Longboat Key, FL 34228,551 BROADWAY ST #1
Longboat Key, FL 34228,551 BROADWAY ST #1
Longboat Key, FL 34228,551 BROADWAY ST #1
Longboat Key, FL 34228,551 BROADWAY ST #1
Longboat Key, FL 34228,551 BROADWAY ST #1
Longboat Key, FL 34228,551 BROADWAY ST #1
See all 25 photos

$850,000

$899,000

5.5%
Est.Price: ?

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Est. payment /mo

3,262 SqFt


SOLD DATE : 12/04/2019

Key Details

Sold Price $850,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,262 sqft

Price per Sqft $260

Subdivision Long Beach, Rev Of

MLS Listing ID A4453133

Sold Date 12/04/19

HOA Y/N No

Year Built 1946

Annual Tax Amount $7,839

Lot Size 0.430 Acres

Acres 0.43

Lot Dimensions 169x125x150x125

Property Description

A rare, seaside income opportunity on boating water nestled between the Gulf and the bay. This 1946 vintage, uniquely charming six-unit limestone structure is located on a corner lot on one of the original building sites in the Historic Village of Long Beach on tropical North Longboat Key. Included are 3 platted nonconforming contiguous lots; two are vacant residential waterfront lots (7009 & 7017 Longboat Drive N). Perfect for vacation rentals, located just .01 mile to the beach access to Longboat Key's famous beaches and the waters of the Gulf of Mexico where blazing sunsets are enjoyed each night. New seawall, no bridges to the bay and direct access in minutes to Longboat Pass and the Gulf of Mexico. In operation since the 1800s, the Historic Village offers a treasured island lifestyle with restaurants and a Center for the Arts, nearby community boat ramp and fishing piers. Although the value is mainly in the land (2 conforming lots), the historic value and renewed interest in vintage buildings cannot be ignored. Restoring the building with 6 beachside vacation rentals could be a worthwhile investment. The six rental units include five efficiency units and one, one-bedroom unit. There is no recent rental history, however, a limited past history is available. The popular waterfront Mar Vista Restaurant is just two blocks away. The island trolley, a block away, heads north to Anna Maria Island’s restaurants and boutiques, or south to St. Armands Circle for shopping, dining and nightlife.

Location

State FL

County Manatee

Community Long Beach, Rev Of

Zoning R6SF

Interior

Heating Central

Cooling Wall/Window Unit(s)

Fireplace false

Exterior

Exterior Feature Other

Parking Features Guest, None, Open

Community Features Water Access

Utilities Available Public

Waterfront Description Canal - Saltwater

View Y/N 1

Water Access 1

Water Access Desc Canal - Saltwater

View Water

Roof Type Metal

Porch Patio, Porch

Garage false

Private Pool No

Building

Lot Description Corner Lot, Flood Insurance Required, Historic District, Near Public Transit, Paved

Entry Level One

Foundation Slab

Lot Size Range 1/4 Acre to 21779 Sq. Ft.

Sewer Public Sewer

Water Public

Structure Type Stone

New Construction false

Schools

Elementary Schools Anna Maria Elementary

Middle Schools Martha B. King Middle

High Schools Bayshore High

Others

Pets Allowed Yes

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Membership Fee Required None

Listing Terms Cash, Conventional

Special Listing Condition None

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Stellar MLS
Listed by PREMIER SOTHEBYS INTL REALTY
Bought with KELLER WILLIAMS ON THE WATER
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