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5260 Gulf Of Mexico Dr #403, Longboat Key, FL, 34228

$576/sqft·The Banyan Bay Club

2 bd2 ba1,128 sqftCondominium
Listed by MICHAEL SAUNDERS & COMPANY· Last updated · MLS# A4677090

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Est. monthly payment
$4,208/mo
Down payment (20%)
$130,000
Property taxes
$493/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
1,128 sqft
Living area

About this home

Ceiling Fans(s)Eat-in KitchenKitchen/Family Room ComboPrimary Bedroom Main FloorSolid Surface CountersSolid Wood CabinetsSplit BedroomStone Counters

5260 Gulf Of Mexico Dr #403 is a 1974-built home in The Banyan Bay Club, Longboat Key. Inside you'll find 2 bedrooms, 2 bathrooms, and 1,128 square feet of living space. Listed at $649,999 (about $576/sqft), 194 days on market. Flood zone AE - confirm flood insurance requirements with your lender.

From the listing

This beautifully maintained, ground-floor 2-bedroom, 2-bathroom condo in the desirable Banyan Bay Club offers an exceptional opportunity to own a spacious, modern / updated, move-in-ready home perfectly positioned in a charming, pet-friendly gulf-to-bay community. This unit combines convenience, amenities, and a relaxed coastal lifestyle—all at an outstanding location. This Banyan Bay condominium has an open floor plan with plank style ceramic tile throughout, recently updated featuring new cabinets, vanities, quartzite/quartz countertops and new stainless steel appliances; new Central Air system, and new hot water heater, in-unit full-size washer & dryer, modern tile design in bath, extra sleeping nook for added flexibility, tastefully furnished (can be sold furnished), private patio nestled under a majestic banyan tree-ideal for morning coffee or evening cocktails, large glass hurricane sliders & windows offering a garden view, fiber optic internet included for each unit. SQUARE FOOTAGE IN SLEEPING NOOK IS ADDED TO MAKE THE INTERIOR SQ FTG 1163. The resort-Style Community Amenities (steps from your door): heated community swimming pool, newly resurfaced tennis and pickleball court, fully equipped fitness center, clubhouse with social hall and full kitchen, new day dock, fishing pier, kayak/paddleboard launch, & storage, private gulf beach access with complimentary lounge chairs on the sand, assigned covered carport parking plus ample guest parking, exterior storage for beach gear, on-site manager and carefree exterior maintenance handled by the association, bicycle storage and mature tropical landscaping with giant banyan trees. Unbeatable Location-why Mid-Key is Best! Everything you need is within walking distance; numerous restaurants & cafes, boutiques, beautiful Durante Park with shaded trails and playground, 3 minute walk to your private Gulf beach, 1-minute walk to the community pool, gym, clubhouse, and courts,. This 44-unit condominium offers a social atmosphere, plenty of activities, up to 2 pets allowed (no weight or size limit). Whether you are seeking a full-time residence, vacation getaway, second home or investment property (valued returning renter’s incomes can offset HOA fees), this immaculate condo is ready for you to move in and start enjoying the island lifestyle today. Don't miss this combination of location, amenities and value on Longboat Key!

The essentials

Built
1974
Price / sqft
$576
On market
248 days
Annual tax
$5,922
Flood zone
AE
Type
Condominium

Location

5260 Gulf Of Mexico Dr #403
Longboat Key, FL, 34228·34228 - Longboat Key
Type
Condominium
Year Built
1974
Lot
-
Cooling
Central Air
Heating
Central, Electric
Parking
-
Waterfront
Bay/Harbor, Beach Front
Days on Market
248
Ceiling Fans(s)
Eat-in Kitchen
Kitchen/Family Room Combo
Primary Bedroom Main Floor
Solid Surface Counters
Solid Wood Cabinets
Split Bedroom
Stone Counters
Walk-in Closet(s)
Outdoor Shower
Rain Gutters
Sidewalk
Sliding Doors
Sprinkler Metered
Storage
Tennis Court(s)
Association Recreation - Owned
Buyer Approval Required
Clubhouse
Community Mailbox
Deed Restrictions
Fitness Center
No Truck/Rv/Motorcycle Parking
Pool
Sidewalks
Special Community Restrictions
Dishwasher
Dryer
Electric Water Heater
Microwave
Range
Refrigerator
Washer
Flood Zone AE

Annual Tax (2024)

$5,922

Parcel #

7993811103

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

Date
Event
Price
1/6/2026
Listed for sale
Source: Stellar MLS #A4677090
$649,999
$576/sqft
Est. monthly payment$4,208/mo
Principal & interest$3,390
Property taxes$493
Insurance$325
Down payment20% · $130,000
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%. 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: $649,999
$615,000 – $649,999
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 248.

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

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