3320 Gulf Of Mexico Dr UNIT 208-C, Longboat Key, FL, 34228 | 7.58% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

3320 Gulf Of Mexico Dr UNIT 208-C, Longboat Key, FL, 34228 | 7.58% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
2 Bath
1187 sft

3320 Gulf Of Mexico Dr UNIT 207-C, Longboat Key, FL, 34228

Nearby investment properties with comparable prices

2 Bed
2 Bath
1260 sft

3240 Gulf Of Mexico Dr #B104, Longboat Key, FL, 34228

2 Bed
2 Bath
1187 sft

3320 Gulf Of Mexico Dr UNIT 307-C, Longboat Key, FL, 34228

2 Bed
2 Bath
1187 sft

3320 Gulf Of Mexico Dr UNIT 207-C, Longboat Key, FL, 34228

Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

Explore more listings using simple english

Investment Highlights

Investment property for sale in Longboat Key at 3320 Gulf Of Mexico Dr UNIT 208-C, Longboat Key, FL, 34228 earns from $3,784/mo rent with a $2,932/mo payment. Total monthly income totals $3,784/mo. ROI tracks 18.9% on current figures, and rental yield reads 7.58% at a $599,000 purchase. Equity gained on principal adds $3,865/yr, and 5% annual appreciation supports $165,493 over five years. Five-year ROI reaches 97.96% and total cumulative return in cash sums $193,054. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,784/mo property income instead of your personal income.

Condo

Built in 1971

3.82 Acres lot

$N/A/sqft

No HOA

More details about the property

Offered at $599,000! This stunning residence presents an incredible opportunity to experience the coveted Longboat Key lifestyle. Welcome to your completely renovated coastal retreat, bright, airy, and beautifully designed to capture breathtaking water views of Cranes Bayou, Buttonwood Harbor, and Sarasota Bay. Natural light fills every corner of this end-unit condo, creating an inviting and serene atmosphere throughout. The designer kitchen features elegant quartz countertops and contemporary finishes, flowing seamlessly into a spacious, sunlit living area perfect for relaxing or entertaining. The home offers two generous bedrooms and two fully-up-to-date bathrooms, including a luxurious primary suite with a walk-in closet and spa-inspired en-suite bath adorned with high-end fixtures. Recent upgrades include hurricane-impact windows (2024), a new AC system, and a new water heater, ensuring comfort, efficiency, and peace of mind for years to come. Residents of Longboat Arms enjoy exceptional waterfront amenities, including a newly upgraded heated pool, clubhouse, tennis courts, community grill area, and DEEDED BEACH ACCESS just across the street. Exclusive access to a private boat ramp makes it ideal for kayaks, paddleboards, jet skis, and all watercrafts. Boat docks are also available on a first-come, first-served basis for an annual feeperfect for boating enthusiasts who want to embrace the best of Gulf Coast living. Dont miss this rare opportunity to own a beautifully updated condo with spectacular views. Offered at just $599,000, well below market value!

Neighborhood Data

Neighborhood data shown for ZIP Code: 34228, Longboat Key, FL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,771 (100%)
Owner Occupied HU	3,972 (40.7%)
Renter Occupied HU	313 ( 3.2%)
Vacant Housing Units	5,486 (56.1%)
Median Home Value	$1,019,900
Average Home Value	$1,229,149