An exceptional opportunity to own a private family retreat on the pristine shores of Longboat Key—while generating rental income when you’re away. Located within the intimate beachfront enclave of Sea Grape Inn, this unique resort community offers just eight residences, creating a peaceful, uncrowded atmosphere rarely found on the island. Approved for daily, weekly, or monthly rentals, the property provides excellent flexibility for both personal enjoyment and investment potential. From the moment you arrive, the difference is clear. Each residence is thoughtfully appointed and lives more like a private coastal home than a typical vacation rental. This beautifully maintained condo features stone countertops, updated cabinetry, abundant appliances, and tile flooring throughout. The screened porch serves as a tranquil retreat—perfect for enjoying gentle Gulf breezes, spectacular sunsets, and lush tropical landscaping. Step outside to enjoy the heated beachfront pool overlooking the Gulf—an ideal setting for relaxing swims while taking in sweeping water views. The uncrowded beach is just beyond, with chairs provided for effortless seaside enjoyment. Additional amenities include on-site laundry, a BBQ gazebo area, beach towels, and internet service—everything needed for a seamless coastal getaway. Professional on-site management handles all rentals, marketing, cleaning, bookkeeping, and administrative details, offering truly turnkey ownership with no hidden charges. The residence is being offered turnkey furnished, ready for immediate enjoyment or continued rental success. Ideally situated near local restaurants, nature trails, parks with tennis and pickleball, and convenient shopping, this property combines privacy with accessibility. Financials are available upon request. The condo enjoys strong rental demand; showings will be accommodated with 24-hour notice and guest approval. Please contact the listing agent for availability. Life truly is better on Longboat Key!
For sale
Price cut: $50K (2/16)
$725,000
5125 Gulf Of Mexico Dr Unit 4, Longboat Key, FL 34228
2beds
961sqft
Est.:
Condominium
Built in 1983
-- sqft lot
$-- Zestimate®
$754/sqft
$2,516/mo HOA
What's special
Gentle gulf breezesBeautifully maintained condoLush tropical landscapingSpectacular sunsetsBbq gazebo areaSweeping water viewsTile flooring throughout
- 388 days |
- 337 |
- 9 |
Zillow last checked:
Listing updated:
Listing Provided by:
Steve Nursey 941-356-7010,
MICHAEL SAUNDERS & COMPANY 941-388-4447,
Bobbie Banan 941-356-2659,
MICHAEL SAUNDERS & COMPANY
Source: Stellar MLS,MLS#: A4645905
Originating MLS: Sarasota - Manatee
Originating MLS: Sarasota - Manatee
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Features: Built-in Closet
- Level: First
- Area: 168 Square Feet
- Dimensions: 12x14
Bedroom 2
- Features: Built-in Closet
- Level: First
- Area: 168 Square Feet
- Dimensions: 12x14
Primary bathroom
- Features: Tub With Shower
- Level: First
Bathroom 2
- Features: Shower No Tub
- Level: First
Kitchen
- Features: Stone Counters
- Level: First
- Area: 88 Square Feet
- Dimensions: 8x11
Living room
- Features: Ceiling Fan(s)
- Level: First
- Area: 255 Square Feet
- Dimensions: 15x17
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Electric Water Heater, Exhaust Fan, Range, Refrigerator
- Laundry: Common Area
Features
- Ceiling Fan(s), Living Room/Dining Room Combo, Solid Surface Counters
- Flooring: Carpet, Tile
- Doors: Sliding Doors
- Windows: Storm Window(s), Window Treatments
- Has fireplace: No
Interior area
- Total structure area: 1,024
- Total interior livable area: 961 sqft
Video & virtual tour
Property
Parking
- Parking features: Assigned
Features
- Levels: One
- Stories: 1
- Patio & porch: Porch, Screened
- Pool features: Heated, In Ground
- Has view: Yes
