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578-580 Companion WAY, Longboat Key, FL 34228
$1,045,000 Asking Price
$---/mo Est. Payment Get Prequalified »
3
beds
3
baths
1,792
sqft
Built in
1963
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.
Features & Amenities
Interior
- General:
- 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
- Rooms:
- Inside Utility, Interior In-Law Suite w/Private Entry
- Appliances:
- Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
- Laundry:
- Inside
- Flooring:
- Luxury Vinyl
- A/C:
- true, Central Air
- Heating:
- true, Central, Electric
Exterior
- General:
- Garden, Outdoor Grill, Private Mailbox, Storage
- Style:
- Bungalow, Florida
- Parking:
- Driveway, Off Street
Construction
- Roofing:
- Shingle
- Windows:
- Blinds, Drapes
- General:
- Block, Stucco, One, Slab
Location
- Road/Access:
- Asphalt, Paved
- Originating MLS:
- Stellar MLS
- County:
- Manatee
Lot
- Zoning:
- R4SF, BEG AT THE INTERSEC OF THE ELY LN OF JOHN RIGNLING PARKWAY (100 FT WIDE) WITH THE NLY LN OF LOT 3 OF A SUB OF FRACTIONAL SECTIONS 25,26 AND PART OF SEC 24, PB 7 P 16; TH N 50 DEG 00 SEC E ALG THE NLY LN OF SD LOT 3, 420 FT FOR A POB; TH CONT N 50 DEG 00 SEC E, 105 FT; TH S 40 DEG 48 MIN E, 100 FT TO THE SLY LN OF SD LOT 3; TH S 50 DEG 00 SEC W, 105 FT; TH N 40 DEG, 7930400002
- View:
- Garden
- Fencing:
- Vinyl
Utilities
- Utilities:
- Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
- Water:
- Public
- Sewer:
- Public Sewer
Financial
- Source:
- Stellar MLS
- Buyers Agent Compensation:
- 3%
- NA Compensation:
- 1%
This listing courtesy of:
MICHAEL SAUNDERS & COMPANY, Bill Anderson
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Longboat Key, FL
Housing
- Number of Units
- 5,648
- Median Home Value
- $745,395
- Median Rent
- $1,876
5.11% of housing units are renter occupied.
58.01% are vacant.
Commute
- Car
-
46.92%
- Public Transportation
-
1.75%
- Walk to Work
-
1.46%
- Work from Home
-
46.05%
- Other
-
3.82%
The median travel time to work is 16 minutes.
People
- Population
- 4,103
- Median Age
- 70.50
- Median Household Size
- 2.31
Education
- High School
-
11.86%
- Associate’s Degree
-
6.60%
- Bachelor’s Degree
-
29.95%
- Graduate Degree
-
35.34%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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