5125 Gulf Of Mexico Drive, Unit 7
Longboat Key, FL 34228
$1,250,000
Price
2
Beds
2
Baths
961 Sq. Ft.
$1,301 / Sq. Ft.
961
Sq. Ft.
$1,301
per Sq. Ft.
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...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.
- Listed by Jesse Griffin • CENTURY 21 BEGGINS ENTERPRISES
Property Details for 5125 Gulf Of Mexico Drive, Unit 7
Architectural Style
Traditional
Subdivision NameSEAGRAPE INN
Township35
ViewWater
WaterfrontYes
Water ViewBeach, Gulf/Ocean to Bay
FurnishedFurnished
LISTING UPDATED: 12/08/2024 02:05 PM
Property Details for 5125 Gulf Of Mexico Drive, Unit 7
| Status | Active |
|---|---|
| MLS # | A4616212 |
| Days on Market | 173 |
| Taxes | $7,654 / year |
| HOA Fees | $7,069 / quarter |
| Condo/Co-op Fees | - |
| Compass Type | Condo |
| MLS Type | Residential / Condominium |
| Year Built | 1983 |
| County | Manatee County |
Building Information for 5125 Gulf Of Mexico Drive, Unit 7
Building/Complex5125 Gulf Of Mexico DrFloor-Stories2Residences-Pet Policy-Year Built1983
Property Information for 5125 Gulf Of Mexico Drive, Unit 7
Summary
Location and General Information
- Building Area Source: Public Records
- Building Area Total: 1024.0
- Building Area Units: Square Feet
- Building Name Number: N/A
- Community Features: Association Recreation - Owned, Deed Restrictions, Pool
- Direction Faces: South
- Directions: Gulf of Mexico Dr. to Seagrape Inn
- Elementary School: Anna Maria Elementary
- Middle Or Junior School: Martha B. King Middle
- High School: Bayshore High
- Floor Number: 2
- Mls Major Change Type: New Listing
- Major Change Type: New Listing
- Listing Service: Full Service
- Senior Community: No
- SW Subdiv Community Name: Seagrape Inn Condo
- Unit Number: No
- Street Number: 5125
- Street Name: GULF OF MEXICO
- Street Suffix: DRIVE
- Unit Number: 7
- State: FL
- City: LONGBOAT KEY
- Common Association Water Features: Gulf/Ocean Front, Waterfront
Parking
- Available For Lease: Yes
- Carport: No
- Garage: No
Taxes and HOA Information
- Association Approval Required: No
- Association Fee Includes: Community Pool, Escrow Reserves Fund, Maintenance Exterior, Maintenance Grounds, Maintenance Repairs, Manager, Sewer, Trash, Water
- Association Fee Requirement: Required
- Association Name: Seagrape Inn
- Association: Yes
- CDD: No
- Condo Land Included: No
- Montly Maint Amt Addition To HOA: $0
- Pet Restrictions: Buyer/Buyer's agent to verify
- Tax Book Number: 976-1255
- Tax Legal Description: UNIT 7 SEAGRAPE INN CONDO PI#79973.0040/0
- Tax Lot: 7
- Tax Year: 2023
Virtual Tour
- Virtual Tour URL Unbranded: https://www.propertypanorama.com/instaview/stellar/A4616212
Property
Lot Information
- Additional Parcels: No
- Additional Water Information: Private Beach Access. 101 Ft ownership of Gulf frontage
- Lot Features: CoastalConstruction Control Line, FloodZone, In City Limits, Near Marina, Sidewalk
- Parcel Number: 7997300400
- Water Access: Beach, Beach - Access Deeded
- Water Access: Yes
- Water Body Name: GULF OF MEXICO
- Water Extras: No
- Zoning: LBK_R-3MX
- Living Area: 961
- Property Info: Elevated, Mid Rise
Property and Assessments
- Year Built Numeric: 1983
- Association Amenities: Laundry, Maintenance, Storage
- Building Elevator: No
- Flood Zone Code: AE/VE
- Flood Zone Date: 08-10-2021
