LONGBOAT KEY, FL 34228 5581 GULF OF MEXICO DRIVE
$15,500,000
12 more
Presented By: DEVELOPERS REALTY LBK, INC with 941-799-9096. -
Beds • 11
Full/Half Baths • 9 / 2
SQFT • 8,529
Home Details
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 !
Presented By: DEVELOPERS REALTY LBK, INC with 941-799-9096. -
Interior Features for 5581 GULF OF MEXICO DRIVE
Bedrooms
Total Bedrooms11
Bathrooms
Half Baths2
Total Baths11
Other Interior Features
LivingAreaSourcepublic records
Air Conditioning Y/NYes
Fireplace Y/NNo
Flooringporcelain tile
Heating Y/NYes
Interior Amenitiesceiling fan(s)
Laundry Featuresoutside
General for 5581 GULF OF MEXICO DRIVE
Additional Parcels Description79846.0000/2
Additional Parcels Y/NYes
Appliancesdishwasher, disposal
Building Area Unitssquare feet
Carport Y/NNo
Citylongboat key
Construction Materialshardiplank type
Coolingcentral air
Countymanatee
Directionsgulf of mexico to 5581 on the beach
Facing Directionwest
Flood Zone Codeae
Full Baths9
Garage Y/NNo
HOANo
Heatingcentral
Land Lease Y/NNo
Lease Considered Y/NYes
Legal Descriptionall of lots 11 & 12, lying wly of john ringling pkwy (100 ft wide, now known as gulf of mexico dr) of a sub on longboat key, insert together with grantor's right, title & interest in & to land lying bet
Levelsone
Listing Termscash
Living Area Unitssquare feet
Lot Size Square Feet88200
Lot Size Unitsacres
MLS Area34228 - longboat key
Minimum Lease1-7 days
ModificationTimestamp2025-02-25t14:51:53.233z
New ConstructionNo
Occupancy Typevacant
Ownershipfee simple
Pool Featuresin ground
Property Subtypesingle family residence
Property Typeresidential
Roofmetal
STELLAR_InLawSuiteYNNo
Senior Community Y/NNo
Sewerprivate sewer
Standard Statusactive
Statusactive
Subdivision Namelongboat key
Tax Annual Amount80316.37
Tax Lot11 12
Tax Year2024
Total Rooms3
Utilitiescable connected, electricity connected
Water Access Typebeach, beach - access deeded
Water Access Y/NYes
Water Viewbeach
Water View Y/NYes
Waterfront Featuresbeach
Waterfront Y/NYes
Year Built1952
Zoningr3mx
Exterior for 5581 GULF OF MEXICO DRIVE
Building Area Total8529
Exterior Amenitiesbalcony, courtyard, french doors
Foundation Detailsslab
Lot Dimensions200 x 441
Lot Size Acres2.02
Lot Size Area2.0248
Private PoolYes
Road Surface Typeasphalt, brick
Water Sourcepublic
Additional Details
Price History
Jonathan Alsaka
Price
$15,500,000
MLS#A4641831
List Date
02/24/2025
Property Type
Single Family
Phone
(407) 765-9083