5055 Gulf Of Mexico Drive, FL

$565,000

5055 Gulf Of Mexico Drive

Longboat Key, FL 34228

Active
3
Beds
2
Baths
1,484
Sq Ft
5.58
Acres
1973
Built
WaterfrontWater access5.58 acres$381/sqft
Condominium

Property type

1973

Year built

242,907 sqft

Lot size

$381

Price / sq ft

No HOA

HOA dues

56

Days on market

AE

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

Principal & interest$2,857
Property taxes$682
Home insurance (est.)$259

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

  1. Status: Active
    Feb 26, 2026
  2. Listed$585,000
    Feb 26, 2026
  3. Price reduced$565,000

Virtual Tour

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

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

ElementaryAnna Maria ElementaryGreatSchools ↗
MiddleMartha B. King MiddleGreatSchools ↗
High SchoolBayshore HighGreatSchools ↗

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

RoomLevelDimensions
Living RoomFirst15x13
Dining RoomFirst12x13
KitchenFirst10x12
Primary BedroomFirst13x16
Bedroom 2First16x11
Bedroom 3First17x13

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

High riskFEMA Zone AEPanel 12081C0294F

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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MLS GRID

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.

Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA