Longboat Key, FL 34228,5125 GULF OF MEXICO DR #7

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Kristen Comstock

kristen@lhgnation.com +1(813) 291-0050

$1,250,000

Est. payment - /mo

2 Beds

2 Baths

961 SqFt

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Sun Nov 24, 12:00pm - 3:00pm

UPDATED:

11/21/2024 09:45 PM

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 961 sqft

Price per Sqft $1,300

Subdivision Seagrape Inn

MLS Listing ID A4616212

Bedrooms 2

Full Baths 2

HOA Fees $7,069/qua

HOA Y/N Yes

Originating Board Stellar MLS

Year Built 1983

Annual Tax Amount $7,654

Property Description

Exceptional Investment Opportunity: Turnkey Furnished Condo at Seagrape Inn** Discover an exceptional investment opportunity with this elegant, fully renovated, turnkey furnished condo in the exclusive boutique-style Seagrape Inn, a resort with only eight units. Nestled beachside on the beautiful Gulf of Mexico, the Seagrape Inn offers an idyllic setting for both personal use and rental income. Owners can enjoy unlimited personal usage while benefiting from a lucrative rental program managed by a professional on-site property manager, with no minimum rental restrictions. This condo promises potential annual revenue exceeding $106,000 currently, while still allowing ample personal use. The current owners have a profit and loss statement ready to share. The Seagrape Inn is meticulously maintained, featuring lush landscaping in an upscale tropical setting. Unit 7, located on the second floor, offers exceptional views of the ocean and pool. Relax on your screened lanai, enjoying the warm breeze with your morning coffee, afternoon cocktail, or a good book. Inside, the spacious open floor plan provides plenty of room to unwind, complete with all new, comfortable furniture and a flat-screen TV in the living area. The fully renovated interior boasts first-class materials and finishes throughout the entire space. Improvements made 2023/2024 include new luxury waterproof vinyl floors throughout, new interior paint, new doors and trim, a full kitchen renovation with new cabinets, granite countertops, and appliances. Both bathrooms have been fully renovated with new tiles, vanities, and showers. The primary bedroom features an inviting king-size bed, ample closet space, a flat-screen TV, and a recently remodeled bathroom. The second bedroom includes a queen-size bed, a flat-screen TV, and a recently remodeled bath as well. A new A/C unit was installed in 2021. This condo is sold fully turn-key furnished and, includes dedicated parking an owner's locker, and is conveniently located near restaurants and shops. The complex recently installed hurricane windows and doors. Amenities at Seagrape Inn include: - Private Entrance to Each Condo - Private Heated Pool - Private Beach Area with Lounge Chairs & Umbrellas - On-Site Laundry & Ice Machine - Upgraded Wi-Fi throughout the Resort - Cable TV - Gazebo with Gas BBQ Grill - Beach Towels & Linens Enjoy the extremely private, quiet, and serene atmosphere of this lovely condo, the perfect getaway to relax and enjoy spectacular Gulf sunsets while creating new memories. Don't miss this opportunity! ****Please note, the HOA quarterly fee includes the onsite Rental/CAM Managers salary. Beyond the CAM manager's responsibility of operations expense, upkeep, board meetings, financials, etc.. She also handles all Rental bookings, advertising, cleaning, receipts, ect…. BUT there is no commission owed or due for these rental agent services as it is already built into your quarterly hoa fee.****

Location

State FL

County Manatee

Community Seagrape Inn

Zoning LBK_R-3MX

Interior

Interior Features Living Room/Dining Room Combo, Open Floorplan, Split Bedroom, Thermostat

Heating Central

Cooling Central Air

Flooring Ceramic Tile, Luxury Vinyl

Furnishings Furnished

Fireplace false

Appliance Convection Oven, Dishwasher, Disposal, Electric Water Heater, Microwave, Range Hood, Refrigerator

Laundry Other

Exterior

Exterior Feature Balcony, Hurricane Shutters, Irrigation System, Lighting, Outdoor Grill, Sidewalk, Sliding Doors

Pool Gunite, Heated, In Ground

Community Features Association Recreation - Owned, Deed Restrictions, Pool

Utilities Available BB/HS Internet Available, Cable Available, Electricity Connected, Public, Street Lights, Underground Utilities

Amenities Available Laundry, Maintenance, Storage

Waterfront true

Waterfront Description Beach Front

View Y/N Yes

Water Access Yes

Water Access Desc Beach,Beach - Access Deeded

View Water

Roof Type Membrane

Porch Covered, Screened

Garage false

Private Pool Yes

Building

Lot Description CoastalConstruction Control Line, FloodZone, City Limits, Near Marina, Sidewalk

Story 2

Entry Level One

Foundation Block, Slab, Stem Wall

Sewer Public Sewer

Water Public

Architectural Style Traditional

Structure Type Concrete,Stucco

New Construction false

Schools

Elementary Schools Anna Maria Elementary

Middle Schools Martha B. King Middle

High Schools Bayshore High

Others

Pets Allowed Yes

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

Senior Community No

Ownership Fee Simple

Monthly Total Fees $2, 356

Acceptable Financing Cash, Conventional

Membership Fee Required Required

Listing Terms Cash, Conventional

Special Listing Condition None

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Listed by CENTURY 21 BEGGINS ENTERPRISES

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5125 GULF OF MEXICO DR #7 Longboat Key, FL 34228

Kristen Comstock

Kristen Comstock

OPEN HOUSE

Key Details

Location

Interior

Exterior

Building

Schools

Others

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5125 GULF OF MEXICO DR #7

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