Residential Active
5581 GULF OF MEXICO DRIVE,LONGBOAT KEY
5581 GULF OF MEXICO DRIVE
  • $15,500,000

Overview

  • Single Family Residence
  • Property Type
  • 2.02
  • Lot Acres
  • 11
  • Bedrooms
  • 10
  • Bathrooms
  • 8529
  • Square Feet
  • 1952
  • Year Built

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 !

$15,500,000
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Signature Collection Realty
  • Signature Collection Realty

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$104,134.57
Monthly
  • Down Payment $4,650,000.00
  • Loan Amount $10,850,000.00
  • Monthly Mortgage Payment $65,051.23
  • Property Tax $38,750.00
  • Home Insurance $83.33
  • Monthly HOA Fees $250.00
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Signature Collection Realty
  • Signature Collection Realty
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