Listing provided courtesy of DEVELOPERS REALTY LBK, INCas Distributed by MLSGrid- MLS# MFRA4677613MLS Provider

4995 GULF OF MEXICO DRIVE #500LONGBOAT KEY, FL 34228

Condo · 4 Beds · 3 Full Baths · 1 Half Bath · 3,344 Sq. ft. | 10.93 Acres
$5,695,000 Active

4995 GULF OF MEXICO DRIVE #500 Overview

Time on Site:
168 days
Visits:
12

Step right into the epitome of Florida beachfront luxury with this stunning first-floor Capri unit on Longboat Key. Nestled within the exclusive Positano community—an intimate 10-acre oasis of just 29 residences—this condo offers a seamless walkout straight to the pristine beach and the azure waters of the Gulf of Mexico. This is Florida living at its finest. The condo features a fantastic wrap-around terrace on the Gulf side, perfect for soaking in the outdoor splendor from morning coffee to sunset cocktails. The primary suite offers direct steps down to the private community pool, while additional terraces off the secondary bedrooms ensure both privacy and gorgeous views. Spanning a generous 3,343 square feet, this true three-bedroom, all en-suite residence boasts a Gulf-front gourmet kitchen with state-of-the-art appliances, an adjacent family gathering area, and an open-plan flow from the living room to the dining space. Floor-to-ceiling windows frame dramatic views of the Gulf and the beach, while beautiful porcelain tile floors, 10-foot ceilings, and crown molding add to the sense of refined elegance. You'll enjoy the convenience of a private, enclosed two-car garage and the exceptional amenities of the owner's club, including a state-of-the-art fitness center, catering kitchen, and a lounge with a fireplace, plasma TV, and surround sound. Outdoors, there's a 75-foot Olympic pool, spa, grilling area, and shaded cabanas, all set amidst lush tropical landscaping. Truly, this condo is as close to the beach as it gets on Longboat Key.

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4995 GULF OF MEXICO DRIVE #500 Facts & Features

  • Type Condo
  • Sq. ft. 3,344
  • Price/Sq.ft. $1,703
  • Lot 10.93 Acres

Details

General

Association/HOA

  • Association Fee 2: 0
  • Association Fee Frequency: Quarterly
  • Association Fee Includes: Guard - 24 Hour
  • Association Name: Teal White
  • Association Name 2: Positano
  • Association: Yes

Building Information

  • New Construction: No
  • Year Built: 2007

Location/Region

  • Country: US
  • County Or Parish: Manatee
  • MLS Area Major: 34228 - Longboat Key
  • Subdivision Name: POSITANO
  • Township: 35S

Community/Development

  • Community Features: Community Mailbox,Fitness Center,Gated Community - Guard,Pool

Tax Information

  • Tax Annual Amount: 47518.52
  • Tax Year: 2024

General Information

  • Furnished: Negotiable
  • Listing Terms: Cash,Conventional
  • Ownership: Condominium
  • Parcel Number: 8009701359
  • Pets Allowed: Cats OK,Dogs OK
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Senior Community: No
  • Special Listing Conditions: None
  • Zoning: GF

Interior

Parking Information

  • Garage Spaces: 2
  • Garage: Yes

Beds/Baths

  • Bathrooms Full: 3
  • Bathrooms Half: 1
  • Bathrooms Total: 4
  • Bedrooms Total: 4

Building Interior

  • Building Area Source: Public Records
  • Building Area Total: 4722
  • Building Area Units: Square Feet

General Information

  • Appliances: Dishwasher,Disposal,Dryer,Electric Water Heater
  • Cooling: Central Air
  • Fireplace: No
  • Flooring: Carpet,Tile
  • Foundation Details: Block,Slab
  • Heating: Central
  • Interior Features: Ceiling Fans(s),Eat-in Kitchen
  • Laundry Features: Laundry Room
  • Levels: One
  • Living Area: 3344
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Security Features: Fire Alarm,Gated Community,Key Card Entry,Security Gate,Security System,Security System Owned
  • Spa Features: Heated,In Ground
  • Spa: No
  • Stories Total: 1

Unit Information

  • Unit Number: 500

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Acres: 10.93
  • Lot Size Square Feet: 476011
  • Road Surface Type: Brick
  • Water Source: Public

Waterfront/View

  • View: Beach
  • Waterfront: No

Building Exterior/Construction

  • Attached Garage: Yes
  • Construction Materials: Block
  • Direction Faces: West
  • Roof: Other

General Information

  • Carport: No
  • Exterior Features: Balcony,Courtyard
  • Pool Features: Heated,In Ground
  • Pool Private: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Connected

Room Information

Room: Bedroom 2

  • Level: First

Room: Bedroom 3

  • Level: First

Room: Bonus Room

  • Level: First

Room: Dining Room

  • Level: First

Room: Great Room

  • Level: First
  • Dimensions: 16x22
  • Length: 22
  • Width: 16

Room: Kitchen

  • Level: First
  • Dimensions: 13x17
  • Length: 17
  • Width: 13

Room: Living Room

  • Level: First
  • Dimensions: 22x33
  • Length: 33
  • Width: 22

Room: Primary Bedroom

  • Level: First
  • Dimensions: 15x19
  • Length: 19
  • Width: 15

4995 GULF OF MEXICO DRIVE #500 Neighborhood

Community

34228 (LONGBOAT KEY) Demographics

71
Median Age
575
Population Density (per sq. mile)
71%
College Educated
$108,015
Estimated Median Income
3,741
Estimated Total Home Owners
198
Estimated Total Renters
95% / 5%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data unavailable, School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

4995 GULF OF MEXICO DRIVE #500 Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

4995 GULF OF MEXICO DRIVE #500 Market Data

Based on the last 30 days in this zip code

$1,987,350
Average List Price
$1,018
Average Price per Square Foot
63
Properties Sold
168
Average Days on Market
415
Properties for Sale
Calculations provided by Reliance Network

4995 GULF OF MEXICO DRIVE #500 History

Date Event Value Agent
5/11/2026Source: My Florida Regional MLS Price Reduction
$5,695,000 -3.4%
4/13/2026Source: My Florida Regional MLS Price Reduction
$5,895,000 -5.7%
2/23/2026Source: My Florida Regional MLS Price Reduction
$6,250,000 -3.8%
1/13/2026Source: My Florida Regional MLS Added to Database
January 13, 2026
10/14/2022Source: My Florida Regional MLS Added to Database
October 14, 2022
10/14/2022Source: My Florida Regional MLS Added to Database
October 14, 2022