$1,198,000
For Sale

240 SANDS POINT ROAD #4201

Longboat Key, FL 34228
780 sqft | 1 bed | 1 bath | 4.13 acres | #A4636150
Browse 61 photos
Type:Purchase
Structure:Condo
Zone:Residential

Description

Discover a rare opportunity to own a coveted CORNER A+ "Junior Suite" (50 sq. ft. larger than a standard Suite, giving this residence a private sleeping area for families) in Beachfront Building Four at the Inn on the Beach. This beautifully completely renovated Suite offers views of the Gulf of Mexico with its hypnotizing sunsets, providing a tranquil coastal retreat. To boot, you have a private bedroom and living area with a modern kitchen and bath. The expansive living space flows to a private balcony, perfect for sunsets and ocean breezes. The spacious, exquisite primary suite includes an en-suite bathroom for both sleeping areas. A sleeper sofa for guests, ensuring comfort and privacy. Currently, in the hotel program, the Suite generated $153K gross in 2022 —$162K gross in 2023— $103K gross in 2024 (income was lower in 2024 due to the hurricanes). Located on the south end of Longboat Key, the Inn on the Beach offers exclusive access to fine dining, championship golf, tennis, a full-service spa, fitness center and much more. Just minutes from renowned St. Armands Circle, this Suite is an ideal vacation getaway and investment property. DO NOT miss this exceptional opportunity—schedule your private tour today!

  • Property Details
      • InteriorCeiling Fans(s), Eat-in Kitchen, Elevator, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surf
      • Utility FeaturesBB/HS Internet Available, Cable Available, Cable Connected, Electricity Connected, Fire Hydrant, Phone Available, Sewer Connecte
      • Lot DescriptionCul-De-Sac, FloodZone, City Limits, Landscaped, Near Golf Course, Near Marina, Sidewalk, Paved
      • Exterior MaterialsBalcony, Irrigation System, Lighting, Outdoor Shower, Sidewalk, Sprinkler Metered
      • FoundationBlock, Concrete Perimeter, Pillar/Post/Pier, Slab
      • SubdivisionINN ON THE BEACH PH II
      • Elementary SchoolSouthside Elementary
      • Middle SchoolPine View School
      • High SchoolPine View School
      • Sewer InformationPublic Sewer
      • Property SubtypeCondominium
      • Original List Price$1,198,000
      • Property ConditionCompleted
      • Property TypePurchase
      • CountySarasota
      • MLS #A4636150
      • MLS #A4636150
      • Taxes Annual$10,030
      • Cost1198000
      • Utility SourcePublic
      • ViewWater
      • Acres4.13
      • Year Built1982
      • Square Feet780
      • Bedrooms1
      • Bathrooms1
      • Full Baths1
      • Stories1
      • Days on Market (Cumulative)1

Location

Darren GreeneReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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