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$456,789

4485 GULF OF MEXICO DRIVE UNIT 402, LONGBOAT KEY, FL 34228

3D Tour
Active14 days on market

Beds

2

Baths

2

Sq Ft

1,022 sq ft

Year Built

1973

Lot Size

—

Garage

—

About This Property

Virtually Staged. Auction Property. Auction Property. This Beachfront Condominium will be sold at an Online Auction October 29 ~ November 4. 4485 GULF OF MEXICO DR, #402, LONGBOAT KEY, FL. This is a 2 Bedroom, 2 Bathroom Condominium with stunning views of the brilliant Gulf from every room and immediate beach access on Longboat Key. Arbomar Owners enjoy a heated beachfront pool, fitness center, and a welcoming well-maintained community with private coded access and an elevator. All special assessments will be paid in full by the seller at closing, eliminating future capital expense concerns for the buyer. The residence features a bright, open layout designed to capture stunning water views and coastal breezes. Significant recent improvements provide exceptional value and peace of mind, including a new roof, new balconies and walkways with diamond coating, Brand New carports within the past year and new doors and impact-rated windows throughout the community. The pool has just been resurfaced and has a brand new pump and heater. Inside, the home is ready for you to add your own flair. Ideal for full-time living, a seasonal retreat, or an income-producing beach getaway. This condo has a community washer and dryer just outside the front door, and also has a space where one could be installed inside. There are also storm shutters on the balcony for extra security. It comes with one dedicated covered parking spot and extra storage space downstairs. The amenities includes 24 hour security, pavered parking and entrance, elevators, a glistening resort style swimming pool, recreation clubhouse, shuffleboard, and fitness center. Perfectly positioned on Longboat Key, Arbomar is just minutes from St. Armands Circle, Sarasota’s dining and cultural attractions and world-class golf, and just a short trip to the Sarasota International Airport. Experience the luxury of Florida living with panoramic Gulf views and stunning sunsets every day. This building has cell phone towers on the roof that generate significant income for the association. With low maintenance fees and a great rental policy. The Milestone study and SIRS are completed and any past fees will be brought up to date at closing. This sale will come with a Warranty Deed ensuring that all taxes and condominium fees are current. This property will only be sold at Auction. ANY price in any listing or advertisement is for reference only, the selling price will be determined at auction. There is NO starting bid, you may bid any amount.

Property Overview

Property TypeResidential
Sub TypeCondominium
MLS #N6146025
StatusActive
Year Built1973
Stories9
Total Rooms6
ConstructionBlock
RoofBuilt-Up
FoundationSlab
FacesEast
SubdivisionARBOMAR APTS
CountyManatee
OwnershipFee Simple

Interior Features

InteriorLiving Room/Dining Room Combo, Primary Bedroom Main Floor, Thermostat, Walk-In Closet(s)
FlooringCeramic Tile, Laminate
AppliancesDishwasher, Range, Refrigerator
LaundryCommon Area, Laundry Closet, Other, Outside
CoolingCentral Air
HeatingCentral, Electric
SecurityFire Alarm

Exterior & Lot

ExteriorBalcony, Lighting
Road SurfaceConcrete
0

Waterfront

WaterfrontYes
FeaturesBeach, Gulf/Ocean

Utilities

WaterPublic
SewerPublic Sewer
UtilitiesElectricity Connected, Public, Sewer Connected, Water Connected

Parking

GarageNo
CarportYes

HOA & Community

HOAYes
HOA Fee$4,000 / Quarterly
Senior CommunityNo

Financial Details

List Price$456,789
Original Price$698,765
Annual Taxes$4,280 (2025)
FinancingCash, Conventional, FHA
ZoningR3MX
Parcel #8016210653

Directions

Heading North on Longboat Key from St Armands the property is on the west side of the road.

Location

4485 GULF OF MEXICO DRIVE UNIT 402, LONGBOAT KEY, FL 34228

Listing Information

OfficeNEAL VAN DE REE & ASSOCIATES
ListedOctober 1, 2026

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Home Price

$456,789

20% ($91,358)
6.75%

Loan Term

Principal & Interest$2,370
Property Tax (est.)$419
Insurance (est.)$150
Total Monthly$2,939
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How to Buy This Home

Multiple financing options available for this $456,789 home in LONGBOAT KEY.

🏛️

FHA Loan

$15,988 Down

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

🏦

Conventional

$22,839 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: October 15, 2026.

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