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$754,900

5270 GULF OF MEXICO DRIVE UNIT 508, LONGBOAT KEY, FL 34228

3D Tour
Active298 days on market

Beds

3

Baths

3

Sq Ft

1,460 sq ft

Year Built

1974

Lot Size

—

Garage

—

About This Property

Rarely available and beautifully positioned, this 3-bedroom, 3-bath fully furnished residence with UNOBSTRUCTED FULL BAY VIEWS invites you to experience true beach-to-bay living in the coveted community of Banyan Bay on the north end of Longboat Key. From sunrise coffees on your private terrace to evenings spent watching dolphins glide across the bay, this home offers an effortless blend of comfort, coastal elegance, and unforgettable daily moments. Set within an intimate community of just 26 Bayside and 18 Gulf side residences, Banyan Bay provides a peaceful retreat with exceptional amenities. Start your mornings with a stroll along your private Gulf beach access, join neighbors for a friendly match on the tennis/pickleball court, launch a kayak directly onto the bay, or unwind by the heated pool after a day on the water. A day dock/fishing pier, fitness center, clubhouse, and convenient bicycle storage further enhance the lifestyle of this warm, social community. Inside, more than 1,400 square feet of thoughtfully designed living space showcases a spacious kitchen with granite countertops, SS appliances, and a breakfast bar and nook ideal for casual dining or gathering with friends. The open great-room layout features soaring ceilings that fill the home with natural light and frame the captivating bayfront scenery. The primary suite offers its own private terrace overlooking the shimmering water—perfect for quiet mornings or evening breezes. A guest suite on the main level ensures comfort and privacy, while a charming spiral staircase leads to a versatile loft and a spacious third bedroom suite—ideal for hosting visitors, working remotely, or enjoying a dedicated creative space. Terra cotta tile flooring throughout the first level brings warmth and coastal character, while Tommy Bahama inspired finishes make this turnkey furnished residence with a NEW AC (Aug 2026) truly move-in-ready. Beyond the community, you’ll find yourself within walking-distance to restaurants and the Centre Shops. Durante Park and the Longboat Key Center for the Arts are just moments away, adding convenience and charm to the neighborhood. Discover the rare combination of lifestyle, location, and waterfront living that only Banyan Bay can offer—where every day feels like a coastal escape.

Property Overview

Property TypeResidential
Sub TypeCondominium
MLS #A4673695
StatusActive
Year Built1974
Stories2
Total Rooms7
ConstructionBlock, Stucco
RoofShingle
FoundationSlab
FacesWest
SubdivisionTHE BANYAN BAY CLUB
CountyManatee
OwnershipCondominium
FurnishedTurnkey

Interior Features

InteriorCathedral Ceiling(s), Ceiling Fan(s), Eating Space In Kitchen, High Ceilings, Open Floorplan, Primary Bedroom Main Floor, Split Bedroom, Stone Counters, Thermostat, Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
FlooringCarpet, Ceramic Tile
AppliancesDishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
LaundryInside
WindowsWindow Treatments
CoolingCentral Air
HeatingCentral, Electric
SecuritySecurity System, Smoke Detector(s)

Exterior & Lot

ExteriorIrrigation System, Outdoor Grill, Sliding Doors, Tennis Court(s)
Lot FeaturesFloodZone, In County, Near Golf Course, Near Public Transit
Road SurfacePaved
ViewWater
0

Waterfront

WaterfrontYes
FeaturesBay/Harbor Front, Gulf/Ocean Front, Bay/Harbor

Utilities

WaterPublic
SewerPublic Sewer
UtilitiesBB/HS Internet Available, Cable Connected, Electricity Connected

Parking

GarageNo
CarportYes

HOA & Community

HOAYes
Senior CommunityNo

Financial Details

List Price$754,900
Original Price$794,999
Annual Taxes$4,861 (2025)
FinancingCash, Conventional
ZoningR4MX
Parcel #7993812051

Schools

ElementaryAnna Maria Elementary
MiddleMartha B. King Middle
HighBayshore High

Directions

Take Gulf of Mexico Drive to Banyan Bay Club - 5270 is on the bay side - Unit 508 at back of complex on bay.

Location

5270 GULF OF MEXICO DRIVE UNIT 508, LONGBOAT KEY, FL 34228

Listing Information

OfficeMICHAEL SAUNDERS & COMPANY
ListedDecember 12, 2025

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Home Price

$754,900

20% ($150,980)
6.75%

Loan Term

Principal & Interest$3,917
Property Tax (est.)$692
Insurance (est.)$150
Total Monthly$4,759
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Nearby Schools

How to Buy This Home

Multiple financing options available for this $754,900 home in LONGBOAT KEY.

🏦

Conventional

$37,745 Down

Traditional financing. As low as 3-5% down with good credit.

Florida Down Payment Assistance Programs

You may qualify for up to $35,000 in assistance to cover your down payment and closing costs.

Florida Hometown Heroes

Up to $35,000

First-time buyers working in FL

FL Assist

Up to $10,000

FHA, VA, or USDA borrowers

FL HLP Second Mortgage

Up to $10,000

First-time buyers, 0% deferred

Manatee County SHIP

Varies

Income-qualifying Manatee residents

Can You Afford This Home?

Quick check based on the 28% debt-to-income rule. Not a guarantee — just a starting point.

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Listing information is deemed reliable but not guaranteed. All measurements and data should be independently verified. This information is provided by the Stellar MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: September 20, 2026.

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