4485 GULF OF MEXICO DRIVE #402

Property Details

Description

Virtually Staged. Auction Property. Auction Property. This Beachfront Condominium will be sold at an Online Auction October 29 ~ November 4. 4485 GULF OF MEXICO DR, #402, LONGBOAT KEY, FL. This is a 2 Bedroom, 2 Bathroom Condominium with stunning views of the brilliant Gulf from every room and immediate beach access on Longboat Key. Arbomar Owners enjoy a heated beachfront pool, fitness center, and a welcoming well-maintained community with private coded access and an elevator. All special assessments will be paid in full by the seller at closing, eliminating future capital expense concerns for the buyer. The residence features a bright, open layout designed to capture stunning water views and coastal breezes. Significant recent improvements provide exceptional value and peace of mind, including a new roof, new balconies and walkways with diamond coating, updated carports, and new doors and impact-rated windows throughout the community. Inside, the home is ready for you to add your own flair. Ideal for full-time living, a seasonal retreat, or an income-producing beach getaway. This condo has a community washer and dryer just outside the front door, but also has a space where one could be installed inside. There are also accordion storm shutters on the balcony for extra security. It comes with one dedicated covered parking spot and extra storage space downstairs. The amenities includes 24 hour security, pavered parking and entrance, elevators, a glistening resort style swimming pool, recreation clubhouse, shuffleboard, and fitness center. Perfectly positioned on Longboat Key, Arbomar is just minutes from St. Armands Circle, Sarasota’s dining and cultural attractions and world-class golf, and just a short trip to the Sarasota International Airport. Experience the luxury of Florida living with panoramic Gulf views and stunning sunsets every day. The condo is approx. 1175 Square Feet and this building has cell phone towers on the roof that generate significant income for the association. With low maintenance fees and a great rental policy. The Milestone study and SIRS are completed and any past fees will be brought up to date at closing. This sale will come with a Warranty Deed ensuring that all taxes and condominium fees are current. This property will only be sold at Auction. ANY price in any listing or advertisement is for reference only, the selling price will be determined at auction. There is NO starting bid, you may bid any amount.

Facts & Costs

Property type

Condominium

Year built

1973

Stories

9

Price per sq ft

$684

Days on market

1

Private pool

No

Waterfront

Yes

Community

Arbomar Apts

Subdivision

ARBOMAR APTS

County

Manatee

Flood zone

AE

Monthly & yearly costs

HOA fee

$4,000 / quarterly

Property taxes

$4,280 / year (2025)

As reported by the listing agent. Verify with the HOA and county.

Construction & systems

Heating

Central, Electric

Cooling

Central Air

Flooring

Ceramic Tile, Laminate

Roof

Built-Up

Construction

Block

Parking

Common, Covered, Ground Level, Guest, Reserved

View

Beach, Gulf/Ocean - Full

Payment Estimate

$5,223 / month

Principal & interest

$3,533

Property taxes

$357

HOA

$1,333

Home insurance

enter below

Estimate only, not a loan offer. Rate is a starting value; taxes and HOA are as reported by the listing agent. Florida insurance (including flood) varies widely. Ask George for a lender referral.

Location

Features & Amenities

• Dishwasher
• Range
• Refrigerator
• Living Room/Dining Room Combo
• Primary Bedroom Main Floor
• Thermostat
• Walk-In Closet(s)
• Balcony
• Lighting
• Beach Front
• Gulf/Ocean