5581 Gulf Of Mexico Drive, Longboat Key, FL 34228

Local realty services provided by:Better Homes and Gardens Real Estate Synergy
5581 Gulf Of Mexico Drive,Longboat Key, FL 34228
$15,500,000
  • 11 Beds
  • 11 Baths
  • 8,529 sq. ft.
  • Single family
  • Active
Listed by: reid murphy
Office: developers realty lbk, inc
MLS#:A4641831
Source:MFRMLS

Price summary

  • Price:$15,500,000
  • Price per sq. ft.:$1,817.33

About this home

Sought after slice of beachfront paradise on the exclusive island of Longboat Key. Rarely available 2 acre property with 200 feet of beach frontage on the Gulf of America. Currently it hosts a quaint inn featuring ten suites and one cottage, all had been renovated with timeless old Florida decor. The property is surrounded by tropical blooms , lush foliage, vine covered arbors, swaying palm trees, a private gazebo, and a heated swimming pool. Amazing opportunity for a new development, or alternatively a chance to easily bring the property back to its recent glory. The property has been approved to build two single family homes or a six unit luxury Condominium. This fantastic location is near the growing number of top restaurants and attractions . Walk to Harry's Euphemia Haye, Lazy Lobster, new local favorite Lo' Key or stroll over to the bay at Durante Park. All this is just a short drive to the renowned shopping, dining and cultural attractions of St Armands Circle, as wells

Contact an agent

contact an agent

Yes, I would like more information from BHGRE®. Please use and/or share my information with an BHGRE affiliated agent to contact me about my real estate needs. By clicking Send message, I agree an BHGRE affiliated agent may contact me by phone or text message including by automated means about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1952
  • Listing ID #:A4641831
  • Added:275 day(s) ago
  • Updated:November 27, 2025 at 12:48 PM

Rooms and interior

  • Bedrooms:11
  • Total bathrooms:11
  • Full bathrooms:9
  • Half bathrooms:2
  • Living area:8,529 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central

Structure and exterior

  • Roof:Metal
  • Year built:1952
  • Building area:8,529 sq. ft.
  • Lot area:2.02 Acres

Utilities

  • Water:Public
  • Sewer:Private Sewer

Finances and disclosures

  • Price:$15,500,000
  • Price per sq. ft.:$1,817.33
  • Tax amount:$80,316 (2024)
MLS LogoThe information being provided by Stellar Mls is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Stellar Mls. Better Homes and Gardens Real Estate Synergy is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Better Homes and Gardens Real Estate Synergy, a broker participant of Stellar Mls. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Stellar Mls and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Properties in listings may have been sold or may no longer be available. Copyright 2025 Stellar Mls. All rights reserved.

New listings near 5581 Gulf Of Mexico Drive