Price Reduced 4.18%
Price History
$1,195,000
2/1/2024
$1,145,000
4/4/2024
578-580 Companion WAY, Longboat Key, FL, 34228
10 rooms
3 beds
3 Full baths
1963
Bungalow, Florida
1,792 sqft
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.
Status:
Active
Type:
Single-family residential
Furnished Remarks:
Turnkey
Laundry Remarks:
Inside
Subdivision:
LONGBOAT KEY
Garage:
Driveway, Off Street
Heating:
Central, Electric
Cooling:
Central Air
Levels:
1
Lot Size:
80 x 105
Acreage:
0.19
Est. Taxes:
$11,036
Construction
Block, Stucco
Utilities
Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
Lot Description:
FloodZone, City Lot
View Description:
Garden
Days on Market:
87
Pet Policy:
Yes
Appliances:
Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Min Lease Term:
1 Month
MLS #:
A4598090
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of MICHAEL SAUNDERS & COMPANY Phone: 941-383-7591