Gulf-front properties sell for combined $8.1 million

Two neighboring Gulf-front properties on Longboat Key at 5871 and 5861 Gulf of Mexico Drive sold for a combined $8,125,000 May 8.

Reid Murphy, of Developers Realty Inc., was the buyer's agent for both properties.

Christina Landry and Kathleen Callender, of Michael Saunders & Co., were the listing agents of the property at 5871 Gulf of Mexico Drive. Roger Pettingell, of Coldwell Banker Residential Real Estate, was the listing agent of the property at 5861 Gulf of Mexico Drive. Reid Murphy, of Developers Realty Inc., was the buyers' agent for both properties. 

The Manatee County Property Appraiser's Office states that the property at 5871 Gulf of Mexico Drive has an existing home that was built in 2008 with five bedrooms and five and two half bathrooms with 6,037 square feet of living area. It sold last week for $5,625,000. The home previously sold for $7,125,000 in March 2009. Murphy was also the listing agent when the property last sold in 2009, and Landry was the buyer's agent.

The property at 5861 Gulf of Mexico Drive sold for $2.5 million and has an existing home and garage on the site that will be torn down.

The new owner of both properties has not been disclosed yet but Murphy said the new owner is a young family who will become part-time residents of Longboat Key.

Combined, Murphy said the lots create 200-feet of Gulf-front with close two acres to build on.

The sale, Murphy says, marks this new combined property of one of only three properties on the Key that have approximately 200-feet of Gulf-front width. The other two properties are the Ohana estate at 6633 Gulf of Mexico Drive and the two lots purchased by clothing designer Michael Kors in November 2013 for $6 million at 6271 and 6281 Gulf of Mexico Drive.

A home at 55 Lighthouse Point Drive on the south end of the Key, meanwhile, sold for $4.2 million May 6. Dawn and Paul Holland sold the property to a trust controlled by Scott Dunlap and Thomas Luzier. The four bedroom, four and a half bath home previously sold for $3.1 million in June 2006.

Contact Kurt Schultheis at [email protected]. 

Editor’s note: This article was amended at 2:51 p.m. May 20 to reflect the following correction: Christina Landry and Kathleen Callender, of Michael Saunders & Co., were the listing agents of the property at 5871 Gulf of Mexico Drive. Roger Pettingell, of Coldwell Banker Residential Real Estate, was the listing agent of the property at 5861 Gulf of Mexico Drive. Reid Murphy, of Developers Realty Inc., was the buyers' agent for both properties.