3 months on rocket

578-580 Companion Way, Longboat Key, FL, 34228

$1,145,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
3 Full Baths
1,792 SqFt
$639/SqFt
House
Schools Nearby

Location

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578-580 Companion Way, Longboat Key$1,145,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, Off Street
Year Built1963
HeatingCentral, Electric
CoolingCentral Air
ViewGarden
MLS #A4598090
Lot Size0.19 Acres
StatusActive

About 578-580 Companion Way

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

Property Features

Property Information:

  • Architectural Style: Bungalow, Florida
  • Year Built: 1963
  • Stories: 1
  • Living Area: 1,792 SqFt

Listing Office:

  • Office Name: MICHAEL SAUNDERS & COMPANY
  • Office Phone: (941) 383-7591
  • Listing Agent: Bill Anderson

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Flooring Type: Luxury Vinyl
  • Interior: Ceiling 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

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: Garden
  • Exterior: Garden, Outdoor Grill, Private Mailbox, Storage

Parking Information:

  • Parking: Driveway, Off Street

Lot Features

Lot Information:

  • Lot: Flood Zone, City Lot
  • Lot Size: 0.19 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Bayshore High School, Public District Grades 9-12
  • Martha B. King Middle School, Public District Grades 6-8
  • Anna Maria Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: From South Longboat Key, take Gulf of Mexico Drive North to Companion Way (at 5680 GMD). Turn right onto Companion Way. 578-580 Companion Way is the third property on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,145,000
  • Price Per SqFt: $639/SqFt
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Housing Market Comparison

See how this home compares to others in Longboat Key, FL.

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Longboat Key, FL

City

Med. Sold Price

$1.1M

Med. Price/SqFt

$732

Avg. Days On Market

84

# of Sold Homes

45

578-580 Companion Way vs Longboat Key

90 DAYS ON ROCKET

+6 Days

$1,145,000

-$28.3K Less

$639/SqFt

-$93 Less

KEY TAKEAWAY

This property is $28.3K less than the Median Sold Price and $93/SqFt less than other homes in Longboat Key, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #A4598090

Listing Office:

  • Office Name: MICHAEL SAUNDERS & COMPANY
  • Office Phone: (941) 383-7591
  • Listing Agent: Bill Anderson

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 5/1/2024, 6:19:18 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$5,782

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,499

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4320068
8
/10

  • Anna Maria Elementary School

  • 4700 Gulf Dr

  • 6.77 miles

  • Public District Grades KG-5

Middle School

school-card-donut-4320069
3
/10

  • Martha B. King Middle School

  • 600 75th St NW

  • 6.33 miles

  • Public District Grades 6-8

High School

school-card-donut-4320070
2
/10

  • Bayshore High School

  • 5401 34th St W

  • 4.63 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $107,407. The majority of Longboat Key, FL residents have income between $100k-200k annually. Residents typically live in married, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 578-580 Companion Way

What is the listing price of this property?

The listing price of 578-580 Companion Way property is $1,145,000.

What type of property is this?

The property 578-580 Companion Way is a house located in Longboat Key, Florida, 34228.

Is this property for sale now?

Active Listing: 578-580 Companion Way is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 578-580 Companion Way are:
Anna Maria Elementary School: GreatSchools Rating 8/10
Martha B. King Middle School: GreatSchools Rating 3/10
Bayshore High School: GreatSchools Rating 2/10

How many bedrooms and bathrooms does this property have?

The property at 578-580 Companion Way has 3 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 578-580 Companion Way is 1,792 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 578-580 Companion Way is 1963.

Rocket Homes›Florida›Manatee County›Longboat Key›34228›578-580 Companion Way

This home is located at 578-580 Companion Way in Longboat Key, FL and zip code 34228. This 1,792 square foot home, which was built in 1963, sits on a 0.19 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since February 01, 2024 and is currently priced at $1,145,000.

While more than 2 listings in Longboat Key, FL in March 2024 were sold above asking price, there were more than 4 listings sold at asking price, and more than 39 were sold below. The number of listings in Longboat Key, FL increased by 2.8% between February 2024 and March 2024. Listings spent 84 days on the market in March 2024, and had a median list price of $1,173,333 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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