551 Broadway St #1, Longboat Key

$899,000

0 Beds
0 Baths
3,262 Sqft
.43 Acres
0 Garages

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.

Essential Information
MLS® #A4209864
Price$899,000
Bathrooms0.00
Square Footage3,262
Acres0.43
Year Built1946
TypeIncome
Sub-TypeMulti-Family
StyleBungalow, Historical
StatusActive
Community Information
Address551 Broadway St #1
AreaLongboat Key
SubdivisionLong Beach, Rev Of
CityLongboat Key
CountyManatee County
StateFL
Zip Code34228
Amenities
UtilitiesPublic
FeaturesWater Access
ParkingGuest, In Garage, None, Open
GaragesUnder Building Parking
Is WaterfrontYes
WaterfrontCanal-salt
View

Corner Lot/Unit, Flood Insurance Required, Flood Plain, Historic District, Near Public Transit, Room For Pool, Street Paved, Water View

Interior
HeatingCentral
CoolingWall/Window Unit(s)
StoriesOne Story
Exterior
ExteriorStone
Exterior FeaturesMature Landscaping, Oak Trees
Lot Description1/4 Acre to 21779 Sq. Ft.
RoofMetal
School Information
ElementaryAnna Maria Elementary
MiddleMartha B. King Middle
HighBayshore High
Additional Information
Days on Market473
ZoningR6SF
Listing Details
OfficePremier Sothebys Intl Realty
Property History
Price Reduced from $950,000 to $899,000
Price Reduced from $990,000 to $950,000
Price Reduced from $1,000,000 to $990,000
Price Reduced from $1,100,000 to $1,000,000
Price Reduced from $1,200,000 to $1,100,000
Show All History (6)
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Listing data comes from My Florida Regional MLS DBA Stellar MLS.

Listing information last updated on June 26th, 2019 at 4:00am EDT.

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