2850 Gulf Of Mexico Dr #4, photo 1
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Overview

1 bd1 ba532 sqftCondominium
TypeCondominium
HOANone listed
Built1967
Living area532 sqft
Price / sqft$611

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

About this home

Open FloorplanBalconyRain GuttersSliding DoorsDishwasherMicrowaveRangeRefrigerator

2850 Gulf Of Mexico Dr #4 is a 1967-built home in Neptune On Longboat Key, Longboat Key. Inside you'll find 1 bedrooms, 1 bathrooms, and 532 square feet of living space. Listed at $325,000 (about $611/sqft), 100 days on market. Flood zone AE - confirm flood insurance requirements with your lender.

From the listing

Coastal Living on Longboat Key – Neptune Condominium Welcome to your island retreat at Neptune on Longboat Key, a charming boutique community just moments from the Gulf of Mexico. This beautifully updated 1-bedroom, 1-bath condominium offers the perfect blend of comfort, style, and an unbeatable Longboat Key lifestyle. Step inside to discover a bright, open floor plan featuring luxury vinyl flooring, coastal-inspired décor, crown molding, and a tastefully renovated kitchen with cabinetry, updated appliances, quartz-look countertops, and a deep stainless sink. The spacious living and dining area flows effortlessly onto a screened lanai where you can relax with a morning coffee. The generous bedroom provides a peaceful retreat with abundant natural light, while the updated bath and thoughtful finishes create a move-in-ready coastal escape. Located on the desirable south end of Longboat Key, Neptune is a small boutique community known for its quiet atmosphere and convenient location. You're just a short stroll to the beach and only minutes from St. Armands Circle, where you'll enjoy world-class dining, shopping, and entertainment. Downtown Sarasota, cultural attractions, golf, boating, and marinas are also just a short drive away. Neptune is a small, low-density community with minimal common amenities, helping keep ownership simple while offering a peaceful island setting. Whether you're looking for a full-time residence, seasonal getaway, or investment opportunity, this turnkey-furnished condo offers an exceptional opportunity to own a piece of paradise on Longboat Key.

The essentials

Built
1967
Price / sqft
$611
On market
100 days
Annual tax
$3,248
Flood zone
AE
Type
Condominium

At a glance

Condo
Built 1967
Water views
Water
Private balcony
Outdoor space
532 sqft
Living area

Payment

Est. monthly payment
$2,128/mo
Down payment (20%)
$65,000
Property taxes
$271/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Condominium
Year Built
1967
Lot
-
Cooling
Central Air
Heating
Central, Electric
Parking
None, Open
Days on Market
100
Open Floorplan
Balcony
Rain Gutters
Sliding Doors
Dishwasher
Microwave
Range
Refrigerator
Elementary
Southside Elementary
Middle
Booker Middle
High
Booker High

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

Homestead exemption on file Flood Zone AE
Annual Tax (2025)
$3,248
Parcel #
0005164004

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
Neptune On Longboat Key
County
Sarasota
MLS Area
34228 - Longboat Key
Lot Size
-
In CountyPaved

Price history

Date
Event
Price
7/2/2026
Listed for sale
Source: Stellar MLS #A4698791
$325,000
$611/sqft

Neighborhood

2850 Gulf Of Mexico Dr #4
Longboat Key, FL, 34228 · 34228 - Longboat Key

Market insights

Offer Insights

Choose an offer strength

List price: $325,000
$307,500 – $325,000
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 100.

Sample: 136 closed condo 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
$2,128/mo
Principal & interest$1,695
Property taxes$271
Insurance$163
Down payment20% · $65,000
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%. 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

$325,000

$611 per sq ft

Beds and baths

1 beds, 1 baths

Size

532 sq ft

Time on market

100 days

Year built

1967

Monthly payment

About $2,128/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $3,248 annual tax bill, insurance.

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?

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Brokered byMANGROVE REALTY ASSOCIATESListing agent: Michael Renick PLLCListing data from Stellar MLS, MLS# A4698791.

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