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4725 Gulf Of Mexico Drive #212, Longboat Key, FL 34228
$439,000
4725 Gulf Of Mexico Drive #212, Longboat Key, FL 34228View this property at 4725 Gulf Of Mexico Drive #212, Longboat Key, FL 34228
4725 Gulf Of Mexico Drive #212Longboat KeyFL34228
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Property Description
Immaculate. 6.7 % cap rate in 2018. Plentiful booked for 2020 already. This extensively updated condo has a kitchen with granite countertops and contemporary cabinets, fully updated bathrooms with granite, tile flooring with sound insulation. New AC in 2017, new water heater 12/2018. This condo even offers a peek of the Gulf. The balcony is sizable and allows up to six to sit comfortably. It comes fully furnished and extremely well maintained. Sand Cay is a beautiful and immaculate Gulf-front beach resort with lush, tropical landscaping, tennis court, pool, shuffleboard, a barbecue area at the beach and its own private beach with lounge chairs and showers. This condo serves as a great investment since the association allows a three-night minimum stay and runs an on-site vacation rental management. Perfect investment. This unit has an amazing rental history with lots of repeat customers. The net operating income in 2018, even with 31 days of owner use, was $ 29,557 which yielded a 6.7 % cap rate. Excellent online reviews. No need to worry about the future: The whole building went through an extensive reconstruction. This included building anchoring, exterior walls, windows, doors, stairways, walkways and steel beams. The owner paid about $85,000 special assessment! Additionally, in 2016 a new metal roof was installed. In order to avoid special assessments in the future a big share of the condo fees feeds a reserve fund.
Full Property Details
Full Property Details for 4725 Gulf of Mexico Dr #212
General
- Sold For: $439,000
- HOA FEE: $1,043/month
- HOA FEE FREQ.: Quarterly
- Taxes: $6,440 (2018)
- Status: Closed
- Type: Condo
- MLS ID: A4414979
- Added to Site: 2, 031 day(s) ago
Rental Information
- Complex Features: Buyer Approval Required, Deed Restrictions, Pool, Tennis Courts, Water Access, Waterfront
- Approvals: Application
- Min. Lease: 1-7 Days
Interior
- Number of Rooms: 4
- Interior Features: Ceiling Fans(s), Window Treatments
- Appliances: Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator
- Furnishings: Furnished
- Flooring: Porcelain Tile
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
- Primary Bedroom: Master Bedroom - Ceramic Tile, 13 x 11, First
- Bedroom 2: Bedroom 2 - Ceramic Tile, 12 x 10, First
Other Rooms
- Living Room: Living Room - Ceramic Tile, 11 x 11, First
- Kitchen: Kitchen - Ceramic Tile, 8 x 8, First
- Laundry: Outside
Additional Information
- Shared Amenities: Elevators, Laundry, Pool, Shuffleboard Court, Tennis Court(s)
- Tennis: Yes
Exterior
- Exterior Features: Balcony, Tennis Court(s)
Parking
- Parking Features: Assigned, Open
Location
- Area: 34228 - Longboat Key
- County: Manatee
- Township: 35
- Subdivision: SAND CAY A CONDO
- Building Name: SAND CAY CONDO
- Driving Directions: Gulf of Mexico Dr. approximately mid island on the Gulf side. Use North entrance and park in guest spaces.
- Direction Faces: West
Community
- Community Name: Sand Cay A Condominium
- Assoc. Fees Include: Cable TV, Community Pool, Escrow Reserves Fund, Insurance, Maintenance Exterior, Pest Control, Pool Maintenance, Recreational Facilities, Trash
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central, Electric
Utilities
- Utility Description: Cable TV Available, Electricity Connected, Public
Structural Information
- Construction Status: Completed
- Exterior Const.: Stucco
- Roof: Metal
- Windows: Blinds
- Square Feet: 1,071
- Sq. Ft. Source: Public Records
- Year Built: 1974
Additional Structures
- Other Structures: Tennis Court(s)
Lot Features
- Property View: Garden, Pool, Water
- Lot Size (Acres): 4.93
- Lot Size (Sq. Ft.): 214,726
- Lot Features: FloodZone, In City Limits, Level/Flat, Near Golf Course;
- Zoning: T6
- Lot Description: Trees/Landscaped
Water Features
- Water Front: Yes
- Water View: Yes
- Water Access: Yes
- Water Access Desc: Gulf/Ocean
- Water Front Name: GULF OF MEXICO
- Water Front Desc.: Private Beach
Financial Considerations
- Condo Fee: $3,129
- Condo Fee Freq: Quarterly
- Tax Amount: $6,440
- Tax Year: 2018
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: None
- Legal Description: UNIT 212 SAND CAY CONDO PI#80088.0165/9
- Flood Zone Info: VE
- Disclosures/Reports: Condominium Disclosure Available, Lead Paint, Seller Property Disclosure
- APN: 8008801659
- Property ID: 8008801659
- Plat: 5-60
- Range: 16
- Lot Number: 212
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Schools
Schools serving 4725 Gulf of Mexico Dr #212
School District:Manatee County Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
4700 Gulf Dr, Holmes Beach, FL 34217 | K-5 | 8 mi | |
600 75th St Nw, Bradenton, FL 34209 | 6-8 | 7.2 mi | |
5401 34th St W, Bradenton, FL 34210 | 9-12 | 4.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4725 Gulf of Mexico Dr #212
Date
Details
Price
Change
Source
12/12/2019
Sold
$439,000
—
MLS
4/23/2019
Price Reduced
$439,000
-6.4%
MLS
2/12/2019
Price Reduced
$469,000
-6.01%
MLS
1/09/2019
Price Reduced
$499,000
-9.11%
MLS
10/03/2018
Listed
$549,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4725 Gulf Of Mexico Drive #212, Longboat Key, FL 34228 (MLS# A4414979) is a Condo property that was sold at $439,000 on December 12, 2019. This property was sold by Harriet Stopher from our Siesta Key Office.Want to learn more about 4725 Gulf Of Mexico Drive #212? 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.