Property Search/LONGBOAT KEY/NEPTUNE ON LONGBOAT KEY

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PendingPrice improved $44,500123 days on market

$324,000~~$368,500~~

2850 GULF OF MEXICO DR #5LONGBOAT KEY, FL 34228NEPTUNE ON LONGBOAT KEY · Condominium

1Beds

1Baths

657Sq ft

1967Built

About this home

A renovated condo directly across from public beach access under $350,000. on Longboat Key? This is the one you've been looking for! Perfectly positioned for both personal enjoyment and strong rental income potential. Whether you're seeking a low-maintenance vacation escape or an income-generating property, this location checks all the boxes. Walk across the street to watch sunset on the sand, then stroll to Publix, Bayfront Park's tennis & pickleball courts, the library, or one of the island’s cozy dining spots. Everything your guests—or you—could want is right at your doorstep. The unit feat…

Description as provided by the listing brokerage.

Highlights

Other
Crown Molding
Open Floorplan
Primary Bedroom Main Floor
Walk-In Closet(s)
Window Treatments
Built-Up
Tile
None

Open houses

No open houses scheduled.

Can't make it? Request a private showing.

The details

StatusPending

MLS #MFRA4691701

Property typeCondominium

Year built1967

Living area657 sq ft

Price per sq ft$493

CDDNo

Taxes$4,601 (2025)

Stories2

Days on market123

CountySarasota

Flood zoneAE (verify)

FurnishedTurnkey

ListedApr 22, 2026

Features & property details

Interior

Full baths1

Half baths0

Rooms3

Additional roomsStorage Rooms

FlooringTile

AppliancesBuilt-In Oven, Cooktop, Dishwasher, Electric Water Heater, Freezer, Ice Maker, Microwave, Refrigerator, Washer

Interior featuresCrown Molding, Open Floorplan, Primary Bedroom Main Floor, Walk-In Closet(s), Window Treatments

LaundryCommon Area, Inside

FireplaceNo

WindowsInsulated Windows, Shutters

CoolingCentral Air

HeatingElectric

In-law suite0

Exterior & lot

Exterior featuresOther

Patio & porchPorch, Screened

Lot featuresFlood Zone, City Limits, In County, Near Golf Course, Near Marina, Near Public Transit

Lot dimensions0

FacesEast

Road surfaceAsphalt

Construction

StyleFlorida

ConstructionBlock

FoundationSlab

RoofBuilt-Up

ConditionCompleted

Living area sourcePublic Records

Building area (sq ft)700

Parking

GarageNo

Attached garageNo

CarportNo

Parking featuresCommon

Pool & water

SpaNo

Water accessBeach

Waterfront feet0

Dock0

Community & HOA

AssociationRachael Brown

Fee includesCommon Area Taxes, Electricity, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Maintenance, Management, Pest Control, Trash, Water

Total monthly fees$500

Total annual fees$6,000

Monthly condo fee$500

Condo fees$1,500

Condo fee termQuarterly

Community featuresNone, Street Lights

55+ communityNo

PetsCats OK, Dogs OK, Yes

Number of pets2

Minimum lease1 Month

Lease restrictions1

Lease notesSee Lease Restrictions

SW communityNeptune On Longboat Key

Building

BuildingNEPTUNE ON LONGBOAT KEY

Unit5

Floor1

Elevator0

Utilities & efficiency

UtilitiesElectricity Available, Electricity Connected, Public, Water Available, Water Connected

SewerPublic Sewer

Water sourcePublic

Financial & terms

CDD0

Tax year2,025

Homestead0

Listing termsCash, Conventional

OwnershipFee Simple

Special conditionsNone

Home warrantyNo

ZoningR2SF

OccupantVacant

MLS area34228 - Longboat Key

Where it sits

Open in Maps

Approximate location shown. Exact address available on request per listing brokerage.

Schools

ElementarySouthside ElementarySarasota County

MiddleBooker MiddleSarasota County

HighBooker HighSarasota County

School assignments change; verify with the district before relying on them.

Where you'd be

NEPTUNE ON LONGBOAT KEY, Florida

LONGBOAT KEY · Sarasota County

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Stellar MLSMLS# MFRA4691701Listing courtesy of MICHAEL SAUNDERS & COMPANYLast updated Aug 31, 2026, 11:05 AM

$324,0002850 GULF OF MEXICO DR #5 · LONGBOAT KEY

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