Rarely available, two family zoned dwelling parcel in south Longboat Key. This multigenerational "one in from the bay" canal front home has sustained first floor water damage from most recent storms. Offering fantastic views of wildlife from approximately 160 feet of canal water footage, and Sarasota Bay, you will love the peaceful vibe of this property. There is a deeded day dock with 5 neighboring homeowners on Channel Lane where the insurance and maintenance is shared amongst the group. With this fantastic location you can walk or bike to Longboat Key Club, sandy beaches, entertainment, restaurants, and more. Close to St Armand's Circle, downtown Sarasota, and Sarasota International Airport. Renovate existing structure or design and build your dream home here. Property seawall was sold to Bay Harbour Condo Association and thus the maintenance is responsibility of the condo association. This property currently does not allow for a dock as the seawall is currently owned by Bay Harbour. This listing is cross listed as a vacant lot with ML A4630246.
Discover a lucrative investment opportunity at 2045 Gulf of Mexico Dr #214, ideally situated walking distance to the prestigious St. Regis hotel and resort. This spacious condo offers prime rental income potential, with rents at Seaplace ranging from $4,000 during the off-season to up to $10,000 per month in-season. Enjoy the flexibility of using the property part of the year while potentially generating enough income to cover all your yearly costs. Additionally, Longboat Key real estate has a history of consistent annual appreciation, making this an even more compelling investment. Investors can capitalize on the high demand for luxury accommodations in this exclusive beachfront community. Buyer must conduct their own due diligence on income expectations. Don’t miss out on this chance to own a profitable piece of Longboat Key’s premier real estate Current lease in place Jan 1, 2025 through Aril 30, 2025. Property features new impact sliders and window, providing security and efficiency. Roof replaced in 2022, A/C was replaced July 2023 and the water heater in 2014.
Longboat Key is located in Florida. Longboat Key, Florida has a population of 7,446. Longboat Key is less family-centric than the surrounding county with 1.47% of the households containing married families with children. The county average for households married with children is 17.15%.
The median household income in Longboat Key, Florida is $121,797. The median household income for the surrounding county is $69,490 compared to the national median of $69,021. The median age of people living in Longboat Key is 71.1 years.
The average high temperature in July is 90.8 degrees, with an average low temperature in January of 51 degrees. The average rainfall is approximately 55.9 inches per year, with 0 inches of snow per year.