5270 Gulf of Mexico Dr, Unit 502

Longboat Key, FL 34228

$790,000
Last Sold Price
3
Beds
1,498 Sq. Ft.
$527 / Sq. Ft.
1,498
Sq. Ft.
$527
per Sq. Ft.

Description

This is a rare opportunity to own a turnkey furnished, corner unit condominium that offers unobstructed Bayfront views of Sarasota Bay! As soon as you step inside, the real hardwood floors that adorn both levels will catch your eye, adding a touch of warmth, sophistication, and coziness that is seldom found in beachfront communities. New HVAC system was just installed in February 2024. The spacious kitchen boasts ample counter space, and you can enjoy the serene bay scenery from either of the two...This is a rare opportunity to own a turnkey furnished, corner unit condominium that offers unobstructed Bayfront views of Sarasota Bay! As soon as you step inside, the real hardwood floors that adorn both levels will catch your eye, adding a touch of warmth, sophistication, and coziness that is seldom found in beachfront communities. New HVAC system was just installed in February 2024. The spacious kitchen boasts ample counter space, and you can enjoy the serene bay scenery from either of the two balconies. The screened-in balcony off the main bedroom provides a peaceful spot to unwind with a book in the evening. There are two bedrooms including the primary bedroom suite on the first floor with a private waterfront balcony. The primary bathroom features a double sink and a spacious walk-in closet. Upstairs, you find a beautifully furnished loft space with a glass partitioned balcony leading into a functional office area for your work-from-home activities. The upstairs also serves as a third en-suite bedroom with a full size bathroom and walk-in shower. Further amenities include a gym, heated pool, and Tennis/Pickleball court. The Banyan Bay Club has a private beach access with community lounge chairs to watch the sunset directly on the Gulf of Mexico and invites you to take a beach walk or a ocean swim. Nearby restaurants are within walking distance, and the beautifully manicured Joan Durante Park and Bayfront Park with their multiple Tennis and Pickleball courts and mile long nature pathway to explore all kinds of fish and wildlife. Longboat Key has an eleven mile walk path and bike path. This unit is ideally located for a car ride to Anna Maria Island, Saint Armand Circle with its great shopping and restaurants, or Sarasota for a night out on the town. Don’t miss out on this amazing opportunity to own a piece of paradise!
  1. Listed by Jens Pinkernell • Brokerage DRE #2035587 • DOUGLAS ELLIMAN
    P: (214)-876-4293 C: (214)-876-4293 jenspinkernell@gmail.com

Property Details for 5270 Gulf Of Mexico Drive, Unit 502

Architectural Style
Coastal
Subdivision Name
THE BANYAN BAY CLUB
Township
35S
Carport Spaces
1
View
Water
Waterfront
Yes
Water View
Bay/Harbor - Full
LISTING UPDATED: 04/19/2024 12:09 PM

Property Details for 5270 Gulf Of Mexico Drive, Unit 502

StatusSold
MLS #A4595629
Days on Market59
Taxes$9,084 / year
HOA Fees-
Condo/Co-op Fees$5,068 / quarter
Compass TypeSingle Family
MLS TypeResidential / Condo - Hotel
Year Built1974
CountyManatee County

Location

Listing Courtesy of DOUGLAS ELLIMAN, Jens Pinkernell

Sold By DOUGLAS ELLIMAN, Jens Pinkernell

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Building Information for 5270 Gulf Of Mexico Drive, Unit 502

Building/Complex5270 Gulf Of Mexico DrFloor-Stories2Pet Policy-Pet Policy DetailsYesYear Built1974Building Size-

Payment Calculator

$6,585 per month

30 year fixed, 6.845% Interest

Principal and Interest

$4,139

Property Taxes

$757

HOA Dues

$1,689

The Payment Calculator is for illustrative purposes only.

