$349,000
541 Spanish Drive
Longboat Key, FL 34228
Listing updated: June 1, 2026 at 1:54 PM ET
Listing courtesy of Community Realty Associates · Douglas Addeo · MLS #TB8496387 · Active · 561-852-1341Property type
Year built
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
1 Block from private beach, completely remodeled 1100 sq ft modernized condo with open concept and lot of windows. Custom kitchen, completely gutted and new insulation and drywall. Custom glass-walls, 3 A/C zones. Villa is in 55 plus community with private beach and marina, clubhouse, shuffle board, in peaceful LongBoat Key.
Local Insight
At $317/sqft for a 1968 villa in a 55+ community, you're getting an affordable entry point to Longboat Key's water-access lifestyle, but the AE flood zone classification means mandatory flood insurance costs that could significantly impact your true annual expenses—worth calculating before committing. The Spanish Main Yacht Club location gives you water access and an established community feel, though at 1,100 sqft you're in the smaller end of the market, which limits resale appeal compared to the larger estates typical of this island. Given the age and size, this works best as a seasonal or retirement pied-à-terre rather than an investment play, especially if you need room or modern systems.
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 history52 days on market
- Status: ActiveApr 10, 2026
- Listed$396,000Apr 10, 2026
- Price reduced$349,000
Facts & features
- Property type
- Residential
- Sub type
- Villa
- Status
- Active
- Days on market
- 52
- Subdivision
- Spanish Main Yacht Club Condo
- County
- Manatee
- Year built
- 1968
- Living area
- 1,100 sq ft
- Price/sq ft
- $317
- Lot size
- 0 sq ft
- Lot category
- Non-Applicable
- Flood zone
- AE (12081C0291F)
- Annual taxes
- $871 (2025)
- Parcel #
- 7902900005
- Zoning
- R3MX
- MLS #
- TB8496387
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Interior Details
- Bedrooms
- 2
- Full bathrooms
- 1
- Half bathrooms
- 1
- Flooring
- Concrete
- Appliances
- Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator
- Interior features
- Other
- Laundry
- Laundry Room
- Stories / Levels
- One
- Direction faces
- South
Heating & Cooling
- Heating
- Central, Natural Gas
- Cooling
- Central Air
Parking
- Parking features
- Covered, Driveway
- Carport
- Yes
HOA & Financial
- Total monthly fees
- $1,360/mo
- Total annual fees
- $16,320
- HOA name
- Unknown
- CDD
- No
- Listing terms
- Cash
- Ownership
- Condominium
- Available for lease
- No
- Lease restrictions
- Yes
- Additional lease restrictions
- Buyer to confirm and verify all Restrictions & Bylaws regarding Lease Restrictions and Other Restrictions
Exterior & Construction
- Exterior features
- Other
- Construction materials
- Block, Concrete, Stucco
- Roof
- Tile
- Foundation
- Slab
- Water access
- Yes
- Road surface
- Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Cable Available
Community
- Pets allowed
- Number Limit, Size Limit, Yes
- Senior community
- Yes
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | First | 12x12 |
| Great Room | First | 12x23 |
| Florida Room | First | 10x12 |
| Primary Bedroom | First | 14x12 |
| Bedroom 2 | First | 16x10 |
Listing Details
- Listing date
- 2026-04-09
- On market date
- 2026-04-10
- Original list price
- $396,000
- Occupant type
- Owner
- MLS area
- 34228 - Longboat Key
- Listing AOR
- Suncoast Tampa
- Status changed
- 2026-04-10
- Tax legal description
- UNIT 5 SPANISH MAIN YACHT CLUB CONDOMINIUM PI#79029.0000/5
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
5700 Gulf of Mexico Drive, Mid Island
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Listing provided by Stellar MLS
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 1, 2026 at 1:54 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.
All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.
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