5125 GULF OF MEXICO DR #7 Open House Save Request In-Person Tour Request Virtual Tour
Longboat Key,FL 34228
OPEN HOUSE
Sun Nov 24, 12:00pm - 3:00pm
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 961 sqft
Price per Sqft $1,300
Subdivision Seagrape Inn
MLS Listing ID A4616212
Bedrooms 2
Full Baths 2
HOA Fees $2,356/qua
HOA Y/N Yes
Originating Board Stellar MLS
Year Built 1983
Annual Tax Amount $7,654
Property Description
Exceptional Investment Opportunity: Turnkey Furnished Condo at Seagrape Inn** Discover an exceptional investment opportunity with this elegant, fully renovated, turnkey furnished condo in the exclusive boutique-style Seagrape Inn, a resort with only eight units. Nestled beachside on the beautiful Gulf of Mexico, the Seagrape Inn offers an idyllic setting for both personal use and rental income. Owners can enjoy unlimited personal usage while benefiting from a lucrative rental program managed by a professional on-site property manager, with no minimum rental restrictions. This condo promises potential annual revenue exceeding $106,000 currently, while still allowing ample personal use. The current owners have a profit and loss statement ready to share. The Seagrape Inn is meticulously maintained, featuring lush landscaping in an upscale tropical setting. Unit 7, located on the second floor, offers exceptional views of the ocean and pool. Relax on your screened lanai, enjoying the warm breeze with your morning coffee, afternoon cocktail, or a good book. Inside, the spacious open floor plan provides plenty of room to unwind, complete with all new, comfortable furniture and a flat-screen TV in the living area. The fully renovated interior boasts first-class materials and finishes throughout the entire space. Improvements made 2023/2024 include new luxury waterproof vinyl floors throughout, new interior paint, new doors and trim, a full kitchen renovation with new cabinets, granite countertops, and appliances. Both bathrooms have been fully renovated with new tiles, vanities, and showers. The primary bedroom features an inviting king-size bed, ample closet space, a flat-screen TV, and a recently remodeled bathroom. The second bedroom includes a queen-size bed, a flat-screen TV, and a recently remodeled bath as well. A new A/C unit was installed in 2021. This condo is sold fully turn-key furnished and, includes dedicated parking an owner's locker, and is conveniently located near restaurants and shops. The complex recently installed hurricane windows and doors. Amenities at Seagrape Inn include: - Private Entrance to Each Condo - Private Heated Pool - Private Beach Area with Lounge Chairs & Umbrellas - On-Site Laundry & Ice Machine - Upgraded Wi-Fi throughout the Resort - Cable TV - Gazebo with Gas BBQ Grill - Beach Towels & Linens Enjoy the extremely private, quiet, and serene atmosphere of this lovely condo, the perfect getaway to relax and enjoy spectacular Gulf sunsets while creating new memories. Don't miss this opportunity! ****Please note, the HOA quarterly fee includes the onsite Rental/CAM Managers salary. Beyond the CAM manager's responsibility of operations expense, upkeep, board meetings, financials, etc.. She also handles all Rental bookings, advertising, cleaning, receipts, ect…. BUT there is no commission owed or due for these rental agent services as it is already built into your quarterly hoa fee.****
Location
State FL
County Manatee
Community Seagrape Inn
Zoning LBK_R-3MX
Interior
Interior Features Living Room/Dining Room Combo,Open Floorplan,Split Bedroom,Thermostat
Heating Central
Cooling Central Air
Flooring Ceramic Tile,Luxury Vinyl
Furnishings Furnished
Fireplace false
Appliance Convection Oven,Dishwasher,Disposal,Electric Water Heater,Microwave,Range Hood,Refrigerator
Laundry Other
Exterior
Exterior Feature Balcony,Hurricane Shutters,Irrigation System,Lighting,Outdoor Grill,Sidewalk,Sliding Doors
Pool Gunite,Heated,In Ground
Community Features Association Recreation - Owned,Deed Restrictions,Pool
Utilities Available BB/HS Internet Available,Cable Available,Electricity Connected,Public,Street Lights,Underground Utilities
Amenities Available Laundry,Maintenance,Storage
Waterfront true
Waterfront Description Beach Front
View Y/N Yes
Water Access Yes
Water Access Desc Beach,Beach - Access Deeded
View Water
Roof Type Membrane
Porch Covered,Screened
Garage false
Private Pool Yes
Building
Lot Description CoastalConstruction Control Line,FloodZone,City Limits,Near Marina,Sidewalk
Story 2
Entry Level One
Foundation Block,Slab,Stem Wall
Sewer Public Sewer
Water Public
Architectural Style Traditional
Structure Type Concrete,Stucco
New Construction false
Schools
Elementary Schools Anna Maria Elementary
Middle Schools Martha B. King Middle
High Schools Bayshore High
Others
Pets Allowed Yes
HOA Fee Include Pool,Escrow Reserves Fund,Maintenance Structure,Maintenance Grounds,Maintenance,Management,Sewer,Trash,Water
Senior Community No
Ownership Fee Simple
Monthly Total Fees $2,356
Acceptable Financing Cash,Conventional
Membership Fee Required Required
Listing Terms Cash,Conventional
Special Listing Condition None