5056 Gulf of Mexico Dr

Longboat Key, FL 34228

$4,425,000
Last Sold Price
3
Beds
3,819 Sq. Ft.
$1,159 / Sq. Ft.
3,819
Sq. Ft.
$1,159
per Sq. Ft.

Description

This is the location to build your dream home! Direct Bayfront Estate on an oversized property of 0.92 acre is 100 feet on the bay and 391 feet deep on Longboat key and is located along a stretch of multi million dollar Bayfront homes. The property comes with deeded beach access across the street and a side canal for even more privacy plus the opportunity for creative, lush landscaping will give the home a dramatic gated entrance. The Bayside pool is for relaxation and perfect for watching Florida...This is the location to build your dream home! Direct Bayfront Estate on an oversized property of 0.92 acre is 100 feet on the bay and 391 feet deep on Longboat key and is located along a stretch of multi million dollar Bayfront homes. The property comes with deeded beach access across the street and a side canal for even more privacy plus the opportunity for creative, lush landscaping will give the home a dramatic gated entrance. The Bayside pool is for relaxation and perfect for watching Florida wildlife. Entering the beginning of your estate is a elevated guest house. This is an added bonus and unique because zoning laws no longer permit guest homes that are not attached to the main dwelling. The elevated guest house is 700 sq. ft and provides parking underneath. This prime location is ideal for enjoying the Longboat Key Club, St Armands and downtown restaurants. Plans are available for a home over 8,000 sf of contemporary glass fronted living space. The drawing depicts a 2 story , 5 bedroom, 7 bath home with open living and multiple outdoor areas for entertainment as well as a chef's kitchen, walk in pantry, study, elevator, media and wine room. The separate summer kitchen cabana alongside the beautiful pool/spa and fire pit is ideal for day and night enjoyment. These plans, from a renowned award -winning architect, are available for purchase and are fully customizable. "Don't forget to check out our virtual tour!
  1. Listed by Reid Murphy • DEVELOPERS REALTY INC
    P: (941)-232-3304 C: (941)-232-3304 Reid@ReidMurphy.com

Property Details for 5056 Gulf Of Mexico Drive

Subdivision Name
LONGBOAT KEY
Township
35S
Carport Spaces
2
Waterfront
Yes
Water View
Bay/Harbor - Full
LISTING UPDATED: 02/26/2024 10:48 PM

Property Details for 5056 Gulf Of Mexico Drive

StatusSold
MLS #A4516289
Days on Market505
Taxes$34,549 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1962
Lot Size0.92 AC / 40,001 SF
CountyManatee County

Location

Listing Courtesy of DEVELOPERS REALTY INC, Reid Murphy

Sold By DEVELOPERS REALTY INC, Reid Murphy

Add your commute

Building Information for 5056 Gulf Of Mexico Drive

Stories1Year Built1962Building Size-Lot Size0.92 AC / 40,001 SF

Payment Calculator

$26,063 per month

30 year fixed, 6.845% Interest

Principal and Interest

$23,184

Property Taxes

$2,879

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5056 Gulf Of Mexico Drive

Summary
Location and General Information
  • Building Area Units: Square Feet
  • Direction Faces: West
  • Directions: Gulf of Mexico dr to 5000 block property is on bay side. Across from Club Longboat.
  • Mls Major Change Type: Sold
  • Major Change Type: Closed
  • Listing Service: Full Service
  • Senior Community: No
  • SW Subdiv Community Name: Longboat Key
  • Unit Number: No
  • Street Number: 5056
  • Street Name: Gulf Of Mexico
  • Street Suffix: DRIVE
  • State: FL
  • City: LONGBOAT KEY
Parking
  • Carport: Yes
  • Garage: No
Taxes and HOA Information
  • Association Approval Required: No
  • Association: No
  • CDD: No
  • Tax Book Number: 7-16
  • Tax Legal Description: BEG AT THE INTERSEC OF THE N LN OF LOT 45 OF A SUB OF FRAC SECS 25,26 & PT OF SEC 24, AS REC IN PB 7 P 16, & THE E LN OF JOHN RINGLING PK/WAY (100 FT WIDE), THENCE S 41 DEG 33 MIN E ALG SD PK/WAY 475 FT FOR A POB, THENCE CONT S 41 DEG 33 MIN E, 120.2 5 FT, THENCE N 49 DEG 15 MIN E & PARALLEL TO THE N LN OF SD LOT 45, 320 FT M/L TO OPEN WATERS OF SARASOTA BAY, THENCE NWLY
  • Tax Lot: 45
  • Tax Year: 2021
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Lot Size Dimensions: 100 x 400
  • Parcel Number: 7999400000
  • Total Acreage: 1/2 to less than 1
  • Water Access: Bay/Harbor, Beach - Access Deeded
  • Water Access: Yes
  • Water Extras: Fishing Pier
  • Water Extras: Yes
  • Water: Fishing Pier
  • Zoning: R1SF
  • Living Area: 3819
  • Lot Dimensions: 100 x 400
Property and Assessments
  • Year Built Numeric: 1962
  • Building Elevator: No
  • Flood Zone Code: A
  • Home Warranty: No
  • Homestead: No
  • New Construction: No
  • Public Survey Range: 16E
  • Public Survey Section: 25
  • Dock Description: Dock - Open
Utilities
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Fiber Optics
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block
  • Exterior Features: Sliding Doors
  • Foundation Details: Slab
  • Levels: One
  • Pool Features: In Ground
  • Pool Private: Yes
  • Pool: Private
  • Pool Private: Yes
  • Roof: Other
  • Waterfront Features: Bay/Harbor
  • Waterfront Feet Total: 100
  • Number Of Stories: 1
Interior Features
  • Bedrooms Total: 3
  • Bathrooms Full: 2
  • Appliances: Disposal, Electric Water Heater
  • Cooling: Central Air
  • Fireplace: No
  • Flooring: Ceramic Tile
  • Heating: Central
  • Interior Features: High Ceilings
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Room Count: 4.0
  • Water View: Yes
  • Bathrooms Half: 1
Rental
Rental Information
  • Minimum Lease Period: 0
  • Pets Allowed: Yes

