5005 Gulf Of Mexico Dr #4, photo 1
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Overview

4 bd5 ba4,630 sqft3 car garageSingle Family
TypeSingle Family
HOA$1,715/qtr
Built2018
Lot10,454 sqft
Living area4,630 sqft
Price / sqft$1,619
Garage3 car

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Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

About this home

Ceiling Fans(s)BalconyGardenOutdoor KitchenPrivate EntranceDeed RestrictionsBar FridgeBuilt-in Oven

5005 Gulf Of Mexico Dr #4 is a 2018-built home in Bonaire At Longboat Key, Longboat Key. Inside you'll find 4 bedrooms, 5 bathrooms, and 4,630 square feet of living space. Listed at $7,495,000 (about $1,619/sqft), 299 days on market. Flood zone AE - confirm flood insurance requirements with your lender. HOA runs $1,715 quarterly.

From the listing

Designed by award-winning architect, John Cooney, and built by Sarasota’s premier coastal homebuilder, Perrone Construction, this mid-Key classic is simply among Longboat Key’s finest homes. Walk in to this fully furnished home which is steps from the beach and with expansive Gulf and Bay views, this masterpiece offers more than 4300 square feet of refined interiors on the main living floors together with multiple large lanais and balconies. A beautiful foyer, large family room, and home gym are featured on the ground floor, along with an oversized three-car garage and storage room. The quality of the home’s design and construction are matched by the charm of the interior finishes and amenities. The living areas incorporate beautiful ceiling elevations, along with custom wide-plank hardwood, Italian porcelain tile, and custom plantation shutters and drapes. The Great Room flows into the chef’s kitchen which features custom cabinetry, quartz countertops, Wolf and SubZero appliances, and a temperature-controlled 275 bottle wine room. Designed for easy entertaining, the Great Room opens onto a large lanai with its gas fireplace and grill, and gorgeous Gulf and sunset views. Adjoining the kitchen is a perfect dining room with its own balcony and Gulf views, as well as a large family office/bonus room with custom cabinetry and bookshelves. The Lutron system controls both the lighting and the custom drapes and shades. The home’s elegant chandeliers and sconces bathe its interior with gracious warmth. The beautiful master suite on the main floor includes a bedroom cathedral ceiling and access to the outdoor lanai. The master bath features custom cabinetry, porcelain tile, a large steam shower, and is plumbed for a master bathtub. Three spacious guest suites, a gathering lounge, and balconies with Gulf views are found on the second living floor. A private elevator connects all levels. Both the home and exterior grounds are designed for year-round, low-maintenance living. An extensive landscape refresh in 2023 included new turf and lighting, an outdoor shower, and a great fire pit area for entertaining. Lush landscaping and a tranquil pool setting provide both screening and privacy. The home features remote controlled screening and storm shutters, extensive use of Azek composite, and other low-maintenance materials, along with a gas generator, whole-house water filtration system, central vacuum, and much more. With miles of pristine beach and bay to explore and with the abundant cultural, dining, and shopping amenities of Sarasota, St. Armand’s Circle, and Anna Maria Island nearby, this timeless home delivers the very best of Longboat Key living.

The essentials

Built
2018
Price / sqft
$1,619
On market
299 days
Annual tax
$30,971
HOA
$1,715/qtr
Flood zone
AE
Lot
10,454 sqft
Type
Single Family Residence

At a glance

Single family
Built 2018
Private pool
Heated
3 car garage
10,454 sqft lot
Lot size
4,630 sqft
Living area

Payment

Est. monthly payment
$45,989/mo
Down payment (20%)
$1,499,000
Property taxes
$2,581/mo
HOA
$1,715/qtr
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Single Family Residence
Year Built
2018
Lot
10,454 sqft
Cooling
Central Air
Heating
Central
Parking
-
Pool
Heated, In Ground
Days on Market
299
Ceiling Fans(s)
Balcony
Garden
Outdoor Kitchen
Private Entrance
Deed Restrictions
Bar Fridge
Built-in Oven
Convection Oven
Cooktop
Dishwasher
Disposal
Dryer
Electric Water Heater
Ice Maker
Microwave
Refrigerator
Homestead exemption on file In a CDD (Community Development District) Flood Zone AE
Annual Tax (2024)
$30,971
Parcel #
8009200259

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Bonaire At Longboat Key
County
Manatee
MLS Area
34228 - Longboat Key
Lot Size
10,454 sqft
HOA
$1,715/qtr
Denise Henning

Price history

Date
Event
Price
5/8/2026
Price change
Source: Stellar MLS #A4673495
$7,495,000-3.9%
$1,619/sqft
-
Price change
Source: Stellar MLS #A4673495
$7,800,000-5.5%
$1,685/sqft
12/18/2025
Listed for sale
Source: Stellar MLS #A4673495
$8,250,000
$1,782/sqft

Neighborhood

5005 Gulf Of Mexico Dr #4
Longboat Key, FL, 34228 · 34228 - Longboat Key

Market insights

Offer Insights

Choose an offer strength

List price: $7,495,000
$7.00M – $7.50M
93.4% – 100% of listTops out right at the list price
80% of listList price
26 of the last 51 home closings in 34228 landed at this number or higher (51%). The median one sat 95 days before it went under contract, and this one is on day 299 after a $755,000 cut.

Sample: 51 closed home sales in 34228 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

Talk through an offer with our team

Calculator

Est. monthly payment
$45,990/mo
Principal & interest$39,089
Property taxes$2,581
Insurance$3,748
HOA$572
Down payment20% · $1,499,000
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. HOA includes any condo dues reported on the listing. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$7,495,000

$1,619 per sq ft

Beds and baths

4 beds, 5 baths

Size

4,630 sq ft

Time on market

299 days

Year built

2018

Monthly payment

About $45,989/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $30,971 annual tax bill, insurance, and the $1,715/qtr HOA fee.

HOA fee

$1,715/qtr

Managed by Denise Henning.

Flood zone

Zone AE

That is a high-risk designation, so a lender will normally require flood insurance. Confirm the current rate before you write an offer.

Offer

What should I offer?

Have another question?

Brokered byDEVELOPERS REALTY LBK, INCListing agent: Reid MurphyListing data from Stellar MLS, MLS# A4673495.

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