$725,000
5125 Gulf Of Mexico Drive
Longboat Key, FL 34228
Listing updated: June 4, 2026 at 4:02 PM ET
Property type
Year built
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Under contract-accepting backup offers. An exceptional opportunity to own a private family retreat on the pristine shores of Longboat Key—while generating rental income when you’re away. Located within the intimate beachfront enclave of Sea Grape Inn, this unique resort community offers just eight residences, creating a peaceful, uncrowded atmosphere rarely found on the island. Approved for daily, weekly, or monthly rentals, the property provides excellent flexibility for both personal enjoyment and investment potential. From the moment you arrive, the difference is clear. Each residence is thoughtfully appointed and lives more like a private coastal home than a typical vacation rental. This beautifully maintained condo features stone countertops, updated cabinetry, abundant appliances, and tile flooring throughout. The screened porch serves as a tranquil retreat—perfect for enjoying gentle Gulf breezes, spectacular sunsets, and lush tropical landscaping. Step outside to enjoy the heated beachfront pool overlooking the Gulf—an ideal setting for relaxing swims while taking in sweeping water views. The uncrowded beach is just beyond, with chairs provided for effortless seaside enjoyment. Additional amenities include on-site laundry, a BBQ gazebo area, beach towels, and internet service—everything needed for a seamless coastal getaway. Professional on-site management handles all rentals, marketing, cleaning, bookkeeping, and administrative details, offering truly turnkey ownership with no hidden charges. The residence is being offered turnkey furnished, ready for immediate enjoyment or continued rental success. Ideally situated near local restaurants, nature trails, parks with tennis and pickleball, and convenient shopping, this property combines privacy with accessibility. Financials are available upon request. The condo enjoys strong rental demand; showings will be accommodated with 24-hour notice and guest approval. Please contact the listing agent for availability. Life truly is better on Longboat Key!
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history435 days on market
- Status: PendingJun 4, 2026
- Listed$840,000Mar 24, 2025
- Price reduced$725,000
Virtual Tour
Facts & features
- Property type
- Residential
- Sub type
- Condominium
- Status
- Pending
- Days on market
- 435
- Subdivision
- Seagrape Inn
- County
- Manatee
- Year built
- 1983
- Living area
- 961 sq ft
- Price/sq ft
- $754
- Building area
- 1,024 sq ft (Public Records)
- Lot size
- 0 sq ft
- Lot category
- Non-Applicable
- Flood zone
- AE
- Annual taxes
- $3,448 (2025)
- Parcel #
- 7997300251
- Zoning
- R3MX
- MLS #
- A4645905
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Interior Details
- Bedrooms
- 2
- Full bathrooms
- 2
- Flooring
- Carpet, Tile
- Appliances
- Dishwasher, Disposal, Electric Water Heater, Exhaust Fan, Range, Refrigerator
- Interior features
- Ceiling Fans(s), Living Room/Dining Room Combo, Solid Surface Counters
- Laundry
- Common Area
- Stories / Levels
- One
- Direction faces
- South
Heating & Cooling
- Heating
- Central, Electric
- Cooling
- Central Air
Parking
- Parking features
- Assigned
HOA & Financial
- Total monthly fees
- $2,516/mo
- Total annual fees
- $30,196
- HOA name
- Contact Bobbie Banan
- CDD
- No
- Min lease term
- 1-7 Days
- Listing terms
- Cash
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- Yes
- Additional lease restrictions
- Minimum lease is four days.
Exterior & Construction
- Exterior features
- Sliding Doors
- Construction materials
- Concrete, Stucco
- Roof
- Membrane
- Foundation
- Slab
- Waterfront
- Yes
- Water access
- Yes
- Water view
- Yes
- Road surface
- Other
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- BB/HS Internet Available, Cable Connected, Electricity Connected, Underground Utilities, Water Connected
Community
- Pets allowed
- No
Schools
Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Living Room | First | 15x17 |
| Kitchen | First | 8x11 |
| Primary Bedroom | First | 12x14 |
| Primary Bathroom | First | |
| Bedroom 2 | First | 12x14 |
| Bathroom 2 | First |
Listing Details
- Listing date
- 2025-02-26
- On market date
- 2025-03-24
- Original list price
- $840,000
- Occupant type
- Tenant
- MLS area
- 34228 - Longboat Key
- Listing AOR
- Sarasota - Manatee
- Status changed
- 2026-06-04
- Tax legal description
- UNIT 4 SEAGRAPE INN CONDO PI#79973.0025/1
Flood risk
FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
North on Gulf of Mexico Drive to 5125. Driveway to Seagrape Inn is on your left (after the tennis court beside Club Longboat)
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of June 4, 2026 at 4:02 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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