5581 Gulf Of Mexico Drive, LONGBOAT KEY, FL 34228

 -  $15,500,000

MLS® # A4641831

  • 11 Bedrooms
  • 11 Bathrooms
  • 8,529 SQ. Feet
  • 1952 Year Built

Sought after slice of beachfront paradise on the exclusive island of Longboat Key. Rarely available 2 acre property with 200 feet of beach frontage on the Gulf of America. Currently it hosts a quaint inn featuring ten suites and one cottage, all had been renovated with timeless old Florida decor. The property is surrounded by tropical blooms , lush foliage, vine covered arbors, swaying palm trees, a private gazebo, and a heated swimming pool. Amazing opportunity for a new development, or alternatively a chance to easily bring the property back to its recent glory. The property has been approved to build two single family homes or a six unit luxury Condominium. This fantastic location is near the growing number of top restaurants and attractions . Walk to Harry's Euphemia Haye, Lazy Lobster, new local favorite Lo' Key or stroll over to the bay at Durante Park. All this is just a short drive to the renowned shopping, dining and cultural attractions of St Armands Circle, as wells Downtown Sarasota and Anna Maria Island. So many possibilities for this location, location , location !

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Property

Location

Size And Restrictions

  • Acres2.02

Improvements

  • FenceNo
  • SprinklerNo

Market

Interior

Bedrooms And Bathrooms

  • Bedrooms11
  • Bathrooms11.00

Heating And Cooling

  • HeatingCentral
  • Air ConditioningCentral Air

Interior Features

  • AppliancesDishwasher, Disposal
  • FeaturesCeiling Fans(s)

Building

Building Information

  • Year Built1952
  • RoofMetal

Property Features

  • Exterior FeaturesBalcony, Courtyard, French Doors

Info

  • OfficeDEVELOPERS REALTY LBK, INC

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Listing data comes from My Florida Regional MLS DBA Stellar MLS.

Listing information last updated on May 16th, 2025 at 6:19am EDT.

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Allen Real Estate Services, Inc.
7131 Curtiss Ave. Suite 1
Sarasota, Florida 34231
Tel: (941) 923-7777
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