$899,000 551 Broadway Street #1 Longboat Key, FL

MLS: A4210293   Type: Land   County: Manatee   City: Longboat Key   Neighborhood: Long Beach - Rev Of   Zip: 34228   Style: Residential     Taxes: $7,839

Mortgage $4,221 /mo



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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.

Elementary School

Middle School

High School

Anna Maria Elementary
Distance: 4.87 Miles
Martha B. King Middle
Distance: 5.52 Miles
Bayshore High
Distance: 5.49 Miles

Price History

2/15/2018 Listed $1,500,000
4/25/2018 20% - $1,200,000
6/23/2018 9% - $1,100,000
10/13/2018 10% - $1,000,000
1/4/2019 1% - $990,000
2/27/2019 5% - $950,000
4/8/2019 6% - $899,000

Additional Water Information Direct to Longboat Pass and the Gulf of Mexico in minutes
Community Features Water Access
Current Use Multi-Family
Elementary School Anna Maria Elementary
For Lease Y/N No
High School Bayshore High
MLS Area 34228 - Longboat Key
Middle/Junior School Martha B. King Middle
Pets Allowed Yes
Property SubType Residential
Property Type Land
Subdiv Community Name Not Applicable
Subdivision Name LONG BEACH, REV OF
Terms Cash, Conventional
Township 35
Unit Number 1
Zoning R6SF

Interior Features

Utilities Public

Exterior Features

Front Footage 125
Lot Dimensions 169x125x150x125
Lot Features Flood Plain, Historic District, Near Public Transit, Room For Pool, Street Paved
Lot Size Acres 0.43
Lot Size Square Feet 18750
Number of Lots 3
Road Frontage Type City Street
Vegetation Trees
View Water
Water Access Type Canal - Saltwater
Water Access Y/N Yes
Water Body Name CANAL
Water Extras Bridges - No Fixed Bridges, Seawall - Concrete
Water Extras Yn Yes
Water Frontage Feet Canal Salt 85
Water View Canal
Water View Y/N Yes
Waterfront Features Canal - Saltwater
Waterfront Feet Total 85
Waterfront Y/N Yes

Property Schools

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Gallery (25 photos)

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Property vs Zip Code Avg (34228)

Price 899K Avg 867K

Taxes $7,839 Avg $8,733

Acres 0.43 Avg 0.43

Visits 35 Avg 82

Days on Site 496 Avg 307

Walkscore® 25 Avg 21

Data Provided by Walkscore ® not using MLS data

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Location & Address

La Rosa Realty, Longwood
407 Wekiva Spring Road #115
Longwood, FL