$348,000
2850 Gulf Of Mexico Drive
Longboat Key, FL 34228
Listing updated: May 29, 2026 at 10:59 AM ET
Listing courtesy of Michael Saunders & Company · JoDene Moneuse, PA · MLS #A4691701 · Active · 941-383-7591Property type
Year built
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Own your slice of paradise on Longboat Key with this charming 1-bedroom, 1-bath condo located at 2850 Gulf of Mexico Dr Unit 5. Just directly across from public beach access, this 657 sq ft ground-floor unit is perfectly positioned for both personal enjoyment and strong rental income potential. Whether you're seeking a low-maintenance vacation escape or an income-generating property, this location checks all the boxes. Walk across the street to watch sunset on the sand, then stroll to Publix, Bayfront Park's tennis & pickleball courts, the library, or one of the island’s cozy dining spots. Everything your guests—or you—could want is right at your doorstep. The unit features a bright, open living space with tile flooring, a spacious bedroom, walk-in closet and parking. The well-maintained community offers low HOA fees and a relaxing island vibe that keeps guests coming back. Don’t miss out on this rare opportunity to own on Longboat Key—whether you're investing in your future or your lifestyle.
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 history30 days on market
- Status: ActiveApr 29, 2026
- Listed$368,500Apr 29, 2026
- Price reduced$348,000
Facts & features
- Property type
- Residential
- Sub type
- Condominium
- Status
- Active
- Days on market
- 30
- Subdivision
- Neptune On Longboat Key
- County
- Sarasota
- Year built
- 1967
- Living area
- 657 sq ft
- Price/sq ft
- $530
- Building area
- 700 sq ft (Public Records)
- Lot size
- 0 sq ft
- Flood zone
- AE (12115C0107G)
- Annual taxes
- $4,601 (2025)
- Parcel #
- 0005164005
- Zoning
- R2SF
- MLS #
- A4691701
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Interior Details
- Bedrooms
- 1
- Full bathrooms
- 1
- Flooring
- Tile
- Appliances
- Built-In Oven, Cooktop, Dishwasher, Electric Water Heater, Freezer, Ice Maker, Microwave, Refrigerator, Washer
- Interior features
- Crown Molding, Open Floorplan, Primary Bedroom Main Floor, Walk-In Closet(s), Window Treatments
- Laundry
- Common Area, Inside
- Stories / Levels
- One
- Direction faces
- East
Heating & Cooling
- Heating
- Electric
- Cooling
- Central Air
Parking
- Attached garage
- No
- Parking features
- Common
HOA & Financial
- Total monthly fees
- $500/mo
- Total annual fees
- $6,000
- HOA name
- Rachael Brown
- CDD
- No
- Min lease term
- 1 Month
- Listing terms
- Cash, Conventional
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- Yes
- Additional lease restrictions
- See Lease Restrictions
Exterior & Construction
- Exterior features
- Other
- Construction materials
- Block
- Roof
- Built-Up
- Foundation
- Slab
- Water access
- Yes
- Road surface
- Asphalt
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Electricity Available, Electricity Connected, Public, Water Available, Water Connected
Community
- Pets allowed
- Cats OK, Dogs OK, 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 |
|---|---|---|
| Primary Bedroom | First | |
| Kitchen | First | |
| Great Room | First |
Listing Details
- Listing date
- 2026-04-23
- On market date
- 2026-04-29
- Original list price
- $368,500
- Occupant type
- Vacant
- MLS area
- 34228 - Longboat Key
- Listing AOR
- Sarasota - Manatee
- Status changed
- 2026-04-29
- Tax legal description
- UNIT 5, NEPTUNE ON LONGBOAT KEY
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
From St. Armands Circle, head north on Gulf of Mexico Dr (Sr789). Continue approximately 7 miles. Property is on the right, just past the Publix Shopping Center and the Longboat Key Library.
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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 May 29, 2026 at 10:59 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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