3 months on rocket

7012 Palm Dr, Longboat Key, FL, 34228

$1,650,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
2 Full Baths
1,104 SqFt
$1,495/SqFt
House
Schools Nearby

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

7012 Palm Dr, Longboat Key$1,650,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingBoat, Covered, Driveway, Ground Level, Guest
Year Built1961
HeatingCentral, Electric
CoolingCentral Air
WaterfrontCanal
ViewGarden, Water
MLS #A4598828
Lot Size0.31 Acres
StatusActive

About 7012 Palm Dr

Come create your own island paradise! Here is an exceptional opportunity to own a large, buildable waterfront lot with a dock already in place in the friendly Longbeach Village on Longboat Key, PLUS a charming 1960’s 2 bedroom, 2 bath cottage you could live in while you’re building your dream home! This adorable cottage is ONLY being offered with the additional adjacent 7997sf vacant lot included (MLS#A4586829 Prop ID #7803300008) and the price reflects the total for both properties. It will give you 13,747sf of prime waterfront property just ready for your imagination. You could choose to live in the adorable cottage while you are building your new home, or garner rental income while you are putting together your plans. Later keep the cottage as a part of the family compound or tear it down to make room for a fabulous waterfront pool! If you want to invest in an even bigger opportunity for a compound, there is another additional 8616 sf waterfront lot (MLS#A4586309 Prop ID#7801500059) available that adjoins the 7997sf lot under separate purchase. The amazing location of the cottage and lots affords its owner a remarkable quality of life with days spent boating and fishing out on the water or relaxing in the Florida sunshine on the sugary sand beach and retuning to enjoy one of the many casual or fine dining restaurants and shopping opportunities that are within a bike ride away. When you’re ready for more, the world class shopping of St. Armands Circle and the epicenter of downtown Sarasota are just a short drive over the bridges. Bring your imagination and come consider this rare offering.

Property Details

Property Features

Property Information:

  • Architectural Style: Cottage
  • Year Built: 1961
  • Living Area: 1,104 SqFt

Listing Office:

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

Interior Features

Interior Information:

  • Appliances: Oven, Cooktop, Dishwasher, Dryer, Exhaust Fan, Refrigerator, Washer
  • Flooring Type: Terrazzo
  • Interior: Ceiling Fans(s), Living Room/Dining Room Combo, Window Treatments

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Canal
  • View: Garden, Water
  • Exterior: Outdoor Shower, Private Mailbox, Sliding Doors

Parking Information:

  • Parking: Boat, Covered, Driveway, Ground Level, Guest

Lot Features

Lot Information:

  • Lot: Cleared, Corner Lot, City Lot, Near Golf Course, Near Marina, Near Public Transit, Oversized Lot, Sidewalk, Paved
  • Lot Size: 0.31 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, go north on Gulf of Mexico to the north end of the key. Turn east on Broadway on the north end of Longboat Key from Gulf of Mexico Dr. Broadway is the very last (or first road, depending on which direction you are coming from) on the east side of Gulf of Mexico. The vacant lot is the first lot on the right and the cottage sits behind it on Palm Dr.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,650,000
  • Price Per SqFt: $1,495/SqFt

Tax Information:

  • Annual Amount: $5,640
  • Tax Year: 2020
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

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

Map thumbnail provided by MapBox

Longboat Key, FL

City

Med. Sold Price

$1.1M

Med. Price/SqFt

$727

Avg. Days On Market

59

# of Sold Homes

58

7012 Palm Dr vs Longboat Key

98 DAYS ON ROCKET

+39 Days

$1,650,000

+$476.2K More

$1,495/SqFt

+$767 More

KEY TAKEAWAY

This property is $476.2K more than the Median Sold Price and $767/SqFt more 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: #A4598828

Listing Office:

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

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: 5/15/2024, 10:19:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 05, 2013Home Sold
$135,000
Feb 28, 2013Home Sold
$270,000
Jan 29, 1999Home Sold
$193,000

Tax History

YEARPROP. TAXASSESSMENT
2020$5,640$316,821
2018$5,178$316,292
2017$5,179$288,788

History based on county public records data.

Payment Calculator

$8,303

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,013

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-1835433
8
/10

  • Anna Maria Elementary School

  • 4700 Gulf Dr

  • 4.87 miles

  • Public District Grades KG-5

Middle School

school-card-donut-1835434
3
/10

  • Martha B. King Middle School

  • 600 75th St NW

  • 5.54 miles

  • Public District Grades 6-8

High School

school-card-donut-1835435
2
/10

  • Bayshore High School

  • 5401 34th St W

  • 5.66 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 $86,702. The most common annual income of people living in Longboat Key, FL is between $35k-100k. Typical family type is married, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7012 Palm Dr

What is the listing price of this property?

The listing price of 7012 Palm Dr property is $1,650,000.

What type of property is this?

The property 7012 Palm Dr is a house located in Longboat Key, Florida, 34228.

Is this property for sale now?

Active Listing: 7012 Palm Dr is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 7012 Palm Dr 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

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $5,640 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 5, 2013 for $135,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 7012 Palm Dr has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 7012 Palm Dr is 1,104 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7012 Palm Dr is 1961.

Rocket Homes›Florida›Manatee County›Longboat Key›34228›7012 Palm Dr

This home is located at 7012 Palm Dr in Longboat Key, FL and zip code 34228. This 1,104 square foot home, which was built in 1961, sits on a 0.31 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since February 07, 2024 and is currently priced at $1,650,000.

In April 2024 more than 3 listings in Longboat Key, FL were sold above the asking price. During the same period more than 12 listings were sold at asking price, while more than 43 were sold below. The number of homes for sale in Longboat Key, FL decreased by 4.5% between March 2024 and April 2024. Listings spent 59 days on the market in April 2024, and had a median list price of $1,173,750 during the same period.

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

More Resources