551 Broadway St #1, Longboat Key

$899,000

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

Reduced $450K! New zoning may permit up to 6 NEW multi-family homes to be built in place of existing 6 unit multi-family vintage structure. A rare, seaside income opportunity on boating water nestled between the Gulf and the bay. This unique, 1946 vintage, 6-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 non-conforming contiguous lots; two are vacant residential waterfront lots (7009 & 7017 Longboat Drive N.) Located just .01 mile to the beach access to Longboat Key's famous beaches and the waters of the Gulf of Mexico. New seawall cap, 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 is of interest. 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.

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 - Saltwater, Canal-salt
View

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

Interior
HeatingCentral
CoolingWall/Window Unit(s)
StoriesOne, One 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 Market406
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 information last updated on April 20th, 2019 at 4:30am EDT.

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