Elementary
No photos available
ActiveNO CDD
$324,000
$493/sqft12% reduced
HOA: $1,500/qu|Taxes: $4,601/yr|122d on market
Neptune on Longboat Key
2850 GULF OF MEXICO DR #5, LONGBOAT KEY, FL, 34228
View all homes for sale in Neptune on Longboat Key →1 Beds|1 Baths|657 Sq Ft|Built 1967
Key Features
Single Story
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💡 Price recently reduced — this could be a great opportunity to negotiate.
Golf Course
- Feature
- Near Golf Course
C2C
Coast 2 Coast Home Realty
Licensed Florida Realtors
4.9· 214 reviews
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Buyer Insights
Here's what we know about this listing.
Why this home stands out
- Price reduced 12% ($44,500 off original)
- 122+ days on market — seller may be motivated
Buyer Insights are informational only — always verify with your agent.
A renovated condo directly across from public beach access under $350,000. on Longboat Key? This is the one you've been looking for! Perfectly positioned for both personal enjoyment and strong rental income potential. Whether you're seeking a low-maintenance vacation escape or an income-generating property, this location checks all the boxes. Walk across the street to watch sunset on the sand, then stroll to Publix, Bayfront Park's tennis & pickleball courts, the library, or one of the island’s cozy dining spots. Everything your guests—or you—could want is right at your doorstep. The unit features a bright, open living space with tile flooring, a spacious bedroom, walk-in closet and parking. The well-maintained community offers low HOA fees and a relaxing island vibe that keeps guests coming back. Don’t miss out on this rare opportunity to own on Longboat Key—whether you're investing in your future or your lifestyle.
- City
- LONGBOAT KEY
- Subdivision
- NEPTUNE ON LONGBOAT KEY
- County
- Sarasota
- Zip Code
- 34228
- Community
- Neptune On Longboat Key
School Report Card
Source: FL Dept. of Education
ABCDF
Middle
High
Neighborhood
Map unavailable
- Type
- Condominium
- Living Area
- 657 sqft
- Construction
- Block
- Roof
- Built-up
- Flooring
- Tile
- Pool
- No
- HOA
- $1,500 / Quarterly
- Crown Molding
- Open Floorplan
- Primary Bedroom Main Floor
- Walk-in Closet(s)
- Window Treatments
- Other
- Built-in Oven
- Cooktop
- Dishwasher
- Electric Water Heater
- Freezer
- Ice Maker
- Microwave
- Refrigerator
- Washer
- Common Area
- Inside
- Porch
- Screened
- Floodzone
- City Limits
- In County
- Near Golf Course
- Near Marina
- Near Public Transit
- Electricity Available
- Electricity Connected
- Public
- Water Available
- Water Connected
- None
- Street Lights
- Common Area Taxes
- Electricity
- Escrow Reserves Fund
- Insurance
- Maintenance Structure
- Maintenance Grounds
- Maintenance
- Management
- Pest Control
- Trash
- Water
- Bedrooms
- 1
- Bathrooms
- 1
- Year Built
- 1967
- Construction
- Block
- Flooring
- Tile
- Roof
- Built-up
- Garage Spaces
- 0
- Cooling
- Central Air
- Heating
- Electric
- Waterfront
- No
- Pet Restrictions
- Cats Ok, Dogs Ok, Yes
- Lot Size
- 0 acres
- Senior Community
- No
- Building Elevator
- No
- Pet Size
- —
- # of Pets
- 2
- Max Pet Weight
- —
- Tax Year
- 2025
- Annual Tax Amount
- $4,601
Association Fees
HOA Fee
Rachael Brown
$1,500/ Quarterly
Down Payment20% — $64,800
Interest Rate6.50%
Loan Term
- Est. Mortgage
- $1,638
- HOA Fee
- $500
- Est. Property Tax
- $383
- Est. Insurance
- $108
Total Est. Monthly Cost$2,630
* Estimates are for illustration purposes only and do not constitute an offer of financial advice. Actual rates, payments, insurance, and taxes will vary based on credit, location, and other factors. Contact a licensed mortgage professional for a personalized quote. Homeowners insurance estimate based on Florida averages.