5231 Gulf Of Mexico Dr #104, photo 1
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Overview

1 bd1 ba720 sqftCondominium
TypeCondominium
Condo dues$1,000/mo
Built1973
Living area720 sqft
Price / sqft$693

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About this home

ElevatorKitchen/Family Room ComboLiving Room/Dining Room ComboPrimary Bedroom Main FloorLightingOutdoor ShowerPoolStreet Lights

5231 Gulf Of Mexico Dr #104 is a 1973-built home in Covert II, Longboat Key. Inside you'll find 1 bedrooms, 1 bathrooms, and 720 square feet of living space. Listed at $499,000 (about $693/sqft), 291 days on market. Flood zone AE/VE - confirm flood insurance requirements with your lender. Condo dues run $1,000 monthly.

From the listing

Have you dreamed of the perfect island getaway situated right on a gorgeous stretch of beach on Longboat Key? This is by far the lowest priced direct beachfront condo on the entire island and it is already completely updated! Whether you decide to use it yourself or use it as an investment with outstanding monthly rental income availability, this is the one. With a fabulous ground floor location, you can have your toes in the sand in only a few steps! This condo offers Italian porcelain tile throughout and a completely new kitchen with beautiful counter tops, all new cabinets and new appliances. The bathroom has been beautifully updated as well and features custom tile work in a seaside theme. The view is fabulous in either direction with the sparkling pool out front and the gorgeous Gulf of Mexico out back. The open living and dining area allows plenty of space to entertain or to quietly contemplate whether it’s a beach day, a day for a soak in the pool or a walk to the Covert bayside fishing pier. The bedroom offers the same stunning beach view and features storm rated sliders to the screened in lanai. The midkey location allows for easy access to multiple restaurants and shopping. The tree filled mangrove trails of Joan Durante Park are a birders’ paradise and the 12 mile long bike path give you many options to soak in the sun while getting in your daily exercise. This is island living at its best at a price you may never thought you could find!

The essentials

Built
1973
Price / sqft
$693
On market
291 days
Annual tax
$6,784
Condo dues
$1,000/mo
Flood zone
AE/VE
Type
Condominium

At a glance

Condo
Built 1973
Waterfront
Gulf/Ocean
Community pool
Shared amenity
720 sqft
Living area

Payment

Est. monthly payment
$4,417/mo
Down payment (20%)
$99,800
Property taxes
$565/mo
Condo dues
$1,000/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Condominium
Year Built
1973
Lot
-
Cooling
Central Air
Heating
Central
Parking
-
Waterfront
Gulf/Ocean
Days on Market
291
Elevator
Kitchen/Family Room Combo
Living Room/Dining Room Combo
Primary Bedroom Main Floor
Lighting
Outdoor Shower
Pool
Street Lights
Dishwasher
Range
Refrigerator
Elementary
Anna Maria Elementary
Middle
Martha B. King Middle
High
Bayshore High

Districts can re-zone, so verify directly with the district before relying on these.

Flood Zone AE/VE
Annual Tax (2024)
$6,784
Parcel #
7994510902

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
Covert II
County
Manatee
MLS Area
34228 - Longboat Key
Lot Size
-
FloodZoneCity LimitsIn CountyLandscapedNear Golf CourseNear MarinaNear Public Transit
Condo dues
$1,000/mo

Price history

Date
Event
Price
6/15/2026
Price change
Source: Stellar MLS #A4676730
$499,000-8.4%
$693/sqft
-
Price change
Source: Stellar MLS #A4676730
$545,000-11.4%
$757/sqft
12/26/2025
Listed for sale
Source: Stellar MLS #A4676730
$615,000
$854/sqft

Neighborhood

5231 Gulf Of Mexico Dr #104
Longboat Key, FL, 34228 · 34228 - Longboat Key

Market insights

Offer Insights

Choose an offer strength

List price: $499,000
$470,000 – $499,000
94.3% – 100% of listTops out right at the list price
80% of listList price
69 of the last 136 condo closings in 34228 landed at this number or higher (51%). The median one sat 86 days before it went under contract, and this one is on day 291 after a $116,000 cut.

Sample: 136 closed condo sales in 34228 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

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Calculator

Est. monthly payment
$4,417/mo
Principal & interest$2,602
Property taxes$565
Insurance$250
HOA$1,000
Down payment20% · $99,800
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

$499,000

$693 per sq ft

Beds and baths

1 beds, 1 baths

Size

720 sq ft

Time on market

291 days

Year built

1973

Monthly payment

About $4,417/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $6,784 annual tax bill, insurance, and $1,000/mo in condo dues.

Condo dues

$1,000/mo

Flood zone

Zone AE/VE

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?

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Brokered byMICHAEL SAUNDERS & COMPANYListing agent: JoDene Moneuse, PAListing data from Stellar MLS, MLS# A4676730.

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