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Property for sale at 4485 GULF OF MEXICO DRIVE UNIT 402, LONGBOAT KEY, FL, 34228
Property for sale at 4485 GULF OF MEXICO DRIVE UNIT 402, LONGBOAT KEY, FL, 34228
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4485 Gulf Of Mexico Drive Unit 402Longboat Key, FL, 34228

2beds
2baths
1,022sqft
Condominium
Built in 1973
$4,000 Quarterly HOA Fee
$456,789
For sale
$698,765−$241,976 (35%)
Auction
Price per sqft
$447
Days on market
21
Listed
Oct 1
Last reduction
−$197,532
Oct 15, 2026
MLS #N6146025Updated Oct 19, 2026

About this property

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, Brand New carports within the past year and new doors and impact-rated windows throughout the community. The pool has just been resurfaced and has a brand new pump and heater. 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, and also has a space where one could be installed inside. There are also 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. 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.

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Property details

Property type
Condominium
Street address
4485 Gulf Of Mexico Drive Unit 402
City
Longboat Key
State
FL
ZIP code
34228
Year built
1973
New construction
No
Faces
East
Rooms
6
Building stories
9
Living area
1,022 sqft
Total building area
1,022 sqft
Levels
One

Stellar MLSThe data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of Stellar MLS. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; the availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.Stellar (MFR) data last updated at October 20, 2026 at 8:01 AM EDT

Price & sale history

Asking price reduced by $241,976 (34.6%) since first listed.

EventPrice
Price reducedMLS #N6146025$456,789Change: −34.6%−$241,976
Listed for saleMLS #N6146025$698,765
History may be incomplete.
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Property for sale at 4485 GULF OF MEXICO DRIVE UNIT 402, LONGBOAT KEY, FL, 34228
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