4725 GULF OF MEXICO DR #308, Longboat Key, FL 34228

$699,000

Est. payment -/mo

$719,000

2.8%

Est.Price: ?

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2 Beds

2 Baths

1,104 SqFt

SOLD DATE : 10/11/2022

Key Details

Sold Price $699,000

Property Type Condo

Sub Type Condominium

Listing Status Sold

Purchase Type For Sale

Square Footage 1,104 sqft

Price per Sqft $633

Subdivision Sand Cay

MLS Listing ID A4540738

Sold Date 10/11/22

Bedrooms 2

Full Baths 2

Condo Fees $3,471

Construction Status Financing,Inspections

HOA Y/N No

Originating Board Stellar MLS

Year Built 1974

Annual Tax Amount $6,622

Property Description

Opportunity to invest in a vacation rental on Longboat Key that allows rentals with a 3-day minimum lease managed by on-site management. No cap on owner usage so you can also use it extensively yourself. This top-floor condominium with vaulted ceilings has updated bathrooms and tile flooring throughout. It even offers a peek of the Gulf from the sizable balcony. It comes turnkey furnished. Sand Cay is a beautiful Gulf-front beach resort with lush, tropical landscaping, tennis court, pool, shuffleboard, a barbecue area, lounge chairs and showers on the beach. No need to worry about the future. In 2008 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 condominium fees feeds a reserve fund. On-site management fees are 18 % if on-site management brings the guest and 15% if the owner provides a guest. Reported revenue in 2021 was $36,181. Zota Beach Resort with a bar and restaurant is next door. Publix, Walgreens, banks, post office and restaurants are close by on the Key. A 15-minute drive brings you to St. Armands Circle, a 20-minute drive to downtown Sarasota.

Location

State FL

County Manatee

Community Sand Cay

Zoning T6

Rooms

Other Rooms Inside Utility

Interior

Interior Features Ceiling Fans(s), High Ceilings, Living Room/Dining Room Combo, Thermostat, Vaulted Ceiling(s)

Heating Central, Electric

Cooling Central Air

Flooring Tile

Furnishings Turnkey

Fireplace false

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

Laundry Laundry Room, Outside

Exterior

Exterior Feature Balcony, Irrigation System, Lighting, Outdoor Grill, Sidewalk, Sliding Doors, Tennis Court(s)

Parking Features Assigned, Guest

Community Features Buyer Approval Required, Deed Restrictions, Pool, Sidewalks, Tennis Courts

Utilities Available Cable Connected, Electricity Connected, Street Lights, Underground Utilities, Water Connected

Amenities Available Cable TV, Laundry, Pool, Tennis Court(s)

Waterfront Description Beach - Public

View Y/N 1

Water Access 1

Water Access Desc Beach - Public,Gulf/Ocean

View Garden, Pool

Roof Type Built-Up

Porch Covered, Patio

Garage false

Private Pool No

Building

Lot Description FloodZone

Story 3

Entry Level One

Foundation Slab

Lot Size Range Non-Applicable

Sewer Public Sewer

Water Public

Architectural Style Other

Structure Type Stucco, Wood Frame

New Construction false

Construction Status Financing,Inspections

Schools

Elementary Schools Anna Maria Elementary

Middle Schools Martha B. King Middle

High Schools Bayshore High

Others

Pets Allowed No

HOA Fee Include Cable TV, Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Maintenance, Management, Sewer, Trash, Water

Senior Community No

Ownership Condominium

Monthly Total Fees $1, 157

Acceptable Financing Cash, Conventional

Membership Fee Required None

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 RE/MAX PREMIER REALTY

"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