Property History for 5056 Gulf Of Mexico Drive

DateEvent & SourcePriceAppreciation
Apr 17, 2023

Sold

MFRMLS #A4516289

$4,425,000—
Apr 11, 2023

Sold (Public Record)

Public Record #1509409124

$4,425,000

+10.0% / yr

Mar 18, 2023

Pending

MFRMLS #A4516289

—
Oct 29, 2021

Listed (Active)

MFRMLS #A4516289

$6,595,000—
Jan 31, 2021

Withdrawn

MFRMLS #T3277742

$6,000,000—
Nov 25, 2020

Listed (Active)

MFRMLS #T3277742

$6,000,000—
Apr 30, 2013

Sold (Public Record)

Public Record #354087720

$1,710,000—
Apr 30, 2013

Sold

MFRMLS #A3966810

$1,710,000—
Apr 8, 2013

Pending

MFRMLS #A3966810

—
Oct 3, 2012

Listed (Active)

MFRMLS #A3966810

$1,979,000—
Aug 1, 2012

Withdrawn

MFRMLS #A3960409

$1,979,000—
May 3, 2012

Listed (Active)

MFRMLS #A3960409

$1,979,000—
May 2, 2012

Withdrawn

MFRMLS #A3951284

$1,975,000—
Nov 7, 2011

Listed (Active)

MFRMLS #A3951284

$1,975,000—
Jul 24, 2011

Withdrawn

MFRMLS #A3923507

$2,435,000—
Mar 25, 2010

Listed (Active)

MFRMLS #A3923507

$2,485,000—
May 15, 2008

Expired

MFRMLS #A368666

$2,985,000—
Nov 19, 2007

Listed (Active)

MFRMLS #A368666

$2,985,000—
DateEvent & SourcePrice
04/17/2023

Sold

MFRMLS #A4516289

$4,425,000
04/11/2023

Sold (Public Record)

Public Record #1509409124

$4,425,000

+10.0% / yr

03/18/2023

Pending

MFRMLS #A4516289

—
10/29/2021

Listed (Active)

MFRMLS #A4516289

$6,595,000
01/31/2021

Withdrawn

MFRMLS #T3277742

$6,000,000
11/25/2020

Listed (Active)

MFRMLS #T3277742

$6,000,000
04/30/2013

Sold (Public Record)

Public Record #354087720

$1,710,000
04/30/2013

Sold

MFRMLS #A3966810

$1,710,000
04/08/2013

Pending

MFRMLS #A3966810

—
10/03/2012

Listed (Active)

MFRMLS #A3966810

$1,979,000
08/01/2012

Withdrawn

MFRMLS #A3960409

$1,979,000
05/03/2012

Listed (Active)

MFRMLS #A3960409

$1,979,000
05/02/2012

Withdrawn

MFRMLS #A3951284

$1,975,000
11/07/2011

Listed (Active)

MFRMLS #A3951284

$1,975,000
07/24/2011

Withdrawn

MFRMLS #A3923507

$2,435,000
03/25/2010

Listed (Active)

MFRMLS #A3923507

$2,485,000
05/15/2008

Expired

MFRMLS #A368666

$2,985,000
11/19/2007

Listed (Active)

MFRMLS #A368666

$2,985,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5056 Gulf Of Mexico Drive

Taxable ValueLand$2,830,500Additions$54,588Total$2,885,088
Tax Record2024$43,495 ($3,625 / month)
Home Facts
Beds3Baths2.5Total Finished SqFt3,819 SqFtAbove Grade Finished SqFt3,819 SqFtStories2Lot Size40,000 SqFtStyleSingle Family ResidenceYear Built1962ZoningLBK_R-1SFCountyMANATEEAPN79994.0000-0Fireplace TypeHas Fireplace

Schools near 5056 Gulf Of Mexico Drive

This home is within Manatee.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 12
Rating
School
Distance
Anna Maria Elementary School
PublicK to 5

Martha B. King Middle School
Public6 to 8

Bayshore High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of DEVELOPERS REALTY INC, Reid Murphy

The information is being provided in part by Southwest Florida Multiple Listing Service, Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2, and MarcoMls. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 Southwest Florida Multiple Listing Service and MarcoMls. All Rights Reserved. The data relating to real estate for sale displayed on this website comes in part from the Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2 and MarcoMls. Properties listed with brokerage firms other than Compass are marked with the "BR House" logo. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Naples MLS BR Program, or contained in the database compilation of Naples MLS.