Banyan Bay

Listings For SaleSold History and Market Report

Banyan Bay Condos for Sale – Longboat Key, Florida 34228

Banyan Bay

Dreams of living in a waterfront patio home or garden home offering a choice from either bayside or gulf front can come true at the condos for sale at Banyan Bay Club in Longboat Key. This condominium holds such promise as it is located in one of the best spots in the island—mid-key and at the same time occupying the opposite east and west blocks of 5250‒5280 and 5265‒5285 Gulf of Mexico Drive.

Distinctive with their ancient banyan trees, the adjoining parcels of the condominium complex have been meticulously landscaped such that its residents can fully enjoy this verdant rendering and the property’s lush gulf-to-bay setting. The amenities of Banyan condos for sale were as well developed for a true tropical island lifestyle experience.

Resort Club Trappings

Banyan Bay

Banyan Bay Club flaunts amidst its lovely grounds a resort-style swimming pool, complementing the stretch of private beach directly accessible at the western side of the property. Likewise, the condominium complex features a charming clubhouse with a fitness center furnished with top-of-the-line exercise equipment.

The eastern side of Banyan Bay is also host to a tennis court, boat dock and fishing pier. Storage for small boats and bicycles is available too along with covered carports and spacious outdoor parking.

Outside of the complex, many life and leisure venues in Longboat Key are only a short stroll or just a bike ride away. Amongst these are the Centre Shops, Joan M. Durante Park, and the Longboat Key Art Center. With trolley stops nearby, commuting is as easy to the lifestyle delights of Anna Maria Island towards north and equally varied life and leisure offerings south at St. Armands Circle and downtown Sarasota.

Low-rise Cluster Homes

Banyan Bay

The condo buildings of Banyan Bay were developed in 1974 and are comprised of several clusters of two-story townhouse style buildings with most located bayside. Striking in their contemporary design and their exteriors just repainted in early 2016, these low-rise cluster homes comprise a total of 44 units which come in varying square footages and floor plan configurations.

Two-bedroom, two-bathroom Banyan Bay condos for sale would typically have floor plans from 1,128 up to 1,155 square feet and asking prices in the $400s. The price range levels up to the $600s for three-bedroom, three-bathroom choices with floor areas of close to 1,500 square feet.

Rental Option

It’s almost a given that available Banyan Bay Club units are standouts amongst Longboat Key condos for sale as these residences are typically nicely furnished and kept with tender loving care by their owners. Notably, many of the owners make their units occasionally available for rent, and some of them have the same tenants each season.

Primarily because of this renting option, Banyan Bay condos for sale are rarely listed in the market. In 2015, there was just a single unit sold in this highly coveted gulf-to-bay property.

Be that as it may, it remains worthwhile to keep this condominium in a watch list of Longboat Key condos for sale. The local property market has grown quite vibrant in recent years, and improving prices and rising inventory of new residences particularly in the mainland are encouraging many fence-sitting condo owners to engage the market.


Banyan Bay Condos for Sale

Below are all of the current real estate listings available for sale at Banyan Bay.

Please contact me if you would like to schedule a tour of any of the listed properties.

MLS# T2857196 - Status: Active View Property Details Add to Favorites View Map

  • 5260 GULF OF MEXICO DR #403
  • Price: $299,000
  • Zip Code: 34228
  • 1128 Square Feet
  • Subdivision: BANYAN BAY CLUB CONDO THE
  • Bedrooms: 2 Baths: 2
  • Looking for the perfect retirement hideaway, winter retreat, investment property? For whatever reason, this condo would fit the bill nicely on Long Boat Key, a community internationally known for its beaches, golf courses and sunshine. Nestled in fro ... Read More
  • Listing courtesy of: Century 21 Beggins Enterprises