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$499,000

5231 GULF OF MEXICO DRIVE UNIT 104, LONGBOAT KEY, FL 34228

3D Tour
Active210 days on market

Beds

1

Baths

1

Sq Ft

720 sq ft

Year Built

1973

Lot Size

Garage

About This Property

Have you dreamed of the perfect island getaway situated right on a gorgeous stretch of beach on Longboat Key? This is by far the lowest priced direct beachfront condo on the entire island and it is already completely updated! Whether you decide to use it yourself or use it as an investment with outstanding monthly rental income availability, this is the one. With a fabulous ground floor location, you can have your toes in the sand in only a few steps! This condo offers Italian porcelain tile throughout and a completely new kitchen with beautiful counter tops, all new cabinets and new appliances. The bathroom has been beautifully updated as well and features custom tile work in a seaside theme. The view is fabulous in either direction with the sparkling pool out front and the gorgeous Gulf of Mexico out back. The open living and dining area allows plenty of space to entertain or to quietly contemplate whether it’s a beach day, a day for a soak in the pool or a walk to the Covert bayside fishing pier. The bedroom offers the same stunning beach view and features storm rated sliders to the screened in lanai. The midkey location allows for easy access to multiple restaurants and shopping. The tree filled mangrove trails of Joan Durante Park are a birders’ paradise and the 12 mile long bike path give you many options to soak in the sun while getting in your daily exercise. This is island living at its best at a price you may never thought you could find!

Property Overview

Property TypeResidential
Sub TypeCondominium
MLS #A4676730
StatusActive
Year Built1973
Stories1
Total Rooms3
ConstructionStucco
RoofBuilt-Up
FoundationPillar/Post/Pier
FacesEast
SubdivisionCOVERT II
CountyManatee
OwnershipFee Simple

Interior Features

InteriorElevator, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Primary Bedroom Main Floor
FlooringPorcelain Tile
AppliancesDishwasher, Range, Refrigerator
LaundryInside
CoolingCentral Air
HeatingCentral

Exterior & Lot

ExteriorIrrigation System, Lighting, Outdoor Shower
Lot FeaturesFloodZone, City Lot, In County, Landscaped, Near Golf Course, Near Marina, Near Public Transit
Road SurfacePaved
ViewPool, Water
0

Waterfront

WaterfrontYes
FeaturesGulf/Ocean Front, Gulf/Ocean

Utilities

WaterPublic
SewerPublic Sewer
UtilitiesCable Connected, Electricity Connected, Public, Sewer Connected, Street Lights, Water Connected

Parking

GarageNo

HOA & Community

HOAYes
Senior CommunityNo

Financial Details

List Price$499,000
Original Price$615,000
Annual Taxes$6,784 (2024)
ZoningR3MX
Parcel #7994510902

Schools

ElementaryAnna Maria Elementary
MiddleMartha B. King Middle
HighBayshore High

Directions

From Gulf of Mexico Dr turn west in Convert II. Condo is on the ground floor just in front of the pool.

Location

5231 GULF OF MEXICO DRIVE UNIT 104, LONGBOAT KEY, FL 34228

Listing Information

OfficeMICHAEL SAUNDERS & COMPANY
ListedJanuary 14, 2026

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Preferred Time

Scheduling is free, and you can cancel anytime.

Home Price

$499,000

20% ($99,800)
6.75%

Loan Term

Principal & Interest$2,589
Property Tax (est.)$457
Insurance (est.)$150
Total Monthly$3,197
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Nearby Schools

How to Buy This Home

Multiple financing options available for this $499,000 home in LONGBOAT KEY.

🏛️

FHA Loan

$17,465 Down

Government-backed, low down payment. Credit scores as low as 580.

🎖️

VA Loan

$0 Down

Zero down for eligible veterans, active duty, and military families.

🏦

Conventional

$24,950 Down

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

🌾

USDA Loan

$0 Down

Zero down for eligible rural areas. Income limits apply.

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: August 15, 2026.

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