$6,900,000 - 5451 Gulf Of Mexico Drive, LONGBOAT KEY

Rare almost one acre direct Gulf front lot on the beach on the beautiful island of Longboat Key. New Gulf front homes on this key typically start at $16 million plus. There is currently an existing single level motel on the property which would need to be removed. Expected use of property is for a luxury single family home. Property also allows 1 or 2 additional family structures. Nice if you want a family compound. Property could also have 3 condo units on it. Property has 100 feet of gulf beach frontage on a 10 mile beach. This beach is never crowded. The island is beautiful with many large single family homes and condos. Property location is walking distance to 7 nice restaurants. The owners live on site.