Views
Address
578-580 Companion WAY, LONGBOAT KEY, FL
Price
$ 1,145,000
Property Attributes
  • MLS#A4598090
  • TypeSingle Family
  • CountyMANATEE
  • CityLONGBOAT KEY
  • AreaLongboat Key
  • NeighborhoodLongboat Key
  • Zip34228
  • StyleBungalow,Florida
  • Year Built1963
  • Taxes$ 11036
  • Price$ 1,145,000
  • Bedrooms3
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage1792
  • Lot Size8,276 SqFt
Data Source:
Stellar MLS
Property Description

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.

Price History
2/1/2024 Listed $1,195,000
4/4/2024 5% - $1,145,000

General Features

Interior Features Ceiling Fan(s),Eating Space In Kitchen,Kitchen/Family Room Combo,Living Room/Dining Room Combo,Open Floorplan,Primary Bedroom Main Floor,Split Bedroom,Stone Counters,Thermostat,Window Treatments
Sewer Public Sewer
Heating Central,Electric
Cooling Central Air
Utilities Cable Connected,Electricity Connected,Public,Sewer Connected,Water Connected
Roof Shingle
Appliances Dishwasher,Disposal,Dryer,Electric Water Heater,Microwave,Range,Refrigerator,Washer
Exterior Features Garden,Outdoor Grill,Private Mailbox,Storage
Zoning R4SF
Patio/Porch Features Covered,Patio,Screened
Architectural Style Bungalow,Florida
Security Features Smoke Detector(s)
Construction Materials Block,Stucco
Pets Allowed Yes
Year Built 1963
View Garden
Levels One
Property SubType Single Family Residence
Tax Year 2023
Percent Ownership Fee Simple
County Manatee
New Construction No
Property Type Residential
HOA / Comm Assn No
Subdivision Name LONGBOAT KEY
Facing Direction North
Garage Y/N No
Total Rooms 10
Status Active
Directions From South Longboat Key,take Gulf of Mexico Drive North to Companion Way (at 5680 GMD). Turn right onto Companion Way. 578-580 Companion Way is the third property on the right.
City LONGBOAT KEY
Buyer Agent Compensation 3%
Senior Community Y/N No
MLS Area 34228 - Longboat Key
Lot Size Square Feet 8398
Private Pool No
Waterfront Y/N No
Carport Y/N No
Street Name Companion
Listing Terms Cash,Conventional
Tax Annual Amount 11036
Public 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
Lease Considered Y/N Yes
Virtual Tour https://show.tours/v/5tkY2mt?b=0
Days on Market 87
Standard Status Active
Tax Lot 3
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
Water Access Type Beach - Access Deeded,Gulf/Ocean
Minimum Lease 1 Month
Water Access Y/N Yes
Additional Rooms Inside Utility,Interior In-Law Suite w/Private Entry
Water View Y/N No

Interior Features

Flooring Luxury Vinyl
Furnished Y/N Turnkey
Total Stories 1
Air Conditioning Y/N Yes
Heating Y/N Yes
Window Features Blinds,Drapes
Fireplace Y/N No
Full Baths 3
Street Suffix WAY
Laundry Features Inside
Total Bedrooms 3
LivingAreaSource Public Records
Total Baths 3
Living Area Units Square Feet

Exterior Features

Fencing Vinyl
Parking Features Driveway,Off Street
Lot Features FloodZone,City Lot
Water Source Public
Lot Size Area 8398
Foundation Details Slab
Spa No
Building Area Total 2432
Lot Dimensions 80 x 105
Lot Size Acres 0.19
Road Surface Type Asphalt,Paved
Lot Size Units Square Feet
Open Parking Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 34228

Price
AVG $3.72M
$1.15M
Taxes
AVG $20,640
$11,036
Visits
AVG 1099
1338
Data Provided by Inside Real Estate®
Year Built
AVG 1986
1963

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