4725 GULF OF MEXICO DR #212, Longboat Key, FL 34228

$439,000

Est. payment -/mo

$439,000

Est.Price: ?

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2 Beds

2 Baths

1,071 SqFt

SOLD DATE : 12/12/2019

Key Details

Sold Price $439,000

Property Type Condo

Sub Type Condominium

Listing Status Sold

Purchase Type For Sale

Square Footage 1,071 sqft

Price per Sqft $409

Subdivision Sand Cay A Condo

MLS Listing ID A4414979

Sold Date 12/12/19

Bedrooms 2

Full Baths 2

Condo Fees $3,129

Construction Status Inspections

HOA Y/N No

Year Built 1974

Annual Tax Amount $6,440

Lot Size 4.930 Acres

Acres 4.93

Property Description

Immaculate. 6.7 % cap rate in 2018. Plentiful booked for 2020 already. This extensively updated condo has a kitchen with granite countertops and contemporary cabinets, fully updated bathrooms with granite, tile flooring with sound insulation. New AC in 2017, new water heater 12/2018. This condo even offers a peek of the Gulf. The balcony is sizable and allows up to six to sit comfortably. It comes fully furnished and extremely well maintained. Sand Cay is a beautiful and immaculate Gulf-front beach resort with lush, tropical landscaping, tennis court, pool, shuffleboard, a barbecue area at the beach and its own private beach with lounge chairs and showers. This condo serves as a great investment since the association allows a three-night minimum stay and runs an on-site vacation rental management. Perfect investment. This unit has an amazing rental history with lots of repeat customers. The net operating income in 2018, even with 31 days of owner use, was $ 29,557 which yielded a 6.7 % cap rate. Excellent online reviews. No need to worry about the future: The whole building went through an extensive reconstruction. This included building anchoring, exterior walls, windows, doors, stairways, walkways and steel beams. The owner paid about $85,000 special assessment! Additionally, in 2016 a new metal roof was installed. In order to avoid special assessments in the future a big share of the condo fees feeds a reserve fund.

Location

State FL

County Manatee

Community Sand Cay A Condo

Zoning T6

Interior

Interior Features Ceiling Fans(s), Window Treatments

Heating Central, Electric

Cooling Central Air

Flooring Tile

Furnishings Furnished

Fireplace false

Appliance Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator

Laundry Outside

Exterior

Exterior Feature Balcony, Tennis Court(s)

Parking Features Assigned, Open

Community Features Buyer Approval Required, Deed Restrictions, Pool, Tennis Courts, Water Access, Waterfront

Utilities Available Cable Available, Electricity Connected, Public

Amenities Available Elevator(s), Laundry, Pool, Shuffleboard Court, Tennis Court(s)

Waterfront Description Gulf/Ocean

View Y/N 1

Water Access 1

Water Access Desc Gulf/Ocean

View Garden, Pool, Water

Roof Type Metal

Garage false

Private Pool No

Building

Lot Description FloodZone, City Limits, Level, Near Golf Course

Story 3

Entry Level One

Foundation Slab

Sewer Public Sewer

Water Public

Structure Type Stucco

New Construction false

Construction Status Inspections

Others

Pets Allowed No

HOA Fee Include Cable TV,Pool,Escrow Reserves Fund,Insurance,Maintenance Structure,Pest Control,Pool,Recreational Facilities,Trash

Senior Community No

Ownership Condominium

Monthly Total Fees $1, 043

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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Ricardo Simon

ricardo.simon@lptrealty.com +1(407) 476-6263

Our team is ready to help you sell your home for the highest possible price ASAP

Listed by PREMIER SOTHEBYS INTL REALTY
Bought with COLDWELL BANKER RES R E

"After my 14-year service to the U.S. NAVY, I have dedicated my life to the real estate industry for the last decade. Now, my mission is to provide you with a smooth and beneficial experience in buying or selling real estate in Central Florida. Call me to learn more."

+1(407) 476-6263

ricardo.simon@lptrealty.com