$565,000
5055 Gulf Of Mexico Drive
Longboat Key, FL 34228
Listing updated: April 23, 2026 at 9:30 AM ET
Listing courtesy of Coldwell Banker Realty · Ryan Ackerman, PA · MLS #A4683419 · Active · 941-383-6411Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Discover an exceptional value opportunity in Club Longboat on Longboat Key, one of the island’s most desirable beachside communities known for its active lifestyle and resort style amenities. This three bedroom, two bathroom ground floor walkout residence is currently the least expensive unit in the community and presents a rare chance to create a fully customized coastal retreat. With a solid existing layout and desirable ground level access that enhances indoor / outdoor living, the residence offers tremendous flexibility. Buyers have the opportunity to redesign and expand the third bedroom to add additional square footage, whether to create a more spacious primary suite, an inviting guest retreat, or a dedicated office or flex space. The potential to transform this residence into a personalized showpiece is exceptional. Club Longboat is ideal for tennis, pickleball, and beach enthusiasts, offering eight Har Tru tennis courts with three lined for pickleball, two heated swimming pools, and 750 feet of private Gulf front beachfront complete with lounge chairs and umbrellas. The serene waterfront setting enhances the peaceful atmosphere and scenic surroundings. The residence includes a covered parking space directly in front of the unit along with abundant guest parking. On site management serves the 85 residences, providing convenience and peace of mind within a welcoming, all ages community. Owners enjoy a pet friendly environment with no weight restrictions and a flexible rental policy allowing one month minimum rentals up to twelve times per year, creating excellent income potential. Conveniently located near shopping and fine dining, this is a rare opportunity to secure a value driven property in an amenity rich Longboat Key beachfront community and make it entirely your own.
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 history56 days on market
- Status: ActiveFeb 26, 2026
- Listed$585,000Feb 26, 2026
- Price reduced$565,000
Facts & features
- Property type
- Residential
- Sub type
- Condominium
- Status
- Active
- Days on market
- 56
- Subdivision
- Club Longboat Beach & Tennis
- County
- Manatee
- Year built
- 1973
- Living area
- 1,484 sq ft
- Price/sq ft
- $381
- Lot size
- 242,907 sq ft
- Flood zone
- AE (12081C0294F)
- Annual taxes
- $8,183 (2024)
- Parcel #
- 7998102706
- Zoning
- R3MX
- MLS #
- A4683419
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Interior Details
- Bedrooms
- 3
- Full bathrooms
- 2
- Flooring
- Carpet, Ceramic Tile
- Appliances
- Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
- Interior features
- Living Room/Dining Room Combo, Primary Bedroom Main Floor, Solid Surface Counters
- Laundry
- Electric Dryer Hookup, Inside, Laundry Closet, Washer Hookup
- Stories / Levels
- One
- Direction faces
- North
Heating & Cooling
- Heating
- Central, Electric
- Cooling
- Central Air
Parking
- Parking features
- Assigned, Covered, Ground Level, Guest, Open, Basement
- Carport
- Yes
HOA & Financial
- Total monthly fees
- $1,947/mo
- Total annual fees
- $23,364
- HOA name
- Jon Riley
- CDD
- No
- Min lease term
- 1 Month
- Ownership
- Condominium
- Available for lease
- Yes
- Lease restrictions
- Yes
- Additional lease restrictions
- Tenants no pets. Please refer to Association documents.
- Approval process
- Application & fee. Refer to Association documents.
Exterior & Construction
- Exterior features
- Courtyard, Garden, Lighting, Sliding Doors, Tennis Court(s)
- Construction materials
- Block, Stucco
- Roof
- Other
- Foundation
- Slab
- Waterfront
- Yes
- Water access
- Yes
- Road surface
- Asphalt, Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Cable Available, Electricity Available, Public, Sewer Connected, Underground Utilities, Water Connected
Community
- Pets allowed
- Cats OK, Dogs OK, Number Limit, Yes
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 | 15x13 |
| Dining Room | First | 12x13 |
| Kitchen | First | 10x12 |
| Primary Bedroom | First | 13x16 |
| Bedroom 2 | First | 16x11 |
| Bedroom 3 | First | 17x13 |
Listing Details
- Listing date
- 2026-02-26
- On market date
- 2026-02-26
- Original list price
- $585,000
- Occupant type
- Owner
- MLS area
- 34228 - Longboat Key
- Listing AOR
- Sarasota - Manatee
- Status changed
- 2026-02-26
- Tax legal description
- UNIT 412 CLUB LONGBOAT BEACH & TENNIS CONDOMINIUM AMENDED PLAT PI#79981.0270/6
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
Longboat Key, take Gulf of Mexico Dr. to 5055 on the West/Gulf side. Turn right when entering complex to building 4. Park in any of the unmarked guest parking spaces.
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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 April 23, 2026 at 9:30 AM 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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