Active

$1,045,000

Features:
  • 3 Bedrooms
  • 3 Bathrooms
  • 1792 sq ft
Overview
  • ID: MFRA4598090
  • Bedrooms: 3
  • Bathrooms: 3
  • Size: 1792 sq ft
Property Details
Remarks
Don't miss this rare, captivating, turnkey duplex with income potential nestled in the serene beauty of Longboat Key. This exquisitely renovated home offers the perfect blend of modern convenience and income potential. Just across from a deeded beach entrance, this property promises an idyllic coastal lifestyle. The versatility of this home is truly exceptional. Live on one side and rent out the other to offset expenses, or utilize one side as a private one-bedroom in-law suite with a separate entrance. As an investment, the income generating potential is currently $6,600 per unit per month during the peak season. The flexible layout sleeps up to six on each side and allows for multiple options to maximize rental income. It is an ideal retreat for families or groups of friends seeking a beach resort escape; The fenced back yard and separate outdoor patios with barbecues offer a serene outdoor haven. Both carports have been converted to screened lanais, and each side has two off-street parking spaces as well as boat parking. More than a few high-quality restaurants are a conveniently located nearby. With an optional membership to the Cedars East complex across the street, you and/or your tenants can enjoy a junior Olympic swimming pool, fully equipped gym, tennis and pickleball courts, and bicycles. Longboat Key is renowned for its pristine, uncrowded beach, upscale amenities, and laid-back coastal lifestyle. Residents can relish the tranquility of a beachside community while being in close proximity to St. Armands Circle and Sarasota's cultural attractions, entertainment, dining, and shopping. Whether you are seeking an upgraded, turnkey furnished investment property, vacation home, or permanent residence with rental income potential, this Longboat Key gem offers the perfect balance. Don't miss this chance to own a slice of paradise on the Florida coast.
Financial Considerations
Price:
$1,045,000
HOA Fee:
N/A
Tax Amount:
$11036
Price per SqFt:
$583.15
Tax Legal Description:
BEG AT THE INTERSEC OF THE ELY LN OF JOHN RIGNLING PARKWAY (100 FT WIDE) WITH THE NLY LN OF LOT 3 OF A SUB OF FRACTIONAL SECTIONS 25,26 AND PART OF SEC 24, PB 7 P 16; TH N 50 DEG 00 SEC E ALG THE NLY LN OF SD LOT 3, 420 FT FOR A POB; TH CONT N 50 DEG 00 SEC E, 105 FT; TH S 40 DEG 48 MIN E, 100 FT TO THE SLY LN OF SD LOT 3; TH S 50 DEG 00 SEC W, 105 FT; TH N 40 DEG
Exterior Features
Lot Size:
8398
Lot Features:
FloodZone, City Limits
Waterfront:
No
Parking Spaces:
N/A
Parking:
Driveway, Off Street
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
3
Bathrooms:
3
Heating:
Central, Electric
Cooling:
Central Air
Appliances:
Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Furnished:
Yes
Floor:
Luxury Vinyl
Levels:
One
Additional Features
Property Sub Type:
Single Family Residence
Style:
N/A
Year Built:
1963
Construction Type:
Block, Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
North
Pets Allowed:
Yes
Special Condition:
None
Additional Features:
Garden, Outdoor Grill, Private Mailbox, Storage
Additional Features 2:
Rentals allowed according to the Longboat Key Town Code
Map
  • Address
    578-580 COMPANION WAY
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