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Listing 17 out of 400
$439,000 For Sale

4725 Gulf Of Mexico Drive #212
Longboat Key, FL 34228

2 beds, 2 baths | Condo
1,071 sq ft; lot: 4.93 acres - MLS# A4414979
Property Photo
1/35

Description

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 $ 29557 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 $85000 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.

Features

  • Property Type: Condo
  • Sub Type: Condominium
  • Listing Status: Active
  • County/Area: Manatee County
  • Zip Code: 34228
  • Year Built: 1974
  • Subdivision/Neighborhood: Sand Cay A Condo
  • Sq.Ft.: 1,071 sq ft
  • Stories: One
  • Total Rooms: 4
  • Bedrooms: 2
  • Full Baths: 2
  • Lot Size: 4.93 acres
  • Baths: 2
  • View: Garden, Pool, Water Gulf/Ocean - Partial Yes
  • Waterfront: Gulf/Ocean Yes
  • Zoning: T6
  • Additional Water Information: Private Beach
  • Appliances: Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator
  • Association Amenities: Elevators, Laundry, Pool, Shuffleboard Court, Tennis Court(s)
  • Association Approval Required YN: Yes
  • Association Fee Includes: Cable TV, Community Pool, Escrow Reserves Fund, Insurance, Maintenance Exterior, Pest Control, Pool Maintenance, Recreational Facilities, Trash
  • Building Area Source: Public Records
  • Building Area Total: 1071.00
  • Building Elevator YN: Yes
  • Building Name Number: SAND CAY CONDO
  • Community Features: Buyer Approval Required, Deed Restrictions, Pool, Tennis Courts, Water Access, Waterfront
  • Condo Fees: 3129
  • Condo Fees Term: Quarterly
  • Construction Materials: Stucco
  • Cooling: Central Air
  • Country: US
  • Direction Faces: West
  • Exterior Features: Balcony, Tennis Court(s)
  • Floor Number: 2
  • Flooring: Porcelain Tile
  • Foundation Details: Slab
  • Furnished: Furnished
  • Heating: Central, Electric
  • Interior Features: Ceiling Fans(s), Window Treatments
  • Laundry Features: Outside
  • Lot Features: FloodZone, In City Limits, Level/Flat, Near Golf Course
  • Lot Size Square Feet: 214726
  • Minimum Lease: 1-7 Days
  • Monthly Condo Fee Amount: 1043
  • Other Structures: Tennis Court(s)
  • Parcel Number: 8008801659
  • Parking Features: Assigned, Open
  • Property Condition: Completed
  • Roof: Metal
  • SW Subdiv Community Name: Sand Cay A Condominium
  • Stories Total: 3
  • Tax Year: 2018
  • Township: 35
  • Utilities: Cable Available, Electricity Connected, Public
  • Vegetation: Trees/Landscaped
  • Water Access: Gulf/Ocean, Yes
  • Water Body Name: GULF OF MEXICO
  • Water Frontage Feet Gulf Ocean: 100
  • Waterfront Feet Total: 100
  • Window Features: Blinds
Courtesy of Premier Sothebys Intl Realty

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Carolyn Donnelly, P.A.
Coldwell Banker Res RE
 Sarasota & Longboat Key, FL
Phone: 941-350-9900​

MEET CAROLYN DONNELLY

 

Email Carolyn
Carolyn@CarolynsKeys.com

Contact Me





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