Active
$7,495,000
Est. $45,989/mo

5005 Gulf Of Mexico Dr #4, Longboat Key, FL, 34228

$1,619/sqft·Bonaire At Longboat Key

4 bd5 ba4,630 sqft3 car garageSingle Family
Listed by DEVELOPERS REALTY LBK, INC· Last updated · MLS# A4673495

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Est. monthly payment
$45,989/mo
Down payment (20%)
$1,499,000
Property taxes
$2,581/mo
HOA
$1,715/qtr
Rate assumed
6.8% · 30 yr
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At a glance

Single family
Built 2018
Private pool
Heated
3 car garage
10,454 sqft lot
Lot size
4,630 sqft
Living area

About this home

Ceiling Fans(s)BalconyGardenOutdoor KitchenPrivate EntranceDeed RestrictionsBar FridgeBuilt-in Oven

5005 Gulf Of Mexico Dr #4 is a 2018-built home in Bonaire At Longboat Key, Longboat Key. Inside you'll find 4 bedrooms, 5 bathrooms, and 4,630 square feet of living space. Listed at $7,495,000 (about $1,619/sqft), 207 days on market. Flood zone AE - confirm flood insurance requirements with your lender. HOA runs $1,715 quarterly.

From the listing

Designed by award-winning architect, John Cooney, and built by Sarasota’s premier coastal homebuilder, Perrone Construction, this mid-Key classic is simply among Longboat Key’s finest homes. Walk in to this fully furnished home which is steps from the beach and with expansive Gulf and Bay views, this masterpiece offers more than 4300 square feet of refined interiors on the main living floors together with multiple large lanais and balconies. A beautiful foyer, large family room, and home gym are featured on the ground floor, along with an oversized three-car garage and storage room. The quality of the home’s design and construction are matched by the charm of the interior finishes and amenities. The living areas incorporate beautiful ceiling elevations, along with custom wide-plank hardwood, Italian porcelain tile, and custom plantation shutters and drapes. The Great Room flows into the chef’s kitchen which features custom cabinetry, quartz countertops, Wolf and SubZero appliances, and a temperature-controlled 275 bottle wine room. Designed for easy entertaining, the Great Room opens onto a large lanai with its gas fireplace and grill, and gorgeous Gulf and sunset views. Adjoining the kitchen is a perfect dining room with its own balcony and Gulf views, as well as a large family office/bonus room with custom cabinetry and bookshelves. The Lutron system controls both the lighting and the custom drapes and shades. The home’s elegant chandeliers and sconces bathe its interior with gracious warmth. The beautiful master suite on the main floor includes a bedroom cathedral ceiling and access to the outdoor lanai. The master bath features custom cabinetry, porcelain tile, a large steam shower, and is plumbed for a master bathtub. Three spacious guest suites, a gathering lounge, and balconies with Gulf views are found on the second living floor. A private elevator connects all levels. Both the home and exterior grounds are designed for year-round, low-maintenance living. An extensive landscape refresh in 2023 included new turf and lighting, an outdoor shower, and a great fire pit area for entertaining. Lush landscaping and a tranquil pool setting provide both screening and privacy. The home features remote controlled screening and storm shutters, extensive use of Azek composite, and other low-maintenance materials, along with a gas generator, whole-house water filtration system, central vacuum, and much more. With miles of pristine beach and bay to explore and with the abundant cultural, dining, and shopping amenities of Sarasota, St. Armand’s Circle, and Anna Maria Island nearby, this timeless home delivers the very best of Longboat Key living.

The essentials

Built
2018
Price / sqft
$1,619
On market
267 days
Annual tax
$30,971
HOA
$1,715/qtr
Flood zone
AE
Lot
10,454 sqft
Type
Single Family Residence

Location

5005 Gulf Of Mexico Dr #4
Longboat Key, FL, 34228·34228 - Longboat Key
Type
Single Family Residence
Year Built
2018
Lot
10,454 sqft
Cooling
Central Air
Heating
Central
Parking
-
Pool
Heated, In Ground
Days on Market
267
Ceiling Fans(s)
Balcony
Garden
Outdoor Kitchen
Private Entrance
Deed Restrictions
Bar Fridge
Built-in Oven
Convection Oven
Cooktop
Dishwasher
Disposal
Dryer
Electric Water Heater
Ice Maker
Microwave
Refrigerator
Homestead exemption on fileIn a CDD (Community Development District)Flood Zone AE

Annual Tax (2024)

$30,971

Parcel #

8009200259

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

Bonaire At Longboat Key

County

Manatee

MLS Area

34228 - Longboat Key

Lot Size

10,454 sqft

HOA
$1,715/qtr
Denise Henning
Date
Event
Price
5/8/2026
Price change
Source: Stellar MLS #A4673495
$7,495,000-3.9%
$1,619/sqft
Price change
Source: Stellar MLS #A4673495
$7,800,000-5.5%
$1,685/sqft
12/18/2025
Listed for sale
Source: Stellar MLS #A4673495
$8,250,000
$1,782/sqft
Est. monthly payment$45,990/mo
Principal & interest$39,089
Property taxes$2,581
Insurance$3,748
HOA$572
Down payment20% · $1,499,000
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%. HOA is the fee reported on the listing. 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: $7,495,000
$7.03M – $7.50M
93.8% – 100% of listTops out right at the list price
80% of listList price
22 of the last 43 home closings in 34228 landed at this number or higher (51%). The median one sat 95 days before it went under contract, and this one is on day 267 after a $755,000 cut.

Sample: 43 closed home sales in 34228 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

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