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Property Address

3740 GULF OF MEXICO DRIVE, Longboat Key, FL  34228

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Property Details

Status
Active
Type
Multi-family
Units
4
Year Built
1950
Subdivision
TWIN SHORES MOBILE HOME
Parking
Assigned, Guest, None
Heating
None
Cooling
Wall/Window Unit(s)
Approx Sq. Feet
3,255
Acreage
0.19
Est. Taxes
$10,569
HOA Fee
$5,024 Quarterly
Lot Desc
Corner Lot, FloodZone, In County, Street Paved
View
Bay/Harbor - Partial
Amenities
Dock, Laundry, Maintenance, Marina
Water Front
Yes
Days on Market
173 days
Pet Policy
No
Appliances
None
MLS#
A4420667

Price History

3/13/2019 - $995,000
12/5/2018 - $1,125,000

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Reduced Price!

Original: $1,125,000

Reduction: 11.56%

$995,000 ($306 per SQ/FT)

3740 GULF OF MEXICO DRIVE, Longboat Key, FL, Florida 34228. 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.

 
 

Listing courtesy of PREMIER SOTHEBYS INTL REALTY