$439,000
$439,000
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4725 GULF OF MEXICO DR #212 Longboat Key, FL 34228
2 Beds
2 Baths
1,071 SqFt
Key Details
Sold Price $439,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 1,071 sqft
Price per Sqft $409
Subdivision Sand Cay A Condo
MLS Listing ID A4414979
Sold Date 12/12/19
Bedrooms 2
Full Baths 2
Condo Fees $3,129
Construction Status Inspections
HOA Y/N No
Year Built 1974
Annual Tax Amount $6,440
Lot Size 4.930 Acres
Acres 4.93
Property Description
Immaculate. 6.7 % cap rate in 2018. Plentiful booked for 2020 already. 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 peek 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 yielded 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.
Location
State FL
County Manatee
Community Sand Cay A Condo
Zoning T6
Interior
Interior Features Ceiling Fans(s), Window Treatments
Heating Central, Electric
Cooling Central Air
Flooring Tile
Furnishings Furnished
Fireplace false
Appliance Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator
Laundry Outside
Exterior
Exterior Feature Balcony, Tennis Court(s)
Parking Features Assigned, Open
Community Features Buyer Approval Required, Deed Restrictions, Pool, Tennis Courts, Water Access, Waterfront
Utilities Available Cable Available, Electricity Connected, Public
Amenities Available Elevator(s), Laundry, Pool, Shuffleboard Court, Tennis Court(s)
Waterfront Description Gulf/Ocean
View Y/N 1
Water Access 1
Water Access Desc Gulf/Ocean
View Garden, Pool, Water
Roof Type Metal
Garage false
Private Pool No
Building
Lot Description FloodZone, City Limits, Level, Near Golf Course
Story 3
Entry Level One
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Stucco
New Construction false
Construction Status Inspections
Others
Pets Allowed No
HOA Fee Include Cable TV,Pool,Escrow Reserves Fund,Insurance,Maintenance Structure,Pest Control,Pool,Recreational Facilities,Trash
Senior Community No
Ownership Condominium
Monthly Total Fees $1, 043
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with COLDWELL BANKER RES R E