- View description: Water, Gulf/Ocean - Partial
- Has water view: Yes
- Water view: Water,Gulf/Ocean - Partial
- Waterfront features: Waterfront, Gulf/Ocean, Beach Access, Gulf/Ocean Access
- Body of water: GULF OF MEXICO
Lot
- Features: Flood Insurance Required, FloodZone, Landscaped
- Residential vegetation: Mature Landscaping
Details
- Parcel number: 7997300251
- Zoning: R3MX
- Special conditions: None
Construction
Type & style
- Home type: Condo
- Architectural style: Florida
- Property subtype: Condominium
Materials
- Concrete, Stucco
- Foundation: Slab
- Roof: Membrane
Condition
- New construction: No
- Year built: 1983
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: BB/HS Internet Available, Cable Connected, Electricity Connected, Underground Utilities, Water Connected
Community & HOA
Community
- Features: Waterfront, Pool
- Pet fee: $0 monthly
- Subdivision: SEAGRAPE INN
HOA
- Has HOA: No
- Amenities included: Cable TV, Clubhouse, Laundry, Maintenance, Pool
- Services included: Cable TV, Community Pool, Reserve Fund, Insurance, Maintenance Structure, Maintenance Grounds, Manager, Pest Control, Pool Maintenance, Sewer, Trash, Water
- HOA fee: $2,516 monthly
- HOA name: Contact Bobbie Banan
- HOA phone: 941-356-2659
Location
- Region: Longboat Key
Financial & listing details
- Price per square foot: $754/sqft
- Tax assessed value: $726,750
- Annual tax amount: $3,447
- Date on market: 3/24/2025
- Cumulative days on market: 389 days
- Listing terms: Cash
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Other
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 2/16/2026 | Price change | $725,000-6.5%$754/sqft |
Source:  Stellar MLS #A4645905 Report a problem | ||
| 9/25/2025 | Price change | $775,000-7.7%$806/sqft |
Source: Stellar MLS #A4645905 Report a problem | ||
| 3/24/2025 | Listed for sale | $840,000+90.9%$874/sqft |
Source: Stellar MLS #A4645905 Report a problem | ||
| 3/5/2004 | Sold | $440,000+76.7%$458/sqft |
Source: Public Record Report a problem | ||
| 2/25/2000 | Sold | $249,000$259/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7,545 +0.2% | $327,225 +10% |
| 2023 | $7,529 +28.9% | $297,477 +10% |
| 2022 | $5,842 +10.5% | $270,434 +10% |
| 2021 | $5,288 +4.4% | $245,849 +10% |
| 2020 | $5,063 +5.7% | $223,499 +10% |
| 2019 | $4,790 | $203,181 -45.8% |
| 2018 | $4,790 +5.1% | $375,000 +15.4% |
| 2017 | $4,557 +97.9% | $325,000 +87.3% |
| 2016 | $2,303 | $173,500 +25% |
| 2015 | $2,303 | $138,775 +5% |
| 2014 | $2,303 +7.5% | $132,166 +3% |
| 2013 | $2,141 +214017% | $128,317 -15% |
| 2012 | $1 | $150,961 -32% |
| 2011 | $1 | $222,001 -0.1% |
| 2010 | -- | $222,294 -17% |
| 2009 | $4,531 -12.1% | $267,824 -14% |
| 2008 | $5,157 -13% | $311,423 -12% |
| 2007 | $5,925 -15.6% | $353,890 -10% |
| 2006 | $7,024 +4.9% | $393,211 +9% |
| 2005 | $6,695 +6.8% | $360,744 +9% |
| 2004 | $6,269 +27.2% | $331,043 +32% |
| 2003 | $4,928 +6.7% | $250,791 +10% |
| 2002 | $4,617 +10.1% | $227,992 +10% |
| 2001 | $4,195 +2.8% | $207,264 +5% |
| 2000 | $4,082 | $197,393 |
Find assessor info on the county website
Monthly payment
Est. payment
$6,914/mo
Principal & interest
$3510
HOA Fees
$2516
Property taxes
$888
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Climate risks
Neighborhood: 34228
Nearby schools
GreatSchools rating
- 8/10Anna Maria Elementary SchoolGrades: K-5Distance: 7.5 mi
- 4/10Martha B. King Middle SchoolGrades: 6-8Distance: 6.9 mi
- 2/10Bayshore High SchoolGrades: 9-12Distance: 4.6 mi
Schools provided by the listing agent
- Elementary: Anna Maria Elementary
- Middle: Martha B. King Middle
- High: Bayshore High
Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Florida
- Manatee County
- Longboat Key
- 34228
- 5125 Gulf Of Mexico Dr Unit 4
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