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$550,000

5260 GULF OF MEXICO DRIVE UNIT 413, LONGBOAT KEY, FL 34228

3D Tour
Active96 days on market

Beds

2

Baths

2

Sq Ft

1,155 sq ft

Year Built

1974

Lot Size

—

Garage

—

About This Property

Move-in-ready condition, ground-floor bayside condominium with Sarasota Bay views and deeded private Gulf beach access in the sought-after Banyan Bay Club! Discover effortless coastal living in this beautifully updated 2-bedroom, 2-bath residence offering 1,155 square feet on the bayside of Longboat Key. Thoughtfully renovated throughout, this inviting home features new luxury vinyl plank flooring, new kitchen appliances, updated bathrooms with new vanities, and a bright, open floor plan designed for comfortable island living. Enjoy Sarasota Bay views from the living room, primary bedroom, and private rear patio. Step directly from your patio onto the beautifully landscaped lawn, where you can enjoy your morning coffee, watch boats and dolphins pass by, observe abundant coastal wildlife, and welcome beautiful Florida sunrises. The convenient ground-floor location offers effortless access and seamlessly blends indoor and outdoor living. Residents of this pet-friendly community enjoy the best of both worlds with deeded private Gulf beach access and outstanding amenities, including a heated pool, clubhouse, pickleball, tennis, fishing pier, kayak storage and launch, and assigned parking. Whether you enjoy boating, kayaking, fishing, shelling, or relaxing on the beach, this community offers the quintessential Longboat Key lifestyle. Ideally located near championship golf, waterfront dining, marinas, boutique shopping, St. Armand's Circle, and downtown Sarasota, this exceptional residence is perfect as a primary home, seasonal retreat, or investment opportunity. Don't miss this rare opportunity to own an updated, move-in-ready, bayside condominium with Sarasota Bay views, deeded private Gulf beach access, and the relaxed elegance of island living. EASY TO SHOW. SUPRA ON storeroom door across from front door.

Property Overview

Property TypeResidential
Sub TypeCondominium
MLS #A4698906
StatusActive
Year Built1974
Stories2
Total Rooms5
ConstructionBlock, Stucco
RoofShingle
FoundationSlab
FacesNorth
SubdivisionTHE BANYAN BAY CLUB
CountyManatee
OwnershipCondominium

Interior Features

InteriorCeiling Fan(s), Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Split Bedroom, Thermostat, Walk-In Closet(s), Window Treatments
FlooringCeramic Tile, Luxury Vinyl
AppliancesDishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator, Washer
LaundryElectric Dryer Hookup, Inside, Laundry Closet, Washer Hookup
WindowsBlinds, Window Treatments
CoolingCentral Air
HeatingCentral, Electric

Exterior & Lot

ExteriorIrrigation System, Lighting, Sidewalk, Sliding Doors, Storage, Tennis Court(s)
Lot FeaturesFloodZone, Greenbelt, Landscaped, Sidewalk
Road SurfacePaved, Asphalt
ViewPark/Greenbelt, Water
0

Waterfront

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

Utilities

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

Parking

GarageNo
CarportYes

HOA & Community

HOAYes
Senior CommunityNo

Financial Details

List Price$550,000
Annual Taxes$2,618 (2025)
FinancingCash, Conventional
ZoningR4MX
Parcel #7993811608

Schools

ElementaryAnna Maria Elementary
MiddleMartha B. King Middle

Directions

Gulf of Mexico Dr. to 5200 Block. Turn east into Banyan Bay. Park at tennis court. #413 will be in the first building on the right on ground floor.

Location

5260 GULF OF MEXICO DRIVE UNIT 413, LONGBOAT KEY, FL 34228

Listing Information

OfficeMICHAEL SAUNDERS & COMPANY
ListedJuly 2, 2026

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Home Price

$550,000

20% ($110,000)
6.75%

Loan Term

Principal & Interest$2,854
Property Tax (est.)$504
Insurance (est.)$150
Total Monthly$3,508
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Nearby Schools

How to Buy This Home

Multiple financing options available for this $550,000 home in LONGBOAT KEY.

🏦

Conventional

$27,500 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: August 23, 2026.

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