New Listing
578 Companion WAY
LONGBOAT KEY, FL, 34228
Price$1,145,000
Beds3
Baths3
SqFt1,792
Baths3
SqFt1,792
Status:Active
Property Type:Residential
School:
Property Type:Residential
School:
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 | $1,145,000 | |
| Bedrooms | 3 | |
| Full Baths | 3 | |
| Half Baths | 0 | |
| Total Baths | 3 | |
| Property Style | Bungalow, Florida | |
| Lot Size | 80 x 105 | |
| Lot Size Area | 8398 | |
| Lot Size Area Units | Square Feet | |
| Acres | 0.19 | |
| Property Type | Residential | |
| Sub type | SingleFamilyResidence | |
| MLS Sub type | Single Family Residence | |
| 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 | |
| Exterior Features | Garden, Outdoor Grill, Private Mailbox, Storage | |
| Year Built | 1963 | |
| Subdivision | LONGBOAT KEY | |
| View | Garden | |
| Roof | Shingle | |
| Heating | Central, Electric | |
| Foundation | Slab | |
| Lot Description | FloodZone, City Lot | |
| Laundry Features | Inside | |
| Parking Description | Driveway, Off Street | |
| 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. | |
| County | Manatee | |
| Latitude | 27.416073 | |
| Longitude | -82.66047 | |
| Market Area | 34228 – Longboat Key | |
| Address | 578-580 Companion WAY, LONGBOAT KEY, FL 34228 | |
| Postal Code | 34228 | |
| City | LONGBOAT KEY | |
| State | FL | |
| Country | United States | |
| Listing Office | MICHAEL SAUNDERS & COMPANY | |
| Listing Office Phone | 941-383-7591 | |
| Listing Agent | Bill Anderson | |
| Listing Agent Phone | 941-383-7591 | |
| Special listing conditions | None | |
| Ownership | Fee Simple | |
| Terms | Cash, Conventional | |
| Virtual Tour URL | https://show.tours/v/5tkY2mt?b=0 | |
| Days on market | 87 | |
| MLS Status | Active | |
| Listing Date | Feb 1, 2024 | |
| Listing Last Modified | Apr 28, 2024 | |
| Tax ID | 7930400002 | |
| Tax Year | 2023 | |
| Tax Annual Amount | 11036 | |
| MLS Area | 34228 – Longboat Key | |
| MLS # | A4598090 | |
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