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5270 Gulf Of Mexico Dr #508, Longboat Key, FL, 34228

$517/sqft·The Banyan Bay Club

3 bd3 ba1,460 sqftCondominium
Listed by MICHAEL SAUNDERS & COMPANY· Last updated · MLS# A4673695

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Est. monthly payment
$4,720/mo
Down payment (20%)
$150,980
Property taxes
$405/mo
Rate assumed
6.8% · 30 yr
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At a glance

Condo
Built 1974
Waterfront
Bay/Harbor
Community pool
Fitness center too
Assigned parking
1,460 sqft
Living area

About this home

Cathedral Ceiling(s)Ceiling Fans(s)Eat-in KitchenHigh CeilingsOpen FloorplanPrimary Bedroom Main FloorSplit BedroomStone Counters

5270 Gulf Of Mexico Dr #508 is a 1974-built home in The Banyan Bay Club, Longboat Key. Inside you'll find 3 bedrooms, 3 bathrooms, and 1,460 square feet of living space. Listed at $754,900 (about $517/sqft), 249 days on market. Flood zone AE - confirm flood insurance requirements with your lender.

From the listing

Rarely available and beautifully positioned, this 3-bedroom, 3-bath fully furnished residence with UNOBSTRUCTED FULL BAY VIEWS invites you to experience true beach-to-bay living in the coveted community of Banyan Bay on the north end of Longboat Key. From sunrise coffees on your private terrace to evenings spent watching dolphins glide across the bay, this home offers an effortless blend of comfort, coastal elegance, and unforgettable daily moments. Set within an intimate community of just 26 Bayside and 18 Gulf side residences, Banyan Bay provides a peaceful retreat with exceptional amenities. Start your mornings with a stroll along your private Gulf beach access, join neighbors for a friendly match on the tennis/pickleball court, launch a kayak directly onto the bay, or unwind by the heated pool after a day on the water. A day dock/fishing pier, fitness center, clubhouse, and convenient bicycle storage further enhance the lifestyle of this warm, social community. Inside, more than 1,400 square feet of thoughtfully designed living space showcases a spacious kitchen with granite countertops, SS appliances, and a breakfast bar and nook ideal for casual dining or gathering with friends. The open great-room layout features soaring ceilings that fill the home with natural light and frame the captivating bayfront scenery. The primary suite offers its own private terrace overlooking the shimmering water—perfect for quiet mornings or evening breezes. A guest suite on the main level ensures comfort and privacy, while a charming spiral staircase leads to a versatile loft and a spacious third bedroom suite—ideal for hosting visitors, working remotely, or enjoying a dedicated creative space. Terra cotta tile flooring throughout the first level brings warmth and coastal character, while Tommy Bahama inspired finishes make this turnkey furnished residence with a NEW AC (Aug 2026) truly move-in-ready. Beyond the community, you’ll find yourself within walking-distance to restaurants and the Centre Shops. Durante Park and the Longboat Key Center for the Arts are just moments away, adding convenience and charm to the neighborhood. Discover the rare combination of lifestyle, location, and waterfront living that only Banyan Bay can offer—where every day feels like a coastal escape.

The essentials

Built
1974
Price / sqft
$517
On market
273 days
Annual tax
$4,861
Flood zone
AE
Type
Condominium

Location

5270 Gulf Of Mexico Dr #508
Longboat Key, FL, 34228·34228 - Longboat Key
Type
Condominium
Year Built
1974
Lot
-
Cooling
Central Air
Heating
Central, Electric
Parking
Assigned
Waterfront
Bay/Harbor
Days on Market
273
Cathedral Ceiling(s)
Ceiling Fans(s)
Eat-in Kitchen
High Ceilings
Open Floorplan
Primary Bedroom Main Floor
Split Bedroom
Stone Counters
Thermostat
Vaulted Ceiling(s)
Walk-in Closet(s)
Window Treatments
Outdoor Grill
Sliding Doors
Tennis Court(s)
Association Recreation - Owned
Buyer Approval Required
Clubhouse
Deed Restrictions
Fitness Center
Pool
Dishwasher
Dryer
Electric Water Heater
Microwave
Range
Refrigerator
Washer

Elementary

Anna Maria Elementary

Middle

Martha B. King Middle

High

Bayshore High

Districts can re-zone, so verify directly with the district before relying on these.

Homestead exemption on fileFlood Zone AE

Annual Tax (2025)

$4,861

Parcel #

7993812051

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

The Banyan Bay Club

County

Manatee

MLS Area

34228 - Longboat Key

Lot Size

-

FloodZoneIn CountyNear Golf CourseNear Public TransitPaved
Date
Event
Price
7/2/2026
Price change
Source: Stellar MLS #A4673695
$754,900-2.6%
$517/sqft
Price change
Source: Stellar MLS #A4673695
$774,900-2.5%
$531/sqft
12/12/2025
Listed for sale
Source: Stellar MLS #A4673695
$794,999
$545/sqft
Est. monthly payment$4,720/mo
Principal & interest$3,937
Property taxes$405
Insurance$377
Down payment20% · $150,980
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: $754,900
$710,000 – $754,900
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 273 after a $40,099 cut.

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

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