5125 GULF OF MEXICO DRIVE #7

Longboat Key, FL 34228
$1,250,000
1024 sqft | 2 beds | 2 baths | #A4616212
For Sale

Description

Exceptional Investment Opportunity: Turnkey Furnished Condo at Seagrape Inn** Discover an exceptional investment opportunity with this elegant, fully renovated, turnkey furnished condo in the exclusive boutique-style Seagrape Inn, a resort with only eight units. Nestled beachside on the beautiful Gulf of Mexico, the Seagrape Inn offers an idyllic setting for both personal use and rental income. Owners can enjoy unlimited personal usage while benefiting from a lucrative rental program managed by a professional on-site property manager, with no minimum rental restrictions. This condo promises potential annual revenue exceeding $106,000 currently, while still allowing ample personal use. The current owners have a profit and loss statement ready to share. The Seagrape Inn is meticulously maintained, featuring lush landscaping in an upscale tropical setting. Unit 7, located on the second floor, offers exceptional views of the ocean and pool. Relax on your screened lanai, enjoying the warm breeze with your morning coffee, afternoon cocktail, or a good book. Inside, the spacious open floor plan provides plenty of room to unwind, complete with all new, comfortable furniture and a flat-screen TV in the living area.The fully renovated interior boasts first-class materials and finishes throughout the entire space. Improvements made 2023/2024 include new luxury waterproof vinyl floors throughout, new interior paint, new doors and trim, a full kitchen renovation with new cabinets, granite countertops, and appliances. Both bathrooms have been fully renovated with new tiles, vanities, and showers. The primary bedroom features an inviting king-size bed, ample closet space, a flat-screen TV, and a recently remodeled bathroom. The second bedroom includes a queen-size bed, a flat-screen TV, and a recently remodeled bath as well. A new A/C unit was installed in 2021. This condo is sold fully turn-key furnished and, includes dedicated parking an owner's locker, and is conveniently located near restaurants and shops. The complex recently installed hurricane windows and doors. Amenities at Seagrape Inn include: - Private Entrance to Each Condo - Private Heated Pool - Private Beach Area with Lounge Chairs & Umbrellas - On-Site Laundry & Ice Machine - Upgraded Wi-Fi throughout the Resort - Cable TV - Gazebo with Gas BBQ Grill - Beach Towels & Linens Enjoy the extremely private, quiet, and serene atmosphere of this lovely condo, the perfect getaway to relax and enjoy spectacular Gulf sunsets while creating new memories. Don't miss this opportunity! ****Please note, the HOA quarterly fee includes the onsite Rental/CAM Managers salary. Beyond the CAM manager's responsibility of operations expense, upkeep, board meetings, financials, etc.. She also handles all Rental bookings, advertising, cleaning, receipts, ect…. BUT there is no money owed or due for these rental agent services as it is already built into your quarterly hoa fee.****
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  • Property Details
      • Interior:Living Room/Dining Room Combo, Open Floorplan, Split Bedroom, Thermostat
      • Bedrooms:2
      • Bathrooms:2
      • Full Baths:2
      • View:Water
      • Stories:2
      • Lot description:CoastalConstruction Control Line, FloodZone, City Limits, Near Marina, Sidewalk
      • Exterior materials:Balcony, Hurricane Shutters, Irrigation System, Lighting, Outdoor Grill, Sidewalk, Sliding Doors
      • Square Feet:1024
      • Property type:Purchase
      • Year built:1983
      • Foundation:Block, Slab, Stem Wall
      • Sewer information:Public Sewer
      • Utility source:Public
      • Utility features:BB/HS Internet Available, Cable Available, Electricity Connected, Public, Street Lights, Underground Utilities
      • Subdivision:SEAGRAPE INN
      • Elementary School:Anna Maria Elementary
      • Middle School:Martha B. King Middle
      • High School:Bayshore High
      • County:Manatee
      • Original List Price:$1, 250, 000
      • Days on Market (Cumulative):174
      • Taxes annual:$7, 654
      • Hoa fees:7069
      • Pets Allowed:Yes
      • MLS #:A4616212
      • Cost:1250000
      • Property subtype:Condominium
      • MLS #:A4616212
      • Property condition:Completed

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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Del Amo Realty

Last Updated: . Source: SMLS

Listing Courtesy
Listing Agent: Jesse Griffin
Listing Office: CENTURY 21 BEGGINS ENTERPRISES

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6.0%

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    IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Del Amo Realty