5581 Gulf Of Mexico Drive, LONGBOAT KEY, FL

$15,500,000

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11

Beds

11

Baths

8,529

Square feet

2.02

Acres

About 5581 Gulf Of Mexico Drive

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 !

Features of 5581 Gulf Of Mexico Drive

MLS® # A4641831
Price $15,500,000
Bedrooms 11
Bathrooms 11.00
Full Baths 9
Half Baths 2
Square Footage 8,529
Acres 2.02
Year Built 1952
Type Residential
Sub-Type Single Family Residence
Status Active
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Listing Details

OfficeDEVELOPERS REALTY LBK, INC

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