4725 Gulf Of Mexico Dr #212

$439,000, 2 Beds 2 Baths 1,071 Sqft 4.93 Acres

About This Property

Great income producer! As of April 1, 2019, 85 % booked for this year. 2020 already booked until mid April. This extensively updated condo has a kitchen with granite countertops and contemporary cabinets, fully updated bathrooms with granite, tile flooring with sound insulation. New AC in 2017, new water heater 12/2018. This condo even offers a peak of the Gulf. The balcony is sizable and allows up to six to sit comfortably. It comes fully furnished and extremely well maintained. Sand Cay is a beautiful and immaculate Gulf-front beach resort with lush, tropical landscaping, tennis court, pool, shuffleboard, a barbecue area at the beach and its own private beach with lounge chairs and showers. This condo serves as a great investment since the association allows a three-night minimum stay and runs an on-site vacation rental management. Perfect investment. This unit has an amazing rental history with lots of repeat customers. The net operating income in 2018, even with 31 days of owner use, was $ 29,557 which yields a 6.7 % cap rate. Excellent online reviews. No need to worry about the future: The whole building went through an extensive reconstruction. This included building anchoring, exterior walls, windows, doors, stairways, walkways and steel beams. The owner paid about $85,000 special assessment! Additionally, in 2016 a new metal roof was installed. In order to avoid special assessments in the future a big share of the condo fees feeds a reserve fund.

Essential Information

MLS® #A4414979
Price$439,000
Bedrooms2
Bathrooms2.00
Full Baths2
Square Footage1,071
Acres4.93
Year Built1974
TypeResidential
Sub-TypeCondo
StatusActive

Community Information

Address4725 Gulf Of Mexico Dr #212
AreaLongboat Key
SubdivisionSand Cay A Condo
CityLongboat Key
CountyManatee County
StateFL
Zip Code34228

Amenities

ParkingAssigned, Open
GaragesUnder Building Parking
Is WaterfrontYes
WaterfrontGulf/Ocean

Utilities

Cable Available, Electricity Connected, Public

Features

Elevators, Laundry Facility, Pool, Shuffleboard, Tennis Courts, Buyer Approval Required, Deed Restricted, Water Access, Waterfront

View

Flood Zone, In City Limits, Level, Near Golf Course, Garden View, Pool View, Water View

Interior

InteriorPorcelain Tile
HeatingCentral, Electric
CoolingCentral Air
# of Stories3
StoriesOne Story

Interior Features

Ceiling Fans(s), Window Treatments

Appliances

Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator

Exterior

ExteriorStucco
WindowsBlinds
RoofMetal
FoundationSlab

Exterior Features

Balcony/Sun Deck, Tennis Court(s), Trees/Landscaped

Additional Information

Days on Market233
ZoningT6

Listing Details

OfficePremier Sothebys Intl Realty

Get directions to this property:

4725 Gulf Of Mexico Dr #212, Longboat Key (MLS® #A4414979) Property History

Price Reduced from $469,000 to $439,000
Price Reduced from $499,000 to $469,000
Price Reduced from $549,000 to $499,000

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Listing data comes from My Florida Regional MLS.

Listing information last updated on May 24th, 2019 at 5:00pm CDT.

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