2850 GULF OF MEXICO DRIVE #5, LONGBOAT KEY, FL 34228 | MLS #MFRA4691701 | Berkshire Hathaway HomeServices Florida Network Realty
Maria Wilkes

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Listing provided courtesy of MICHAEL SAUNDERS & COMPANYas Distributed by MLSGrid- MLS# MFRA4691701MLS Provider

2850 GULF OF MEXICO DRIVE #5LONGBOAT KEY, FL 34228

Condo · 1 Bed · 1 Full Bath · 657 Sq. ft.
$348,000 Active

2850 GULF OF MEXICO DRIVE #5 Overview

Time on Site:
62 days
Visits:
0

A renovated condo directly across from public beach access under $350,000. on Longboat Key? This is the one you've been looking for! Perfectly positioned for both personal enjoyment and strong rental income potential. Whether you're seeking a low-maintenance vacation escape or an income-generating property, this location checks all the boxes. Walk across the street to watch sunset on the sand, then stroll to Publix, Bayfront Park's tennis & pickleball courts, the library, or one of the island’s cozy dining spots. Everything your guests—or you—could want is right at your doorstep. The unit features a bright, open living space with tile flooring, a spacious bedroom, walk-in closet and parking. The well-maintained community offers low HOA fees and a relaxing island vibe that keeps guests coming back. Don’t miss out on this rare opportunity to own on Longboat Key—whether you're investing in your future or your lifestyle.

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2850 GULF OF MEXICO DRIVE #5 Facts & Features

  • Type Condo
  • Sq. ft. 657
  • Price/Sq.ft. $530

Details

General

Association/HOA

  • Association Fee Includes: Common Area Taxes,Electricity,Escrow Reserves Fund,Insurance,Maintenance Structure,Maintenance Grounds,Maintenance,Management,Pest Control,Trash,Water
  • Association Name: Rachael Brown
  • Association: No

School Information

  • Elementary School: Southside Elementary
  • Middle Or Junior School: Booker Middle
  • High School: Booker High

Building Information

  • New Construction: No
  • Year Built: 1967

Location/Region

  • Country: US
  • County Or Parish: Sarasota
  • MLS Area Major: 34228 - Longboat Key
  • Subdivision Name: NEPTUNE ON LONGBOAT KEY
  • Township: 36S

Community/Development

  • Community Features: None,Street Lights

Tax Information

  • Tax Annual Amount: 4600.84
  • Tax Year: 2025

General Information

  • Furnished: Turnkey
  • Listing Terms: Cash,Conventional
  • Ownership: Fee Simple
  • Pets Allowed: Cats OK,Dogs OK,Yes
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Senior Community: No
  • Special Listing Conditions: None
  • Zoning: R2SF

Interior

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms Total: 1
  • Bedrooms Total: 1

Building Interior

  • Building Area Source: Public Records
  • Building Area Total: 700
  • Building Area Units: Square Feet

General Information

  • Appliances: Built-In Oven,Cooktop,Dishwasher,Electric Water Heater,Freezer,Ice Maker,Microwave,Refrigerator,Washer
  • Cooling: Central Air
  • Fireplace: No
  • Flooring: Tile
  • Foundation Details: Slab
  • Heating: Electric
  • Interior Features: Crown Molding,Open Floorplan,Primary Bedroom Main Floor,Walk-In Closet(s),Window Treatments
  • Laundry Features: Common Area,Inside
  • Levels: One
  • Living Area: 657
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Security Features: Smoke Detector(s),Touchless Entry
  • Spa: No
  • Stories Total: 2
  • Window Features: Insulated Windows,Shutters

Unit Information

  • Unit Number: 5

Exterior

Parking Information

  • Parking Features: Common

Lot Information

  • Additional Parcels: No
  • Lot Features: FloodZone,City Limits,In County,Near Golf Course,Near Marina,Near Public Transit
  • Lot Size Acres: 0
  • Lot Size Dimensions: 0
  • Lot Size Square Feet: 0
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Asphalt
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Architectural Style: Florida
  • Attached Garage: No
  • Construction Materials: Block
  • Direction Faces: East
  • Patio And Porch Features: Porch,Screened
  • Property Attached: No
  • Roof: Built-Up

General Information

  • Carport: No
  • Exterior Features: Other
  • Pool Private: No
  • Sewer: Public Sewer
  • Utilities: Electricity Available,Electricity Connected,Public,Water Available,Water Connected

Room Information

Room: Great Room

  • Level: First

Room: Kitchen

  • Level: First

Room: Primary Bedroom

  • Level: First

2850 GULF OF MEXICO DRIVE #5 Neighborhood

Community

34228 (LONGBOAT KEY) Demographics

71
Median Age
575
Population Density (per sq. mile)
71%
College Educated
$108,015
Estimated Median Income
3,741
Estimated Total Home Owners
198
Estimated Total Renters
95% / 5%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

2850 GULF OF MEXICO DRIVE #5 Monthly Cost

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Dylan Leitman
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

2850 GULF OF MEXICO DRIVE #5 Market Data

Based on the last 30 days in this zip code

$1,987,350
Average List Price
$1,018
Average Price per Square Foot
63
Properties Sold
168
Average Days on Market
415
Properties for Sale
Calculations provided by Reliance Network

2850 GULF OF MEXICO DRIVE #5 History

Date Event Value Agent
5/29/2026Source: My Florida Regional MLS Price Reduction
$348,000 -5.6%
4/29/2026Source: My Florida Regional MLS Added to Database
April 29, 2026
10/14/2022Source: My Florida Regional MLS Added to Database
October 14, 2022