Active

$1,020,000

Features:
  • 2 Bedrooms
  • 2 Bathrooms
  • 961 sq ft
Overview
  • ID: MFRN6136477
  • Bedrooms: 2
  • Bathrooms: 2
  • Size: 961 sq ft
Property Details
Remarks
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.
Financial Considerations
Price:
$1,020,000
HOA Fee:
N/A
Tax Amount:
$11168
Price per SqFt:
$1061.39
Tax Legal Description:
UNIT 7 SEAGRAPE INN CONDO PI#79973.0040/0
Exterior Features
Lot Size:
0
Lot Features:
City Limits, Sidewalk, Paved
Waterfront:
Yes
Parking Spaces:
N/A
Parking:
Assigned
Roof:
Built-Up
Pool:
No
Pool Features:
Gunite, Heated, Lighting, Outside Bath Access
Interior Features
Bedrooms:
2
Bathrooms:
2
Heating:
Electric
Cooling:
Central Air
Appliances:
Convection Oven, Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Range Hood, Refrigerator
Furnished:
Yes
Floor:
Tile
Levels:
One
Additional Features
Property Sub Type:
Condominium
Style:
N/A
Year Built:
1983
Construction Type:
Block, Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
South
Pets Allowed:
No
Special Condition:
None
Additional Features:
Outdoor Grill
Additional Features 2:
For details please refer to the Association.
Map
  • Address
    5125 GULF OF MEXICO DR #7
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