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Listing 9 out of 421
$1,125,000 For Sale

3740 Gulf Of Mexico Drive
Longboat Key, FL 34228

4 units | Multi Family Home
8276 sq ft - MLS# A4420667
Property Photo


Simply, it’s Longboat Key’s only 4-unit multi-family property. This direct waterfront rental has proven to be a true “hands off” money maker in the past, at one-time netting over $80000/yr in gross receipts. The HOA maintains the grounds, the roof, all insurances, and is fully funded. Literally no differed maintenance to the owner, ever! It can be rented annually, seasonally, and even monthly. Boat slips are available for around $30/month if you and/or your tenants have one needing a space. A brand new community pool is scheduled to open in January. Tons of social events, deed beach access across the street, and the ability to live in one and profit from the rest. Attract grade-A tenants with this one of a kind opportunity.


  • Property Type: Multi Family Home
  • Sub Type: Quadruplex
  • Listing Status: Active
  • County/Area: Sarasota County
  • Zip Code: 34228
  • Year Built: 1950
  • Subdivision/Neighborhood: Twin Shores Mobile Home
  • Sq.Ft.: 3,255 sq ft
  • Style: Quadruplex (Multi-Family)
  • Stories: One
  • Units: 4 units
  • Lot Size: 8276 sq ft
  • View: Water Bay/Harbor - Partial Yes
  • Waterfront: Dock - Slip Deeded Off-Site Bay/Harbor, Marina Yes
  • Zoning: R6MX
  • Association Amenities: Dock, Laundry, Maintenance, Marina
  • Association Fee: 5024.00
  • Association Fee Frequency: Quarterly
  • Association Fee Requirement: Required
  • Builder Model: -
  • Builder Name: -
  • Building Area Source: Public Records
  • Building Area Total: 4030.00
  • Community Features: Pool
  • Construction Materials: Block, Stucco
  • Cooling: Wall/Window Unit(s)
  • Country: US
  • Flooring: Concrete
  • Future Land Use: 0840
  • Lot Features: Corner Lot, FloodZone, In County, Street Paved
  • Lot Size Square Feet: 8111
  • Millage Rate: 15.00
  • Monthly HOA Amount: 1674.67
  • Parcel Number: 0003031116
  • Parking Features: Assigned, Guest, None
  • Patio And Porch Features: Deck, Patio, Porch
  • Roof: Shake
  • SW Subdiv Community Name: Twin Shores Mobile Home
  • Subdivision Num: 9940
  • Tax Year: 2018
  • Total Acreage: Up to 10889 Sq. Ft.
  • Total Num Buildings: 4
  • Township: 35
  • Unit Count: 1
  • Utilities: Electricity Connected, Public
  • Water Access: Bay/Harbor, Marina, Yes
  • Water Body Name: BUTTONWOOD BAYOU
  • Water Extras YN: Yes
  • Water Frontage Feet Bay Harbor: 50
  • Water Frontage Feet Marina: 50
  • Waterfront Feet Total: 100
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​



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