3515 GULF OF MEXICO DRIVE, LONGBOAT KEY, FL 34228
$3,749,000
Residential Lots Taxes: $60,433.00 Type: Residential Listed on 03/29/2016 MLS # A4150139

Description of 3515 GULF OF MEXICO DRIVE, LONGBOAT KEY, FL 34228

Magnificent and rare direct Gulf front parcel spanning 425' of beautiful sandy beach and captivating views of azure blue water from the Gulf of Mexico. This 1.42 acre lot is a fabulous real estate offering on the highly sought after southern portion of Longboat Key and is just a short drive to Longboat Key Club and their many amenities, golf, tennis and fitness center. Downtown Sarasota is just a quick hop over the Ringling Bridge or Anna Maria is a short and beautiful waterfront drive to the North. The property has a town approved variance for a gulf front set back of 87' and not the required 150' setback, a building footprint of 180' wide and 60' deep and the the approval to build up to an air-conditioned space of 11,200sf. This is a chance of a lifetime to own your own piece of beachfront paradise as there are very few opportunities to build your own residence on a vacant Gulf front parcel. List price is below recent Don Saba & Associates appraisal.

Directions to 3515 GULF OF MEXICO DRIVE, LONGBOAT KEY, FL 34228

From south Longboat Key, go north on Gulf of Mexico Drive to 3515 on the Gulf side of road across from Buttonwood Harbor..

Features of 3515 GULF OF MEXICO DRIVE, LONGBOAT KEY, FL 34228

Schools

  • Elementary school: Southside Elementary
  • High school: Booker High
  • Middle school: Booker Middle

Lot

  • Frontage: 425
  • Lot acreage is: 1.42
  • Lot dimension is: irregular
  • Lot has beach access
  • Lot has water view
  • Lot has western exposure
  • Lot on or near gulf
  • Lot on state road
  • Lot zoned: R3MX
  • Present use: Single Family
  • Subdivision: LONGBOAT SHORES
  • Waterfront lot

Utilities

  • Sewer

Other

  • Pets allowed
  • Tax year: 2016

Mortgage Payments for 3515 GULF OF MEXICO DRIVE, LONGBOAT KEY, FL 34228

The approximate monthly Principal & Interest payment for this property would be $22,212. This payment is based on a 30-year loan at a fixed rate of 4.54 % with a down payment of $374,900. Actual lender interest rates and loan programs may vary.

Use our Mortgage Payment Calculator to determine a more exact payment estimate.