5581 GULF OF MEXICO DR, LONGBOAT KEY, FL 34228

$15,500,000

Active · 191 days on market · MLS# MFRA4641831

Bedrooms11
Bathrooms10
Living area8,529 sq ft
Lot size2.02 acres
Year built1952
Property typeSingle Family Residence
Private poolYes
WaterfrontYes
Annual taxes$80,316
CountyManatee

About this home

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 !

Listing courtesy of Reid Murphy, DEVELOPERS REALTY LBK, INC. Presented by MC Homes Realty Inc · 727432218.

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