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About this home
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.
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!
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The essentials
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Details
Districts can re-zone, so verify directly with the district before relying on these.
Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
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Sample: 136 closed condo sales in 34228 over the last 8 months, Stellar MLS. A starting point, not a guarantee.
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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.
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