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Property Address

551 BROADWAY STREET, #1, Longboat Key, FL  34228

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Property Details

Status
Active
Type
Multi-family
Units
6
Style
Bungalow, Historical
Year Built
1946
Subdivision
LONG BEACH, REV OF
Parking
Guest, In Garage, None, Open
Heating
Central
Cooling
Wall/Window Unit(s)
Approx Sq. Feet
3,262
Lot Size
169x125x150x125
Acreage
0.43
Est. Taxes
$7,839
Lot Desc
Corner Lot, Flood Insurance Required, Flood Plain, Historic District, Near Public Transit, Room For Pool, Street Paved
View
Canal
Water Front
Yes
Elem. School
Anna Maria Elementary
Middle School
Martha B. King Middle
High School
Bayshore High
Days on Market
583 days
Pet Policy
No
MLS#
A4209864

Price History

4/8/2019 - $899,000
2/27/2019 - $950,000
1/4/2019 - $990,000
2/9/2018 - $1,500,000

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Reduced Price!

Original: $1,500,000

Reduction: 40.07%

$899,000 ($276 per SQ/FT)

551 BROADWAY STREET, #1, Longboat Key, FL, Florida 34228. WOW! A prime location investment opportunity - reduced $450,000! Recent zoning change may allow building of up to 6 NEW multi-family or 3 individual homes. Nestled between the gulf beaches and the bay on tropical N. Longboat Key on sailboat water direct to Longboat Pass and the Gulf of Mexico. 3 separately platted parcels including two vacant non-conforming waterfront lots (7009 & 7017 Longboat Drive N.) Dock pilings in place, seawall recapped in 2017. A 1946 vintage limestone, 6-unit multi-family building sits on the corner lot on one of the original building sites in the Historic Village of Longbeach. Just .01 mile to the beach access to the Gulf's azure water and famous white beaches - enjoy blazing, colorful sunsets every night! Founded in the 1800's, the Historic Village offers a treasured island lifestyle with restaurants, a Center for the Arts, nearby community boat ramp and fishing piers. Although the value is mainly in the land, the historic value and renewed interest in vintage buildings could make restoring the beachside vacation property, 5/efficiency units and 1/one-bedroom unit, a current worthwhile project with a future land value for building sites. Prime location! The popular waterfront restaurant, Mar Vista, is just 2 blocks away on the bay. The new Whitney's Restaurant (opening soon) and the island trolley stop is 1 block away with easy access to Anna Maria Island's restaurants and boutiques, or south to St. Armands Circle for shopping, dining and nightlife.

 
 

Listing courtesy of PREMIER SOTHEBYS INTL REALTY