Residential Land for Sale in Longboat Key, Florida

5440 Gulf of Mexico Dr Longboat Key, FL 34228

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$6,900,000
2.08 acres
Active sale agoEst $50,223/mo

A truly unprecedented and rare opportunity awaits on Longboat Key with this remarkable vacant land, the only available parcel of its size offering 2.08 acres on the Bay side with deeded beach access that leads you to the pristine white-sand beaches and inviting waters of the Gulf of Mexico. Currently divided into three parcels, this property adjoins a 30+ acre nature preserve, ensuring tranquility and unrivaled panoramic views. Imagine building your dream home here, with a second story boasting sweeping views of the nature preserve and Sarasota Bay. This exceptional acreage combines privacy, tranquility, natural beauty, and a unique slice of paradise on Longboat Key. The proposed site plan allows for seven buildable lots offering endless possibilities for creating a family compound with space for multiple homes to sell or rent. Longboat Key is famed for its 12 miles of pristine white-sand beaches, opulent resorts, waterfront golf courses, fine dining establishments, grand estates and luxurious multi-million dollar condominiums. Within a short distance of 1-2 blocks, you'll find a variety of restaurants offering diverse culinary experiences. Imagine strolling to the beach from your future custom-built residence, which boasts coveted water access and is situated in one of Florida's most desirable and prestigious zip codes. The central location provides easy access to world-famous shopping at St. Armands Circle and the vibrant arts and culture scene of downtown Sarasota. This is a dream opportunity for those seeking great views, privacy, tranquility and a unique slice of paradise on Longboat Key. The adjacent 1.06-acres offers a stunning 6,000 Sq Ft Contemporary Bay front home with panoramic views of the Sarasota Bay and the 30-acre nature preserve. This home is offered at $6.9M (5444 Gulf of Mexico Drive /ML # A4615831). The total estate is 3.16-acres and includes the 6,000 Sq Ft home (1.06-Acres) and the vacant land (2.08-Acres), which includes the entire subdivision allowing for 8 new homes can be purchased for $13.8M.

Directions

From St Armands Circle, go north on Gulf of Mexico Drive to 5440. Property has a green mailbox that says 5444 and the entrance is on the Bay side of the road between two white stucco walls right after the Center Shops and before the police station. Driveway is approximately 1200 feet.

Property details

Coordinates
27.4117, -82.6573
Community
Cedar Woodlands PH Ii
Zoning
R4MX, R3MX
Elevation
3 feet
MLS Number
MFRMLS A4616489
Date Posted

Legal description

Parcels

  • 7991500409

Property taxes

2023
$9,222

Resources

This 2.08-acre property is located at 5440 Gulf of Mexico Dr in Longboat Key, FL 34228 with latitude 27.4117 and longitude -82.6573. The property is currently available for sale for $6,900,000 with a price per acre of $3,317,308. Listing data is sourced from Stellar MLS # A4616489.

Verify sale details at the property source or contact Coldwell Banker Realty at (813) 754-3586.

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Copyright (C) 2024 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Updated . Checked 2 hours ago. Parcel data by Regrid.

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