- Flood Zone Panel: 12081C0292F
- Homestead: No
- New Construction: No
- Property Condition: Completed
- Property Description: Elevated, Mid Rise
- Public Survey Range: 16
- Public Survey Section: 25
Utilities
- Sewer: Public Sewer
- Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Public, Street Lights, Underground Utilities
- Water Source: Public
Interior and Exterior Features
Exterior Features
- Construction Materials: Concrete, Stucco
- Exterior Features: Balcony, Hurricane Shutters, Irrigation System, Lighting, Outdoor Grill, Sidewalk, Sliding Doors
- Foundation Details: Block, Slab, Stem Wall
- Levels: One
- Other Structures: Storage
- Patio And Porch Features: Covered, Screened
- Pool Features: Gunite, Heated, In Ground
- Pool Private: Yes
- Pool: Private, Community
- Pool Private: Yes
- Roof: Membrane
- Vegetation: Mature Landscaping, Trees/Landscaped
- Waterfront Features: Beach
- Waterfront Feet Total: 101
- Number Of Stories: 2
Interior Features
- Bedrooms Total: 2
- Bathrooms Full: 2
- Appliances: Convection Oven, Dishwasher, Disposal, Electric Water Heater, Microwave, Range Hood, Refrigerator
- Cooling: Central Air
- Fireplace: No
- Flooring: Ceramic Tile, Luxury Vinyl
- Heating: Central
- Interior Features: Living Room/Dining Room Combo, Open Floorplan, Split Bedroom, Thermostat
- Laundry Features: Other
- Living Area Source: Public Records
- Living Area Units: Square Feet
- Room Count: 5.0
- Water View: Yes
- Window Features: Blinds
- Bathrooms Half: 0
Room 1
- Room Dimensions 1: 11x9
- Room Flooring 1: Luxury Vinyl
- Room Length 1: 9.0
- Room Level 1: First
- Room Type 1: Kitchen
- Room Width 1: 11.0
Room 2
- Room Dimensions 2: 15x17
- Room Flooring 2: Luxury Vinyl
- Room Length 2: 17.0
- Room Level 2: First
- Room Type 2: Living Room
- Room Width 2: 15.0
Room 3
- Room Dimensions 3: 14x12
- Room Flooring 3: Luxury Vinyl
- Room Length 3: 12.0
- Room Level 3: First
- Room Type 3: Primary Bedroom
- Room Width 3: 14.0
Room 4
- Room Dimensions 4: 14x12
- Room Flooring 4: Luxury Vinyl
- Room Length 4: 12.0
- Room Level 4: First
- Room Type 4: Bedroom 2
- Room Width 4: 14.0
Room 5
- Room Dimensions 5: 10x8
- Room Flooring 5: Concrete
- Room Length 5: 8.0
- Room Level 5: First
- Room Type 5: Balcony/Porch/Lanai
- Room Width 5: 10.0
Rental
Rental Information
- Minimum Lease Period: 0
- Pets Allowed: Yes
- Max Pet Weight: 101
Property History for 5125 Gulf Of Mexico Drive, Unit 7
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5125 Gulf Of Mexico Drive, Unit 7
Taxable ValueLand-Additions$726,750Total-
Tax Record2024$11,168 ($931 / month)
Home Facts
Beds2Baths1Total Finished SqFt961 SqFtAbove Grade Finished SqFt961 SqFtStories1StyleCondominiumYear Built1983ZoningLBK_R-3MXCountyMANATEEAPN79973.0040-0
Schools near 5125 Gulf Of Mexico Drive, Unit 7
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 | ||
State College Of Florida Collegiate School Charter6 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
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.
Homes for Sale near Longboat Key
Neighborhoods
Cities
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 CENTURY 21 BEGGINS ENTERPRISES, Jesse Griffin
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 2024 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.
