5581 Gulf Of Mexico Drive, Longboat Key, FL 34228

Local realty services provided by:ERA American Suncoast
5581 Gulf Of Mexico Drive,Longboat Key, FL 34228
$15,500,000
  • 11 Beds
  • 11 Baths
  • 8,529 sq. ft.
  • Single family
  • Active
Listed by:reid murphy
Office:developers realty lbk, inc
MLS#:A4641831
Source:MFRMLS

Price summary

  • Price:$15,500,000
  • Price per sq. ft.:$1,817.33

About this home

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

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Home facts

  • Year built:1952
  • Listing ID #:A4641831
  • Added:222 day(s) ago
  • Updated:October 05, 2025 at 11:45 AM

Rooms and interior

  • Bedrooms:11
  • Total bathrooms:11
  • Full bathrooms:9
  • Half bathrooms:2
  • Living area:8,529 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central

Structure and exterior

  • Roof:Metal
  • Year built:1952
  • Building area:8,529 sq. ft.
  • Lot area:2.02 Acres

Utilities

  • Water:Public
  • Sewer:Private Sewer

Finances and disclosures

  • Price:$15,500,000
  • Price per sq. ft.:$1,817.33
  • Tax amount:$80,316 (2024)
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