Welcome to Covert II! This condo sits on a gorgeous stretch of beach in Longboat Key, Florida - 5231 GULF OF MEXICO DR #104, LONGBOAT KEY
The ground floor location allows you to wake up and walk right out to enjoy this stunning spot. - 5231 GULF OF MEXICO DR #104, LONGBOAT KEY
Walk out directly from your screened in porch to this gorgeous stretch of beach! - 5231 GULF OF MEXICO DR #104, LONGBOAT KEY
Completely new and remodeled, this is the perfect island getaway! - 5231 GULF OF MEXICO DR #104, LONGBOAT KEY
It's all about that incredible view! - 5231 GULF OF MEXICO DR #104, LONGBOAT KEY
Beautifully remodeled - everything is new here, there are even still stickers on the appliances! - 5231 GULF OF MEXICO DR #104, LONGBOAT KEY
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The perfect spot for morning coffee or your evening beverage while watching the amazing sunset that Longboat Key is know for - 5231 GULF OF MEXICO DR #104, LONGBOAT KEY
Condominium at 5231 GULF OF MEXICO DR #104, LONGBOAT KEY, photo 16 of 34
Check out that view!! - 5231 GULF OF MEXICO DR #104, LONGBOAT KEY
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The sliders and all windows are impact resistant - 5231 GULF OF MEXICO DR #104, LONGBOAT KEY
The bathroom has been beautifully updated as well - 5231 GULF OF MEXICO DR #104, LONGBOAT KEY
The sparkling pool is just outside your front door - 5231 GULF OF MEXICO DR #104, LONGBOAT KEY
This incredible location of this ground floor home allows you to just walk right down the path to have your toes in the sand! - 5231 GULF OF MEXICO DR #104, LONGBOAT KEY
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Imagine if this was your backyard!! - 5231 GULF OF MEXICO DR #104, LONGBOAT KEY
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Covert II also offers a nice bayside fishing dock across Gulf of Mexico Drive - 5231 GULF OF MEXICO DR #104, LONGBOAT KEY
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Imagine yourself here and make an appointment today! - 5231 GULF OF MEXICO DR #104, LONGBOAT KEY
34 photos

$499,000

5231 GULF OF MEXICO DR #104
LONGBOAT KEY, FL 34228
Listed by MICHAEL SAUNDERS & COMPANY
Bedrooms
1
Bathrooms
1
Living area
720 sqft
Year built
1973

About this home

Have you dreamed of the perfect island getaway situated right on a gorgeous stretch of beach on Longboat Key? This is by far the lowest priced direct beachfront condo on the entire island and it is already completely updated! Whether you decide to use it yourself or use it as an investment with outstanding monthly rental income availability, this is the one. With a fabulous ground floor location, you can have your toes in the sand in only a few steps! This condo offers Italian porcelain tile throughout and a completely new kitchen with beautiful counter tops, all new cabinets and new appliances. The bathroom has been beautifully updated as well and features custom tile work in a seaside theme. The view is fabulous in either direction with the sparkling pool out front and the gorgeous Gulf of Mexico out back. The open living and dining area allows plenty of space to entertain or to quietly contemplate whether it’s a beach day, a day for a soak in the pool or a walk to the Covert bayside fishing pier. The bedroom offers the same stunning beach view and features storm rated sliders to the screened in lanai. The midkey location allows for easy access to multiple restaurants and shopping. The tree filled mangrove trails of Joan Durante Park are a birders’ paradise and the 12 mile long bike path give you many options to soak in the sun while getting in your daily exercise. This is island living at its best at a price you may never thought you could find!

Highlights

Waterfront

Property details

MLS
Stellar MLS
MLS #
MFRA4676730
Property type
Condominium
Subdivision
COVERT II
Status
Active
Days on market
237
On market date
January 14, 2026
Stories
N/A
Total bathrooms
1
Garage spaces
N/A
Parking spaces
N/A
Lot size
N/A
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
BAYSHORE ELEMENTARY SCHOOL
4.36 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
677
Student:teacher ratio
14.7:1
District
MANATEE
Middle
ELECTA LEE MAGNET MIDDLE SCHOOL
4.28 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
780
Student:teacher ratio
16.6:1
District
MANATEE
HighCharter
STATE COLLEGE OF FLORIDA COLLEGIATE SCHOOL
4.52 mi away · Grades 6-12
Nearest school -- attendance-zone data not available here
1.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
504
Student:teacher ratio
25.2:1
District
MANATEE

Walkability

Blended score for LONGBOAT KEY's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

44
Somewhat walkable
out of 100
EPA National Walkability Index
11.8 / 20 -- Above average walkable
Google Places amenity density
21 / 100
Restaurants & cafes1
Grocery stores0
Parks5
Schools0
Transit stops1
Pharmacies0

Market position

How this listing compares to current activity in LONGBOAT KEY, from live MLS data.

On the market 237 days -- 25 fewer days than LONGBOAT KEY's current average of 262 days.
For reference, the median list price across 528 active listings in LONGBOAT KEY right now is $624,950.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$3,155/mo
$99,800 down
$399,200 loan
Principal & interest$2,589
Property tax (est.)$416
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated September 11, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.