Property Information for 5270 Gulf Of Mexico Drive, Unit 502

Summary
Location and General Information
  • Building Area Source: Public Records
  • Building Area Total: 1498.0
  • Building Area Units: Square Feet
  • Building Name Number: THE BANYAN BAY CLUB
  • Community Features: Clubhouse, Fitness Center, Pool, Tennis Court(s)
  • Direction Faces: East
  • Directions: Drive to 5270 Gulf of Mexico Drive, turn into Banyan Bay Club (Bay-side). Drive to the end of development Unit 502, corner Unit on right.
  • Elementary School: Anna Maria Elementary
  • Middle Or Junior School: Martha B. King Middle
  • High School: Bayshore High
  • Floor Number: 2
  • Mls Major Change Type: Sold
  • Major Change Type: Closed
  • Listing Service: Full Service
  • Senior Community: No
  • SW Subdiv Community Name: Banyan Bay
  • Unit Number: No
  • Street Number: 5270
  • Street Name: Gulf Of Mexico
  • Street Suffix: DRIVE
  • Unit Number: 502
  • State: FL
  • City: LONGBOAT KEY
Parking
  • Carport: Yes
  • Garage: No
Taxes and HOA Information
  • Association Approval Required: No
  • Association Fee Requirement: Required
  • Association Name: Shane Raniere
  • Association: Yes
  • CDD: No
  • Management: On Site Property Manager
  • Montly Maint Amt Addition To HOA: $0
  • Number Of Pets: 0
  • Pet Restrictions: Owners only may have pets, no tenants or guests. The number shall not be a nuisance. See bylaws.
  • Pet Size: Small (16-35 Lbs.)
  • Tax Book Number: 5-18
  • Tax Legal Description: UNIT 502 ALSO 1/44TH INT IN COMMON ELEMENTS BANYAN BAY CLUB THE, A CONDO PI#79938.1175/6
  • Tax Lot: 0
  • Tax Year: 2023
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Property
Lot Information
  • Additional Parcels: No
  • Lot Features: Corner Lot, Landscaped
  • Parcel Number: 7993811756
  • Total Acreage: Non-Applicable
  • Water Access: Bay/Harbor, Beach
  • Water Access: Yes
  • Water Extras: No
  • Zoning: R4MX
  • Living Area: 1498
Property and Assessments
  • Year Built Numeric: 1974
  • Building Elevator: No
  • Flood Zone Code: AE
  • Homestead: No
  • New Construction: No
  • Property Condition: Completed
  • Public Survey Range: 16E
  • Public Survey Section: 25
  • Dock YN: Yes
  • Dock Description: Dock - Wood, Fish Cleaning Station
  • Dock Dimensions: 100 X 9
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Fiber Optics, Phone Available, Public, Street Lights, Underground Utilities, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block, Concrete, Stucco
  • Exterior Features: Balcony, Irrigation System, Lighting, Rain Gutters, Sliding Doors, Sprinkler Metered, Storage, Tennis Court(s)
  • Foundation Details: Slab
  • Levels: Multi/Split
  • Patio And Porch Features: Covered, Front Porch, Screened
  • Pool Features: In Ground, Lighting, Solar Heat, Solar Power Pump
  • Pool Private: Yes
  • Pool: Private, Community
  • Pool Private: Yes
  • Roof: Shingle
  • Vegetation: Mature Landscaping, Trees/Landscaped
  • Waterfront Features: Bay/Harbor
  • Waterfront Feet Total: 0
  • Number Of Stories: 2
Interior Features
  • Bedrooms Total: 3
  • Bathrooms Full: 3
  • Appliances: Bar Fridge, Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Freezer, Microwave, Range, Range Hood, Refrigerator, Washer
  • Cooling: Central Air, Humidity Control
  • Fireplace: No
  • Flooring: Parquet, Hardwood
  • Heating: Central
  • Interior Features: Built-in Features, Ceiling Fan(s), High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Vaulted Ceiling(s), Walk-In Closet(s)
  • Laundry Features: Laundry Closet
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Room Count: 7.0
  • Water View: Yes
  • Bathrooms Half: 0
Rental
Rental Information
  • Minimum Lease Period: 0
  • Pets Allowed: Yes
  • Max Pet Weight: 999

Property History for 5270 Gulf Of Mexico Drive, Unit 502

DateEvent & SourcePriceAppreciation
Apr 19, 2024

Sold (Public Record)

Public Record #1531996064

$790,000
Apr 19, 2024

Sold (Public Record)

Public Record #1537141580

$790,000
Apr 19, 2024

Sold

MFRMLS #A4595629

$790,000
Mar 16, 2024

Pending

MFRMLS #A4595629

Jan 17, 2024

Listed (Active)

MFRMLS #A4595629

$1,000,000
DateEvent & SourcePrice
04/19/2024

Sold (Public Record)

Public Record #1531996064

$790,000
04/19/2024

Sold (Public Record)

Public Record #1537141580

$790,000
04/19/2024

Sold

MFRMLS #A4595629

$790,000
03/16/2024

Pending

MFRMLS #A4595629

01/17/2024

Listed (Active)

MFRMLS #A4595629

$1,000,000

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

Public Records for 5270 Gulf Of Mexico Drive, Unit 502

Taxable ValueLand-Additions$790,500Total-
Tax Record2024$9,665 ($805 / month)
Home Facts
Beds3Baths2Total Finished SqFt1,498 SqFtAbove Grade Finished SqFt1,498 SqFtStories2StyleCondominiumYear Built1974ZoningLBK_R-4MXCountyMANATEEAPN79938.1175-6

Schools near 5270 Gulf Of Mexico Drive, Unit 502

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.

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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 DOUGLAS ELLIMAN, Jens Pinkernell

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.