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    Property profile & analytics

    5541 Gulf Of Mexico Dr, Unit A Longboat Key, FL 34228-1903

    • Residential income homes
    • 14,005 SF
    • 0.96 lot acres
    OFF-MARKET
    Value Estimation
    $7,355,000
    Last Sale
    Jan 22, 2021
    $6,750,000
    Location Intelligence
    Property ID
    US18-4633481
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 5541 Gulf Of Mexico Dr

    Year built
    1986
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.96 lot acres
    Property size
    14,005 SF
    Zone code
    LBK_R-3MX
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    79856.0000-1
    APU
    7985600001

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $7,635,000

    • CAP approach

      CAP return
      Estimation
      6%
      $6,580,000
      6.5%
      $7,290,000
      7%
      $6,995,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $5,415,000
      Geo Method
      $6,830,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $6,725,000
      Retail
      $6,805,000
      Mixed-Use
      $7,585,000
      Hospitality
      $7,455,000
      Educational
      $6,480,000
      Residential Income
      $5,805,000
      Energy
      $6,995,000
      Income-Based Land
      $7,680,000
      Food Service
      $5,620,000

    Location Insight

    • Map
    • Local Demand
    City
    Longboat Key
    County
    Manatee
    State
    Florida
    Longitude
    -82.6599
    Latitude
    27.4122
    CBSA code
    35840
    CBSA name
    NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $73,830
    $3,400,000
    $5,935,537
    $9,335,537
    -
    $3,400,000
    $5,935,537
    $9,335,537

    Comparable in this City

    • Value Estimation by Request
      1,574 SF

      650 Gulf Bay Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,574 SF
      650 Gulf Bay Rd, Longboat Key, FL 34228-1856
      View Details
    • Value Estimation by Request
      1,574 SF

      660 Gulf Bay Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,574 SF
      660 Gulf Bay Rd, Longboat Key, FL 34228-1857
      View Details
    • Value Estimation
      $310,000
      4,012 SF

      4651 Gulf Of Mexico Dr, Unit 302

      HIGH-RISE APARTMENTS • 4,012 SF
      4651 Gulf Of Mexico Dr, Longboat Key, FL 34228-2101
      View Details
    • Value Estimation
      $365,000
      4,012 SF

      4651 Gulf Of Mexico Dr, Unit 304

      HIGH-RISE APARTMENTS • 4,012 SF
      4651 Gulf Of Mexico Dr, Longboat Key, FL 34228-2101
      View Details
    • Value Estimation
      $465,000
      4,024 SF

      4651 Gulf Of Mexico Dr, Unit 104

      HIGH-RISE APARTMENTS • 4,024 SF
      4651 Gulf Of Mexico Dr, Longboat Key, FL 34228-2101
      View Details
    • Value Estimation
      $4,140,000
      3,989 SF

      4651 Gulf Of Mexico Dr, Unit 402

      HIGH-RISE APARTMENTS • 3,989 SF
      4651 Gulf Of Mexico Dr, Longboat Key, FL 34228-2101
      View Details

    Similar Nearby for Sale

    • $1,000,000

      Gulf-Front Condo on Longboat Key

      Updated two-bedroom condo with direct Gulf access and amenities.
      4325 Gulf Of Mexico Dr, Longboat Key, FL 34228
      View Details
    • $105,000

      Longboat Key Property with Access

      Property on Longboat Key with deeded beach access.
      96 Twin Shores Blvd, Longboat Key, FL 34228
      View Details
    • $425,000

      Gulf of Mexico Drive Property

      Property on Gulf of Mexico Drive for sale.
      5310 Gulf Of Mexico Dr, Longboat Key, FL 34228
      View Details
    • $300,000

      Harbourside Drive Specialty Property

      Specialty property available for sale in Longboat Key, Florida.
      2800 Harbourside Dr E-16, Longboat Key, FL 34228
      View Details
    • $1,295,000
      0.30 Acres

      Longboat Key Corner Lot

      Estate-sized corner lot in Longboat Key's historic Village.
      591 Russell St, Longboat Key, FL 34228
      View Details
    • $649,000
      0.14 Acres

      Residential Lot in Longboat Key

      6,000 sq ft vacant lot near beaches and restaurants.
      6981 Lois Ave, Longboat Key, FL 34228
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,551 SF

      Gulf of Mexico Drive Retail

      Retail, restaurant, and office spaces available on Gulf of Mexico.
      5350-5380 Gulf Of Mexico Dr, Longboat Key, FL 34228
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space on Longboat Key

      Prime retail space with high visibility on Gulf of Mexico Drive.
      3120 Gulf Of Mexico Dr, Longboat Key, FL 34228
      View Details
    • $30 SF/Yr
      1,299 SF

      Retail Space in Longboat Key

      Retail space available in Longboat Key, Florida.
      515-525 Bay Isles Pkwy, Longboat Key, FL 34228
      View Details
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    Longboat Key, FL 34228-1903
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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