Listing Details for MLS #A4652400
2944 Gulf Of Mexico Drive, Longboat Key, Fl

Residential Property - Single Family Residence in Longboat Key

Listing Price: $1,950,000 (Mortgage Calculator →)Days on Market: 1

Description of Property

Under Construction. Exceptional Custom Home Opportunity with Unobstructed Gulf Views! 2944 Gulf of Mexico Dr offers a rare and exciting opportunity to own and complete a luxury coastal estate on prestigious Longboat Key. From the third floor and rooftop deck, enjoy beautiful, unobstructed views of the Gulf of Mexico and breathtaking sunset vistas. The property boasts a prime location with two beach access points just a short 2–3 minute walk away (Access at 2825 Gulf of Mexico Dr near Neptune Ave and 3055 Gulf of Mexico Dr near Triton Bend). This desirable location is also only a quarter mile from Publix and pharmacy, less than one mile from Bay Isles Golf Course and The Longboat Key Club, and just five miles from the world-renowned St. Armands Circle, offering a vibrant mix of fine dining, shopping, and entertainment. Currently approximately 20% complete (buyer to verify), this residence allows a unique opportunity for the next owner and contractor to bring the approved plans to life. The proposed design features 4 bedrooms, 4 full bathrooms, and 1 powder bath with potentially 4,997 sq ft of heated living area and 10,451 sq ft total under roof, spread across three floors with a stunning rooftop deck. Additional highlights include two 2-car garage (total fit up to 4 cars), multiple balconies and terraces, and a pre-designed shaft for optional future elevator installation. The home is engineered to meet Florida Building Code 2017 standards. Heavy construction including the foundation and structural framing has already been started by a licensed builder. The remaining work, final design selections, and permitting are left for the buyer and their builder to customize and complete. Property is offered as-is, unfinished. Buyer must verify all permits, plans, and finishing requirements with the local jurisdiction prior to closing. This is an extraordinary chance to create and complete a signature luxury residence in one of Sarasota County’s most sought-after coastal neighborhoods.The average asking price for a 4 bedroom/4 bath single family residence in this Zip code is $5,314,765. This single family residence is listed at about 37% of the average asking price. This is the only 4 bedroom/4 bath single family residence between $1,600,000 and $2,200,000 currently listed for sale in this Zip code.