4485 Gulf Of Mexico Dr #402, photo 1
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Overview

2 bd2 ba1,022 sqftCondominium
TypeCondominium
HOA$4,000/qtr
Built1973
Living area1,022 sqft
Price / sqft$532

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

Open house

Saturday, Oct 10 · 1:00 PM to 4:00 PM

About this home

Living Room/Dining Room ComboPrimary Bedroom Main FloorThermostatWalk-in Closet(s)BalconyLightingClubhouseDeed Restrictions

4485 Gulf Of Mexico Dr #402 is a 1973-built home in Arbomar Apts, Longboat Key. Inside you'll find 2 bedrooms, 2 bathrooms, and 1,022 square feet of living space. Listed at $543,210 (about $532/sqft), 9 days on market. Flood zone AE - confirm flood insurance requirements with your lender. HOA runs $4,000 quarterly.

From the listing

Virtually Staged. Auction Property. Auction Property. This Beachfront Condominium will be sold at an Online Auction October 29 ~ November 4. 4485 GULF OF MEXICO DR, #402, LONGBOAT KEY, FL. This is a 2 Bedroom, 2 Bathroom Condominium with stunning views of the brilliant Gulf from every room and immediate beach access on Longboat Key. Arbomar Owners enjoy a heated beachfront pool, fitness center, and a welcoming well-maintained community with private coded access and an elevator. All special assessments will be paid in full by the seller at closing, eliminating future capital expense concerns for the buyer. The residence features a bright, open layout designed to capture stunning water views and coastal breezes. Significant recent improvements provide exceptional value and peace of mind, including a new roof, new balconies and walkways with diamond coating, updated carports, and new doors and impact-rated windows throughout the community. The pool has just been resurfaced. Inside, the home is ready for you to add your own flair. Ideal for full-time living, a seasonal retreat, or an income-producing beach getaway. This condo has a community washer and dryer just outside the front door, and also has a space where one could be installed inside. There are also storm shutters on the balcony for extra security. It comes with one dedicated covered parking spot and extra storage space downstairs. The amenities includes 24 hour security, pavered parking and entrance, elevators, a glistening resort style swimming pool, recreation clubhouse, shuffleboard, and fitness center. Perfectly positioned on Longboat Key, Arbomar is just minutes from St. Armands Circle, Sarasota’s dining and cultural attractions and world-class golf, and just a short trip to the Sarasota International Airport. Experience the luxury of Florida living with panoramic Gulf views and stunning sunsets every day. This building has cell phone towers on the roof that generate significant income for the association. With low maintenance fees and a great rental policy. The Milestone study and SIRS are completed and any past fees will be brought up to date at closing. This sale will come with a Warranty Deed ensuring that all taxes and condominium fees are current. This property will only be sold at Auction. ANY price in any listing or advertisement is for reference only, the selling price will be determined at auction. There is NO starting bid, you may bid any amount.

The essentials

Built
1973
Price / sqft
$532
On market
9 days
Annual tax
$4,280
HOA
$4,000/qtr
Flood zone
AE
Type
Condominium

At a glance

High-rise condo
9 stories · 1973
Waterfront
Beach Front
Community pool
Fitness center too
Private balcony
Outdoor space
1,022 sqft
Living area

Payment

Est. monthly payment
$4,795/mo
Down payment (20%)
$108,642
Property taxes
$357/mo
HOA
$4,000/qtr
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Condominium
Year Built
1973
Lot
-
Cooling
Central Air
Heating
Central, Electric
Parking
Common, Covered, Ground Level, Guest, Reserved
Waterfront
Beach Front, Gulf/Ocean
Days on Market
9
Living Room/Dining Room Combo
Primary Bedroom Main Floor
Thermostat
Walk-in Closet(s)
Balcony
Lighting
Clubhouse
Deed Restrictions
Fitness Center
Pool
Sidewalks
Dishwasher
Range
Refrigerator
Homestead exemption on file Flood Zone AE
Annual Tax (2025)
$4,280
Parcel #
8016210653

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
Arbomar Apts
County
Manatee
MLS Area
34228 - Longboat Key
Lot Size
-
HOA
$4,000/qtr
Kevin Wiegand

Price history

Date
Event
Price
10/10/2026
Price change
Source: Stellar MLS #N6146025
$543,210+57.1%
$532/sqft
-
Price change
Source: Stellar MLS #N6146025
$345,678-50.5%
$338/sqft
10/1/2026
Listed for sale
Source: Stellar MLS #N6146025
$698,765
$684/sqft

Neighborhood

4485 Gulf Of Mexico Dr #402
Longboat Key, FL, 34228 · 34228 - Longboat Key

Market insights

Offer Insights

Choose an offer strength

List price: $543,210
$510,000 – $543,210
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 9 after a $155,555 cut.

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
$4,795/mo
Principal & interest$2,833
Property taxes$357
Insurance$272
HOA$1,333
Down payment20% · $108,642
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 is the fee 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

$543,210

$532 per sq ft

Beds and baths

2 beds, 2 baths

Size

1,022 sq ft

Time on market

9 days

Year built

1973

Monthly payment

About $4,795/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $4,280 annual tax bill, insurance, and the $4,000/qtr HOA fee.

HOA fee

$4,000/qtr

Managed by Kevin Wiegand.

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 byNEAL VAN DE REE & ASSOCIATESListing agent: Paula Van De ReeListing data from Stellar MLS, MLS# N6146025.

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