578-580 COMPANION WAY LONGBOAT KEY FL 34228 MLS #A4598090

578-580 COMPANION WAY
LONGBOAT KEY, FL, 34228
$1,145,000
3 Beds
3 Baths
1,792 SqFt
0.19 Acres
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Open House Apr 28, 2024
01:00 – 04:00
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.

Property Details

Price:
$1,145,000
MLS #:
A4598090
Status:
Active
Beds:
3
Baths:
3
Address:
578-580 COMPANION WAY
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
LONGBOAT KEY
City:
LONGBOAT KEY
Listed Date:
Feb 1, 2024
State:
FL
Finished Sq Ft:
1,792
ZIP:
34228
Lot Size:
8,398 sqft / 0.19 acres (approx)
Year Built:
1963
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Schools

Interior

Appliances
Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Bathrooms
3 Full Bathrooms
Cooling
Central Air
Flooring
Luxury Vinyl
Heating
Central, Electric
Laundry Features
Inside

Exterior

Architectural Style
Bungalow, Florida
Construction Materials
Block, Stucco
Exterior Features
Garden, Outdoor Grill, Private Mailbox, Storage
Parking Features
Driveway, Off Street
Roof
Shingle

Financial

Buyer Agent Compensation
3%%
Tax Year
2023
Taxes
$11,036

Map

Community

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578-580 COMPANION WAY
LONGBOAT KEY, FL