$10,000 Closing Credit¹
#A4629803, Michael Renick PLLC, Listing Office: MANGROVE REALTY ASSOCIATES
$1,195,000 List price
1055 Gulf Of Mexico Dr Unit 402 Longboat Key, FL 34228
$10,000
Closing credit¹
2 beds
2 full
1,392 sqft
8.0 acres
$858 / sqft
Condo
Property details
About 1055 Gulf Of Mexico Dr Unit 402
One or more photo(s) has been virtually staged. This direct Gulf-front residence at Beachplace presents a rare opportunity to create your dream retreat in one of Longboat Key’s most desirable communities. Positioned to capture unobstructed views of the Gulf of Mexico, this two-bedroom getaway offers the ideal canvas for personal renovation, combining a beachfront lifestyle with outstanding rental potential. Step into a light-filled floorplan where the welcoming foyer flows into a spacious living and dining area, framed by new, impact walls of glass that draw in sweeping coastal vistas. The highlight of the home is the expansive beachfront terrace—perfect for savoring evening sunsets and refreshing Gulf breezes. The smartly designed split-bedroom layout provides ideal separation for hosting guests, with the primary suite offering direct access to the terrace, a spacious closet, and an en-suite bath. Whether reimagining this residence for personal use or income generation, the fundamental elements are already in place: a premier beachfront location, brand-new windows and doors, plus a generous square footage, with a layout that maximizes privacy and views. Additional conveniences include a rare combination of one coveted covered parking space and an additional outdoor spot, offering ease for seasonal residents or visitors. Beachplace is a sought-after Gulf-front community known for its pristine beachfront access and resort-style amenities. Residents enjoy a 24-hour staffed guard gate, on-site management, a newly refreshed clubhouse, tennis courts, a well-equipped fitness center, heated swimming pool, and spa—everything needed for the quintessential Florida lifestyle. Perfectly located on the southern end of Longboat Key, this residence is just moments from the Longboat Key Club’s golf and tennis facilities. Enjoy a quick drive to the convenience of Avenue of the Flowers shopping plaza or indulge in the world-class dining and boutique shopping of St. Armands Circle. For cultural outings, downtown Sarasota offers renowned theaters, galleries, and waterfront parks just minutes away.
Highlights
Home typeCondominium
HeatingCentral, Electric
StatusActive
CoolingCentral Air
Size1,392 sqft
Lot size7.98 Acres
Year built1981
ParkingDeeded, Ground Level, Guest
MLS #A4648196
Attached garage1 space
WaterfrontBeach, Gulf
ViewWater
Summary
- Full Bathrooms: 2
- Appliances: Dishwasher, Disposal, Range
- Flooring Type: Carpet, Tile
- Interior: Living Room/Dining Room Combo, Open Floorplan, Split Bedroom
- Total Bedroom Count: 2
- Garage Space: 1 space
- Attached Garage: Yes
- Private Pool: No
- Parking: Deeded, Ground Level, Guest
- Waterfront: Beach, Gulf
- View: Water
- Exterior: Balcony, Lighting, Sidewalk, Sliding Doors, Tennis Court(s)
- Architectural Style: Custom, Elevated
- Heating: Central, Electric
- Cooling: Central Air
- List Price: $1,195,000
- Price/SqFt: $858
- HOA Amount: $545
- HOA Frequency: Quarterly
- Annual Tax Amount: $2,217
- Tax Year: 2023
- Lot: Flood Zone, Landscaped, Near Golf Course, Near Marina, Oversized Lot, Private, Sidewalk
- Directions: Gulf of Mexico Dr to 1100 block. Community on Gulf (west) side. Through guard gate
- Year Built: 1981
- Stories: 6
- Living Area: 1,392 SqFt
- Lot Size: 7.98 Acres
- MLS Number: A4648196
- MLS Name: MFRMLS
- Office Name: COLDWELL BANKER REALTY
- Office Phone: (941) 383-6411
- Listing Agent: Roger Pettingell
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/11/2025, 1:19:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,195,000
1055 Gulf Of Mexico Dr Unit 402
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 26, 2024 | Home Sold | $696,736 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $681,840 | $2,217 |
| 2022 | $661,981 | $2,101 |
| 2021 | $642,700 | $2,101 |
| 2020 | $591,100 | $9,044 |
| 2019 | $594,600 | $8,906 |
| 2018 | $569,000 | $8,592 |
| 2017 | $612,400 | $9,310 |
History based on county public records data.
Nearby schools
7
Bay Haven School of Basics Plus
Public Magnet KG-5
3.4 mi
•2901 W Tamiami Cir
4
Emma E. Booker Elementary School
Public District PK-5
5.1 mi
•2350 Dr Martin Luther King Way
10
Southside Elementary School
Public District PK-5
5.1 mi
•1901 Webber St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $103,963. Typical income of Longboat Key, FL residents is less than $<35k annually. Residents typically live in married, no kids family. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
33%
<35k
15%
35k-100k
23%
100k-200k
29%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
34%
Single, No Kids
1%
Single, with Kids
63%
Married, No Kids
2%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
1%
<11 yrs old
1%
12-17 yrs old
1%
18-34 yrs old
26%
35-64 yrs old
71%
65+ yrs old
What do the neighbors do for fun?
PGA/LPGA
Men's Tennis
Hiking/backpacking
Where do the neighbors shop?
Chico's
Bloomingdales
Nordstrom Rack
Where do the neighbors go to eat?
Bonefish Grill
Chipotle
California Pizza Kitchen
What do the neighbors drive?
Cadillac
Lexus
Mazda
What do the neighbors listen to?
Classical
News
Rock
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1055 Gulf Of Mexico Dr Unit 402
The listing price of 1055 Gulf Of Mexico Dr Unit 402 property is $1,195,000.
The property 1055 Gulf Of Mexico Dr Unit 402 is a condo located in Longboat Key, Florida, 34228.
Active Listing: 1055 Gulf Of Mexico Dr Unit 402 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1055 Gulf Of Mexico Dr Unit 402 are: Bay Haven School of Basics Plus (GreatSchools Rating 7/10), Emma E. Booker Elementary School (GreatSchools Rating 4/10), Southside Elementary School (GreatSchools Rating 10/10), Sarasota School of Arts/Sciences (GreatSchools Rating 8/10), Booker Middle School (GreatSchools Rating 3/10), Suncoast School for Innovative Studies (GreatSchools Rating 5/10), Sarasota Military Academy (GreatSchools Rating 5/10), Booker High School (GreatSchools Rating 3/10), Sarasota High School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2023 is $2,217 (source: MLS/based on county public records data).
The last sale was on August 26, 2024 for $696,736 (source: MLS/tax record).
The property at 1055 Gulf Of Mexico Dr Unit 402 has 2 bedrooms and 2 bathrooms.
The property 1055 Gulf Of Mexico Dr Unit 402 is 1,392 SqFt (source: MLS/tax record).
The year of construction for 1055 Gulf Of Mexico Dr Unit 402 is 1981.
This home is located at 1055 Gulf Of Mexico Dr Unit 402 in Longboat Key, FL and zip code 34228. This 1,392 square foot home, which was built in 1981, sits on a 7.98 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 14, 2025 and is currently priced at $1,195,000.
While more than 1 listings in Longboat Key, FL in April 2025 were sold above asking price, there were more than 5 listings sold at asking price, and more than 38 were sold below. The inventory of homes for sale in Longboat Key, FL between March and April 2025 increased by 2.9%. In April 2025, listings were on the market for 66 days. During the same period, the median list price in this real estate market was $1,217,500.
From Rocket Homes Real Estate and based on county public records data.