Property 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.****

Features
: In Ground, Heated, Gunite
: Central
: Central Air
: Covered, Screened
: Traditional
: Balcony, Sidewalk, Sliding Doors, Hurricane Shutters, Irrigation System, Lighting, Outdoor Grill
: Ceramic Tile, Luxury Vinyl
: Thermostat, Open Floorplan, Living Room/Dining Room Combo, Split Bedroom
: Other
1
: Public Sewer
: Electricity Connected, Cable Available, Public, Underground Utilities, BB/HS Internet Available, Street Lights
: Beach Front
: Blinds
Appliances
: Convection Oven, Dishwasher, Disposal, Microwave, Refrigerator, Electric Water Heater, Range Hood
Address Map
US
FL
Manatee
Longboat Key
SEAGRAPE INN
34228
GULF OF MEXICO
5125
DRIVE
W83° 20' 44.2''
N27° 24' 22.7''
South
Gulf of Mexico Dr. to Seagrape Inn
34228 - Longboat Key
7
LBK_R-3MX
Neighborhood
Anna Maria Elementary
Bayshore High
Martha B. King Middle
Additional Information
: Public
GULF OF MEXICO
https://www.propertypanorama.com/instaview/stellar/A4616212
2
2024-07-05
: Sidewalk, Near Marina, City Limits, CoastalConstruction Control Line, FloodZone
: One
: Block, Slab, Stem Wall
: Stucco, Concrete
: Pool, Deed Restrictions, Association Recreation - Owned
1024
Laundry,Maintenance,Storage
Financial
7069
Quarterly
: Pool, Maintenance Structure, Trash, Water, Maintenance Grounds, Escrow Reserves Fund, Sewer, Management, Maintenance
1
7654
Listing Information
260500941
281522857
Cash,Conventional
Active
2024-12-08T19:05:14Z
Stellar
: None
2024-07-05T20:09:21Z

Residential For Sale

5125 Gulf Of Mexico Dr #7, Longboat Key, Florida 34228

2 Bedrooms
2 Bathrooms
961
$1,250,000
Listing ID #A4616212
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : A4616212
Price : $1,250,000
View : Water
Bedrooms : 2
Bathrooms : 2
Square Footage : 961
Year Built : 1983
Office Name : CENTURY 21 BEGGINS ENTERPRISES
Agent Name : Jesse Griffin
Full Bathrooms : 2
Property Sub Type : Condominium
Roof : Membrane
Waterfront Yn : 1
Listing Status : Active
Agent info
Contact Agent