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5311 Gulf Of Mexico Dr #5, Longboat Key, FL, 34228

$720/sqft·McCalls Beach Castle

2 bd2 ba1,110 sqftCondominium
Listed by COLDWELL BANKER REALTY· Last updated · MLS# A4691314

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Est. monthly payment
$4,847/mo
Down payment (20%)
$159,800
Property taxes
$280/mo
Rate assumed
6.8% · 30 yr
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At a glance

Condo
Built 1973
Waterfront
Beach Front
Community pool
Shared amenity
Assigned parking
1,110 sqft
Living area

About this home

Ceiling Fans(s)Eat-in KitchenLiving Room/Dining Room ComboOpen FloorplanSolid Wood CabinetsStone CountersTray Ceiling(s)Window Treatments

5311 Gulf Of Mexico Dr #5 is a 1973-built home in McCalls Beach Castle, Longboat Key. Inside you'll find 2 bedrooms, 2 bathrooms, and 1,110 square feet of living space. Listed at $799,000 (about $720/sqft), 124 days on market. Flood zone AE - confirm flood insurance requirements with your lender.

From the listing

Turnkey furnished and positioned just steps from the Gulf’s sandy shoreline, this first-floor residence at Beach Castle on Longboat Key offers a compelling combination of coastal living and proven rental potential. With flexible daily or weekly rental allowances, this two-bedroom retreat presents an exceptional opportunity for personal use, income generation, or both. The light-filled interior features an open layout designed for ease and comfort, where the kitchen, dining, and living areas flow together naturally. Oversized tile flooring, updated impact glass, and sliding doors enhance both durability and livability, while the kitchen is well-appointed with granite countertops, solid wood cabinetry, stainless steel appliances, and built-in shelving—creating a functional space for everyday living or hosting. Floor-to-ceiling sliders lead to a private patio and screened lanai, offering a seamless transition to the outdoors and placing you just moments from the beach. The split-bedroom plan provides added privacy, with the primary suite enjoying direct access to the outdoor space, while the guest bedroom is comfortably sized with its own en-suite bath. Set within the boutique Beach Castle community, residents enjoy a unique beach-to-bay lifestyle with deeded Gulf access, a heated swimming pool and spa, grilling areas, and a fishing pier with day dock on Sarasota Bay. Lush landscaping and well-maintained grounds create a relaxed, resort-style setting that enhances both owner enjoyment and guest appeal. Located on the desirable north end of Longboat Key, this property is just minutes from Bayfront Park, Cedars Tennis Resort, and the island’s scenic biking and walking paths. A short drive south brings you to the Longboat Key Club, St. Armands Circle’s dining and boutiques, and downtown Sarasota’s renowned cultural venues, waterfront parks, and year-round events. With strong rental history, immediate beach access, and a turnkey presentation, this Beach Castle residence offers a rare opportunity to enjoy the best of Longboat Key—whether as an investment, a private getaway, or a combination of both.

The essentials

Built
1973
Price / sqft
$720
On market
140 days
Annual tax
$3,363
Flood zone
AE
Lot
44,194 sqft
Type
Condominium

Location

5311 Gulf Of Mexico Dr #5
Longboat Key, FL, 34228·34228 - Longboat Key
Type
Condominium
Year Built
1973
Lot
44,194 sqft
Cooling
Central Air
Heating
Central, Electric
Parking
Assigned, Guest
Waterfront
Beach Front, Gulf/Ocean
Days on Market
140
Ceiling Fans(s)
Eat-in Kitchen
Living Room/Dining Room Combo
Open Floorplan
Solid Wood Cabinets
Stone Counters
Tray Ceiling(s)
Window Treatments
Lighting
Sidewalk
Association Recreation - Owned
Buyer Approval Required
Deed Restrictions
Pool
Dishwasher
Disposal
Microwave
Range
Refrigerator
Flood Zone AE

Annual Tax (2025)

$3,363

Parcel #

7993710359

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

McCalls Beach Castle

County

Manatee

MLS Area

34228 - Longboat Key

Lot Size

44,194 sqft

In CountyLandscapedOversized Lot
Date
Event
Price
4/24/2026
Listed for sale
Source: Stellar MLS #A4691314
$799,000
$720/sqft
Est. monthly payment$4,847/mo
Principal & interest$4,167
Property taxes$280
Insurance$400
Down payment20% · $159,800
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: $799,000
$755,000 – $799,000
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 140.

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

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