578-580 Companion Way, LONGBOAT KEY, FL 34228

 -  $1,145,000

MLS® # A4598090

  • 3 Bedrooms
  • 3 Bathrooms
  • 1,792 SQ. Feet
  • 1963 Year Built

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.

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Price Change History for 578-580 Companion Way, LONGBOAT KEY, FL (MLS® #A4598090)

Date Details Change
Price Reduced from $1,195,000 to $1,145,000 $50,000 (4.18%)

Property

Location

Size And Restrictions

  • Acres0.19
  • Lot DescriptionFloodZone, City Limits

Improvements

  • FenceNo
  • SprinklerNo

Features

  • ViewGarden

Market

Interior

Bedrooms And Bathrooms

  • Bedrooms3
  • Bathrooms3.00

Heating And Cooling

  • HeatingCentral, Electric
  • Air ConditioningCentral Air

Interior Features

  • AppliancesDishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • FeaturesCeiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Split Bedroom, Stone Counters, Thermostat, Window Treatments

Building

Building Information

  • Year Built1963
  • # Of Stories1
  • RoofShingle

Property Features

  • Exterior FeaturesGarden, Outdoor Grill, Private Mailbox, Storage

Garage And Parking

  • GarageDriveway, Off Street

Info

  • OfficeMICHAEL SAUNDERS & COMPANY

Map & Directions

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Listing data comes from My Florida Regional MLS DBA Stellar MLS.

Listing information last updated on April 27th, 2024 at 8:34pm EDT.

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7131 Curtiss Ave. Suite 1
Sarasota, Florida 34231
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