5581 Gulf Of Mexico Dr., Longboat Key, FL 34228 - A4641831 - iPro Real Estate

New Listing
For Sale

$15,500,000 $1,817.33 per sqft

Free Professional CMA

Listing ID : A4641831

  • Beds

    11
  • Baths

    9/2
  • Structure / Lot Size

    8,529 Sqft / 2 Acre
  • Year

    1952

Description

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 !

Details

Type: Single-Family Sale 
Subdivision: Longboat Key 
MLS Area: 34228 - Longboat Key 
County: Manatee 
Tax ID: 7983900059
Annual Taxes: $80,316
Building Size: 8,529 SqFt 
Pool: Yes
Days on Market: 1 
Appliances: Dishwasher, Disposal 
Cooling: Central Air 
Direction Faces: West 
Exterior Features: Balcony, Courtyard, French Doors 
Flooring: Porcelain Tile 
Foundation: Slab 
Heating: Central 
Interior Features: Ceiling Fan(s) 
Laundry: Outside 
Property Type: Residential Sale 
Roof: Metal 
Sub Type: Single Family Residence 
Utilities: Cable Connected, Electricity Connected 
Water Access: Beach, Beach - Access Deeded 
Water View: Beach 
Zoning: R3MX 

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27.412905 -82.660629 $15,500,000 A4641831
5581 Gulf Of Mexico Dr., Longboat Key, FL 34228
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Listed by Reid Murphy with DEVELOPERS REALTY LBK, INC