$724,900
4725 Gulf Of Mexico Drive
Longboat Key, FL 34228
Listing updated: June 24, 2026 at 8:53 PM ET
Listing courtesy of Coldwell Banker Realty · Michael Albano, PA · MLS #A4673798 · Active · 941-383-6411Property type
Year built
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Welcome to Sand Cay Beach Resort—one of Longboat Key’s premier vacation destinations. VACATION WHEN YOU WANT - GENERATE INCOME WHEN YOU DON'T - TURNKEY GULF-SIDE INVESTMENT WITH REAL RETURNS. Rarely available third-floor condo truly impresses with soaring vaulted ceilings exclusive to top-floor residences, a beautifully updated kitchen, and tasteful coastal-inspired finishes throughout. A well-established vacation rental with a strong income history, this property is an ideal opportunity for both personal enjoyment and investment. Nestled within an intimate beachfront community offering 340 feet of pristine Gulf frontage, Sand Cay provides an exceptional resort-style experience. Residents and guests enjoy first-class amenities including tennis courts, shuffleboard, a heated pool, basketball area, barbecue stations, a full-time on-site manager, and a convenient in-house rental program. Perfectly located, the resort is just minutes from the boutique shops and fine dining of St. Armands Circle and the vibrant arts and cultural attractions of downtown Sarasota. Light and bright, this third-floor garden-view condo is ideally situated between the pool and the beach. The inviting floor plan features two bedrooms, two bathrooms, a spacious living and dining area, an updated and fully equipped kitchen, a cozy den/office nook, and a private balcony with an awning—ideal for morning coffee or unwinding after a day by the Gulf. Your slice of Longboat Key paradise awaits. Schedule your showing today.
Local Insight
This 1974 waterfront condo is priced well below the luxury island average, which makes sense given its age and modest square footage, but you're paying $657/sqft for a property that will require serious scrutiny on structural condition, building reserves, and what "water access" actually means—whether that's prime Gulf frontage or a bay view matters enormously on Longboat Key. The no-HOA situation is unusual and appealing for someone wanting to avoid association fees, but also means you're entirely responsible for your unit's maintenance and any building-level repairs, which on a 50-year-old waterfront structure could get expensive fast. Check the flood zone designation carefully (X500) and verify insurance costs, as older waterfront properties in Florida face increasingly tight underwriting despite favorable flood ratings.
AI-generated insight based on listing data and neighborhood context. Verify independently.
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 history200 days on market
- Status: ActiveDec 6, 2025
- Listed$829,000Dec 6, 2025
- Price reduced$724,900
Facts & features
- Property type
- Residential
- Sub type
- Condominium
- Status
- Active
- Days on market
- 200
- Subdivision
- Sand Cay
- County
- Manatee
- Year built
- 1974
- Living area
- 1,104 sq ft
- Price/sq ft
- $657
- Flood zone
- X500
- Annual taxes
- $10,125 (2024)
- Parcel #
- 8008802756
- Zoning
- T6
- MLS #
- A4673798
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Interior Details
- Bedrooms
- 2
- Full bathrooms
- 2
- Flooring
- Ceramic Tile
- Appliances
- Built-In Oven, Cooktop, Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
- Interior features
- Cathedral Ceiling(s), High Ceilings, Solid Wood Cabinets, Stone Counters, Window Treatments
- Laundry
- Other
- Stories / Levels
- One
- Direction faces
- East
Heating & Cooling
- Heating
- Central
- Cooling
- Central Air
Parking
- Attached garage
- No
HOA & Financial
- Total monthly fees
- $1,467/mo
- Total annual fees
- $17,600
- HOA name
- Heather Diggens
- CDD
- No
- Min lease term
- 1-7 Days
- Ownership
- Condominium
- Available for lease
- Yes
- Lease restrictions
- Yes
- Additional lease restrictions
- 3 NIGHT MIN, VACATION RENTAL TO GO THRU IN-HOUSE MGT CO FOR 18% MGT FEE, DISCOUNTED TO 15% IF OWNER PROVIDES TENANT
- Approval process
- Application and Manager approval.
Exterior & Construction
- Exterior features
- Balcony, Sliding Doors, Tennis Court(s)
- Construction materials
- Stucco
- Roof
- Metal
- Foundation
- Slab
- Waterfront
- Yes
- Water access
- Yes
- Road surface
- Asphalt
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
Community
- Pets allowed
- No
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Primary Bedroom | First | 13x11 |
| Bedroom 2 | First | 12x10 |
| Dining Room | First | 13x7 |
| Family Room | First | 15x13 |
| Kitchen | First | 11x7 |
| Living Room | First | 11x11 |
Listing Details
- Listing date
- 2025-12-06
- On market date
- 2025-12-06
- Original list price
- $829,000
- Occupant type
- Vacant
- MLS area
- 34228 - Longboat Key
- Listing AOR
- Sarasota - Manatee
- Status changed
- 2025-12-06
- Tax legal description
- UNIT 314 SAND CAY CONDO PI#80088.0275/6
Flood risk
Moderate-risk area (0.2% annual-chance / “500-year” floodplain). Flood insurance is recommended but usually not required.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
From south Longboat Key drive north on Gulf of Mexico past Ace Hardware approx 1 mile and Resort will be on your left. 4725 Gulf of Mexico Drive.
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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 24, 2026 at 8:53 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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