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2045 Gulf Of Mexico Dr #M1-302
Score
80
Longboat Key, FL

2045 Gulf Of Mexico Dr #M1-302

549K
2 bd • 2 ba • 928 sf

This analysis was generated on 5/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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Property Overview

List Price
$549,000
-45%vs 34228
Price/Sq.Ft
$592
-4%vs 34228
Above Estimated Range
2.6% above range

Current Price

$549,000

Estimated Range

$525,000 - $535,000

$549,000
Below Market-20%
Above Market+20%

*AI analysis for entertainment only - not professional appraisal. Consult licensed professionals for property valuations.*

Market Data Points

3 data points for educational exploration

*Educational market data analysis only. Consult licensed real estate professionals for negotiation strategies and market advice.*

AI Suggested Range (Entertainment Only)

$525,000
AI Success Estimate:High(65%)
*Entertainment only - actual results may vary*

AI Rationale

The offer reflects the property's estimated value, considering necessary renovations and market conditions. The short time on market may indicate seller motivation, but the market's transitional state suggests cautious optimism.

AI Analysis Score
81
83
Home Condition
90
Natural Light
90
Value
68
Location

*AI scoring for entertainment purposes only. Scores are subjective and not professional evaluations. Consult professionals for property assessments.*

Visual Insights

AI-analyzed spaces with reimagining capabilities

Dated Kitchen
Dated Kitchen

Dated Kitchen

The kitchen features dated granite countertops and white appliances, which detract from the overall aesthetic.

Dated Wall Color
Dated Wall Color

Dated Wall Color

The wall paint color throughout the unit appears to be a dated shade of green.

Dated Bathrooms
Dated Bathrooms

Dated Bathrooms

The bathrooms have older vanities and fixtures, which could benefit from updating.

Dated Bathroom Vanity
Dated Bathroom Vanity

Dated Bathroom Vanity

The bathroom features a dated marble countertop and light wood cabinets.

Outdated Shower
Outdated Shower

Outdated Shower

The shower has older tile and fixtures, and the glass door appears dated.

Dated Flooring
Dated Flooring

Dated Flooring

The bedroom has older wood-look flooring that could be updated.

Renovation Assessment

Prioritized renovations based on property inspection and market impact.

High Priority Renovations

$0

No required renovations identified

Note: these are rough estimates. For more accurate estimates, please contact a professional.

Pricing History

Historical pricing trends for this property

Monthly Costs

Interactive breakdown of estimated monthly expenses

Monthly Cost
$0123456789012345678901234567890123456789
$549,000
-30%List: $549,000+30%
20%
$109,800of $549,000
7%
1%15%
* Estimates based on a 30-year fixed mortgage. Property tax rate: 1.2%, Home insurance: $2,306/year, HOA: $1,364/month

Upfront Transaction Costs

Estimated costs due at closing, including down payment and fees

Total Due at Closing
$146,660
Closing Costs
+$36,860
Down Payment
$109,800
Buyer Agent Fee
$14,000
Loan Fees
$4,392
Title & Escrow
$3,294
Inspections
$900
Transfer Tax
$6,039
Prepaid Expenses
$8,235

* Estimated costs based on typical rates. Actual costs may vary by location, lender, and transaction details.

** Buyer agent fees are negotiable and may sometimes be covered by the seller.

Buyer Power Index

5
/10
Limited Data Buyer Power
Market Speed
5 days
vs 89 day average
This home has been listed for 5 days, while homes in this area typically sell in 89 days
Inventory Health
395
homes for sale
49 homes sold last month, indicating 8.1x more supply than demand
Price Dynamics
92.0%
of asking price
Homes typically sell for 8.0% below asking price

*Market analysis for entertainment purposes only. Historical data may not predict future performance. Consult real estate professionals for market guidance.*

Price Trajectory

$900,000
Current median price
-16.7%
Year over year
Cooling
Heating
Market favors buyers
Market favors sellers
Historical Data: data suggests decline
Prices are down 35.7% over the last 3 months
3 Months
-35.7%
6 Months
-63.7%
1 Year
-16.7%

*Historical price trends for educational purposes only. Past performance does not predict future results. Consult professionals for market forecasts.*

Historical Market Pulse

Key metrics over time, revealing market momentum and patterns

Negotiation Insight

Days on market decreasing 69.4% over the past 3 months suggests stronger seller position.

Historical Comparison
Current Value
$900,000
3 Months Ago
$745,000
+20.8%
Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$549,000
Price/sqft
$592
Layout
2 bd2 ba
Days on market
5 daysat time of analysis

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$555,117

1.1%

Your price is 1.1% below average

Median Price

$548,200

0.1%

Based on 6 recent sales

Price per Sq.Ft

$586

1.0%

Your price is 1.0% above average $/sqft

Comparable Properties

1945 GULF OF MEXICO DRIVE #M2-206, LONGBOAT KEY, FL 34228
Price: $475,000
Sq.Ft: 928
Beds/Baths: 2/2
$/Sq.Ft:
$51213.5%
Sale Date: 2/12/2025
2089 GULF OF MEXICO DRIVE #G1-205, LONGBOAT KEY, FL 34228
Price: $548,200
Sq.Ft: 933
Beds/Baths: 2/2
$/Sq.Ft:
$5880.7%
Sale Date: 2/6/2025
1925 GULF OF MEXICO DRIVE #G8-206, LONGBOAT KEY, FL 34228
Price: $640,000
Sq.Ft: 1,068
Beds/Baths: 2/2
$/Sq.Ft:
$5991.3%
Sale Date: 3/12/2025
1975 GULF OF MEXICO DRIVE #G4-306, LONGBOAT KEY, FL 34228
Price: $515,000
Sq.Ft: 933
Beds/Baths: 2/2
$/Sq.Ft:
$5526.7%
Sale Date: 1/2/2025
1965 GULF OF MEXICO DRIVE #G5-405, LONGBOAT KEY, FL 34228
Price: $727,500
Sq.Ft: 1,068
Beds/Baths: 2/2
$/Sq.Ft:
$68115.1%
Sale Date: 1/18/2025
2600 HARBOURSIDE DRIVE #L-10, LONGBOAT KEY, FL 34228
Price: $425,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 12/6/2024

Schools

Nearby school quality by education level

Elementary

10.0/10
Excellent

Middle

4.0/10
Average

Climate Risks

Assessment of climate-related hazards for this property

Major Risk Profile

This property has 0 severe, 3 major, and 1 moderate risk factors

Climate risk data is based on historical patterns and projections. Consider consulting with insurance providers and local experts for property-specific assessments.

Sunlight Analysis

Data provided by Shadowmap

Loading sunlight data...

Educational Tour Ideas

Educational suggestions for property tours

Inspect the hurricane impact slider and window installation closely, checking for proper sealing and any signs of water intrusion around the frames.

Inspect the ceilings and walls for any signs of water stains, cracks, or discoloration.

Inspect the HVAC system (central air and heating) for its age, condition, and any signs of corrosion or leaks.

Educational Questions

Sample questions for educational purposes

What is the history of insurance claims filed for this unit and the building as a whole, particularly related to flood or wind damage?

What specific measures has the HOA taken to mitigate flood and wind risks, and what are the associated costs for residents?

Can you provide documentation regarding the installation of the hurricane impact slider and window, including permits and warranty information?

Educational suggestions only. Consult licensed real estate professionals, home inspectors, and your agent for professional guidance on property tours and inspections.

Property Discussion

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