Date
Details
Price
Change
Source
4/30/2026
Sold
$14,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
Sought after slice of beachfront paradise on the exclusive island of Longboat Key. Rarely available 2 acre property with 200 feet of beach frontage on the Gulf of America. Currently it hosts a quaint inn featuring ten suites and one cottage, all had been renovated with timeless old Florida decor. The property is surrounded by tropical blooms , lush foliage, vine covered arbors, swaying palm trees, a private gazebo, and a heated swimming pool. Amazing opportunity for a new development, or alternatively a chance to easily bring the property back to its recent glory. The property has been approved to build two single family homes or a six unit luxury Condominium. This fantastic location is near the growing number of top restaurants and attractions . Walk to Harry's Euphemia Haye, Lazy Lobster, new local favorite Lo' Key or stroll over to the bay at Durante Park. All this is just a short drive to the renowned shopping, dining and cultural attractions of St Armands Circle, as wells Downtown Sarasota and Anna Maria Island. So many possibilities for this location, location , location !
Full Property Details
Full Property Details for 5581 Gulf of Mexico Dr
General
- Sold For: $14,000,000
- Taxes: $79,279 (2025)
- Status: Closed
- Type: Single Family
- Source: MidFloridaRegionalMLS
- MLS ID: A4690802
- Added to Site: 2 day(s) ago
Rental Information
- Min. Lease: 1-7 Days
Interior
- Number of Rooms: 4
- Interior Features: Ceiling Fan(s)
- Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater
- Furnishings: Furnished
- Flooring: Ceramic Tile
Rooms
Bathrooms
- Total Bathrooms: 22
- Full Bathrooms: 11
- Half Bathrooms: 11
Bedrooms
- Total Bedrooms: 10
Other Rooms
- Laundry: Common Area
Additional Information
- Pool: Yes
- Private Pool: Yes
- Pool Description: Heated, In Ground
Exterior
- Exterior Features: Balcony
Location
- Area: 34228 - Longboat Key
- County: Manatee
- Development Name: 34228 - Longboat Key
- Subdivision: LONGBOAT KEY
- Driving Directions: Gulf of Mexico to 5581
- Direction Faces: West
Community
- Community Name: 34228 - Longboat Key
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Connected, Electricity Connected
Structural Information
- Exterior Const.: Wood Frame
- Roof: Metal
- Stories/Levels: One
- Square Feet: 8,529
- Sq. Ft. Source: Public Records
- Living Area: 8,529 Sq. Ft.
- Year Built: 1952
Lot Features
- Lot Size (Acres): 2.02
- Lot Size (Sq. Ft.): 88,200
- Lot Size: 2.0248
- Lot Dimensions: 200 x 441
- Street/Road Desc.: Brick
Water Features
- Water Front: Yes
- Water Access: Yes
- Water Access Desc: Beach, Beach - Access Deeded
- Water Front Desc.: Beach
Financial Considerations
- Tax Amount: $79,279.73
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: ALL OF LOTS 11 & 12, LYING WLY OF JOHN RINGLING PKWY (100 FT WIDE, NOW KNOWN AS GULF OF MEXICO DR) OF A SUB ON LONGBOAT KEY, INSERT "TOGETHER WITH GRANTOR'S RIGHT, TITLE & INTEREST IN & TO LAND LYING BETWEEN THE WLY BDRY OF THE ABOVE DESC PROPERTY & THE MEAN HIGH WATER LN OF WATERS OF THE GULF OF MEXICO." (2152/4722) PI#79839.0005/9
- Flood Zone Info: AE
- APN: 7983900059
- Property ID: 7983900059
Listed by Developers Realty Lbk, Inc
Sold by Own Srq Llc
Listing agent
— 5581 Gulf of Mexico Dr —
Developers Realty Lbk, Inc
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 5581 Gulf of Mexico Dr
School District:Manatee County School District
| Name | Grades | Distance |
|---|---|---|
Anna Maria Elementary School 4700 Gulf Drive, Holmes Beach, FL 34217 | PK-5 | 6.9 mi |
Martha B. King Middle School 600 75th Street Northwest, Bradenton, FL 34209 | 6-8 | 6.4 mi |
Bayshore High School 5401 34th Street West, Bradenton, FL 34210 | 9-12 | 4.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5581 Gulf of Mexico Dr
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- Single Family
- Active
- Updated 15 hours ago
- 5Beds
- 3Total Baths
- 1,903Sq. Ft.
Listed by Arc Realty Group
- Single Family
- Active
- Updated 4 days ago
- 4Beds
- 2Total Baths
- 1,570Sq. Ft.
Listed by Blue Lighthouse Realty Inc
- Condo
- Active
- Updated 1 day ago
- 2Beds
- 2Total Baths
- 1,912Sq. Ft.
Listed by Sato Real Estate Inc.
- Single Family
- Active
- Updated 2 days ago
- 2Beds
- 3Total Baths
- 860Sq. Ft.
Listed by Premier Sotheby's International Realty
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- Single Family
- Active
- Updated 4 days ago
- 2Beds
- 2Total Baths
- 1,083Sq. Ft.
- Single Family
- Active
- Updated 3 days ago
- 7Beds
- 8Total Baths
- 2,502Sq. Ft.
Listed by Justin Finney (941) 960-9349
- Townhouse
- Active
- Updated 4 days ago
- 3Beds
- 3Total Baths
- 1,722Sq. Ft.
Listed by Michelle Musto (941) 809-3714
- Lots/Land
- Active
- Updated 4 days ago
- 0.16Acres
Listed by Compass Florida Llc
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- Single Family
- Closed
- 5Beds
- 6Total Baths
- 5,475Sq. Ft.
Listed by Michael Saunders & Company
Sold by Developers Realty Lbk, Inc
Sold by Developers Realty Lbk, Inc
- Single Family
- Closed
- 5Beds
- 7Total Baths
- 6,367Sq. Ft.
Listed by Turning Tides Realty, Llc
Sold by Compass Florida Llc
Sold by Compass Florida Llc
- Single Family
- Closed
- 5Beds
- 7Total Baths
- 6,752Sq. Ft.
Listed and Sold by Michael Saunders & Company
5581 Gulf Of Mexico Drive, Longboat Key, FL 34228 (MLS# A4690802) is a Single Family property that was sold at $14,000,000 on April 30, 2026. Want to learn more about 5581 Gulf Of Mexico Drive? Do you have questions about finding other Single Family 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.