$1,020,000

5125 Gulf Of Mexico Dr Unit 7 Longboat Key, FL 34228

$10,000
Closing credit¹
2 beds
2 full
961 sqft
$1,061 / sqft
Condo

Property details

About 5125 Gulf Of Mexico Dr Unit 7

Nestled in the heart of Longboat Key, this exceptional two-bedroom, two-bathroom beachfront condo offers a rare blend of luxury, comfort, and high rental potential. Situated within the meticulously maintained Seagrape Inn, this turnkey furnished unit is an investor’s dream, boasting a potential gross annual revenue of $108,000 and a net operating income of $66,000. The Seagrape Inn's lush landscaping and upscale tropical ambiance create an idyllic setting along the stunning Gulf of Mexico, perfect for both personal enjoyment and income generation. Amenities at Seagrape Inn include a private entrance to each condo, a private heated pool, a private beach area with lounge chairs and umbrellas, on-site laundry and ice machine, upgraded Wi-Fi throughout the resort, cable TV, a gazebo with a gas BBQ grill, and beach towels and linens. Unit 7, perched on the second floor, provides breathtaking views of the ocean and the inviting pool below. Upon entry, the condo exudes sophistication, with a thoughtfully designed living space that seamlessly connects the living room, dining area, and upgraded kitchen. The kitchen, recently renovated to perfection, features new cabinets, countertops, recessed lighting, plumbing fixtures, and state-of-the-art appliances. The entire unit has been enhanced with new waterproof LVP flooring, fresh interior paint, and modern light fixtures, ensuring a contemporary and elegant aesthetic throughout. Both bedrooms are tastefully furnished, offering serene retreats after a day at the beach. The bathrooms have been completely remodeled, showcasing new vanities, tile work, shower doors, and plumbing fixtures. Step onto the screened balcony to savor unparalleled views of the ocean, pool, and lush greenery—a perfect spot to relax and soak in the tranquil surroundings. Beyond the condo's exquisite interior, significant exterior improvements have been made, including the installation of hurricane windows and doors, new deck waterproofing, and exterior painting. The convenience of a designated parking spot adds to the property’s appeal. Located in a prime area of Longboat Key, this condo provides easy access to the beach, Gulf, and nearby restaurants and shops. Whether you're seeking a lucrative investment or a luxurious personal retreat, this beachfront condo offers an extraordinary opportunity to experience the best of coastal living in an unparalleled location.

Highlights

Home typeCondominium
HeatingElectric
StatusActive
CoolingCentral Air
Size961 sqft
Year built1983
ParkingAssigned
MLS #N6136477
WaterfrontGulf
ViewWater

Virtual tour

Summary

  • MLS Number: N6136477
  • MLS Name: MFRMLS
  • Office Name: KELLER WILLIAMS ON THE WATER S
  • Office Phone: (941) 803-7522
  • Listing Agent: Patrick Brogley

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

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IDX 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: 3/3/2025, 10:49:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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bird's eye view featuring a water view and a view of the beach

$1,020,000

5125 Gulf Of Mexico Dr Unit 7

$10,000

closing credit¹

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Price information

Property sales

DateEventPrice
Mar 17, 2023
Home Sold
$850,000

Tax history

YearAssessmentProperty Tax
2023$739,500$7,653
2022$504,000$5,956
2021$415,000$5,956
2020$233,525$4,878
2018$375,000$4,032
2017$349,900$4,032

History based on county public records data.

Nearby schools

4

Bayshore Elementary School

Public District PK-5

4.2 mi

6120 26th St W

4

Sea Breeze Elementary School

Public District PK-5

4.7 mi

3601 71st St W

3

H. S. Moody Elementary School

Public District PK-5

4.7 mi

5425 38th Ave W

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $100,893. Typical income of Longboat Key, FL residents is between $35k-100k annually. Residents typically live in married, no kids family. Residents of this area typically have post secondary degree education.

How much money do the neighbors make?

14%
<35k
35%
35k-100k
32%
100k-200k
19%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

41%
Single, No Kids
0%
Single, with Kids
58%
Married, No Kids
1%
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
20%
35-64 yrs old
77%
65+ yrs old

What do the neighbors do for fun?

  • PGA/LPGAPGA/LPGA
  • Horse RacesHorse Races
  • Men's TennisMen's Tennis

Where do the neighbors shop?

  • Stein MartStein Mart
  • BloomingdalesBloomingdales
  • Chico'sChico's

Where do the neighbors go to eat?

  • Bonefish GrillBonefish Grill
  • LongHorn SteakhouseLongHorn Steakhouse
  • Dominos PizzaDominos Pizza

What do the neighbors drive?

  • LincolnLincoln
  • BuickBuick
  • LexusLexus

What do the neighbors listen to?

  • ClassicalClassical
  • Contemporary InspirationalContemporary Inspirational
  • NewsNews
All data provided by Home Junction and Claritas

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Frequently asked questions

About 5125 Gulf Of Mexico Dr Unit 7

This home is located at 5125 Gulf Of Mexico Dr Unit 7 in Longboat Key, FL and zip code 34228. This 961 square foot home was built in 1983. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since January 21, 2025 and is currently priced at $1,020,000.

Over 1 listings were sold over their listed price in February 2025 in Longboat Key, FL. In the same period over 24 listings were sold below the listed price and 1 listings were sold for the listed price. Between January and February 2025, Longboat Key, FL real estate market has seen increase in the number of listings by 16.9%. In February 2025, listings were on the market for 37 days. During the same period, the median list price in this real estate market was $1,260,000.

From Rocket Homes Real Estate and based on county public records data.

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