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4725 Gulf Of Mexico Dr #212, Longboat Key, FL – $439,000

  • 2 Beds
  • 2 Baths
  • 1,071 Sqft
  • 4.93 Acres
  • 2 Beds
  • 2 Baths
  • 1,071 Sqft
  • 4.93 Acres

4725 Gulf Of Mexico Dr #212

Immaculate. 6.7 % cap rate in 2018. Plentiful booked for 2020 already. This extensively updated condo has a kitchen with granite countertops and contemporary cabinets, fully updated bathrooms with granite, tile flooring with sound insulation. New AC in 2017, new water heater 12/2018. This condo even offers a peek of the Gulf. The balcony is sizable and allows up to six to sit comfortably. It comes fully furnished and extremely well maintained. Sand Cay is a beautiful and immaculate Gulf-front beach resort with lush, tropical landscaping, tennis court, pool, shuffleboard, a barbecue area at the beach and its own private beach with lounge chairs and showers. This condo serves as a great investment since the association allows a three-night minimum stay and runs an on-site vacation rental management. Perfect investment. This unit has an amazing rental history with lots of repeat customers. The net operating income in 2018, even with 31 days of owner use, was $ 29,557 which yielded a 6.7 % cap rate. Excellent online reviews. No need to worry about the future: The whole building went through an extensive reconstruction. This included building anchoring, exterior walls, windows, doors, stairways, walkways and steel beams. The owner paid about $85,000 special assessment! Additionally, in 2016 a new metal roof was installed. In order to avoid special assessments in the future a big share of the condo fees feeds a reserve fund.

Essential Information

  • MLS® #A4414979
  • Price$439,000
  • Bedrooms2
  • Bathrooms2.00
  • Full Baths2
  • Square Footage1,071
  • Acres4.93
  • Year Built1974
  • TypeResidential
  • Sub-TypeCondo
  • StatusPending
  • Property Taxes$6,440

Community Information

  • Address4725 Gulf Of Mexico Dr #212
  • AreaLongboat Key
  • SubdivisionSand Cay A Condo
  • CityLongboat Key
  • CountyManatee County
  • StateFL
  • Zip Code34228
  • Condo Fees$3,129
  • Condo Fee ScheduleQuarterly

Amenities

  • ParkingAssigned, Open
  • GaragesUnder Building Parking
  • Is WaterfrontYes
  • WaterfrontGulf/Ocean

Utilities

Cable Available, Electricity Connected, Public

Features

Elevators, Laundry Facility, Pool, Shuffleboard, Tennis Courts, Buyer Approval Required, Deed Restricted, Water Access, Waterfront

View

Flood Zone, In City Limits, Level, Near Golf Course, Garden View, Pool View, Water View

Interior

  • InteriorPorcelain Tile
  • HeatingCentral, Electric
  • CoolingCentral Air
  • # of Stories3
  • StoriesOne Story

Interior Features

Ceiling Fans(s), Window Treatments

Appliances

Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator

Exterior

  • ExteriorStucco
  • WindowsBlinds
  • RoofMetal
  • FoundationSlab

Exterior Features

Balcony/Sun Deck, Tennis Court(s), Trees/Landscaped

Additional Information

  • Days on Market316
  • ZoningT6
  • Pet AllowedNo

Listing Details

  • OfficePremier Sothebys Intl Realty
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Price Change History for 4725 Gulf Of Mexico Dr #212, Longboat Key, FL (MLS® #A4414979)

Date Details Change
Price Reduced from $469,000 to $439,000 $30,000 (6.40%)
Price Reduced from $499,000 to $469,000 $30,000 (6.01%)
Price Reduced from $549,000 to $499,000 $50,000 (9.11%)

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Listing data comes from My Florida Regional MLS DBA Stellar MLS.

Listing information last updated on October 14th, 2019 at 10:00pm EDT.