Active
$1,299,000
Est. $8,595/mo

1055 Gulf Of Mexico Dr #504, Longboat Key, FL, 34228

$864/sqft·Beachplace III

2 bd2 ba1,503 sqftCondominium
Listed by COLDWELL BANKER REALTY· Last updated · MLS# A4663883

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Est. monthly payment
$8,595/mo
Down payment (20%)
$259,800
Property taxes
$1,171/mo
Rate assumed
6.8% · 30 yr
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At a glance

Condo
6 stories · 1981
Waterfront
Beach Front
Community pool
Fitness center too
Private balcony
Outdoor space
1,503 sqft
Living area

About this home

Eat-in KitchenLiving Room/Dining Room ComboOpen FloorplanSolid Surface CountersSolid Wood CabinetsSplit BedroomStone CountersWindow Treatments

1055 Gulf Of Mexico Dr #504 is a 1981-built home in Beachplace III, Longboat Key. Inside you'll find 2 bedrooms, 2 bathrooms, and 1,503 square feet of living space. Listed at $1,299,000 (about $864/sqft), 351 days on market. Flood zone AE - confirm flood insurance requirements with your lender.

From the listing

This direct Gulf-front residence at Beachplace offers an extraordinary opportunity to enjoy the very best of Longboat Key’s beachfront lifestyle. Perfectly positioned to capture unobstructed views of the Gulf of Mexico, this furnished two-bedroom home combines a serene coastal retreat with strong rental potential—producing an average of $70,000 annually in gross rentals. Whether you envision it as your move-in-ready getaway, a property to personalize, or an income-producing property, the possibilities here are unmatched. From the moment you step inside, natural light fills the open floor plan. The welcoming foyer flows into a spacious living and dining area, framed by newer impact-rated walls of glass that extend to the private terrace. This expansive beachfront balcony is a highlight of the home, offering front-row seats to breathtaking sunsets, the sound of gentle waves, and refreshing Gulf breezes. The split-bedroom layout is designed for comfort and privacy. The primary suite enjoys direct terrace access, a large closet, and an en-suite bath with dual vanities. The guest bedroom is equally inviting and privately situated, ideal for hosting family or visitors. Additional features include tile flooring throughout, a well-appointed granite kitchen, and deeded parking—adding everyday ease for seasonal or year-round living. Life at Beachplace feels like a private resort. This sought-after community offers residents 24-hour staffed security, on-site management, a clubhouse perfect for a lively escape, along with Har-Tru tennis courts, a modern fitness center, and heated swimming pool with spa. Pristine beachfront access and lushly landscaped grounds create the ultimate Florida lifestyle. Located on the southern end of Longboat Key, Beachplace provides unmatched convenience. You’re just minutes from the Longboat Key Club’s golf and tennis facilities, the boutique shops and dining of St. Armands Circle, and the vibrant cultural venues of downtown Sarasota—including theaters, galleries, and waterfront parks. From beachside relaxation to world-class dining and entertainment, everything that defines Sarasota living is within easy reach.

The essentials

Built
1981
Price / sqft
$864
On market
367 days
Annual tax
$14,051
Flood zone
AE
Lot
347,578 sqft
Type
Condominium

Location

1055 Gulf Of Mexico Dr #504
Longboat Key, FL, 34228·34228 - Longboat Key
Type
Condominium
Year Built
1981
Lot
347,578 sqft
Cooling
Central Air
Heating
Central, Electric
Parking
Deeded, Guest
Waterfront
Beach Front, Gulf/Ocean
Days on Market
367
Eat-in Kitchen
Living Room/Dining Room Combo
Open Floorplan
Solid Surface Counters
Solid Wood Cabinets
Split Bedroom
Stone Counters
Window Treatments
Balcony
Lighting
Sidewalk
Tennis Court(s)
Association Recreation - Owned
Buyer Approval Required
Clubhouse
Community Mailbox
Deed Restrictions
Fitness Center
Gated Community - Guard
Pool
Sidewalks
Special Community Restrictions
Dishwasher
Disposal
Dryer
Electric Water Heater
Microwave
Range
Refrigerator
Washer
Flood Zone AE

Annual Tax (2024)

$14,051

Parcel #

0010033028

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision

Beachplace III

County

Sarasota

MLS Area

34228 - Longboat Key

Lot Size

347,578 sqft

FloodZoneIn CountyLandscapedNear Golf CourseNear MarinaPrivate
Date
Event
Price
9/9/2025
Listed for sale
Source: Stellar MLS #A4663883
$1,299,000
$864/sqft
Est. monthly payment$8,595/mo
Principal & interest$6,775
Property taxes$1,171
Insurance$650
Down payment20% · $259,800
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Offer Insights

Choose an offer strength

List price: $1,299,000
$1.23M – $1.30M
94.4% – 100% of listTops out right at the list price
80% of listList price
57 of the last 112 condo closings in 34228 landed at this number or higher (51%). The median one sat 88 days before it went under contract, and this one is on day 367.

Sample: 112 closed condo sales in 34228 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

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