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$398,000

  • For Sale
  • Active
  • Condo
  • 1 Bed
  • 1 Full Bath
  • 657 Sq. Ft.
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Turnkey Vacation Getaway or Smart Investment Opportunity! 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.

Full Property Details for 2850 Gulf of Mexico Dr #5

General

  • Price: $398,000
  • HOA FEE: $500/month
  • HOA FEE FREQ.: Quarterly
  • Taxes: $4,361 (2024)
  • Status: Active
  • Type: Condo
  • Source: MidFloridaRegionalMLS
  • MLS ID: A4660349
  • Updated: 9/4/2025
  • Added to Site: 171 day(s) ago

Rental Information

  • Min. Lease: 1 Month

Interior

  • Number of Rooms: 3
  • Interior Features: Crown Molding, Open Floorplan, Primary Bedroom Main Floor, Walk-In Closet(s), Window Treatments
  • Appliances: Built-In Oven, Cooktop, Dishwasher, Electric Water Heater, Freezer, Ice Maker, Microwave, Refrigerator, Washer
  • Flooring: Tile

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 1

Other Rooms

  • Laundry: Common Area, Inside

Additional Information

  • Security/Safety: Smoke Detector(s), Touchless Entry

Exterior

  • Exterior Features: Sliding Doors

Parking

  • Carport: 2
  • Carport Spaces: 2
  • Covered Spaces: 2
  • Parking Features: Common

Location

  • Area: 34228 - Longboat Key
  • County: Sarasota
  • Development Name: 34228 - Longboat Key
  • Subdivision: NEPTUNE ON LONGBOAT KEY
  • Driving Directions: From St. Armands Circle, head north on Gulf of Mexico Drive (SR 789) Continue approximately 7 miles. Property is on the right, just past the Publix shopping center and the Longboat Key Library.
  • Direction Faces: East

School Information

  • Elementary School: Southside Elementary
  • Middle School: Booker Middle
  • High School: Booker High

Community

  • Community Name: 34228 - Longboat Key
  • Community Features: Community Mailbox
  • Association: Yes
  • Assoc. Name: Rachel Brown
  • Assoc. Fees Include: Common Area Taxes, Electricity, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Maintenance Repairs, Manager, Pest Control, Trash, Water
  • Number of Pets: 2
  • Management Type: Part Time
  • Mgmt. Company: Part Time

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Electricity Available, Electricity Connected, Public, Street Lights, Water Available, Water Connected

Structural Information

  • Exterior Const.: Block
  • Roof: Built-Up
  • Windows: Insulated Windows, Shutters
  • Stories/Levels: One
  • Square Feet: 657
  • Sq. Ft. Source: Public Records
  • Year Built: 1967

Lot Features

  • Street/Road Desc.: Asphalt

Water Features

  • Water Access: Yes
  • Water Access Desc: Beach

Financial Considerations

  • Assoc Fee Desc.: None
  • Condo Fee: $1,500
  • Condo Fee Freq: Quarterly
  • Tax Amount: $4,361
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Condominium
  • Special Conditions: None
  • Legal Description: 5, Neptune on Longboat Key
  • Flood Zone Info: AE
  • APN: 5164005
  • Property ID: 5164005

Listed by Michael Saunders & Company

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Listing agent

— 2850 Gulf of Mexico Dr #5 —

  • Michael Saunders & Company

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 2850 Gulf of Mexico Dr #5

School District:Sarasota County School District
NameGradesDistance
Southside Elementary School, Sarasota, FL
1901 Webber Street, Sarasota, FL 34239
PK-57.1 mi
Booker Middle School
2250 Myrtle Street, Sarasota, FL 34234
6-86.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2850 Gulf of Mexico Dr #5 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/04/2025
Price Reduced
$398,000
-3.86%
MLS
8/15/2025
Price Reduced
$414,000
-2.36%
MLS
7/31/2025
Listed
$424,000
76.67%
MLS
6/04/2018
Sold
$240,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 2850 Gulf of Mexico Dr #5

Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,361
-1%
$341,400
-8%
2023
$4,408
39%
$372,500
77%
2021
$3,160
-23%
$210,900
-38%
2022
$4,088
29%
$340,200
79%
2021
$3,160
1%
$190,400
-8%
2019
$3,140
25%
$206,800
35%
2018
$2,507
18%
$153,733
-2%
2017
$2,123
7%
$156,200
8%
2016
$1,983
4%
$144,100
26%
2015
$1,905
9%
$113,982
10%
2014
$1,745
23%
$103,620
10%
2013
$1,413
—
$94,200
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 2850 Gulf of Mexico Dr #5

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Michael Saunders & Company

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2850 Gulf Of Mexico Dr #5, Longboat Key, FL 34228 (MLS# A4660349) is a Condo property with 1 bedroom and 1 full bathroom. 2850 Gulf Of Mexico Dr #5 is currently listed for $398,000 and was received on July 31, 2025. Want to learn more about 2850 Gulf Of Mexico Dr #5? Do you have questions about finding other Condo real estate for sale in Longboat Key? You can browse all Longboat Key real estate or contact a Coldwell Banker agent to request more information.

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