For sale
  • $15,500,000

    5581 Gulf Of Mexico Dr, Longboat Key, FL 34228

    11beds
    8,529sqft
    : 
    Single Family Residence
    Built in 1952
    2.02 Acres Lot
    $-- Zestimate®
    $1,817/sqft
    $-- HOA

    What's special

    Beachfront paradiseHeated swimming poolPrivate gazeboQuaint innLush foliageSwaying palm treesVine covered arbors
    Sought after slice of beachfront paradise on the exclusive island of Longboat Key. Rarely available 2 acre property with 200 feet of beach frontage on the Gulf of America. Currently it hosts a quaint inn featuring ten suites and one cottage, all had been renovated with timeless old Florida decor. The property is surrounded by tropical blooms , lush foliage, vine covered arbors, swaying palm trees, a private gazebo, and a heated swimming pool. Amazing opportunity for a new development, or alternatively a chance to easily bring the property back to its recent glory. The property has been approved to build two single family homes or a six unit luxury Condominium. This fantastic location is near the growing number of top restaurants and attractions . Walk to Harry's Euphemia Haye, Lazy Lobster, new local favorite Lo' Key or stroll over to the bay at Durante Park. All this is just a short drive to the renowned shopping, dining and cultural attractions of St Armands Circle, as wells Downtown Sarasota and Anna Maria Island. So many possibilities for this location, location , location !
    166 days
    on Zillow
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    961
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    16
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