1055 GULF OF MEXICO DRIVE, #402, Longboat Key, FL, 34228 | $1,195,000

One or more photo(s) has been virtually staged. This direct Gulf-front residence at Beachplace presents a rare opportunity to create your dream retreat in one of Longboat Key’s most desirable communities. Positioned to capture unobstructed views of the Gulf of Mexico, this two-bedroom getaway offers the ideal canvas for personal renovation, combining a beachfront lifestyle with outstanding rental potential. Step into a light-filled floorplan where the welcoming foyer flows into a spacious living and dining area, framed by new, impact walls of glass that draw in sweeping coastal vistas. The highlight of the home is the expansive beachfront terrace—perfect for savoring evening sunsets and refreshing Gulf breezes. The smartly designed split-bedroom layout provides ideal separation for hosting guests, with the primary suite offering direct access to the terrace, a spacious closet, and an en-suite bath. Whether reimagining this residence for personal use or income generation, the fundamental elements are already in place: a premier beachfront location, brand-new windows and doors, plus a generous square footage, with a layout that maximizes privacy and views. Additional conveniences include a rare combination of one coveted covered parking space and an additional outdoor spot, offering ease for seasonal residents or visitors. Beachplace is a sought-after Gulf-front community known for its pristine beachfront access and resort-style amenities. Residents enjoy a 24-hour staffed guard gate, on-site management, a newly refreshed clubhouse, tennis courts, a well-equipped fitness center, heated swimming pool, and spa—everything needed for the quintessential Florida lifestyle. Perfectly located on the southern end of Longboat Key, this residence is just moments from the Longboat Key Club’s golf and tennis facilities. Enjoy a quick drive to the convenience of Avenue of the Flowers shopping plaza or indulge in the world-class dining and boutique shopping of St. Armands Circle. For cultural outings, downtown Sarasota offers renowned theaters, galleries, and waterfront parks just minutes away.

Features

  • Elevator: Y
  • Heating: Central, Electric
  • Cooling: Central Air
  • Levels: 6
  • Amenities: Cable TV, Clubhouse, Elevator(s), Fitness Center, Gated, Lobby Key Required, Maintenance, Pool, Recreation Facilities, Security, Spa/Hot Tub, Tennis Court(s), Vehicle Restrictions
  • Rooms: 6
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Inside, Laundry Closet
  • Complex: BEACHPLACE III
  • Year Built: 1981
  • Approx Sq. Feet: 1,392
  • Acreage: 7.98
  • Est. Taxes: $14,881
  • Condo Fee: $4,901 Quarterly
  • Lot Desc: FloodZone, In County, Landscaped, Near Golf Course, Near Marina, Oversized Lot, Private, Sidewalk
  • View: Water
  • Pet Policy: No
  • Appliances: Dishwasher, Disposal, Range
  • MLS#: A4648196
  • Days on Market: 2 days
  • Website: https://www.raveis.com
    /prop/A4648196/1055gulfofmexicodrive_longboatkey_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 4/18/2025 11:17:11 PM)
Listing courtesy of Coldwell Banker Realty   Phone: 941-383-6411

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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1055 GULF OF MEXICO DRIVE, #402, Longboat Key, FL, 34228

$1,195,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $956,000 $956,000 $956,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.500% 6.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.861% 6.637% 6.540%
Monthly Tax Payment $1,240 $1,240 $1,240
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,809 $6,043 $8,262
Total Monthly Payment $7,174 $7,408 $9,627

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.