Shower, Sliding Doors
Garage None
Community Features Buyer Approval Required, Deed Restrictions, Pool, Waterfront Complex
Utilities Available Cable Connected, Electricity Connected
Amenities Available Maintenance, Shuffleboard Court
Waterfront true
Waterfront Description Beach Front,Gulf/Ocean
View Y/N 1
Water Access 1
Water Access Desc Beach,Gulf/Ocean
View Pool, Water
Roof Type Metal
Parking Type None
Garage false
Private Pool No
Building
Lot Description CoastalConstruction Control Line, FloodZone, City Limits, Near Public Transit, Zero Lot Line
Story 2
Entry Level One
Foundation Slab
Lot Size Range 1 to less than 2
Sewer Public Sewer
Water Public
Architectural Style Key West
Structure Type Block
New Construction false
Others
Pets Allowed Yes
HOA Fee Include Cable TV,Escrow Reserves Fund,Insurance,Maintenance Structure,Maintenance Grounds,Management,Recreational Facilities,Sewer,Trash,Water
Ownership Condominium
Monthly Total Fees $575
Membership Fee Required Required
Special Listing Condition None
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