Longboat Key FL Multi Family for Sale

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Type:
Duplex
Sq.Ft.:
2,432
Status:
Active
Beds:
2
Year built:
1963
Baths:
2.00
MLS#:
A4623518
Subdivision:
Longboat Key

ADDITIONAL INFORMATION

Welcome to an exceptional income-producing opportunity on Longboat Key, featuring a beautifully remodeled duplex, ready for immediate occupancy. This turnkey property offers two distinct units: the first is a spacious two-bedroom, two-bathroom residence with an enclosed porch, while the second unit is a charming one-bedroom, one-bathroom with its own enclosed porch. Both units have been thoughtfully updated and come with in-unit washers and dryers for added convenience. Located in a prime Longboat Key location, the property boasts easy access to the beach and a fenced backyard, with each unit enjoying its own private patio. For an enhanced lifestyle, you have the option to join the Cedars East complex right across the street, offering access to a junior Olympic-sized swimming pool, a fully equipped gym, tennis and pickleball courts, and bicycles.

Type:
Multi-Family
Sq.Ft.:
1,040
Status:
Active
Beds:
n/a
Year built:
1974
Baths:
MLS#:
A4621309
Subdivision:
Seaplace

ADDITIONAL INFORMATION

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.

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Andrea Conner, License #BK3437731, Xome Inc., License #1043756, [email protected], 844-400-9663, 750 State Hwy 121 Bypass, Suite 100, Lewisville, TX 75067

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Longboat Key Real Estate

The median home value in Longboat Key, FL is $1,225,000. This is higher than the county median home value of $265,500. The national median home value is $219,700. The average price of homes sold in Longboat Key, FL is $1,225,000. Approximately 37.68% of Longboat Key homes are owned, compared to 3.19% rented, while 59.13% are vacant. Longboat Key real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Longboat Key real estate agent to arrange a tour today!

Longboat Key, Florida has a population of 7,179. Longboat Key is less family-centric than the surrounding county with 2.58% of the households containing married families with children. The county average for households married with children is 18.31%.

The median household income in Longboat Key, Florida is $102,348. The median household income for the surrounding county is $55,236 compared to the national median of $57,652. The median age of people living in Longboat Key is 70.9 years.

Longboat Key Weather

The average high temperature in July is 89.8 degrees, with an average low temperature in January of 51.8 degrees. The average rainfall is approximately 52.7 inches per year, with 0 inches of snow per year.

Longboat Key Real Estate Market Conditions

  • Median sales price

    $1,225,000
    -2.46% change since last quarter
  • # Active listings

    175
    30-day change

Longboat Key Schools and Demographics

Education near Longboat Key, FL

Metric City County
High School Graduates 96.45 92.52
College Degree - 2 year 4.48 8.44
College Degree - 4 year 63.49 33.87
Graduate Degree 17.67 9.29
Expenditures per Student 12,743 12,802
Students per Teacher 14 13.3

Elementary Schools near Longboat Key, FL

School Grades Students P/T Ratio ZIP
Bay Haven School of Basics Plus KG - 05 591 14.8 34234
Bayshore Elementary School PK - 05 789 13.6 34207
Emma E. Booker Elementary School PK - 05 554 12.6 34234

Middle Schools near Longboat Key, FL

School Grades Students P/T Ratio ZIP
Booker Middle School 06 - 08 856 13.8 34234
Electa Lee Magnet Middle School 06 - 08 1,034 17.5 34210
Sarasota School of Arts/Sciences 06 - 08 750 17.1 34236

High Schools near Longboat Key, FL

School Grades Students P/T Ratio ZIP
Bayshore High School 09 - 12 1,488 20.1 34210
Booker High School 09 - 12 1,087 15.8 34234
Sarasota Military Academy 09 - 12 1,094 15 34236

Ungraded Schools near Longboat Key, FL

School Grades Students P/T Ratio ZIP
State College of Florida Collegiate School 06 - 12 498 24.9 34207

Demographics near Longboat Key, FL

Metric City County
Neighborhood Type Suburban
Population 7,179 404,839
Population Density 1,760 727
Median Age 70.9 55.1
People per Household 1.9 2.2
Median Household Income 102,348 55,236
Average Income per Capita 106,206 37,054