5125 Gulf Of Mexico Drive Unit 7
Longboat Key, FL 34228
- 2 beds
- 2 baths
- 961 sqft
- $1,300 per sqft
- 1983 build
- – on site
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.****
Listing courtesy of STELLAR_MLS / CENTURY 21 BEGGINS ENTERPRISES
Last checked:
Checking…
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Last updated Nov 22, 2024
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MLS# A4616212 —
The Building
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Year Built:1983
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New Construction:false
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Architectural Style:Traditional
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Construction Materials:Concrete
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Building Elevator:false
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Levels:One
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Stories Total:2
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Roof:Membrane
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Foundation Details:Block
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Window Features:Blinds
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Patio And Porch Features:Covered
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Floor Number:2
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Unit Number:7
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Building Area Total:1024
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Building Area Units:Square Feet
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Building Area Source:Public Records
Interior
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Interior Features:Living Room/Dining Room Combo
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Furnished:Furnished
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Flooring:Ceramic Tile
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Fireplace:false
Room Dimensions
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Living Area:961
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Living Area Units:Square Feet
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Living Area Source:Public Records
Location
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Directions:Gulf of Mexico Dr. to Seagrape Inn
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Latitude:27.406302
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Longitude:-82.654376
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Coordinates:-82.654376, 27.406302
The Property
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Parcel Number:7997300400
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Property Type:Residential
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Property Subtype:Condominium
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Property Condition:Completed
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Lot Features:CoastalConstruction Control Line
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Zoning:LBK_R-3MX
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Direction Faces:South
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View:Water
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View:true
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Exterior Features:Balcony
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Vegetation:Mature Landscaping
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Water Source:Public
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Road Surface Type:Gravel
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Flood Zone Code:AE/VE
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Flood Zone Panel:12081C0292F
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Additional Parcels:false
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Homestead:false
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Lease Restrictions:false
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (941) 822-6165
- Office phone:
- (941) 387-8888
Taxes
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Tax Year:2023
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Tax Lot:7
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Tax Legal Description:UNIT 7 SEAGRAPE INN CONDO PI#79973.0040/0
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Tax Book Number:976-1255
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Tax Annual Amount:7654
Beds
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Bedrooms Total:2
Baths
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Total Baths:2
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Total Baths:2
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Full Baths:2
The Listing
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Virtual Tour URL Unbranded:https://www.propertypanorama.com/instaview/stellar/A4616212
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Special Listing Conditions:None
Heating & Cooling
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Heating:Central
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Heating:true
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Cooling:Central Air
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Cooling:true
Utilities
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Utilities:BB/HS Internet Available
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Sewer:Public Sewer
Appliances
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Appliances:Convection Oven
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Laundry Features:Other
Schools
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Elementary School:Anna Maria Elementary
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Middle Or Junior School:Martha B. King Middle
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High School:Bayshore High
The Community
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Subdivision Name:SEAGRAPE INN
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Senior Community:false
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Community Features:Gulf/Ocean Front
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Water View:Beach
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Water View:true
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Water Access:Beach
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Water Access:true
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Water Body Name:Gulf Of Mexico
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Waterfront:true
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Waterfront Features:Gulf/Ocean Front
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Pool Private:true
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Pool Features:Gunite
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Pets Allowed:Yes
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Pet Restrictions:Buyer/Buyer's agent to verify
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Max Pet Weight:101
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Association Amenities:Laundry
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Association:true
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Association Fee:7069
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Association Fee Frequency:Quarterly
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Association Fee Includes:Community Pool
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Association Fee Requirement:Required
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Monthly HOA Amount:2356.33
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Ownership:Fee Simple
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Association Approval Required:false
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Additional Water Information:Private Beach Access. 101 Ft ownership of Gulf frontage
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Waterfront Feet Total:101
Parking
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Garage:false
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Carport:false
Extra Units
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Other Structures:Storage
Monthly cost estimate
Asking price
$1,250,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$6,693
|
Taxes | $637 |
Insurance | $343 |
HOA fees | $2,356 |
Utilities | $108 See report |
Total | $10,137/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
7/5/24
Jul 5, 2024
|
Listed / Active | STELLAR_MLS | $1,250,000 | 47.1% (36.0% / YR) |
3/16/23
Mar 16, 2023
|
STELLAR_MLS | $850,000 | -1.7% | |
2/17/23
Feb 17, 2023
|
STELLAR_MLS | $865,000 |