#A4640075, Reid Murphy, Listing office: DEVELOPERS REALTY LBK, INC
$1,950,000 List price
540 Gulf Bay Rd Longboat Key, FL 34228
3 beds
3 full, 1 partial
1,880 sqft
0.3 acres
$1,037 / sqft
House
Property details
About 540 Gulf Bay Rd
SPECTACULAR LONGBOAT KEY BEACH COMPOUND WITH DEEDED ACCESS TO THE GULF OF MEXICO! This FULLY ELEVATED beach home has been meticulously maintained, offers top of the line finishes, and is located just a short 4 minute walk with PRIVATE DEEDED BEACH ACCESS to the sparkling waters of the Gulf on LONGBOAT KEY! Surrounded by Joan Durante Park, this property offers the ultimate in privacy and seclusion. With a spacious 1880 conditioned square feet, 3 bedrooms, 3 full bathrooms plus a pool bath, this unique property is sprawled across TWO FULL LOTS, and offers a private resort like heated inground pool, fabulous TIKI BAR, multiple outdoor decks, and TONS of room for outdoor activities. Top of the line Verona commercial kitchen appliances, huge island, and a generous use of marble and quartz counters throughout. Gorgeous White Oak distressed hardwood floors and many unique architectural features including a two story cupola / crow's nest. Professionally landscaped with full outdoor lighting package which sets an enchanting evening mood across the entire property. Huge garage space downstairs has been fully lined with indoor/outdoor carpret and makes for a great recreational area. In addition, this stunning property is being offered fully furnished with a unique collection of carefully curated art and furniture pieces. No expense was spared to create this amazing island masterpiece--offering every amenity, this home offers absolute comfort and luxury!
Highlights
Home typeSingle Family Residence
HeatingCentral
StatusActive
CoolingCentral Air
Size1,880 sqft
Lot size0.31 Acres
Year built1993
MLS #TB8388618
Attached garage4 spaces
ViewGarden, Trees/Woods
Private poolYes
Virtual tour
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 3
- Appliances: Bar Fridge, Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Ice Maker, Microwave, Range, Range Hood, Refrigerator, Washer
- Flooring Type: Hardwood
- Interior: Built-in Features, Cathedral Ceiling(s), Ceiling Fans(s), Crown Molding, Eat-in Kitchen, High Ceilings, Open Floorplan, Primary Bedroom Main Floor
- Total Bedroom Count: 3
- Garage Space: 4 spaces
- Attached Garage: Yes
- Private Pool: Yes
- View: Garden, Trees/Woods
- Exterior: French Doors, Lighting, Outdoor Kitchen, Outdoor Shower
- Architectural Style: Coastal, Contemporary, Key West
- Heating: Central
- Cooling: Central Air
- List Price: $1,950,000
- Price/SqFt: $1,037
- HOA Amount: $0
- Annual Tax Amount: $19,193
- Tax Year: 2023
- Lot: Cul-De-Sac
- Directions: South on Gulf of Mexico Dr from Anna Maria Island for approximately 3 miles. Turn left on Gulf Bay Road. Subject property on right hand side at 540 Gulf Bay Road.
- Year Built: 1993
- Living Area: 1,880 SqFt
- Lot Size: 0.31 Acres
- MLS Number: TB8388618
- MLS Name: MFRMLS
- Office Name: PINEYWOODS REALTY LLC
- Office Phone: (813) 225-1890
- Listing Agent: Brett Coady
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Last updated on: 7/30/2025, 11:49:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jan 26, 2022 | Home Sold | $1,375,000 |
| Jun 01, 2021 | Home Sold | $850,000 |
| Aug 20, 1999 | Home Sold | $210,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $1,206,499 | $19,193 |
| 2022 | $755,770 | $12,439 |
| 2021 | $539,985 | $12,439 |
| 2020 | $477,977 | $8,448 |
| 2018 | $421,376 | $6,427 |
| 2017 | $408,428 | $6,427 |
History based on county public records data.
Nearby schools
4
Sea Breeze Elementary School
Public District PK-5
4.3 mi
•3601 71st St W
4
Bayshore Elementary School
Public District PK-5
4.3 mi
•6120 26th St W
3
H. S. Moody Elementary School
Public District PK-5
4.5 mi
•5425 38th Ave W
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 $107,407. Most Longboat Key, FL residents have annual incomes between $100k-200k. Typical family type is married, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
16%
<35k
31%
35k-100k
35%
100k-200k
18%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
40%
Single, No Kids
2%
Single, with Kids
55%
Married, No Kids
3%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
3%
<11 yrs old
2%
12-17 yrs old
3%
18-34 yrs old
33%
35-64 yrs old
59%
65+ yrs old
What do the neighbors do for fun?
PGA/LPGA
Men's Tennis
Skiing/snowboarding
Where do the neighbors shop?
Stein Mart
Bloomingdales
BJs Wholesale Club
Where do the neighbors go to eat?
Bob Evans
Bonefish Grill
Panera
What do the neighbors drive?
Lincoln
Lexus
Infiniti
What do the neighbors listen to?
News/Talk/Information- News
Adult Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 540 Gulf Bay Rd
The listing price of 540 Gulf Bay Rd property is $1,950,000.
The property 540 Gulf Bay Rd is a house located in Longboat Key, Florida, 34228.
Active Listing: 540 Gulf Bay Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 540 Gulf Bay Rd are: Sea Breeze Elementary School (GreatSchools Rating 4/10), Bayshore Elementary School (GreatSchools Rating 4/10), H. S. Moody Elementary School (GreatSchools Rating 3/10), Electra Arcotte Lee Middle School (GreatSchools Rating 2/10), W. D. Sugg Middle School (GreatSchools Rating 3/10), Oasis Middle School (GreatSchools Rating 7/10), State College of Florida Collegiate School (GreatSchools Rating 10/10), Bayshore High School (GreatSchools Rating 2/10), Manatee High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2023 is $19,193 (source: MLS/based on county public records data).
The last sale was on January 26, 2022 for $1,375,000 (source: MLS/tax record).
The property at 540 Gulf Bay Rd has 3 bedrooms and 3 full and 1 half bathrooms.
The property 540 Gulf Bay Rd is 1,880 SqFt (source: MLS/tax record).
The year of construction for 540 Gulf Bay Rd is 1993.
This home is located at 540 Gulf Bay Rd in Longboat Key, FL and zip code 34228. This 1,880 square foot home, which was built in 1993, sits on a 0.31 acre lot. Features: 3 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since May 21, 2025 and is currently priced at $1,950,000.
While more than 1 listings in Longboat Key, FL in June 2025 were sold above asking price, there were more than 4 listings sold at asking price, and more than 32 were sold below. The number of homes for sale in Longboat Key, FL decreased by 5% between May and June 2025. In June 2025 median list price was $1,250,000 and the average listing age was 74 days.
From Rocket Homes Real Estate and based on county public records data.