Listing provided courtesy of MICHAEL SAUNDERS & COMPANYas Distributed by MLSGrid- MLS# MFRA4691701
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Request Info2850 GULF OF MEXICO DRIVE #5LONGBOAT KEY, FL 34228
Condo · 1 Bed · 1 Full Bath · 657 Sq. ft.$348,000
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2850 GULF OF MEXICO DRIVE #5 Overview
- Time on Site:
- 62 days
- Visits:
- 0
A renovated condo directly across from public beach access under $350,000. on Longboat Key? This is the one you've been looking for! Perfectly positioned for both personal enjoyment and strong rental income potential. Whether you're seeking a low-maintenance vacation escape or an income-generating property, this location checks all the boxes. Walk across the street to watch sunset on the sand, then stroll to Publix, Bayfront Park's tennis & pickleball courts, the library, or one of the island’s cozy dining spots. Everything your guests—or you—could want is right at your doorstep. The unit features a bright, open living space with tile flooring, a spacious bedroom, walk-in closet and parking. The well-maintained community offers low HOA fees and a relaxing island vibe that keeps guests coming back. Don’t miss out on this rare opportunity to own on Longboat Key—whether you're investing in your future or your lifestyle.
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2850 GULF OF MEXICO DRIVE #5 Facts & Features
- Type Condo
- Sq. ft. 657
- Price/Sq.ft. $530
Details
General
Association/HOA
- Association Fee Includes: Common Area Taxes,Electricity,Escrow Reserves Fund,Insurance,Maintenance Structure,Maintenance Grounds,Maintenance,Management,Pest Control,Trash,Water
- Association Name: Rachael Brown
- Association: No
School Information
- Elementary School: Southside Elementary
- Middle Or Junior School: Booker Middle
- High School: Booker High
Building Information
- New Construction: No
- Year Built: 1967
Location/Region
- Country: US
- County Or Parish: Sarasota
- MLS Area Major: 34228 - Longboat Key
- Subdivision Name: NEPTUNE ON LONGBOAT KEY
- Township: 36S
Community/Development
- Community Features: None,Street Lights
Tax Information
- Tax Annual Amount: 4600.84
- Tax Year: 2025
General Information
- Furnished: Turnkey
- Listing Terms: Cash,Conventional
- Ownership: Fee Simple
- Pets Allowed: Cats OK,Dogs OK,Yes
- Property Condition: Completed
- Property Sub Type: Condominium
- Property Type: Residential
- Senior Community: No
- Special Listing Conditions: None
- Zoning: R2SF
Interior
Parking Information
- Garage: No
Beds/Baths
- Bathrooms Full: 1
- Bathrooms Half: 0
- Bathrooms Total: 1
- Bedrooms Total: 1
Building Interior
- Building Area Source: Public Records
- Building Area Total: 700
- Building Area Units: Square Feet
General Information
- Appliances: Built-In Oven,Cooktop,Dishwasher,Electric Water Heater,Freezer,Ice Maker,Microwave,Refrigerator,Washer
- Cooling: Central Air
- Fireplace: No
- Flooring: Tile
- Foundation Details: Slab
- Heating: Electric
- Interior Features: Crown Molding,Open Floorplan,Primary Bedroom Main Floor,Walk-In Closet(s),Window Treatments
- Laundry Features: Common Area,Inside
- Levels: One
- Living Area: 657
- Living Area Source: Public Records
- Living Area Units: Square Feet
- Security Features: Smoke Detector(s),Touchless Entry
- Spa: No
- Stories Total: 2
- Window Features: Insulated Windows,Shutters
Unit Information
- Unit Number: 5
Exterior
Parking Information
- Parking Features: Common
Lot Information
- Additional Parcels: No
- Lot Features: FloodZone,City Limits,In County,Near Golf Course,Near Marina,Near Public Transit
- Lot Size Acres: 0
- Lot Size Dimensions: 0
- Lot Size Square Feet: 0
- Road Responsibility: Public Maintained Road
- Road Surface Type: Asphalt
- Water Source: Public
Waterfront/View
- Waterfront: No
Building Exterior/Construction
- Architectural Style: Florida
- Attached Garage: No
- Construction Materials: Block
- Direction Faces: East
- Patio And Porch Features: Porch,Screened
- Property Attached: No
- Roof: Built-Up
General Information
- Carport: No
- Exterior Features: Other
- Pool Private: No
- Sewer: Public Sewer
- Utilities: Electricity Available,Electricity Connected,Public,Water Available,Water Connected
Room Information
Room: Great Room
- Level: First
Room: Kitchen
- Level: First
Room: Primary Bedroom
- Level: First
2850 GULF OF MEXICO DRIVE #5 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
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.2850 GULF OF MEXICO DRIVE #5 Monthly Cost
2850 GULF OF MEXICO DRIVE #5 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
2850 GULF OF MEXICO DRIVE #5 History
| Date | Value | Agent |
|---|---|---|
| 5/29/2026Source: My Florida Regional MLS | $348,000 -5.6% |
|
| 4/29/2026Source: My Florida Regional MLS | April 29, 2026 |
|
| 10/14/2022Source: My Florida Regional MLS | October 14, 2022 |