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5581 GULF OF MEXICO DRIVE LONGBOAT KEY FL 34228

$15,500,000
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5581 GULF OF MEXICO DRIVE, LONGBOAT KEY, FL 34228 - MLS#MFRA4641831 5581 GULF OF MEXICO DRIVE, LONGBOAT KEY, FL 34228 - MLS#MFRA4641831 5581 GULF OF MEXICO DRIVE, LONGBOAT KEY, FL 34228 - MLS#MFRA4641831 5581 GULF OF MEXICO DRIVE, LONGBOAT KEY, FL 34228 - MLS#MFRA4641831

Zev Freidus Broker / President
Zev Freidus
Broker / President
561-235-2161
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Overview of 5581 Gulf Of Mexico Dr

11 Bedrooms
9/2 Bathrooms
Car Garage
8,529 Square Feet
8,529SF Living Area
Pool:
Yes
Ocean
Year Built 1952
Listed For 191 Days

Sought after slice of beachfront paradise on the exclusive island of longboat key. Rarely available 2 acre property with 200 feet of beach frontage on the gulf of america. Currently it hosts a quaint inn featuring ten suites and one cottage, all had been renovated with timeless old florida decor. The property is surrounded by tropical blooms , lush foliage, vine covered arbors, swaying palm trees, a private gazebo, and a heated swimming pool. Amazing opportunity for a new development, or alternatively a chance to easily bring the property back to its recent glory. The property has been approved to build two single family homes or a six unit luxury condominium. This fantastic location is near the growing number of top restaurants and attractions . Walk to harry's euphemia haye, lazy lobster, new local favorite lo' key or stroll over to the bay at durante park. All this is just a short drive to the renowned shopping, dining and cultural attractions of st armands circle, as wells downtown sarasota and anna maria island. So many possibilities for this location, location , location !

This luxury single family home was built in 1952 and features 11 bedrooms, and 9 full bathrooms plus 2 half baths. This home for sale is 8,529 square feet, with 8,529 sq ft being air conditioned living space. The home has a has a private swimming pool.

Directions to this property are as follows: Gulf Of Mexico To 5581 On The Beach.

Please contact your ZFC agent for more information about MLS# MFRA4641831 or any other homes for sale in Longboat Key or elsewhere in the Manatee County area.

Features & Amenities

Appliances

Dishwasher, Disposal

Cooling

Central Air

Heating

Central

Flooring

Tile

Lot Dimensions

200x441

Lot Size

88200

View

view

Construction Materials

Hardi Plank Type

Interior Features

Ceiling Fans(s)

Exterior Features

Balcony, Courtyard, French Doors

Pool Features

In Ground

Roof

Metal

Utilities

Cable Connected, Electricity Connected

Waterfront Features

Ocean Front

Laundry

Outside

Zoning

R3 M X

Year Built

1952

Annual Real Estate Taxes

$80,316 (2024)

Legal Description

All Of Lots 11 & 12, Lying Wly Of John Ringling Pkwy (100 Ft Wide, Now Known As Gulf Of Mexico Dr) Of A Sub On Longboat Key, Insert "together With Grantor's Right, Title & Interest In & To Land Lying Between The Wly Bdry Of The Above Desc Property & The Mean High Water Ln Of Waters Of The Gulf Of Mexico." (2152/4722) Pi#79839.0005/9

Property Type

Single Family Home

Direction Faces

West

MLS Number

MFRA4641831

Universal Property Id

U S-12081-N-7983900059-R-N

Days On Market

191

Community Name

Longboat Key

5581 Gulf Of Mexico Dr Price Calculator

Get Mortgage Quote For This Home

The payment calculator figures for 5581 Gulf Of Mexico Dr should be used as an estimate only. Loan terms including interest rate, and required downpayment will vary with each lender and/or individual. RE taxes for this home for sale are estimated based on the actual property taxes for this property for the tax year 2024 which are $80,316 but will likely change when this home sells. These estimations are calculated from a list price of $15,500,000 and a 25% down payment and do not include homeowners insurance which will vary greatly depending on the home characteristics and location.

Recent Home Sales near 5581 Gulf Of Mexico Dr

Address Sale Price Bed Bth Size Location Sale Date
No comps found for this property

MLS# MFRA4641831 Listing History

02/23/2025 Listed for sale by DEVELOPERS REALTY LBK, INC with MLS# MFRA4641831 with a list price of $15,500,000.
This listing of 5581 Gulf Of Mexico Dr Longboat Key FL 34228 was last updated on 2025-09-03 19:15:17. Listing courtesy of DEVELOPERS REALTY LBK, INC.
MLS

Map of 5581 Gulf Of Mexico Dr Longboat Key FL 34228

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Zev Freidus Broker / President
Zev Freidus
Broker / President
561-235-2161
Call Me
Text Me
Email Me
When clicking Submit Request, you are registering to this website and agreeing that ZFC Real Estate, its affiliates or associated third parties may contact you, including with calls or texts by automated means. You also agree to our Terms of Use and Privacy Policy

The data relating to homes for sale or lease or other real estate for sale or for rent on the ZFC website comes in part from a cooperative data exchange program of the MLS in which this Broker participates. The real estate displayed may not be all of the homes in the database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Homes for sale that are listed by Brokers other than this Broker are marked with either the listing Broker's name or the MLS name or a logo provided by the MLS and the details page about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. ZFC, the Florida Association of Realtors and its cooperating Multiple Listing Services do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law including the fair housing act prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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