Active

578-580 COMPANION WAY

LONGBOAT KEY FL, 34228

$1,045,000


$583.15 per sqft

Active

3 Beds

3 Baths

1,792 sqft

Residential

Built in 1963

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.

A4598090

MLS ID

February 1, 2024

Listed

July 14, 2024

Updated

Map

578-580 COMPANION WAY
LONGBOAT KEY FL, 34228

Interior Features

Total Stories

1


Bedrooms

3


Total Bathrooms

3


Full Bathrooms

3


Interior Features

Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Split Bedroom, Stone Counters, Thermostat, Window Treatments


Appliances

Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer


Laundry Description

Inside


Floor Description

Luxury Vinyl


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central, Electric

Exterior/Building Features

Lot Size

0.19 Acres


Exterior Features

Garden, Outdoor Grill, Private Mailbox, Storage


Lot Features

Flood Zone, City Limits


Architectual Style

Bungalow, Florida


Roof

Shingle


Sewer

Public Sewer

Other Property Details

Area Name

34228 - Longboat Key


Taxes

$11,036


Tax Frequency

Annually


Days on Market

134


Garage

No


Parking

Driveway, Off Street


View

Yes


View Description

Garden


County

Manatee


Municipality

35


Water Source

Public


Pool

No


Zoning

R4SF

Listing History

Date

Event

Price

6/14/2024

Price Change

$1,045,000

-9%

4/4/2024

Price Change

$1,145,000

-5%

Listed by MICHAEL SAUNDERS & COMPANY
Listing Contact: 941-383-7591 

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Data last updated 7/14/2024, 6:04 AM UTC

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